Inverter Market (Product Type: PV Inverter System and Battery Inverter; and Load: Single Phase Inverter and Three Phase Inverter) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Inverter Market (Product Type: PV Inverter System and Battery Inverter; and Load: Single Phase Inverter and Three Phase Inverter) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031


Inverter Market – Scope of Report

TMR’s report on the global inverter market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global inverter market for the period 2017–2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global inverter market from 2023 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the inverter market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global inverter market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global inverter market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global inverter market.

The report delves into the competitive landscape of the global inverter market. Key players operating in the global inverter market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global inverter market profiled in this report.

Key Questions Answered in Global Inverter Market Report
  • What is the sales/revenue generated by inverter across all regions during the forecast period?
  • What are the opportunities in the global inverter market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which regional market is set to expand at the fastest CAGR during the forecast period?
  • Which segment is expected to generate the highest revenue globally in 2031?
  • Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?
Inverter Market – Research Objectives and Research Approach

The comprehensive report on the global inverter market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global inverter market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global inverter market.


1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.3. Key Trends Analysis
5.3.1. Demand Side Analysis
5.3.2. Supply Side Analysis
5.4. Key Market Indicators
5.5. Porter’s Five Forces Analysis
5.6. Industry SWOT Analysis
5.7. Value Chain Analysis
5.8. Key Regulatory Framework
5.9. Global Inverter Market Analysis and Forecast, 2017 - 2031
5.9.1. Market Value Projections (US$ Bn)
5.9.2. Market Volume Projections (Units)
6. Global Inverter Market Analysis and Forecast, By Product Type
6.1. Inverter Market Size (US$ Bn and Units) Forecast, By Product Type, 2017 - 2031
6.1.1. PV Inverter System
6.1.1.1. Central Inverter
6.1.1.2. String Inverter
6.1.2. Battery Inverter
6.2. Incremental Opportunity, By Product Type
7. Global Inverter Market Analysis and Forecast, By Load
7.1. Inverter Market Size (US$ Bn and Units) Forecast, Load, 2017 - 2031
7.1.1. Single Phase Inverter
7.1.2. Three Phase Inverter
7.2. Incremental Opportunity, By Load
8. Global Inverter Market Analysis and Forecast, By Capacity
8.1. Inverter Market Size (US$ Bn and Units) Forecast, Capacity, 2017 - 2031
8.1.1. Up to 10kW
8.1.2. 10kW-15kW
8.1.3. 15kW-20kW
8.1.4. Above 20kW
8.2. Incremental Opportunity, By Capacity
9. Global Inverter Market Analysis and Forecast, By Installation
9.1. Inverter Market Size (US$ Bn and Units) Forecast, Installation, 2017 - 2031
9.1.1. Indoor
9.1.2. Outdoor
9.2. Incremental Opportunity, By Installation
10. Global Inverter Market Analysis and Forecast, By End-user
10.1. Inverter Market Size (US$ Bn and Units) Forecast, End User, 2017 - 2031
