Residential Solar PV Inverter Market
Market Insights on Residential Solar PV Inverter covering sales outlook, demand forecast & up-to-date key trends
Residential Solar PV Inverter Market Analysis By Type (String Inverter and Micro Inverter), Application (Single Phase and Three Phase), & Region | Forecast 2022 to 2032
Residential Solar PV Inverter Market Outlook (2022 to 2032)
[332 Pages Report] The global residential solar PV inverter market is poised to increase at a consistent CAGR of 4%, reaching US$ 6.2 Bn by 2032 from US$ 4 Bn in 2021.
“Central PV inverters are predicted to increase significantly throughout the projection period due to various advantages over other inverters such as cheaper prices, dependability, etc.”
Central PV inverters are highly efficient, and they work well with various PV off-grid inverters in fluctuation management, balancing, and so on. These inverters are well-suited for big commercial and industrial systems. The manufacturers of solar PV inverters often struggle since they include their storage area, exhaust system, and other components.
Central PV inverters are contained in protective enclosures, which reduces the chance of failure due to exposure to a hostile environment. However, the central PV inverters market has a few drawbacks that may limit their expansion relative to other types of inverters, although the situation is projected to improve shortly.
The residential solar PV inverter market trend away from traditional inverters toward string inverters may be seen in the increased number of project planners and developers considering string inverters with a central architectural design. This is referred to as the virtual central inverter idea by Sungrow, and it combines 1,500-volt string inverters with control typically associated with central PV inverters.
For example, in January 2022, Sungrow announced the debut of a new 1+X central modular inverter with a 1.1MW output that is compatible with energy storage systems. The 1+X modular inverter may be stacked to provide 8.8MW of power and includes a DC/ESS interface for connecting energy storage devices (ESS).
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Attributes |
Details |
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Residential Solar PV Inverter Market CAGR (2022 – 2032) |
4% |
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Residential Solar PV Inverter Market (2026) |
US$ 4.87 Bn |
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Residential Solar PV Inverter Market Attraction |
Certain advantages like cost, reliability, and durability provided by solar PV inverters are the driving factors of the market expansion. |
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What is the Impact of COVID-19 on the Residential Solar PV Inverter?
Lockdowns enforced in response to the COVID-19 pandemic led to a temporary suspension of import and export, as well as manufacturing and processing operations across a variety of industries, lowering demand for power equipment and harming the solar PV inverter market.
As a result, residential solar PV inverter market growth is slow in the second, third, and fourth quarters of 2020. On the other hand, the photovoltaic inverter market is likely to rebound by the end of 2022, since COVID-19 immunisation has begun in several nations worldwide, which is expected to help the global scenario.
What Factors Drive the Residential Solar PV Inverter Growth?
“Large inflow of investments in the renewable energy industry, increase in favourable government initiatives and increase in residential solar rooftop installations are driving market expansion.”
Solar PV inverter demand has been steadily increasing over the last few years. The growing environmental concerns about greenhouse emissions and the relevance of solar and other renewable energy sources in reducing these emissions are driving this demand.
Furthermore, as the cost of fossil fuels rises, solar electricity becomes a more cost-effective energy source. In addition, solar PV inverter costs have decreased in recent years, making them more accessible to the general public. As a result, there has been a significant increase in the installation of solar power systems in both established and developing countries across the world.
Other factors propelling the residential solar PV inverter market include the demand for rural electrification, technical improvements, rising government backing, and increased renewable energy investments. The residential solar PV inverter market outlook will be bolstered by inorganic growth initiatives, contracts, and new product developments to expand the product portfolios of top firms.
For example, in March 2021, Fronius International GmbH introduced the GEN24 Plus, a revolutionary three-phase PV hybrid inverter from the Fronius Symo series that provides a small and adaptable all-in-one solar energy supply solution. The device is available in power levels ranging from 3 to 10 kW. Additionally, this is an excellent PV hybrid inverter for single-family homes.
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Talk to AnalystWhat are the Constraints Faced by Players in the Residential Solar PV Inverter?
The increased demand for solar equipment has put a lot of strain on testing companies like Underwriters Laboratories to ensure solar PV inverter security and keep up with technological advancements.
However, residential solar PV inverter market development has been hampered by a lack of awareness, the high cost of infrastructural improvements, and recent government payment reduction on solar panels in the Asia-Pacific area.
