Decentralized inverter Market By Product (String , Micro), By Phase (Single Phase, Three Phase), Connection (Standalone, On Grid), Nominal Output (Less than 0.5KW, 0.5-3 KW, 3-33 KW, 33-110 KW, >110 KW) , Application (Residential, Commercial & Industrial, Utilities) & Regional Forecast till 2033
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Decentralized inverter Market Outlook (2023 to 2033)
The decentralized inverter market size is projected to be worth US$ 25.2 billion in 2023. The market is likely to surpass US$ 82.3 billion by 2033 at a CAGR of 12.5% during the forecast period. The market growth is being propelled by notable energy generation in emerging and established nations and an increased focus on natural resources management. Unfortunately, air quality is deteriorating every day due to the carbon emission produced by various power plants and power generation units.
Decentralized inverters have emerged as the best solution for many end-use industries to adopt clean and free source of energy within environmental limits.
Other Drivers Propelling the Demand for Decentralized inverters include:
As more individuals and organizations seek out ways to reduce their carbon footprint and shift to renewable energy sources.
In recent years, the cost of renewable energy sources, such solar and wind has decreased, making them more accessible to households and businesses.
Around the world, several nations have implemented policies and rules into place that are aimed to increase the use of renewable energy sources. Decentralized inverters are a necessary part of many renewable energy systems, therefore these rules and regulations are likely to increase demand for them.
Decentralized inverter demand is predicted to increase as emerging economies like China and India increase their capacity for renewable energy.
Challenges for Companies /Manufacturers in the Decentralized inverter Market:
Decentralized inverters and renewable energy are bound by a variety of national legislation and laws, which can make it challenging businesses to expand internationally.
It might be difficult to create decentralized inverters that are effective, dependable, and affordable.
Research and manufacturing can be costly, which can be difficult for businesses and manufacturers. Additionally, they need to control the financial risks related to spending money on marketing, distribution, and research and development.
It can be difficult to offer individual inverters dispersed throughout a solar PV system accessible and effective maintenance and repair services.
Opportunities in the Decentralized inverter Industry:
The demand for decentralized inverters is anticipated to rise as more residential, commercial, and industrial entities embrace solar energy systems, generating a growing market for businesses in this sector.
The development of advanced decentralized inverters with enhanced efficiency and reduced maintenance cost provides investment opportunities for companies to expand their product portfolio.
Decentralized inverter system integration with smart grid and energy storage technology opens up possibilities for grid flexibility and resilience.
Emerging economies and rural locations with limited access to dependable energy grids have enormous opportunity.
Latest Trends in the Decentralized inverter Market:
In order to provide real-time monitoring, performance analytics, and remote control functions for effective system management, manufacturers are integrating cutting-edge software and communication protocols.
Modularity and scalability are becoming important trends in decentralized inverters.
Some decentralised inverters now have the capacity to establish a grid, allowing them to run in an islanded or off-grid mode and supply power and stability to independent microgrids.
The adoption of smart decentralized inverters that can self-diagnose, self-clean, and optimize energy consumption.
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2018 to 2022 Decentralized inverter Demand Outlook Compared to 2023 to 2033 Forecast
From 2018 to 2022, the global decentralized inverter market experienced a CAGR of 5.5%, reaching a market size of US$ 7 billion in 2023.
From 2018 to 2022, the global decentralized inverter industry witnessed steady growth due to the rising demand for clean energy solutions. The need to reduce the use of natural resources from various industries such as power generation, cement, and metal processing, among others, led to increased adoption of decentralized inverters. Additionally, the implementation of stringent environmental regulations by governments across the globe further propelled market growth during this period.
Future Forecast for Decentralized inverter Industry
Looking ahead, the global decentralized inverter industry is expected to rise at a CAGR of 12.5% from 2023 to 2033. During the forecast period, the market size is expected to reach US$ 82.3 billion.
The decentralized inverter industry is expected to continue its growth trajectory from 2023 to 2033, driven by increasing concerns over energy consumption and the rising demand for clean energy sources. The growth of the power generation sector and the rising adoption of renewable energy sources are expected to drive the demand for decentralized inverters during the forecast period.
The market is also likely to witness significant growth in the Asia Pacific region due to the presence of significantly developing economies such as China and India. However, market growth may be hindered by the supply of raw materials and the high installation and maintenance costs associated with decentralized inverters.
