Solar Inverter Market

Market Insights on Solar Inverter covering sales outlook, demand forecast & up-to-date key trends

Solar Inverter Market By Type, System Type, Phase, End-Use & Region - Forecast 2022 - 2032

Solar Inverter Market Size Outlook (2022-2032)

[210 Pages Report] The Global Solar Inverter Market Size is forecast to grow year-on-year by 5.0% in 2022, reaching a valuation of about US$ 11 Bn in 2022. Increasing adoption of renewable energy sources for residential and commercial spaces is expected to fuel solar inverter sales at a 6% CAGR over the forecast period.

Global Solar Inverter Market Analysis (2021A)	US$ 10.5 Bn
Estimated Year Value (2022E)	US$ 11 Bn
Projected Market Valuation (2032F)	US$ 18.9 Bn
Value-based CAGR (2022-2032)	6.0%
Collective Value Share: Top 3 Countries (2022E)	37.5%

The global solar inverter market represents approximately 5.6% of the overall global solar industry market.

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2017-2021 Solar Inverter Market Historic Outlook Vs 2022-2032 Forecast

From 2017 to 2021, the solar inverter market grew at a CAGR of 3.8%. As per the report, sales are projected to increase at a 6% CAGR over the assessment period.

String inverters are the easiest to maintain since they are frequently installed in basements, garages, and other easily accessible locations.

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These inverters are cost-effective and support strings across many roof planes. As it is a simpler system that performs a more fundamental job, a string inverter is considered to be more durable.

Which Factors are Boosting the Demand for Solar Inverter?

An inverter's primary role is to transform the direct current (DC) electricity generated by solar panels into alternating current (AC) power that may be used in homes and businesses or sent directly into the grid in front-of-the-meter installations (utility-scale solar arrays).

Smart inverters, the next generation of solar inverters, have progressed from one-way to two-way communication with the grid, aiding with grid-support activities. Smart inverters can execute certain grid-supportive functions like as voltage, frequency, communications, and controls thanks to modern software.

The capacity of smart inverters to ride through minor disruptions is one of their most essential grid help qualities (for example, voltage changes). Smart inverters can go into standby mode in the event of a voltage shift and monitor how long the disturbance lasts before turning it off. This guarantees that voltage fluctuations on the grid are kept to a minimum as a result of dispersed resources shutting down completely and terminating power generation.

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How is High Popularity of Micro-Inverter Influencing Sales?

Micro inverters, as opposed to string inverters, are dispersed, with a tiny inverter positioned next to each solar panel. Instead of sending power from all panels to a single inverter for conversion, this technology converts DC to AC electricity immediately at the panel.

Micro inverters are an excellent solution for homes with a sophisticated solar array design or a roof with regular shade. They maximise the performance of each panel at the site to limit the impact of shade, and consumers can check the system’s output at each panel.

Another advantage of micro-inverters is that they enable easy expansion of systems as each additional panel comes with its own inverter. A string inverter is typically scaled for the number of panels that will be put in initially, and it is not built to handle further energy generation.

The disadvantage of micro-inverters is that they cost more than string inverters. Furthermore, because they are positioned on the roof, maintenance may be more difficult. Micro inverters are ideal for maximising energy production on a complex roof with panels facing different directions or in locations with shading difficulties.

Country-wise Insights

What is Driving the U.S. Solar Inverter Market?

“Increasing Awareness Regarding Renewable Energy in the U.S. Will Drive Sales of Solar Inverters”

In 2022, the solar inverter market in the U.S. is predicted to expand at a 5.2% CAGR. The development of new and innovative products by manufacturers operating in the U.S. will augment the growth in the market. According to the study, total sales in the U.S. market will reach US$ 2.7 Bn by the end of 2032.

How is the Japan Solar Inverter Market Faring?

“Growing Demand for Solar Inverters in Japan Will Fuel Growth”

Japan is predicted to account for a dominant share in the East Asia solar inverters market, with sales projected to increase at a 6.0% CAGR. The presence of some of the world's largest manufacturers along with the implementation of stringent regulations regarding energy consumption in the country will boost sales in the forthcoming years. The Japanese market will surpass a valuation of US$ 786 Mn by 2032.

Why is the Demand for the Solar Inverters Rising in India?

