インバータ市場:タイプ(ソーラーインバータ、車載インバータ、その他)、定格出力(10kW以下、10〜50kW、51〜100kW、100kW以上)、エンドユーザー(太陽光発電所、住宅、自動車)、接続、電圧、販売チャネル、地域別 - 2027年までの世界市場予測Inverter Market by Type (Solar Inverters, Vehicle Inverter, others), Output Power Rating (Upto 10 kW, 10-50 kW, 51-100 kW, above 100 kW), End User (PV Plants, Residential, Automotive), Connection, Voltage, Sales Channel & Region - Global Forecast to 2027 インバータ市場は、2022年の推定163億米ドルから、2027年には338億米ドルまで、予測期間中に15.7%のCAGRで成長すると予測されます。同市場は、アジア太平洋地域を中心にソーラーインバータの導入が進んでいること... もっと見る
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サマリーインバータ市場は、2022年の推定163億米ドルから、2027年には338億米ドルまで、予測期間中に15.7%のCAGRで成長すると予測されます。同市場は、アジア太平洋地域を中心にソーラーインバータの導入が進んでいることから、有望な成長ポテンシャルを有しています。再生可能エネルギー分野への投資の増加や、政府の支援策などが、インバータの需要を促進しています。気候変動に関する各国の目標は、ネットゼロ目標を達成するために、電気自動車の需要を増加させ、また、様々なエンドユーザーのアプリケーションのための高電力密度インバータの開発における技術の進歩は、予測期間中にインバータ市場に有利な機会を提供することが期待されている持続可能性の開発に向かってそれらをシフトしています。"車載用インバータインバータ市場で最も成長率の高いセグメント(インバータタイプ別)" インバータタイプ別セグメントは、ソーラーインバータ、車載インバータ、その他に分類されます。その他には、UPSやバッテリーインバータが含まれる。自動車に搭載される電子機器へのニーズが高いこと、各国政府の電気自動車普及目標に対する懸念が高まっていること、電気自動車のコストを下げる政策が支持されていることなどが、予測期間中の同分野の成長を後押しするものと思われる。 "エンドユーザー別では住宅向けが最大セグメントとして台頭する見込み" インバータ市場は、エンドユーザー産業に基づいて、住宅、自動車、太陽光発電(PV)プラント、その他に区分されています。その他には、商業施設、産業施設、公共施設などが含まれます。住宅分野では、屋根設置型太陽光発電システムの導入が進んでいることから、最大の市場シェアを占めると予想されます。アジア太平洋、南米、中東、アフリカ、ヨーロッパなどの新興市場は、太陽光発電システムの設置に補助金を提供する政府の支援制度に支えられて、この成長の主な原動力になると予想されています。 "北米は予測期間中、2番目に大きく、最も急速に成長している市場になると予想される。" 北米は、太陽光発電設備の利点について様々なセクターで認識が高まっていることから、2番目に急成長している市場になると予想される。自動車に対する厳しい排ガス規制や、電気自動車による持続可能な輸送へのシフト。このため、同地域ではインバータの成長が促進されています。 プライマリーの内訳 本調査では、重要な定性・定量情報の入手と検証、および今後の市場見通しを評価するために、さまざまな主要業界関係者、専門家、主要市場企業の経営幹部、業界コンサルタントなどの専門家に詳細なインタビューを実施しました。一次インタビューの分布は以下の通りである。 企業タイプ別企業タイプ別:Tier 1 47.2%、Tier 2 30.7%、Tier 3 22.1 役職別Cレベル:42.1%、マネージャー:39.6%、その他:18.3 地域別北米35%、欧州20%、アジア太平洋地域30%、中東・アフリカ10%、南米5%。 注:その他には、プロダクトエンジニア、プロダクトスペシャリスト、エンジニアリングリードが含まれます。 注:企業の階層は、2021年時点の総売上高に基づいて定義されています。Tier1:10億米ドル以上、Tier2:5億米ドル以上10億米ドル未満、Tier3:5億米ドル未満 インバーター市場は、幅広い地域で存在感を示す少数の主要プレーヤーによって支配されています。インバータ市場の主要プレーヤーは、Huawei Technologies(中国)、Sungrow Power Supply(中国)、SMA Solar Technology(ドイツ)、Power Electronics(スペイン)、FIMER(イタリア)です。 調査対象範囲 本レポートでは、インバータの世界市場を、インバータタイプ、定格出力、出力電圧、販売チャネル、接続タイプ、エンドユーザー、地域別に定義、記述、予測しています。また、市場の質的・量的な詳細な分析も行っています。本レポートでは、主要な市場促進要因、阻害要因、機会、課題について包括的に検討しています。また、市場の様々な重要な側面についても取り上げています。これらには、インバータ市場の競争環境、市場力学、市場推定値(金額ベース)、将来動向の分析が含まれます。 レポート購入の主なメリット 1.本レポートは、インバータの主要市場を特定し、対処するもので、機器メーカーが需要の伸びを検討するのに役立つでしょう。 2.システムプロバイダーが市場の鼓動を理解するのに役立ち、ドライバー、阻害要因、機会、課題に関する洞察を提供します。 3.本レポートは、主要企業が競合他社の戦略をより良く理解し、より良い戦略的決断を下すのに役立つだろう。 目次1 INTRODUCTION 291.1 STUDY OBJECTIVES 29 1.2 DEFINITION 29 1.2.1 INVERTER MARKET, BY OUTPUT POWER RATING: INCLUSIONS AND EXCLUSIONS 30 1.2.2 INVERTER MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS 30 1.2.3 INVERTER MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS 30 1.2.4 INVERTER MARKET, BY OUTPUT VOLTAGE: INCLUSIONS AND EXCLUSIONS 31 1.2.5 INVERTER MARKET, BY CONNECTION TYPE: INCLUSIONS AND EXCLUSIONS 31 1.2.6 INVERTER MARKET, BY SALES CHANNEL: INCLUSIONS AND EXCLUSIONS 31 1.3 MARKET SCOPE 32 1.3.1 MARKET SEGMENTATION 32 1.3.2 REGIONAL SCOPE 32 1.3.3 YEARS CONSIDERED 33 1.4 CURRENCY 33 1.5 LIMITATIONS 33 1.6 STAKEHOLDERS 34 1.7 SUMMARY OF CHANGES 34 2 RESEARCH METHODOLOGY 35 2.1 RESEARCH DATA 35 FIGURE 1 INVERTER MARKET: RESEARCH DESIGN 35 2.1.1 SECONDARY DATA 37 2.1.1.1 Key data from secondary sources 37 2.1.2 PRIMARY DATA 38 2.1.2.1 Key data from primary sources 38 2.1.2.2 Key data from primary insides 38 2.1.2.3 Breakdown of primaries 39 2.2 MARKET SIZE ESTIMATION 39 2.2.1 BOTTOM-UP APPROACH 40 2.2.1.1 Approach for arriving at market size using bottom-up approach (demand side) 40 FIGURE 2 INVERTER MARKET BOTTOM-UP APPROACH 41 2.2.2 TOP-DOWN APPROACH 41 2.2.2.1 Approach for arriving at market size using top-down approach (Supply side) 41 FIGURE 3 INVERTER MARKET TOP-DOWN APPROACH 42 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BASED ON SUPPLY SIDE ANALYSIS 42 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 43 FIGURE 5 DATA TRIANGULATION 43 2.4 KEY ASSUMPTIONS 44 FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY 44 2.5 FORECAST 44 3 EXECUTIVE SUMMARY 45 TABLE 1 INVERTER MARKET SNAPSHOT 45 FIGURE 7 SOLAR INVERTER SEGMENT TO LEAD INVERTER MARKET, BY TYPE, DURING FORECAST PERIOD 46 FIGURE 8 100–300 V SEGMENT TO LEAD INVERTER MARKET, BY OUTPUT VOLTAGE, DURING FORECAST PERIOD 46 FIGURE 9 BELOW 10 KW SEGMENT TO LEAD INVERTER MARKET, BY POWER RATING, DURING FORECAST PERIOD 47 FIGURE 10 GRID-TIED SEGMENT TO LEAD INVERTER MARKET, BY CONNECTION TYPE, DURING FORECAST PERIOD 47 FIGURE 11 INDIRECT SEGMENT TO LEAD INVERTER MARKET, BY SALES CHANNEL, DURING FORECAST PERIOD 48 FIGURE 12 RESIDENTIAL SEGMENT TO LEAD INVERTER MARKET, BY END USER, DURING FORECAST PERIOD 48 FIGURE 13 ASIA PACIFIC TO DOMINATE INVERTER MARKET DURING FORECAST PERIOD 49 4 PREMIUM INSIGHTS 50 4.1 ATTRACTIVE OPPORTUNITIES IN INVERTER MARKET 50 FIGURE 14 GOVERNMENT-LED INITIATIVES RELATED TO PV PLANTS AND AUTOMOTIVE INDUSTRY TO DRIVE GROWTH OF INVERTER MARKET DURING FORECAST PERIOD 50 4.2 INVERTER MARKET, BY REGION 50 FIGURE 15 ASIA PACIFIC INVERTER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 50 4.3 INVERTER MARKET, BY TYPE 51 FIGURE 16 SOLAR INVERTER SEGMENT DOMINATED INVERTER MARKET IN 2021 51 4.4 INVERTER MARKET, BY OUTPUT VOLTAGE 51 FIGURE 17 100–300 V SEGMENT DOMINATED INVERTER MARKET IN 2021 51 4.5 INVERTER MARKET, BY POWER RATING 52 FIGURE 18 BELOW 10 KW SEGMENT HELD LARGEST SHARE OF INVERTER MARKET IN 2021 52 4.6 INVERTER MARKET, BY CONNECTION TYPE 52 FIGURE 19 GRID-TIED SEGMENT HELD LARGER SHARE OF INVERTER MARKET IN 2021 52 4.7 INVERTER MARKET, BY SALES CHANNEL 53 FIGURE 20 INDIRECT SALES SEGMENT HELD LARGER SHARE OF INVERTER MARKET IN 2021 53 4.8 INVERTER MARKET, BY END USER 53 FIGURE 21 RESIDENTIAL SEGMENT DOMINATED INVERTER MARKET IN 2021 53 5 MARKET OVERVIEW 54 5.1 INTRODUCTION 54 5.2 MARKET DYNAMICS 54 FIGURE 22 INVERTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54 5.2.1 DRIVERS 55 5.2.1.1 Increasing investments in renewable energy sector 55 FIGURE 23 GLOBAL NET SOLAR CAPACITY ADDITION (GW) 55 FIGURE 24 GLOBAL INVESTMENTS IN RENEWABLE ENERGY SOURCES IN 2019 (USD BILLION) 55 5.2.1.2 Rising number of solar installations attributed to government-led incentives and schemes 56 5.2.1.3 Growing demand for residential solar rooftop installations and distributed energy resources (DERs) 57 5.2.2 RESTRAINTS 57 5.2.2.1 Safety risks associated with high DC voltages 57 5.2.2.2 Strain on batteries due to prolonged use of inverters 57 5.2.3 OPPORTUNITIES 58 5.2.3.1 Growing demand for electric vehicles 58 5.2.3.2 Increasing investments in development of smart grids 58 5.2.3.3 Technological innovations in inverters and development of high-power density inverters 59 5.2.4 CHALLENGES 60 5.2.4.1 Availability of low-quality and cheap products in gray market and pricing pressure on manufactures 60 5.2.4.2 Shortage of components and parts due to COVID-19 crisis 60 TABLE 2 REGION/COUNTRY-WISE PERCENTAGE DEVIATION FROM BENCHMARKS DUE TO COVID-19 61 5.3 PORTER’S FIVE FORCES ANALYSIS 62 TABLE 3 INVERTER MARKET: PORTER’S FIVE FORCES ANALYSIS 62 FIGURE 27 PORTER’S FIVE FORCES ANALYSIS 62 5.3.1 THREAT OF SUBSTITUTES 63 5.3.2 BARGAINING POWER OF SUPPLIERS 63 5.3.3 BARGAINING POWER OF BUYERS 63 5.3.4 THREAT OF NEW ENTRANTS 63 5.3.5 INTENSITY OF COMPETITIVE RIVALRY 63 5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 64 5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS 64 FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER 64 TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER (%) 64 5.4.2 BUYING CRITERIA 64 FIGURE 29 KEY BUYING CRITERIA FOR END USERS 64 TABLE 5 KEY BUYING CRITERIA, BY END USER 65 5.5 COVID-19 IMPACT ANALYSIS 65 5.5.1 COVID-19 HEALTH ASSESSMENT 65 FIGURE 30 COVID-19 GLOBAL PROPAGATION 66 FIGURE 31 COVID-19 PROPAGATION IN SELECTED COUNTRIES 66 5.5.2 COVID-19 ECONOMIC ASSESSMENT 67 FIGURE 32 REVISED GDP FORECASTS FOR SELECTED G20 COUNTRIES IN 2020 67 5.6 AVERAGE SELLING PRICE TREND 68 FIGURE 33 AVERAGE SELLING PRICES OF INVERTERS OF DIFFERENT OUTPUT POWER RATINGS 68 TABLE 6 AVERAGE SELLING PRICES OF INVERTERS OF DIFFERENT OUTPUT POWER RATINGS (USD) 68 5.7 VALUE CHAIN ANALYSIS 69 FIGURE 34 INVERTER MARKET VALUE CHAIN 69 5.7.1 RESEARCH AND DEVELOPMENT 69 5.7.2 COMPONENT PROVIDERS 69 5.7.3 MANUFACTURERS/ASSEMBLERS 69 5.7.4 SYSTEM INTEGRATORS AND DISTRIBUTORS 70 5.7.5 END USERS 70 5.7.6 POST-SALES SERVICES 70 5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 70 5.8.