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PV Inverter is one power transfer apparatus, which is used to transfer the DC power generated through PV to AC power. For the reverse process of rectification, the apparatus is so called "inverter".When solar cells are disposed in sunlight, it produces direct curren. However the supply system in the form of DC power has an extremely limited. For example, fluorescent lamps, televisions, refrigerators, electric fans and so on cannot be used directly with DC power supply, and most electric machinery are as well. In addition, when the power supply needs to increase voltage or lower voltage, it is simply adding a Transformer in AC power system, while lifting technology of voltage in a DC system is much more complex. Therefore, in addition to direct use of communications, weather and other special DC power users, the production of electricity need to be equipped with a PV Inverter in PV systems.
At present, PV Inverter market is occupied by Sungrow Power, Huawei, and Sineng. Foreign companies, such as SMA, ABB and KACO have entered domestic market. However, due to the price and delivery of the service, the market share of is not high for the foreign companies. Statistics show that Sungrow Power PV Inverter companies occupy the major market share, the domestic PV power projects almost all selected domestic product.
As is shown in the Figure, Global PV inverter industry exhibites upward trend overall. Many opptunities exist in the next five years.
According to this study, over the next five years the PV Inverter market will register a 0.3% CAGR in terms of revenue, the global market size will reach US$ 6310 million by 2024, from US$ 6200 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in PV Inverter business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of PV Inverter market by product type, application, key manufacturers and key regions and countries.
This study considers the PV Inverter value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Stand-alone inverters
Grid-tie inverters
Battery backup inverters
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential
Commercial
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Sungrow Power
Huawei
TBEA
SiNENG
KSTAR
KELONG
EAST
Chint Power
SSE
Samil Power
Growatt
JFY Tech.
ZTE Quantum
NEGO
GoodWe
SAJ
GinLong
Northern Electric (Qingdao)
APS
Omnik
SMA
ABB
Omron
TMEIC
Tabuchi
Advanced Energy
KACO
Schneider
Ingeteam
Fronius
Siemens
Satcon
Enphase
AROS Solar
KOSTAL
STECA
Green Power
Helios Systems
Siliken Electronics
LTI REENERGY
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global PV Inverter consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of PV Inverter market by identifying its various subsegments.
Focuses on the key global PV Inverter manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the PV Inverter with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of PV Inverter submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
2019-2024 Global PV Inverter Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global PV Inverter Consumption 2014-2024
2.1.2 PV Inverter Consumption CAGR by Region
2.2 PV Inverter Segment by Type
2.2.1 Stand-alone inverters
2.2.2 Grid-tie inverters
2.2.3 Battery backup inverters
2.3 PV Inverter Consumption by Type
2.3.1 Global PV Inverter Consumption Market Share by Type (2014-2019)
2.3.2 Global PV Inverter Revenue and Market Share by Type (2014-2019)
2.3.3 Global PV Inverter Sale Price by Type (2014-2019)
2.4 PV Inverter Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.4.3 Others
2.5 PV Inverter Consumption by Application
2.5.1 Global PV Inverter Consumption Market Share by Application (2014-2019)
2.5.2 Global PV Inverter Value and Market Share by Application (2014-2019)
2.5.3 Global PV Inverter Sale Price by Application (2014-2019)
3 Global PV Inverter by Players
3.1 Global PV Inverter Sales Market Share by Players
3.1.1 Global PV Inverter Sales by Players (2017-2019)
3.1.2 Global PV Inverter Sales Market Share by Players (2017-2019)
3.2 Global PV Inverter Revenue Market Share by Players
3.2.1 Global PV Inverter Revenue by Players (2017-2019)
3.2.2 Global PV Inverter Revenue Market Share by Players (2017-2019)
3.3 Global PV Inverter Sale Price by Players
3.4 Global PV Inverter Manufacturing Base Distribution, Sales Area, Product Types by Players
3.4.1 Global PV Inverter Manufacturing Base Distribution and Sales Area by Players
3.4.2 Players PV Inverter Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 PV Inverter by Regions
4.1 PV Inverter by Regions
4.1.1 Global PV Inverter Consumption by Regions
4.1.2 Global PV Inverter Value by Regions
4.2 Americas PV Inverter Consumption Growth
4.3 APAC PV Inverter Consumption Growth
4.4 Europe PV Inverter Consumption Growth
4.5 Middle East & Africa PV Inverter Consumption Growth
5 Americas
5.1 Americas PV Inverter Consumption by Countries
5.1.1 Americas PV Inverter Consumption by Countries (2014-2019)
5.1.2 Americas PV Inverter Value by Countries (2014-2019)
