Global Solar Inverter Market Outlook, Opportunities And Strategies
Learn about the global solar inverter market through The Business Research Company, which provides information on solar inverter market size, solar inverter market drivers and restraints, solar inverter market players, the COVID-19 impact on the solar inverter market, and more.
The global solar inverter market size is expected to grow from $12.04 billion in 2021 to $13.38 billion in 2022 at a compound annual growth rate (CAGR) of 11.14%. The global solar inverters market size is expected to grow to $22.44 billion in 2026 at a CAGR of 13.80%.
Rapid development in the renewable energy sector is significantly driving the growth of the solar inverter market.
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The solar inverter market consists of sales of solar inverters by entities (organizations, partnerships, and sole proprietors) that are significant parts of the solar power system. A solar inverter turns the energy produced by solar panels into usable electricity that can be used in a house or office. A solar inverter converts the variable direct current, or ‘DC’ power from your solar panels into alternating 120V/240V current, or ‘AC’ power.
Global Solar Inverter Market Segments Include:
By Type: Central Inverter, Micro Inverter, String Inverter
By System-Type: On-Grid, Off-Grid
By End-Use: Residential, Commercial, Utilities
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the solar inverter market in 2021.
Technological advancement is a key trend gaining popularity in the solar inverter market. The key players in the solar inverter are focusing on developing new technological solutions to strengthen their position in the market.
TBRC’s solar inverter market report covers:
Major Market Players: ABB, Sma Solar Technology AG, Canadian Solar, Solaredge Technologies Inc, Delta Electronics Inc., Solectria Renewables LLC, Omron Corporation, Hitachi Hi-rel Power Electronics Private Limited, Power Electronics S.L, Schneider Electric, Sunpower, Fimer S.p.A, Fronius International GmbH, Tabuchi Electric Co. Ltd, General Electric Company, and Enphase Energy Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Solar Inverter Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides solar inverter market overviews, analyzes and forecasts market size, share, solar inverter market players, solar inverter market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s solar inverter market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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