Global Renewable Energy Inverters Market 2024-2028
Renewable Energy Inverters Market 2024-2028
The renewable energy inverters market is forecasted to grow by USD 8923.3 mn during 2023-2028, accelerating at a CAGR of 11.5% during the forecast period. The report on the renewable energy inverters market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by declining cost of solar and wind power generation, supportive government policies and regulations for renewable power generation, and shift toward evs in automotive industry.
Technavio's renewable energy inverters market is segmented as below:
By Application
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the advances in power electronics used in solar pv systems as one of the prime reasons driving the renewable energy inverters market growth during the next few years. Also, increasing adoption of microgrids and development of smart cities and zebs will lead to sizable demand in the market.
The report on the renewable energy inverters market covers the following areas:
- Renewable Energy Inverters Market sizing
- Renewable Energy Inverters Market forecast
- Renewable Energy Inverters Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading renewable energy inverters market vendors that include Eaton Corp plc, Elpower Srl, Enphase Energy Inc., Fimer SpA, Fronius International GmbH, General Electric Co., GoodWe Technologies Co. Ltd., Huawei Technologies Co. Ltd., Ingeteam Corp. S.A., KEB America Inc., Layer Electronics Srl, Panasonic Holdings Corp., Power Electronics Espana SLU, Schneider Electric SE, Siemens AG, Sineng Electric Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd., and TBEA Co. Ltd.. Also, the renewable energy inverters market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.