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INVERTER MANUFACTURERS 70 FIGURE 35 REVENUE SHIFT FOR INVERTERS 70 5.9 TECHNOLOGY ANALYSIS 71 5.9.1 Z-SOURCE INVERTER 71 5.9.2 SOLAR MICRO-INVERTER 71 5.10 KEY CONFERENCES AND EVENTS BETWEEN 2022 AND 2023 72 TABLE 7 INVERTER MARKET: DETAILED LIST OF CONFERENCES & EVENTS 72 5.11 MARKET MAP 73 FIGURE 36 MARKET MAP FOR INVERTER 73 5.12 INNOVATIONS AND PATENT REGISTRATIONS 73 TABLE 8 INVERTER MARKET: PATENTS & INNOVATIONS 73 5.13 TRADE DATA STATISTICS 75 TABLE 9 ELECTRICAL STATIC CONVERTER MARKET: IMPORT STATISTICS, 2018–2021 (USD MILLION) 75 TABLE 10 ELECTRICAL STATIC CONVERTER MARKET: EXPORT STATISTICS, 2018–2021 (USD MILLION) 75 5.14 CASE STUDY ANALYSIS 75 5.14.1 SUNGROW PROVIDES TURNKEY SOLUTION TO SOLAR POWER PLANT IN BARGAS, SPAIN, 2021 75 5.14.2 MAN TRUCKS & BUSES, SOUTH AFRICA, DECIDED TO GO GREEN WITH GOODWE INVERTERS, 2021 76 5.14.3 FIMER PROVIDED INVERTER TO FIVE MID-LARGE SCALE SOLAR FARM PROJECTS IN REGIONAL SOUTH AUSTRALIA, 2021 76 5.15 TARIFFS, CODES, AND REGULATIONS 76 5.15.1 TARIFFS RELATED TO INVERTERS 77 TABLE 11 IMPORT TARIFFS FOR HS 850440, ELECTRICAL STATIC CONVERTERS 77 5.15.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79 TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79 TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79 TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80 TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80 TABLE 16 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80 5.15.3 CODES AND REGULATIONS RELATED TO INVERTERS 81 TABLE 17 GLOBAL: CODES AND REGULATIONS 81 6 INVERTER MARKET, BY OUTPUT POWER RATING 82 6.1 INTRODUCTION 83 FIGURE 37 INVERTER MARKET SHARE, BY OUTPUT POWER RATING, 2021 83 TABLE 18 INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 83 6.2 BELOW 10 KW 84 6.2.1 RISING DEMAND FOR RESIDENTIAL INVERTORS IN RESIDENTIAL SECTOR TO FUEL MARKET GROWTH 84 TABLE 19 BELOW 10 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 84 6.3 10–50 KW 84 6.3.1 EXPANDING COMMERCIAL SECTOR TO FUEL DEMAND FOR INVERTERS WITH 10–50 KW OUTPUT POWER RATING 84 TABLE 20 10–50 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 85 6.4 50–100 KW 85 6.4.1 GROWING DEMAND FOR SOLAR INVERTERS IN PV PLANTS AND VARIOUS INDUSTRIES TO BOOST MARKET GROWTH 85 TABLE 21 50–100 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 85 6.5 ABOVE 100 KW 86 6.5.1 RISING NUMBER OF PV PLANTS AND EXPANDING AUTOMOTIVE INDUSTRY TO DRIVE MARKET GROWTH 86 TABLE 22 ABOVE 100 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 86 7 INVERTER MARKET, BY OUTPUT VOLTAGE 87 7.1 INTRODUCTION 88 FIGURE 38 INVERTER MARKET SHARE, BY OUTPUT VOLTAGE, 2021 88 TABLE 23 INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 88 7.2 100–300 V 89 7.2.1 RISING ELECTRICITY DEMAND TO DRIVE MARKET GROWTH 89 TABLE 24 100–300 V: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 89 7.3 300–500 V 90 7.3.1 REQUIREMENT FOR UNINTERRUPTED POWER SUPPLY IN COMMERCIAL SECTOR AND VARIOUS INDUSTRIES TO DRIVE MARKET GROWTH 90 TABLE 25 300–500 V: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 90 7.4 ABOVE 500 V 91 7.4.1 RISING INVESTMENTS IN DEVELOPMENT OF ON-GRID PV PLANTS TO DRIVE MARKET GROWTH 91 TABLE 26 ABOVE 500 V: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 91 8 INVERTER MARKET, BY END USER 92 8.1 INTRODUCTION 93 FIGURE 39 INVERTER MARKET SHARE, BY END USER, 2021 93 TABLE 27 INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 93 8.2 RESIDENTIAL 94 8.2.1 GOVERNMENT-LED INITIATIVES TO PROMOTE INSTALLATION OF ROOFTOP SOLAR SYSTEMS TO DRIVE MARKET GROWTH 94 TABLE 28 RESIDENTIAL: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 94 8.3 AUTOMOTIVE 94 8.3.1 GROWING ADOPTION OF ELECTRIC VEHICLES AS NEW MODE OF TRANSPORTATION TO FUEL DEMAND FOR VEHICLE INVERTERS 94 TABLE 29 AUTOMOTIVE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 95 8.4 PHOTOVOLTAIC (PV) PLANTS 95 8.4.1 INCREASING RENEWABLE ENERGY POLICIES IN SEVERAL COUNTRIES TO FUEL MARKET GROWTH 95 TABLE 30 PHOTOVOLTAIC (PV) PLANT: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 95 8.5 OTHERS 96 TABLE 31 OTHERS: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 96 9 INVERTER MARKET, BY TYPE 97 9.1 INTRODUCTION 98 FIGURE 40 INVERTER MARKET SHARE, BY TYPE, 2021 98 TABLE 32 INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 98 TABLE 33 INVERTER MARKET, BY TYPE, 2020–2027 (THOUSAND UNITS) 99 9.2 SOLAR INVERTER 99 TABLE 34 SOLAR INVERTER: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 99 9.2.1 CENTRAL INVERTER 100 9.2.1.1 Rising demand for central inverters in PV plants to drive market growth 100 TABLE 35 CENTRAL INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 100 9.2.2 STRING INVERTER 100 9.2.2.1 Rising installation of solar panels in residential and commercial sectors to boost market growth 100 TABLE 36 STRING INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 101 9.2.3 MICRO-INVERTER 101 9.2.3.1 Increasing demand for micro-inverters in residential sector to fuel market growth 101 TABLE 37 MICRO-INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 102 9.2.4 HYBRID INVERTER 102 9.2.4.1 High-performance feature of hybrid inverters is driving market growth 102 TABLE 38 HYBRID INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 102 9.3 VEHICLE INVERTER 103 TABLE 39 VEHICLE INVERTER: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 103 9.3.1 BATTERY ELECTRIC VEHICLE (BEV) 103 9.3.1.1 Favorable government policies regarding EV vehicles globally to drive market growth 103 TABLE 40 BATTERY ELECTRIC VEHICLE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 104 9.3.2 HYBRID ELECTRIC VEHICLE (HEV) 104 9.3.2.1 Multi-functional program in hybrid electric vehicles to drive market growth 104 TABLE 41 HYBRID ELECTRIC VEHICLE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 105 9.3.