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Global Solar Central Inverters Market Size, Share, Forecast: By Application: Utility, Non-Utility, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Solar Central Inverters Market Outlook
The global solar central inverters market is anticipated to witness a CAGR of 13.4% in the forecast period of 2024-2032.
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Renewable energy plays a crucial role in global change towards a more sustainable and less carbon-intensive setting. Significant worldwide implementation of clean energy technologies is due to the governments’ carbon emission reduction legislation, which is aiding the growth of the solar central inverters.
Market Segmentation
Using a solar inverter, the direct current (DC) electricity generated by solar panels is converted into a usable form of alternating current (AC) that can be used to supply the grid or run AC loads/appliances. The central inverter is a type of string inverter used in large-scale applications.
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The solar central inverters market can be divided based on application into:
- Utility
- Non-Utility
- Others
The EMR report looks into the regional solar central inverters markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
Due to the increasing adoption of clean energy technologies, investments are increasing in the solar central inverters market. Solar PV investment rose in 2017, according to IEA, as the share of deployment continued to expand in previously low-cost nations such as China and India. The usage of renewable energy sources has been rapidly growing with the increasing public assistance and investments. It is therefore anticipated that the increasing investments in renewable energy will drive the development of the global solar central inverters industry. Environmental pollution has induced respiratory diseases across nations, and conventional electricity sources are accessible at a high price. Thus, the need for clean energy sources such as solar power is being driven by the need to overcome these difficulties. The clean energy demand will be one of the leading market trends for solar central inverters that will drive the market growth in the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global solar central inverters market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABB Ltd.
- Delta Electronics Inc.
- Ingeteam Corp. SA
- SMA Solar Technology AG
- Sungrow Power Supply Co. Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Solar Central Inverters Market Analysis
8.1 Key Industry Highlights
8.2 Global Solar Central Inverters Historical Market (2018-2023)
8.3 Global Solar Central Inverters Market Forecast (2024-2032)
8.4 Global Solar Central Inverters Market by Application
8.4.1 Utility
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-Utility
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Solar Central Inverters Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Solar Central Inverters Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Solar Central Inverters Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Solar Central Inverters Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Solar Central Inverters Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Solar Central Inverters Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ABB Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Delta Electronics Inc. (TPE: 2308)
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ingeteam Corp. SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sungrow Power Supply Co. Ltd. (SHE: 300274)
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 SMA Solar Technology AG (ETR: S92)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Solar Central Inverters Market: Key Industry Highlights, 2018 and 2032
2. Global Solar Central Inverters Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Solar Central Inverters Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Solar Central Inverters Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Solar Central Inverters Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Solar Central Inverters Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Solar Central Inverters Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Solar Central Inverters Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Solar Central Inverters Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Solar Central Inverters Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Solar Central Inverters Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Solar Central Inverters Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Solar Central Inverters Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Solar Central Inverters Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Solar Central Inverters Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Solar Central Inverters Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 13.4% between 2024 and 2032.
The major drivers of the market include the increasing usage of renewable energy sources, increasing investments in renewable energy, continuous infrastructural development, rising demand for 24*7 electricity supply, increasing greenhouse gas effect, rising environmental issues, and rapid urbanisation.
An increasing adoption of clean energy technologies and increasing public assistance and investments are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Solar central inverters find their major application in utility and non-utility, among others.
The major players in the industry are ABB Ltd., Delta Electronics Inc., Ingeteam Corp. SA, SMA Solar Technology AG, and Sungrow Power Supply Co. Ltd., among others.
Analyst Review
The global solar central inverters market was driven by the increasing adoption of clean energy technologies. Aided by rising environmental issues and increasing public assistance and investments, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 13.4%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Solar central inverters find their major application in utility and non-utility, among others. The major regional markets for solar central inverters market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are ABB Ltd., Delta Electronics Inc., Ingeteam Corp. SA, SMA Solar Technology AG, and Sungrow Power Supply Co. Ltd., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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