10.1.1. Residential
10.1.2. Commercial
10.1.2.1. Offices
10.1.2.2. Institutions
10.1.2.3. Malls
10.1.2.4. Theaters
10.1.2.5. Others
10.1.3. Industrial
10.1.3.1. Renewable Energy
10.1.3.2. Automotive
10.1.3.3. Food & Beverage
10.1.3.4. Others
10.2. Incremental Opportunity, By End-user
11. Global Inverter Market Analysis and Forecast, By Distribution Channel
11.1. Inverter Market Size (US$ Bn and Units) Forecast, Distribution Channel, 2017 - 2031
11.1.1. Direct Sales
11.1.2. Indirect Sales
11.2. Incremental Opportunity, By Distribution Channel
12. Global Inverter Market Analysis and Forecast, By Region
12.1. Inverter Market Size (US$ Bn and Units) Forecast, By Region, 2017 - 2031
12.1.1. North America
12.1.2. Europe
12.1.3. Asia Pacific
12.1.4. Middle East & Africa
12.1.5. South America
12.2. Incremental Opportunity, By Region
13. North America Inverter Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Macroeconomic Scenario
13.3. Key Brand Analysis
13.4. Price Trend Analysis
13.4.1. Weighted Average Price
13.5. Key Trends Analysis
13.5.1. Demand Side
13.5.2. Supplier Side
13.6. Inverter Market Size (US$ Bn and Units) Forecast, By Product Type, 2017 - 2031
13.6.1. PV Inverter System
13.6.1.1. Central Inverter
13.6.1.2. String Inverter
13.6.2. Battery Inverter
13.7. Inverter Market Size (US$ Bn and Units) Forecast, Load, 2017 - 2031
13.7.1. Single Phase Inverter
13.7.2. Three Phase Inverter
13.8. Inverter Market Size (US$ Bn and Units) Forecast, Capacity, 2017 - 2031
13.8.1. Up to 10kW
13.8.2. 10kW-15kW
13.8.3. 15kW-20kW
13.8.4. Above 20kW
13.9. Inverter Market Size (US$ Bn and Units) Forecast, Installation, 2017 - 2031
13.9.1. Indoor
13.9.2. Outdoor
13.10. Inverter Market Size (US$ Bn and Units) Forecast, End-user, 2017 - 2031
13.10.1. Residential
13.10.2. Commercial
13.10.2.1. Offices
13.10.2.2. Institutions
13.10.2.3. Malls
13.10.2.4. Theaters
13.10.2.5. Others
13.10.3. Industrial
13.10.3.1. Renewable Energy
13.10.3.2. Automotive
13.10.3.3. Food & Beverage
13.10.3.4. Others
13.11. Inverter Market Size (US$ Bn and Units) Forecast, Distribution Channel, 2017 - 2031
13.11.1. Direct Sales
13.11.2. Indirect Sales
13.12. Inverter Market Size (US$ Bn and Units) Forecast, By Country/Sub-region, 2017 - 2031
13.12.1. U.S
13.12.2. Canada
13.12.3. Rest of North America
13.13. Incremental Opportunity Analysis
14. Europe Inverter Market Analysis and Forecast
14.1. Regional Snapshot
14.2. Macroeconomic Scenario
14.3. Key Brand Analysis
14.4. Price Trend Analysis
14.4.1. Weighted Average Price
14.5. Key Trends Analysis
14.5.1. Demand Side
14.5.2. Supplier Side
14.6. Inverter Market Size (US$ Bn and Units) Forecast, By Product Type, 2017 - 2031
14.6.1. PV Inverter System
14.6.1.1. Central Inverter
14.6.1.2. String Inverter
14.6.2. Battery Inverter
14.7. Inverter Market Size (US$ Bn and Units) Forecast, Load, 2017 - 2031
14.7.1. Single Phase Inverter
14.7.2. Three Phase Inverter
14.8. Inverter Market Size (US$ Bn and Units) Forecast, Capacity, 2017 - 2031
14.8.1. Up to 10 kW
14.8.2. 10kW-15kW
14.8.3. 15kW-20kW
14.8.4. Above 20kW
14.9. Inverter Market Size (US$ Bn and Units) Forecast, Installation, 2017 - 2031
14.9.1. Indoor
14.9.2. Outdoor
14.10. Inverter Market Size (US$ Bn and Units) Forecast, End-user, 2017 - 2031
14.10.1. Residential
14.10.2. Commercial
14.10.2.1. Offices
14.10.2.2. Institutions
14.10.2.3. Malls
14.10.2.4. Theaters
14.10.2.5. Others
14.10.3. Industrial
14.10.3.1. Renewable Energy