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Comparative View of the Decentralized inverter Market
Decentralized inverter Market:
Attributes
Decentralized inverter Market
CAGR (2023 to 2033)
12.5%
Market Value (2033)
US$ 82.3 billion
Opportunity
Decentralized inverter manufacturers have a huge opportunity thanks to the growing solar PV sector. The demand for decentralized inverters is anticipated to rise as more residential, commercial, and industrial entities embrace solar energy systems, generating a growing market for businesses in this sector.
Key Trends
In order to provide real-time monitoring, performance analytics, and remote control functions for effective system management, manufacturers are integrating cutting-edge software and communication protocols.
Power Inverter Market:
Attributes
Power Inverter Market
CAGR (2023 to 2033)
5.2%
Market Value (2033)
US$ 78.8 billion
Opportunity
The market for power inverters is anticipated to develop as smart grid technologies become more widely used. Modern power inverters that can control power flow and guarantee grid stability are necessary for smart grids.
Key Trends
Increasing adoption of smart grid technologies. Smart grids require advanced power inverters that can manage the flow of power and ensure grid stability.
Country-Wise Insights
Decentralized inverter Market to Surge in the United States Amid Growing Concerns over Energy Resources
Country
The United States
Market Size (US$ billion) by End of Forecast Period (2033)
US$ 18 billion
CAGR % 2023 to End of Forecast (2033)
8.0%
The decentralized inverter industry in the United States is expected to reach a market share of US$ 18 billion by 2033, expanding at a CAGR of 8.0%. The decentralized inverter industry in the United States is expected to witness growth due to the increasing focus on using clean renewable energy. Additionally, there are a few other factors expected to drive the demand for decentralized inverters in the country are:
The presence of a large number of manufacturers
The stringent regulations imposed by the government regarding industrial emissions
Rising Demand for Decentralized inverters in Solar Power System and EV charging Stations to Propel the United Kingdom Market Growth
Country
The United Kingdom
Market Size (US$ billion) by End of Forecast Period (2033)
US$ 16 billion
CAGR % 2023 to End of Forecast (2033)
7.2%
The decentralized inverter industry in the United Kingdom is expected to reach a market share of US$ 16 billion, expanding at a CAGR of 7.2% during the forecast period. The United Kingdom market is projected to experience growth owing to the rising demand for decentralized inverters in the Wind power system & Micogrids. The increasing awareness about energy consumptions and the need for effective emission control devices is also expected to boost market growth.
Notable Growth Expected in China's Decentralized inverter Market as Government Focuses on Clean Energy Generation
Country
China
Market Size (US$ billion) by End of Forecast Period (2033)
US$ 24.5 billion
CAGR % 2023 to End of Forecast (2033)
10.3%
The decentralized inverter industry in China is anticipated to reach a market share of US$ 24.5 billion, moving at a CAGR of 10.3 % during the forecast period. The decentralized inverter industry in China is expected to grow prominently due to the increasing demand for power and the growth of the manufacturing industry. Additionally, the government's focus on reducing extraction of natural resources and the implementation of stringent regulations to promote renewable energy resources are expected to drive market growth.
Increasing Adoption of Decentralized inverters in Various Industries to Drive Market Growth in Japan
Country
Japan
Market Size (US$ billion) by End of Forecast Period (2033)
US$ 23.7 billion
CAGR % 2023 to End of Forecast (2033)
9.8%
The decentralized inverter industry in Japan is estimated to reach a market share of US$ 23.7 billion by 2033, thriving at a CAGR of 9.8%. The market in Japan is predicted to grow because of the increasing adoption of decentralized inverters in various industries such as power generation, cement, and chemical manufacturing. The government's initiatives to reduce industrial emissions and the increasing awareness about the benefits of decentralized inverters are also expected to drive market growth.
Demand for Decentralized inverters in Power Generation, Cement, and Steel Industries to Fuel Market Growth in South Korea
Country
South Korea
Market Size (US$ billion) by End of Forecast Period (2033)
US$ 22.9 billion
CAGR % 2023 to End of Forecast (2033)
9.3%
The decentralized inverter industry in South Korea is expected to reach a market share of US$ 22.9 billion, expanding at a CAGR of 9.3 % during the forecast period. The market in South Korea is forecasted to witness growth due to the increasing demand for decentralized inverters in various industries such as power generation, cement, and steel manufacturing. The government's initiatives to reduce air pollution and stringent regulations regarding industrial emissions are also expected to boost market growth.
