PV Inverters  - Global Market Outlook (2017-2026)

PV Inverters  - Global Market Outlook (2017-2026)

  • Published: May 2019
  • ID: SMRC18265

According to Stratistics MRC, the PV Inverters is accounted for $7.32 billion in 2017 and is expected to reach $11.26 billion by 2026 growing at a CAGR of 4.9% during the forecast period. One of the major driving factors for this market is growing solar photovoltaic industry. Additionally, the growing demand for energy coupled with regulatory framework that supports clean energy are also driving the market for PV inverters market. However, substitute clean energy technologies such as hydropower are holding back the market in some regions. With the technological development in solar photovoltaic market, PV inverter market is expected to face a boom in demand.


A solar inverter or PV inverter is a type of electrical converter which converts the variable direct current (DC) output of a photovoltaic (PV) solar panel into a utility frequency alternating current (AC) that can be fed into a commercial electrical grid or used by a local, off-grid electrical network.

Based on nominal output power, ≤ 300 W is estimated to have the highest growth during the forecast period. ≤ 300 W photovoltaic inverter market share is predicted to witness robust growth on account of their deployment favored by lowering product costs across small-scale solar PV applications. Improving unit efficiencies along with increasing inclination towards operational flexibility will augment the product demand. Furthermore, the growing demand for cost-efficient and cost-effective PV installations in line with the increasing off-grid deployment will complement the business outlook. By geography, The U.S. photovoltaic inverter market is anticipated to witness the overall industry growth market over the forecast period. Favorable regulatory measures pertaining to energy conservation and positive consumer outlook towards the deployment of sustainable energy will nourish the overall industry growth in North America region.

Some of the key players profiled in the PV inverter market include ABB, Delta Electronics Inc, Eaton, Emerson Electric Co, Hitachi Hi-Rel Power Electronics Pvt Ltd, Omron Corporation, Power Electronics, Siemens AG, SMA Solar Technolgy AG and SunPower Corporation.

Products Covered:
• Central PV inverter
• Micro PV inverter
• String PV inverter
• Other PV inverter

Types Covered:
• Parallel
• Separate

Connectivities Covered:
• Standalone
• On-Grid
• Off-grid
• Battery Backup Inverter

Nominal Output Powers Covered:
• 33,000 - 110,000 W
• > 110,000 W
• 3,000 - 33,000 W
• ≤ 300 W
• 300 -3,000 W

Nominal Output Voltages Covered:
• > 600 V
• 400 - 600 V
• ≤ 230 V
• 230 - 400 V

Power Classes Covered:
• Three Phase
• Single Phase

Sales Channels Covered:
• Direct Channel
• Indirect Channel
• PV Inverter Customers
• Distribution Channel

End Users Covered:
• Residential
• Utility
• Industrial
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary            
             
2 Preface            
 2.1 Abstract           
 2.2 Stake Holders           
 2.3 Research Scope           
 2.4 Research Methodology           
  2.4.1 Data Mining          
  2.4.2 Data Analysis           
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources          
  2.5.2 Secondary Research Sources          
  2.5.3 Assumptions          
             
3 Market Trend Analysis            
 3.1 Introduction           
 3.2 Drivers           
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats           
 3.6 Product Analysis           
 3.7 End User Analysis           
 3.8 Emerging Markets           
 3.9 Futuristic Market Scenario           
             
4 Porters Five Force Analysis            
 4.1 Bargaining power of suppliers           
 4.2 Bargaining power of buyers           
 4.3 Threat of substitutes           
 4.4 Threat of new entrants           
 4.5 Competitive rivalry           
             
5 Global Photovoltaic (PV) Inverters Market, By Product            
 5.1 Introduction           
 5.2 Central PV inverter           
  5.2.1 Transformer Based          
  5.2.2 Transformer Less          
 5.3 Micro PV inverter           
 5.4 String PV inverter           
 5.5 Other PV inverter           
             
6 Global Photovoltaic (PV) Inverters Market, By Type            
 6.1 Introduction           
 6.2 Parallel           
 6.3 Separate           
             
7 Global Photovoltaic (PV) Inverters Market, By Connectivity            
 7.1 Introduction           
 7.2 Standalone           
 7.3 On-Grid           
 7.4 Off-grid           
 7.5 Battery Backup Inverter           
             
8 Global Photovoltaic (PV) Inverters Market, By Nominal Output Power            
 8.1 Introduction           
 8.2 33,000 - 110,000 W           
 8.3 > 110,000 W           
 8.4 3,000 - 33,000 W           
 8.5 ≤ 300 W           
 8.6 300 -3,000 W           
             
9 Global Photovoltaic (PV) Inverters Market, By Nominal Output Voltage            
 9.1 Introduction           
 9.2 > 600 V           
 9.3 400 - 600 V           
 9.4 ≤ 230 V            
 9.5 230 - 400 V           
             
10 Global Photovoltaic (PV) Inverters Market, By Power Class            
 10.1 Introduction           
 10.2 Three Phase           
  10.2.1 High Power (>99kW)          
  10.2.2 Low Power (≤99 kW)           
 10.3 Single Phase           
             
11 Global Photovoltaic (PV) Inverters Market, By Sales Channel            
 11.1 Introduction           
 11.2 Direct Channel           
 11.3 Indirect Channel           
 11.4 PV Inverter Customers           
 11.5 Distribution Channel           
             
12 Global Photovoltaic (PV) Inverters Market, By End User            
 12.1 Introduction           
 12.2 Residential            
 12.3 Utility            
 12.4 Industrial           
  12.4.1 Chemical          
  12.4.2 Paper          
  12.4.3 Food Processing          
 12.5 Commercial           
  12.5.1 Office          
  12.5.2 College/University          
  12.5.3 Government/Military          
             
13 Global Photovoltaic (PV) Inverters Market, By Geography            
 13.1 Introduction           
 13.2 North America           
  13.2.1 US          
  13.2.2 Canada          
  13.2.3 Mexico          
 13.3 Europe           
  13.3.1 Germany          
  13.3.2 UK          
  13.3.3 Italy          
  13.3.4 France          
  13.3.5 Spain          
  13.3.6 Rest of Europe          
 13.4 Asia Pacific           
  13.4.1 Japan          
  13.4.2 China          
  13.4.3 India          
  13.4.4 Australia          
  13.4.5 New Zealand          
  13.4.6 South Korea          
  13.4.7 Rest of Asia Pacific          
 13.5 South America           
  13.5.1 Argentina          
  13.5.2 Brazil          
  13.5.3 Chile          
  13.5.4 Rest of South America          
 13.6 Middle East & Africa           
  13.6.1 Saudi Arabia          
  13.6.2 UAE          
  13.6.3 Qatar          
  13.6.4 South Africa          
  13.6.5 Rest of Middle East & Africa          
             
14 Key Developments            
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures           
 14.2 Acquisitions & Mergers           
 14.3 New Product Launch           
 14.4 Expansions           
 14.5 Other Key Strategies           
             
15 Company Profiling            
 15.1 ABB           
 15.2 Delta Electronics, Inc.           
 15.3 Eaton           
 15.4 Emerson Electric Co           
 15.5 Hitachi Hi-Rel Power Electronics Pvt. Ltd.           
 15.6 Omron Corporation           
 15.7 Power Electronics           
 15.8 Siemens AG           
 15.9 SMA Solar Technolgy AG           
 15.10 SunPower Corporation           


