Photovoltaic Inverter Market In-depth Research covering sales outlook, demand forecast & up-to-date key trends
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The global Photovoltaic Inverter market is expected to grow at a CAGR of 3.2% during the forecast period.
The global Photovoltaic Inverter market is estimated to be about 5755.0 million US dollars in 2020.
The global Photovoltaic Inverter market is estimated to reach 6537.0 million USD by 2026.
The global Photovoltaic Inverter market is segmented by company, region (country), type and application. Participants, stakeholders, and other readers in the global Photovoltaic Inverter market will be able to gain an advantage as they use reports as a powerful resource.
Photovoltaic Inverter markets by category
Central Inverters
String Inverters
Micro-Inverters
Photovoltaic Inverter Market by Application (Percentage of Demand)
On-Grid
Off-Grid
Battery Backup Inverter
Who are the leading companies in Photovoltaic Inverter
ABB
SMA Solar Technology
OMRON
Huawei
TMEIC
SUNGROW
Photovoltaic Inverter markets by region:
In North America
In Latin America
Europe
The Asia-pacific
Middle East and Africa (MEA)
What are the main countries covered
The United States
Canada
Germany
France
UK
Italy
Russia
China
Japan
Korea
Southeast Asia
India
Australia
Brazil
Mexico
Argentina
Chile
Colombia
Egypt
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Which is the most profitable market
Among regions, North America/Europe/Asia Pacific accounted for the largest share of global personalized beauty equipment as rising consumer incomes led to increased spending at Photovoltaic Inverter.
What methodology did you follow in your research
This study was conducted by our expert analysts through a combination of primary and secondary studies. The methodology we follow includes a demand-side assessment of the market and triangulation of this through supply-side analysis. The methodology is based on the use of standard market structures, methods, and definitions.
Who were the primary study respondents
We talk to stakeholders across the spectrum. Including C-level executives, distributors, product manufacturers, industry experts, etc.
What are the sources of secondary research
We conduct extensive secondary studies using proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations and research papers.
1. Introduction
1.1 Definition of the Market
1.2 Research Purpose
1.3 Scope of the Study
1.4 Stakeholders
1.5 Geography Coverage
1.6 Currency Under Consideration
1.7 Market Size Units
1.8 Review Cycle
2 Global Market Overview
2.1 Global Photovoltaic Inverter Revenue and Growth Forecast 2014-2026
2.2 Global Photovoltaic Inverter Market Size and Growth Forecast 2014-2026
2.3 Global Photovoltaic Inverter Revenue by Region 2014-2026
2.4 Photovoltaic Inverter Market Share by Major Regions 2014-2021
2.5 Photovoltaic Inverter Gross Margin in Different Region 2014-2021
2.6 Global Photovoltaic Inverter Market History Price and Forecast 2014-2026
2.7 Global Photovoltaic Inverter Sales Market Share by Top Companies 2014-2021
3 Global Photovoltaic Inverter Market by Type
3.1 Global Photovoltaic Inverter Revenue and Growth Rate Segment by Types from 2014-2021
3.2 Global Photovoltaic Inverter Market Size and Growth Rate Segment by Product Types from 2014-2021
3.3 Global Photovoltaic Inverter Price Segment by Types from 2014-2021
3.4 Brief Introduction of Different Types
3.4.1 Central Inverters
3.4.2 String Inverters
3.4.3 Micro-Inverters
4 Global Photovoltaic Inverter Market by Application
4.1 Global Photovoltaic Inverter Revenue and Growth Rate Segment by Applications from 2014-2021
