DUBLIN – (BUSINESS WIRE) – The “Inverters Market By Type (Solar Inverters, Non-Solar Inverters), Output Power, Output Voltage, Distribution Channel (Direct, Indirect), End Users (PV, Residential, Commercial, Automotive), and Geographic Location – The Report,” Global Forecast until 2025 “was added ResearchAndMarkets.com Offer.
The global inverter market is expected to grow from $ 12.8 billion in 2020 to $ 26.5 billion in 2025. It is expected to grow at a CAGR of 15.6% from 2020 to 2025.
The growth of the market is being driven by a large inflow of investments in the renewable energy sector and an increase in the number of rooftop solar installations in residential areas. Electricity from renewable energy sources such as solar and wind addresses issues related to the mismatch of supply and demand. Solar energy is heavily dependent on external conditions; By using solar inverters, however, the problems of inadequate energy supply can be eliminated so that end users can generate maximum electricity and deliver it to the grid when required.
Inverters thus solve the problems related to energy supply and demand mismatch and intermittent problems related to renewable energy sources. Inverters have a long service life. They enable optimal power generation and ensure scalability, flexibility and security of power supply devices. Solar inverters are widely used in applications that use renewable solar PV energy. Prolonged use of inverters to power various devices and systems installed in vehicles can strain vehicle batteries and ultimately cause them to fail. This is one of the restraining factors for the inverter market to grow.
The solar inverter segment is expected to hold a larger share of the inverter market than the non-solar inverter segment in the forecast period.
Micro-inverters are plug-and-play compact solar inverter systems that are installed under each solar panel in a solar system. The main function of these inverters is to convert the direct current generated by solar modules into alternating current at each module level and to forward it either for direct use or into a grid. Microinverters have gained in traction because of a number of the advantages they offer. For example, they enable the monitoring and optimization of each solar module individually in order to generate maximum output. This facilitates maximum power point tracking (MPPT) at the panel level, which allows end users to improve the performance of their solar systems. Microinverters are simpler and more reliable than other types of inverters. The increasing introduction of microinverters is driving the growth of the solar inverter market at a considerable pace.
The direct sales channel segment of the inverter market is expected to grow with a higher CAGR than the segment of indirect sales channels in the forecast period.
Inverters used by end users in automobiles and homes are easy to use and install. The purchased inverters are usually installed by the end user himself. In addition, factors such as the global increase in the production of electric vehicles and the increasing acceptance of micro-inverters and hybrid inverters, which are integrated into small or medium-sized solar systems on the roof by private and commercial end users, are contributing to the growth of direct sales in the channel segment of the inverter market in the Forecast period.
The solar inverter market in APAC is expected to grow with the highest CAGR from 2020-2025.
The growth of the solar inverter market in APAC is due to increased demand for inverters from key countries such as China, India, Japan and South Korea in the region. These countries have significant growth potential for the heavy haulage industry. The solar inverter market in APAC is growing due to the increasing adoption of connector solutions in commercial and residential areas. The increasing demand for inverters from residential, automotive and PV systems in India, China and Japan is driving the growth of the solar inverter market in APAC.
Reasons to Buy the Report:
The report comprehensively segments the market and provides the market size estimate for all the segments and sub-segments in various regions.
The report helps the stakeholders get the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report aims to help stakeholders understand their competitors and gain insights to improve their position in the Inverter market. The Competitive Landscape section describes the competitor’s ecosystem.
Main topics covered:
1.1 Study objectives
1.2 Market definition and scope
1.3 Scope of study
2 research methodology
2.1 Research data
2.2 Estimation of the market size
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
4 premium insights
4.1 Attractive growth opportunities in the inverter market
4.2 Market by type
4.3 Market by output power
4.4 Market in APAC by Country and End User
4.5 market, according to end-user
4.6 Solar Inverter Market by Country, 2019
5 Market overview
5.2 Market dynamics
6 Waveform-based classification of inverters
6.2 Pure sine wave inverters
6.3 Square wave inverter
6.4 Modified sine wave inverters
7 Phase-based classification of inverters
7.3 Single phase
8 Inverter Market by Type
8.2 Solar inverters
8.3 Non-solar inverters
9 Inverter Market by Output Power
9.2 Less than 10 kW
9.3 10-50 kW
9.4 50-100 kW
9.5 Over 100 kW
10 inverter market according to output voltage
10.2 100-300 V.
10.3 300-500 V.
10.4 Over 500 V.
11 Inverter market by sales channels
11.2 Direct Sales Channel
11.3 Indirect Sales Channel
12 Inverter Market by End-User
12.4 PV systems
13 Geographical Analysis
13.2 North America
14 Competitive Landscape
14.2 Competitive Analysis
14.3 Competitive Leadership Mapping, 2019
14.4 Competitive situation and trends
15 company profiles
15.1 Key Players
15.1.1 Huawei Technologies
15.1.2 Sungrow power supply
15.1.3 SMA solar technology
15.1.4 Power electronics
15.1.6 Solaredge Technologies
15.1.7 Fronius International
15.1.8 Old energy power supply system
15.1.9 Enphase Energy
15.1.10 Darfon Electronics
15.2 Right to win
15.3 Other players
15.3.2 Delphi Technologies
15.3.3 Sensata Technologies
15.3.4 Samlex Europe
15.3.6 General Electric
15.3.7 Schneider Electric
15.3.9 Toshiba Mitsubishi-Electric Industrial Systems Corporation
3/15/10 Delta Electronics
3/15/11 Yaskawa Solectria Solar
3/15/13 Kaco New Energy
3/15/14 Growatt New Energy
3/15/15 Tbea Xinjiang Sunoasis
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