Market Research Heavy Industry Market Research Energy & Resources Market Research Energy Market Research Photovoltaics Market Research

Solar PV Modules and Inverters Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2023-2028

Best Price Guarantee Length Publisher Published Date SKU
from $3,995 269 Pages GlobalData January, 2025 GBDT19677242
Best Price Guarantee
Price from $3,995
Length 269 Pages
Publisher GlobalData
Published Date January, 2025
SKU GBDT19677242

Solar PV Modules and Inverters Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2023-2028

Summary

GlobalData's latest report Solar PV Modules and Inverters Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2023-2028 offers comprehensive information and understanding of the global solar PV module and inverter markets. The report offers in-depth analysis at the global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key country (the US, Brazil, China, India, Japan, the UK, Germany, and Italy) level.
The report analyzes the PV modules market capacity and market value, classified by technology for the historical (2019-2023) and forecast (2024-2028) periods. Similarly, the PV inverters market capacity is analyzed based on consumer segment and the market value is outlined in the report. The solar PV module technologies covered in the report are crystalline silicon (c-Si) and thin-film and the consumer categories provided for the PV inverters market analysis are Residential, Commercial, and Utility-scale. The report covers market overview, drivers and restraints influencing the market, key policies and initiatives, major upcoming projects, recent deals, tenders issued, and contracts signed at key country levels, along with the competitive landscape at global level are provided.
The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData's team of industry experts.

Scope

The report analyzes the solar PV module and inverter market. Its scope includes -

  • Analysis of the solar PV module and inverter markets with a focus on market value and capacity in the global and regional levels including Asia-Pacific, Americas, Europe, and Middle East and Africa (EMEA).
  • The report provides analysis of the solar PV module and inverter markets for key countries including the US, Brazil, China, India, Japan, the UK, Germany, and Italy.
  • The report offers country level solar market value and capacity analysis for the historical (2019-2023) and forecast (2024-2028) periods.
  • It also provides competitive landscape at the global for the year 2023, recent deals, major upcoming projects, along with tenders issued and contracts signed at the country level.
  • Market drivers and restraints along with their impact on the markets, along with key policies and regulations are also discussed.
Reasons to Buy

The report will enhance your decision-making capability in a more rapid and time sensitive manner. It will allow you to -
  • Facilitate decision-making by analyzing historical and forecast data on the solar PV module and inverters market.
  • Develop strategies based on developments in the markets.
  • Identify key partners and business-development avenues, based on an understanding of the activities of the major competitors in the markets.
  • Respond to your competitors’ business structure, strategies and prospects.


