Global Solar Central Inverters Market 2024-2028
The solar central inverters market is forecasted to grow by USD 3675.6 mn during 2023-2028, accelerating at a CAGR of 14.99% during the forecast period. The report on the solar central 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 rising investment in renewables, rising demand for energy, and favorable government support.
Technavio's solar central inverters market is segmented as below:
By Application
- Utility
- Non-utility
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the solar central inverters market covers the following areas:
- Solar central inverters market sizing
- Solar central inverters market forecast
- Solar central inverters market industry analysis
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 research - both primary and secondary. 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 the accurate market growth.
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
- 2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
- Value Chain Analysis
- 3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- 4 Historic Market Size
- 4.1 Global Solar Central Inverters Market 2018 - 2022
- Historic Market Size - Data Table on Global Solar Central Inverters Market 2018 - 2022 ($ million)
- 4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
- 4.3 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.4 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
- 5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
- 6 Market Segmentation by Application
- 6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 6.3 Utility - Market size and forecast 2023-2028
- Chart on Utility - Market size and forecast 2023-2028 ($ million)
- Data Table on Utility - Market size and forecast 2023-2028 ($ million)
- Chart on Utility - Year-over-year growth 2023-2028 (%)
- Data Table on Utility - Year-over-year growth 2023-2028 (%)
- 6.4 Non-utility - Market size and forecast 2023-2028
- Chart on Non-utility - Market size and forecast 2023-2028 ($ million)
- Data Table on Non-utility - Market size and forecast 2023-2028 ($ million)
- Chart on Non-utility - Year-over-year growth 2023-2028 (%)
- Data Table on Non-utility - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
- 7 Customer Landscape
- 7.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 8 Geographic Landscape
- 8.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 8.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 8.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 8.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 8.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 8.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 8.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 8.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 8.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 8.10 Vietnam - Market size and forecast 2023-2028
- Chart on Vietnam - Market size and forecast 2023-2028 ($ million)
- Data Table on Vietnam - Market size and forecast 2023-2028 ($ million)
- Chart on Vietnam - Year-over-year growth 2023-2028 (%)
- Data Table on Vietnam - Year-over-year growth 2023-2028 (%)
- 8.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 8.12 Australia - Market size and forecast 2023-2028
- Chart on Australia - Market size and forecast 2023-2028 ($ million)
- Data Table on Australia - Market size and forecast 2023-2028 ($ million)
- Chart on Australia - Year-over-year growth 2023-2028 (%)
- Data Table on Australia - Year-over-year growth 2023-2028 (%)
- 8.13 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
- 9 Drivers, Challenges, and Opportunity/Restraints
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 9.4 Market opportunities/restraints
- 10 Competitive Landscape
- 10.1 Overview
- 10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 10.3 Landscape disruption
- Overview on factors of disruption
- 10.4 Industry risks
- Impact of key risks on business
- 11 Competitive Analysis
- 11.1 Companies profiled
- Companies covered
- 11.2 Market positioning of companies
- Matrix on companies position and classification
- 11.3 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
- 11.4 Delta Electronics Inc.
- Delta Electronics Inc. - Overview
- Delta Electronics Inc. - Business segments
- Delta Electronics Inc. - Key news
- Delta Electronics Inc. - Key offerings
- Delta Electronics Inc. - Segment focus
- 11.5 Eaton Corp. Plc
- Eaton Corp. Plc - Overview
- Eaton Corp. Plc - Business segments
- Eaton Corp. Plc - Key news
- Eaton Corp. Plc - Key offerings
- Eaton Corp. Plc - Segment focus
- 11.6 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- 11.7 Ingeteam Corp. S.A.
- Ingeteam Corp. S.A. - Overview
- Ingeteam Corp. S.A. - Product / Service
- Ingeteam Corp. S.A. - Key offerings
- 11.8 OCI Co. Ltd.
- OCI Co. Ltd. - Overview
- OCI Co. Ltd. - Business segments
- OCI Co. Ltd. - Key offerings
- OCI Co. Ltd. - Segment focus
- 11.9 Sineng Electric Co. Ltd.
- Sineng Electric Co. Ltd. - Overview
- Sineng Electric Co. Ltd. - Product / Service
- Sineng Electric Co. Ltd. - Key offerings
- 11.10 SMA Solar Technology AG
- SMA Solar Technology AG - Overview
- SMA Solar Technology AG - Business segments
- SMA Solar Technology AG - Key offerings
- SMA Solar Technology AG - Segment focus
- 11.11 Sungrow Power Supply Co. Ltd.