“Rising Preference for Cost Effective Inverters in India Will Spur Demand for Solar Inverters”

As per FMI, sales in the Indian market are anticipated to rise at a 7% CAGR over the forecast period. High demand for energy-efficient inverters in India is expected to augment the growth in the market in the forthcoming years. By the end of 2032, total demand in India will exceed a valuation of US$ 827.6 Mn.

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Category-wise Insights

Which is the Most Preferred Product Type?

“Demand for Central Inverters to Remain High”

A string inverter's intricacy might slow down system responsiveness. Latency is observed when more devices are connected and controlled. Hence, central inverters are preferred over string inverters. As per the report, the central inverters segment is projected to create an absolute dollar opportunity of more than US$ 6.4 Bn between 2022 and 2032.

Which is the Leading Industry in the Global Solar Inverters Market?

“Sales of Solar Inverters in the Residential Sector to Gain Traction”

The need for solar inverters in residential is increasing due to the growing demand for renewable energy sources such as solar power. The residential segment is expected to generate an absolute dollar opportunity of more than US$ 4.1 Bn between 2022 and 2032.

Competitive Landscape

Manufacturers operating in the global solar inverters market are investing in mergers, acquisitions and collaborations to expand their global presence. They are also investing in research and development to improve their product portfolios.

Scope of Report

Attribute	Details
Forecast Period	2022-2032
Historical Data Available for	2017-2021
Market Analysis	US$ Billion for Value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia Pacific, and The Middle East and Africa
Key Countries Covered	The U.S., Canada, Mexico, Brazil, Germany, Italy, France, the U.K., Spain, Russia, Turkey, South Africa, GCC Countries, Northern Africa, Japan, China, South Korea, India, ASEAN, Australia, and New Zealand.
Key Segments Covered	Type, System Type, Phase, End-Use, and Region
Key Companies Profiled	Siemens AG Fimer Group SMA Solar Technology AG Delta Electronics Inc SunPower Corporation Omron Corporation Eaton Emerson Electric Co. ABB Ltd Mitsubishi Electric Corporation Schneider Electric SE
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Global Solar Inverter Market by Category

By Type:

Central Inverter
Micro-Inverter
String Inverter

By System Type:

Off Grid
On Grid

By Phase:

Single Phase
Three Phase

By End-Use:

Residential
Commercial and Industrial
Utilities

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
The Middle East and Africa

Frequently Asked Questions

What is the current size of the global solar inverter market?

The global solar invertor market is expected to total US$ 11 Bn in 2022.

At what rate did the demand for solar inverters rise between 2017 to 2021?

The demand for solar inverters increased at a 3.8% CAGR between 2017 to 2021.

Who are the top players in the global solar inverter market and what is their total share?

Schneider Electric, Siemens AG, Fimer Group, SMA Solar Technologies, Omron Corporation, ABB Ltd., Mitsubishi Electric, SunPower Corporation, and others are the leading market players. They collectively account for 55% to 65% of the global market share.

What is the market outlook for Solar Inverter in China?

The demand in China is expected to increase at a 5.7 % CAGR over the forecast period.

Which industry will account for a dominant share in the market?

Implementation of solar inverter in the residential segment is forecast to hold 55.6% of the total market share over the forecast period.

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 2017–2020 and Forecast, 2021–2031

5.1. Historical Market Volume (Units) Analysis, 2017–2020

5.2. Current and Future Market Volume (Units) Projections, 2021–2031

5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis by Type

6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2017–2020 and Forecast, 2021–2031