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 105 9.3.3.1 Increasing demand for EV vehicles to fuel market growth 105 TABLE 42 PLUG-IN HYBRID ELECTRIC VEHICLE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 105 9.4 OTHERS 106 TABLE 43 OTHERS: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 106 10 INVERTER MARKET, BY CONNECTION TYPE 107 10.1 INTRODUCTION 108 FIGURE 41 INVERTER MARKET SHARE, BY CONNECTION TYPE, 2021 108 TABLE 44 INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 108 10.2 STANDALONE 109 10.2.1 INCREASING RURAL ELECTRIFICATION PROGRAMS IN SEVERAL REGIONS TO BOOST MARKET GROWTH 109 TABLE 45 STANDALONE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 109 10.3 GRID-TIED 109 10.3.1 GOVERNMENT-LED INITIATIVES TO INCREASE SOLAR ENERGY GENERATION TO DRIVE GROWTH OF GRID-TIED INVERTER MARKET 109 TABLE 46 INVERTER MARKET, BY GRID-TIED, 2020–2027 (USD MILLION) 110 10.3.2 CONVENTIONAL INVERTER 110 10.3.2.1 Rise in installation of solar pv systems in residential and commercial sectors to drive market growth 110 TABLE 47 CONVENTIONAL INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 110 10.3.3 SMART INVERTER 111 10.3.3.1 Technological advancements in grid-tied inverters to drive market growth 111 TABLE 48 SMART INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 111 11 INVERTER MARKET, BY SALES CHANNEL 112 11.1 INTRODUCTION 113 FIGURE 42 INVERTER MARKET SHARE, BY SALES CHANNEL, 2021 113 TABLE 49 INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 113 11.2 DIRECT SALES CHANNEL 113 11.2.1 RISING PREFERENCE FOR DIRECTLY PROCURING VEHICLE INVERTERS AMONG AUTOMOBILE MANUFACTURERS TO DRIVE MARKET GROWTH 113 TABLE 50 DIRECT SALES CHANNEL: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 114 11.3 INDIRECT SALES CHANNEL 114 11.3.1 INCREASING SALE OF INVERTERS IN RESIDENTIAL SECTOR AND PV PLANTS THROUGH INDIRECT CHANNELS TO DRIVE MARKET GROWTH 114 TABLE 51 INDIRECT SALES CHANNEL: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 114 12 INVERTER MARKET, BY REGION 115 12.1 INTRODUCTION 116 FIGURE 43 INVERTER MARKET, BY REGION, 2021 (%) 116 FIGURE 44 ASIA PACIFIC INVERTER MARKET TO REGISTER HIGHEST CAGR FROM 2022 TO 2027 117 TABLE 52 INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 117 TABLE 53 INVERTER MARKET, BY REGION, 2020–2027 (THOUSAND UNITS) 118 12.2 ASIA PACIFIC 118 FIGURE 45 SNAPSHOT: INVERTER MARKET IN ASIA PACIFIC 119 12.2.1 BY OUTPUT POWER RATING 120 TABLE 54 ASIA PACIFIC: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 120 12.2.2 BY OUTPUT VOLTAGE 120 TABLE 55 ASIA PACIFIC: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 120 12.2.3 BY END USER 120 TABLE 56 ASIA PACIFIC: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 120 12.2.4 BY TYPE 121 TABLE 57 ASIA PACIFIC: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 121 12.2.5 BY CONNECTION TYPE 121 TABLE 58 ASIA PACIFIC: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 121 12.2.6 BY SALES CHANNEL 121 TABLE 59 ASIA PACIFIC: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 121 12.2.7 BY COUNTRY 122 TABLE 60 ASIA PACIFIC: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 122 12.2.7.1 China 122 12.2.7.1.1 Rising electricity demand in various sectors and presence of favorable government policies to fuel demand for solar inverters 122 TABLE 61 CHINA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 123 12.2.7.2 India 123 12.2.7.2.1 Rise in number of solar rooftop installations and increasing Power Shortage to fuel demand for Inverters in India 123 TABLE 62 INDIA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 124 12.2.7.3 Australia 124 12.2.7.3.1 Presence of favorable government policies for solar energy generation to boost growth of solar inverter market in Australia 124 TABLE 63 AUSTRALIA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 124 12.2.7.4 Japan 125 12.2.7.4.1 Increasing investments in residential and PV utility-scale sectors to drive market growth 125 TABLE 64 JAPAN: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 125 12.2.7.5 Rest of Asia Pacific 125 TABLE 65 REST OF ASIA PACIFIC: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 126 12.3 NORTH AMERICA 126 FIGURE 46 SNAPSHOT: INVERTER MARKET IN NORTH AMERICA 127 12.3.1 BY OUTPUT POWER RATING 127 TABLE 66 NORTH AMERICA: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 127 12.3.2 BY OUTPUT VOLTAGE 128 TABLE 67 NORTH AMERICA: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 128 12.3.3 BY END USER 128 TABLE 68 NORTH AMERICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 128 12.3.4 BY TYPE 128 TABLE 69 NORTH AMERICA: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 128 12.3.5 BY CONNECTION TYPE 129 TABLE 70 NORTH AMERICA: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 129 12.3.6 BY SALES CHANNEL 129 TABLE 71 NORTH AMERICA: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 129 12.3.7 BY COUNTRY 129 TABLE 72 NORTH AMERICA: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 129 12.3.7.1 US 130 12.3.7.1.1 Increasing developments in solar energy field and favorable government policies to drive growth of solar inverter market in US 130 TABLE 73 US: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 130 12.3.7.2 Canada 131 12.3.7.2.1 Rise in residential PV installations and supportive government policies to drive market growth 131 TABLE 74 CANADA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 131 12.3.7.3 Mexico 131 12.3.7.3.1 Increased deployment of clean energy sources in Mexico to fuel market growth 131 TABLE 75 MEXICO: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 132 12.4 EUROPE 132 12.4.1 BY OUTPUT POWER RATING 133 TABLE 76 EUROPE: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 133 12.4.2 BY OUTPUT VOLTAGE 133 TABLE 77 EUROPE: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 133 12.4.3 BY END USER 133 TABLE 78 EUROPE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 133 12.4.4 BY TYPE 134 TABLE 79 EUROPE: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 134 12.4.5 BY CONNECTION TYPE 134 TABLE 80 EUROPE: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 134 12.4.6 BY SALES CHANNEL 134 TABLE 81 EUROPE: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 134 12.4.7 BY COUNTRY 135 TABLE 82 EUROPE: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 135 12.4.7.1 Germany 135 12.4.7.1.1 Growing automotive industry and rising adoption of renewable energy to drive market growth in Germany 135 TABLE 83 GERMANY: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 136 12.4.7.2 UK 136 12.4.7.2.1 Increasing investments in battery production and solar power generation to drive market growth 136 TABLE 84 UK: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 137 12.4.7.3 ITALY 137 12.4.7.3.1 Rising establishment of large-scale PV plants to fuel market growth 137 TABLE 85 ITALY: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 138 12.4.7.4 France 138 12.4.7.4.1 Rising demand for solar inverters in PV plants to propel market growth 138 TABLE 86 FRANCE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 138 12.4.7.5 Spain 139 12.4.7.5.1 Expanding automotive industry to drive market growth 139 TABLE 87 SPAIN: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 139 12.4.7.6 Rest of Europe 139 TABLE 88 REST OF EUROPE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 140 12.5 MIDDLE EAST & AFRICA 140 12.5.1 BY OUTPUT POWER RATING 141 TABLE 89 MIDDLE EAST & AFRICA: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 141 12.5.2 BY OUTPUT VOLTAGE 141 TABLE 90 MIDDLE EAST & AFRICA: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 141 12.5.3 BY END USER 141 TABLE 91 MIDDLE EAST & AFRICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 141 12.5.4 BY TYPE 142 TABLE 92 MIDDLE EAST & AFRICA: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 142 12.5.5 BY CONNECTION TYPE 142 TABLE 93 MIDDLE EAST & AFRICA: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 142 12.5.6 BY SALES CHANNEL 142 TABLE 94 MIDDLE EAST & AFRICA: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 142 12.5.7 BY COUNTRY 143 TABLE 95 MIDDLE EAST & AFRICA: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 143 12.5.7.1 Saudi Arabia 143 12.5.7.1.1 Increasing power generation from solar resources to fuel demand for inverters 143 TABLE 96 SAUDI