5.2 Americas PV Inverter Consumption by Type
5.3 Americas PV Inverter Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC PV Inverter Consumption by Countries
6.1.1 APAC PV Inverter Consumption by Countries (2014-2019)
6.1.2 APAC PV Inverter Value by Countries (2014-2019)
6.2 APAC PV Inverter Consumption by Type
6.3 APAC PV Inverter Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe PV Inverter by Countries
7.1.1 Europe PV Inverter Consumption by Countries (2014-2019)
7.1.2 Europe PV Inverter Value by Countries (2014-2019)
7.2 Europe PV Inverter Consumption by Type
7.3 Europe PV Inverter Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa PV Inverter by Countries
8.1.1 Middle East & Africa PV Inverter Consumption by Countries (2014-2019)
8.1.2 Middle East & Africa PV Inverter Value by Countries (2014-2019)
8.2 Middle East & Africa PV Inverter Consumption by Type
8.3 Middle East & Africa PV Inverter Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Marketing, Distributors and Customer
10.1 Sales Channel
10.1.1 Direct Channels
10.1.2 Indirect Channels
10.2 PV Inverter Distributors
10.3 PV Inverter Customer
11 Global PV Inverter Market Forecast
11.1 Global PV Inverter Consumption Forecast (2019-2024)
11.2 Global PV Inverter Forecast by Regions
11.2.1 Global PV Inverter Forecast by Regions (2019-2024)
11.2.2 Global PV Inverter Value Forecast by Regions (2019-2024)
11.2.3 Americas Consumption Forecast
11.2.4 APAC Consumption Forecast
11.2.5 Europe Consumption Forecast
11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
11.3.1 United States Market Forecast
11.3.2 Canada Market Forecast
11.3.3 Mexico Market Forecast
11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
11.4.1 China Market Forecast
11.4.2 Japan Market Forecast
11.4.3 Korea Market Forecast
11.4.4 Southeast Asia Market Forecast
11.4.5 India Market Forecast
11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
11.5.1 Germany Market Forecast
11.5.2 France Market Forecast
11.5.3 UK Market Forecast
11.5.4 Italy Market Forecast
11.5.5 Russia Market Forecast
11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
11.6.1 Egypt Market Forecast
11.6.2 South Africa Market Forecast
11.6.3 Israel Market Forecast
11.6.4 Turkey Market Forecast
11.6.5 GCC Countries Market Forecast
11.7 Global PV Inverter Forecast by Type
11.8 Global PV Inverter Forecast by Application
12 Key Players Analysis
12.1 Sungrow Power
12.1.1 Company Details
12.1.2 PV Inverter Product Offered
12.1.3 Sungrow Power PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.1.4 Main Business Overview
12.1.5 Sungrow Power News
12.2 Huawei
12.2.1 Company Details
12.2.2 PV Inverter Product Offered
12.2.3 Huawei PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.2.4 Main Business Overview
12.2.5 Huawei News
12.3 TBEA
12.3.1 Company Details
12.3.2 PV Inverter Product Offered
12.3.3 TBEA PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.3.4 Main Business Overview
12.3.5 TBEA News
12.4 SiNENG
12.4.1 Company Details
12.4.2 PV Inverter Product Offered
12.4.3 SiNENG PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.4.4 Main Business Overview
12.4.5 SiNENG News
12.5 KSTAR
12.5.1 Company Details
12.5.2 PV Inverter Product Offered
12.5.3 KSTAR PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.5.4 Main Business Overview
12.5.5 KSTAR News
12.6 KELONG
12.6.1 Company Details
12.6.2 PV Inverter Product Offered
12.6.3 KELONG PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.6.4 Main Business Overview
12.6.5 KELONG News
12.7 EAST
12.7.1 Company Details
12.7.2 PV Inverter Product Offered
12.7.3 EAST PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.7.4 Main Business Overview
12.7.5 EAST News
12.8 Chint Power
12.8.1 Company Details
12.8.2 PV Inverter Product Offered
12.8.3 Chint Power PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.8.4 Main Business Overview
12.8.5 Chint Power News
12.9 SSE
12.9.1 Company Details
12.9.2 PV Inverter Product Offered
12.9.3 SSE PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.9.4 Main Business Overview
12.9.5 SSE News
12.10 Samil Power
12.10.1 Company Details
12.10.2 PV Inverter Product Offered
12.10.3 Samil Power PV Inverter Sales, Revenue, Price and Gross Margin (2017-2019)
12.10.4 Main Business Overview
12.10.5 Samil Power News
12.11 Growatt
12.12 JFY Tech.
12.13 ZTE Quantum
12.14 NEGO
12.15 GoodWe
12.16 SAJ
12.17 GinLong
12.18 Northern Electric (Qingdao)
12.19 APS
12.20 Omnik
12.21 SMA
12.22 ABB
12.23 Omron
12.24 TMEIC
12.25 Tabuchi
12.26 Advanced Energy
12.27 KACO
12.28 Schneider
12.29 Ingeteam
12.30 Fronius
12.31 Siemens
12.32 Satcon
12.33 Enphase
12.34 AROS Solar
12.35 KOSTAL
12.36 STECA
12.37 Green Power
12.38 Helios Systems
12.39 Siliken Electronics
12.40 LTI REENERGY
13 Research Findings and Conclusion
List of Tables and Figures
Figure Picture of PV Inverter
Table Product Specifications of PV Inverter
Figure PV Inverter Report Years Considered
Figure Market Research Met
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