Asia-Pacific Renewable Energy Inverters Market, Forecast to 2021

Market Enters Mature Stage and Renewable Energy Projects in Japan and Australia Slow Down

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The Asia-Pacific Renewable Energy (RE) inverters market is entering the mature stage, especially in developed countries such as Australia and Japan. However, growth potential still exists in Southeast Asia, as RE adoption growth is still promising. The market registered a revenue that was close to $2.5 billion and is forecasted to expand by less than 1% from 2016 to 2021. The low Compound Annual Growth Rate (CAGR) is attributed to the maturity of the largest markets such as Australia, Japan, and South Korea.

In this study, the use of inverters usually reflects the development of RE. In Australia, solar and wind energy development are equally significant. This trend is expected to continue for the next 5 years, in spite of lowering of Feed-in-tariffs (FiTs) in the country. Southeast Asia’s RE inverter market is expected to account for double digit growth from 2016 to 2021, whereby the off-grid RE inverter market will find opportunities in rural electrification projects in this region. The top 5 countries with an attractive wind energy inverter market are Japan, Australia, South Korea, the Philippines, and Thailand. However, in the base year, this market was dull but is expected to pick up during the forecast period due to projects from these nations.

Top 3 market participants with the highest share are Tabuchi Electric, Omron, and TMEIC.

Research Scope:
The market trends are analyzed for a study period of 2012 to 2022, with the base year being 2016. RE inverter for solar and wind power generation, for both on grid and off grid is the key focus area in this study. The capacity segments are broadly categorized into ‘Above 10kW’ and ‘Up to 10kW’. Geographic coverage includes Southeast Asia (Vietnam, Indonesia, Thailand, Malaysia, the Philippines, and Singapore), East Asia (Japan, Taiwan, and South Korea), and Australia and New Zealand (ANZ). This analysis excludes China.

The other companies mentioned in this study include Sharp, Fuji Electric, SMA, ABB, Schneider Electric, and SolarEdge.

Key Questions This Study Will Answer
• What factors are driving the Asia-Pacific RE Inverters market? Is growth sustainable till 2021?
• What are the RE targets of respective countries in the RE inverter market? Are the regulations and incentive schemes supporting the growth in
the region?
• What are the challenging factors in the market? Are competitors strategically positioned to meet these challenges?
• Which market segments are more attractive during the forecast period—residential or utility scale?
• Which are the major market competitors? Is the market facing competition from regional or Western multinational participants?

Table of Contents

1. Executive Summary
Key Findings
2. Introduction
Definitions
Segmentation by Energy Source
Segmentation by Vertical Market
Geographic Scope and Exchange Rates
3. Market Overview
RE Inverter Market Breakdown by Energy Source
Regional Hot Spots
4. Drivers and Restraints—Total RE Inverters Market
Market Drivers
Market Restraints
5. Forecasts and Trends—Total RE Inverters Market
Revenue Forecast
Percent Revenue Forecast by Region
Revenue Forecast by Region
Percent Revenue Forecast by Grid Connectivity
Percent Revenue Forecast by Vertical Market
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
6. Competitive Analysis—Total RE Inverters Market
Competitive Analysis
7. East Asia Breakdown
Revenue Forecast by Country
Percent Revenue Forecast by Energy Sources
Revenue Forecast by Vertical Market
8. ANZ Breakdown
9. Southeast Asia Breakdown
10. Growth Opportunities and Companies to Action
Growth Opportunity 1—New Offering
Growth Opportunity 2—Future Competition
Strategic Imperatives for Success and Growth
11. The Last Word
Key Conclusions
Legal Disclaimer
12. Appendix
Other Companies
13. The Frost & Sullivan Story


List of Figures & Charts

1. Total RE Inverters Market: Market Revenue, Asia-Pacific, 2016
2. Total RE Inverters Market: Key Market Drivers, Asia-Pacific, 2017–2021
3. Total RE Inverters Market: RET 2020/2030, Asia-Pacific, 2016
4. Total RE Inverters Market: FiT Scheme, Asia-Pacific, 2015
5. RE Inverters Market: Cumulative Solar Installations in Rooftop Applications, Australia, 2014–2035
6. Total RE Inverters Market: Key Market Restraints, Asia-Pacific, 2017–2020
7. Total RE Inverters Market: Revenue Forecast by Region, Asia-Pacific, 2012–2021
8. Total RE Inverters Market: Revenue Forecast by Grid Connectivity, Asia-Pacific, 2012–2021
9. Total RE Inverters Market: Revenue Forecast by Vertical Market, Asia-Pacific, 2012–2021
10. Total RE Inverters Market: Percent Revenue Contribution by Vertical Market, Asia-Pacific, 2016–2021
11. Total RE Inverters Market: Renewable Energy Installation Target, Thailand, 2016


1. Total RE Inverters Market: Percent Revenue Breakdown by Energy Source, Asia-Pacific, 2016 and 2021
2. Total RE Inverters Market: Regional Hot Spots, Asia-Pacific, 2016 and 2021
3. RE Inverters Market: Annual Solar Installations in Rooftop Applications, Japan, 2012–2015
4. Transmission and Distribution Investments, Asia-Pacific, 2014–2016
5. Total RE Inverters Market: Revenue Forecast, Asia-Pacific, 2012–2021
6. Total RE Inverters Market: Percent Revenue Forecast by Region, Asia-Pacific, 2012–2021
7. Total RE Inverters Market: Percent Revenue Forecast by Grid Connectivity, Asia-Pacific, 2012–2021
8. Total RE Inverters Market: Percent Revenue Forecast by Vertical Market, Asia-Pacific, 2012–2021
9. Total RE Inverters Market: Tiers of Competition, Asia-Pacific, 2016
10. RE Inverters Market: Revenue Forecast by Country, East Asia, 2012–2021
11. RE Inverters Market: Percent Revenue Forecast by Energy Sources, East Asia, 2012–2021
12. RE Inverter Market: Annual Solar and Wind Power Addition, East Asia, 2012, 2016, and 2021
13. RE Inverters Market: Percent Revenue Forecast by Vertical Market, East Asia, 2012–2021
14. RE Inverters Market: Revenue Forecast by Country, ANZ, 2012–2021
15. RE Inverters Market: Percent Revenue Forecast by Energy Sources, ANZ, 2012–2021
16. RE Inverters Market: Percent Revenue Forecast by Vertical Market, ANZ, 2012–2021
17. RE Inverters Market: Revenue Forecast by Country, Southeast Asia, 2012–2021
18. RE Inverters Market: Percent Revenue Forecast by Energy Sources, Southeast Asia, 2012–2021
19. RE Inverter Market: Annual Solar and Wind Power Addition, Southeast Asia, 2012, 2016 and 2021
20. RE Inverters Market: Percent Revenue Forecast by Vertical Market, Southeast Asia, 2012–2021



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