ARABIA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 144 12.5.7.2 UAE 144 12.5.7.2.1 Rising efforts to develop electricity sector to create demand for inverters in UAE 144 TABLE 97 UAE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 144 12.5.7.3 South Africa 145 12.5.7.3.1 Expanding automotive industry and development of PV plants to fuel growth of inverter market in South Africa 145 TABLE 98 SOUTH AFRICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 145 12.5.7.4 Rest of Middle East & Africa 145 TABLE 99 REST OF MIDDLE EAST & AFRICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 146 12.6 SOUTH AMERICA 146 12.6.1 BY OUTPUT POWER RATING 146 TABLE 100 SOUTH AMERICA: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 146 12.6.2 BY OUTPUT VOLTAGE 147 TABLE 101 SOUTH AMERICA: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 147 12.6.3 BY END USER 147 TABLE 102 SOUTH AMERICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 147 12.6.4 BY TYPE 147 TABLE 103 SOUTH AMERICA: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 147 12.6.5 BY CONNECTION TYPE 148 TABLE 104 SOUTH AMERICA: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 148 12.6.6 BY SALES CHANNEL 148 TABLE 105 SOUTH AMERICA: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 148 12.6.7 BY COUNTRY 148 TABLE 106 SOUTH AMERICA: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 148 12.6.7.1 Brazil 149 12.6.7.1.1 Increasing investments in solar energy technology to propel demand for inverters in Brazil 149 TABLE 107 BRAZIL: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 149 12.6.7.2 Argentina 149 12.6.7.2.1 Government support to promote solar energy renewables to fuel market growth 149 TABLE 108 ARGENTINA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 150 12.6.7.3 Rest of South America 150 TABLE 109 REST OF SOUTH AMERICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 150 13 COMPETITIVE LANDSCAPE 151 13.1 KEY PLAYER’S STRATEGIES/RIGHT TO WIN 151 TABLE 110 OVERVIEW OF STRATEGIES ADOPTED BY TOP PLAYERS, JANUARY 2019 – MARCH 2022 151 13.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 153 TABLE 111 INVERTER MARKET: DEGREE OF COMPETITION 153 FIGURE 47 INVERTER MARKET SHARE ANALYSIS, 2021 154 13.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS 155 FIGURE 48 TOP PLAYERS IN INVERTER MARKET FROM 2017 TO 2021 155 13.4 COMPANY EVALUATION QUADRANT 156 13.4.1 STAR 156 13.4.2 PERVASIVE 156 13.4.3 EMERGING LEADER 156 13.4.4 PARTICIPANT 156 FIGURE 49 INVERTER MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2021 157 13.5 STARTUP/SME EVALUATION QUADRANT, 2021 158 13.5.1 PROGRESSIVE COMPANY 158 13.5.2 RESPONSIVE COMPANY 158 13.5.3 DYNAMIC COMPANY 158 13.5.4 STARTING BLOCK 158 FIGURE 50 INVERTER MARKET: STARTUP/SME EVALUATION QUADRANT, 2021 159 13.5.5 COMPETITIVE BENCHMARKING 159 TABLE 112 INVERTER MARKET: DETAILED LIST OF KEY STARTUPS/SMES 159 TABLE 113 INVERTER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 160 13.6 INVERTER MARKET: COMPANY FOOTPRINT 161 TABLE 114 TYPE: COMPANY FOOTPRINT 161 TABLE 115 OUTPUT POWER RATING: COMPANY FOOTPRINT 162 TABLE 116 BY END USER: COMPANY FOOTPRINT 163 TABLE 117 REGION: COMPANY FOOTPRINT 164 TABLE 118 COMPANY FOOTPRINT 165 13.7 COMPETITIVE SCENARIO 166 TABLE 119 INVERTER MARKET: NEW PRODUCT LAUNCHES, SEPTEMBER 2019–JANUARY 2022 166 TABLE 120 INVERTER MARKET: DEALS, NOVEMBER 2019–MARCH 2022 167 TABLE 121 INVERTER MARKET: OTHERS, NOVEMBER 2021–APRIL 2022 168 14 COMPANY PROFILES 169 (Business and financial overview, Products/solutions/services offered, Recent Developments, MNM view)* 14.1 KEY PLAYERS 169 14.1.1 HUAWEI TECHNOLOGIES 169 TABLE 122 HUAWEI TECHNOLOGIES: BUSINESS OVERVIEW 169 FIGURE 51 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT, 2021 170 TABLE 123 HUAWEI TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 170 TABLE 124 HUAWEI TECHNOLOGIES: PRODUCT LAUNCHES 171 TABLE 125 HUAWEI TECHNOLOGIES: DEALS 172 TABLE 126 HUAWEI TECHNOLOGIES: OTHERS 172 14.1.2 SUNGROW POWER SUPPLY CO., LTD 173 TABLE 127 SUNGROW POWER SUPPLY CO., LTD: BUSINESS OVERVIEW 173 FIGURE 52 SUNGROW POWER SUPPLY CO., LTD: COMPANY SNAPSHOT, 2021 173 TABLE 128 SUNGROW POWER SUPPLY CO., LTD: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 174 TABLE 129 SUNGROW POWER SUPPLY CO., LTD: PRODUCT LAUNCHES 175 TABLE 130 SUNGROW POWER SUPPLY CO., LTD: DEALS 176 TABLE 131 SUNGROW POWER SUPPLY CO., LTD: OTHERS 176 14.1.3 SMA SOLAR TECHNOLOGY AG 178 TABLE 132 SMA SOLAR TECHNOLOGY AG: BUSINESS OVERVIEW 178 FIGURE 53 SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT, 2021 179 TABLE 133 SMA SOLAR TECHNOLOGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179 TABLE 134 SMA SOLAR TECHNOLOGY AG: PRODUCT LAUNCHES 180 TABLE 135 SMA SOLAR TECHNOLOGY AG: DEALS 181 TABLE 136 SMA SOLAR TECHNOLOGY AG: OTHERS 181 14.1.4 POWER ELECTRONICS 183 TABLE 137 POWER ELECTRONICS: BUSINESS OVERVIEW 183 TABLE 138 POWER ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 183 TABLE 139 POWER ELECTRONICS: PRODUCT LAUNCHES 184 14.1.5 FIMER 185 TABLE 140 FIMER: BUSINESS OVERVIEW 185 TABLE 141 FIMER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185 TABLE 142 FIMER: PRODUCT LAUNCHES 186 TABLE 143 FIMER: DEALS 187 TABLE 144 FIMER: OTHERS 187 14.1.6 SOLAREDGE TECHNOLOGIES 189 TABLE 145 SOLAREDGE TECHNOLOGIES: COMPANY OVERVIEW 189 FIGURE 54 SOLAREDGE TECHNOLOGIES: COMPANY SNAPSHOT, 2021 190 TABLE 146 SOLAREDGE TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190 TABLE 147 SOLAREDGE TECHNOLOGIES: PRODUCT LAUNCHES 191 14.1.7 FRONIUS INTERNATIONAL 192 TABLE 148 FRONIUS INTERNATIONAL: BUSINESS OVERVIEW 192 TABLE 149 FRONIUS INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192 TABLE 150 FRONIUS INTERNATIONAL: PRODUCT LAUNCHES 193 TABLE 151 FRONIUS INTERNATIONAL: DEALS 193 14.1.8 ALTENERGY POWER SYSTEM 194 TABLE 152 ALTENERGY POWER SYSTEM: COMPANY OVERVIEW 194 TABLE 153 ALTENERGY POWER SYSTEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194 TABLE 154 ALTENERGY POWER SYSTEM: PRODUCT LAUNCHES 194 14.1.9 ENPHASE ENERGY 195 TABLE 155 ENPHASE ENERGY: COMPANY OVERVIEW 195 FIGURE 55 ENPHASE ENERGY: COMPANY SNAPSHOT, 2021 195 TABLE 156 ENPHASE ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196 TABLE 157 ENPHASE ENERGY: PRODUCT LAUNCHES 196 TABLE 158 ENPHASE ENERGY: DEALS 196 14.1.10 DARFON ELECTRONICS CORPORATION 198 TABLE 159 DARFON ELECTRONICS CORPORATION: COMPANY OVERVIEW 198 FIGURE 56 DAFRON ELECTRONICS: COMPANY SNAPSHOT, 2020 198 TABLE 160 DARFON ELECTRONICS CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 199 TABLE 161 DARFON ELECTRONICS CORPORATION: PRODUCT LAUNCHES 199 14.1.11 SCHNEIDER ELECTRIC 200 TABLE 162 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 200 FIGURE 57 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT, 2021 201 TABLE 163 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201 TABLE 164 SCHNEIDER ELECTRIC: DEALS 202 TABLE 165 SCHNEIDER ELECTRIC: OTHERS 202 14.1.12 GENERAL ELECTRIC 203 TABLE 166 GENERAL ELECTRIC: COMPANY OVERVIEW 203 FIGURE 58 GENERAL ELECTRIC: COMPANY SNAPSHOT, 2021 204 TABLE 167 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204 TABLE 168 GENERAL ELECTRIC: PRODUCT LAUNCHES 205 TABLE 169 GENERAL ELECTRIC: OTHERS 206 14.1.13 DELTA ELECTRONICS 207 TABLE 170 DELTA ELECTRONICS: COMPANY OVERVIEW 207 FIGURE 59 DELTA ELECTRONICS: COMPANY SNAPSHOT, 2020 208 TABLE 171 DELTA ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208 TABLE 172 DELTA ELECTRONICS: PRODUCT LAUNCHES 209 TABLE 173 DELTA ELECTRONICS: DEALS 210 TABLE 174 DELTA ELECTRONICS OTHERS 210 *Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 14.2 OTHER PLAYERS 211 14.2.1 CONTINENTAL 211 14.2.2 DELPHI TECHNOLOGIES 211 14.2.3 SENSATA TECHNOLOGIES 212 14.2.4 SAMLEX EUROPE 212 14.2.5 BESTEK 213 14.2.6 GOODWE 213 14.2.7 TMEIC 214 14.2.8 YASKAWA SOLECTRIA SOLAR 214 14.2.9 KACO NEW ENERGY 215 14.2.10 GROWATT NEW ENERGY 215 14.2.11 TBEA XINJIANG SUNOASIS 215 15 APPENDIX 216 15.1 INSIGHTS OF INDUSTRY EXPERTS 216 15.2 DISCUSSION GUIDE 217 15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 220 15.4 AVAILABLE CUSTOMIZATIONS 222 15.5 RELATED REPORTS 222 15.6 AUTHOR DETAILS 223