- Sungrow Power Supply Co. Ltd. - Overview
- Sungrow Power Supply Co. Ltd. - Product / Service
- Sungrow Power Supply Co. Ltd. - Key offerings
- 11.12 Zhejiang CHINT Electrics Co. Ltd.
- Zhejiang CHINT Electrics Co. Ltd. - Overview
- Zhejiang CHINT Electrics Co. Ltd. - Product / Service
- Zhejiang CHINT Electrics Co. Ltd. - Key offerings
- 12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 12.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 12.4 Research methodology
- Research methodology
- 12.5 Data procurement
- Information sources
- 12.6 Data validation
- Data validation
- 12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 12.8 Data synthesis
- Data synthesis
- 12.9 360 degree market analysis
- 360 degree market analysis
- 12.10 List of abbreviations
- List of abbreviations
- Exhibits:
- Exhibits1: Executive Summary - Chart on Market Overview
- Exhibits2: Executive Summary - Data Table on Market Overview
- Exhibits3: Executive Summary - Chart on Global Market Characteristics
- Exhibits4: Executive Summary - Chart on Market by Geography
- Exhibits5: Executive Summary - Chart on Market Segmentation by Application
- Exhibits6: Executive Summary - Chart on Incremental Growth
- Exhibits7: Executive Summary - Data Table on Incremental Growth
- Exhibits8: Executive Summary - Chart on Company Market Positioning
- Exhibits9: Parent Market
- Exhibits10: Data Table on - Parent Market
- Exhibits11: Market characteristics analysis
- Exhibits12: Value Chain Analysis
- Exhibits13: Offerings of companies included in the market definition
- Exhibits14: Market segments
- Exhibits15: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibits16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibits17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits19: Historic Market Size - Data Table on Global Solar Central Inverters Market 2018 - 2022 ($ million)
- Exhibits20: Historic Market Size - Application Segment 2018 - 2022 ($ million)
- Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
- Exhibits23: Five forces analysis - Comparison between 2023 and 2028
- Exhibits24: Bargaining power of buyers - Impact of key factors 2023 and 2028
- Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
- Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
- Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
- Exhibits29: Chart on Market condition - Five forces 2023 and 2028
- Exhibits30: Chart on Application - Market share 2023-2028 (%)
- Exhibits31: Data Table on Application - Market share 2023-2028 (%)
- Exhibits32: Chart on Comparison by Application
- Exhibits33: Data Table on Comparison by Application
- Exhibits34: Chart on Utility - Market size and forecast 2023-2028 ($ million)
- Exhibits35: Data Table on Utility - Market size and forecast 2023-2028 ($ million)
- Exhibits36: Chart on Utility - Year-over-year growth 2023-2028 (%)
- Exhibits37: Data Table on Utility - Year-over-year growth 2023-2028 (%)
- Exhibits38: Chart on Non-utility - Market size and forecast 2023-2028 ($ million)
- Exhibits39: Data Table on Non-utility - Market size and forecast 2023-2028 ($ million)
- Exhibits40: Chart on Non-utility - Year-over-year growth 2023-2028 (%)
- Exhibits41: Data Table on Non-utility - Year-over-year growth 2023-2028 (%)
- Exhibits42: Market opportunity by Application ($ million)
- Exhibits43: Data Table on Market opportunity by Application ($ million)
- Exhibits44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits45: Chart on Market share by geography 2023-2028 (%)
- Exhibits46: Data Table on Market share by geography 2023-2028 (%)
- Exhibits47: Chart on Geographic comparison
- Exhibits48: Data Table on Geographic comparison
- Exhibits49: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibits50: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibits51: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits52: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits53: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibits54: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibits55: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits56: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits57: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibits58: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibits59: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibits60: Data Table on North America - Year-over-year growth 2023-2028 (%)
- Exhibits61: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibits62: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibits63: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibits64: Data Table on South America - Year-over-year growth 2023-2028 (%)