  • About GlobalData
  • Executive Summary
    • Global Solar PV Modules’ Market to Register $133.12 billion by 2028, led by Asia-Pacific
      • Table Figure 1: Solar PV Modules and Inverters, Regional Solar PV Modules Market Value ($bn), 2023 and 2028
    • Global Solar PV Inverters’ Market to Register $43.99 billion by 2028, led by Utility-Scale
      • Table Figure 2: Solar PV Modules and Inverters, Global, Solar PV Inverters Annual Market Value ($bn), 2023 and 2028
  • Introduction
    • Solar PV Modules and Inverters, Solar Photovoltaic Technology Overview
      • Table Figure 3: Solar PV Modules and Inverters, Solar PV System, and its Main Components
    • Solar PV Modules and Inverters, Classifications
      • Table Figure 4: Solar PV Modules and Inverters, Types of Solar PV Inverters Based on Application
      • Table Figure 5: Solar PV Modules and Inverters, Types of Solar PV Inverters Based on System Architecture
    • Solar PV Modules and Inverters, GlobalData Report Guidance
  • Solar PV Modules and Inverters, Global
    • Solar PV, Global, Market Overview
    • Solar PV Modules and Inverters, Global, Market Size Analysis
      • Table Figure 6: Solar PV Modules Annual Market Capacity (GW), Global, 2019–28
      • Table Solar PV Modules Annual Market Capacity (GW), Global, 2019–28
      • Table Figure 7: Solar PV Modules Annual Market Value ($bn), Global, 2019–28
      • Table Solar PV Modules Annual Market Value ($bn), Global, 2019–28
      • Table Figure 8: Solar PV Inverters Annual Market Capacity (GW), Global, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (GW), Global, 2019–28
      • Table Figure 9: Solar PV Inverters Annual Market Value ($bn), Global, 2019–28
      • Table Solar PV Inverters Annual Market Value ($bn), Global, 2019–28
    • Solar PV Modules and Inverters, Global, Competitive Landscape, 2023
      • Table Figure 10: Solar PV Module Market, Global Competitive Landscape, Crystalline Technology, 2023
      • Table Solar PV Module Market, Global, Competitive Landscape, Crystalline Technology, 2023
      • Table Figure 11: Solar PV Module Market, Global Competitive Landscape, Thin-Film Technology, 2023
      • Table Solar PV Module Market, Global Competitive Landscape, Thin-Film Technology, 2023
      • Table Figure 12: Solar PV Inverter Market, Global Competitive Landscape, 2023
      • Table Solar PV Inverter Market, Global Competitive Landscape, 2023
  • Solar PV Modules and Inverters, Americas
    • Solar PV, Americas, Market Overview
    • Solar PV Modules and Inverters, Americas, Market Size Analysis
      • Table Figure 13: Solar PV Modules Annual Market Capacity (GW), Americas, 2019–28
      • Table Solar PV Modules Annual Market Capacity (GW), Americas, 2019–28
      • Table Figure 14: Solar PV Modules Annual Market Value ($bn), Americas, 2019–28
      • Table Solar PV Modules Annual Market Value ($bn), Americas, 2019–28
      • Table Figure 15: Solar PV Inverters Annual Market Capacity (GW), Americas, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (GW), Americas, 2019–28
      • Table Figure 16: Solar PV Inverters Annual Market Value ($bn), Americas, 2019–28
      • Table Solar PV Inverters Annual Market Value ($bn), Americas, 2019–28
  • Solar PV Modules and Inverters, US
    • Solar PV, US, Market Overview
      • Table Figure 17: Solar PV Modules and Inverters, US, Cumulative Installed Capacity by Fuel Sources (%), 2023 and 2028
    • Solar PV Modules and Inverters, US, Key Renewable Energy Policies and Initiatives
      • Table Renewable Energy Project Tax Components and Changes with New Tax Code, US
      • Table Renewable Energy Market, US, Investment Tax Credit
      • Table Renewable Energy Market, US, SunShot Progress and Goals
      • Table Renewable Energy Market, US, Renewable Portfolio Standards, State Targets
    • Solar PV Modules and Inverters, US, Market Drivers and Restraints
