According to Future Market Insights, the global market for digital inverters is expected to display stellar growth during the period of forecast. The global digital inverter market has been witnessing consistent growth since 2012. According to this research, the global market for digital inverters is expected to grow at a high CAGR of 7.1% throughout the 2017 to 2027 timeline.
| Attributes | Details |
|---|---|
| Estimated Market Value (2017) | USD 5.5 Billion |
| Projected Market Revenue (2027) | USD 11 Billion |
| Value-based Market CAGR (2017 to 2027) | 7.1% |
The global market, in 2017 is valued at USD 5.5 Billion and is estimated to reach around USD 11 Billion by the end of 2027. The high growth is due to development of new battery technologies for additional power storage, increasing demand from industrial and commercial sectors in the coming years and increasing technological development in energy utilization.
One of the segments of the global digital inverter market is the end user category. Utilities segment in this category is a highly lucrative segment. It has reflected high growth potential during the 2012 to 2016 with respect to both growth rate as well as revenue and is likely to show increased potential in the years to come. The utilities end user segment is expected to reach a valuation of more than USD 5500 Million by the end of the year of assessment from a value of a bit more than USD 2800 Million in 2017.
This rise in estimation can be attributed to increasing demand for digital inverters from the utilities sector. The utilities segment is projected to expand at a robust rate to register a CAGR of above 7.2% throughout the period of assessment, 2017 to 2027.
Commercial sector, following utilities, is showing higher inclination towards using digital inverters. This trend has been observed since 2012 to 2016 timeline. The commercial segment is expected to rise at a noteworthy CAGR of 7.0% throughout the assessment period.
The commercial segment reflected a revenue generation of around USD 1.2 Billion in 2016 and is anticipated to touch an estimate a little under USD 2670 Million by the end of the year of forecast. This segment is expected to represent a Y-o-Y of 6.1% by the end of 2027.
Digital inverter market is soaring across the globe through regional geographies such as North America, Asia Pacific excluding Japan (APEJ), Western Europe etc. In North America, the utilities end user segment reflected higher revenue share and is expected to grow at a 7.2% CAGR during the forecast period. The commercial end user segment in Western Europe is estimated at around USD 340 Million by end of 2027. The utilities segment dominates the Western Europe digital inverter market in terms of market value and growth rate.
Utilities end user segment in Western Europe is projected to rise at a CAGR of 7.0% throughout the forecast period. Asia Pacific excluding Japan (APEJ) region has shown higher potential compared to other regions during the forecast period.
The utilities end user segment is projected to grow at a 7.9% CAGR during the period of forecast and reach a huge valuation of around USD 2.4 Billion by the end of the assessment year (2027). The commercial segment in this region is also expected to show significant growth contributing to the growth of the global market.
Table 01: North America Market Value (US$ Mn), By Power Source, 2012–2016
Table 02: North America Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Power Source, 2017–2027
Table 03: North America Market Value (US$ Mn), By Product Type, 2012–2016
Table 04: North America Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Product Type, 2017–2027
Table 05: North America Market Value (US$ Mn), By End-user, 2012–2016
Table 06: North America Market Value (US$ Mn) and Y-o-Y Growth Forecast, By End-user, 2017–2027
Table 7: Western Europe Market Value (US$ Mn), By Power Source, 2012–2016
Table 8: Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Power Source, 2017–2027
Table 9: Western Europe Market Value (US$ Mn), By Product Type, 2012–2016
Table 10: Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Product Type, 2017–2027
Table 11: Western Europe Market Value (US$ Mn), By End-user, 2012–2016
Table 12: Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, By End-user, 2017–2027
Table 13: Eastern Europe Market Value (US$ Mn), By Power Source, 2012–2016
Table 14: Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Power Source, 2017–2027
Table 15: Eastern Europe Market Value (US$ Mn), By Product Type, 2012–2016
Table 16: Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Product Type, 2017–2027
Table 17: Eastern Europe Market Value (US$ Mn), By End-user, 2012–2016
Table 18: Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, By End-user, 2017–2027
Table 19: Latin America Market Value (US$ Mn), By Power Source, 2012–2016
Table 20: Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Power Source, 2017–2027
Table 21: Latin America Market Value (US$ Mn), By Product Type, 2012–2016
