The global Solar On Grid Inverter market size was valued at US$ 9326.6 million in 2023. With growing demand in downstream market, the Solar On Grid Inverter is forecast to a readjusted size of US$ 16410 million by 2030 with a CAGR of 8.4% during review period.
The research report highlights the growth potential of the global Solar On Grid Inverter market. Solar On Grid Inverter are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Solar On Grid Inverter. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Solar On Grid Inverter market.
Solar On Grid Inverter converts solar power DC which is constantly varying and feed it into the mains power supply.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.352 GW.
Key Features:
The report on Solar On Grid Inverter market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Solar On Grid Inverter market. It may include historical data, market segmentation by Type (e.g., Micro, String), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Solar On Grid Inverter market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Solar On Grid Inverter market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Solar On Grid Inverter industry. This include advancements in Solar On Grid Inverter technology, Solar On Grid Inverter new entrants, Solar On Grid Inverter new investment, and other innovations that are shaping the future of Solar On Grid Inverter.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Solar On Grid Inverter market. It includes factors influencing customer ' purchasing decisions, preferences for Solar On Grid Inverter product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Solar On Grid Inverter market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Solar On Grid Inverter market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Solar On Grid Inverter market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Solar On Grid Inverter industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Solar On Grid Inverter market.
Market Segmentation:
Solar On Grid Inverter market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Micro
String
Central
Segmentation by application
Residential
Commercial
Industrial
Utilities
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SMA Solar Technology
GoodWe
ABB
Delta Electronics India
TMEIC
Fronius
Sofar
Sungrow
Huawei
Morningstar
Luminous
Su-Kam Power Systems
Sol-Ark
Enphase
Outback Power
Ginlong
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar On Grid Inverter market?
What factors are driving Solar On Grid Inverter market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar On Grid Inverter market opportunities vary by end market size?
How does Solar On Grid Inverter break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Solar On Grid Inverter Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Solar On Grid Inverter by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Solar On Grid Inverter by Country/Region, 2019, 2023 & 2030
2.2 Solar On Grid Inverter Segment by Type
2.2.1 Micro
2.2.2 String
2.2.3 Central
2.3 Solar On Grid Inverter Sales by Type
2.3.1 Global Solar On Grid Inverter Sales Market Share by Type (2019-2024)
2.3.2 Global Solar On Grid Inverter Revenue and Market Share by Type (2019-2024)
2.3.3 Global Solar On Grid Inverter Sale Price by Type (2019-2024)
2.4 Solar On Grid Inverter Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.4.3 Industrial
2.4.4 Utilities
2.4.5 Others
2.5 Solar On Grid Inverter Sales by Application
2.5.1 Global Solar On Grid Inverter Sale Market Share by Application (2019-2024)
2.5.2 Global Solar On Grid Inverter Revenue and Market Share by Application (2019-2024)
2.5.3 Global Solar On Grid Inverter Sale Price by Application (2019-2024)
3 Global Solar On Grid Inverter by Company
3.1 Global Solar On Grid Inverter Breakdown Data by Company
3.1.1 Global Solar On Grid Inverter Annual Sales by Company (2019-2024)
3.1.2 Global Solar On Grid Inverter Sales Market Share by Company (2019-2024)
3.2 Global Solar On Grid Inverter Annual Revenue by Company (2019-2024)
3.2.1 Global Solar On Grid Inverter Revenue by Company (2019-2024)
3.2.2 Global Solar On Grid Inverter Revenue Market Share by Company (2019-2024)
3.3 Global Solar On Grid Inverter Sale Price by Company
3.4 Key Manufacturers Solar On Grid Inverter Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar On Grid Inverter Product Location Distribution
3.4.2 Players Solar On Grid Inverter Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Solar On Grid Inverter by Geographic Region
4.1 World Historic Solar On Grid Inverter Market Size by Geographic Region (2019-2024)
4.1.1 Global Solar On Grid Inverter Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Solar On Grid Inverter Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Solar On Grid Inverter Market Size by Country/Region (2019-2024)
4.2.1 Global Solar On Grid Inverter Annual Sales by Country/Region (2019-2024)
4.2.2 Global Solar On Grid Inverter Annual Revenue by Country/Region (2019-2024)
4.3 Americas Solar On Grid Inverter Sales Growth
4.4 APAC Solar On Grid Inverter Sales Growth
4.5 Europe Solar On Grid Inverter Sales Growth
4.6 Middle East & Africa Solar On Grid Inverter Sales Growth
5 Americas
5.1 Americas Solar On Grid Inverter Sales by Country
5.1.1 Americas Solar On Grid Inverter Sales by Country (2019-2024)
5.1.2 Americas Solar On Grid Inverter Revenue by Country (2019-2024)
5.2 Americas Solar On Grid Inverter Sales by Type
5.3 Americas Solar On Grid Inverter Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar On Grid Inverter Sales by Region
6.1.1 APAC Solar On Grid Inverter Sales by Region (2019-2024)
6.1.2 APAC Solar On Grid Inverter Revenue by Region (2019-2024)
6.2 APAC Solar On Grid Inverter Sales by Type
6.3 APAC Solar On Grid Inverter Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Solar On Grid Inverter by Country