7.1. Historical Market Value (US$ Mn) Analysis, 2017–2020

7.2. Current and Future Market Value (US$ Mn) Projections, 2021–2031

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 Manufacturing Value Added

8.1.3. Global Renewable Market Outlook

8.1.4. Parent Market Overview

8.1.5. Other Key Macro-Economic Factors

8.2. Forecast Factors - Relevance & Impact

8.2.1. Historic Growth Rate of Companies.

8.2.2. Aftermarket Growth Outlook

8.2.3. Rising Demand for Renewable Energy

8.2.4. Regulatory impact

8.2.5. Other Key Forecast Factors

8.3. Value Chain

8.3.1. List of Manufacturers

8.3.2. List of Distributors

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

9. Global Market Analysis 2017–2020 and Forecast 2021–2031, By Type

9.1. Introduction / Key Findings

9.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2017–2020

9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2021–2031

9.3.1. Central Inverter

9.3.2. Micro-Inverter

9.3.3. String Inverter

9.4. Market Attractiveness Analysis By Type

10. Global Market Analysis 2017–2020 and Forecast 2021–2031, By System Type

10.1. Introduction / Key Findings

10.2. Historical Market Size (US$ Mn) and Volume Analysis By System Type, 2017–2020

10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By System Type, 2021–2031

10.3.1. Off Grid

10.3.2. On Grid

10.4. Market Attractiveness Analysis By System Type

11. Global Market Analysis 2017–2020 and Forecast 2021–2031, By Phase

11.1. Introduction / Key Findings

11.2. Historical Market Size (US$ Mn) and Volume Analysis By Phase, 2017–2020

11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Phase, 2021–2031

11.3.1. Single Phase

11.3.2. Three Phase

11.4. Market Attractiveness Analysis By Phase

12. Global Market Analysis 2017–2020 and Forecast 2021–2031, By End-Use

12.1. Introduction / Key Findings

12.2. Historical Market Size (US$ Mn) and Volume Analysis By End-Use, 2017–2020

12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End-Use, 2021–2031

12.3.1. Residential

12.3.2. Commercial and Industrial

12.3.3. Utilities

12.4. Market Attractiveness Analysis By End-Use

13. Global Market Analysis 2017–2020 and Forecast 2021–2031, by Region

13.1. Introduction

13.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2017–2020

13.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2021–2031

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. East Asia

13.3.5. South Asia and Pacific

13.3.6. Middle East and Africa (MEA)

13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2017–2020 and Forecast 2021–2031

14.1. Introduction

14.2. Pricing Analysis

14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2020

14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

14.4.1. By Country

14.4.1.1. The U.S.

14.4.1.2. Canada

14.4.2. By Type

14.4.3. By System Type

14.4.4. By Phase

14.4.5. By End-Use

14.5. Market Attractiveness Analysis

14.5.1. By Country

14.5.2. By Type

14.5.3. By System Type

14.5.4. By Phase

14.5.5. By End-Use

14.6. Market Trends

14.7. Key Market Participants - Intensity Mapping

14.8. Drivers and Restraints - Impact Analysis

15. Latin America Market Analysis 2017–2020 and Forecast 2021–2031

15.1. Introduction

15.2. Pricing Analysis

15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2020

15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

15.4.1. By Country

15.4.1.1. Brazil

15.4.1.2. Mexico

15.4.1.3. Rest of Latin America

15.4.2. By Type

15.4.3. By System Type

15.4.4. By Phase

15.4.5. By End-Use

15.5. Market Attractiveness Analysis

15.5.1. By Country

15.5.2. By Type

15.5.3. By System Type

15.5.4. By Phase

15.5.5. By End-Use

15.6. Market Trends

15.7. Key Market Participants - Intensity Mapping

15.8. Drivers and Restraints - Impact Analysis

16. Europe Market Analysis 2017–2020 and Forecast 2021–2031

16.1. Introduction

16.2. Pricing Analysis

16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2020

16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

16.4.1. By Country

16.4.1.1. Germany

16.4.1.2. Italy

16.4.1.3. France

16.4.1.4. The U.K.

16.4.1.5. Spain

16.4.1.6. BENELUX

16.4.1.7. Russia

16.4.1.8. Rest of Europe

16.4.2. By Type

16.4.3. By System Type

16.4.4. By Phase

16.4.5. By End-Use

16.5. Market Attractiveness Analysis

16.5.1. By Country

16.5.2. By Type

16.5.3. By System Type

16.5.4. By Phase

16.5.5. By End-Use

16.6. Market Trends

16.7. Key Market Participants - Intensity Mapping

16.8. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Market Analysis 2017–2020 and Forecast 2021–2031