Furthermore, the lack of auxiliary technologies is a crucial impediment to market expansion. Nonetheless, increased environmental concerns about energy generation from traditional sources such as coal and natural gas are expected to provide an opportunity for the solar PV inverter industry.
Which Emerging Trends are Propelling the Residential Solar PV Inverter?
Expanding the deployment of solar PV inverters to strengthen the microgrid network and phasing out conventional storage technologies would energize the business dynamics. Significant modifications and enhancements to current procedures, along with cost-competitiveness, will have a beneficial effect on industry dynamics.
Residential solar PV inverters account for two-thirds of the industry's distributed photovoltaic capacity, owing to widespread acceptance of renewable energy sources in the housing sector and the growth of net metering schemes. Additionally, smart communication that ensures network dependability in conjunction with an equilibrium of electrical demand and supply would stimulate residential solar PV inverter market adoption.
Increasing regulatory concerns about the effectiveness of grid-tied solar installations will encourage the adoption of string-based household solar PV inverter systems. The paradigm change toward effective manufacturing accuracy, new product innovations, optimization, and standardization of production processes for environmental compatibility, power production, and cheap installation costs are likely to continue to affect the corporate landscape.
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How are Certain Obstacles Impeding the Growth of the Residential Solar PV Inverter?
The residential solar PV inverter market growth slowed down since there were delays in making new inverters, a lack of capacity additions, and financial problems for the primary player's value chain. The market for solar PV inverters is likely to grow because of things like supportive government initiatives and investment in solar energy projects in remote and rural areas.
The residential solar PV inverter market in the Asia-Pacific region is expected to grow at a slower rate during the study period because of a lack of public awareness, the costs of building infrastructure, and the recent cuts in government subsidies for solar panels.
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A Comparison of Adjacent Residential Solar PV Inverters
Residential Solar PV Inverter Market:
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Attributes |
Residential Solar PV Inverter Market |
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CAGR (2022 - 2032) |
3.8% |
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Market Value (2026) |
US$ 4.8 Bn |
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Growth Factor |
Technological advancements, changing regulatory and consumer proximity, and the deployment of efficient inverter units. |
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Opportunity |
Increased deployment of solar PV modules to enhance the microgrid network, as well as the replacement of traditional storage technology. |
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Key Trends |
Faster installation, improved communication, lower transportation costs, and improved efficiency and reliability associated with new product launches. |
Solar PV Module Market:
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Attributes |
Solar PV Module Market |
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CAGR (2022 - 2032) |
3.9% |
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Market Value (2026) |
US$ 74.2 |
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Growth Factor |
Government schemes and incentives, such as auctions, tariffs, and tax exemptions, are all beneficial to the market growth. |
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Opportunity |
Widespread resource availability and cost-competitiveness, as well as growing industry potential. |
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Key Trends |
Recent technological advancements and R&D activities in large-scale solar applications for efficient power output. |
Solar PV Glass Market:
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Attributes |
Solar PV Glass Market |
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CAGR (2022 - 2032) |
6.6% |
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Market Value(2026) |
US$ 58.5 Bn |
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Growth Factor |
Market revenue will be boosted by strict policies and regulations relating to clean energy adoption, as well as laws limiting greenhouse gas emissions. |
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Opportunity |
Increasing investments to explore developing countries' untapped photovoltaic potential. |
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Key Trends |
Due to the US’s Investment Tax Credit (ITC) policy, the levelized cost of new PV plants has decreased significantly in recent years, boosting the installation of solar PV systems. |
The demand for renewable energy is going up because more people are using electricity, and the cost of making renewable energy is going down. This is going to help in solar PV inverter market growth during the forecast period. The cost of making renewable energy has gone down a lot in recent years, so it is now a good option for people who need more electricity.
Although good government programmes are helping, the market for solar PV inverters is going to grow. People around the world are working to improve the quality of their lives by building more infrastructure in their country. The government of the United Arab Emirates, for example, focuses a lot on the Smart Dubai project, which aims to make Dubai the world's smartest city.
This growth in construction is expected to make the solar PV inverter market bigger. Solar PV inverters are pushed even more by the rise in greenhouse gas emissions and environmental problems. The solar PV inverter market is expected to grow as more people learn about global warming. Many companies in the solar PV inverter market are getting into artificial intelligence and machine learning, as well as other smart-energy fields.