SummaryThe inverter market is anticipated to grow from an estimated USD 16.3 billion in 2022 to USD 33.8 billion in 2027, at a CAGR of 15.7% during the forecast period. The market has a promising growth potential due to increased deployment of solar inverters, especially in Asia Pacific. The increasing investments in the renewable energy sector and supportive government initiatives and schemes is propelling demand for inverters. Countries targets on climate change to achieve net-zero goals are shifting them towards sustainability development which increased the demand for electric vehicles and also technological advancements in developing high-power density inverters for various end user applications are expected to offer lucrative opportunities for the inverter market during the forecast period. Table of Contents1 INTRODUCTION 291.1 STUDY OBJECTIVES 29 1.2 DEFINITION 29 1.2.1 INVERTER MARKET, BY OUTPUT POWER RATING: INCLUSIONS AND EXCLUSIONS 30 1.2.2 INVERTER MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS 30 1.2.3 INVERTER MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS 30 1.2.4 INVERTER MARKET, BY OUTPUT VOLTAGE: INCLUSIONS AND EXCLUSIONS 31 1.2.5 INVERTER MARKET, BY CONNECTION TYPE: INCLUSIONS AND EXCLUSIONS 31 1.2.6 INVERTER MARKET, BY SALES CHANNEL: INCLUSIONS AND EXCLUSIONS 31 1.3 MARKET SCOPE 32 1.3.1 MARKET SEGMENTATION 32 1.3.2 REGIONAL SCOPE 32 1.3.3 YEARS CONSIDERED 33 1.4 CURRENCY 33 1.5 LIMITATIONS 33 1.6 STAKEHOLDERS 34 1.7 SUMMARY OF CHANGES 34 2 RESEARCH METHODOLOGY 35 2.1 RESEARCH DATA 35 FIGURE 1 INVERTER MARKET: RESEARCH DESIGN 35 2.1.1 SECONDARY DATA 37 2.1.1.1 Key data from secondary sources 37 2.1.2 PRIMARY DATA 38 2.1.2.1 Key data from primary sources 38 2.1.2.2 Key data from primary insides 38 2.1.2.3 Breakdown of primaries 39 2.2 MARKET SIZE ESTIMATION 39 2.2.1 BOTTOM-UP APPROACH 40 2.2.1.1 Approach for arriving at market size using bottom-up approach (demand side) 40 FIGURE 2 INVERTER MARKET BOTTOM-UP APPROACH 41 2.2.2 TOP-DOWN APPROACH 41 2.2.2.1 Approach for arriving at market size using top-down approach (Supply side) 41 FIGURE 3 INVERTER MARKET TOP-DOWN APPROACH 42 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BASED ON SUPPLY SIDE ANALYSIS 42 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 43 FIGURE 5 DATA TRIANGULATION 43 2.4 KEY ASSUMPTIONS 44 FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY 44 2.5 FORECAST 44 3 EXECUTIVE SUMMARY 45 TABLE 1 INVERTER MARKET SNAPSHOT 45 FIGURE 7 SOLAR INVERTER SEGMENT TO LEAD INVERTER MARKET, BY TYPE, DURING FORECAST PERIOD 46 FIGURE 8 100–300 V SEGMENT TO LEAD INVERTER MARKET, BY OUTPUT VOLTAGE, DURING FORECAST PERIOD 46 FIGURE 9 BELOW 10 KW SEGMENT TO LEAD INVERTER MARKET, BY POWER RATING, DURING FORECAST PERIOD 47 FIGURE 10 GRID-TIED SEGMENT TO LEAD INVERTER MARKET, BY CONNECTION TYPE, DURING FORECAST PERIOD 47 FIGURE 11 INDIRECT SEGMENT TO LEAD INVERTER MARKET, BY SALES CHANNEL, DURING FORECAST PERIOD 48 FIGURE 12 RESIDENTIAL SEGMENT TO LEAD INVERTER MARKET, BY END USER, DURING FORECAST PERIOD 48 FIGURE 13 ASIA PACIFIC TO DOMINATE INVERTER MARKET DURING FORECAST PERIOD 49 4 PREMIUM INSIGHTS 50 4.1 ATTRACTIVE OPPORTUNITIES IN INVERTER MARKET 50 FIGURE 14 GOVERNMENT-LED INITIATIVES RELATED TO PV PLANTS AND AUTOMOTIVE INDUSTRY TO DRIVE GROWTH OF INVERTER MARKET DURING FORECAST PERIOD 50 4.2 INVERTER MARKET, BY REGION 50 FIGURE 15 ASIA PACIFIC INVERTER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 50 4.3 INVERTER MARKET, BY TYPE 51 FIGURE 16 SOLAR INVERTER SEGMENT DOMINATED INVERTER MARKET IN 2021 51 4.4 INVERTER MARKET, BY OUTPUT VOLTAGE 51 FIGURE 17 100–300 V SEGMENT DOMINATED INVERTER MARKET IN 2021 51 4.5 INVERTER MARKET, BY POWER RATING 52 FIGURE 18 BELOW 10 KW SEGMENT HELD LARGEST SHARE OF INVERTER MARKET IN 2021 52 4.6 INVERTER MARKET, BY CONNECTION TYPE 52 FIGURE 19 GRID-TIED SEGMENT HELD LARGER SHARE OF INVERTER MARKET IN 2021 52 4.7 INVERTER MARKET, BY SALES CHANNEL 53 FIGURE 20 INDIRECT SALES SEGMENT HELD LARGER SHARE OF INVERTER MARKET IN 2021 53 4.8 INVERTER MARKET, BY END USER 53 FIGURE 21 RESIDENTIAL SEGMENT DOMINATED INVERTER MARKET IN 2021 53 5 MARKET OVERVIEW 54 5.1 INTRODUCTION 54 5.2 MARKET DYNAMICS 54 FIGURE 22 INVERTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54 5.2.1 DRIVERS 55 5.2.1.1 Increasing investments in renewable energy sector 55 FIGURE 23 GLOBAL NET SOLAR CAPACITY ADDITION (GW) 55 FIGURE 24 GLOBAL INVESTMENTS IN RENEWABLE ENERGY SOURCES IN 2019 (USD BILLION) 55 5.2.1.2 Rising number of solar installations attributed to government-led incentives and schemes 56 5.2.1.3 Growing demand for residential solar rooftop installations and distributed energy resources (DERs) 57 5.2.2 RESTRAINTS 57 5.2.2.1 Safety risks associated with high DC voltages 57 5.2.2.2 Strain on batteries due to prolonged use of inverters 57 5.2.3 OPPORTUNITIES 58 5.2.3.1 Growing demand for electric vehicles 58 5.2.3.2 Increasing investments in development of smart grids 58 5.2.3.3 Technological innovations in inverters and development of high-power density inverters 59 5.2.4 CHALLENGES 60 5.2.4.1 Availability of low-quality and cheap products in gray market and pricing pressure on manufactures 60 5.2.4.2 Shortage of components and parts due to COVID-19 crisis 60 TABLE 2 REGION/COUNTRY-WISE PERCENTAGE DEVIATION FROM BENCHMARKS DUE TO COVID-19 61 5.3 PORTER’S FIVE FORCES ANALYSIS 62 TABLE 3 INVERTER MARKET: PORTER’S FIVE FORCES ANALYSIS 62 FIGURE 27 PORTER’S FIVE FORCES ANALYSIS 62 5.3.1 THREAT OF SUBSTITUTES 63 5.3.2 BARGAINING POWER OF SUPPLIERS 63 5.3.3 BARGAINING POWER OF BUYERS 63 5.3.4 THREAT OF NEW ENTRANTS 63 5.3.5 INTENSITY OF COMPETITIVE RIVALRY 63 5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 64 5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS 64 FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER 64 TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER (%) 64 5.4.2 BUYING CRITERIA 64 FIGURE 29 KEY BUYING CRITERIA FOR END USERS 64 TABLE 5 KEY BUYING CRITERIA, BY END USER 65 5.5 COVID-19 IMPACT ANALYSIS 65 5.5.1 COVID-19 HEALTH ASSESSMENT 65 FIGURE 30 COVID-19 GLOBAL PROPAGATION 66 FIGURE 31 COVID-19 PROPAGATION IN SELECTED COUNTRIES 66 5.5.2 COVID-19 ECONOMIC ASSESSMENT 67 FIGURE 32 REVISED GDP FORECASTS FOR SELECTED G20 COUNTRIES IN 2020 67 5.6 AVERAGE SELLING PRICE TREND 68 FIGURE 33 AVERAGE SELLING PRICES OF INVERTERS OF DIFFERENT OUTPUT POWER RATINGS 68 TABLE 6 AVERAGE SELLING PRICES OF INVERTERS OF DIFFERENT OUTPUT POWER RATINGS (USD) 68 5.7 VALUE CHAIN ANALYSIS 69 FIGURE 34 INVERTER MARKET VALUE CHAIN 69 5.7.1 RESEARCH AND DEVELOPMENT 69 5.7.2 COMPONENT PROVIDERS 69 5.7.3 MANUFACTURERS/ASSEMBLERS 69 5.7.4 SYSTEM INTEGRATORS AND DISTRIBUTORS 70 5.7.5 END USERS 70 5.7.6 POST-SALES SERVICES 70 5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 70 5.8.