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Category-Wise Insights
Micro Type Segment to Dominate Decentralized inverter Industry with 8.9% CAGR through 2033
The Micro type segment is expected to dominate the decentralized inverter industry with a CAGR of 8.9% from 2022 to 2033. This segment captures a significant market share in 2023 due to its cost-effectiveness, high efficiency, and low maintenance requirements.
Micro inverters are highly effective in Maximum Power Point Tracking (MPPT), easy expansion of systems and less point of failures with improved securityThe increasing demand for clean energy and strict regulations are the key factors driving the growth of the dry system segment in the decentralized inverter industry.
How the Power Generation Industry is Driving the Decentralized inverter Market?
The power generation industry is expected to dominate the decentralized inverter industry with a CAGR of 7.8% from 2022 to 2033. This segment captures a significant market share in 2023 due to the high demand for electricity and the increasing focus on reducing air pollution from power plants.
Decentralized inverters are highly effective in mounting an dreferef as a clean source of energy which converts DC energy to household AC energy. The growing adoption of renewable energy sources and the increasing popularity of clean energy technologies are also driving the growth of the power generation segment in the decentralized inverter industry.
How Key Players Stay Competitive in the Decentralized inverter Industry?
The decentralized inverter industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Product Innovation
Companies invest hugely in research and development to introduce innovative products that offer enhanced efficiency, reliability, and cost-effectiveness. Product innovation enables companies to differentiate themselves from their competitors and cater to the evolving needs of customers.
Strategic Partnerships and Collaborations
Key players in the industry often form strategic partnerships and collaborations with other companies to leverage their strengths and expand their reach in the market. Such collaborations also allow companies to gain access to new technologies and markets.
Expansion into Emerging Markets
The decentralized inverter industry is witnessing significant growth in emerging markets such as China and India. Key players are expanding their presence in these markets by establishing local manufacturing facilities and strengthening their distribution networks.
Mergers and Acquisitions
Key players in the decentralized inverter industry often engage in mergers and acquisitions to consolidate their market position, expand their product portfolio, and gain access to new markets.
Key Players in the Decentralized inverter Industry
Huawei Technologies Co., Ltd
Sungrow Supply S.L
Power Electronics S.L
Ginlong Technologies
Growatt New Energy
SolarEdge Technologies, Inc
Key Developments in the Decentralized inverter Market:
London, United Kingdom, March 13, 2023 /PRNewswire/ -- Sungrow Power Supply Co., Ltd., the world’s most bankable inverter brand, today announced a mega deal to supply Constantine Energy Storage (CES), a grid-scale battery energy storage platform, with its state-of-the-art liquid-cooled BESS solution ‘Power Titan’.
SMRE Spa ("SMRE") has been acquired by California-based SolarEdge Technologies, Inc., according to a definitive acquisition agreement that was signed. The Italian business SMRE provides integrated technology for powertrains as well as electrical components for electric vehicles.
Segmentation Analysis of the Decentralized inverter Market
By Product:
String
Micro
By Phase:
Single Phase
Three Phase
By Connection:
Standalone
On-Grid
By Nominal Output:
<= 0.5KW
0.5-3 KW
3-33KW
33-110KW
>110KW
By Application:
Residential
Commercial & Industrial
Utilities
By Region:
North America
Latin America
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan & Baltics
East Asia
South Asia & pacific
The Middle East & Africa
Frequently Asked Questions
Which region holds high lucrativeness?
The Asia Pacific region is projected to emerge as a lucrative market for decentralized inverters.
What is the growth potential of the Decentralized Inverter Market?
The growth potential of the decentralized inverter market is 12.5% through 2033.
What limits the growth potential of the market?
The high cost of adoption is likely to limit market growth.
What is North America's expected share in 2023?
North America is likely to generate 25% revenue in the decentralized inverter market in 2023.
What opportunities await for the Market Players?
