A solar inverter or PV inverter, is a type of electrical converter which converts the variable direct current (DC) output of a photovoltaic (PV) solar panel into a utility frequency alternating current (AC) that can be fed into a commercial electrical grid or used by a local, off-grid electrical network.

Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve all their goals while taking advantage of emerging opportunities. Technological advancements, new product launches, and market capital flows are compared across scenarios to demonstrate their impact over the forecast period.

Data collected includes market dynamics, technology outlook, application development, and pricing trends. All of this is fed into a research model, which then produces relevant data for market research. Global market trend analysis is given including historical data, estimates to 2023 and compound annual growth rate (CAGR) forecast to 2028.

Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.

2023 will be a tough year for much of the global economy, as the ongoing war in Ukraine continues to strain trade, especially in Europe, and the global economy remains reeling from the fallout from the COVID-19 pandemic.

But as China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high.And with the global economy now facing significant challenges, including energy shortages, slowing growth and high inflation, China’s reopening could provide a much-needed and timely boost.

The report researches and analyzes the influence of the Photovoltaic Inverter industry in the new era of global post-COIVD-19 economy in 2023, and provides in-depth analysis and professional suggestions on the current development.

Market Segment by Product Type

Central Inverters

String Inverters

Micro-Inverters

Market Segment by Product Application

On-Grid

Off-Grid

Battery Backup Inverter

Finally, the report provides detailed profile and data information analysis of leading company.

ABB

SMA Solar Technology

OMRON

Huawei

TMEIC

SUNGROW

Insights and Tools:

We follow a comprehensive process to estimate market size. Key industry dynamics, regulatory scenarios, and segmental dynamics are analyzed to understand their impact on demand over the forecast period. Macroeconomic indicators such as prices, income and demographic changes, demand changes, etc. are considered in estimating market size. We also provide an in-depth profile of the key players and discuss their market shares in the global market to derive the market value. In addition, we have an internal database that is regularly updated with key insights and press releases from key stakeholders in the relevant market.

The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our analyst gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.

The market research includes historical and forecast data from like demand, application details, price trends, and company shares by geography, especially focuses on the key regions like United States, European Union, China, and other regions.

Research Objectives

1.To study and analyze the global Photovoltaic Inverter consumption (value) by key regions/countries, product type and application, history data from 2018 to 2022, and forecast to 2028.

2.To understand the structure of Photovoltaic Inverter market by identifying its various subsegments.

3.Focuses on the key global Photovoltaic Inverter manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.

4.To analyze the Photovoltaic Inverter with respect to individual growth trends, future prospects, and their contribution to the total market.

5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

6.To project the consumption of Photovoltaic Inverter submarkets, with respect to key regions (along with their respective key countries).

7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

8.To strategically profile the key players and comprehensively analyze their growth strategies.