- Exhibits65: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibits66: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibits67: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits68: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits69: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibits70: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibits71: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibits72: Data Table on US - Year-over-year growth 2023-2028 (%)
- Exhibits73: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibits74: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibits75: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibits76: Data Table on China - Year-over-year growth 2023-2028 (%)
- Exhibits77: Chart on Vietnam - Market size and forecast 2023-2028 ($ million)
- Exhibits78: Data Table on Vietnam - Market size and forecast 2023-2028 ($ million)
- Exhibits79: Chart on Vietnam - Year-over-year growth 2023-2028 (%)
- Exhibits80: Data Table on Vietnam - Year-over-year growth 2023-2028 (%)
- Exhibits81: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibits82: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibits83: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibits84: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Exhibits85: Chart on Australia - Market size and forecast 2023-2028 ($ million)
- Exhibits86: Data Table on Australia - Market size and forecast 2023-2028 ($ million)
- Exhibits87: Chart on Australia - Year-over-year growth 2023-2028 (%)
- Exhibits88: Data Table on Australia - Year-over-year growth 2023-2028 (%)
- Exhibits89: Market opportunity by geography ($ million)
- Exhibits90: Data Tables on Market opportunity by geography ($ million)
- Exhibits91: Impact of drivers and challenges in 2023 and 2028
- Exhibits92: Overview on criticality of inputs and factors of differentiation
- Exhibits93: Overview on factors of disruption
- Exhibits94: Impact of key risks on business
- Exhibits95: Companies covered
- Exhibits96: Matrix on companies position and classification
- Exhibits97: ABB Ltd. - Overview
- Exhibits98: ABB Ltd. - Business segments
- Exhibits99: ABB Ltd. - Key news
- Exhibits100: ABB Ltd. - Key offerings
- Exhibits101: ABB Ltd. - Segment focus
- Exhibits102: Delta Electronics Inc. - Overview
- Exhibits103: Delta Electronics Inc. - Business segments
- Exhibits104: Delta Electronics Inc. - Key news
- Exhibits105: Delta Electronics Inc. - Key offerings
- Exhibits106: Delta Electronics Inc. - Segment focus
- Exhibits107: Eaton Corp. Plc - Overview
- Exhibits108: Eaton Corp. Plc - Business segments
- Exhibits109: Eaton Corp. Plc - Key news
- Exhibits110: Eaton Corp. Plc - Key offerings
- Exhibits111: Eaton Corp. Plc - Segment focus
- Exhibits112: Hitachi Ltd. - Overview
- Exhibits113: Hitachi Ltd. - Business segments
- Exhibits114: Hitachi Ltd. - Key news
- Exhibits115: Hitachi Ltd. - Key offerings
- Exhibits116: Hitachi Ltd. - Segment focus
- Exhibits117: Ingeteam Corp. S.A. - Overview
- Exhibits118: Ingeteam Corp. S.A. - Product / Service
- Exhibits119: Ingeteam Corp. S.A. - Key offerings
- Exhibits120: OCI Co. Ltd. - Overview
- Exhibits121: OCI Co. Ltd. - Business segments
- Exhibits122: OCI Co. Ltd. - Key offerings
- Exhibits123: OCI Co. Ltd. - Segment focus
- Exhibits124: Sineng Electric Co. Ltd. - Overview
- Exhibits125: Sineng Electric Co. Ltd. - Product / Service
- Exhibits126: Sineng Electric Co. Ltd. - Key offerings
- Exhibits127: SMA Solar Technology AG - Overview
- Exhibits128: SMA Solar Technology AG - Business segments
- Exhibits129: SMA Solar Technology AG - Key offerings
- Exhibits130: SMA Solar Technology AG - Segment focus
- Exhibits131: Sungrow Power Supply Co. Ltd. - Overview
- Exhibits132: Sungrow Power Supply Co. Ltd. - Product / Service
- Exhibits133: Sungrow Power Supply Co. Ltd. - Key offerings
- Exhibits134: Zhejiang CHINT Electrics Co. Ltd. - Overview
- Exhibits135: Zhejiang CHINT Electrics Co. Ltd. - Product / Service
- Exhibits136: Zhejiang CHINT Electrics Co. Ltd. - Key offerings
- Exhibits137: Inclusions checklist
- Exhibits138: Exclusions checklist
- Exhibits139: Currency conversion rates for US$
- Exhibits140: Research methodology
- Exhibits141: Information sources
- Exhibits142: Data validation
- Exhibits143: Validation techniques employed for market sizing
- Exhibits144: Data synthesis
- Exhibits145: 360 degree market analysis
- Exhibits146: List of abbreviations
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