This, in turn, is expected to help the solar PV inverter market grow even more. Because more people are using solar energy to power their homes, appliances, and other things, the residential end-use segment of the solar PV inverter market is expected to grow a lot over the next few years. Increasing the use of renewable energy sources and enforcing efficient energy use rules will help the business grow.
The global and domestic participants in the industry have had a big impact on the way the industry works. It will be easier for people to use the product if there are more regulations and people want to use a more efficient PV system inverter.
Schneider Electric, Siemens, SHENZHEN SOFAR SOLAR, SolarEdge Technologies, General Electric, and Canadian Solar are some of the big names in the residential solar PV inverter market. The cost of solar panels will go down because more parts can be made, and primitive technology is being used to make them more efficient.
What is the Residential Solar PV Inverter Segmentation Outlook?
The residential solar PV inverter is to be segmented based on two types that are string inverter and microinverter. By application type, the market is again segmented into two categories single-phase and three-phase.
The large inflow of investments in the renewable energy industry, increase in favourable government initiatives and increase in residential solar rooftop installations are driving market expansion. This study examines the worldwide, regional, and corporate sales of residential solar PV inverters.
The three-phase sector has the biggest revenue share and is expected to continue dominating over the forecast period. This rise is related to the electricity generating, distribution, and transmission sectors.
Large commercial & industrial, and utility PV power plants have grown in scale due to the trend from 1,000-volt to 1,500-volt solar arrays, supporting the three-phase solar PV inverters market growth throughout the projection period.
The utility category has the greatest revenue share and is predicted to increase at a 4% CAGR. Investment in utility-scale solar power plants, solar parks, and other buildings has increased.
Decentralized solar power plants, rural electrification, solar power plants on water bodies and roofs, commercial buildings, and others are driving the global solar PV inverters market for utilities.
Which Segment of the Residential Solar PV Inverter Remains Highly Preferred?
The central PV inverter segment dominated the market by product type, and this dominance is projected to continue. Globally, significant industrial and utility applications are increasing the demand for central PV inverters.
From 2022 to 2032, significant industrialisation and renewable energy infrastructure expansion in rising nations like China, India, Japan, and others would further drive demand for central PV inverters.
The on-grid sector has the highest revenue share and is likely to continue dominating over the projection period. This surge is due to increased investment in direct energy supply rather than battery storage.
Quick energy feeding, easy installation, cost-efficiency, and controlling high electricity demand are all advantages of using on-grid solar PV inverters that should drive market expansion in the next years.
What is the Residential Solar PV Inverter Regional Demand Analysis?
Asia-Pacific captured the largest revenue share of the solar PV inverters market in 2020 and is expected to retain its dominance during the forecast period. This is due to the region's existence of significant players and a sizable customer base.
Additionally, development in the renewable energy sector, increased investment in upgrading ageing power infrastructure, and fast industrialisation in the area are expected to fuel the residential solar PV inverter market growth in the future years.
How Competitive is the Residential Solar PV Inverter Market?
The global residential solar PV inverter market is fragmented. ABB Ltd, Schneider Electric SE, Siemens AG, Mitsubishi Electric Corporation, and Omron Corporation are the market's leading companies.
Recent Market Developments for Residential Solar Photovoltaic Inverters:
- Sungrow Power Supply Co. Ltd released centralised inverters (model SG3125HV) and string inverters in February 2021. (domestic model SG225HX; international model SG250HX). The investors that have been introduced are entirely compatible with 210 ultra-high power modules.
- Tesla announced the development of a proprietary solar inverter in January 2021. Tesla solar inverters are available in 3.8 kW and 7.6 kW configurations, with two and four maximum power point trackers, respectively (MPPTs).
Key Segments
By Type:
- String Inverter
- Micro-Inverter
By Application:
- Single Phase
- Three Phase
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
Frequently Asked Questions
How is the Residential Solar PV Inverter Market Growing?
The residential solar PV inverter is predicted to expand at a consistent CAGR of 4% throughout the forecast period.
What was the Size of the Residential Solar PV Inverter in 2021?
In 2021, the worldwide residential solar PV inverter was estimated to be worth US$ 4 Billion.
How much Residential Solar PV Inverter System Adoption is Possible by 2032?
By 2032, the worldwide residential solar PV inverter is anticipated to reach US$ 6.2 Billion.