17.1. Introduction

17.2. Pricing Analysis

17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2020

17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

17.4.1. By Country

17.4.1.1. India

17.4.1.2. ASEAN

17.4.1.3. Oceania

17.4.1.4. Rest of South Asia & Pacific

17.4.2. By Type

17.4.3. By System Type

17.4.4. By Phase

17.4.5. By Sale Channel

17.5. Market Attractiveness Analysis

17.5.1. By Country

17.5.2. By Type

17.5.3. By System Type

17.5.4. By Phase

17.5.5. By End-Use

17.6. Market Trends

17.7. Key Market Participants - Intensity Mapping

17.8. Drivers and Restraints - Impact Analysis

18. East Asia Market Analysis 2017–2020 and Forecast 2021–2031

18.1. Introduction

18.2. Pricing Analysis

18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2020

18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

18.4.1. By Country

18.4.1.1. China

18.4.1.2. Japan

18.4.1.3. South Korea

18.4.2. By Type

18.4.3. By System Type

18.4.4. By Phase

18.4.5. By End-Use

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Type

18.5.3. By System Type

18.5.4. By Phase

18.5.5. By End-Use

18.6. Market Trends

18.7. Key Market Participants - Intensity Mapping

18.8. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Market Analysis 2017–2020 and Forecast 2021–2031