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INVERTER MANUFACTURERS 70 FIGURE 35 REVENUE SHIFT FOR INVERTERS 70 5.9 TECHNOLOGY ANALYSIS 71 5.9.1 Z-SOURCE INVERTER 71 5.9.2 SOLAR MICRO-INVERTER 71 5.10 KEY CONFERENCES AND EVENTS BETWEEN 2022 AND 2023 72 TABLE 7 INVERTER MARKET: DETAILED LIST OF CONFERENCES & EVENTS 72 5.11 MARKET MAP 73 FIGURE 36 MARKET MAP FOR INVERTER 73 5.12 INNOVATIONS AND PATENT REGISTRATIONS 73 TABLE 8 INVERTER MARKET: PATENTS & INNOVATIONS 73 5.13 TRADE DATA STATISTICS 75 TABLE 9 ELECTRICAL STATIC CONVERTER MARKET: IMPORT STATISTICS, 2018–2021 (USD MILLION) 75 TABLE 10 ELECTRICAL STATIC CONVERTER MARKET: EXPORT STATISTICS, 2018–2021 (USD MILLION) 75 5.14 CASE STUDY ANALYSIS 75 5.14.1 SUNGROW PROVIDES TURNKEY SOLUTION TO SOLAR POWER PLANT IN BARGAS, SPAIN, 2021 75 5.14.2 MAN TRUCKS & BUSES, SOUTH AFRICA, DECIDED TO GO GREEN WITH GOODWE INVERTERS, 2021 76 5.14.3 FIMER PROVIDED INVERTER TO FIVE MID-LARGE SCALE SOLAR FARM PROJECTS IN REGIONAL SOUTH AUSTRALIA, 2021 76 5.15 TARIFFS, CODES, AND REGULATIONS 76 5.15.1 TARIFFS RELATED TO INVERTERS 77 TABLE 11 IMPORT TARIFFS FOR HS 850440, ELECTRICAL STATIC CONVERTERS 77 5.15.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79 TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79 TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79 TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80 TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80 TABLE 16 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80 5.15.3 CODES AND REGULATIONS RELATED TO INVERTERS 81 TABLE 17 GLOBAL: CODES AND REGULATIONS 81 6 INVERTER MARKET, BY OUTPUT POWER RATING 82 6.1 INTRODUCTION 83 FIGURE 37 INVERTER MARKET SHARE, BY OUTPUT POWER RATING, 2021 83 TABLE 18 INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 83 6.2 BELOW 10 KW 84 6.2.1 RISING DEMAND FOR RESIDENTIAL INVERTORS IN RESIDENTIAL SECTOR TO FUEL MARKET GROWTH 84 TABLE 19 BELOW 10 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 84 6.3 10–50 KW 84 6.3.1 EXPANDING COMMERCIAL SECTOR TO FUEL DEMAND FOR INVERTERS WITH 10–50 KW OUTPUT POWER RATING 84 TABLE 20 10–50 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 85 6.4 50–100 KW 85 6.4.1 GROWING DEMAND FOR SOLAR INVERTERS IN PV PLANTS AND VARIOUS INDUSTRIES TO BOOST MARKET GROWTH 85 TABLE 21 50–100 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 85 6.5 ABOVE 100 KW 86 6.5.1 RISING NUMBER OF PV PLANTS AND EXPANDING AUTOMOTIVE INDUSTRY TO DRIVE MARKET GROWTH 86 TABLE 22 ABOVE 100 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 86 7 INVERTER MARKET, BY OUTPUT VOLTAGE 87 7.1 INTRODUCTION 88 FIGURE 38 INVERTER MARKET SHARE, BY OUTPUT VOLTAGE, 2021 88 TABLE 23 INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 88 7.2 100–300 V 89 7.2.1 RISING ELECTRICITY DEMAND TO DRIVE MARKET GROWTH 89 TABLE 24 100–300 V: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 89 7.3 300–500 V 90 7.3.1 REQUIREMENT FOR UNINTERRUPTED POWER SUPPLY IN COMMERCIAL SECTOR AND VARIOUS INDUSTRIES TO DRIVE MARKET GROWTH 90 TABLE 25 300–500 V: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 90 7.4 ABOVE 500 V 91 7.4.1 RISING INVESTMENTS IN DEVELOPMENT OF ON-GRID PV PLANTS TO DRIVE MARKET GROWTH 91 TABLE 26 ABOVE 500 V: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 91 8 INVERTER MARKET, BY END USER 92 8.1 INTRODUCTION 93 FIGURE 39 INVERTER MARKET SHARE, BY END USER, 2021 93 TABLE 27 INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 93 8.2 RESIDENTIAL 94 8.2.1 GOVERNMENT-LED INITIATIVES TO PROMOTE INSTALLATION OF ROOFTOP SOLAR SYSTEMS TO DRIVE MARKET GROWTH 94 TABLE 28 RESIDENTIAL: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 94 8.3 AUTOMOTIVE 94 8.3.1 GROWING ADOPTION OF ELECTRIC VEHICLES AS NEW MODE OF TRANSPORTATION TO FUEL DEMAND FOR VEHICLE INVERTERS 94 TABLE 29 AUTOMOTIVE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 95 8.4 PHOTOVOLTAIC (PV) PLANTS 95 8.4.1 INCREASING RENEWABLE ENERGY POLICIES IN SEVERAL COUNTRIES TO FUEL MARKET GROWTH 95 TABLE 30 PHOTOVOLTAIC (PV) PLANT: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 95 8.5 OTHERS 96 TABLE 31 OTHERS: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 96 9 INVERTER MARKET, BY TYPE 97 9.1 INTRODUCTION 98 FIGURE 40 INVERTER MARKET SHARE, BY TYPE, 2021 98 TABLE 32 INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 98 TABLE 33 INVERTER MARKET, BY TYPE, 2020–2027 (THOUSAND UNITS) 99 9.2 SOLAR INVERTER 99 TABLE 34 SOLAR INVERTER: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 99 9.2.1 CENTRAL INVERTER 100 9.2.1.1 Rising demand for central inverters in PV plants to drive market growth 100 TABLE 35 CENTRAL INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 100 9.2.2 STRING INVERTER 100 9.2.2.1 Rising installation of solar panels in residential and commercial sectors to boost market growth 100 TABLE 36 STRING INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 101 9.2.3 MICRO-INVERTER 101 9.2.3.1 Increasing demand for micro-inverters in residential sector to fuel market growth 101 TABLE 37 MICRO-INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 102 9.2.4 HYBRID INVERTER 102 9.2.4.1 High-performance feature of hybrid inverters is driving market growth 102 TABLE 38 HYBRID INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 102 9.3 VEHICLE INVERTER 103 TABLE 39 VEHICLE INVERTER: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 103 9.3.1 BATTERY ELECTRIC VEHICLE (BEV) 103 9.3.1.1 Favorable government policies regarding EV vehicles globally to drive market growth 103 TABLE 40 BATTERY ELECTRIC VEHICLE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 104 9.3.2 HYBRID ELECTRIC VEHICLE (HEV) 104 9.3.2.1 Multi-functional program in hybrid electric vehicles to drive market growth 104 TABLE 41 HYBRID ELECTRIC VEHICLE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 105 9.3.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 105 9.3.3.1 Increasing demand for EV vehicles to fuel market growth 105 TABLE 42 PLUG-IN HYBRID ELECTRIC VEHICLE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 105 9.4 OTHERS 106 TABLE 43 OTHERS: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 106 10 INVERTER MARKET, BY CONNECTION TYPE 107 10.1 INTRODUCTION 108 FIGURE 41 INVERTER MARKET SHARE, BY CONNECTION TYPE, 2021 108 TABLE 44 INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 108 10.2 STANDALONE 109 10.2.1 INCREASING RURAL ELECTRIFICATION PROGRAMS IN SEVERAL REGIONS TO BOOST MARKET GROWTH 109 TABLE 45 STANDALONE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 109 10.3 GRID-TIED 109 10.3.1 GOVERNMENT-LED INITIATIVES TO INCREASE SOLAR ENERGY GENERATION TO DRIVE GROWTH OF GRID-TIED INVERTER MARKET 109 TABLE 46 INVERTER MARKET, BY GRID-TIED, 2020–2027 (USD MILLION) 110 10.3.2 CONVENTIONAL INVERTER 110 10.3.2.1 Rise in installation of solar pv systems in residential and commercial sectors to drive market growth 110 TABLE 47 CONVENTIONAL INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 110 10.3.3 SMART INVERTER 111 10.3.3.1 Technological advancements in grid-tied inverters to drive market growth 111 TABLE 48 SMART INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 111 11 INVERTER MARKET, BY SALES CHANNEL 112 11.1 INTRODUCTION 113 FIGURE 42 INVERTER MARKET SHARE, BY SALES CHANNEL, 2021 113 TABLE 49 INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 113 11.2 DIRECT SALES CHANNEL 113 11.2.1 RISING PREFERENCE FOR DIRECTLY PROCURING VEHICLE INVERTERS AMONG AUTOMOBILE MANUFACTURERS TO DRIVE MARKET GROWTH 113 TABLE 50 DIRECT SALES CHANNEL: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 114 11.3 INDIRECT SALES CHANNEL 114 11.3.1 INCREASING SALE OF INVERTERS IN RESIDENTIAL SECTOR AND PV PLANTS THROUGH INDIRECT CHANNELS TO DRIVE MARKET GROWTH 