Which Region Leads the Global Residential Solar PV Inverter Market?
The Asia Pacific is a significant market for residential solar PV inverters.
What will be the Market Size of Residential Solar Photovoltaic Inverters in 2026?
By 2026, the residential solar PV inverter is estimated to reach roughly US$ 4.87 Billion.
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. FMI Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Residential Solar PV Inverter Demand 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Mn) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background and Foundation Data Points 4.1. Global Protective Coatings Market (US$ Mn) 4.2. Residential Solar PV Inverter Market Opportunity Assessment (US$ Mn) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Global Protective Coatings Market Growth 4.5.3. Residential Solar PV Inverter Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Residential Solar PV Inverter Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Residential Solar PV Inverter Market Demand Analysis 2015-2021 and Forecast, 2022-2032 6.1. Historical Market Analysis, 2015-2021 6.2. Current and Future Market Projections, 2022-2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Residential Solar PV Inverter Market Value Analysis 2015-2021 and Forecast, 2022-2032 7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021 7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Residential Solar PV Inverter Market Analysis 2015-2021 and Forecast 2022-2032, By Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) Analysis By Type, 2015-2021 8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2022-2032 8.3.1. String Inverter 8.3.2. Micro Inverter 8.4. Market Attractiveness Analysis By Type 9. Global Residential Solar PV Inverter Market Analysis 2015-2021 and Forecast 2022-2032, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021 9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032 9.3.1. Single Phase 9.3.2. Three Phase 9.4. Market Attractiveness Analysis By Application 10. Global Residential Solar PV Inverter Market Analysis 2015-2021 and Forecast 2022-2032, By Region 10.1. Introduction 10.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021 10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. Asia Pacific 10.3.5. Middle East and Africa (MEA) 10.4. Market Attractiveness Analysis By Region 11. North America Residential Solar PV Inverter Market Analysis 2015-2021 and Forecast 2022-2032 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 11.4.1. By Country 11.4.1.1. U.S. 11.4.1.2. Canada 11.4.1.3. Rest of North America 11.4.2. By Type 11.4.3. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Type 11.5.3. By Application 12. Latin America Residential Solar PV Inverter Market Analysis 2015-2021 and Forecast 2022-2032 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Rest of Latin America 12.4.2. By Type 12.4.3. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Type 12.5.3. By Application 13. Europe Residential Solar PV Inverter Market Analysis 2015-2021 and Forecast 2022-2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. France 13.4.1.3. U.K. 13.4.1.4. Italy 13.4.1.5. Benelux 13.4.1.6. Nordic Countries 13.4.1.7. Rest of Europe 13.4.2. By Type 13.4.3. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Type 13.5.3. By Application 14. Asia Pacific Residential Solar PV Inverter Market Analysis 2015-2021 and Forecast 2022-2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 14.4.1. By Country 14.4.1.1. China 14.4.1.2. Japan 14.4.1.3. South Korea 14.4.1.4. Rest of Asia Pacific 14.4.2. By Type 14.4.3. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Type 14.5.3. By Application 15. Middle East and Africa Residential Solar PV Inverter Market Analysis 2015-2021 and Forecast 2022-2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 15.4.1. By Country 15.4.1.1. GCC Countries 15.4.1.2. South Africa 15.4.1.3. Turkey 15.4.1.4. Rest of Middle East and Africa 15.4.2. By Type 15.4.3. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Type 15.5.3. By Application 16. Key Countries Residential Solar PV Inverter Market Analysis 2015-2021 and Forecast 2022-2032 16.1. Introduction 16.1.1. Market Value Proportion Analysis, By Key Countries 16.1.2. Global Vs. Country Growth Comparison 16.2. US Residential Solar PV Inverter Market Analysis 16.2.1. Value Proportion Analysis by Market Taxonomy 16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.2.2.1. By Type 16.2.2.2. By Application 16.3. Canada Residential Solar PV Inverter Market Analysis 16.3.1. Value Proportion Analysis by Market Taxonomy 16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.3.2.1. By Type 16.3.2.2. By Application 16.4. Mexico Residential Solar PV Inverter Market Analysis 16.4.1. Value Proportion Analysis by Market Taxonomy 