19.1. Introduction

19.2. Pricing Analysis

19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2020

19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

19.4.1. By Country

19.4.1.1. GCC Countries

19.4.1.2. Turkey

19.4.1.3. Northern Africa

19.4.1.4. South Africa

19.4.1.5. Rest of Middle East and Africa

19.4.2. By Type

19.4.3. By System Type

19.4.4. By Phase

19.4.5. By End-Use

19.5. Market Attractiveness Analysis

19.5.1. By Country

19.5.2. By Type

19.5.3. By System Type

19.5.4. By Phase

19.5.5. By End-Use

19.6. Market Trends

19.7. Key Market Participants - Intensity Mapping

19.8. Drivers and Restraints - Impact Analysis

20. Emerging Countries Market Analysis

20.1. Introduction

20.1.1. Market Value Proportion Analysis, By Key Countries

20.1.2. Global Vs. Country Growth Comparison

20.2. U.S. Market Analysis

20.2.1. By Type

20.2.2. By System Type

20.2.3. By Phase

20.2.4. By End-Use

20.3. Canada Market Analysis

20.3.1. By Type

20.3.2. By System Type

20.3.3. By Phase

20.3.4. By End-Use

20.4. Mexico Market Analysis

20.4.1. By Type

20.4.2. By System Type

20.4.3. By Phase

20.4.4. By End-Use

20.5. Brazil Market Analysis

20.5.1. By Type

20.5.2. By System Type

20.5.3. By Phase

20.5.4. By End-Use

20.6. Germany Market Analysis

20.6.1. By Type

20.6.2. By System Type

20.6.3. By Phase

20.6.4. By End-Use

20.7. Italy Market Analysis

20.7.1. By Type

20.7.2. By System Type

20.7.3. By Phase

20.7.4. By End-Use

20.8. France Market Analysis

20.8.1. By Type

20.8.2. By System Type

20.8.3. By Phase

20.8.4. By End-Use

20.9. U.K. Market Analysis

20.9.1. By Type

20.9.2. By System Type

20.9.3. By Phase

20.9.4. By End-Use

20.10. Spain Market Analysis

20.10.1. By Type

20.10.2. By System Type

20.10.3. By Phase

20.10.4. By End-Use

20.11. BENELUX Market Analysis

20.11.1. By Type

20.11.2. By System Type

20.11.3. By Phase

20.11.4. By End-Use

20.12. Russia Market Analysis

20.12.1. By Type

20.12.2. By System Type

20.12.3. By Phase

20.12.4. By End-Use

20.13. China Market Analysis

20.13.1. By Type

20.13.2. By System Type

20.13.3. By Phase

20.13.4. By End-Use

20.14. Japan Market Analysis

20.14.1. By Type

20.14.2. By System Type

20.14.3. By Phase

20.14.4. By End-Use

20.15. S. Korea Market Analysis

20.15.1. By Type

20.15.2. By System Type

20.15.3. By Phase

20.15.4. By End-Use

20.16. India Market Analysis

20.16.1. By Type

20.16.2. By System Type

20.16.3. By Phase

20.16.4. By End-Use

20.17. ASEAN Market Analysis

20.17.1. By Type

20.17.2. By System Type

20.17.3. By Phase

20.17.4. By End-Use

20.18. Australia and New Zealand Market Analysis

20.18.1. By Type

20.18.2. By System Type

20.18.3. By Phase

20.18.4. By End-Use

20.19. GCC Countries Market Analysis

20.19.1. By Type

20.19.2. By System Type

20.19.3. By Phase

20.19.4. By End-Use

20.20. Turkey Market Analysis

20.20.1. By Type

20.20.2. By System Type

20.20.3. By Phase

20.20.4. By End-Use

20.21. Northern Africa Market Analysis

20.21.1. By Type

20.21.2. By System Type

20.21.3. By Phase

20.21.4. By End-Use

20.22. South Africa Market Analysis

20.22.1. By Type

20.22.2. By System Type

20.22.3. By Phase

20.22.4. By End-Use

21. Market Structure Analysis

21.1. Market Analysis by Tier of Companies (Solar Inverter)

21.2. Market Share Analysis of Top Players

21.3. Market Presence Analysis

22. Competition Analysis

22.1. Competition Dashboard

22.2. Competition Benchmarking

22.3. Competition Deep Dive

22.3.1. Siemens AG

22.3.1.1. Overview

22.3.1.2. Product Portfolio

22.3.1.3. Profitability by Market Segments (Product/Channel/Region)

22.3.1.4. Sales Footprint

22.3.1.5. Strategy Overview

22.3.2. Famer Group

22.3.2.1. Overview

22.3.2.2. Product Portfolio

22.3.2.3. Profitability by Market Segments (Product/Channel/Region)

22.3.2.4. Sales Footprint

22.3.2.5. Strategy Overview

22.3.3. SMA Solar Technologies

22.3.3.1. Overview

22.3.3.2. Product Portfolio

22.3.3.3. Profitability by Market Segments (Product/Channel/Region)

22.3.3.4. Sales Footprint

22.3.3.5. Strategy Overview

22.3.4. Delta Electronics Inc

22.3.4.1. Overview

22.3.4.2. Product Portfolio

22.3.4.3. Profitability by Market Segments (Product/Channel/Region)

22.3.4.4. Sales Footprint

22.3.4.5. Strategy Overview

22.3.5. SunPower Corporation

22.3.5.1. Overview

22.3.5.2. Product Portfolio

22.3.5.3. Profitability by Market Segments (Product/Channel/Region)

22.3.5.4. Sales Footprint

22.3.5.5. Strategy Overview

22.3.6. Omron Corporation

22.3.6.1. Overview

22.3.6.2. Product Portfolio

22.3.6.3. Profitability by Market Segments (Product/Channel/Region)

22.3.6.4. Sales Footprint

22.3.6.5. Strategy Overview

22.3.7. Eaton

22.3.7.1. Overview

22.3.7.2. Product Portfolio

22.3.7.3. Profitability by Market Segments (Product/Channel/Region)

22.3.7.4. Sales Footprint

22.3.7.5. Strategy Overview

22.3.8. Emerson Electric Co.

22.3.8.1. Overview

22.3.8.2. Product Portfolio

22.3.8.3. Profitability by Market Segments (Product/Channel/Region)

22.3.8.4. Sales Footprint

22.3.8.5. Strategy Overview

22.3.9. ABB Ltd

22.3.9.1. Overview

22.3.9.2. Product Portfolio

22.3.9.3. Profitability by Market Segments (Product/Channel/Region)

22.3.9.4. Sales Footprint

22.3.9.5. Strategy Overview

22.3.10. Mitsubishi Electric Corporation

22.3.10.1. Overview

22.3.10.2. Product Portfolio

22.3.10.3. Profitability by Market Segments (Product/Channel/Region)

22.3.10.4. Sales Footprint

22.3.10.5. Strategy Overview

22.3.11. Schneider Electric SE

22.3.11.1. Overview

22.3.11.2. Product Portfolio

22.3.11.3. Profitability by Market Segments (Product/Channel/Region)

22.3.11.4. Sales Footprint

22.3.11.5. Strategy Overview

Note: The list of companies is subject to refinement and augmentation during research

23. Assumptions and Acronyms Used

24. Research Methodology

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List of Tables

Table 01: Global Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Type

Table 02: Global Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by System Type

Table 03: Global Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Phase

Table 04: Global Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by End-Use

Table 05: Global Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Region

Table 06: North America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Country

Table 07: North America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Type

Table 08: North America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by System Type

Table 09: North America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Phase

Table 10: North America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by End-Use

Table 11: Latin America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Country

Table 12: Latin America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Type

Table 13: Latin America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by System Type

Table 14: Latin America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Phase