4.2 Global Photovoltaic Inverter Market Size and Growth Rate Segment by Product Applications from 2014-2021
4.3 Brief Introduction of Different Applications
4.3.1 On-Grid
4.3.2 Off-Grid
4.3.3 Battery Backup Inverter
5 North America Photovoltaic Inverter Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
5.1 North America Photovoltaic Inverter Value ($) from 2014-2021
5.2 North America Photovoltaic Inverter Market Size from 2014-2021
5.3 North America Photovoltaic Inverter Price Change from 2014-2021
5.4 North America Photovoltaic Inverter Import and Export from 2014-2021
5.5 North America Photovoltaic Inverter Market Value ($) and Growth (%) by Type from 2014-2021
5.6 North America Photovoltaic Inverter Market Value ($) and Growth (%) by Application from 2014-2021
5.7 North America Photovoltaic Inverter Market Value ($) and Growth (%) by Countries from 2014-2021
5.7.1 The United States
5.7.2 Canada
5.8 Top North America Photovoltaic Inverter Participants Value ($) and Market Share (%) in 2020
6 Europe Photovoltaic Inverter Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
6.1 Europe Photovoltaic Inverter Value ($) from 2014-2021
6.2 Europe Photovoltaic Inverter Market Size from 2014-2021
6.3 Europe Photovoltaic Inverter Price Change from 2014-2021
6.4 Europe Photovoltaic Inverter Import and Export from 2014-2021
6.5 Europe Photovoltaic Inverter Market Value ($) and Growth (%) by Type from 2014-2021
6.6 Europe Photovoltaic Inverter Market Value ($) and Growth (%) by Application from 2014-2021
6.7 Europe Photovoltaic Inverter Market Value ($) and Growth (%) by Countries from 2014-2021
6.7.1 Germany
6.7.2 France
6.7.3 UK
6.7.4 Italy
6.7.5 Russia
…
6.8 Top Europe Photovoltaic Inverter Participants Value ($) and Market Share (%) in 2020
7 Asia-Pacific Photovoltaic Inverter Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
7.1 Asia-Pacific Photovoltaic Inverter Value ($) from 2014-2021
7.2 Asia-Pacific Photovoltaic Inverter Market Size from 2014-2021
7.3 Asia-Pacific Photovoltaic Inverter Price Change from 2014-2021
7.4 Asia-Pacific Photovoltaic Inverter Import and Export from 2014-2021
7.5 Asia-Pacific Photovoltaic Inverter Market Value ($) and Growth (%) by Type from 2014-2021
7.6 Asia-Pacific Photovoltaic Inverter Market Value ($) and Growth (%) by Application from 2014-2021
7.7 Asia-Pacific Photovoltaic Inverter Market Value ($) and Growth (%) by Countries from 2014-2021
7.7.1 China
7.7.2 Japan
7.7.3 Korea
7.7.4 Southeast Asia
7.7.5 India
7.7.6 Australia
…
7.8 Top Asia-Pacific Photovoltaic Inverter Participants Value ($) and Market Share (%) in 2020
8 Latin America Photovoltaic Inverter Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
8.1 Latin America Photovoltaic Inverter Value ($) from 2014-2021
8.2 Latin America Photovoltaic Inverter Market Size from 2014-2021
8.3 Latin America Photovoltaic Inverter Price Change from 2014-2021
8.4 Latin America Photovoltaic Inverter Import and Export from 2014-2021
8.5 Latin America Photovoltaic Inverter Market Value ($) and Growth (%) by Type from 2014-2021
8.6 Latin America Photovoltaic Inverter Market Value ($) and Growth (%) by Application from 2014-2021
8.7 Latin America Photovoltaic Inverter Market Value ($) and Growth (%) by Countries from 2014-2021
8.7.1 Brazil
8.7.2 Mexico
8.7.3 Argentina
8.7.4 Chile
8.7.5 Colombia
…
8.8 Top Latin America Photovoltaic Inverter Participants Value ($) and Market Share (%) in 2020
9 Middle East & Africa Photovoltaic Inverter Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
9.1 Middle East & Africa Photovoltaic Inverter Value ($) from 2014-2021
9.2 Middle East & Africa Photovoltaic Inverter Market Size from 2014-2021
9.3 Middle East & Africa Photovoltaic Inverter Price Change from 2014-2021