16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.4.2.1. By Type 16.4.2.2. By Application 16.5. Brazil Residential Solar PV Inverter Market Analysis 16.5.1. Value Proportion Analysis by Market Taxonomy 16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.5.2.1. By Type 16.5.2.2. By Application 16.6. Germany Residential Solar PV Inverter Market Analysis 16.6.1. Value Proportion Analysis by Market Taxonomy 16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.6.2.1. By Type 16.6.2.2. By Application 16.7. France Residential Solar PV Inverter Market Analysis 16.7.1. Value Proportion Analysis by Market Taxonomy 16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.7.2.1. By Type 16.7.2.2. By Application 16.8. Italy Residential Solar PV Inverter Market Analysis 16.8.1. Value Proportion Analysis by Market Taxonomy 16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.8.2.1. By Type 16.8.2.2. By Application 16.9. BENELUX Residential Solar PV Inverter Market Analysis 16.9.1. Value Proportion Analysis by Market Taxonomy 16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.9.2.1. By Type 16.9.2.2. By Application 16.10. UK Residential Solar PV Inverter Market Analysis 16.10.1. Value Proportion Analysis by Market Taxonomy 16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.10.2.1. By Type 16.10.2.2. By Application 16.11. Nordic Countries Residential Solar PV Inverter Market Analysis 16.11.1. Value Proportion Analysis by Market Taxonomy 16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.11.2.1. By Type 16.11.2.2. By Application 16.12. China Residential Solar PV Inverter Market Analysis 16.12.1. Value Proportion Analysis by Market Taxonomy 16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.12.2.1. By Type 16.12.2.2. By Application 16.13. Japan Residential Solar PV Inverter Market Analysis 16.13.1. Value Proportion Analysis by Market Taxonomy 16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.13.2.1. By Type 16.13.2.2. By Application 16.14. South Korea Residential Solar PV Inverter Market Analysis 16.14.1. Value Proportion Analysis by Market Taxonomy 16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.14.2.1. By Type 16.14.2.2. By Application 16.15. GCC Countries Residential Solar PV Inverter Market Analysis 16.15.1. Value Proportion Analysis by Market Taxonomy 16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.15.2.1. By Type 16.15.2.2. By Application 16.16. South Africa Residential Solar PV Inverter Market Analysis 16.16.1. Value Proportion Analysis by Market Taxonomy 16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.16.2.1. By Type 16.16.2.2. By Application 16.17. Turkey Residential Solar PV Inverter Market Analysis 16.17.1. Value Proportion Analysis by Market Taxonomy 16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 16.17.2.1. By Type 16.17.2.2. By Application 16.17.3. Competition Landscape and Player Concentration in the Country 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration 17.3. Market Share Analysis of Top Players 17.4. Market Presence Analysis 17.4.1. By Regional footprint of Players 17.4.2. Product footprint by Players 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Competition Deep Dive 18.3.1. General Electric 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Sales Footprint 18.3.1.4. Strategy Overview 18.3.2. SMA Solar Technology AG 18.3.2.1. Overview 18.3.2.2. Product Portfolio 18.3.2.3. Sales Footprint 18.3.2.4. Strategy Overview 18.3.3. Sungrow 18.3.3.1. Overview 18.3.3.2. Product Portfolio 18.3.3.3. Sales Footprint 18.3.3.4. Strategy Overview 18.3.4. Darfon Electronics Corp. 18.3.4.1. Overview 18.3.4.2. Product Portfolio 18.3.4.3. Sales Footprint 18.3.4.4. Strategy Overview 18.3.5. Schneider Electric 18.3.5.1. Overview 18.3.5.2. Product Portfolio 18.3.5.3. Sales Footprint 18.3.5.4. Strategy Overview 18.3.6. Enphase Energy 18.3.6.1. Overview 18.3.6.2. Product Portfolio 18.3.6.3. Sales Footprint 18.3.6.4. Strategy Overview 18.3.7. Siemens 18.3.7.1. Overview 18.3.7.2. Product Portfolio 18.3.7.3. Sales Footprint 18.3.7.4. Strategy Overview 18.3.8. Fimer Group 18.3.8.1. Overview 18.3.8.2. Product Portfolio 18.3.8.3. Sales Footprint 18.3.8.4. Strategy Overview 18.3.9. Eaton 18.3.9.1. Overview 18.3.9.2. Product Portfolio 18.3.9.3. Sales Footprint 18.3.9.4. Strategy Overview 18.3.10. SolarEdge Technologies, Inc. 18.3.10.1. Overview 18.3.10.2. Product Portfolio 18.3.10.3. Sales Footprint 18.3.10.4. Strategy Overview 18.3.11. Huawei Technologies Co., Ltd. 18.3.11.1. Overview 18.3.11.2. Product Portfolio 18.3.11.3. Sales Footprint 18.3.11.4. Strategy Overview 19. Assumptions and Acronyms Used 20. Research Methodology