Table 15: Latin America Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by End-Use

Table 16: Europe Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Country

Table 17: Europe Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Type

Table 18: Europe Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by System Type

Table 19: Europe Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Phase

Table 20: Europe Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by End-Use

Table 21: East Asia Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Country

Table 22: East Asia Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Type

Table 23: East Asia Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by System Type

Table 24: East Asia Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Phase

Table 25: East Asia Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by End-Use

Table 26: South Asia Pacific Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Country

Table 27: South Asia Pacific Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Type

Table 28: South Asia Pacific Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by System Type

Table 29: South Asia Pacific Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Phase

Table 30: South Asia Pacific Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by End-Use

Table 31: Middle East and Africa Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Country

Table 32: Middle East and Africa Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Type

Table 33: Middle East and Africa Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by System Type

Table 34: Middle East and Africa Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by Phase

Table 35: Middle East and Africa Market Volume (Units) and Value (US$ Mn) Historical Data 2017– 2021 and Forecast 2022-2032 by End-Use

Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 01: Global Historic Demand Analysis 2017-2021

Figure 02: Global Demand Forecast Analysis 2022-2032

Figure 03: Global Historic Demand Analysis 2017-2021

Figure 04: Global Solar Inverters Abs. $ Opp. Analysis (2017-2032)

Figure 05: Global Demand Forecast Analysis 2022-2032

Figure 06: Global Market Value by Type, 2022 & 2032

Figure 07: Global Market Demand Forecast by Type, 2022-2032

Figure 08: Global Market Share and BPS Analysis by Type- 2022-2032

Figure 09: Global Market Y-o-Y Analysis by Type- 2021-2032

Figure 10: Global Market Attractiveness Analysis by Type, 2022-2032

Figure 11: Global Market Incremental $ Opportunity by Type, 2022-2032

Figure 12: Global Market Value by System Type, 2022 & 2032

Figure 13: Global Market Demand Forecast by System Type, 2022-2032

Figure 14: Global Market Share and BPS Analysis by System Type - 2022-2032

Figure 15: Global Market Y-o-Y Analysis by System Type - 2021-2032

Figure 16: Global Market Attractiveness Analysis by System Type, 2022-2032

Figure 17: Global Market Incremental $ Opportunity by System Type, 2022-2032

Figure 18: Global Market Value by Phase, 2022 & 2032

Figure 19: Global Market Demand Forecast by Phase, 2022-2032

Figure 20: Global Market Share and BPS Analysis by Phase - 2022-2032

Figure 21: Global Market Y-o-Y Analysis by Phase - 2021-2032

Figure 22: Global Market Attractiveness Analysis by Phase, 2022-2032

Figure 23: Global Market Incremental $ Opportunity by Phase, 2022-2032

Figure 24: Global Market Value by End-Use, 2022 & 2032

Figure 25: Global Market Demand Forecast by End-Use, 2022-2032

Figure 26: Global Market Share and BPS Analysis by End-Use - 2022-2032

Figure 27: Global Market Y-o-Y Analysis by End-Use - 2021-2032

Figure 28: Global Market Attractiveness Analysis by End-Use, 2022-2032

Figure 29: Global Market Incremental $ Opportunity by End-Use, 2022-2032

Figure 30: Global Market Value by Region, 2022 & 2032

Figure 31: Global Market Demand Forecast by Region, 2022-2032

Figure 32: Global Market Share and BPS Analysis by Region - 2022-2032

Figure 33: Global Market Y-o-Y Analysis by Region - 2021-2032

Figure 34: Global Market Attractiveness Analysis by Region, 2022-2032

Figure 35: Global Market Incremental $ Opportunity by Region, 2022-2032

Figure 36: North America Market Value by Country, 2022 & 2032

Figure 37: North America Market Demand Forecast by Country, 2022-2032

Figure 38: North America Market Share and BPS Analysis by Country - 2022-2032

Figure 39: North America Market Y-o-Y Analysis by Country - 2021-2032

Figure 40: North America Market Attractiveness Analysis by Country, 2022-2032

Figure 41: North America Market Incremental $ Opportunity by Country, 2022-2032

Figure 42: North America Market Share and BPS Analysis by Type- 2022-2032

Figure 43: North America Market Y-o-Y Analysis by Type- 2021-2032

Figure 44: North America Market Attractiveness Analysis by Type, 2022-2032

Figure 45: North America Market Share and BPS Analysis by System Type - 2022-2032

