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Global Solar PV Inverter Growth Opportunities
Global Solar PV Inverter Growth Opportunities
Opportunities in the Residential Sector Enhance Future Growth Potential
RELEASE DATE
08-Nov-2022
08-Nov-2022
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: PD84-01-00-00-00
SKU: EG02278-GL-MT_27092
$2,450.00
In stock
SKU
EG02278-GL-MT_27092
Description
Solar PV is the most advantageous of renewable power sources. In most parts of the world, light is abundant throughout the year, and solar PV is a low-investment, minimal-maintenance option. Unlike wind farms that require extensive land, resource optimization is possible with solar PV. In addition, developers can execute projects in as quickly as 3 months, a turnaround time which they can leverage during energy crises, such as the one being experienced in Europe.
Advancement of storage technologies has further strengthened the case for PV with variability in production having been a major source of concern in the past. Inverters are critical components of solar PV systems and determine the efficiency and longevity of PV assets. Choice of inverters is a major decision in PV projects, and inverters are allocated about 6% to 11% of the installed costs.
This study covers the advantages and disadvantages of several inverter types and the parameters that developers consider when choosing inverters. This study also analyzes drivers of the global demand for solar PV inverters, trends shaping the market, and challenges that stakeholders face. It identifies global PV hotspots for the consideration of new market entrants or existing participants, growth opportunities and revenue potential that participants can capitalize and analyzes the competitive environment across the value chain. Revenue potential is segmented by geography, end user, and inverter type.
Key Issues Addressed
- What is the status of the global solar PV inverter market?
- What are the key drivers and restraints affecting the market? What are the competitive factors in this market?
- Is the market growing? how long will it continue to grow and at what rate?
- Are key regulations affecting not just the solar PV market but also the inverter market?
- Which are the key growth regions for solar PV that market participants can consider for expansion?
- Who are the key market participants and what are their strategies? What does the competitive landscape look like?
- How are revenues likely to change over the course of the next few years?
- What are the avenues available for strategic investment in the global solar PV inverter market? How best can key stakeholders benefit from them?
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Solar Photovoltaic (PV) Inverters Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Scope of Analysis
Global Solar Inverters Market Segmentation
Global Solar Inverters Market Segmentation (continued)
Inverter Classifications
Comparison of Inverters
Inverter Purchase Parameters
What Impacts Inverter Reliability?
Types of IGBT Failure
Types of Capacitor Failure
Compliance and Failure Avoidance
Top Value Chain Participants
Key Competitors (By Technology/End Users)
Key Competitors (By Additional Features)
Growth Metrics
Distribution Channels
Growth Drivers
Growth Restraints
Global Solar PV Capacity Additions (2022–2030)
Trends
Digital Inverters
Digital O&M
Growth Strategy Trends
The Push for Local Manufacturing
Hybrid Inverters and String Inverters to Dominate
Forecast Assumptions
Revenue and Unit Shipment Forecast
Revenue Forecast by Inverter Type
Unit Shipment Forecast by Inverter Type
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue Forecast by End User
Unit Shipment Forecast by End User
Revenue Forecast Analysis
Revenue Forecast Analysis—North America
Revenue and Unit Shipment Forecast
Revenue Forecast by Country
Revenue Forecast by Inverter Type
Revenue Forecast by End User
Unit Shipment Forecast by Country
Unit Shipment Forecast by Inverter Type
Unit Shipment Forecast by End User
Revenue Forecast Analysis—Europe
Revenue and Unit Shipment Forecast
Revenue Forecast by Country
Revenue Forecast by Inverter Type
Revenue Forecast by End User
Unit Shipment Forecast by Country
Unit Shipment Forecast by Inverter Type
Unit Shipment Forecast by End User
Revenue Forecast Analysis—LATAM
Revenue and Unit Shipment Forecast
Revenue Forecast by Country
Revenue Forecast by Inverter Type