114 TABLE 51 INDIRECT SALES CHANNEL: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 114 12 INVERTER MARKET, BY REGION 115 12.1 INTRODUCTION 116 FIGURE 43 INVERTER MARKET, BY REGION, 2021 (%) 116 FIGURE 44 ASIA PACIFIC INVERTER MARKET TO REGISTER HIGHEST CAGR FROM 2022 TO 2027 117 TABLE 52 INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 117 TABLE 53 INVERTER MARKET, BY REGION, 2020–2027 (THOUSAND UNITS) 118 12.2 ASIA PACIFIC 118 FIGURE 45 SNAPSHOT: INVERTER MARKET IN ASIA PACIFIC 119 12.2.1 BY OUTPUT POWER RATING 120 TABLE 54 ASIA PACIFIC: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 120 12.2.2 BY OUTPUT VOLTAGE 120 TABLE 55 ASIA PACIFIC: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 120 12.2.3 BY END USER 120 TABLE 56 ASIA PACIFIC: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 120 12.2.4 BY TYPE 121 TABLE 57 ASIA PACIFIC: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 121 12.2.5 BY CONNECTION TYPE 121 TABLE 58 ASIA PACIFIC: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 121 12.2.6 BY SALES CHANNEL 121 TABLE 59 ASIA PACIFIC: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 121 12.2.7 BY COUNTRY 122 TABLE 60 ASIA PACIFIC: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 122 12.2.7.1 China 122 12.2.7.1.1 Rising electricity demand in various sectors and presence of favorable government policies to fuel demand for solar inverters 122 TABLE 61 CHINA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 123 12.2.7.2 India 123 12.2.7.2.1 Rise in number of solar rooftop installations and increasing Power Shortage to fuel demand for Inverters in India 123 TABLE 62 INDIA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 124 12.2.7.3 Australia 124 12.2.7.3.1 Presence of favorable government policies for solar energy generation to boost growth of solar inverter market in Australia 124 TABLE 63 AUSTRALIA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 124 12.2.7.4 Japan 125 12.2.7.4.1 Increasing investments in residential and PV utility-scale sectors to drive market growth 125 TABLE 64 JAPAN: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 125 12.2.7.5 Rest of Asia Pacific 125 TABLE 65 REST OF ASIA PACIFIC: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 126 12.3 NORTH AMERICA 126 FIGURE 46 SNAPSHOT: INVERTER MARKET IN NORTH AMERICA 127 12.3.1 BY OUTPUT POWER RATING 127 TABLE 66 NORTH AMERICA: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 127 12.3.2 BY OUTPUT VOLTAGE 128 TABLE 67 NORTH AMERICA: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 128 12.3.3 BY END USER 128 TABLE 68 NORTH AMERICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 128 12.3.4 BY TYPE 128 TABLE 69 NORTH AMERICA: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 128 12.3.5 BY CONNECTION TYPE 129 TABLE 70 NORTH AMERICA: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 129 12.3.6 BY SALES CHANNEL 129 TABLE 71 NORTH AMERICA: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 129 12.3.7 BY COUNTRY 129 TABLE 72 NORTH AMERICA: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 129 12.3.7.1 US 130 12.3.7.1.1 Increasing developments in solar energy field and favorable government policies to drive growth of solar inverter market in US 130 TABLE 73 US: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 130 12.3.7.2 Canada 131 12.3.7.2.1 Rise in residential PV installations and supportive government policies to drive market growth 131 TABLE 74 CANADA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 131 12.3.7.3 Mexico 131 12.3.7.3.1 Increased deployment of clean energy sources in Mexico to fuel market growth 131 TABLE 75 MEXICO: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 132 12.4 EUROPE 132 12.4.1 BY OUTPUT POWER RATING 133 TABLE 76 EUROPE: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 133 12.4.2 BY OUTPUT VOLTAGE 133 TABLE 77 EUROPE: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 133 12.4.3 BY END USER 133 TABLE 78 EUROPE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 133 12.4.4 BY TYPE 134 TABLE 79 EUROPE: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 134 12.4.5 BY CONNECTION TYPE 134 TABLE 80 EUROPE: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 134 12.4.6 BY SALES CHANNEL 134 TABLE 81 EUROPE: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 134 12.4.7 BY COUNTRY 135 TABLE 82 EUROPE: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 135 12.4.7.1 Germany 135 12.4.7.1.1 Growing automotive industry and rising adoption of renewable energy to drive market growth in Germany 135 TABLE 83 GERMANY: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 136 12.4.7.2 UK 136 12.4.7.2.1 Increasing investments in battery production and solar power generation to drive market growth 136 TABLE 84 UK: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 137 12.4.7.3 ITALY 137 12.4.7.3.1 Rising establishment of large-scale PV plants to fuel market growth 137 TABLE 85 ITALY: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 138 12.4.7.4 France 138 12.4.7.4.1 Rising demand for solar inverters in PV plants to propel market growth 138 TABLE 86 FRANCE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 138 12.4.7.5 Spain 139 12.4.7.5.1 Expanding automotive industry to drive market growth 139 TABLE 87 SPAIN: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 139 12.4.7.6 Rest of Europe 139 TABLE 88 REST OF EUROPE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 140 12.5 MIDDLE EAST & AFRICA 140 12.5.1 BY OUTPUT POWER RATING 141 TABLE 89 MIDDLE EAST & AFRICA: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 141 12.5.2 BY OUTPUT VOLTAGE 141 TABLE 90 MIDDLE EAST & AFRICA: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 141 12.5.3 BY END USER 141 TABLE 91 MIDDLE EAST & AFRICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 141 12.5.4 BY TYPE 142 TABLE 92 MIDDLE EAST & AFRICA: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 142 12.5.5 BY CONNECTION TYPE 142 TABLE 93 MIDDLE EAST & AFRICA: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 142 12.5.6 BY SALES CHANNEL 142 TABLE 94 MIDDLE EAST & AFRICA: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 142 12.5.7 BY COUNTRY 143 TABLE 95 MIDDLE EAST & AFRICA: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 143 12.5.7.1 Saudi Arabia 143 12.5.7.1.1 Increasing power generation from solar resources to fuel demand for inverters 143 TABLE 96 SAUDI ARABIA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 144 12.5.7.2 UAE 144 12.5.7.2.1 Rising efforts to develop electricity sector to create demand for inverters in UAE 144 TABLE 97 UAE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 144 12.5.7.3 South Africa 145 12.5.7.3.1 Expanding automotive industry and development of PV plants to fuel growth of inverter market in South Africa 145 TABLE 98 SOUTH AFRICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 145 12.5.7.4 Rest of Middle East & Africa 145 TABLE 99 REST OF MIDDLE EAST & AFRICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 146 12.6 SOUTH AMERICA 146 12.6.1 BY OUTPUT POWER RATING 146 TABLE 100 SOUTH AMERICA: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION) 146 12.6.2 BY OUTPUT VOLTAGE 147 TABLE 101 SOUTH AMERICA: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION) 147 12.6.3 BY END USER 147 TABLE 102 SOUTH AMERICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 147 12.6.4 BY TYPE 147 TABLE 103 SOUTH AMERICA: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION) 147 12.6.5 BY CONNECTION TYPE 148 TABLE 104 SOUTH AMERICA: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION) 148 12.6.6 BY SALES CHANNEL 148 TABLE 105 SOUTH AMERICA: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION) 148 12.6.7 BY COUNTRY 148 TABLE 106 SOUTH AMERICA: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 148 12.6.7.1 Brazil 149 12.6.7.1.1 Increasing investments in solar energy technology to propel demand for inverters in Brazil 149 TABLE 107 BRAZIL: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 149 12.6.7.2 Argentina 149 12.6.7.2.1 Government support to promote solar energy renewables to fuel market growth 149 TABLE 108 ARGENTINA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 150 12.6.7.3 Rest of South America 150 TABLE 109 REST OF SOUTH AMERICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION) 150 13 COMPETITIVE LANDSCAPE 151 13.1 KEY PLAYER’S STRATEGIES/RIGHT TO WIN 151 TABLE 110 OVERVIEW OF STRATEGIES ADOPTED BY TOP PLAYERS, JANUARY 2019 – MARCH 2022 151 13.