PV Inverter Market - Global Outlook & Forecast 2023-2028

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THE GLOBAL PV INVERTER MARKET SIZE IS EXPECTED TO REACH USD 13.98 BILLION BY 2028 FROM USD 6.52 BILLION IN 2022, GROWING AT A CAGR OF 13.54% DURING THE FORECAST PERIOD.

The PV Inverter Market Size, Share, & Trends Analysis Report by

  • Product Type: String Inverter, Central Inverter, Micro Inverter, and Other Inverter
  • Phase Type: Three Phase and Single Phase
  • Connection Type: On-Grid and Off-Grid
  • Power Output: <0.5-33 Kw, 33-110 Kw, and >110 Kw
  • End User: Utilities, Commercial, Industrial, and Residential
  • Distribution Channel: Offline and Online
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2023–2028.

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PV INVERTER MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2028)USD 13.98 Billion
Market Size (2022)USD 6.52 Billion
CAGR (2022-2028)13.54%
BASE YEAR2022
FORECAST YEAR2023-2028
SEGMENTS BYProduct Type, Phase Type, Connection Type, Power Output, End User, Distribution Channel, and Geography
GEOGRAPHIC ANALYSISNorth America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSSMA Solar Technology AG, Sungrow, Siemens AG, Delta Electronics, INC, Solaredge technologies, Inc, and HUAWEI Technologies Co
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The global PV inverter market was valued at USD 6.52 billion in 2022 and is expected to reach USD 13.98 billion by 2028, growing at a CAGR of 13.54% during the forecast period. The growing number of solar power plants attached to the grid through an on-grid solar inverter favors market development. Also, expanding installations of off-grid solar panels in industrial, commercial, and residential sectors influence the PV inverter market value, generating vast demand for safe and reliable power source converters.

Buildings account for up to 24% of greenhouse gas discharges and over 40% of the primary electricity use worldwide. These numbers are growing YOY due to the rising world population and improving living standards. The global landscape will likely encounter energy shortages in the future, and negative climate changes are quite apparent. It has been recognized with sufficient evidence that the present energy generation system is not sustainable. There is a need to shift to renewable sources, such as solar energy, for clean and sustainable energy. Such factors support the growth of the market during the forecast period. Furthermore, renovations, infrastructural development, and remodeling of existing commercial and residential buildings will also support the PV Inverter market's growth.

KEY HIGHLIGHTS

  • In 2020, Sungrow Power Supply (Sungrow) surpassed Huawei to become the no.1 industry-leading player in the global PV inverter market (24% M/S based on shipment volume). The company targets an international industry share of 30% through overseas capacity expansions.
  • 2022 is the beginning of the inverter replacement cycle - New solar-powered PV capacity installations have expanded worldwide since 2015.
  • In 2022, according to the European Construction Industry Federation (FIEC), total investment in European construction was expected to increase by 2.4%, led by new home construction and civil engineering.
  • The US Department of Energy recommends reducing electricity usage by incorporating more energy-efficient PV inverters, which can significantly reduce the use of nonrenewable electricity for electrical appliances.
  • The US Department of Energy also estimates that a Photovoltaic inverter is up to 96% energy efficient. Implementing PV inverters in both residential and commercial buildings can largely facilitate the reduction of energy consumption and help in achieving the energy efficiency goals in the country.

KEY TRENDS & DRIVERS

Regulation on Energy Efficiency Driving PV Inverter Demand
As the global trend is shifting towards sustainability, governments worldwide are implementing regulations to reduce energy consumption and use it more efficiently across all stages of the energy chain, including generation, transmission, distribution, and end-use. Such policies drive consumers to shift toward renewable energy and reduce electricity consumption. The PV inverter market is pivotal in this era, where sustainable living and eco-friendly energy apply to most electrical appliances. The 2021 Europe commission introduced a new Energy Efficiency Directive to promote energy efficiency and achieve energy savings from climate change.

Growth of Green Building Activities
A Green building creates structures using environmentally sustainable and resource-efficient processes throughout the building's lifecycle, from siting to design, construction, operation, maintenance, renovation, and deconstruction. Green buildings are also known as sustainable and high-performance buildings and include factors like:

  • Efficiently reducing the use of energy, water, and other resources.
  • Protecting the health of the residents and improving the productivity of the employees.
  • Effectively reduce the wastage of electricity, water, pollution, and environmental degradation.

Solar panels are an effective way for a building to meet its sustainability standards. These PV power panels can provide abundant eco-friendly energy resources, reducing or eliminating the need for electric consumption.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT TYPE
PV inverters are available in various types and designs. The global PV inverter market product type includes string, central, micro, and others, and in 2022, string inverters accounted for most of the global PV inverter market share. Unlike traditional inverters, string inverters are easier to install and less costly. They are directly connected to the grid and mostly do not have the facility of battery back-up the interiors in a smart and sophisticated way. Further, string-type inverters are highly suitable for commercial and residential sectors, encompassing small utility installations that usually fall under 1 MW. String inverters are best for homeowners looking for lower-cost PV systems or properties with uncomplicated roofs and consistent renewable electricity throughout the day.

INSIGHTS BY PHASE TYPE
Inverters are utilized in solar systems to transform DC power from solar panels into AC power. They can produce three-phase or single-phase output. Residential users usually utilize single-phase power supply. The three-phase power supply is usually used for industrial locations as three-phase can transfer more power and power large equipment like heaters, machines, electric car chargers, etc. The global three-PV inverter market holds the largest market share and is projected to continue the trend during the forecast period. Using a three-phase inverter, the end user can provide extra electricity back to the grid, and having three lines also allows users to pull more power from the grid. This helps with heated pulls, larger AC units, and other high-consumption needs. Therefore, high-end commercial building highly attracts to the three-phase PV inverter market.

INSIGHTS BY CONNECTION TYPE
The global PV inverter market by grid type can be categorized as on-grid and off-grid. The global on-grid PV inverter market size crossed USD 5.1 billion in 2022. The on-grid solar inverter is a conversant part of the on-grid solar system. It performs the critical task of converting the Direct Current (DC) to Alternating Current (AC). The major advantages of the on-grid solar inverter are Energy Conversion, Ensuring System Safety, Grid Assistance, Tracking Power Production, and many more.

INSIGHTS BY POWER OUTPUT TYPE
Many PV inverters are available in the market, but the devices are classified based on three power output ranges, starting at  ( ( (<0.5-33) Kw power output type held the largest global PV inverter market share.