Revenue Forecast by End User
Unit Shipment Forecast by Country
Unit Shipment Forecast by Inverter Type
Unit Shipment Forecast by End User
Revenue Forecast Analysis—APAC
Revenue and Unit Shipment Forecast
Revenue Forecast by Country
Revenue Forecast by Inverter Type
Revenue Forecast by End User
Unit Shipment Forecast by Country
Unit Shipment Forecast by Inverter Type
Unit Shipment Forecast by End User
Revenue Forecast Analysis—The Middle East
Revenue and Unit Shipment Forecast
Revenue Forecast by Country
Revenue Forecast by Inverter Type
Revenue Forecast by End User
Unit Shipment Forecast by Country
Unit Shipment Forecast by Inverter Type
Unit Shipment Forecast by End User
Revenue Forecast Analysis—Africa
Revenue and Unit Shipment Forecast
Revenue Forecast by Country
Revenue Forecast by Inverter Type
Revenue Forecast by End User
Unit Shipment Forecast by Country
Unit Shipment Forecast by Inverter Type
Unit Shipment Forecast by End User
Revenue Forecast Analysis—Russia and CIS
Revenue and Unit Shipment Forecast
Revenue Forecast by Country
Revenue Forecast by Inverter Type
Revenue Forecast by End User
Unit Shipment Forecast by Country
Unit Shipment Forecast by Inverter Type
Unit Shipment Forecast by End User
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share—Solar Inverters
Growth Opportunity 1: Vertical Market Expansion
Growth Opportunity 1: Vertical Market Expansion (continued)
Growth Opportunity 2: Geographic Expansion
Growth Opportunity 2: Geographic Expansion (continued)
Growth Opportunity 3: Silicon Carbide/Gallium Nitride Converters
Growth Opportunity 3: Silicon Carbide/Gallium Nitride Converters (continued)
Growth Opportunity 4: Inverter with PID Control
Growth Opportunity 4: Inverter with PID Control (continued)
Growth Opportunity 5: Attractive Financing Options/Off-balance-sheet Asset Arrangement
Growth Opportunity 5: Attractive Financing Options/Off-balance-sheet Asset Arrangement (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
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Solar PV is the most advantageous of renewable power sources. In most parts of the world, light is abundant throughout the year, and solar PV is a low-investment, minimal-maintenance option. Unlike wind farms that require extensive land, resource optimization is possible with solar PV. In addition, developers can execute projects in as quickly as 3 months, a turnaround time which they can leverage during energy crises, such as the one being experienced in Europe.
Advancement of storage technologies has further strengthened the case for PV with variability in production having been a major source of concern in the past. Inverters are critical components of solar PV systems and determine the efficiency and longevity of PV assets. Choice of inverters is a major decision in PV projects, and inverters are allocated about 6% to 11% of the installed costs.
This study covers the advantages and disadvantages of several inverter types and the parameters that developers consider when choosing inverters. This study also analyzes drivers of the global demand for solar PV inverters, trends shaping the market, and challenges that stakeholders face. It identifies global PV hotspots for the consideration of new market entrants or existing participants, growth opportunities and revenue potential that participants can capitalize and analyzes the competitive environment across the value chain. Revenue potential is segmented by geography, end user, and inverter type.--BEGIN PROMO--
Key Issues Addressed
- What is the status of the global solar PV inverter market
- What are the key drivers and restraints affecting the market What are the competitive factors in this market
- Is the market growing how long will it continue to grow and at what rate
- Are key regulations affecting not just the solar PV market but also the inverter market
- Which are the key growth regions for solar PV that market participants can consider for expansion
- Who are the key market participants and what are their strategies What does the competitive landscape look like
- How are revenues likely to change over the course of the next few years
- What are the avenues available for strategic investment in the global solar PV inverter market How best can key stakeholders benefit from them
| Deliverable Type | Market Research |
|---|---|
| Author | Saraswathi Venkatesan |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | PD84-01-00-00-00 |