Global Photovoltaic Inverter Market Research Report 2023, Forecast to 2028

1 Market Study Overview

1.1 Study Objectives

1.2 Photovoltaic Inverter Introduce

1.3 Combined with the Analysis of Macroeconomic Indicators

1.4 Brief Description of Research methods

1.5 Market Breakdown and Data Triangulation

2 Global Trend Summary

2.1 Photovoltaic Inverter Segment by Type

2.1.1 Central Inverters

2.1.2 String Inverters

2.1.3 Micro-Inverters

2.2 Market Analysis by Application

2.2.1 On-Grid

2.2.2 Off-Grid

2.2.3 Battery Backup Inverter

2.3 Global Photovoltaic Inverter Market Comparison by Regions (2018-2028)

2.3.1 Global Photovoltaic Inverter Market Size (2018-2028)

2.3.2 North America Photovoltaic Inverter Status and Prospect (2018-2028)

2.3.3 Europe Photovoltaic Inverter Status and Prospect (2018-2028)

2.3.4 China Photovoltaic Inverter Status and Prospect (2018-2028)

2.3.5 Japan Photovoltaic Inverter Status and Prospect (2018-2028)

2.3.6 Southeast Asia Photovoltaic Inverter Status and Prospect (2018-2028)

2.4 Basic Product Information

2.4.1 Basic Product Information & Technology Development History

2.4.2 Product Manufacturing Process

2.4.3 Interview with Major Market Participants

2.4.4 High-end Market Analysis and Forecast

2.5 Coronavirus Disease 2020 (Covid-19): Photovoltaic Inverter Industry Impact

2.5.1 Photovoltaic Inverter Business Impact Assessment - Covid-19

2.5.2 Market Trends and Photovoltaic Inverter Potential Opportunities in the COVID-19 Landscape

2.5.3 Measures / Proposal against Covid-19

3 Competition by Manufacturer

3.1 Global Photovoltaic Inverter Sales and Market Share by Manufacturer (2018-2023)

3.2 Global Photovoltaic Inverter Revenue and Market Share by Manufacturer (2018-2023)

3.3 Global Photovoltaic Inverter Industry Concentration Ratio (CR5 and HHI)

3.4 Top 5 Photovoltaic Inverter Manufacturer Market Share

3.5 Top 10 Photovoltaic Inverter Manufacturer Market Share

3.6 Date of Key Manufacturers Enter into Photovoltaic Inverter Market

3.7 Key Manufacturers Photovoltaic Inverter Key Manufacturers

3.8 Mergers & Acquisitions Planning

4 Analysis of Photovoltaic Inverter Industry Key Manufacturers

4.1 ABB

4.1.1 Compan Detail

4.1.2 ABB Photovoltaic Inverter Product Introduction, Application and Specification

4.1.3 ABB 139 Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.1.4 Main Business Overview

4.1.5 ABB News

4.2 SMA Solar Technology

4.2.1 Compan Detail

4.2.2 SMA Solar Technology Photovoltaic Inverter Product Introduction, Application and Specification

4.2.3 SMA Solar Technology Photovoltaic Inverter Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.2.4 Main Business Overview