14.10.3.2. Automotive
14.10.3.3. Food & Beverage
14.10.3.4. Others
14.11. Inverter Market Size (US$ Bn and Units) Forecast, Distribution Channel, 2017 - 2031
14.11.1. Direct Sales
14.11.2. Indirect Sales
14.12. Inverter Market Size (US$ Bn and Units) Forecast, By Country/Sub-region, 2017 - 2031
14.12.1. U.K
14.12.2. Germany
14.12.3. France
14.12.4. Rest of Europe
14.13. Incremental Opportunity Analysis
15. Asia Pacific Inverter Market Analysis and Forecast
15.1. Regional Snapshot
15.2. Macroeconomic Scenario
15.3. Key Brand Analysis
15.4. Key Trends Analysis
15.4.1. Demand Side
15.4.2. Supplier Side
15.5. Inverter Market Size (US$ Bn and Units) Forecast, By Product Type, 2017 - 2031
15.5.1. PV Inverter System
15.5.1.1. Central Inverter
15.5.1.2. String Inverter
15.5.2. Battery Inverter
15.6. Inverter Market Size (US$ Bn and Units) Forecast, Load, 2017 - 2031
15.6.1. Single Phase Inverter
15.6.2. Three Phase Inverter
15.7. Inverter Market Size (US$ Bn and Units) Forecast, Capacity, 2017 - 2031
15.7.1. Up to 10kW
15.7.2. 10kW-15 kW
15.7.3. 15kW-20kW
15.7.4. Above 20kW
15.8. Inverter Market Size (US$ Bn and Units) Forecast, Installation, 2017 - 2031
15.8.1. Indoor
15.8.2. Outdoor
15.9. Inverter Market Size (US$ Bn and Units) Forecast, End-user, 2017 - 2031
15.9.1. Residential
15.9.2. Commercial
15.9.2.1. Offices
15.9.2.2. Institutions
15.9.2.3. Malls
15.9.2.4. Theaters
15.9.2.5. Others
15.9.3. Industrial
15.9.3.1. Renewable Energy
15.9.3.2. Automotive
15.9.3.3. Food & Beverage
15.9.3.4. Others
15.10. Inverter Market Size (US$ Bn and Units) Forecast, Distribution Channel, 2017 - 2031
15.10.1. Direct Sales
15.10.2. Indirect Sales
15.11. Inverter Market Size (US$ Bn and Units) Forecast, By Country/Sub-region, 2017 - 2031
15.11.1. India
15.11.2. China
15.11.3. Japan
15.11.4. Rest of Asia Pacific
15.12. Incremental Opportunity Analysis
16. Middle East & Africa Inverter Market Analysis and Forecast
16.1. Regional Snapshot
16.2. Macroeconomic Scenario
16.3. Key Brand Analysis
16.4. Price Trend Analysis
16.4.1. Weighted Average Price
16.5. Key Trends Analysis
16.5.1. Demand Side
16.5.2. Supplier Side
16.6. Inverter Market Size (US$ Bn and Units) Forecast, By Product Type, 2017 - 2031
16.6.1. PV Inverter System
16.6.1.1. Central Inverter
16.6.1.2. String Inverter
16.6.2. Battery Inverter
16.7. Inverter Market Size (US$ Bn and Units) Forecast, Load, 2017 - 2031
16.7.1. Single Phase Inverter
16.7.2. Three Phase Inverter
16.8. Inverter Market Size (US$ Bn and Units) Forecast, Capacity, 2017 - 2031
16.8.1. Up to 10kW
16.8.2. 10kW-15kW
16.8.3. 15kW-20kW
16.8.4. Above 20kW
16.9. Inverter Market Size (US$ Bn and Units) Forecast, Installation, 2017 - 2031
16.9.1. Indoor
16.9.2. Outdoor
16.10. Inverter Market Size (US$ Bn and Units) Forecast, End-user, 2017 - 2031
16.10.1. Residential
16.10.2. Commercial
16.10.2.1. Offices
16.10.2.2. Institutions
16.10.2.3. Malls
16.10.2.4. Theaters
16.10.2.5. Others
16.10.3. Industrial
16.10.3.1. Renewable Energy
16.10.3.2. Automotive
16.10.3.3. Food & Beverage
16.10.3.4. Others
16.11. Inverter Market Size (US$ Bn and Units) Forecast, Distribution Channel, 2017 - 2031
16.11.1. Direct Sales
16.11.2. Indirect Sales
16.12. Inverter Market Size (US$ Bn and Units) Forecast, By Country/Sub-region, 2017 - 2031
16.12.1. GCC
16.12.2. South Africa
16.12.3. Rest of MEA
16.13. Incremental Opportunity Analysis
17. South America Inverter Market Analysis and Forecast
17.1. Regional Snapshot