7.1.1 Europe Solar On Grid Inverter Sales by Country (2019-2024)
7.1.2 Europe Solar On Grid Inverter Revenue by Country (2019-2024)
7.2 Europe Solar On Grid Inverter Sales by Type
7.3 Europe Solar On Grid Inverter Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solar On Grid Inverter by Country
8.1.1 Middle East & Africa Solar On Grid Inverter Sales by Country (2019-2024)
8.1.2 Middle East & Africa Solar On Grid Inverter Revenue by Country (2019-2024)
8.2 Middle East & Africa Solar On Grid Inverter Sales by Type
8.3 Middle East & Africa Solar On Grid Inverter Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Solar On Grid Inverter
10.3 Manufacturing Process Analysis of Solar On Grid Inverter
10.4 Industry Chain Structure of Solar On Grid Inverter
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar On Grid Inverter Distributors
11.3 Solar On Grid Inverter Customer
12 World Forecast Review for Solar On Grid Inverter by Geographic Region
12.1 Global Solar On Grid Inverter Market Size Forecast by Region
12.1.1 Global Solar On Grid Inverter Forecast by Region (2025-2030)
12.1.2 Global Solar On Grid Inverter Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Solar On Grid Inverter Forecast by Type
12.7 Global Solar On Grid Inverter Forecast by Application
13 Key Players Analysis
13.1 SMA Solar Technology
13.1.1 SMA Solar Technology Company Information
13.1.2 SMA Solar Technology Solar On Grid Inverter Product Portfolios and Specifications
13.1.3 SMA Solar Technology Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 SMA Solar Technology Main Business Overview
13.1.5 SMA Solar Technology Latest Developments
13.2 GoodWe
13.2.1 GoodWe Company Information
13.2.2 GoodWe Solar On Grid Inverter Product Portfolios and Specifications
13.2.3 GoodWe Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 GoodWe Main Business Overview
13.2.5 GoodWe Latest Developments
13.3 ABB
13.3.1 ABB Company Information
13.3.2 ABB Solar On Grid Inverter Product Portfolios and Specifications
13.3.3 ABB Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 ABB Main Business Overview
13.3.5 ABB Latest Developments
13.4 Delta Electronics India
13.4.1 Delta Electronics India Company Information
13.4.2 Delta Electronics India Solar On Grid Inverter Product Portfolios and Specifications
13.4.3 Delta Electronics India Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Delta Electronics India Main Business Overview
13.4.5 Delta Electronics India Latest Developments
13.5 TMEIC
13.5.1 TMEIC Company Information
13.5.2 TMEIC Solar On Grid Inverter Product Portfolios and Specifications
13.5.3 TMEIC Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 TMEIC Main Business Overview
13.5.5 TMEIC Latest Developments
13.6 Fronius
13.6.1 Fronius Company Information
13.6.2 Fronius Solar On Grid Inverter Product Portfolios and Specifications
13.6.3 Fronius Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Fronius Main Business Overview
13.6.5 Fronius Latest Developments
13.7 Sofar
13.7.1 Sofar Company Information
13.7.2 Sofar Solar On Grid Inverter Product Portfolios and Specifications
13.7.3 Sofar Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Sofar Main Business Overview
13.7.5 Sofar Latest Developments
13.8 Sungrow
13.8.1 Sungrow Company Information
13.8.2 Sungrow Solar On Grid Inverter Product Portfolios and Specifications
13.8.3 Sungrow Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Sungrow Main Business Overview
13.8.5 Sungrow Latest Developments
13.9 Huawei
13.9.1 Huawei Company Information
13.9.2 Huawei Solar On Grid Inverter Product Portfolios and Specifications
13.9.3 Huawei Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Huawei Main Business Overview
13.9.5 Huawei Latest Developments
13.10 Morningstar
13.10.1 Morningstar Company Information
13.10.2 Morningstar Solar On Grid Inverter Product Portfolios and Specifications
13.10.3 Morningstar Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Morningstar Main Business Overview
13.10.5 Morningstar Latest Developments
13.11 Luminous
13.11.1 Luminous Company Information
13.11.2 Luminous Solar On Grid Inverter Product Portfolios and Specifications
13.11.3 Luminous Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Luminous Main Business Overview
13.11.5 Luminous Latest Developments
13.12 Su-Kam Power Systems
13.12.1 Su-Kam Power Systems Company Information
13.12.2 Su-Kam Power Systems Solar On Grid Inverter Product Portfolios and Specifications
13.12.3 Su-Kam Power Systems Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Su-Kam Power Systems Main Business Overview
13.12.5 Su-Kam Power Systems Latest Developments
13.13 Sol-Ark
13.13.1 Sol-Ark Company Information
13.13.2 Sol-Ark Solar On Grid Inverter Product Portfolios and Specifications
13.13.3 Sol-Ark Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Sol-Ark Main Business Overview
13.13.5 Sol-Ark Latest Developments
13.14 Enphase
13.14.1 Enphase Company Information
13.14.2 Enphase Solar On Grid Inverter Product Portfolios and Specifications
13.14.3 Enphase Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Enphase Main Business Overview
13.14.5 Enphase Latest Developments
13.15 Outback Power
13.15.1 Outback Power Company Information
13.15.2 Outback Power Solar On Grid Inverter Product Portfolios and Specifications
13.15.3 Outback Power Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Outback Power Main Business Overview
13.15.5 Outback Power Latest Developments
13.16 Ginlong
13.16.1 Ginlong Company Information
13.16.2 Ginlong Solar On Grid Inverter Product Portfolios and Specifications
13.16.3 Ginlong Solar On Grid Inverter Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 Ginlong Main Business Overview
13.16.5 Ginlong Latest Developments
14 Research Findings and Conclusion
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