4.2.5 ABB News

4.3 OMRON

4.3.1 Compan Detail

4.3.2 OMRON Photovoltaic Inverter Product Introduction, Application and Specification

4.3.3 OMRON Photovoltaic Inverter Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.3.4 Main Business Overview

4.3.5 OMRON News

4.4 Huawei

4.4.1 Compan Detail

4.4.2 Huawei Photovoltaic Inverter Product Introduction, Application and Specification

4.4.3 Huawei Photovoltaic Inverter Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.4.4 Main Business Overview

4.4.5 Huawei News

4.5 TMEIC

4.5.1 Compan Detail

4.5.2 Huawei Photovoltaic Inverter Product Introduction, Application and Specification

4.5.3 TMEIC Photovoltaic Inverter Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.5.4 Main Business Overview

4.5.5 TMEIC News

4.6 SUNGROW

4.6.1 Compan Detail

4.6.2 SUNGROW Photovoltaic Inverter Product Introduction, Application and Specification

4.6.3 SUNGROW Photovoltaic Inverter Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.6.4 Main Business Overview

4.6.5 SUNGROW News

5 Global Photovoltaic Inverter Market Segment by Big Type

5.1 Global Photovoltaic Inverter Revenue, Sales and Market Share by Big Type (2018-2023)

5.1.1 Global Photovoltaic Inverter Sales and Market Share by Big Type (2018-2023)

5.1.2 Global Photovoltaic Inverter Revenue and Market Share by Big Type (2018-2023)

5.2 Central Inverters Sales Growth Rate and Price

5.2.1 Global Central Inverters Sales Growth Rate (2018-2023)

5.2.2 Global Central Inverters Price (2018-2023)

5.3 String Inverters Sales Growth Rate and Price

5.3.1 Global String Inverters Sales Growth Rate (2018-2023)

5.3.2 Global String Inverters Price (2018-2023)

5.4 Micro-Inverters Sales Growth Rate and Price

5.4.1 Global Micro-Inverters Sales Growth Rate (2018-2023)

5.4.2 Global Micro-Inverters Price (2018-2023)

6 Global Photovoltaic Inverter Market Segment by Big Application

6.1 Global Photovoltaic Inverter Sales Market Share by Big Application (2018-2023)

6.2 On-Grid Sales Growth Rate (2018-2023)

6.3 Off-Grid Sales Growth Rate (2018-2023)

6.4 Battery Backup Inverter Sales Growth Rate (2018-2023)

7 Global Photovoltaic Inverter Forecast

7.1 Global Photovoltaic Inverter Revenue, Sales and Growth Rate (2023-2028)

7.2 Photovoltaic Inverter Market Forecast by Regions (2023-2028)

7.2.1 North America Photovoltaic Inverter Market Forecast (2023-2028)

7.2.2 Europe Photovoltaic Inverter Market Forecast (2023-2028)

7.2.3 China Photovoltaic Inverter Market Forecast (2023-2028)

7.2.4 Japan Photovoltaic Inverter Market Forecast (2023-2028)

7.2.5 Southeast Asia Photovoltaic Inverter Market Forecast (2023-2028)

7.2.6 Other Regions Photovoltaic Inverter Market Forecast (2023-2028)

7.3 Photovoltaic Inverter Market Forecast by Type (2023-2028)

7.3.1 Global Photovoltaic Inverter Sales Forecast by Type (2023-2028)

7.3.2 Global Photovoltaic Inverter Market Share Forecast by Type (2023-2028)

7.4 Photovoltaic Inverter Market Forecast by Application (2023-2028)

7.4.1 Global Photovoltaic Inverter Sales Forecast by Application (2023-2028)

7.4.2 Global Photovoltaic Inverter Market Share Forecast by Application (2023-2028)

8 Market Analysis

8.1.1 Market Overview

8.1.2 Market Opportunities

8.1.3 Market Risk

8.1.4 Market Driving Force

8.1.5 Porter's Five Forces Analysis

8.1.6 SWOT Analysis

9 Photovoltaic Inverter Related Market Analysis

9.1 Upstream Analysis

9.1.1 Macro Analysis of Upstream Markets

9.1.2 Key Players in Upstream Markets

9.1.3 Upstream Market Trend Analysis

9.1.4 Photovoltaic Inverter Manufacturing Cost Analysis

9.2 Downstream Market Analysis

9.2.1 Macro Analysis of Down Markets

9.2.2 Key Players in Down Markets

9.2.3 Downstream Market Trend Analysis

9.2.4 Sales Channel, Distributors, Traders and Dealers

10 Research Findings and Conclusion

List of Tables and Figures

Figure Product Picture Photovoltaic Inverter

Figure Market Concentration Ratio and Market Maturity Analysis of Photovoltaic Inverter

Figure Bottom-up and Top-down Approaches for This Report

Figure Part of Our External Database

Figure Part of Our External Database

Figure Key Executives Interviewed

Table Global Photovoltaic Inverter Market Size by Big Type

Figure Global Market Share of Photovoltaic Inverter by Big Type in 2022

Figure Central Inverters Picture (2018-2023)

Figure String Inverters Picture (2018-2023)

Global Photovoltaic Inverter Market Size by Big Application

Table Global Photovoltaic Inverter Market Size by Application

Figure Global Photovoltaic Inverter Market Share by Big Application in 2022

Figure On-Grid Picture

Figure Off-Grid Picture

Figure Battery Backup Inverter Picture

Table Global Photovoltaic Inverter Comparison by Regions (M USD) （2018-2028）

Figure Global Photovoltaic Inverter Market Size (Million US$) (2018-2028)

Figure North America Photovoltaic Inverter Revenue (Million US$) Growth Rate (2018-2028)

Figure Europe Photovoltaic Inverter Revenue (Million US$) Growth Rate (2018-2028)