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Table 1: Global Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2015 – 2021 Table 2: Global Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2022 – 2032 Table 3: Global Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2015 – 2021 Table 4: Global Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2022 – 2032 Table 5: Global Residential Solar PV Inverter Market, By Region, 2015 – 2021 Table 6: Global Residential Solar PV Inverter Market, By Region, 2022 – 2032 Table 7: North America Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2015 – 2021 Table 8: North America Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2022 – 2032 Table 9: North America Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2015 – 2021 Table 10: North America Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2022 – 2032 Table 11: North America Residential Solar PV Inverter Market, By Country, 2015 – 2021 Table 12: North America Residential Solar PV Inverter Market, By Country, 2022 – 2032 Table 13: Latin America Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2015 – 2021 Table 14: Latin America Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2022 – 2032 Table 15: Latin America Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2015 – 2021 Table 16: Latin America Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2022 – 2032 Table 17: Latin America Residential Solar PV Inverter Market, By Country, 2015 – 2021 Table 18: Latin America Residential Solar PV Inverter Market, By Country, 2022 – 2032 Table 19: Europe Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2015 – 2021 Table 20: Europe Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2022 – 2032 Table 21: Europe Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2015 – 2021 Table 22: Europe Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2022 – 2032 Table 23: Europe Residential Solar PV Inverter Market, By Country, 2015 – 2021 Table 24: Europe Residential Solar PV Inverter Market, By Country, 2022 – 2032 Table 25: Asia Pacific Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2015 – 2021 Table 26: Asia Pacific Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2022 – 2032 Table 27: Asia Pacific Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2015 – 2021 Table 28: Asia Pacific Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2022 – 2032 Table 29: Asia Pacific Residential Solar PV Inverter Market, By Country, 2015 – 2021 Table 30: Asia Pacific Residential Solar PV Inverter Market, By Country, 2022 – 2032 Table 31: MEA Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2015 – 2021 Table 32: MEA Residential Solar PV Inverter Market Value (US$ Mn), By Type, 2022 – 2032 Table 33: MEA Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2015 – 2021 Table 34: MEA Residential Solar PV Inverter Market Value (US$ Mn), By Application, 2022 – 2032 Table 35: MEA Residential Solar PV Inverter Market, By Country, 2015 – 2021 Table 36: MEA Residential Solar PV Inverter Market, By Country, 2022 – 2032 Table 37: Global Residential Solar PV Inverter Market Incremental $ Opportunity, By Type, 2015 - 2021 Table 38: Global Residential Solar PV Inverter Market Incremental $ Opportunity, By Application, 2022 – 2032 Table 39: Global Residential Solar PV Inverter Market Incremental $ Opportunity, By Region, 2022 – 2032 Table 40: North America Residential Solar PV Inverter Market Incremental $ Opportunity, By Type, 2015 - 2021 Table 41: North America Residential Solar PV Inverter Market Incremental $ Opportunity, By Application, 2022 – 2032 Table 42: North America Residential Solar PV Inverter Market Incremental $ Opportunity, By Country, 2022 – 2032 Table 43: Latin America Residential Solar PV Inverter Market Incremental $ Opportunity, By Type, 2015 - 2021 Table 44: Latin America Residential Solar PV Inverter Market Incremental $ Opportunity, By Application, 2022 – 2032 Table 45: Latin America Residential Solar PV Inverter Market Incremental $ Opportunity, By Country, 2022 – 2032 Table 46: Europe Residential Solar PV Inverter Market Incremental $ Opportunity, By Type, 2015 - 2021 Table 47: Europe Residential Solar PV Inverter Market Incremental $ Opportunity, By Application, 2022 – 2032 Table 48: Europe Residential Solar PV Inverter Market Incremental $ Opportunity, By Country, 2022 - 2032 Table 49: Asia Pacific Residential Solar PV Inverter Market Incremental $ Opportunity, By Type, 2015 - 2021 Table 50: Asia Pacific Residential Solar PV Inverter Market Incremental $ Opportunity, By Application, 2022 – 2032 Table 51: Asia Pacific Residential Solar PV Inverter Market Incremental $ Opportunity, By Country, 2022 – 2032 Table 52: MEA Residential Solar PV Inverter Market Incremental $ Opportunity, By Type, 2015 - 2021 Table 53: MEA Residential Solar PV Inverter Market Incremental $ Opportunity, By Application, 2022 – 2032 Table 54: MEA Residential Solar PV Inverter Market Incremental $ Opportunity, By Country, 2022 - 2032