    • Solar PV Modules and Inverters, US, Market Size Analysis
      • Table Figure 18: Solar PV Modules Annual Market Capacity (MW), US, 2019–28
      • Table Solar PV Modules Annual Market Capacity (MW), US, 2019–28
      • Table Figure 19: Solar PV Modules Annual Market Value ($m), US, 2019–28
      • Table Solar PV Modules Annual Market Value ($m), US, 2019–28
      • Table Figure 20: Solar PV Inverters Annual Market Capacity (MW), US, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (MW), US, 2019–28
      • Table Figure 21: Solar PV Inverters Annual Market Value ($m), US, 2019–28
      • Table Solar PV Inverters Annual Market Value ($m), US, 2019–28
    • Solar PV Modules and Inverters, US, Deals
      • Table Solar PV Modules and Inverters, US, Deals
    • Solar PV Modules and Inverters, US, Tenders and Contracts
      • Table Solar PV Modules and Inverters, US, Recent Tenders and Contracts
    • Solar PV Modules and Inverters, US, Major Upcoming Solar PV Projects
      • Table Solar PV Modules and Inverters, US, Upcoming Solar PV Projects
  • Solar PV Modules and Inverters, Brazil
    • Solar PV, Brazil, Market Overview
      • Table Figure 22: Solar PV Modules and Inverters, Brazil, Cumulative Installed Capacity by Fuel Sources (%), 2023 and 2028
    • Solar PV Modules and Inverters, Brazil, Key Renewable Energy Policies and Initiatives
      • Table Policy Snapshot, Brazil, 2023
      • Table Brazil, Renewable Auctions, 2015–2022
    • Solar PV Modules and Inverters, Brazil, Market Drivers and Restraints
    • Solar PV Modules and Inverters, Brazil, Market Size Analysis
      • Table Figure 23: Solar PV Modules Annual Market Capacity (MW), Brazil, 2019–28
      • Table Solar PV Modules Annual Market Capacity (MW), Brazil, 2019–28
      • Table Figure 24: Solar PV Modules Annual Market Value ($m), Brazil, 2019–28
      • Table Solar PV Modules Annual Market Value ($m), Brazil, 2019–28
      • Table Figure 25: Solar PV Inverters Annual Market Capacity (MW), Brazil, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (MW), Brazil, 2019–28
      • Table Figure 26: Solar PV Inverters Annual Market Value ($m), Brazil, 2019–28
      • Table Solar PV Inverters Annual Market Value ($m), Brazil, 2019–28
    • Solar PV Modules and Inverters, Brazil, Deals
      • Table Solar PV Modules and Inverters, Brazil, Deals
    • Solar PV Modules and Inverters, Brazil, Tenders and Contracts
      • Table Solar PV Modules and Inverters, Brazil, Recent Tenders and Contracts
    • Solar PV Modules and Inverters, Brazil, Major Upcoming Solar PV Projects
      • Table Solar PV Modules and Inverters, Brazil, Upcoming Solar PV Projects
  • Solar PV Modules and Inverters, Asia-Pacific
    • Solar PV, Asia-Pacific, Market Overview
    • Solar PV Modules and Inverters, Asia-Pacific, Market Size Analysis
      • Table Figure 27: Solar PV Modules Annual Market Capacity (GW), Asia-Pacific, 2019–28
      • Table Solar PV Modules Annual Market Capacity (GW), Asia-Pacific, 2019–28
      • Table Figure 28: Solar PV Modules Annual Market Value ($bn), Asia-Pacific, 2019–28
      • Table Solar PV Modules Annual Market Value ($bn), Asia-Pacific, 2019–28
      • Table Figure 29: Solar PV Inverters Annual Market Capacity (GW), Asia-Pacific, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (GW), Asia-Pacific, 2019–28
      • Table Figure 30: Solar PV Inverters Annual Market Value ($bn), Asia-Pacific, 2019–28
      • Table Solar PV Inverters Annual Market Value ($bn), Asia-Pacific, 2019–28
  • Solar PV Modules and Inverters, China
    • Solar PV, China, Market Overview
      • Table Figure 31: Solar PV Modules and Inverters, China, Cumulative Installed Capacity by Fuel Sources (%), 2023 and 2028
    • Solar PV Modules and Inverters, China, Key Renewable Energy Policies and Initiatives
      • Table Policy Snapshot, China, 2023
      • Table GEF Active Projects Funding, China, 2023
