Summary

Grid-forming Inverter Market Research Report Information By Type (micro inverters, string inverters and central inverters), By Power Rating (below 50 kW, 50-100 kW, and above 100 kW), By Voltage (100-300 V, 300-500 V and above 500 V) By End User (Residential, Commercial, Others) and By Region Global Grid-forming Inverter Forecast to 2030


Market Overview
The Grid-forming Inverter Market industry is predicted to increase from USD 712.17 million in 2023 to USD 1,277.3 million by 2030, displaying a compound yearly growth rate (CAGR) of 8.70% during the forecast period. Increasing investments in the renewable energy industry and rapid infrastructural development and growing demand for reliable energy sources are likely to boost the growth of the Grid-forming Inverter market over the forecast length. In addition, Significant market growth potential of electric vehicle sector provide a lucrative opportunity to the manufacturers in the market.
With increased environmental concerns, there has been a movement in emphasis toward renewable energy globally. Various countries' governments have expanded their investments in supply of clean energy incentive programs for renewable energy development, which is anticipated to be a key driver for the worldwide grid-forming inverters market in the years to come. Many nations have built substantial policy frameworks to assist renewable energy, resulting in fast technological scaling-up. Renewable energy sources play a vital role in assuring sustainable energy with decreased emissions. Renewable energy technologies are already considered to have the ability to greatly cover power demand while lowering emissions. Furthermore, technical developments have boosted the efficiency and cost-effectiveness of renewable energy systems. Solar photovoltaic (PV) panels, wind turbines, and energy storage devices have all undergone considerable developments, resulting in improved energy yields and cheaper prices per unit of energy generated.
Market Segment Insights
Based on type, the Grid-forming Inverter Market has been split into micro inverters, string inverters and central inverters. Based on the power rating, the Market has been categorized into below 50 kW, 50-100 kW, and above 100 kW.
The Market has been divided into 100–300 V, 300–500 V, and over 500 V segments according to voltage. Residential, commercial, and others are the market segments based on end user.
Overview of the Regions
Over the forecast period, the Grid-forming Inverter Market is expected to be driven by the Asia-Pacific region. By 2030, the target region should have a total incremental potential of USD 470.19 million.
The increasing adoption of energy storage systems, especially battery storage solutions, is propelling major changes in the Asia-Pacific Grid-forming Inverter Market. All around Asia, the use of energy storage technologies—including battery storage—is picking up steam. A key component in effective use of renewable energy sources is played by these systems. Energy storage helps to maintain grid stability and facilitates the smooth integration of renewable energy into the electricity system by storing excess renewable energy during times of high production and releasing it when demand rises. Managing the erratic nature of sources like solar and wind makes this ability very crucial. Governments around the Asia-Pacific region is aggressively introducing and revising policies to make it easier to include renewable energy into the grid. Aspects of the integration of renewable energy are covered by these regulatory frameworks, which also cover grid connection protocols, grid access for renewable energy projects, and market-based trading of renewable energy.
Key Players
Key participants in the Grid-forming Inverter Market are Gamesa Electric, Fimer Group, Delta Electronics, Inc., Solectria Solar, ABB, SolarEdge Technologies Inc., General Electric, and Sineng Electric Co Ltd.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.2 GRID-FORMING INVERTER MARKET, BY POWER RATING