9.4 Middle East & Africa Photovoltaic Inverter Import and Export from 2014-2021
9.5 Middle East & Africa Photovoltaic Inverter Market Value ($) and Growth (%) by Type from 2014-2021
9.6 Middle East & Africa Photovoltaic Inverter Market Value ($) and Growth (%) by Application from 2014-2021
9.7 Middle East & Africa Photovoltaic Inverter Market Value ($) and Growth (%) by Countries from 2014-2021
9.7.1 Egypt
9.7.2 Saudi Arabia
9.7.3 United Arab Emirates
9.7.4 Nigeria
9.7.5 South Africa
…
9.8 Top Middle East & Africa Photovoltaic Inverter Participants Value ($) and Market Share (%) in 2020
10. Global Level Competitive Intelligence – Company Profiles
10.1 ABB
10.1.1 ABB Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.1.2 ABB Sales, Value, Gross and Gross Margin from 2014-2021
10.1.3 ABB Value and Growth Change from 2014-2021
10.1.4 ABB Price Change from 2014-2021
10.1.5 ABB Product Offered
10.2 SMA Solar Technology
10.2.1 SMA Solar Technology Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.2.2 SMA Solar Technology Sales, Value, Gross and Gross Margin from 2014-2021
10.2.3 SMA Solar Technology Value and Growth Change from 2014-2021
10.2.4 SMA Solar Technology Price Change from 2014-2021
10.2.5 SMA Solar Technology Product Offered
10.3 OMRON
10.3.1 OMRON Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.3.2 OMRON Sales, Value, Gross and Gross Margin from 2014-2021
10.3.3 OMRON Value and Growth Change from 2014-2021
10.3.4 OMRON Price Change from 2014-2021
10.3.5 OMRON Product Offered
10.4 Huawei
10.4.1 Huawei Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.4.2 Huawei Sales, Value, Gross and Gross Margin from 2014-2021
10.4.3 Huawei Value and Growth Change from 2014-2021
10.4.4 Huawei Price Change from 2014-2021
10.4.5 Huawei Product Offered
10.5 TMEIC
10.5.1 TMEIC Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.5.2 TMEIC Sales, Value, Gross and Gross Margin from 2014-2021
10.5.3 TMEIC Value and Growth Change from 2014-2021
10.5.4 TMEIC Price Change from 2014-2021
10.5.5 TMEIC Product Offered
10.6 SUNGROW
10.6.1 SUNGROW Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.6.2 SUNGROW Sales, Value, Gross and Gross Margin from 2014-2021
10.6.3 SUNGROW Value and Growth Change from 2014-2021
10.6.4 SUNGROW Price Change from 2014-2021
10.6.5 SUNGROW Product Offered
11. Market Dynamics
11.1 Driving Factors
11.1.1 Rising Demand in Some Regions: North America/Europe/China/India/Japan …
11.1.2 Increasing Use of Photovoltaic Inverter by Different End-User/Applications
11.2 Restraints and Challenges in the Market
11.3 Opportunities
11.4 Covid-19 Impact/Evaluation
12. Future Forecast of Global Photovoltaic Inverter Market from 2020-2026
12.1 Future Forecast of Global Photovoltaic Inverter Market from 2020-2026 Segment by Regions
12.2 Future Forecast of Global Photovoltaic Inverter Market from 2020-2026 Segment by Type
12.3 Future Forecast of Global Photovoltaic Inverter Market from 2020-2026 Segment by Application
13. Investment Analysis
13.1 Fundamental Analysis (Porter's Five Forces Analysis)
13.2 Technical Preparation Analysis
13.3 Risk Evaluating Analysis
13.4 Estimated Investment Pay-Back Period
14 Research Methodology
14.1 Research Data
14.1.1 Secondary Data
14.1.2 Primary Data
14.2 Revenue Estimation
14.2.1 Bottom-Up Approach
14.2.2 Top-Down Approach (Involves time, Space, and Persons)
14.3 Data Triangulation
14.4 Assumptions
14.5 Hypothesis of this Research, Clear, specific, and testable statement of this research
14.6 Limitations of Our Study
14.7 Scene Based Modeling
15 Disclaimer
Research Methodology:
Photovoltaic Inverter Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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