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Solar Inverter Market Scope
The report includes the adoption of major Solar Inverter market trends influencing the market and factors that hamper the growth of the market. Understanding these factors is very essential in planning and designing the product as well as business strategies. The report gives a detailed analysis of these trends and challenges to help you understand the Solar Inverter market. The report provides the market size and share of the Solar Inverter market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Solar Inverter market.
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Solar Inverter Market size was valued at US$ 12.1 Bn. in 2021 and the total revenue is expected to grow at 5.78% of CAGR from 2022 to 2029, reaching nearly US$ 18.97 Bn.
Solar Inverter Market Overview
The new market intelligence report published by Global Market Intelligence firm, Maximize Market Research, indicates the lucrative growth for Solar Inverter Market suppliers in the forecast period through 2029. The Maximize Market Research, an Solar Inverter market research firm, has served more than 600 clients across the world since 2017.
Segmentation
As a result of the end-user, The utility segment dominated the solar inverter market in 2021, with a revenue share of more than 44.0%. The central & string inverter is the most commonly used solar inverter in the utility sector.
The central inverter accounted for the greatest revenue share in 2021, accounting for more than 49.0%. When properly maintained and installed, these inverters are extremely dependable and secure. The inverters convert the DC electricity from all of the PV panels into AC power, creating a single point of power distribution. Inverters are integrated with large arrays that are installed on field installations, industrial facilities, and buildings. String inverter market share was the second-largest in 2021.
Key Players
• SMA Solar Technology AG (Germany)
• Siemens AG (Germany)
• GoodWe (Germany)
• Omron Corporation (Japan)
• TMEIC (Japan)
• Canadian Solar Inc. (Canada)
• ABB Ltd (Switzerland)
• HUAWEI (China)
• Sungrow (China)
• Growatt (China)
• Ginlong Technologies Co (China)
• Sineng Electric Co. (China)
• Solax Power (China)
• Zhejiang Benyi Electrical Co., Ltd. (China)
• SunPower Corporation (US)
• Power Electronics (US)
• Solectria Renewables LLC (US)
• Hitachi Hi-Rel Power Electronics Pvt. Ltd. (Inida)
• LENTO INDUSTRIES PRIVATE LIMITED (India)
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Regional Analysis
The reports include Regional Insights that ensure the Solar Inverter market on a regional level. Understanding local, economic, political, and geographic variables are critical for the analysis of Solar Inverter market change regional-wise. The functioning of the Solar Inverter market has a significant impact on local development plans. The report enables the analysis of regional factors that affect the Solar Inverter market and local growth in domestic countries.
Key Questions answered in the Solar Inverter Market Report are:
Key offerings:
Table Of Content:
1. Global Solar Inverter Market: Research Methodology
2. Global Solar Inverter Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Solar Inverter Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Solar Inverter Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
4. Global Solar Inverter Market Segmentation
4.1 Global Solar Inverter Market, Type (2021-2029)
• Central Inverter
• Micro Inverter
• String Inverter
4.2 Global Solar Inverter Market, Applications (2021-2029)
• Residential
• Commercial
• Utilities
5. North America Solar Inverter Market (2021-2029)
North America Solar Inverter Market, Type (2021-2029)
• Central Inverter
• Micro Inverter
• String Inverter
4.2 North America Solar Inverter Market, Applications (2021-2029)
• Residential
• Commercial
• Utilities
5.3 North America Solar Inverter Market, by Country (2021-2029)
• United States
• Canada
• Mexico
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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| By | geeta |
| Added | Feb 15 '23 |
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