Substantial investment in research and development, the expansion into new markets, and the development of innovative solutions are some of the opportunities that await the market players in the Decentralized Inverter Market.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis By Product
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ Bn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Bn) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Bn) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global GDP Growth Outlook
8.1.2. Global Energy industry Overview
8.1.3. Manufacturing Value-Added
8.1.4. Industry Value Added
8.1.5. Parent Market Outlook
8.1.6. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth forecast
8.2.3. Manufacturing Industry forecast
8.2.4. Global Urbanization Growth Outlook
8.2.5. Business Climate
8.2.6. Covid-19 Impact Assessment
8.2.7. End-use Industry Growth Outlook
8.3. Value Chain
8.3.1. Product Manufacturers
8.3.2. End Users
8.3.3. Avg. Profitability Margins
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Global Supply Demand Analysis
8.7. Key Regulations & Certifications
8.8. Production Process Overview
8.9. Trade Scenario
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Product, 2018 to 2022
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Product, 2023 to 2033
9.3.1. String
9.3.2. Micro
9.4. Market Attractiveness Analysis By Product
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Phase
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Phase, 2018 to 2022
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Phase, 2023 to 2033
10.3.1. Single Phase
10.3.2. Three Phase
10.4. Market Attractiveness Analysis By Phase
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Connection
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Bn) and Volume Analysis By Connection, 2018 to 2022
11.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Connection, 2023 to 2033
11.3.1. Standalone
11.3.2. On-Grid
11.4. Market Attractiveness Analysis By Connection
12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nominal Output
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Bn) and Volume Analysis By Nominal Output, 2018 to 2022
12.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Nominal Output, 2023 to 2033
12.3.1. Less than 0.5KW
12.3.2. 0.5-3KW
12.3.3. 3-33KW
12.3.4. 33-110KW
12.3.5. >110KW
12.4. Market Attractiveness Analysis By Nominal Output
13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ Bn) and Volume Analysis By Application, 2018 to 2022
13.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Application, 2023 to 2033
13.3.1. Residential
13.3.2. Commercial & Industrial
13.3.3. Utilities
13.4. Market Attractiveness Analysis By Application
14. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
14.1. Introduction
14.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2018 to 2022
14.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2023 to 2033
14.3.1. North America
14.3.2. Latin America
14.3.3. Western Europe
14.3.4. Eastern Europe
14.3.5. Central Asia
14.3.6. Russia & Belarus
14.3.7. Balkan & Baltic Countries
14.3.8. East Asia
14.3.9. South Asia and Pacific
14.3.10. Middle East and Africa (MEA)
14.4. Market Attractiveness Analysis By Region
15. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. U.S.