1.3 GRID-FORMING INVERTER MARKET, BY VOLTAGE
1.4 GRID-FORMING INVERTER MARKET, BY TYPE
1.5 GRID-FORMING INVERTER MARKET, BY END USER
1.6 GRID-FORMING INVERTER MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN & BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 INCREASING INVESTMENTS IN RENEWABLE ENERGY SECTOR
4.2.2 RAPID INFRASTRUCTURAL DEVELOPMENT AND GROWING DEMAND FOR RELIABLE ENERGY SOURCES
4.3 RESTRAINTS
4.3.1 HIGH COST OF THE PRODUCT
4.4 OPPORTUNITIES
4.4.1 SIGNIFICANT MARKET GROWTH POTENTIAL OF ELECTRIC VEHICLES INDUSTRY
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL/ COMPONENT SUPPLIERS
5.1.2 GRID-FORMING INVERTER MANUFACTURERS
5.1.3 SALES & DISTRIBUTION
5.1.4 END USERS
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT ANALYSIS OF COVID-19
5.3.1 IMPACT ON THE SUPPLY CHAIN OF GRID-FORMING INVERTER MARKET
5.3.2 IMPACT ON MARKET DEMAND FOR GRID-FORMING INVERTER MARKET
6 GLOBAL GRID-FORMING INVERTER MARKET, BY POWER RATING
6.1 OVERVIEW
6.1.1 GLOBAL GRID-FORMING INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2030
6.2 BELOW 50 KW
6.3 50-100 KW
6.4 ABOVE 100 KW
7 GLOBAL GRID-FORMING INVERTER MARKET, BY VOLTAGE
7.1 OVERVIEW
7.1.1 GLOBAL GRID-FORMING INVERTER MARKET ESTIMATES & FORECAST, VOLTAGE, 2019–2030
7.2 100-300 V
7.3 300-500 V
7.4 ABOVE 500 V
8 GLOBAL GRID-FORMING INVERTER MARKET, BY TYPE
8.1 OVERVIEW
8.1.1 GLOBAL GRID-FORMING INVERTER MARKET ESTIMATES & FORECAST, TYPE, 2019–2030
8.2 MICRO INVERTERS
8.3 STRING INVERTERS
8.4 CENTRAL INVERTERS
9 GLOBAL GRID-FORMING INVERTER MARKET, BY END USER
9.1 OVERVIEW
9.1.1 GLOBAL GRID-FORMING INVERTER MARKET ESTIMATES & FORECAST, END USER, 2019–2030
9.2 RESIDENTIAL
9.3 COMMERCIAL
9.4 OTHERS
10 GLOBAL GRID-FORMING INVERTER MARKET, BY REGION
10.1 OVERVIEW
10.1.1 GLOBAL GRID-FORMING INVERTER MARKET ESTIMATES & FORECAST, BY REGION, 2019–2030
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.3 EUROPE
10.3.1 UK
10.3.2 RUSSIA
10.3.3 GERMANY
10.3.4 FRANCE
10.3.5 SPAIN
10.3.6 ITALY
10.3.7 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.2 JAPAN
10.4.3 SOUTH KOREA
10.4.4 INDIA
10.4.5 AUSTRALIA & NEW ZEALAND
10.4.6 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
10.5.1 BRAZIL
10.5.2 MEXICO
10.5.3 ARGENTINA
10.5.4 REST OF LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
10.6.1 GCC COUNTRIES
10.6.2 SOUTH AFRICA
10.6.3 REST OF THE MIDDLE EAST & AFRICA
11 COMPETITVE LANDSCAPE
11.1 INTRODUCTION
11.2 COMPETITIVE BENCHMARKING
12 COMPANY PROFILES
12.1 HUAWEI TECHNOLOGIES CO., LTD
12.1.1 COMPANY OVERVIEW
12.1.2 FINANCIAL OVERVIEW
12.1.3 PRODUCT OFFERED
12.1.4 KEY DEVELOPMENTS
12.1.5 SWOT ANALYSIS
12.1.6 KEY STRATEGIES
12.2 GENERAL ELECTRIC
12.2.1 COMPANY OVERVIEW
12.2.2 FINANCIAL OVERVIEW
12.2.3 PRODUCT OFFERED
12.2.4 KEY DEVELOPMENTS
12.2.5 SWOT ANALYSIS
12.2.6 KEY STRATEGIES
12.3 SMA SOLAR TECHNOLOGY AG
12.3.1 COMPANY OVERVIEW
12.3.2 FINANCIAL OVERVIEW
12.3.3 PRODUCT OFFERED
12.3.4 KEY DEVELOPMENTS
12.3.5 SWOT ANALYSIS
12.3.6 KEY STRATEGIES
12.4 GAMESA ELECTRIC
12.4.1 COMPANY OVERVIEW
12.4.2 FINANCIAL OVERVIEW
12.4.3 PRODUCT OFFERED
12.4.4 KEY DEVELOPMENTS
12.4.5 KEY STRATEGIES
12.5 FIMER GROUP
12.5.1 COMPANY OVERVIEW
12.5.2 FINANCIAL OVERVIEW
12.5.3 PRODUCT OFFERED
12.5.4 KEY DEVELOPMENTS
12.5.5 KEY STRATEGIES
12.6 DELTA ELECTRONICS
12.6.1 COMPANY OVERVIEW
12.6.2 FINANCIAL OVERVIEW
12.6.3 PRODUCTS OFFERED
12.6.4 KEY DEVELOPMENTS
12.6.5 SWOT ANALYSIS
12.6.6 KEY STRATEGIES
12.7 YASKAWA – SOLECTRIA SOLAR
12.7.1 COMPANY OVERVIEW
12.7.2 FINANCIAL OVERVIEW
12.7.3 PRODUCTS OFFERED
12.7.4 KEY STRATEGIES
12.8 ABB
12.8.1 COMPANY OVERVIEW
12.8.2 FINANCIAL OVERVIEW
12.8.3 PRODUCT OFFERED
12.8.4 KEY DEVELOPMENTS
12.8.5 SWOT ANALYSIS
12.8.6 KEY STRATEGIES
12.9 SOLAREDGE TECHNOLOGIES INC
12.9.1 COMPANY OVERVIEW
12.9.2 FINANCIAL OVERVIEW
12.9.3 PRODUCT OFFERED
12.9.4 KEY DEVELOPMENTS
12.9.5 KEY STRATEGIES
12.10 SINENG ELECTRIC CO., LTD
12.10.1 COMPANY OVERVIEW
12.10.2 FINANCIAL OVERVIEW
12.10.3 PRODUCT OFFERED
12.10.4 KEY DEVELOPMENTS
12.10.5 KEY STRATEGIES
13 APPENDIX
13.1 REFERENCES
13.2 RELATED REPORTS