INSIGHTS BY END-USER
The utility end-user segment dominated the global PV inverter market in 2022. Solar power equipment and technologies are progressively making their way into the power generation, transmission, and distribution industry to increase the efficiency, productivity, and safety associated with power plants. With the help of solar electric power source digital technologies such as sensors, smart grids, and smart meters, the company and the customer have real-time and more accurate accounts of power usage. Further, although the construction and expansion of utility plants will drive the PV inverter market, most demand will be generated from house renovation. Modern house decors demand improved aesthetics, driving the demand for products such as PV inverters.

INSIGHTS BY DISTRIBUTION CHANNEL
The offline distribution channel dominated the global PV inverter market in 2022, and the segment is expected to witness an incremental growth of over USD 1.76 billion during the forecast period. Factors such as the broad reach in areas that lack better connectivity and brand loyalty, along with the quality of products, are driving the growth of this segment. Although the online channel holds a relatively lower share of the global PV inverter market, it is expected to grow at a higher CAGR during the forecast period. The proliferation of e-commerce and raising awareness of the benefits of online purchases, such as heavy discounts, occasional offers, and rising demand for convenience, is driving the growth of the online segment.

GEOGRAPHICAL ANALYSIS

APAC dominated the global PV inverter market, with over 46% share in 2022. India, China, Australia, South Korea, and Japan mainly drive the region’s market growth. Strong economic growth coupled with rising construction activities and increasing disposable income has primarily supported the market growth in the region. The China market is witnessing a spurt in multiple real estate projects and public-private investments in various residential, industrial, and commercial development zones because of the boom in urbanization.

Installations in new construction activities and renovations mainly support the growth of the PV inverter market in North America. The US depends on solar for 3.9% of its energy, although this share is rising rapidly yearly. In mature markets, such as North America and Europe, the growth is mainly driven by product innovations introduced by the key players. The growth of infrastructural construction projects is set to speed up significantly post-2021. These infrastructural projects in Europe are estimated to reach a total investment of about USD 14.8 trillion. They are expected to be completed by 2040, creating a massive demand for PV inverters at these European locations.

COMPETITIVE LANDSCAPE

The global PV inverter market is highly competitive, with the presence of a large number of private and public companies. These vendors typically compete on a key range of product design, reliability, quality, support services, and price. The instant technological advancements adversely impact the industry vendors as consumers anticipate the continuous innovations and upgrades of products. The present scenario drives vendors to alter and enhance their unique value proposition to achieve a strong industry presence.

Some major vendors dominating the global PV inverter market include SMA Solar Technology AG, HUAWEI Technologies Co., LTD., and Delta Electronics, Inc. These brands have various product portfolios with a widespread presence in the global industry. Due to the highly competitive market, R&D investments in the PV inverter market are limited and have substantial investments, mainly from large vendors. Moreover, the short time-to-market and little acceptance of new technologies add to market challenges for PV inverter vendors. R&D investments are more focused on cost reduction of the production process and improvement of the existing product technology for value addition than the development of new products.

Frequently Asked Questions

How big is the PV inverter market?

The global PV inverter market size was valued at USD 6.52 billion in 2022 and is expected to reach USD 13.98 billion by 2028.

What is the growth rate of the global PV inverter market?

The global PV inverter market is expected to grow at a CAGR of 13.54% from 2022 to 2028.

Who are the key players in the global PV inverter market?

SMA Solar Technology AG, Sungrow, Siemens AG, Delta Electronics, INC, Solaredge Technologies, Inc, and HUAWEI Technologies Co are the key players in the global PV Inverter market.

What are the significant trends in the PV inverter market?

Regulation on energy efficiency driving PV inverter demand, advancement of PV inverters in smart homes, and airport modernization are significant trends in the PV inverter market.

Which region dominates the global PV inverter market share?

APAC globally held the most substantial PV inverter market share, accounting for over 46% in 2022.

The PV inverter market is expected to grow at a CAGR of approximately 13.54% from 2022 to 2028.

The following factors are likely to contribute to the growth of the PV inverter market during the forecast period:

  • The Growth of Green Building Activities
  • Incorporation of Photovoltaic in Rooftop
  • Sustainability Reshaping Global Construction Market

Base Year: 2022

Forecast Year: 2023-2028

The report considers the present scenario of the PV inverter market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Company Profiles

  • SMA Solar Technology AG
    • Business Overview
    • Product Offerings
    • Key Strengths
    • Key Strategies
    • Key Opportunities
  • Sungrow
  • Siemens AG
  • Delta Electronics, INC
  • Solaredge technologies, Inc
  • HUAWEI Technologies Co

Other Prominent Vendors

  • Fimer Group
    • Business Overview
    • Product Offerings
  • Emerson Electric Co
  • GINLONG Technologies
  • Power Electronics S.L
  • HITACHI HI-REL Power Electronics PVT. LTD
  • Bosch
  • SunPower Corporation
  • Samsung
  • Johnson Controls
  • Panasonic
  • Fronius International GMBH
  • Lennox
  • TSI Incorporated
  • Enertronica Santerno SpA

Segmentation by Product Type

  • String Inverter
  • Central Inverter
  • Micro Inverter
  • Other Inverter

Segmentation by Phase Type

  • Three Phase
  • Single Phase

Segmentation by Connection Type

  • On-Grid
  • Off-Grid

Segmentation by Power Output

  • 33-110 Kw
  • >110 Kw

Segmentation by End User

  • Utilities
  • Commercial
  • Industrial
  • Residential

Segmentation by Distribution Channel

  • Offline
  • Online

Segmentation by Geography

  • APAC
    • China
    • India
    • Japan
    • Australia
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • Spain
    • France
    • Italy
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Saudi Africa
  • Latin America
    • Brazil
    • Mexico
    • Argentina

EXHIBIT 1 GLOBAL PV INVERTER MARKET: SEGMENTATION

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2022

EXHIBIT 3 GLOBAL NEW INSTALLED GLOBAL SOLAR PV CAPACITY 2020-2024 (GW)

EXHIBIT 4 FACTORS ATTRACTING ONGOING GREEN ENERGY TRANSFORMATION IN 2050

EXHIBIT 5 MAJOR HIGHLIGHTS OF PV MARKET 2022

EXHIBIT 6 TOP TEN EUROPEAN COUNTRIES PV MARKETS IN 2022 (GIGAWATTS - GW)

EXHIBIT 7 GLOBAL HOTEL CONSTRUCTION INSIGHTS 2021

EXHIBIT 8 ADVANTAGES OF REPOWEREU PLAN

EXHIBIT 9 VALUE CHAIN ANALYSIS OF PV INVERTER SYSTEMS MARKET

EXHIBIT 10 IMPACT OF REGULATION ON ENERGY EFFICIENCY DRIVING PV INVERTER DEMAND

EXHIBIT 11 US PERCENTAGE SHARE OF TOTAL ELECTRICITY RETAIL SALES AND RETAIL SALES OF ELECTRICITY IN MAJOR CONSUMING SECTORS (2021)