Table 22: Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Product Type, 2017–2027
Table 23: Latin America Market Value (US$ Mn), By End-user, 2012–2016
Table 24: Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast, By End-user, 2017–2027
Table 25: APEJ Market Value (US$ Mn), By Power Source, 2012–2016
Table 26: APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Power Source, 2017–2027
Table 27: APEJ Market Value (US$ Mn), By Product Type, 2012–2016
Table 28: APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Product Type, 2017–2027
Table 29: APEJ Market Value (US$ Mn), By End-user, 2012–2016
Table 30: APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast, By End-user, 2017–2027
Table 31: Japan Market Value (US$ Mn), By Power Source, 2012–2016
Table 32: Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Power Source, 2017–2027
Table 33: Japan Market Value (US$ Mn), By Product Type, 2012–2016
Table 34: Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Product Type, 2017–2027
Table 35: Japan Market Value (US$ Mn), By End-user, 2012–2016
Table 36: Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast, By End-user, 2017–2027
Table 37: MEA Market Value (US$ Mn), By Power Source, 2012–2016
Table 38: MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Power Source, 2017–2027
Table 39: MEA Market Value (US$ Mn), By Product Type, 2012–2016
Table 40: MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Product Type, 2017–2027
Table 41: MEA Market Value (US$ Mn), By End-user, 2012–2016
Table 42: MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast, By End-user, 2017–2027
Table 43: Global Market Value (US$ Mn), By Power Source, 2012–2016
Table 44: Global Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Power Source, 2017–2027
Table 45: Global Market Value (US$ Mn), By Product Type, 2012–2016
Table 46: Global Market Value (US$ Mn) and Y-o-Y Growth Forecast, By Product Type, 2017–2027
Table 47: Global Market Value (US$ Mn), By End-user, 2012–2016
Table 48: Global Market Value (US$ Mn) and Y-o-Y Growth Forecast, By End-user, 2017–2027
Figure 1: Global Market Volume (US$ Mn) 2016–2027
Figure 2: Global Market Value (US$ Mn), 2012–2016
Figure 3: Global Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 4: Global Market Absolute $ Opportunity (US$ Mn), 2016–2027
Figure 5: North America Market Basis Point Analysis, 2017 & 2027
Figure 6: North America Market Y-o-Y Growth Forecast, 2017–2027
Figure 7: U.S. Market Value (US$ Mn), 2012–2016
Figure 8: U.S. Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 9: Canada Market Value (US$ Mn), 2012–2016
Figure 10: Canada Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 11: North America Market Attractiveness Index, By Country, 2017–2027
Figure 12: North America Market Attractiveness Index, By Power Source, 2017–2027
Figure 13: North America Market Attractiveness Index, By Product Type, 2017–2027
Figure 14: North America Market Attractiveness Index, By End-user, 2017–2027
Figure 15: Western Europe Market Basis Point Analysis, 2017 & 2027
Figure 16: Western Europe Market Y-o-Y Growth Forecast, 2017–2027
Figure 17: Germany Market Value (US$ Mn), 2012–2016
Figure 18: Germany Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 19: France Market Value (US$ Mn), 2012–2016
Figure 20: France Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 21: U.K. Market Value (US$ Mn), 2012–2016
Figure 22: U.K. Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 23: Spain Market Value (US$ Mn), 2012–2016
Figure 24: Spain Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 25: Italy Market Value (US$ Mn), 2012–2016
Figure 26: Italy Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 27: Nordic Market Value (US$ Mn), 2012–2016
Figure 28: Nordic Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 29: BENELUX Market Value (US$ Mn), 2012–2016
Figure 30: BENELUX Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 31: Rest of Western Europe Market Value (US$ Mn), 2012–2016
Figure 32: Rest of Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 33: Western Europe Market Attractiveness Index, By Country, 2017–2027
Figure 34: Western Europe Market Attractiveness Index, By Power Source, 2017–2027
Figure 35: Western Europe Market Attractiveness Index, By Product Type, 2017–2027
Figure 36: Western Europe Market Attractiveness Index, By End-user, 2017–2027
Figure 37: Eastern Europe Market Basis Point Analysis, 2017 & 2027
Figure 38: Eastern Europe Market Y-o-Y Growth Forecast, 2017–2027
Figure 39: Russia Market Value (US$ Mn), 2012–2016
Figure 40: Russia Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 41: Poland Market Value (US$ Mn), 2012–2016
Figure 42: Poland Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 43: Rest of Eastern Europe Market Value (US$ Mn), 2012–2016
Figure 44: Rest of Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 45: Eastern Europe Market Attractiveness Index, By Country, 2017–2027
Figure 46: Eastern Europe Market Attractiveness Index, By Power Source, 2017–2027
Figure 47: Eastern Europe Market Attractiveness Index, By Product Type, 2017–2027