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 153 TABLE 111 INVERTER MARKET: DEGREE OF COMPETITION 153 FIGURE 47 INVERTER MARKET SHARE ANALYSIS, 2021 154 13.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS 155 FIGURE 48 TOP PLAYERS IN INVERTER MARKET FROM 2017 TO 2021 155 13.4 COMPANY EVALUATION QUADRANT 156 13.4.1 STAR 156 13.4.2 PERVASIVE 156 13.4.3 EMERGING LEADER 156 13.4.4 PARTICIPANT 156 FIGURE 49 INVERTER MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2021 157 13.5 STARTUP/SME EVALUATION QUADRANT, 2021 158 13.5.1 PROGRESSIVE COMPANY 158 13.5.2 RESPONSIVE COMPANY 158 13.5.3 DYNAMIC COMPANY 158 13.5.4 STARTING BLOCK 158 FIGURE 50 INVERTER MARKET: STARTUP/SME EVALUATION QUADRANT, 2021 159 13.5.5 COMPETITIVE BENCHMARKING 159 TABLE 112 INVERTER MARKET: DETAILED LIST OF KEY STARTUPS/SMES 159 TABLE 113 INVERTER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 160 13.6 INVERTER MARKET: COMPANY FOOTPRINT 161 TABLE 114 TYPE: COMPANY FOOTPRINT 161 TABLE 115 OUTPUT POWER RATING: COMPANY FOOTPRINT 162 TABLE 116 BY END USER: COMPANY FOOTPRINT 163 TABLE 117 REGION: COMPANY FOOTPRINT 164 TABLE 118 COMPANY FOOTPRINT 165 13.7 COMPETITIVE SCENARIO 166 TABLE 119 INVERTER MARKET: NEW PRODUCT LAUNCHES, SEPTEMBER 2019–JANUARY 2022 166 TABLE 120 INVERTER MARKET: DEALS, NOVEMBER 2019–MARCH 2022 167 TABLE 121 INVERTER MARKET: OTHERS, NOVEMBER 2021–APRIL 2022 168 14 COMPANY PROFILES 169 (Business and financial overview, Products/solutions/services offered, Recent Developments, MNM view)* 14.1 KEY PLAYERS 169 14.1.1 HUAWEI TECHNOLOGIES 169 TABLE 122 HUAWEI TECHNOLOGIES: BUSINESS OVERVIEW 169 FIGURE 51 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT, 2021 170 TABLE 123 HUAWEI TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 170 TABLE 124 HUAWEI TECHNOLOGIES: PRODUCT LAUNCHES 171 TABLE 125 HUAWEI TECHNOLOGIES: DEALS 172 TABLE 126 HUAWEI TECHNOLOGIES: OTHERS 172 14.1.2 SUNGROW POWER SUPPLY CO., LTD 173 TABLE 127 SUNGROW POWER SUPPLY CO., LTD: BUSINESS OVERVIEW 173 FIGURE 52 SUNGROW POWER SUPPLY CO., LTD: COMPANY SNAPSHOT, 2021 173 TABLE 128 SUNGROW POWER SUPPLY CO., LTD: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 174 TABLE 129 SUNGROW POWER SUPPLY CO., LTD: PRODUCT LAUNCHES 175 TABLE 130 SUNGROW POWER SUPPLY CO., LTD: DEALS 176 TABLE 131 SUNGROW POWER SUPPLY CO., LTD: OTHERS 176 14.1.3 SMA SOLAR TECHNOLOGY AG 178 TABLE 132 SMA SOLAR TECHNOLOGY AG: BUSINESS OVERVIEW 178 FIGURE 53 SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT, 2021 179 TABLE 133 SMA SOLAR TECHNOLOGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179 TABLE 134 SMA SOLAR TECHNOLOGY AG: PRODUCT LAUNCHES 180 TABLE 135 SMA SOLAR TECHNOLOGY AG: DEALS 181 TABLE 136 SMA SOLAR TECHNOLOGY AG: OTHERS 181 14.1.4 POWER ELECTRONICS 183 TABLE 137 POWER ELECTRONICS: BUSINESS OVERVIEW 183 TABLE 138 POWER ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 183 TABLE 139 POWER ELECTRONICS: PRODUCT LAUNCHES 184 14.1.5 FIMER 185 TABLE 140 FIMER: BUSINESS OVERVIEW 185 TABLE 141 FIMER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185 TABLE 142 FIMER: PRODUCT LAUNCHES 186 TABLE 143 FIMER: DEALS 187 TABLE 144 FIMER: OTHERS 187 14.1.6 SOLAREDGE TECHNOLOGIES 189 TABLE 145 SOLAREDGE TECHNOLOGIES: COMPANY OVERVIEW 189 FIGURE 54 SOLAREDGE TECHNOLOGIES: COMPANY SNAPSHOT, 2021 190 TABLE 146 SOLAREDGE TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190 TABLE 147 SOLAREDGE TECHNOLOGIES: PRODUCT LAUNCHES 191 14.1.7 FRONIUS INTERNATIONAL 192 TABLE 148 FRONIUS INTERNATIONAL: BUSINESS OVERVIEW 192 TABLE 149 FRONIUS INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192 TABLE 150 FRONIUS INTERNATIONAL: PRODUCT LAUNCHES 193 TABLE 151 FRONIUS INTERNATIONAL: DEALS 193 14.1.8 ALTENERGY POWER SYSTEM 194 TABLE 152 ALTENERGY POWER SYSTEM: COMPANY OVERVIEW 194 TABLE 153 ALTENERGY POWER SYSTEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194 TABLE 154 ALTENERGY POWER SYSTEM: PRODUCT LAUNCHES 194 14.1.9 ENPHASE ENERGY 195 TABLE 155 ENPHASE ENERGY: COMPANY OVERVIEW 195 FIGURE 55 ENPHASE ENERGY: COMPANY SNAPSHOT, 2021 195 TABLE 156 ENPHASE ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196 TABLE 157 ENPHASE ENERGY: PRODUCT LAUNCHES 196 TABLE 158 ENPHASE ENERGY: DEALS 196 14.1.10 DARFON ELECTRONICS CORPORATION 198 TABLE 159 DARFON ELECTRONICS CORPORATION: COMPANY OVERVIEW 198 FIGURE 56 DAFRON ELECTRONICS: COMPANY SNAPSHOT, 2020 198 TABLE 160 DARFON ELECTRONICS CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 199 TABLE 161 DARFON ELECTRONICS CORPORATION: PRODUCT LAUNCHES 199 14.1.11 SCHNEIDER ELECTRIC 200 TABLE 162 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 200 FIGURE 57 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT, 2021 201 TABLE 163 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201 TABLE 164 SCHNEIDER ELECTRIC: DEALS 202 TABLE 165 SCHNEIDER ELECTRIC: OTHERS 202 14.1.12 GENERAL ELECTRIC 203 TABLE 166 GENERAL ELECTRIC: COMPANY OVERVIEW 203 FIGURE 58 GENERAL ELECTRIC: COMPANY SNAPSHOT, 2021 204 TABLE 167 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204 TABLE 168 GENERAL ELECTRIC: PRODUCT LAUNCHES 205 TABLE 169 GENERAL ELECTRIC: OTHERS 206 14.1.13 DELTA ELECTRONICS 207 TABLE 170 DELTA ELECTRONICS: COMPANY OVERVIEW 207 FIGURE 59 DELTA ELECTRONICS: COMPANY SNAPSHOT, 2020 208 TABLE 171 DELTA ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208 TABLE 172 DELTA ELECTRONICS: PRODUCT LAUNCHES 209 TABLE 173 DELTA ELECTRONICS: DEALS 210 TABLE 174 DELTA ELECTRONICS OTHERS 210 *Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 14.2 OTHER PLAYERS 211 14.2.1 CONTINENTAL 211 14.2.2 DELPHI TECHNOLOGIES 211 14.2.3 SENSATA TECHNOLOGIES 212 14.2.4 SAMLEX EUROPE 212 14.2.5 BESTEK 213 14.2.6 GOODWE 213 14.2.7 TMEIC 214 14.2.8 YASKAWA SOLECTRIA SOLAR 214 14.2.9 KACO NEW ENERGY 215 14.2.10 GROWATT NEW ENERGY 215 14.2.11 TBEA XINJIANG SUNOASIS 215 15 APPENDIX 216 15.1 INSIGHTS OF INDUSTRY EXPERTS 216 15.2 DISCUSSION GUIDE 217 15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 220 15.4 AVAILABLE CUSTOMIZATIONS 222 15.5 RELATED REPORTS 222 15.6 AUTHOR DETAILS 223
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よくあるご質問MarketsandMarkets社はどのような調査会社ですか?マーケッツアンドマーケッツ(MarketsandMarkets)は通信、半導体、医療機器、エネルギーなど、幅広い市場に関する調査レポートを出版しています。また広範な市場を対象としたカスタム調査も行って... もっと見る 調査レポートの納品までの日数はどの程度ですか?在庫のあるものは速納となりますが、平均的には 3-4日と見て下さい。
注文の手続きはどのようになっていますか?1)お客様からの御問い合わせをいただきます。
お支払方法の方法はどのようになっていますか?納品と同時にデータリソース社よりお客様へ請求書(必要に応じて納品書も)を発送いたします。
データリソース社はどのような会社ですか?当社は、世界各国の主要調査会社・レポート出版社と提携し、世界各国の市場調査レポートや技術動向レポートなどを日本国内の企業・公官庁及び教育研究機関に提供しております。
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2024/11/13 10:29 155.97 円 166.03 円 201.39 円 |