PV Inverter Market, Global Outlook and Forecast 2023-2029

PV Inverters, also known as power regulator and power regulator, is an indispensable part of the photovoltaic system.
This report aims to provide a comprehensive presentation of the global market for PV Inverter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding PV Inverter. This report contains market size and forecasts of PV Inverter in global, including the following market information:
Global PV Inverter Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global PV Inverter Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five PV Inverter companies in 2022 (%)
The global PV Inverter market was valued at US$ 5987.5 million in 2022 and is projected to reach US$ 12440 million by 2029, at a CAGR of 11.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global PV Inverter market include SMA, Huawei, etc. The top 2 players occupy about 30% shares of the global market. Asia-Pacific is main market, and occupies over 60% of the global market. String Inverter is the main type, with a share about 60%. Public Utilities is the main application, which holds a share about 45%.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the PV Inverter manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global PV Inverter Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global PV Inverter Market Segment Percentages, by Type, 2022 (%)
    String Inverter
    Central Inverter
    Microinverters
Global PV Inverter Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global PV Inverter Market Segment Percentages, by Application, 2022 (%)
    Residential
    Business
    Public Utilities
Global PV Inverter Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global PV Inverter Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies PV Inverter revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies PV Inverter revenues share in global market, 2022 (%)
Key companies PV Inverter sales in global market, 2018-2023 (Estimated), (K Units)
Key companies PV Inverter sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Huawei
    Sungrow Power
    SMA
    Power Electronics
    FIMER
    SiNENG
    GoodWe
    SolarEdge Technologies
    Ingeteam
    TBEA
    KSTAR
    Growatt
    Siemens (KACO)
    Delta Energy Systems
    GinLong
    Fronius
    Schneider Electric
    SOFARSOLAR
    Darfon Electronics
    Powerone Micro System
Outline of Major Chapters:
Chapter 1: Introduces the definition of PV Inverter, market overview.
Chapter 2: Global PV Inverter market size in revenue and volume.
Chapter 3: Detailed analysis of PV Inverter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of PV Inverter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global PV Inverter capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.