Figure China Photovoltaic Inverter Revenue (Million US$) Growth Rate (2018-2028)

Figure Japan Photovoltaic Inverter Revenue (Million US$) Growth Rate (2018-2028)

Figure Southeast Asia Photovoltaic Inverter Revenue (Million US$) Growth Rate (2018-2028)

Table Business Impact Assessment - Covid-19

Table Market Trends and Photovoltaic Inverter Potential Opportunities in the COVID-19 Landscape

Table Measures / Proposal against Covid-19

Table Global Photovoltaic Inverter Sales by Manufacturer (2018-2023)

Figure Global Photovoltaic Inverter Sales Market Share by Manufacturer in 2022

Table Global Photovoltaic Inverter Revenue by Manufacturer (2018-2023)

Figure Global Photovoltaic Inverter Revenue Market Share by Manufacturer in 2022

Table Global Photovoltaic Inverter Manufacturers Market Concentration Ratio (CR5 and HHI)

Figure Top 5 Photovoltaic Inverter Manufacturer (Revenue) Market Share in 2022

Figure Top 10 Photovoltaic Inverter Manufacturer (Revenue) Market Share in 2022

Table Date of Key Manufacturers Enter into Photovoltaic Inverter Market

Table Key Manufacturers Photovoltaic Inverter Product Type

Table Mergers & Acquisitions Planning

Table ABB Company Profile

Table Photovoltaic Inverter Product Introduction, Application and Specification of ABB

Table Photovoltaic Inverter Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company One 2018-2023

Table Company One Main Business

Table Company One Recent Development

Table SMA Solar Technology Company Profile

Table Photovoltaic Inverter Product Introduction, Application and Specification of SMA Solar Technology

Table Photovoltaic Inverter Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023

Table SMA Solar Technology Recent Development

Table OMRON Company Profile

Table Photovoltaic Inverter Product Introduction, Application and Specification of OMRON

Table Photovoltaic Inverter Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023

Table OMRON Main Business

Table OMRON Recent Development

Table Huawei Company Profile

Table Photovoltaic Inverter Product Introduction, Application and Specification of Huawei

Table Photovoltaic Inverter Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023

Table Huawei Main Business

Table Huawei Recent Development

Table Huawei Main Business

Table Huawei Recent Development

Table TMEIC Company Profile

Table Photovoltaic Inverter Product Introduction, Application and Specification of TMEIC

Table Photovoltaic Inverter Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023

Table TMEIC Main Business

Table TMEIC Recent Development

Table SUNGROW Company Profile

Table Photovoltaic Inverter Product Introduction, Application and Specification of SUNGROW

Table Photovoltaic Inverter Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023

Table SUNGROW Main Business

Table SUNGROW Recent Development

Figure Global Photovoltaic Inverter Sales and Growth Rate (2018-2023)

Figure Global Photovoltaic Inverter Revenue and Growth Rate (2018-2023)

Table Global Photovoltaic Inverter Sales by Regions (2018-2023)

Figure Global Photovoltaic Inverter Sales Market Share by Regions in 2022

Table Global Photovoltaic Inverter Revenue by Regions (2018-2023)

Figure Global Photovoltaic Inverter Revenue Market Share by Regions in 2022

Figure North America Photovoltaic Inverter Sales and Growth Rate (2018-2023)

Figure Europe Photovoltaic Inverter Sales and Growth Rate (2018-2023)

Figure China Photovoltaic Inverter Sales and Growth Rate (2018-2023)

Figure Japan Photovoltaic Inverter Sales and Growth Rate (2018-2023)

Figure Southeast Asia Photovoltaic Inverter Sales and Growth Rate (2018-2023)

Figure Other Regions Photovoltaic Inverter Sales and Growth Rate (2018-2023)

Table Global Photovoltaic Inverter Sales by Big Type (2018-2023)

Table Global Photovoltaic Inverter Sales Market Share by Big Type (2018-2023)