      • Table GEF Funding Allocation, STAR GEF-8, China, 2022
      • Table Power Market, China, Top 10 Winners Solar PV Tender, 2019
    • Solar PV Modules and Inverters, China, Market Drivers and Restraints
    • Solar PV Modules and Inverters, China, Market Size Analysis
      • Table Figure 32: Solar PV Modules Annual Market Capacity (MW), China, 2019–28
      • Table Solar PV Modules Annual Market Capacity (MW), China, 2019–28
      • Table Figure 33: Solar PV Modules Annual Market Value ($m), China, 2019–28
      • Table Solar PV Modules Annual Market Value ($m), China, 2019–28
      • Table Figure 34: Solar PV Inverters Annual Market Capacity (MW), China, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (MW), China, 2019–28
      • Table Figure 35: Solar PV Inverters Annual Market Value ($m), China, 2019–28
      • Table Solar PV Inverters Annual Market Value ($m), China, 2019–28
    • Solar PV Modules and Inverters, China, Deals
      • Table Solar PV Modules and Inverters, China, Deals
    • Solar PV Modules and Inverters, China, Tenders and Contracts
      • Table Solar PV Modules and Inverters, China, Recent Tenders and Contracts
    • Solar PV Modules and Inverters, China, Major Upcoming Solar PV Projects
      • Table Solar PV Modules and Inverters, China, Upcoming Solar PV Projects
  • Solar PV Modules and Inverters, India
    • Solar PV, India, Market Overview
      • Table Figure 36: Solar PV Modules and Inverters, India, Cumulative Installed Capacity by Fuel Sources (%), 2023 and 2028
    • Solar PV Modules and Inverters, India, Key Renewable Energy Policies and Initiatives
      • Table Policy Snapshot, India, 2023
      • Table Renewable Energy Market, India, State-Wise Solar Power Targets vs Actuals, 2022
      • Table Renewable Energy Certificate Volume, India, 2023-24
      • Table Minimum Module Efficiency required to be eligible for enlistment under ALMM
      • Table SECI 1.2GW ISTS Wind Solar Hybrid Power (Tranche-VI) Auction Results
      • Table Renewable Energy Auctions, India, 2018-2023
      • Table Renewable Energy Market, India, Net Metering Regulations in Leading States
      • Table Renewable Energy Market, India, Net Metering and Gross Metering Policy, Karnataka
    • Solar PV Modules and Inverters, India, Market Drivers and Restraints
    • Solar PV Modules and Inverters, India, Market Size Analysis
      • Table Figure 37: Solar PV Modules Annual Market Capacity (MW), India, 2019–28
      • Table Solar PV Modules Annual Market Capacity (MW), India, 2019–28
      • Table Figure 38: Solar PV Modules Annual Market Value ($m), India, 2019–28
      • Table Solar PV Modules Annual Market Value ($m), India, 2019–28
      • Table Figure 39: Solar PV Inverters Annual Market Capacity (MW), India, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (MW), India, 2019–28
      • Table Figure 40: Solar PV Inverters Annual Market Value ($m), India, 2019–28
      • Table Solar PV Inverters Annual Market Value ($m), India, 2019–28
    • Solar PV Modules and Inverters, India, Deals
      • Table Solar PV Modules and Inverters, India, Deals
    • Solar PV Modules and Inverters, India, Tenders and Contracts
      • Table Solar PV Modules and Inverters, India, Recent Tenders and Contracts
    • Solar PV Modules and Inverters, India, Major Upcoming Solar PV Projects
      • Table Solar PV Modules and Inverters, India, Upcoming Solar PV Projects
  • Solar PV Modules and Inverters, Japan
    • Solar PV, Japan, Market Overview
      • Table Figure 41: Solar PV Modules and Inverters, Japan, Cumulative Installed Capacity by Fuel Sources (%), 2023 and 2028
    • Solar PV Modules and Inverters, Japan, Key Renewable Energy Policies and Initiatives
      • Table Policy Snapshot, Japan, 2023
      • Table Renewable Energy Cost Reduction Targets, Japan (JPY/kWh and $/kWh), 2030
      • Table Renewable Energy Feed-in Tariffs, Japan (JPY/kWh and $/kWh), 2023