EXHIBIT 12 OVERALL GLOBAL ENERGY CONSUMPTION LEVEL (2021)

EXHIBIT 13 IMPACT OF ADVANCES OF PV INVERTERS IN SMART HOMES

EXHIBIT 14 ADVANTAGES OF SMART PV INVERTERS TECHNOLOGIES (2022)

EXHIBIT 15 IMPACT OF AIRPORT MODERNIZATION

EXHIBIT 16 AIRPORT COUNCIL INTERNATIONAL GLOBAL PASSENGER TRAFFIC PROJECTIONS BY BILLION 2020 - 2025

EXHIBIT 17 EUROPE COUNTRIES PASSENGER TRAFFIC GROWTH IN MARCH 2022 (YOY)

EXHIBIT 18 IMPACT OF GROWTH OF GREEN BUILDING ACTIVITIES

EXHIBIT 19 ACCORDING TO IEA HIGHEST LEVEL OF SOLAR ENERGY CONSUMPTION BY COUNTRIES IN 2022(GW)

EXHIBIT 20 IMPACT OF INCORPORATION OF PHOTOVOLTAIC IN ROOFTOP

EXHIBIT 21 BENEFITS OF PHOTOVOLTAIC PV INVERTER

EXHIBIT 22 IMPACT OF SUSTAINABILITY RESHAPING GLOBAL CONSTRUCTION MARKET

EXHIBIT 23 TOP FIVE COUNTRIES WITH HIGHEST SUSTAINABLE CONSTRUCTION ACTIVITIES AND GLOBAL AVERAGE BY SECTORS SHARES (2021)

EXHIBIT 24 IMPACT OF INCORPORATION OF ON-SITE PHOTOVOLTAIC SOLAR POWER FOR THE DATA CENTERS MARKET

EXHIBIT 25 ADVANTAGES OF SOLAR POWER IN DATA CENTERS

EXHIBIT 26 IMPACT OF HIGH COST OF INSTALLATION SOLAR PANELS HAMMER DEMAND FOR PV INVERTER

EXHIBIT 27 IMPACT OF RAW MATERIAL PRICE VOLATILITY

EXHIBIT 28 IMPACT OF INCREASED COMPETITION FROM CHINESE VENDORS

EXHIBIT 29 CHANGES IN BUILDINGS IN RESPONSE TO COVID-19 (2021)

EXHIBIT 30 GLOBAL PV INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 31 FIVE FORCES ANALYSIS 2022

EXHIBIT 32 INCREMENTAL GROWTH BY PRODUCT TYPE 2022 & 2028(VALUE)

EXHIBIT 33 ROLE OF SOLAR INVERTERS IN SOLAR PV SYSTEMS

EXHIBIT 34 GLOBAL PV INVERTER MARKET BY PRODUCT TYPE MARKET SHARE 2022 (%)

EXHIBIT 35 ADVANTAGES OF STRING INVERTERS

EXHIBIT 36 GLOBAL STRING INVERTERS MARKET 2022–2028 ($ MILLION)

EXHIBIT 37 ADVANTAGE OF CENTRAL INVERTER

EXHIBIT 38 GLOBAL CENTRAL INVERTERS MARKET 2022–2028 ($ MILLION)

EXHIBIT 39 ADVANTAGES OF MICRO INVERTER

EXHIBIT 40 GLOBAL MICRO INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 41 ADVANTAGES OF HYBRID PV INVERTERS

EXHIBIT 42 GLOBAL OTHER INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 43 INCREMENTAL GROWTH BY PHASE TYPE 2022 & 2028(VALUE)

EXHIBIT 44 GLOBAL PV INVERTER MARKET BY PHASE TYPE MARKET SHARE 2022 (%)

EXHIBIT 45 GLOBAL THREE-PHASE INVERTERS MARKET 2022–2028 ($ MILLION)

EXHIBIT 46 GLOBAL SINGLE PHASE INVERTERS MARKET 2022–2028 ($ MILLION)

EXHIBIT 47 INCREMENTAL GROWTH BY CONNECTION TYPE 2022 & 2028(VALUE)

EXHIBIT 48 GLOBAL PV INVERTER MARKET BY CONNECTION TYPE MARKET SHARE 2022 (%)

EXHIBIT 49 GLOBAL ON GRID SOLAR PV INVERTERS MARKET 2022–2028 ($ MILLION)

EXHIBIT 50 GLOBAL OFF-GRID INVERTERS MARKET 2022–2028 ($ MILLION)

EXHIBIT 51 INCREMENTAL GROWTH BY POWER OUTPUT TYPE 2022 & 2028(VALUE)

EXHIBIT 52 GLOBAL PV INVERTER MARKET SHARE BY POWER OUTPUT TYPE MARKET SHARE 2022 (%)

EXHIBIT 53 GLOBAL PV INVERTER <0.5-33 KW POWER OUTPUT MARKET 2022 (% SHARE)

EXHIBIT 54 GLOBAL <0.5-33 KW POWER OUTPUT MARKET 2022–2028 ($ MILLION)

EXHIBIT 55 GLOBAL PV INVERTER 33-110 KW POWER OUTPUT MARKET 2022 (% SHARE)

EXHIBIT 56 GLOBAL 33-110 KW POWER OUTPUT MARKET 2022–2028 ($ MILLION)

EXHIBIT 57 GLOBAL PV INVERTER >110 KW POWER OUTPUT MARKET 2022 (% SHARE)

EXHIBIT 58 GLOBAL >110KW POWER OUTPUT MARKET 2022–2028 ($ MILLION)

EXHIBIT 59 INCREMENTAL GROWTH BY END-USER 2022 & 2028

EXHIBIT 60 GLOBAL RESIDENTIAL PV INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 61 GLOBAL COMMERCIAL PV INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 62 NUMBER OF NUCLEAR REACTORS CONSTRUCTION PROJECTS STAGES

EXHIBIT 63 GLOBAL INDUSTRIAL PV INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 64 GLOBAL RESIDENTIAL PV INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 65 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2022 & 2028

EXHIBIT 66 CLASSIFICATION OF PV INVERTER SYSTEMS MARKET BY DISTRIBUTION CHANNEL

EXHIBIT 67 GLOBAL PV INVERTER MARKET BY OFFLINE 2022–2028 ($ MILLION)

EXHIBIT 68 CLASSIFICATION OF ONLINE DISTRIBUTION CHANNELS

EXHIBIT 69 GLOBAL PV INVERT MARKET BY ONLINE 2022–2028 ($ MILLION)

EXHIBIT 70 INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028 (VALUE)