Figure Global Photovoltaic Inverter Sales Market Share by Big Type in 2020

Table Global Photovoltaic Inverter Revenue by Big Type (2018-2023)

Table Global Photovoltaic Inverter Revenue Market Share by Big Type (2018-2023)

Table Global Photovoltaic Inverter Revenue Market Share by Big Type in 2020

Figure Global Central Inverters Sales Growth Rate (2018-2023)

Figure Global Central Inverters Price (2018-2023)

Figure Global String Inverters Sales Growth Rate (2018-2023)

Figure Global String Inverters Price (2018-2023)

Figure Global Micro-Inverters Sales Growth Rate (2018-2023)

Table Global Photovoltaic Inverter Sales by Big Application (2018-2023)

Table Global Photovoltaic Inverter Sales Market Share by Big Application (2018-2023)

Figure Global Photovoltaic Inverter Sales Market Share by Big Application in 2020

Figure Global On-Grid Sales Growth Rate (2018-2023)

Figure Global Off-Grid Sales Growth Rate (2018-2023)

Figure Global Battery Backup Inverter Sales Growth Rate (2018-2023)

Figure Global Photovoltaic Inverter Sales and Growth Rate (2023-2028)

Figure Global Photovoltaic Inverter Revenue and Growth Rate (2023-2028)

Table Global Photovoltaic Inverter Sales Forecast by Regions (2023-2028)

Table Global Photovoltaic Inverter Market Share Forecast by Regions (2023-2028)

Figure North America Sales Photovoltaic Inverter Market Forecast (2023-2028)

Figure Europe Sales Photovoltaic Inverter Market Forecast (2023-2028)

Figure China Sales Photovoltaic Inverter Market Forecast (2023-2028)

Figure Japan Sales Photovoltaic Inverter Market Forecast (2023-2028)

Figure Southeast Asia Sales Photovoltaic Inverter Market Forecast (2023-2028)

Figure Other Regions Sales Photovoltaic Inverter Market Forecast (2023-2028)

Table Global Photovoltaic Inverter Sales Forecast by Type (2023-2028)

Table Global Photovoltaic Inverter Market Share Forecast by Type (2023-2028)

Table Global Photovoltaic Inverter Sales Forecast by Application (2023-2028)

Table Global Photovoltaic Inverter Market Share Forecast by Application (2023-2028)

Table Market Opportunities in Next Few Years

Table Market Risks Analysis

Table Market Drivers

Figure Porter's Five Forces Analysis

Table Macro Analysis of Upstream Markets

Table Key Players in Upstream Markets

Table Key Players of Upstream Markets

Table Key Raw Materials

Figure Price Trend of Key Raw Materials

Table Key Suppliers of Raw Materials

Figure Manufacturing Cost Structure of Photovoltaic Inverter

Table Macro Analysis of Down Markets

Table Key Players in Down Markets

Table Key Players of Downstream Markets

Figure Sales Channel

Figure North America Photovoltaic Inverter Sales (K Units) Growth Rate Forecast (2022-2026)

Figure North America Photovoltaic Inverter Revenue (Million US$) Growth Rate Forecast (2022-2026)

Figure Europe Photovoltaic Inverter Sales (K Units) Growth Rate Forecast (2022-2026)

Figure Europe Photovoltaic Inverter Revenue (Million US$) Growth Rate Forecast (2022-2026)

Figure Japan Photovoltaic Inverter Production (K Units) Growth Rate Forecast (2022-2026)

Figure Japan Photovoltaic Inverter Revenue (Million US$) Growth Rate Forecast (2022-2026)

Figure China Photovoltaic Inverter Production (K Units) Growth Rate Forecast (2022-2026)

Figure China Photovoltaic Inverter Revenue (Million US$) Growth Rate Forecast (2022-2026)

Figure Methodology/Research Approach

Figure Market Size Estimation

Figure Author List