      • Table FiTs and FiPs Eligibility by Year, Japan, 2022
      • Table Renewable Energy Market, Japan, Solar PV Auctions
      • Table Renewable Energy Market, Renewable Energy Certificates, Japan
    • Solar PV Modules and Inverters, Japan, Market Drivers and Restraints
    • Solar PV Modules and Inverters, Japan, Market Size Analysis
      • Table Figure 42: Solar PV Modules Annual Market Capacity (MW), Japan, 2019–28
      • Table Solar PV Modules Annual Market Capacity (MW), Japan, 2019–28
      • Table Figure 43: Solar PV Modules Annual Market Value ($m), Japan, 2019–28
      • Table Solar PV Modules Annual Market Value ($m), Japan, 2019–28
      • Table Figure 44: Solar PV Inverters Annual Market Capacity (MW), Japan, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (MW), Japan, 2019–28
      • Table Figure 45: Solar PV Inverters Annual Market Value ($m), Japan, 2019–28
      • Table Solar PV Inverters Annual Market Value ($m), Japan, 2019–28
    • Solar PV Modules and Inverters, Japan, Deals
      • Table Solar PV Modules and Inverters, Japan, Deals
    • Solar PV Modules and Inverters, Japan, Tenders and Contracts
      • Table Solar PV Modules and Inverters, Japan, Recent Tenders and Contracts
    • Solar PV Modules and Inverters, Japan, Major Upcoming Solar PV Projects
      • Table Solar PV Modules and Inverters, Japan, Upcoming Solar PV Projects
  • Solar PV Modules and Inverters, EMEA
    • Solar PV, EMEA, Market Overview
    • Solar PV Modules and Inverters, EMEA, Market Size Analysis
      • Table Figure 46: Solar PV Modules Annual Market Capacity (GW), EMEA, 2019–28
      • Table Solar PV Modules Annual Market Capacity (GW), EMEA, 2019–28
      • Table Figure 47: Solar PV Modules Annual Market Value ($bn), EMEA, 2019–28
      • Table Solar PV Modules Annual Market Value ($bn), EMEA, 2019–28
      • Table Figure 48: Solar PV Inverters Annual Market Capacity (MW), EMEA, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (MW), EMEA, 2019–28
      • Table Figure 49: Solar PV Inverters Annual Market Value ($m), EMEA, 2019–28
      • Table Solar PV Inverters Annual Market Value ($m), EMEA, 2019–28
  • Solar PV Modules and Inverters, UK
    • Solar PV, UK, Market Overview
      • Table Figure 50: Solar PV Modules and Inverters, UK, Cumulative Installed Capacity by Fuel Sources (%), 2023 and 2028
    • Solar PV Modules and Inverters, UK, Key Renewable Energy Policies and Initiatives
      • Table Policy Snapshot, United Kingdom, 2023
      • Table Renewable Obligation, Technology Eligibility, UK
      • Table Renewables Obligation, Technology Eligibility, UK
      • Table Renewable Obligation (ROC/MWh), UK, 2009–2023
      • Table Renewable Energy, CfD Fifth Allocation Round Results, UK, 2023
    • Solar PV Modules and Inverters, UK, Market Drivers and Restraints
    • Solar PV Modules and Inverters, UK, Market Size Analysis
      • Table Figure 51: Solar PV Modules Annual Market Capacity (MW), UK, 2019–28
      • Table Solar PV Modules Annual Market Capacity (MW), UK, 2019–28
      • Table Figure 52: Solar PV Modules Annual Market Value ($m), UK, 2019–28
      • Table Solar PV Modules Annual Market Value ($m), UK, 2019–28
      • Table Figure 53: Solar PV Inverters Annual Market Capacity (MW), UK, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (MW), UK, 2019–28
      • Table Figure 54: Solar PV Inverters Annual Market Value ($m), UK, 2019–28
      • Table Solar PV Inverters Annual Market Value ($m), UK, 2019–28
    • Solar PV Modules and Inverters, UK, Deals
      • Table Solar PV Modules and Inverters, UK, Deals
    • Solar PV Modules and Inverters, UK, Tenders and Contracts
      • Table Solar PV Modules and Inverters, UK, Recent Tenders and Contracts
    • Solar PV Modules and Inverters, UK, Major Upcoming Solar PV Projects
      • Table Solar PV Modules and Inverters, UK, Upcoming Solar PV Projects
