The global market for Utility-Scale PV Inverter was valued at US$ 3039 million in the year 2024 and is projected to reach a revised size of US$ 6170 million by 2031, growing at a CAGR of 10.8% during the forecast period.
A utility-scale PV inverter is a type of power inverter that is used to convert the direct current (DC) electricity generated by solar panels into alternating current (AC) electricity that can be used by the grid. Utility-scale PV inverters are typically much larger and more powerful than residential PV inverters, and they are designed to operate in harsh outdoor environments.
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 3.33 GW.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Utility-Scale 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 Utility-Scale PV Inverter.
The Utility-Scale PV Inverter market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Utility-Scale PV Inverter market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Utility-Scale PV Inverter manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Sungrow
Goodwe
Growatt
Guangzhou Sanjing Electric
Ginlong Technologies
SOFARSOLAR
SMA Solar Technology
Delta
Ingeteam
SolarEdge
Fimer
Enphase
GE
Chint
Yaskawa Solectria Solar
KACO
AEG Power Solutions
by Type
String Inverter
Central Inverter
by Application
Industrial
Commercial
Military
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Utility-Scale PV Inverter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Utility-Scale PV Inverter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Utility-Scale 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Utility-Scale PV Inverter Market Overview
1.1 Product Definition
1.2 Utility-Scale PV Inverter by Type
1.2.1 Global Utility-Scale PV Inverter Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 String Inverter
1.2.3 Central Inverter
1.3 Utility-Scale PV Inverter by Application
1.3.1 Global Utility-Scale PV Inverter Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Industrial
1.3.3 Commercial
1.3.4 Military
1.4 Global Market Growth Prospects
1.4.1 Global Utility-Scale PV Inverter Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Utility-Scale PV Inverter Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Utility-Scale PV Inverter Production Estimates and Forecasts (2020-2031)
1.4.4 Global Utility-Scale PV Inverter Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Utility-Scale PV Inverter Production Market Share by Manufacturers (2020-2025)
2.2 Global Utility-Scale PV Inverter Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Utility-Scale PV Inverter, Industry Ranking, 2023 VS 2024
2.4 Global Utility-Scale PV Inverter Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Utility-Scale PV Inverter Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Utility-Scale PV Inverter, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Utility-Scale PV Inverter, Product Offered and Application
2.8 Global Key Manufacturers of Utility-Scale PV Inverter, Date of Enter into This Industry
2.9 Utility-Scale PV Inverter Market Competitive Situation and Trends
2.9.1 Utility-Scale PV Inverter Market Concentration Rate
2.9.2 Global 5 and 10 Largest Utility-Scale PV Inverter Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Utility-Scale PV Inverter Production by Region
3.1 Global Utility-Scale PV Inverter Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Utility-Scale PV Inverter Production Value by Region (2020-2031)
3.2.1 Global Utility-Scale PV Inverter Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Utility-Scale PV Inverter by Region (2026-2031)
3.3 Global Utility-Scale PV Inverter Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Utility-Scale PV Inverter Production Volume by Region (2020-2031)
3.4.1 Global Utility-Scale PV Inverter Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Utility-Scale PV Inverter by Region (2026-2031)
3.5 Global Utility-Scale PV Inverter Market Price Analysis by Region (2020-2025)
3.6 Global Utility-Scale PV Inverter Production and Value, Year-over-Year Growth
3.6.1 North America Utility-Scale PV Inverter Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Utility-Scale PV Inverter Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Utility-Scale PV Inverter Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Utility-Scale PV Inverter Production Value Estimates and Forecasts (2020-2031)
