Global Solar PV Inverter Market 2022-2028

Global Solar PV Inverter Market 2022-2028

According to market research study published by Gen Consulting Company, the market size of the global solar pv inverter sector is expected to rise by USD 2.7 billion with a CAGR of 4.1% by the end of 2028.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global solar pv inverter market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the solar pv inverter industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the inverter type, application, and region. The global market for solar pv inverter can be segmented by inverter type: central inverter, string inverter, micro inverter. Among these, the central inverter segment was accounted for the highest revenue generator in 2021. Solar pv inverter market is further segmented by application: residential, commercial and industrial, utility-scale, others. The utility-scale segment is estimated to account for the largest share of the global solar pv inverter market. Based on region, the solar pv inverter market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific held the largest share of the global solar pv inverter market in 2021 and is anticipated to hold its share during the forecast period.

Market Segmentation

By inverter type: central inverter, string inverter, micro inverter

By application: residential, commercial and industrial, utility-scale, others

By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report has also analysed the competitive landscape of the global solar pv inverter market with some of the key players being Enphase Energy, Inc., FIMER S.p.A., General Electric Company, Huawei Technologies Co., Ltd., Mitsubishi Electric Corporation, Omron Corporation, Schneider Electric SE, Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc., among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global solar pv inverter market.
• To classify and forecast the global solar pv inverter market based on inverter type, application, region.
• To identify drivers and challenges for the global solar pv inverter market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global solar pv inverter market.
• To identify and analyze the profile of leading players operating in the global solar pv inverter market.

• Gain a reliable outlook of the global solar pv inverter market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.