15.4.1.2. Canada
15.4.2. By Product
15.4.3. By Phase
15.4.4. By Connection
15.4.5. By Nominal Output
15.4.6. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product
15.5.3. By Phase
15.5.4. By Connection
15.5.5. By Nominal Output
15.5.6. By Application
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Country
16.4.1.1. Brazil
16.4.1.2. Mexico
16.4.1.3. Argentina
16.4.1.4. Rest of Latin America
16.4.2. By Product
16.4.3. By Phase
16.4.4. By Connection
16.4.5. By Nominal Output
16.4.6. By Application
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product
16.5.3. By Phase
16.5.4. By Connection
16.5.5. By Nominal Output
16.5.6. By Application
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
17.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
17.4.1. By Country
17.4.1.1. Germany
17.4.1.2. Italy
17.4.1.3. France
17.4.1.4. U.K.
17.4.1.5. Spain
17.4.1.6. BENELUX
17.4.1.7. NORDICS
17.4.1.8. Rest of Western Europe
17.4.2. By Product
17.4.3. By Phase
17.4.4. By Connection
17.4.5. By Nominal Output
17.4.6. By Application
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product
17.5.3. By Phase
17.5.4. By Connection
17.5.5. By Nominal Output
17.5.6. By Application
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
18.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
18.4.1. By Country
18.4.1.1. Poland
18.4.1.2. Hungary
18.4.1.3. Romania
18.4.1.4. Czech Republic
18.4.1.5. Rest of Eastern Europe
18.4.2. By Product
18.4.3. By Phase
18.4.4. By Connection
18.4.5. By Nominal Output
18.4.6. By Application
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product
18.5.3. By Phase
18.5.4. By Connection
18.5.5. By Nominal Output
18.5.6. By Application
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Central Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
