Global Solar Inverter Market
A solar PV inverter is a power inverter that converts electricity from a photovoltaic (PV) solar panel in direct current (DC) to alternating current (AC) at utility frequency. This can be utilized for residential and business electrical grids, as well as a local off-grid electrical network like micro grids. Global solar inverter market in 2023 was valued at US$12.81 billion, and is expected to reach US$24.40 billion by 2029.
2023 年の世界のソーラーインバータ市場は 128 億 1,000 万米ドルと評価され、2029 年までに 244 億米ドルに達すると予想されています。
Competitive Landscape:
The global solar inverter market is consolidated, with multiple significant competitors, including well-established solar inverter companies as well as small and medium-sized businesses. The key players of the market are:
- Schneider Electric SE
- SolarEdge Technologies, Inc.
- Delta Electronics, Inc.
- Huawei Investment & Holding Co. Ltd.
- GoodWe
- Sineng Electric Co., Ltd.
- Sungrow Power Supply Co., Ltd.
- SMA Solar Technology AG
- FIMER S.p.A.
- Growatt
- Yaskawa Solectria Solar
- Ginlong (Solis) Technologies
- Power Electronics
- Hitachi Hi-Rel Power Electronics Private Limited
Also, the global residential solar inverter market, and global solar inverter (ex. residential) turned out to be a highly concentrated market, with few players accounting for the majority of the global market share.