Figure 46: North America Market Y-o-Y Analysis by System Type - 2021-2032

Figure 47: North America Market Attractiveness Analysis by System Type, 2022-2032

Figure 48: North America Market Share and BPS Analysis by Phase - 2022-2032

Figure 49: North America Market Y-o-Y Analysis by Phase - 2021-2032

Figure 50: North America Market Attractiveness Analysis by Phase, 2022-2032

Figure 51: North America Market Share and BPS Analysis by End-Use - 2022-2032

Figure 52: North America Market Y-o-Y Analysis by End-Use - 2021-2032

Figure 53: North America Market Attractiveness Analysis by End-Use, 2022-2032

Figure 54: Latin America Market Value by Country, 2022 & 2032

Figure 55: Latin America Market Demand Forecast by Country, 2022-2032

Figure 56: Latin America Market Share and BPS Analysis by Country - 2022-2032

Figure 57: Latin America Market Y-o-Y Analysis by Country - 2021-2032

Figure 58: Latin America Market Attractiveness Analysis by Country, 2022-2032

Figure 59: Latin America Market Incremental $ Opportunity by Country, 2022-2032

Figure 60: Latin America Market Share and BPS Analysis by Type- 2022-2032

Figure 61: Latin America Market Y-o-Y Analysis by Type- 2021-2032

Figure 62: Latin America Market Attractiveness Analysis by Type, 2022-2032

Figure 63: Latin America Market Share and BPS Analysis by System Type - 2022-2032

Figure 64: Latin America Market Y-o-Y Analysis by System Type - 2021-2032

Figure 65: Latin America Market Attractiveness Analysis by System Type, 2022-2032

