CAGR of around 8.6% during the period 2017 to 2023
- SMA Solar Technology AG (Germany),
- KACO New Energy Inc. (Germany),
- Mitsubishi Electric Corporation (Japan),
- Schneider Electric SE (France),
- Siemens AG (Germany),
- ABB Ltd. (Switzerland)
- Sungrow Power Supply Co., Ltd (China),
- Huawei Technologies Co. Ltd. (China),
- Hitachi Hi-Rel Power Electronics Pvt. Ltd. (India)
- General Electric Company (U.S).
Market Research Analysis
Micro Solar Inverter is expected to grow at the fastest rate
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Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Solar Inverter Market Research Report- Forecast till 2023”
Solar inverters are an important part of solar panel installation. The main application of solar inverter is to convert DC power produced by the solar panel into usable AC power. Solar inverters enable monitoring of the panel performance, which helps the owner & installer track the overall efficiency of the solar plant. Solar inverter provides diagnostic information to help the OEM recognize and resolve system issues.
Solar Inverter are widely accepted owing to its property of instantaneous conversion of DC power input to AC current while connected to on-grid system. The growing number of solar power plants around the world, which are to be connected with the grid through an on-grid solar inverter are driving the market for solar inverter in the forecast period. Also, growing off-grid solar panel installation for commercial & industrial and residential use requires a reliable and safe power source converter, which is provided by solar inverter. All these factors will drive for the growth in solar inverter market.
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Scope of the Report
This study provides an overview of the global solar inverter market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global solar inverter market by its product type, by system type, by end user and by region.
By Product Type
By System Type
By End User
- Industrial & Commercial
- North America
- Asia Pacific
Rest of the World
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