4 Utility-Scale PV Inverter Consumption by Region
4.1 Global Utility-Scale PV Inverter Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Utility-Scale PV Inverter Consumption by Region (2020-2031)
4.2.1 Global Utility-Scale PV Inverter Consumption by Region (2020-2025)
4.2.2 Global Utility-Scale PV Inverter Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Utility-Scale PV Inverter Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Utility-Scale PV Inverter Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Utility-Scale PV Inverter Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Utility-Scale PV Inverter Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Utility-Scale PV Inverter Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Utility-Scale PV Inverter Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Utility-Scale PV Inverter Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Utility-Scale PV Inverter Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Utility-Scale PV Inverter Production by Type (2020-2031)
5.1.1 Global Utility-Scale PV Inverter Production by Type (2020-2025)
5.1.2 Global Utility-Scale PV Inverter Production by Type (2026-2031)
5.1.3 Global Utility-Scale PV Inverter Production Market Share by Type (2020-2031)
5.2 Global Utility-Scale PV Inverter Production Value by Type (2020-2031)
5.2.1 Global Utility-Scale PV Inverter Production Value by Type (2020-2025)
5.2.2 Global Utility-Scale PV Inverter Production Value by Type (2026-2031)
5.2.3 Global Utility-Scale PV Inverter Production Value Market Share by Type (2020-2031)
5.3 Global Utility-Scale PV Inverter Price by Type (2020-2031)
6 Segment by Application
6.1 Global Utility-Scale PV Inverter Production by Application (2020-2031)
6.1.1 Global Utility-Scale PV Inverter Production by Application (2020-2025)
6.1.2 Global Utility-Scale PV Inverter Production by Application (2026-2031)
6.1.3 Global Utility-Scale PV Inverter Production Market Share by Application (2020-2031)
6.2 Global Utility-Scale PV Inverter Production Value by Application (2020-2031)
6.2.1 Global Utility-Scale PV Inverter Production Value by Application (2020-2025)
6.2.2 Global Utility-Scale PV Inverter Production Value by Application (2026-2031)
6.2.3 Global Utility-Scale PV Inverter Production Value Market Share by Application (2020-2031)
6.3 Global Utility-Scale PV Inverter Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Sungrow
7.1.1 Sungrow Utility-Scale PV Inverter Company Information
7.1.2 Sungrow Utility-Scale PV Inverter Product Portfolio
7.1.3 Sungrow Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Sungrow Main Business and Markets Served
7.1.5 Sungrow Recent Developments/Updates
7.2 Goodwe
7.2.1 Goodwe Utility-Scale PV Inverter Company Information
7.2.2 Goodwe Utility-Scale PV Inverter Product Portfolio
7.2.3 Goodwe Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Goodwe Main Business and Markets Served
7.2.5 Goodwe Recent Developments/Updates
7.3 Growatt
7.3.1 Growatt Utility-Scale PV Inverter Company Information
7.3.2 Growatt Utility-Scale PV Inverter Product Portfolio
7.3.3 Growatt Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Growatt Main Business and Markets Served
7.3.5 Growatt Recent Developments/Updates
7.4 Guangzhou Sanjing Electric
7.4.1 Guangzhou Sanjing Electric Utility-Scale PV Inverter Company Information
7.4.2 Guangzhou Sanjing Electric Utility-Scale PV Inverter Product Portfolio
7.4.3 Guangzhou Sanjing Electric Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Guangzhou Sanjing Electric Main Business and Markets Served
7.4.5 Guangzhou Sanjing Electric Recent Developments/Updates
7.5 Ginlong Technologies
7.5.1 Ginlong Technologies Utility-Scale PV Inverter Company Information
7.5.2 Ginlong Technologies Utility-Scale PV Inverter Product Portfolio
7.5.3 Ginlong Technologies Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Ginlong Technologies Main Business and Markets Served
7.5.5 Ginlong Technologies Recent Developments/Updates
7.6 SOFARSOLAR
7.6.1 SOFARSOLAR Utility-Scale PV Inverter Company Information
7.6.2 SOFARSOLAR Utility-Scale PV Inverter Product Portfolio
7.6.3 SOFARSOLAR Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.6.4 SOFARSOLAR Main Business and Markets Served