EXHIBIT 71 TOP COUNTRIES SOLAR POWER SHARE 2021

EXHIBIT 72 VALUE OF CONSTRUCTION ACTIVITIES IN EUROPE IN 2020 ($ BILLION)

EXHIBIT 73 APAC SOLAR PV CAPACITY 2020-2021 (GW - GIGAWATT)

EXHIBIT 74 PV INVERTER MARKET IN APAC 2022–2028 ($ MILLION)

EXHIBIT 75 INCREMENTAL GROWTH IN APAC 2022 & 2028

EXHIBIT 76 PV INVERTER MARKET IN CHINA 2022–2028 ($ MILLION)

EXHIBIT 77 LARGEST CONSTRUCTION PROJECTS INITIATED IN INDIA

EXHIBIT 78 PV INVERTER MARKET IN INDIA 2022–2028 ($ MILLION)

EXHIBIT 79 PV INVERTER MARKET IN JAPAN 2022–2028 ($MILLION)

EXHIBIT 80 OFFICE BUILDING CONSTRUCTION PROJECTS 2022

EXHIBIT 81 PV INVERTER MARKET IN AUSTRALIA 2022–2028 ($ MILLION)

EXHIBIT 82 PV INVERTER MARKET IN NORTH AMERICA 2022–2028 ($MILLION)

EXHIBIT 83 INCREMENTAL GROWTH BY NORTH AMERICA 2022 & 2028 (VALUE)

EXHIBIT 84 US FORECAST GROWTH OF NON-RESIDENTIAL CONSTRUCTION BY TYPE 2022

EXHIBIT 85 US PV INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 86 INVESTMENT IN NON-RESIDENTIAL BUILDING CONSTRUCTION JUNE 2022 ($ MILLION)

EXHIBIT 87 PV INVERTER MARKET IN CANADA 2022–2028 ($ MILLION)

EXHIBIT 88 PV INVERTER MARKET IN EUROPE 2022–2028 ($ MILLION)

EXHIBIT 89 INCREMENTAL GROWTH BY EUROPE 2022 & 2028 (VALUE)

EXHIBIT 90 PV INVERTER MARKET IN GERMANY 2022–2028 ($ MILLION)

EXHIBIT 91 FIVE HEALTHCARE BUILDING CONSTRUCTION PROJECTS 2022

EXHIBIT 92 PV INVERTER MARKET IN FRANCE 2022–2028 ($ MILLION)

EXHIBIT 93 UK PV INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 94 ITALY: FIVE LARGEST COMMERCIAL CONSTRUCTION PROJECTS STARTED IN Q1 2022 ($MN)

EXHIBIT 95 PV INVERTER MARKET IN ITALY 2022–2028 ($ MILLION)

EXHIBIT 96 AVERAGE EXPENSE FOR CONSTRUCTION OF RESIDENTIAL HOUSING IN 2021($ THOUSAND))

EXHIBIT 97 PV INVERTER MARKET IN SPAIN 2022–2028 ($ MILLION)

EXHIBIT 98 PV INVERTER MARKET IN MEA 2022–2028 ($ MILLION)

EXHIBIT 99 INCREMENTAL GROWTH IN MEA 2022 & 2028

EXHIBIT 100 SAUDI ARABIAN AVIATION CONSTRUCTION PROJECTS 2022

EXHIBIT 101 PV INVERTER MARKET IN SAUDI ARABIA 2022–2028 ($ MILLION)

EXHIBIT 102 UAE RESIDENTIAL SECTOR OUTLOOK (2021)

EXHIBIT 103 UAE OFFICE SPACE OUTLOOK (2021)

EXHIBIT 104 UAE PV INVERTER MARKET 2022–2028 ($ MILLION)

EXHIBIT 105 PV INVERTER MARKET IN SOUTH AFRICA 2022–2028 ($ MILLION)

EXHIBIT 106 VALUE OF CONSTRUCTION INDUSTRY IN LATIN AMERICAN 2022 ($ BN)

EXHIBIT 107 PV INVERTER MARKET IN LATIN AMERICA 2022–2028 ($ MILLION)

EXHIBIT 108 INCREMENTAL GROWTH IN LATIN AMERICA 2022 & 2028

EXHIBIT 109 LARGEST CONSTRUCTION PROJECTS INITIATED IN BRAZIL

EXHIBIT 110 PV INVERTER MARKET IN BRAZIL 2022–2028 ($ MILLION)

EXHIBIT 111 MEXICO CONSTRUCTION OUTLOOK 2020–2022 (% CHANGE YOY)

EXHIBIT 112 PV INVERTER MARKET IN MEXICO 2022–2028 ($ MILLION)

EXHIBIT 113 PV INVERTER MARKET IN ARGENTINA 2022–2028 ($ MILLION)

EXHIBIT 114 KEY VENDORS MARKET POSITION (2022)

EXHIBIT 115 KEY VENDORS MARKET VALUE (2022)

EXHIBIT 116 SMA SOLAR TECHNOLOGY AG: FINANCIAL HIGHLIGHTS (2021 – 2022)

EXHIBIT 117 SIEMENS AG: FINANCIAL HIGHLIGHTS (2021 – 2022)

EXHIBIT 118 DELTA ELECTRONICS, INC: PRODUCTION HIGHLIGHTS (2021)

EXHIBIT 119 DELTA ELECTRONICS, INC: CONSOLIDATED WORLDWIDE SALES REVENUE ($ BN)

EXHIBIT 120 SOLAREDGE TECHNOLOGIES, INC: FINANCIAL HIGHLIGHTS (2021 – 2022)

EXHIBIT 121 HUAWEI TECHNOLOGIES CO: FINANCIAL HIGHLIGHTS (2021 – 2022)

EXHIBIT 122 EMERSON ELECTRIC CO: REVENUE PROFILE SHARES PERCENTAGE (2021 – 2022)

 

LIST OF TABLES

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2015−2022

TABLE 3 SOLAR PV MARKET PARAMETERS WITH VARIOUS ATTRACTING FACTORS

TABLE 4 ASIA PACIFIC FIVE LARGEST PV-POWERED AIRPORT INFRASTRUCTURE CONSTRUCTION STARTED IN 2021 ($ MILLION)

TABLE 5 GLOBAL PHOTOVOLTAIC BUILDING PROJECTS (2022)

TABLE 6 AVERAGE COST OF SOLAR PANELS INSTALLATION (2022)

TABLE 7 SOLAR PANEL COSTS AND PRICING ESTIMATES BY STATE (2022)

TABLE 8 INSTALLATION COST OF PV INVERTER (2022)

TABLE 9 PRICES OF FEW CHINESE BRANDS OF PV INVERTER (2021)