  • Solar PV Modules and Inverters, Germany
    • Solar PV, Germany, Market Overview
      • Table Figure 55: Solar PV Modules and Inverters, Germany, Cumulative Installed Capacity by Fuel Sources (%), 2023 and 2028
    • Solar PV Modules and Inverters, Germany, Key Renewable Energy Policies and Initiatives
      • Table Policy Snapshot, Germany, 2023
      • Table Renewable Energy Targets, Germany, 2030
      • Table Feed-in Tariff (FiT), Rooftop Solar PV, Germany, 2023
      • Table Solar PV Auction Results, Germany, 2018 - 2024
      • Table Germany, Joint Auction Results, 2018–24
    • Solar PV Modules and Inverters, Germany, Market Drivers and Restraints
    • Solar PV Modules and Inverters, Germany, Market Size Analysis
      • Table Figure 56: Solar PV Modules Annual Market Capacity (MW), Germany, 2019–28
      • Table Solar PV Modules Annual Market Capacity (MW), Germany, 2019–28
      • Table Figure 57: Solar PV Modules Annual Market Value ($m), Germany, 2019–28
      • Table Solar PV Modules Annual Market Value ($m), Germany, 2019–28
      • Table Figure 58: Solar PV Inverters Annual Market Capacity (MW), Germany, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (MW), Germany, 2019–28
      • Table Figure 59: Solar PV Inverters Annual Market Value ($m), Germany, 2019–28
      • Table Solar PV Inverters Annual Market Value ($m), Germany, 2019–28
    • Solar PV Modules and Inverters, Germany, Deals
      • Table Solar PV Modules and Inverters, Germany, Deals
    • Solar PV Modules and Inverters, Germany, Tenders and Contracts
      • Table Solar PV Modules and Inverters, Germany, Recent Tenders and Contracts
    • Solar PV Modules and Inverters, Germany, Major Upcoming Solar PV Projects
      • Table Solar PV Modules and Inverters, Germany, Upcoming Solar PV Projects
  • Solar PV Modules and Inverters, Italy
    • Solar PV, Italy, Market Overview
      • Table Figure 60: Solar PV Modules and Inverters, Italy, Cumulative Installed Capacity by Fuel Sources (%), 2023 and 2028
    • Solar PV Modules and Inverters, Italy, Key Renewable Energy Policies and Initiatives
      • Table Policy Snapshot, Italy, 2023
      • Table Power Market, Italy, Primary Objectives on Energy and Climate, EU, and Italy, 2020 & 2030
      • Table Renewable Auction Results, Category A, Italy, 2019-2024
      • Table Renewable Auction Results, Category B and Category C, Italy, 2019–22
    • Solar PV Modules and Inverters, Italy, Market Drivers and Restraints
    • Solar PV Modules and Inverters, Italy, Market Size Analysis
      • Table Figure 61: Solar PV Modules Annual Market Capacity (MW), Italy, 2019–28
      • Table Solar PV Modules Annual Market Capacity (MW), Italy, 2019–28
      • Table Figure 62: Solar PV Modules Annual Market Value ($m), Italy, 2019–28
      • Table Solar PV Modules Annual Market Value ($m), Italy, 2019–28
      • Table Figure 63: Solar PV Inverters Annual Market Capacity (MW), Italy, 2019–28
      • Table Solar PV Inverters Annual Market Capacity (MW), Italy, 2019–28
      • Table Figure 64: Solar PV Inverters Annual Market Value ($m), Italy, 2019–28
      • Table Solar PV Inverters Annual Market Value ($m), Italy, 2019–28
    • Solar PV Modules and Inverters, Italy, Deals
      • Table Solar PV Modules and Inverters, Italy, Deals
    • Solar PV Modules and Inverters, Italy, Tenders and Contracts
      • Table Solar PV Modules and Inverters, Italy, Recent Tenders and Contracts
    • Solar PV Modules and Inverters, Italy, Major Upcoming Solar PV Projects
      • Table Solar PV Modules and Inverters, Italy, Upcoming Solar PV Projects
  • Appendix
    • Abbreviations
      • Table Solar PV Modules and Inverters, Abbreviations
    • Bibliography
    • Research Methodology
    • Research Methodology
  • Contact Us

$3,995
$7,990
$11,985

Research Assistance

US: 800.298.5699
Int'l: +1.240.747.3093
Live help
Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings