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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。

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目次

1 INTRODUCTION 29
1.1 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