7.6.5 SOFARSOLAR Recent Developments/Updates
7.7 SMA Solar Technology
7.7.1 SMA Solar Technology Utility-Scale PV Inverter Company Information
7.7.2 SMA Solar Technology Utility-Scale PV Inverter Product Portfolio
7.7.3 SMA Solar Technology Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.7.4 SMA Solar Technology Main Business and Markets Served
7.7.5 SMA Solar Technology Recent Developments/Updates
7.8 Delta
7.8.1 Delta Utility-Scale PV Inverter Company Information
7.8.2 Delta Utility-Scale PV Inverter Product Portfolio
7.8.3 Delta Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Delta Main Business and Markets Served
7.8.5 Delta Recent Developments/Updates
7.9 Ingeteam
7.9.1 Ingeteam Utility-Scale PV Inverter Company Information
7.9.2 Ingeteam Utility-Scale PV Inverter Product Portfolio
7.9.3 Ingeteam Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Ingeteam Main Business and Markets Served
7.9.5 Ingeteam Recent Developments/Updates
7.10 SolarEdge
7.10.1 SolarEdge Utility-Scale PV Inverter Company Information
7.10.2 SolarEdge Utility-Scale PV Inverter Product Portfolio
7.10.3 SolarEdge Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.10.4 SolarEdge Main Business and Markets Served
7.10.5 SolarEdge Recent Developments/Updates
7.11 Fimer
7.11.1 Fimer Utility-Scale PV Inverter Company Information
7.11.2 Fimer Utility-Scale PV Inverter Product Portfolio
7.11.3 Fimer Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Fimer Main Business and Markets Served
7.11.5 Fimer Recent Developments/Updates
7.12 Enphase
7.12.1 Enphase Utility-Scale PV Inverter Company Information
7.12.2 Enphase Utility-Scale PV Inverter Product Portfolio
7.12.3 Enphase Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Enphase Main Business and Markets Served
7.12.5 Enphase Recent Developments/Updates
7.13 GE
7.13.1 GE Utility-Scale PV Inverter Company Information
7.13.2 GE Utility-Scale PV Inverter Product Portfolio
7.13.3 GE Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.13.4 GE Main Business and Markets Served
7.13.5 GE Recent Developments/Updates
7.14 Chint
7.14.1 Chint Utility-Scale PV Inverter Company Information
7.14.2 Chint Utility-Scale PV Inverter Product Portfolio
7.14.3 Chint Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Chint Main Business and Markets Served
7.14.5 Chint Recent Developments/Updates
7.15 Yaskawa Solectria Solar
7.15.1 Yaskawa Solectria Solar Utility-Scale PV Inverter Company Information
7.15.2 Yaskawa Solectria Solar Utility-Scale PV Inverter Product Portfolio
7.15.3 Yaskawa Solectria Solar Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Yaskawa Solectria Solar Main Business and Markets Served
7.15.5 Yaskawa Solectria Solar Recent Developments/Updates
7.16 KACO
7.16.1 KACO Utility-Scale PV Inverter Company Information
7.16.2 KACO Utility-Scale PV Inverter Product Portfolio
7.16.3 KACO Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.16.4 KACO Main Business and Markets Served
7.16.5 KACO Recent Developments/Updates
7.17 AEG Power Solutions
7.17.1 AEG Power Solutions Utility-Scale PV Inverter Company Information
7.17.2 AEG Power Solutions Utility-Scale PV Inverter Product Portfolio
7.17.3 AEG Power Solutions Utility-Scale PV Inverter Production, Value, Price and Gross Margin (2020-2025)
7.17.4 AEG Power Solutions Main Business and Markets Served
7.17.5 AEG Power Solutions Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Utility-Scale PV Inverter Industry Chain Analysis
8.2 Utility-Scale PV Inverter Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Utility-Scale PV Inverter Production Mode & Process Analysis
8.4 Utility-Scale PV Inverter Sales and Marketing
8.4.1 Utility-Scale PV Inverter Sales Channels
8.4.2 Utility-Scale PV Inverter Distributors
8.5 Utility-Scale PV Inverter Customer Analysis
9 Utility-Scale PV Inverter Market Dynamics
9.1 Utility-Scale PV Inverter Industry Trends
9.2 Utility-Scale PV Inverter Market Drivers
9.3 Utility-Scale PV Inverter Market Challenges
9.4 Utility-Scale PV Inverter Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Sungrow
Goodwe
Growatt
Guangzhou Sanjing Electric
Ginlong Technologies
SOFARSOLAR
SMA Solar Technology
Delta
Ingeteam
SolarEdge
Fimer
Enphase
GE
Chint
Yaskawa Solectria Solar
KACO
AEG Power Solutions
听
听
*If Applicable.