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Figure 1: Global Residential Solar PV Inverter Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 2: Global Residential Solar PV Inverter Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn Figure 3: Global Residential Solar PV Inverter Market Share, By Type, 2022 & 2032 Figure 4: Global Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Type – 2022-2032 Figure 5: Global Residential Solar PV Inverter Market Attractiveness Index, By Type – 2022-2032 Figure 6: Global Residential Solar PV Inverter Market Share, By Application, 2022 & 2032 Figure 7: Global Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 8: Global Residential Solar PV Inverter Market Attractiveness Index, By Application – 2022-2032 Figure 9: Global Residential Solar PV Inverter Market Share, By Region, 2022 & 2032 Figure 10: Global Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Region – 2022-2032 Figure 11: Global Residential Solar PV Inverter Market Attractiveness Index, By Region – 2022-2032 Figure 12: North America Residential Solar PV Inverter Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 13: North America Residential Solar PV Inverter Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 14: North America Residential Solar PV Inverter Market Share, By Type, 2022 & 2032 Figure 15: North America Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Type – 2022-2032 Figure 16: North America Residential Solar PV Inverter Market Attractiveness Index, By Type – 2022-2032 Figure 17: North America Residential Solar PV Inverter Market Share, By Application, 2022 & 2032 Figure 18: North America Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 19: North America Residential Solar PV Inverter Market Attractiveness Index, By Application – 2022-2032 Figure 20: North America Residential Solar PV Inverter Market Share, By Country, 2022 & 2032 Figure 21: North America Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 22: North America Market Attractiveness Index, By Country – 2022-2032 Figure 23: Latin America Residential Solar PV Inverter Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 24: Latin America Residential Solar PV Inverter Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 25: Latin America Residential Solar PV Inverter Market Share, By Type, 2022 & 2032 Figure 26: Latin America Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Type – 2022-2032 Figure 27: Latin America Residential Solar PV Inverter Market Attractiveness Index, By Type – 2022-2032 Figure 28: Latin America Residential Solar PV Inverter Market Share, By Application, 2022 & 2032 Figure 29: Latin America Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 30: Latin America Residential Solar PV Inverter Market Attractiveness Index, By Application – 2022-2032 Figure 31: Latin America Residential Solar PV Inverter Market Share, By Country, 2022 & 2032 Figure 32: Latin America Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 33: Latin America Residential Solar PV Inverter Market Attractiveness Index, By Country – 2022-2032 Figure 34: Europe Residential Solar PV Inverter Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 35: Europe Residential Solar PV Inverter Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 36: Europe Residential Solar PV Inverter Market Share, By Type, 2022 & 2032 Figure 37: Europe Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Type – 2022-2032 Figure 38: Europe Residential Solar PV Inverter Market Attractiveness Index, By Type – 2022-2032 Figure 39: Europe Residential Solar PV Inverter Market Share, By Application, 2022 & 2032 Figure 40: Europe Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 41: Europe Residential Solar PV Inverter Market Attractiveness Index, By Application – 2022-2032 Figure 42: Europe Residential Solar PV Inverter Market Share, By Country, 2022 & 2032 Figure 43: Europe Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 44: Europe Residential Solar PV Inverter Market Attractiveness Index, By Country – 2022-2032 Figure 45: MEA Residential Solar PV Inverter Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 46: MEA Residential Solar PV Inverter Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 47: MEA Residential Solar PV Inverter Market Share, By Type, 2022 & 2032 Figure 48: MEA Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Type – 2022-2032 Figure 49: MEA Residential Solar PV Inverter Market Attractiveness Index, By Type – 2022-2032 Figure 50: MEA Residential Solar PV Inverter Market Share, By Application, 2022 & 2032 Figure 51: MEA Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 52: MEA Residential Solar PV Inverter Market Attractiveness Index, By Application – 2022-2032 Figure 53: MEA Residential Solar PV Inverter Market Share, By Country, 2022 & 2032 Figure 54: MEA Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 55: MEA Residential Solar