TABLE 10 GLOBAL PV INVERTER MARKET BY PRODUCT TYPE 2022–2028 ($ MILLION)

TABLE 11 GLOBAL PV INVERTER MARKET BY PHASE TYPE 2022–2028 ($ MILLION)

TABLE 12 GLOBAL PV INVERTER MARKET BY CONNECTION TYPE 2022–2028 ($ MILLION)

TABLE 13 ADVANTAGES AND DISADVANTAGES OF OFF-GRID PV INVERTERS

TABLE 14 GLOBAL PV INVERTER MARKET BY POWER OUTPUT TYPE 2022–2028 ($ MILLION)

TABLE 15 GLOBAL PV INVERTER MARKET BY END-USER 2022–2028 ($ MILLION)

TABLE 16 ASIA PACIFIC’S FIVE LARGEST SOLAR ENERGY CONSTRUCTION PROJECTS IN 2022 ($ MILLION)

TABLE 17 EUROPE UPCOMING SOLAR UTILITY POWER PLANTS PROJECTS

TABLE 18 NUMBER OF COMMERCIAL CONSTRUCTION PROJECTS INITIATED IN CHINA (2022)

TABLE 19 ASIA PACIFIC’S FIVE LARGEST HOTEL CONSTRUCTION PROJECTS IN 2022 ($ MILLION)

TABLE 20 US CONSTRUCTION OFFICE BUILDING CONSTRUCTION PROJECTS 2022 ($ MILLION)

TABLE 21 ASIA PACIFIC FIVE LARGEST AIRPORT INFRASTRUCTURE CONSTRUCTION IN 2021 ($ MILLION)

TABLE 22 FIVE LARGEST HOSPITAL CONSTRUCTION PROJECTS IN NORTH AMERICA IN 2022 ($ MILLION)

TABLE 23 GAS CHEMICAL COMPLEX CONSTRUCTION PROJECTS IN 2022 ($BILLION)

TABLE 24 US RESIDENTIAL CONSTRUCTION DATA (2022)

TABLE 25 US RESIDENTIAL CONSTRUCTION PROJECTS (2021-2022)

TABLE 26 MULTI-FAMILY HOUSING CONSTRUCTION PROJECTS IN EUROPE (2022)

TABLE 27 HOUSING CONSTRUCTION PROJECTS IN APAC (2022)

TABLE 28 PV INVERTER SYSTEMS MARKET BY DISTRIBUTION CHANNEL 2022–2028 ($ MILLION)

TABLE 29 TOP CITIES OFFICE BUILDING CONSTRUCTION PROJECTS IN APAC 2021 ($ MILLION)

TABLE 30 TOP COUNTRIES MULTI-FAMILY HOUSING CONSTRUCTION PROJECTS ($ MILLION)

TABLE 31 PV INVERTER MARKET BY PRODUCT TYPE IN APAC 2022−2028 ($ MILLION)

TABLE 32 PV INVERTER MARKET BY POWER OUTPUT IN APAC 2022−2028 ($ MILLION)

TABLE 33 PV INVERTER MARKET BY PHASE TYPE IN APAC 2022−2028 ($ MILLION)

TABLE 34 PV INVERTER MARKET BY CONNECTION TYPE IN APAC 2022−2028 ($ MILLION)

TABLE 35 PV INVERTER MARKET BY END-USER IN APAC 2022−2028 ($ MILLION)

TABLE 36 PV INVERTER MARKET BY DISTRIBUTION CHANNEL IN APAC 2022−2028 ($ MILLION)

TABLE 37 FIVE LARGEST CONSTRUCTION PROJECTS INITIATED IN CHINA.

TABLE 38 BUILDING APPROVALS AUSTRALIA IN UNITS 2022

TABLE 39 PV INVERTER MARKET BY PRODUCT TYPE IN NORTH AMERICA 2022−2028 ($MILLION)

TABLE 40 PV INVERTER MARKET BY POWER OUTPUT IN NORTH AMERICA 2022−2028 ($ MILLION)

TABLE 41 PV INVERTER MARKET BY PHASE TYPE IN NORTH AMERICA 2022−2028 ($ MILLION)

TABLE 42 PV INVERTER MARKET BY CONNECTION TYPE IN NORTH AMERICA 2022−2028 ($ MILLION)

TABLE 43 PV INVERTER MARKET BY END-USER IN NORTH AMERICA 2022−2028 ($ MILLION)

TABLE 44 PV INVERTER MARKET BY DISTRIBUTION CHANNEL IN NORTH AMERICA 2022−2028 ($ MILLION)

TABLE 45 PRIVATE & GOVERNMENT OFFICE BUILDING CONSTRUCTION PROJECTS 2022

TABLE 46 EUROPE RETAIL BUILDING CONSTRUCTION PROJECTS 2022

TABLE 47 PV INVERTER MARKET BY PRODUCT TYPE IN EUROPE 2022−2028 ($MILLION)

TABLE 48 PV INVERTER MARKET BY POWER OUTPUT IN EUROPE 2022−2028 ($ MILLION)

TABLE 49 PV INVERTER MARKET BY PHASE TYPE IN EUROPE 2022−2028 ($ MILLION)

TABLE 50 PV INVERTER MARKET BY CONNECTION TYPE IN EUROPE 2022−2028 ($ MILLION)

TABLE 51 PV INVERTER MARKET BY END-USER IN EUROPE 2022−2028 ($ MILLION)

TABLE 52 PV INVERTER MARKET BY DISTRIBUTION CHANNEL IN EUROPE 2022−2028 ($ MILLION)

TABLE 53 FIVE RESIDENTIAL AND COMMERCIAL CONSTRUCTION PROJECTS 2022

TABLE 54 UK NEW HOTEL PROJECTS 2022–2023

TABLE 55 UK AVERAGE SOLAR PANEL COSTS AND SAVINGS (2023)

TABLE 56 PV INVERTER MARKET BY PRODUCT TYPE IN MEA 2022−2028 ($MILLION)

TABLE 57 PV INVERTER MARKET BY POWER OUTPUT IN MEA 2022−2028 ($ MILLION)

TABLE 58 PV INVERTER MARKET BY PHASE TYPE IN MEA 2022−2028 ($ MILLION)

TABLE 59 PV INVERTER MARKET BY CONNECTION TYPE IN MEA 2022−2028 ($ MILLION)

TABLE 60 PV INVERTER MARKET BY END-USER IN MEA 2022−2028 ($ MILLION)

TABLE 61 PV INVERTER MARKET BY DISTRIBUTION CHANNEL IN MEA 2022−2028 ($ MILLION)

