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

RELEASE DATE
30-Apr-2020
REGION
Global
Research Code: MF18-01-00-00-00
SKU: EG02074-GL-MR_24374

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
EG02074-GL-MR_24374

$4,950.00

$3,712.50 save 25 %

DownloadLink

Pay by invoice

ENQUIRE NOW

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
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 93.3Percentage of the market), followed by battery storage (4.8Percentage), small wind (1.1Percentage), and fuel cell unit (0.8Percentage) inverters. The global market is forecast to increase from $ 11.46 billion in 2019 to $ 15.23 billion in 2026 at a CAGR of 4.1Percentage, 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.--BEGIN PROMO--

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?
More Information
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