Figure 66: Latin America Market Share and BPS Analysis by Phase - 2022-2032

Figure 67: Latin America Market Y-o-Y Analysis by Phase - 2021-2032

Figure 68: Latin America Market Attractiveness Analysis by Phase, 2022-2032

Figure 69: Latin America Market Share and BPS Analysis by End-Use - 2022-2032

Figure 70: Latin America Market Y-o-Y Analysis by End-Use - 2021-2032

Figure 71: Latin America Market Attractiveness Analysis by End-Use, 2022-2032

Figure 72: Europe Market Value by Country, 2022 & 2032

Figure 73: Europe Market Demand Forecast by Country, 2022-2032

Figure 74: Europe Market Share and BPS Analysis by Country - 2022-2032

Figure 75: Europe Market Y-o-Y Analysis by Country - 2021-2032

Figure 76: Europe Market Attractiveness Analysis by Country, 2022-2032

Figure 77: Europe Market Incremental $ Opportunity by Country, 2022-2032

Figure 78: Europe Market Share and BPS Analysis by Type- 2022-2032

Figure 79: Europe Market Y-o-Y Analysis by Type- 2021-2032

Figure 80: Europe Market Attractiveness Analysis by Type, 2022-2032

Figure 81: Europe Market Share and BPS Analysis by System Type - 2022-2032

Figure 82: Europe Market Y-o-Y Analysis by System Type - 2021-2032

Figure 83: Europe Market Attractiveness Analysis by System Type, 2022-2032

Figure 84: Europe Market Share and BPS Analysis by Phase - 2022-2032

Figure 85: Europe Market Y-o-Y Analysis by Phase - 2021-2032

Figure 86: Europe Market Attractiveness Analysis by Phase, 2022-2032

Figure 87: Europe Market Share and BPS Analysis by End-Use - 2022-2032

Figure 88: Europe Market Y-o-Y Analysis by End-Use - 2021-2032

Figure 89: Europe Market Attractiveness Analysis by End-Use, 2022-2032

Figure 90: East Asia Market Value by Country, 2022 & 2032

Figure 91: East Asia Market Demand Forecast by Country, 2022-2032

Figure 92: East Asia Market Share and BPS Analysis by Country - 2022-2032

Figure 93: East Asia Market Y-o-Y Analysis by Country - 2021-2032

Figure 94: East Asia Market Attractiveness Analysis by Country, 2022-2032

Figure 95: East Asia Market Incremental $ Opportunity by Country, 2022-2032

Figure 96: East Asia Market Share and BPS Analysis by Type- 2022-2032

Figure 97: East Asia Market Y-o-Y Analysis by Type- 2021-2032

Figure 98: East Asia Market Attractiveness Analysis by Type, 2022-2032

Figure 99: East Asia Market Share and BPS Analysis by System Type - 2022-2032

Figure 100: East Asia Market Y-o-Y Analysis by System Type - 2021-2032

Figure 101: East Asia Market Attractiveness Analysis by System Type, 2022-2032

Figure 102: East Asia Market Share and BPS Analysis by Phase - 2022-2032

Figure 103: East Asia Market Y-o-Y Analysis by Phase - 2021-2032

Figure 104: East Asia Market Attractiveness Analysis by Phase, 2022-2032

Figure 105: East Asia Market Share and BPS Analysis by End-Use - 2022-2032

Figure 106: East Asia Market Y-o-Y Analysis by End-Use - 2021-2032

Figure 107: East Asia Market Attractiveness Analysis by End-Use, 2022-2032

Figure 108: South Asia Pacific Market Value by Country, 2022 & 2032

Figure 109: South Asia Pacific Market Demand Forecast by Country, 2022-2032

Figure 110: South Asia Pacific Market Share and BPS Analysis by Country - 2022-2032

Figure 111: South Asia Pacific Market Y-o-Y Analysis by Country - 2021-2032

Figure 112: South Asia Pacific Market Attractiveness Analysis by Country, 2022-2032

Figure 113: South Asia Pacific Market Incremental $ Opportunity by Country, 2022-2032

Figure 114: South Asia Pacific Market Share and BPS Analysis by Type- 2022-2032

Figure 115: South Asia Pacific Market Y-o-Y Analysis by Type- 2021-2032

Figure 116: South Asia Pacific Market Attractiveness Analysis by Type, 2022-2032

Figure 117: South Asia Pacific Market Share and BPS Analysis by System Type - 2022-2032

Figure 118: South Asia Pacific Market Y-o-Y Analysis by System Type - 2021-2032

Figure 119: South Asia Pacific Market Attractiveness Analysis by System Type, 2022-2032

Figure 120: South Asia Pacific Market Share and BPS Analysis by Phase - 2022-2032

Figure 121: South Asia Pacific Market Y-o-Y Analysis by Phase - 2021-2032

Figure 122: South Asia Pacific Market Attractiveness Analysis by Phase, 2022-2032

Figure 123: South Asia Pacific Market Share and BPS Analysis by End-Use - 2022-2032

Figure 124: South Asia Pacific Market Y-o-Y Analysis by End-Use - 2021-2032

Figure 125: South Asia Pacific Market Attractiveness Analysis by End-Use, 2022-2032

Figure 126: Middle East and Africa Market Value by Country, 2022 & 2032

Figure 127: Middle East and Africa Market Demand Forecast by Country, 2022-2032

Figure 128: Middle East and Africa Market Share and BPS Analysis by Country - 2022-2032

Figure 129: Middle East and Africa Market Y-o-Y Analysis by Country - 2021-2032

Figure 130: Middle East and Africa Market Attractiveness Analysis by Country, 2022-2032

Figure 131: Middle East and Africa Market Incremental $ Opportunity by Country, 2022-2032

Figure 132: Middle East and Africa Market Share and BPS Analysis by Type- 2022-2032

Figure 133: Middle East and Africa Market Y-o-Y Analysis by Type- 2021-2032

Figure 134: Middle East and Africa Market Attractiveness Analysis by Type, 2022-2032

Figure 135: Middle East and Africa Market Share and BPS Analysis by System Type - 2022-2032

Figure 136: Middle East and Africa Market Y-o-Y Analysis by System Type - 2021-2032

Figure 137: Middle East and Africa Market Attractiveness Analysis by System Type, 2022-2032

Figure 138: Middle East and Africa Market Share and BPS Analysis by Phase - 2022-2032

Figure 139: Middle East and Africa Market Y-o-Y Analysis by Phase - 2021-2032

Figure 140: Middle East and Africa Market Attractiveness Analysis by Phase, 2022-2032

Figure 141: Middle East and Africa Market Share and BPS Analysis by End-Use - 2022-2032

Figure 142: Middle East and Africa Market Y-o-Y Analysis by End-Use - 2021-2032

Figure 143: Middle East and Africa Market Attractiveness Analysis by End-Use, 2022-2032