TABLE 62 PV INVERTER MARKET BY PRODUCT TYPE IN LATIN AMERICA 2022−2028 ($MILLION)

TABLE 63 PV INVERTER MARKET BY POWER OUTPUT IN LATIN AMERICA 2022−2028 ($ MILLION)

TABLE 64 PV INVERTER MARKET BY PHASE TYPE IN LATIN AMERICA 2022−2028 ($ MILLION)

TABLE 65 PV INVERTER MARKET BY CONNECTION TYPE IN LATIN AMERICA 2022−2028 ($ MILLION)

TABLE 66 PV INVERTER MARKET BY END-USER IN LATIN AMERICA 2022−2028 ($ MILLION)

TABLE 67 PV INVERTER MARKET BY DISTRIBUTION CHANNEL IN LATIN AMERICA 2022−2028 ($ MILLION)

TABLE 68 SMA SOLAR TECHNOLOGY AG: MAJOR PRODUCT OFFERINGS

TABLE 69 SUNGROW CO: MAJOR PRODUCT OFFERINGS

TABLE 70 SIEMENS AG: MAJOR PRODUCT OFFERINGS

TABLE 71 DELTA ELECTRONICS, INC: MAJOR PRODUCT OFFERINGS

TABLE 72 SOLAREDGE TECHNOLOGIES, INC: MAJOR PRODUCT OFFERINGS

TABLE 73 HUAWEI TECHNOLOGIES CO: MAJOR PRODUCT OFFERINGS

TABLE 74 FIMER GROUP: MAJOR PRODUCT OFFERINGS

TABLE 75 EMERSON ELECTRIC CO: MAJOR PRODUCT OFFERINGS

TABLE 76 GINLONG TECHNOLOGIES: MAJOR PRODUCT OFFERINGS

TABLE 77 POWER ELECTRONICS S.L.: MAJOR PRODUCT OFFERINGS

TABLE 78 HITACHI HI-REL POWER ELECTRONICS PVT. LTD: MAJOR PRODUCT OFFERINGS

TABLE 79 BOSCH: MAJOR PRODUCT OFFERINGS

TABLE 80 SUNPOWER CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 81 SAMSUNG: MAJOR PRODUCT OFFERINGS

TABLE 82 JOHNSON CONTROLS: MAJOR PRODUCT OFFERINGS

TABLE 83 PANASONIC: MAJOR PRODUCT OFFERINGS

TABLE 84 FRONIUS INTERNATIONAL GMBH: MAJOR PRODUCT OFFERINGS

TABLE 85 LENNOX: MAJOR PRODUCT OFFERINGS

TABLE 86 TSI INCORPORATED: MAJOR PRODUCT OFFERINGS

TABLE 87 ENERTRONICA SANTERNO SPA: MAJOR PRODUCT OFFERINGS

TABLE 88 GLOBAL PV INVERTER MARKET BY GEOGRAPHY 2022−2028 ($ MILLION)

TABLE 89 GLOBAL PV INVERTER MARKET BY PRODUCT TYPE 2022−2028 ($ MILLION)

TABLE 90 GLOBAL PV INVERTER MARKET BY POWER OUTPUT2022−2028 ($ MILLION)

TABLE 91 GLOBAL PV INVERTER MARKET BY PHASE TYPE 2022−2028 ($ MILLION)

TABLE 92 GLOBAL PV INVERTER MARKET BY CONNECTION TYPE 2022−2028 ($ MILLION)

TABLE 93 GLOBAL PV INVERTER MARKET BY END USER 2022−2028 ($ MILLION)

TABLE 94 GLOBAL PV INVERTER MARKET BY DISTRIBUTION CHANNEL 2022−2028 ($ MILLION)

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

 

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.4 MARKET SEGMENTATION

4.4.1 MARKET SEGMENTATION BY PRODUCT TYPE

4.4.2 MARKET SEGMENTATION BY PHASE TYPE

4.4.3 MARKET SEGMENTATION BY CONNECTION TYPE

4.4.4 MARKET SEGMENTATION BY POWER OUTPUT

4.4.5 MARKET SEGMENTATION BY END-USER

4.4.6 MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

4.4.7 MARKET SEGMENTATION BY GEOGRAPHY

 

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 PREMIUM INSIGHTS

6.1.1 OPPORTUNITY & CHALLENGE ANALYSIS

6.1.2 HIGHLIGHTS

6.1.3 PRODUCT TYPE

6.1.4 PHASE TYPE

6.1.5 CONNECTION TYPE

6.1.6 END-USER TYPE

6.1.7 COMPETITIVE LANDSCAPE

 

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW

8.2 TECHNOLOGY INTEGRATION

8.3 GLOBAL KEY HIGHLIGHTS REGARDING SOLAR ENERGY

8.4 PV INSTALLATION IN RESIDENTIAL CONSTRUCTION

8.5 PV INSTALLATION IN COMMERCIAL CONSTRUCTION

8.6 GOVERNMENT REGULATIONS PROMOTING SOLAR INVERTERS

8.6.1 OVERVIEW

8.6.2 REPOWEREU PLAN CONTRIBUTION TO SOLAR PV MARKET GROWTH

8.6.3 US INFLATION REDUCTION ACT PROVIDES BENEFITS TO PV INVERTER MARKET

8.7 SOLAR PV MARKET STATUS

8.7.1 MARKET COMPETITION FOR PV INVERTERS

8.7.2 MARKET LIFE DURATION OR PAYBACK PERIOD FOR PV INVERTERS

8.7.3 MARKET INITIAL INVESTMENT FOR PV INVERTERS

8.8 LEADING PLAYER IN PV INVERTER

8.8.1 KEY STRATEGIES BY KEY INDUSTRY PARTICIPANTS

8.9 IMPACT OF COVID-19 AND RUSSIA INVASION

8.9.1 RUSSIA & UKRAINE GLOBAL IMPACT

8.10 VALUE CHAIN

8.10.1 RAW MATERIAL SUPPLIERS & COMPONENTS

8.10.2 MANUFACTURERS

8.10.3 DEALERS/DISTRIBUTORS

8.10.4 RETAILERS

8.10.5 END-USERS

 

9 MARKET OPPORTUNITY & TRENDS

9.1 REGULATION ON ENERGY EFFICIENCY DRIVING PV INVERTER DEMAND

9.2 ADVANCES IN PV INVERTERS IN SMART HOMES

9.3 AIRPORT MODERNIZATION

 

10 MARKET GROWTH ENABLERS

10.1 GROWTH OF GREEN BUILDING ACTIVITIES

10.2 INCORPORATION OF PHOTOVOLTAIC IN ROOFTOP

10.3 SUSTAINABILITY RESHAPING GLOBAL CONSTRUCTION MARKET

10.4 INCORPORATION OF ON-SITE PHOTOVOLTAIC SOLAR POWER FOR THE DATA CENTERS MARKET

10.4.1 DATA CENTER UTILIZATION OF RENEWABLE ENERGY

 