19.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
19.4.1. By Product
19.4.2. By Phase
19.4.3. By Connection
19.4.4. By Nominal Output
19.4.5. By Application
19.5. Market Attractiveness Analysis
19.5.1. By Product
19.5.2. By Phase
19.5.3. By Connection
19.5.4. By Nominal Output
19.5.5. By Application
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis
20. Russia & Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033
20.1. Introduction
20.2. Pricing Analysis
20.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
20.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
20.4.1. By Product
20.4.2. By Phase
20.4.3. By Connection
20.4.4. By Nominal Output
20.4.5. By Application
20.5. Market Attractiveness Analysis
20.5.1. By Product
20.5.2. By Phase
20.5.3. By Connection
20.5.4. By Nominal Output
20.5.5. By Application
20.6. Market Trends
20.7. Key Market Participants - Intensity Mapping
20.8. Drivers and Restraints - Impact Analysis
21. Balkan & Baltic Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
21.1. Introduction
21.2. Pricing Analysis
21.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
21.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
21.4.1. By Product
21.4.2. By Phase
21.4.3. By Connection
21.4.4. By Nominal Output
21.4.5. By Application
21.5. Market Attractiveness Analysis
21.5.1. By Product
21.5.2. By Phase
21.5.3. By Connection
21.5.4. By Nominal Output
21.5.5. By Application
21.6. Market Trends
21.7. Key Market Participants - Intensity Mapping
21.8. Drivers and Restraints - Impact Analysis
22. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
22.1. Introduction
22.2. Pricing Analysis
22.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
22.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
22.4.1. By Country
22.4.1.1. China
22.4.1.2. Japan
22.4.1.3. South Korea
22.4.2. By Product
22.4.3. By Phase
22.4.4. By Connection
22.4.5. By Nominal Output
22.4.6. By Application
22.5. Market Attractiveness Analysis
22.5.1. By Country
22.5.2. By Product
22.5.3. By Phase
22.5.4. By Connection
22.5.5. By Nominal Output
22.5.6. By Application
22.6. Market Trends
22.7. Key Market Participants - Intensity Mapping
22.8. Drivers and Restraints - Impact Analysis
23. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
23.1. Introduction
23.2. Pricing Analysis
23.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
23.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
23.4.1. By Country
23.4.1.1. India
23.4.1.2. ASEAN
23.4.1.3. Oceania
23.4.1.4. Rest of South Asia & Pacific
23.4.2. By Product
23.4.3. By Phase
23.4.4. By Connection
23.4.5. By Nominal Output
23.4.6. By Application
23.5. Market Attractiveness Analysis
23.5.1. By Country
23.5.2. By Product
23.5.3. By Phase
23.5.4. By Connection
23.5.5. By Nominal Output
23.5.6. By Application
23.6. Market Trends
23.7. Key Market Participants - Intensity Mapping
23.8. Drivers and Restraints - Impact Analysis
24. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
24.1. Introduction
24.2. Pricing Analysis
24.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
24.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2023 to 2033
24.4.1. By Country
24.4.1.1. GCC Countries
24.4.1.2. Türkiye
24.4.1.3. Northern Africa
24.4.1.4. South Africa
24.4.1.5. Rest of Middle East and Africa
24.4.2. By Product
24.4.3. By Phase
24.4.4. By Connection
24.4.5. By Nominal Output
24.4.6. By Application
24.5. Market Attractiveness Analysis
24.5.1. By Country
24.5.2. By Product
24.5.3. By Phase
24.5.4. By Connection
24.5.5. By Nominal Output
24.5.6. By Application
24.6. Market Trends
24.7. Key Market Participants - Intensity Mapping
24.8. Drivers and Restraints - Impact Analysis
25. Country-wise Market Analysis
25.1. Introduction
25.1.1. Market Value Proportion Analysis, By Key Countries
25.1.2. Global Vs. Country Growth Comparison
25.2. U.S. Market Analysis
25.2.1. By Product
25.2.2. By Phase
25.2.3. By Connection
25.2.4. By Nominal Output
25.2.5. By Application
25.3. Canada Market Analysis
25.3.1. By Product
25.3.2. By Phase
25.3.3. By Connection
25.3.4. By Nominal Output
25.3.5. By Application
25.4. Mexico Market Analysis
25.4.1. By Product
25.4.2. By Phase
25.4.3. By Connection
25.4.4. By Nominal Output
25.4.5. By Application
25.5. Brazil Market Analysis
25.5.1. By Product
25.5.2. By Phase
25.5.3. By Connection
25.5.4. By Nominal Output
25.5.5. By Application
25.6. Argentina Market Analysis
25.6.1. By Product
25.6.2. By Phase
25.6.3. By Connection
25.6.4. By Nominal Output
25.6.5. By Application
25.7. Germany Market Analysis
25.7.1. By Product
25.7.2. By Phase
25.7.3. By Connection
25.7.4. By Nominal Output
25.7.5. By Application
25.8. Italy Market Analysis
25.8.1. By Product
25.8.2. By Phase
25.8.3. By Connection
25.8.4. By Nominal Output
25.8.5. By Application
25.9. France Market Analysis
25.9.1. By Product
25.9.2. By Phase
25.9.3. By Connection
25.9.4. By Nominal Output
25.9.5. By Application
25.10. U.K. Market Analysis
25.10.1. By Product
25.10.2. By Phase
25.10.3. By Connection
25.10.4. By Nominal Output
25.10.5. By Application
25.11. Spain Market Analysis
25.11.1. By Product
25.11.2. By Phase
25.11.3. By Connection
25.11.4. By Nominal Output
25.11.5. By Application
25.12. NORDICS Market Analysis
25.12.1. By Product
25.12.2. By Phase
25.12.3. By Connection
25.12.4. By Nominal Output
25.12.5. By Application
25.13. Poland Market Analysis
25.13.1. By Product
25.13.2. By Phase
25.13.3. By Connection
25.13.4. By Nominal Output
25.13.5. By Application
25.14. Hungary Market Analysis
25.14.1. By Product
25.14.2. By Phase
