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Global Renewable Energy Inverters Market, Forecast to 2026
Global Renewable Energy Inverters Market, Forecast to 2026
Growing Solar Photovoltaic (PV) Installation and Increasing Popularity of Solar Plus Storage Systems to Drive Growth
30-Apr-2020
Global
$4,950.00
Special Price $3,712.50 save 25 %
Description
The growing adoption of renewable energy (RE) generation across the globe is expected to drive the growth of the RE inverters market over the coming years. The continually declining prices of RE, coupled with country-specific clean energy targets and increasing corporate procurement, are driving the growth of the global RE inverters market. The market is expected to grow steadily with a slight decline over the medium term and long term. The growth will be driven mainly by solar photovoltaic (PV) installations with an increasing share of battery storage inverters spurred on by the growing popularity of RE storage solutions. Growth in the global renewable energy inverter market is driven by the installation of renewable energy systems.
The RE inverters market is led by solar PV (PV constitutes 93.3% of the market), followed by battery storage (4.8%), small wind (1.1%), and fuel cell unit (0.8%) inverters. The global market is forecast to increase from $ 11.46 billion in 2019 to $ 15.23 billion in 2026 at a CAGR of 4.1%, driven largely by increased investments in solar PV based generation and escalating popularity of solar plus storage solutions. The market for solar inverters is dominated by China and India, while the battery storage inverter market is led mainly by the United States, South Korea, Australia, and Japan. Key countries for the fuel cell inverter market are Japan and the United States whereas the small wind market is led by China, Italy, and the United States.
Market trends have been analyzed for the study period covering 2016 through 2026, with the base year being 2019. The study covers North America, Latin America, Europe, Asia-Pacific, Africa, and Rest of the World (ROW).
The global RE inverter market, particularly the solar inverter segment is witnessing consolidation and exits as competition intensifies amid increasing pricing pressures and declining profit margins. Key companies in this space include Huawei, Sungrow, ABB, SMA, SolarEdge, and Fronius.
Key Issues Addressed
- Is the market growing; how long will it continue to grow, and at what rate?
- Which are the key growth regions for renewable energy inverters and how are they going to transform the inverter market in the future?
- How are key regulations affecting the renewable energy market in various regions across the globe? How are they expected to impact the inverter market?
- How will the pricing of inverters change over time?
- What are the key drivers and restraints affecting the renewable inverters market? What are the competitive factors in this market?
- How is expected to change over the course of the next 5 years?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Definitions
Market Definitions (continued)
Market Definitions—Solar Inverters
Market Definitions—Solar Inverters (continued)
Market Definitions—Small Wind Inverters
Market Definitions—Fuel Cell Inverters
Market Definitions—Battery Storage Inverters
Key Questions this Study will Answer
Market Segmentation by Renewable Inverter Type
Market Distribution Channels—Solar Inverter
Market Distribution Channels—Small Wind Inverter
Market Distribution Channels—Fuel Cell Inverter
Market Distribution Channels—Battery Storage Inverter
Distribution Channels Explained
Distribution Channels Explained (continued)
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Restraints Explained (continued)
Restraints Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Regional Hot Spots
Percent Revenue Forecast by Renewable Inverter Type
Revenue Forecast by Renewable Inverter Type
Revenue Forecast Discussion by Renewable Inverter Type
Revenue Forecast Discussion by Renewable Inverter Type (continued)
Market Share
Market Share Analysis
Competitive Environment
Competitive Environment—Mergers & Acquisitions
Competitive Factors and Assessment
Growth Opportunity 1—Geographic Expansion
Growth Opportunity 2—Value-added Services
Growth Opportunity 3—Digitization and New Capabilities
Strategic Imperatives for Success and Growth
Strategic Insights
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Percent Revenue Forecast by Grid Connectivity
Revenue Forecast by Grid Connectivity
Revenue Forecast Discussion by Grid Connectivity
Percent Revenue Forecast by Power Range
Revenue Forecast by Power Range
Revenue Forecast Discussion by Power Range
Revenue Forecast Discussion by Power Range (continued)
North America—Strategic Insights
North America—Strategic Insights (continued)
North America—Revenue Forecast
North America—Revenue Forecast Discussion
Europe—Strategic Insights
Europe—Strategic Insights (continued)
Europe—Revenue Forecast
Europe—Revenue Forecast Discussion
APAC—Strategic Insights
APAC—Strategic Insights (continued)
APAC—Revenue Forecast
APAC—Revenue Forecast Discussion
Latin America—Strategic Insights
Latin America—Revenue Forecast
Latin America—Revenue Forecast Discussion
ROW—Key Findings
ROW—Revenue Forecast
ROW—Revenue Forecast Discussion
Strategic Insights
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Grid Connectivity
Revenue Forecast by Grid Connectivity
Revenue Forecast Discussion by Grid Connectivity
Percent Revenue Forecast by Power Range
Revenue Forecast by Power Range
Revenue Forecast Discussion by Power Range
North America—Strategic Insights
North America—Revenue Forecast
North America—Revenue Forecast Discussion
Europe—Strategic Insights
Europe—Strategic Insights (continued)
Europe—Revenue Forecast
Europe—Revenue Forecast Discussion
APAC—Strategic Insights
APAC—Revenue Forecast
APAC—Revenue Forecast Discussion
ROW—Strategic Insights
ROW—Revenue Forecast
ROW—Revenue Forecast Discussion
Strategic Insights
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Grid Connectivity
Revenue Forecast by Grid Connectivity
Revenue Forecast Discussion by Grid Connectivity
Percent Revenue Forecast by Power Range
Revenue Forecast by Power Range
Revenue Forecast Discussion by Power Range
North America—Strategic Insights
North America—Revenue Forecast
North America—Revenue Forecast Discussion
Europe—Strategic Insights
Europe—Revenue Forecast
Europe—Revenue Forecast Discussion
APAC—Strategic Insights
APAC—Strategic Insights (continued)
APAC—Revenue Forecast
APAC—Revenue Forecast Discussion
ROW—Strategic Insights
ROW—Revenue Forecast
ROW—Revenue Forecast Discussion
Strategic Insights
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Grid Connectivity
Revenue Forecast by Grid Connectivity
Revenue Forecast Discussion by Grid Connectivity
Percent Revenue Forecast by Power Range
Revenue Forecast by Power Range
Revenue Forecast Discussion by Power Range
North America—Strategic Insights
North America—Strategic Insights (continued)
North America—Revenue Forecast
North America—Revenue Forecast Discussion
Europe—Strategic Insights
Europe—Strategic Insights (continued)
Europe—Revenue Forecast
Europe—Revenue Forecast Discussion
APAC—Strategic Insights
APAC—Strategic Insights (continued)
APAC—Revenue Forecast
APAC—Revenue Forecast Discussion
ROW—Strategic Insights
ROW—Revenue Forecast
ROW—Revenue Forecast Discussion
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
List of Companies in “Others”
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Related Research
Popular Topics
Key Issues Addressed
- Is the market growing; how long will it continue to grow, and at what rate?
- Which are the key growth regions for renewable energy inverters and how are they going to transform the inverter market in the future?
- How are key regulations affecting the renewable energy market in various regions across the globe? How are they expected to impact the inverter market?
- How will the pricing of inverters change over time?
- What are the key drivers and restraints affecting the renewable inverters market? What are the competitive factors in this market?
- How is expected to change over the course of the next 5 years?
| No Index | No |
|---|---|
| Podcast | No |
| Author | Sama Suwal |
| Industries | Energy |
| WIP Number | MF18-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9AFF-A4,9B00-A4,9851 |