17.2. Macroeconomic Scenario
17.3. Key Brand Analysis
17.4. Price Trend Analysis
17.4.1. Weighted Average Price
17.5. Key Trends Analysis
17.5.1. Demand Side
17.5.2. Supplier Side
17.6. Inverter Market Size (US$ Bn and Units) Forecast, By Product Type, 2017 - 2031
17.6.1. PV Inverter System
17.6.1.1. Central Inverter
17.6.1.2. String Inverter
17.6.2. Battery Inverter
17.7. Inverter Market Size (US$ Bn and Units) Forecast, Load, 2017 - 2031
17.7.1. Single Phase Inverter
17.7.2. Three Phase Inverter
17.8. Inverter Market Size (US$ Bn and Units) Forecast, Capacity, 2017 - 2031
17.8.1. Up to 10kW
17.8.2. 10kW-15kW
17.8.3. 15kW-20kW
17.8.4. Above 20kW
17.9. Inverter Market Size (US$ Bn and Units) Forecast, Installation, 2017 - 2031
17.9.1. Indoor
17.9.2. Outdoor
17.10. Inverter Market Size (US$ Bn and Units) Forecast, End-user, 2017 - 2031
17.10.1. Residential
17.10.2. Commercial
17.10.2.1. Offices
17.10.2.2. Institutions
17.10.2.3. Malls
17.10.2.4. Theaters
17.10.2.5. Others
17.10.3. Industrial
17.10.3.1. Renewable Energy
17.10.3.2. Automotive
17.10.3.3. Food & Beverage
17.10.3.4. Others
17.11. Inverter Market Size (US$ Bn and Units) Forecast, Distribution Channel, 2017 - 2031
17.11.1. Direct Sales
17.11.2. Indirect Sales
17.12. Inverter Market Size (US$ Bn and Units) Forecast, By Country/Sub-region, 2017 - 2031
17.12.1. Brazil
17.12.2. Rest of South America
17.13. Incremental Opportunity Analysis
18. Competition Landscape
18.1. Market Player - Competition Dashboard
18.2. Market Share Analysis (%), by Company, (2022)
18.3. Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
18.3.1. Delta Electronics, Inc.
18.3.1.1. Company Overview
18.3.1.2. Sales Area/Geographical Presence
18.3.1.3. Revenue
18.3.1.4. Strategy & Business Overview
18.3.2. Enphase Energy
18.3.2.1. Company Overview
18.3.2.2. Sales Area/Geographical Presence
18.3.2.3. Revenue
18.3.2.4. Strategy & Business Overview
18.3.3. Fronius International GmbH
18.3.3.1. Company Overview
18.3.3.2. Sales Area/Geographical Presence
18.3.3.3. Revenue
18.3.3.4. Strategy & Business Overview
18.3.4. General Electric Company
18.3.4.1. Company Overview
18.3.4.2. Sales Area/Geographical Presence
18.3.4.3. Revenue
18.3.4.4. Strategy & Business Overview
18.3.5. GoodWe
18.3.5.1. Company Overview
18.3.5.2. Sales Area/Geographical Presence
18.3.5.3. Revenue
18.3.5.4. Strategy & Business Overview
18.3.6. KACO new energy GmbH
18.3.6.1. Company Overview
18.3.6.2. Sales Area/Geographical Presence
18.3.6.3. Revenue
18.3.6.4. Strategy & Business Overview
18.3.7. Mitsubishi Electric Corporation
18.3.7.1. Company Overview
18.3.7.2. Sales Area/Geographical Presence
18.3.7.3. Revenue
18.3.7.4. Strategy & Business Overview
18.3.8. Schneider Electric
18.3.8.1. Company Overview
18.3.8.2. Sales Area/Geographical Presence
18.3.8.3. Revenue
18.3.8.4. Strategy & Business Overview
18.3.9. SolarEdge
18.3.9.1. Company Overview
18.3.9.2. Sales Area/Geographical Presence
18.3.9.3. Revenue
18.3.9.4. Strategy & Business Overview
18.3.10. TMEIC
18.3.10.1. Company Overview
18.3.10.2. Sales Area/Geographical Presence
18.3.10.3. Revenue
18.3.10.4. Strategy & Business Overview
19. Go to Market Strategy
19.1. Identification of Potential Market Spaces
19.1.1. By Product Type
19.1.2. By Load
19.1.3. By Capacity
19.1.4. By Installation
19.1.5. By End-user
19.1.6. By Distribution Channel
19.1.7. By Region
19.2. Preferred Sales & Marketing Strategy

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