25.14.3. By Connection
25.14.4. By Nominal Output
25.14.5. By Application
25.15. Romania Market Analysis
25.15.1. By Product
25.15.2. By Phase
25.15.3. By Connection
25.15.4. By Nominal Output
25.15.5. By Application
25.16. Czech Republic Market Analysis
25.16.1. By Product
25.16.2. By Phase
25.16.3. By Connection
25.16.4. By Nominal Output
25.16.5. By Application
25.17. China Market Analysis
25.17.1. By Product
25.17.2. By Phase
25.17.3. By Connection
25.17.4. By Nominal Output
25.17.5. By Application
25.18. Japan Market Analysis
25.18.1. By Product
25.18.2. By Phase
25.18.3. By Connection
25.18.4. By Nominal Output
25.18.5. By Application
25.19. S. Korea Market Analysis
25.19.1. By Product
25.19.2. By Phase
25.19.3. By Connection
25.19.4. By Nominal Output
25.19.5. By Application
25.20. India Market Analysis
25.20.1. By Product
25.20.2. By Phase
25.20.3. By Connection
25.20.4. By Nominal Output
25.20.5. By Application
25.21. ASEAN Market Analysis
25.21.1. By Product
25.21.2. By Phase
25.21.3. By Connection
25.21.4. By Nominal Output
25.21.5. By Application
25.22. Australia and New Zealand Market Analysis
25.22.1. By Product
25.22.2. By Phase
25.22.3. By Connection
25.22.4. By Nominal Output
25.22.5. By Application
25.23. KSA Market Analysis
25.23.1. By Product
25.23.2. By Phase
25.23.3. By Connection
25.23.4. By Nominal Output
25.23.5. By Application
25.24. UAE Market Analysis
25.24.1. By Product
25.24.2. By Phase
25.24.3. By Connection
25.24.4. By Nominal Output
25.24.5. By Application
25.25. Northern Africa Market Analysis
25.25.1. By Product
25.25.2. By Phase
25.25.3. By Connection
25.25.4. By Nominal Output
25.25.5. By Application
25.26. Turkey Market Analysis
25.26.1. By Product
25.26.2. By Phase
25.26.3. By Connection
25.26.4. By Nominal Output
25.26.5. By Application
25.27. South Africa Market Analysis
25.27.1. By Product
25.27.2. By Phase
25.27.3. By Connection
25.27.4. By Nominal Output
25.27.5. By Application
25.28. Israel Market Analysis
25.28.1. By Product
25.28.2. By Phase
25.28.3. By Connection
25.28.4. By Nominal Output
25.28.5. By Application
26. Market Structure Analysis
26.1. Market Analysis by Tier of Companies (Decentralized Inverter)
26.2. Market Concentration
26.3. Market Share Analysis of Top Players
26.4. Production Capacity Analysis
26.5. Market Presence Analysis
26.5.1. By Connection Footprint of Players
26.5.2. By Regional Footprint of Players
26.5.3. By Channel Footprint of Players
27. Competition Analysis
27.1. Competition Dashboard
27.2. Competition Benchmarking
27.3. Competition Deep Dive
27.3.1. Huawei Technologies Co.
27.3.1.1. Overview
27.3.1.2. Product Portfolio
27.3.1.3. Profitability by Market Segments (Product/Channel/Region)
27.3.1.4. Sales Footprint
27.3.1.5. Strategy Overview
27.3.2. Sungrow Power Supply Co., Ltd.
27.3.2.1. Overview
27.3.2.2. Product Portfolio
27.3.2.3. Profitability by Market Segments (Product/Channel/Region)
27.3.2.4. Sales Footprint
27.3.2.5. Strategy Overview
27.3.3. SMA Solar Technology AG
27.3.3.1. Overview
27.3.3.2. Product Portfolio
27.3.3.3. Profitability by Market Segments (Product/Channel/Region)
27.3.3.4. Sales Footprint
27.3.3.5. Strategy Overview
27.3.4. Power Electronics S.L
27.3.4.1. Overview
27.3.4.2. Product Portfolio
27.3.4.3. Profitability by Market Segments (Product/Channel/Region)
27.3.4.4. Sales Footprint
27.3.4.5. Strategy Overview
27.3.5. FIMER S.p.A
27.3.5.1. Overview
27.3.5.2. Product Portfolio
27.3.5.3. Profitability by Market Segments (Product/Channel/Region)
27.3.5.4. Sales Footprint
27.3.5.5. Strategy Overview
27.3.6. TMEIC
27.3.6.1. Overview
27.3.6.2. Product Portfolio
27.3.6.3. Profitability by Market Segments (Product/Channel/Region)
27.3.6.4. Sales Footprint
27.3.6.5. Strategy Overview
27.3.7. Ginlong Technologies
27.3.7.1. Overview
27.3.7.2. Product Portfolio
27.3.7.3. Profitability by Market Segments (Product/Channel/Region)
27.3.7.4. Sales Footprint
27.3.7.5. Strategy Overview
27.3.8. Growatt New Energy
27.3.8.1. Overview
27.3.8.2. Product Portfolio
27.3.8.3. Profitability by Market Segments (Product/Channel/Region)
27.3.8.4. Sales Footprint
27.3.8.5. Strategy Overview
27.3.9. SolarEdge Technologies, Inc
27.3.9.1. Overview
27.3.9.2. Product Portfolio
27.3.9.3. Profitability by Market Segments (Product/Channel/Region)
27.3.9.4. Sales Footprint
27.3.9.5. Strategy Overview
27.3.10. Sineng Electric Co.,Ltd
27.3.10.1. Overview
27.3.10.2. Product Portfolio
27.3.10.3. Profitability by Market Segments (Product/Channel/Region)
27.3.10.4. Sales Footprint
27.3.10.5. Strategy Overview
27.3.11. GoodWe
27.3.11.1. Overview
27.3.11.2. Product Portfolio
27.3.11.3. Profitability by Market Segments (Product/Channel/Region)
27.3.11.4. Sales Footprint
27.3.11.5. Strategy Overview
27.3.12. ABB
27.3.12.1. Overview
27.3.12.2. Product Portfolio
27.3.12.3. Profitability by Market Segments (Product/Channel/Region)
27.3.12.4. Sales Footprint
27.3.12.5. Strategy Overview
27.3.13. Fronius
27.3.13.1. Overview
27.3.13.2. Product Portfolio
27.3.13.3. Profitability by Market Segments (Product/Channel/Region)
27.3.13.4. Sales Footprint
27.3.13.5. Strategy Overview
27.3.14. Sofar
27.3.14.1. Overview
27.3.14.2. Product Portfolio
27.3.14.3. Profitability by Market Segments (Product/Channel/Region)
27.3.14.4. Sales Footprint
27.3.14.5. Strategy Overview
27.3.15. Solis
27.3.15.1. Overview
27.3.15.2. Product Portfolio
27.3.15.3. Profitability by Market Segments (Product/Channel/Region)
27.3.15.4. Sales Footprint
27.3.15.5. Strategy Overview
28. Primary Insights29. Assumptions and Acronyms Used30. Research Methodology