PV Inverter Market Attractiveness Index, By Country – 2022-2032 Figure 56: Asia Pacific Residential Solar PV Inverter Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 57: Asia Pacific Residential Solar PV Inverter Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 58: Asia Pacific Residential Solar PV Inverter Market Share, By Type, 2022 & 2032 Figure 59: Asia Pacific Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Type – 2022-2032 Figure 60: Asia Pacific Residential Solar PV Inverter Market Attractiveness Index, By Type – 2022-2032 Figure 61: Asia Pacific Residential Solar PV Inverter Market Share, By Application, 2022 & 2032 Figure 62: Asia Pacific Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 63: Asia Pacific Residential Solar PV Inverter Market Attractiveness Index, By Application – 2022-2032 Figure 64: Asia Pacific Residential Solar PV Inverter Market Share, By Country, 2022 & 2032 Figure 65: Asia Pacific Residential Solar PV Inverter Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 66: Asia Pacific Residential Solar PV Inverter Market Attractiveness Index, By Country – 2022-2032 Figure 67: US Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 68: US Residential Solar PV Inverter Market Share, By Type, 2021 Figure 69: US Residential Solar PV Inverter Market Share, By Application, 2021 Figure 70: Canada Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 71: Canada Residential Solar PV Inverter Market Share, By Type, 2021 Figure 72: Canada Residential Solar PV Inverter Market Share, By Application, 2021 Figure 73: Brazil Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 74: Brazil Residential Solar PV Inverter Market Share, By Type, 2021 Figure 75: Brazil Residential Solar PV Inverter Market Share, By Application, 2021 Figure 76: Mexico Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 77: Mexico Residential Solar PV Inverter Market Share, By Type, 2021 Figure 78: Mexico Residential Solar PV Inverter Market Share, By Application, 2021 Figure 79: Germany Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 80: Germany Residential Solar PV Inverter Market Share, By Type, 2021 Figure 81: Germany Residential Solar PV Inverter Market Share, By Application, 2021 Figure 82: U.K. Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 83: U.K. Residential Solar PV Inverter Market Share, By Type, 2021 Figure 84: U.K. Residential Solar PV Inverter Market Share, By Application, 2021 Figure 85: France Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 86: France Residential Solar PV Inverter Market Share, By Type, 2021 Figure 87: France Residential Solar PV Inverter Market Share, By Application, 2021 Figure 88: Italy Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 89: Italy Residential Solar PV Inverter Market Share, By Type, 2021 Figure 90: Italy Residential Solar PV Inverter Market Share, By Application, 2021 Figure 91: BENELUX Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 92: BENELUX Residential Solar PV Inverter Market Share, By Type, 2021 Figure 93: BENELUX Residential Solar PV Inverter Market Share, By Application, 2021 Figure 94: Nordic Countries Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 95: Nordic Countries Residential Solar PV Inverter Market Share, By Type, 2021 Figure 96: Nordic Countries Residential Solar PV Inverter Market Share, By Application, 2021 Figure 97: China Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 98: China Residential Solar PV Inverter Market Share, By Type, 2021 Figure 99: China Residential Solar PV Inverter Market Share, By Application, 2021 Figure 100: Japan Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 101: Japan Residential Solar PV Inverter Market Share, By Type, 2021 Figure 102: Japan Residential Solar PV Inverter Market Share, By Application, 2021 Figure 103: South Korea Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 104: South Korea Residential Solar PV Inverter Market Share, By Type, 2021 Figure 105: South Korea Residential Solar PV Inverter Market Share, By Application, 2021 Figure 106: GCC Countries Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 107: GCC Countries Residential Solar PV Inverter Market Share, By Type, 2021 Figure 108: GCC Countries Residential Solar PV Inverter Market Share, By Application, 2021 Figure 109: South Africa Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 110: South Africa Residential Solar PV Inverter Market Share, By Type, 2021 Figure 111: South Africa Residential Solar PV Inverter Market Share, By Application, 2021 Figure 112: Turkey Residential Solar PV Inverter Market Value (US$ Mn) and Forecast, 2022 - 2032 Figure 113: Turkey Residential Solar PV Inverter Market Share, By Type, 2021 Figure 114: Turkey Residential Solar PV Inverter Market Share, By Application, 2021
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