Global Grid-forming Inverter Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Grid-forming Inverter Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Grid-forming Inverter market size was valued at USD 47 million in 2022 and is forecast to a readjusted size of USD 64 million by 2029 with a CAGR of 4.6% during review period.

The grid-forming inverter market is experiencing significant growth and evolving rapidly due to the increasing demand for renewable energy integration, grid stability, and the transition towards a more decentralized and resilient power system. Here are some key trends in the grid-forming inverter market:Growing renewable energy penetration: The increasing adoption of renewable energy sources, such as solar and wind power, requires advanced grid-forming inverters to efficiently integrate these intermittent energy sources into the grid. Grid-forming inverters play a crucial role in maintaining grid stability and enabling a higher penetration of renewables.

The Global Info Research report includes an overview of the development of the Grid-forming Inverter industry chain, the market status of Solar Photovoltaic Power Station (100-300V, 300-500V), Wind Power Plant (100-300V, 300-500V), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Grid-forming Inverter.

Regionally, the report analyzes the Grid-forming Inverter markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Grid-forming Inverter market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Grid-forming Inverter market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Grid-forming Inverter industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., 100-300V, 300-500V).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Grid-forming Inverter market.

Regional Analysis: The report involves examining the Grid-forming Inverter market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Grid-forming Inverter market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Grid-forming Inverter:

Company Analysis: Report covers individual Grid-forming Inverter manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Grid-forming Inverter This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Solar Photovoltaic Power Station, Wind Power Plant).

Technology Analysis: Report covers specific technologies relevant to Grid-forming Inverter. It assesses the current state, advancements, and potential future developments in Grid-forming Inverter areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Grid-forming Inverter market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Grid-forming Inverter market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
100-300V
300-500V
Above 500V

Market segment by Application
Solar Photovoltaic Power Station
Wind Power Plant
Energy Storage System
Other

Major players covered
Huawei Technologies Co. Ltd
General Electric
Power Electronics
SMA Solar Technology
Games Electric
FIMER
Growatt NewEnergy
TBEA XingjiangSunoasis
Froniuslnternational
Goodwe
Schneider Electric
SolarEdge Technologres
Sungrow Power Supply
Delta Electronics
Enphase Energy
AltenergyPower System
SensataTechnologies
DelphiTechnologies
TMEIC
KACO New Energy

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Grid-forming Inverter product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Grid-forming Inverter, with price, sales, revenue and global market share of Grid-forming Inverter from 2018 to 2023.

Chapter 3, the Grid-forming Inverter competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Grid-forming Inverter breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Grid-forming Inverter market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Grid-forming Inverter.

Chapter 14 and 15, to describe Grid-forming Inverter sales channel, distributors, customers, research findings and conclusion.