List of Tables             
1 Global Photovoltaic (PV) Inverters Market Outlook, By Region (2016-2026) (US $MN)             
2 Global Photovoltaic (PV) Inverters Market Outlook, By Product (2016-2026) (US $MN)            
3 Global Photovoltaic (PV) Inverters Market Outlook, By Central PV Inverter (2016-2026) (US $MN)            
4 Global Photovoltaic (PV) Inverters Market Outlook, By Transformer Based (2016-2026) (US $MN)            
5 Global Photovoltaic (PV) Inverters Market Outlook, By Transformer Less (2016-2026) (US $MN)            
6 Global Photovoltaic (PV) Inverters Market Outlook, By Micro PV Inverter (2016-2026) (US $MN)            
7 Global Photovoltaic (PV) Inverters Market Outlook, By String PV Inverter (2016-2026) (US $MN)            
8 Global Photovoltaic (PV) Inverters Market Outlook, By Other PV Inverter (2016-2026) (US $MN)             
9 Global Photovoltaic (PV) Inverters Market Outlook, By Type (2016-2026) (US $MN)            
10 Global Photovoltaic (PV) Inverters Market Outlook, By Parallel (2016-2026) (US $MN)            
11 Global Photovoltaic (PV) Inverters Market Outlook, By Separate (2016-2026) (US $MN)            
12 Global Photovoltaic (PV) Inverters Market Outlook, By Connectivity (2016-2026) (US $MN)            
13 Global Photovoltaic (PV) Inverters Market Outlook, By Standalone (2016-2026) (US $MN)            
14 Global Photovoltaic (PV) Inverters Market Outlook, By On-Grid (2016-2026) (US $MN)            
15 Global Photovoltaic (PV) Inverters Market Outlook, By Off-Grid (2016-2026) (US $MN)            
16 Global Photovoltaic (PV) Inverters Market Outlook, By Battery Backup Inverter (2016-2026) (US $MN)            
17 Global Photovoltaic (PV) Inverters Market Outlook, By Nominal Output Power (2016-2026) (US $MN)            
18 Global Photovoltaic (PV) Inverters Market Outlook, By 33,000 - 110,000 W (2016-2026) (US $MN)            
19 Global Photovoltaic (PV) Inverters Market Outlook, By > 110,000 W (2016-2026) (US $MN)            
20 Global Photovoltaic (PV) Inverters Market Outlook, By 3,000 - 33,000 W (2016-2026) (US $MN)            
21 Global Photovoltaic (PV) Inverters Market Outlook, By ≤ 300 W (2016-2026) (US $MN)            
22 Global Photovoltaic (PV) Inverters Market Outlook, By 300 -3,000 W (2016-2026) (US $MN)            
23 Global Photovoltaic (PV) Inverters Market Outlook, By Nominal Output Voltage (2016-2026) (US $MN)            
24 Global Photovoltaic (PV) Inverters Market Outlook, By > 600 V (2016-2026) (US $MN)            
25 Global Photovoltaic (PV) Inverters Market Outlook, By 400 - 600 V (2016-2026) (US $MN)            
26 Global Photovoltaic (PV) Inverters Market Outlook, By ≤ 230 V (2016-2026) (US $MN)            
27 Global Photovoltaic (PV) Inverters Market Outlook, By 230 - 400 V (2016-2026) (US $MN)            
28 Global Photovoltaic (PV) Inverters Market Outlook, By Power Class (2016-2026) (US $MN)            
29 Global Photovoltaic (PV) Inverters Market Outlook, By Three Phase (2016-2026) (US $MN)            
30 Global Photovoltaic (PV) Inverters Market Outlook, By High Power (>99kW) (2016-2026) (US $MN)            
31 Global Photovoltaic (PV) Inverters Market Outlook, By Low Power (≤99 kW) (2016-2026) (US $MN)            
32 Global Photovoltaic (PV) Inverters Market Outlook, By Single Phase (2016-2026) (US $MN)            
33 Global Photovoltaic (PV) Inverters Market Outlook, By Sales Channel (2016-2026) (US $MN)            
34 Global Photovoltaic (PV) Inverters Market Outlook, By Direct Channel (2016-2026) (US $MN)            
35 Global Photovoltaic (PV) Inverters Market Outlook, By Indirect Channel (2016-2026) (US $MN)            
36 Global Photovoltaic (PV) Inverters Market Outlook, By PV Inverter Customers (2016-2026) (US $MN)            
37 Global Photovoltaic (PV) Inverters Market Outlook, By Distribution Channel (2016-2026) (US $MN)            
38 Global Photovoltaic (PV) Inverters Market Outlook, By End User (2016-2026) (US $MN)            
39 Global Photovoltaic (PV) Inverters Market Outlook, By Residential (2016-2026) (US $MN)            
40 Global Photovoltaic (PV) Inverters Market Outlook, By Utility (2016-2026) (US $MN)            
41 Global Photovoltaic (PV) Inverters Market Outlook, By Industrial (2016-2026) (US $MN)            
42 Global Photovoltaic (PV) Inverters Market Outlook, By Chemical (2016-2026) (US $MN)            
43 Global Photovoltaic (PV) Inverters Market Outlook, By Paper (2016-2026) (US $MN)            
44 Global Photovoltaic (PV) Inverters Market Outlook, By Food Processing (2016-2026) (US $MN)            
45 Global Photovoltaic (PV) Inverters Market Outlook, By Commercial (2016-2026) (US $MN)            
46 Global Photovoltaic (PV) Inverters Market Outlook, By Office (2016-2026) (US $MN)            
47 Global Photovoltaic (PV) Inverters Market Outlook, By College/University (2016-2026) (US $MN)            
48 Global Photovoltaic (PV) Inverters Market Outlook, By Government/Military (2016-2026) (US $MN)            
             
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.              

 

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