11 MARKET RESTRAINTS

11.1 HIGH COST OF INSTALLING SOLAR PANELS HAMMER THE DEMAND FOR PV INVERTER

11.2 RAW MATERIAL PRICE VOLATILITY

11.3 INCREASED COMPETITION FROM CHINESE VENDORS

 

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

 

13 PRODUCT TYPE

13.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

13.1.1 MARKET OVERVIEW

13.1.2 STRING INVERTER: MARKET SIZE & FORECAST

13.1.3 CENTRAL INVERTER: MARKET SIZE & FORECAST

13.1.4 MICRO INVERTER: MARKET SIZE & FORECAST

13.1.5 OTHER INVERTER: MARKET SIZE & FORECAST

 

14 PHASE TYPE

14.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

14.1.1 MARKET OVERVIEW

14.1.2 THREE PHASE: MARKET SIZE & FORECAST

14.1.3 SINGLE PHASE: MARKET SIZE & FORECAST

 

15 CONNECTION TYPE

15.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

15.1.1 MARKET OVERVIEW

15.1.2 ON-GRID: MARKET SIZE & FORECAST

15.1.3 OFF GRID: MARKET SIZE & FORECAST

 

16 POWER OUTPUT TYPE

16.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

16.1.1 MARKET OVERVIEW

16.1.2 <0.5-33 KW POWER OUTPUT: MARKET SIZE & FORECAST

16.1.3 33-110 KW POWER OUTPUT: MARKET SIZE & FORECAST

16.1.4 >110 KW POWER OUTPUT: MARKET SIZE & FORECAST

 

17 END-USER

17.1 MARKET SNAPSHOT & GROWTH ENGINE

17.2 MARKET OVERVIEW

17.3 UTILITIES

17.3.1 MARKET OVERVIEW

17.3.2 MARKET SIZE & FORECAST

17.4 COMMERCIAL

17.4.1 MARKET OVERVIEW

17.4.2 MARKET SIZE & FORECAST

17.5 INDUSTRIAL

17.5.1 MARKET OVERVIEW

17.5.2 MARKET SIZE & FORECAST

17.6 RESIDENTIAL

17.6.1 MARKET OVERVIEW

17.6.2 MARKET SIZE & FORECAST

 

18 DISTRIBUTION CHANNEL

18.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

18.2 MARKET OVERVIEW

18.3 OFFLINE

18.3.1 MARKET OVERVIEW

18.3.2 DEALERS & DISTRIBUTORS

18.3.3 SPECIALTY STORES

18.3.4 MASS MARKET PLAYERS

18.3.5 MARKET SIZE & FORECAST (VALUE)

18.4 ONLINE

18.4.1 MARKET OVERVIEW

18.4.2 DIRECT SALES

18.4.3 THIRD-PARTY SALES

18.4.4 MARKET SIZE & FORECAST (VALUE)

 

19 GEOGRAPHY

19.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

19.2 GEOGRAPHY OVERVIEW

 

20 APAC

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.3 PRODUCT TYPE

20.3.1 MARKET SIZE & FORECAST

20.4 POWER OUTPUT

20.4.1 MARKET SIZE & FORECAST

20.5 PHASE TYPE

20.5.1 MARKET SIZE & FORECAST

20.6 CONNECTION TYPE

20.6.1 MARKET SIZE & FORECAST

20.7 END-USER

20.7.1 MARKET SIZE & FORECAST

20.8 DISTRIBUTION CHANNEL

20.8.1 MARKET SIZE & FORECAST

20.9 KEY COUNTRIES

20.9.1 CHINA: MARKET SIZE & FORECAST

20.9.2 INDIA: MARKET SIZE & FORECAST

20.9.3 JAPAN: MARKET SIZE & FORECAST

20.9.4 AUSTRALIA: MARKET SIZE & FORECAST

 

21 NORTH AMERICA

21.1 MARKET OVERVIEW

21.2 MARKET SIZE & FORECAST

21.3 PRODUCT TYPE

21.3.1 MARKET SIZE & FORECAST

21.4 POWER OUTPUT

21.4.1 MARKET SIZE & FORECAST

21.5 PHASE TYPE

21.5.1 MARKET SIZE & FORECAST

21.6 CONNECTION TYPE

21.6.1 MARKET SIZE & FORECAST

21.7 END-USER

21.7.1 MARKET SIZE & FORECAST

21.8 DISTRIBUTION CHANNEL

21.8.1 MARKET SIZE & FORECAST

21.9 KEY COUNTRIES

21.9.1 US: MARKET SIZE & FORECAST

21.9.2 CANADA: MARKET SIZE & FORECAST

 

22 EUROPE

22.1 MARKET OVERVIEW

22.2 MARKET SIZE & FORECAST

22.3 PRODUCT TYPE

22.3.1 MARKET SIZE & FORECAST

22.4 POWER OUTPUT

22.4.1 MARKET SIZE & FORECAST

22.5 PHASE TYPE

22.5.1 MARKET SIZE & FORECAST

22.6 CONNECTION TYPE

22.6.1 MARKET SIZE & FORECAST

22.7 END-USER

22.7.1 MARKET SIZE & FORECAST

22.8 DISTRIBUTION CHANNEL

22.8.1 MARKET SIZE & FORECAST

22.9 KEY COUNTRIES

22.9.1 GERMANY: MARKET SIZE & FORECAST

22.9.2 FRANCE: MARKET SIZE & FORECAST

22.9.3 UK: MARKET SIZE & FORECAST

22.9.4 ITALY: MARKET SIZE & FORECAST

22.9.5 SPAIN: MARKET SIZE & FORECAST

 

23 MEA

23.1 MARKET OVERVIEW

23.2 MARKET SIZE & FORECAST

23.3 PRODUCT TYPE

23.3.1 MARKET SIZE & FORECAST

23.4 POWER OUTPUT

23.4.1 MARKET SIZE & FORECAST

23.5 PHASE TYPE

23.5.1 MARKET SIZE & FORECAST

23.6 CONNECTION TYPE

23.6.1 MARKET SIZE & FORECAST

23.7 END-USER

23.7.1 MARKET SIZE & FORECAST

23.8 DISTRIBUTION CHANNEL

23.8.1 MARKET SIZE & FORECAST

23.9 KEY COUNTRIES

23.9.1 SAUDI ARABIA: MARKET SIZE & FORECAST

23.9.2 UAE: MARKET SIZE & FORECAST

23.9.3 SOUTH AFRICA: MARKET SIZE & FORECAST

 

