Global Solar Central Inverters Market Report and Forecast 2023-2028

Global Solar Central Inverters Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global solar central inverters market is projected to grow at a CAGR of 9.5% between 2023 and 2028. Aided by the rising demand for renewable energy sources and the proliferating applications of solar central inverters in the energy sector, the market is expected to grow significantly by 2028.

Solar central inverters play a crucial role in the conversion of direct current (DC) power, generated by solar panels, into alternating current (AC) power, which is used in most homes and commercial buildings. They are widely used in large-scale utility solar systems due to their high efficiency, reliability, and grid management features. Furthermore, these inverters are also instrumental in optimising the performance of solar energy systems and improving their power output.

The escalating consumer preference for sustainable energy solutions is a significant driver propelling the global solar central inverters market growth. With the increasing awareness of climate change and environmental conservation, there has been a substantial shift towards renewable energy sources, resulting in a surge in demand for solar energy products, including solar central inverters. Additionally, the rising need for energy in off-grid and remote areas has further expanded the solar central inverters market.

The widening applications of solar central inverters in the energy sector also play a vital role in fuelling the solar central inverters market expansion. Large-scale solar farms and utility projects extensively utilise solar central inverters to manage and optimise their energy output. The residential sector is also witnessing an increase in demand for solar central inverters as more households adopt solar energy systems. Moreover, governmental initiatives promoting the use of renewable energy sources have resulted in favourable market conditions, thus aiding the solar central inverters market development.

Furthermore, the increasing focus on smart grid solutions and energy storage has contributed to the popularity of solar central inverters. These inverters can effectively manage and control grid stability, thus becoming an integral part of smart grid systems. Moreover, as the demand for energy storage systems increases, the role of solar central inverters in balancing the power output and input becomes increasingly critical, thereby increasing the solar central inverters market demand.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application
  • Utility
  • Non-Utility
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global solar central inverters companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • ABB Ltd.
  • Delta Electronics Inc. Ingeteam Corp. SA
  • Sungrow Power Supply Co. Ltd.
  • SMA Solar Technology AG
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Solar Central Inverters Market Analysis
8.1 Key Industry Highlights
8.2 Global Solar Central Inverters Historical Market (2018-2022)
8.3 Global Solar Central Inverters Market Forecast (2023-2028)
8.4 Global Solar Central Inverters Market by Application
8.4.1 Utility
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Non-Utility
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Solar Central Inverters Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Solar Central Inverters Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Solar Central Inverters Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Solar Central Inverters Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Solar Central Inverters Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Solar Central Inverters Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ABB Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Delta Electronics Inc. (TPE: 2308)
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ingeteam Corp. SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sungrow Power Supply Co. Ltd. (SHE: 300274)
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 SMA Solar Technology AG (ETR: S92)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market

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