Figure 48: Eastern Europe Market Attractiveness Index, By End-user, 2017–2027
Figure 49: Latin America Market Basis Point Analysis, 2017 & 2027
Figure 50: Latin America Market Y-o-Y Growth Forecast, 2017–2027
Figure 51: Brazil Market Value (US$ Mn), 2012–2016
Figure 52: Brazil Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 53: Mexico Market Value (US$ Mn), 2012–2016
Figure 54: Mexico Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 55: Argentina Market Value (US$ Mn), 2012–2016
Figure 56: Argentina Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 57: Rest of Latin America Market Value (US$ Mn), 2012–2016
Figure 58: Rest of Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 59: Latin America Market Attractiveness Index, By Country, 2017–2027
Figure 60: Latin America Market Attractiveness Index, By Power Source, 2017–2027
Figure 61: Latin America Market Attractiveness Index, By Product Type, 2017–2027
Figure 62: Latin America Market Attractiveness Index, By End-user, 2017–2027
Figure 63: APEJ Market Basis Point Analysis, 2017 & 2027
Figure 64: APEJ Market Y-o-Y Growth Forecast, 2017–2027
Figure 65: China Market Value (US$ Mn), 2012–2016
Figure 66: China Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 67: India Market Value (US$ Mn), 2012–2016
Figure 68: India Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 69: ASEAN Market Value (US$ Mn), 2012–2016
Figure 70: ASEAN Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 71: Australia and New Zealand Market Value (US$ Mn), 2012–2016
Figure 72: Australia and New Zealand Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 73: Rest of APEJ Market Value (US$ Mn), 2012–2016
Figure 74: Rest of APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 75: APEJ Market Attractiveness Index, By Country, 2017–2027
Figure 76: APEJ Market Attractiveness Index, By Power Source, 2017–2027
Figure 77: APEJ Market Attractiveness Index, By Product Type, 2017–2027
Figure 78: APEJ Market Attractiveness Index, By End-user, 2017–2027
Figure 79: Japan Market Attractiveness Index, By Power Source, 2017–2027
Figure 80: Japan Market Attractiveness Index, By Product Type, 2017–2027
Figure 81: Japan Market Attractiveness Index, By End-user, 2017–2027
Figure 82: MEA Market Basis Point Analysis, 2017 & 2027
Figure 83: MEA Market Y-o-Y Growth Forecast, 2017–2027
Figure 84: GCC Countries Market Value (US$ Mn), 2012–2016
Figure 85: GCC Countries Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 86: North Africa Market Value (US$ Mn), 2012–2016
Figure 87: North Africa Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 88: South Africa Market Value (US$ Mn), 2012–2016
Figure 89: South Africa Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 90: Rest of MEA Market Value (US$ Mn), 2012–2016
Figure 91: Rest of MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 92: MEA Market Attractiveness Index, By Country, 2017–2027
Figure 93: MEA Market Attractiveness Index, By Power Source, 2017–2027
Figure 94: MEA Market Attractiveness Index, By Product Type, 2017–2027
Figure 95: MEA Market Attractiveness Index, By End-user, 2017–2027
Figure 96: Global Market Basis Point Analysis, 2017 & 2027
Figure 97: Global Market Y-o-Y Growth Forecast, 2017–2027
Figure 98: North America Countries Market Value (US$ Mn), 2012–2016
Figure 99: North America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 100: Western Europe Market Value (US$ Mn), 2012–2016
Figure 101: Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 102: Eastern Europe Market Value (US$ Mn), 2012–2016
Figure 103: Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 104: Latin America Market Value (US$ Mn), 2012–2016
Figure 105: Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 106: APEJ Market Value (US$ Mn), 2012–2016
Figure 107: APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 108: Japan Market Value (US$ Mn), 2012–2016
Figure 109: Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 110: MEA Market Value (US$ Mn), 2012–2016
Figure 111: MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2017–2027
Figure 112: Global Market Attractiveness Index, By Region, 2017–2027
Figure 113: Global Market Basis Point Analysis, 2017 & 2027
Figure 114: Global Market Y-o-Y Growth Forecast, 2017–2027
Figure 115: Global Market Attractiveness Index, By Power Source, 2017–2027
Figure 116: Global Market Basis Point Analysis, 2017 & 2027
Figure 117: Global Market Y-o-Y Growth Forecast, 2017–2027
Figure 118: Global Market Attractiveness Index, By Product Type, 2017–2027
Figure 119: Global Market Basis Point Analysis, 2017 & 2027
Figure 120: Global Market Y-o-Y Growth Forecast, 2017–2027
Figure 121: Global Market Attractiveness Index, By End-user, 2017–2027
The digital inverter market is likely to secure a CAGR of 6.9% through 2032.
The digital inverter market size is estimated to cross USD 14 Billion by 2032.
The digital inverter market is likely to record a value of USD 7.68 Billion in 2022.
North America is the dominant digital inverter market.
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