24 LATIN AMERICA

24.1 MARKET OVERVIEW

24.2 MARKET SIZE & FORECAST

24.3 PRODUCT TYPE

24.3.1 MARKET SIZE & FORECAST

24.4 POWER OUTPUT

24.4.1 MARKET SIZE & FORECAST

24.5 PHASE TYPE

24.5.1 MARKET SIZE & FORECAST

24.6 CONNECTION TYPE

24.6.1 MARKET SIZE & FORECAST

24.7 END-USER

24.7.1 MARKET SIZE & FORECAST

24.8 DISTRIBUTION CHANNEL

24.8.1 MARKET SIZE & FORECAST

24.9 KEY COUNTRIES

24.9.1 BRAZIL: MARKET SIZE & FORECAST

24.9.2 MEXICO: MARKET SIZE & FORECAST

24.9.3 ARGENTINA: MARKET SIZE & FORECAST

 

25 COMPETITIVE LANDSCAPE

25.1 COMPETITION OVERVIEW

 

26 KEY COMPANY PROFILES

26.1 SMA SOLAR TECHNOLOGY AG

26.1.1 BUSINESS OVERVIEW

26.1.2 PRODUCT OFFERINGS

26.1.3 KEY STRATEGIES

26.1.4 KEY STRENGTHS

26.1.5 KEY OPPORTUNITIES

26.2 SUNGROW

26.2.1 BUSINESS OVERVIEW

26.2.2 PRODUCT OFFERINGS

26.2.3 KEY STRATEGIES

26.2.4 KEY STRENGTHS

26.2.5 KEY OPPORTUNITIES

26.3 SIEMENS AG

26.3.1 BUSINESS OVERVIEW

26.3.2 PRODUCT OFFERINGS

26.3.3 KEY STRATEGIES

26.3.4 KEY STRENGTHS

26.3.5 KEY OPPORTUNITIES

26.4 DELTA ELECTRONICS, INC

26.4.1 BUSINESS OVERVIEW

26.4.2 PRODUCT OFFERINGS

26.4.3 KEY STRATEGIES

26.4.4 KEY STRENGTHS

26.4.5 KEY OPPORTUNITIES

26.5 SOLAREDGE TECHNOLOGIES, INC.

26.5.1 BUSINESS OVERVIEW

26.5.2 PRODUCT OFFERINGS

26.5.3 KEY STRATEGIES

26.5.4 KEY STRENGTHS

26.5.5 KEY OPPORTUNITIES

26.6 HUAWEI TECHNOLOGIES CO

26.6.1 BUSINESS OVERVIEW

26.6.2 PRODUCT OFFERINGS

26.6.3 KEY STRATEGIES

26.6.4 KEY STRENGTHS

26.6.5 KEY OPPORTUNITIES

 

27 OTHER PROMINENT VENDORS

27.1 FIMER GROUP

27.1.1 BUSINESS OVERVIEW

27.1.2 PRODUCT OFFERINGS

27.2 EMERSON ELECTRIC CO.

27.2.1 BUSINESS OVERVIEW

27.2.2 PRODUCT OFFERINGS

27.3 GINLONG TECHNOLOGIES

27.3.1 BUSINESS OVERVIEW

27.3.2 PRODUCT OFFERINGS

27.4 POWER ELECTRONICS S.L

27.4.1 BUSINESS OVERVIEW

27.4.2 PRODUCT OFFERINGS

27.5 HITACHI HI-REL POWER ELECTRONICS PVT. LTD

27.5.1 BUSINESS OVERVIEW

27.5.2 PRODUCT OFFERINGS

27.6 BOSCH

27.6.1 BUSINESS OVERVIEW

27.6.2 PRODUCT OFFERINGS

27.7 SUNPOWER CORPORATION

27.7.1 BUSINESS OVERVIEW

27.7.2 PRODUCT OFFERINGS

27.8 SAMSUNG

27.8.1 BUSINESS OVERVIEW

27.8.2 PRODUCT OFFERINGS

27.9 JOHNSON CONTROLS

27.9.1 BUSINESS OVERVIEW

27.9.2 PRODUCT OFFERINGS

27.10 PANASONIC

27.10.1 BUSINESS OVERVIEW

27.10.2 PRODUCT OFFERINGS

27.11 FRONIUS INTERNATIONAL GMBH

27.11.1 BUSINESS OVERVIEW

27.11.2 PRODUCT OFFERINGS

27.12 LENNOX

27.12.1 BUSINESS OVERVIEW

27.12.2 PRODUCT OFFERINGS

27.13 TSI INCORPORATED

27.13.1 BUSINESS OVERVIEW

27.13.2 PRODUCT OFFERINGS

27.14 ENERTRONICA SANTERNO S.P.A

27.14.1 BUSINESS OVERVIEW

27.14.2 PRODUCT OFFERINGS

 

28 REPORT SUMMARY

28.1 KEY TAKEAWAYS

28.2 STRATEGIC RECOMMENDATIONS

 

29 QUANTITATIVE SUMMARY

29.1 MARKET BY GEOGRAPHY

29.1.1 MARKET SIZE & FORECAST

29.2 MARKET BY PRODUCT TYPE

29.2.1 MARKET SIZE & FORECAST

29.3 MARKET BY POWER OUTPUT

29.3.1 MARKET SIZE & FORECAST

29.4 MARKET BY PHASE TYPE

29.4.1 MARKET SIZE & FORECAST

29.5 MARKET BY CONNECTION TYPE

29.5.1 MARKET SIZE & FORECAST

29.6 MARKET BY END USER

29.6.1 MARKET SIZE & FORECAST

29.7 MARKET BY DISTRIBUTION CHANNEL

29.7.1 MARKET SIZE & FORECAST

 

30 APPENDIX

30.1 ABBREVIATIONS

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Frequently Asked Questions

How big is the PV inverter market?

The global PV inverter market size was valued at USD 6.52 billion in 2022 and is expected to reach USD 13.98 billion by 2028.

What is the growth rate of the global PV inverter market?

The global PV inverter market is expected to grow at a CAGR of 13.54% from 2022 to 2028.

Who are the key players in the global PV inverter market?

SMA Solar Technology AG, Sungrow, Siemens AG, Delta Electronics, INC, Solaredge Technologies, Inc, and HUAWEI Technologies Co are the key players in the global PV Inverter market.

What are the significant trends in the PV inverter market?

Regulation on energy efficiency driving PV inverter demand, advancement of PV inverters in smart homes, and airport modernization are significant trends in the PV inverter market.

Which region dominates the global PV inverter market share?

APAC globally held the most substantial PV inverter market share, accounting for over 46% in 2022.