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Global Renewable Energy Inverters Market, Forecast to 2022
Growing Solar PV Installations in Asia to Drive Inverter Market Growth
27-Mar-2018
Global
Market Research
MD49-01-00-00-00
EG01863-GL-MR_21595
$4,950.00
Special Price $3,712.50 save 25 %
The rapid expansion of renewables based power generation is expected to play a significant role in the growth of the inverter market in the coming years. The market is expected to grow steadily over the medium term and decline after 2020. The growth will be driven mainly by solar photovoltaic (PV) installations mainly in Asia and North America which are expected to substitute fossil based power with renewable power in the coming years. Further, falling prices of equipment are expected to drive rapid installation of renewable energy in the developed regions of the world.
Growth in the global renewable energy (RE) inverter market is driven by the installation of systems, led by solar PV (constitutes more than 95% of the market), and followed by small wind turbine (about 2%) and fuel cell (1%) units. Total inverter installations are forecast to increase from 102 GW in 2017 to 119 GW in 2022. Both string and central inverters dominate the inverter market for solar PV installations across the globe. Central inverters dominate the European and Asian markets, while the North American market has an equal presence of string, central and microinverters. The market for small wind inverters is dominated by China and Europe, while fuel cell inverter market is led mainly by Japan and the United States.
Market trends have been analyzed for the study period covering 2014 through 2022, with the base year being 2017. The study covers all of North America, Latin America, Europe, Asia-Pacific, Africa and Rest of the World (ROW). The study assesses inverter companies across the globe and discusses the various market shares held by companies in this market. Fierce competition is expected, especially in Asia, from Chinese and Japanese players who compete with cheaper and quality products. Some of the companies that have been considered in this study are Huawei, TMEIC, Sungrow, ABB, SMA, Schneider Electric, and Fronius.
Key Issues Addressed
- Is the market growing, how long will it continue to grow, and at what rate?
- Which are key growth regions fir renewable energy inverters and how are they going to transform the inverter market in the future?
- How would the reduction in renewable energy subsidies affect the renewable energy inverter market?
- 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 the inverters change over time?
- What is the nature of competition in this market? How is it expected to change over the course of the next five years?
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
Key Questions this Study will Answer
Market Segmentation
Market Distribution Channels—Central Inverter
Market Distribution Channels—String Inverter
Market Distribution Channels—Microinverters
Market Distribution Channels—Small Wind Turbine Inverters
Market Distribution Channels—Fuel Cell Inverters
Market Distribution Channels—Explanation
Market Distribution Channels—Explanation (continued)
Market Drivers
Drivers Explained
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)
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Total Inverter Market Revenue Forecast
Revenue Forecast Discussion
Regional Hot Spots
Regional Hot Spots (continued)
Percent Revenue Forecast by Renewable Inverter Type
Revenue Forecast by Renewable Inverter Type
Revenue Forecast Discussion by Renewable Inverter Type
Market Share—Total Renewable Energy Inverters
Competitive Factors and Assessment
Growth Opportunity 1—Geographic Expansion
Growth Opportunity 2—Value-add Services
Strategic Imperatives for Success and Growth
Summary
Solar Inverter Segment Key Findings
Market Engineering Measurements
Solar Inverter 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—Key Findings
North America—Revenue Forecast
North America—Revenue Forecast Discussion
Europe—Key Findings
Europe—Revenue Forecast
Europe—Revenue Forecast Discussion
APAC—Key Findings
APAC—Revenue Forecast
APAC—Revenue Forecast Discussion
Latin America—Key Findings
Latin America—Revenue Forecast
Latin America—Revenue Forecast Discussion
Rest of the World (ROW)—Key Findings
ROW—Revenue Forecast
ROW—Revenue Forecast Discussion
Market Share—Solar Inverter
Competitive Environment
Summary
Small Wind Inverter Segment—Key Findings
Market Engineering Measurements
Small Wind Inverter Segment—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
China—Key Findings
China—Revenue Forecast
China—Revenue Forecast Discussion
US—Key Findings
US—Revenue Forecast
US—Revenue Forecast Discussion
Europe—Key Findings
Europe—Revenue Forecast
Europe—Revenue Forecast Discussion
Rest of the World—Key Findings
ROW—Revenue Forecast
ROW—Revenue Forecast Discussion
Market Share—Small Wind Inverter Segment
Competitive Environment
Summary
Fuel Cell Inverter Segment—Key Findings
Market Engineering Measurements
Fuel Cell Inverter Segment—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
APAC—Key Findings
APAC—Revenue Forecast
APAC—Revenue Forecast Discussion
North America—Key Findings
North America—Revenue Forecast
North America—Revenue Forecast Discussion
Europe—Key Findings
Europe—Revenue Forecast
Europe—Revenue Forecast Discussion
Rest of the World—Key Findings
ROW—Revenue Forecast
ROW—Revenue Forecast Discussion
Market Share—Fuel Cell Inverter
Competitive Environment
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Additional Sources of Information on Study Topic
List of Companies in “Others”
Learn More—Next Steps
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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Key Issues Addressed
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Manoj Shankar |
| Industries | Energy |
| WIP Number | MD49-01-00-00-00 |
| Keyword 1 | Renewable Energy Inverters |
| Is Prebook | No |
| GPS Codes | 9301-A4,9597,9851,9AFE-A4,9AFF-A4,9B00-A4,GETE |