Photovoltaic Off-Grid Inverter Market To Reach USD 7.1 Billion By 2032
The report analyzes and forecasts the Photovoltaic Off-Grid Inverter Market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2022 to 2030. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Photovoltaic Off-Grid Inverter Market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the Photovoltaic Off-Grid Inverter Market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of Photovoltaic Off-Grid Inverter Market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
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In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding. Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
Market Players as below:
Some of the top photovoltaic off-grid inverter market companies offered in the professional report include SMA Solar Technology AG, ABB, Schneider Electric, Huawei Technologies Co. Ltd., OutBack Power Technologies, Enphase Energy, Fronius International GmbH, Sungrow Power Supply Co., Ltd., Delta Electronics, Inc., Victron Energy B.V., Xantrex Technology Inc., and Growatt New Energy Technology Co., Ltd.
The major market segments of Photovoltaic Off-Grid Inverter Market are as below:
Photovoltaic Off-Grid Inverter Market By Type of Inverter
- Central Inverters
- String Inverters
- Microinverters
- Hybrid Inverters
Photovoltaic Off-Grid Inverter Market By Application
- Residential
- Commercial
- Industrial
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Table Of Contents:
CHAPTER 1. Industry Overview of Photovoltaic Off-Grid Inverter Market
1.1. Definition and Scope
1.1.1. Definition of Photovoltaic Off-Grid Inverter
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Photovoltaic Off-Grid Inverter Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Photovoltaic Off-Grid Inverter Market By Type of Inverter
1.2.3. Photovoltaic Off-Grid Inverter Market By Application
1.2.4. Photovoltaic Off-Grid Inverter Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Source
2.2.2. Primary Source
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Photovoltaic Off-Grid Inverter Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Photovoltaic Off-Grid Inverter Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Price Trend of Key Raw Material
3.8.1. Raw Material Suppliers
3.8.2. Proportion of Manufacturing Cost Structure
3.8.2.1. Raw Material
3.8.2.2. Labor Cost
3.8.2.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2022
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Photovoltaic Off-Grid Inverter Market By Type of Inverter
5.1. Introduction
5.2. Photovoltaic Off-Grid Inverter Revenue By Type of Inverter
5.2.1. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast, By Type of Inverter, 2020-2032
5.2.2. Central Inverters
5.2.2.1. Central Inverters Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. String Inverters
5.2.3.1. String Inverters Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4. Microinverters
5.2.4.1. Microinverters Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.5. Hybrid Inverters
5.2.5.1. Hybrid Inverters Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Photovoltaic Off-Grid Inverter Market By Application
6.1. Introduction
6.2. Photovoltaic Off-Grid Inverter Revenue By Application
6.2.1. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast, By Application, 2020-2032
6.2.2. Residential
6.2.2.1. Residential Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. Commercial
6.2.3.1. Commercial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.4. Industrial
6.2.4.1. Industrial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. North America Photovoltaic Off-Grid Inverter Market By Country
7.1. North America Photovoltaic Off-Grid Inverter Market Overview
7.2. U.S.
7.2.1. U.S. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
7.2.2. U.S. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
7.3. Canada
7.3.1. Canada Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
7.3.2. Canada Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
7.4. North America PEST Analysis
CHAPTER 8. Europe Photovoltaic Off-Grid Inverter Market By Country
8.1. Europe Photovoltaic Off-Grid Inverter Market Overview
8.2. U.K.
8.2.1. U.K. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
8.2.2. U.K. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
8.3. Germany
8.3.1. Germany Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
8.3.2. Germany Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
8.4. France
8.4.1. France Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
8.4.2. France Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
8.5. Spain
8.5.1. Spain Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
8.5.2. Spain Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
8.6. Rest of Europe
8.6.1. Rest of Europe Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
8.6.2. Rest of Europe Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Photovoltaic Off-Grid Inverter Market By Country
9.1. Asia Pacific Photovoltaic Off-Grid Inverter Market Overview
9.2. China
9.2.1. China Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
9.2.2. China Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
9.3. Japan
9.3.1. Japan Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
9.3.2. Japan Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
9.4. India
9.4.1. India Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
9.4.2. India Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
9.5. Australia
9.5.1. Australia Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
9.5.2. Australia Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
9.6. South Korea
9.6.1. South Korea Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
9.6.2. South Korea Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
9.7.2. Rest of Asia-Pacific Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Photovoltaic Off-Grid Inverter Market By Country
10.1. Latin America Photovoltaic Off-Grid Inverter Market Overview
10.2. Brazil
10.2.1. Brazil Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
10.2.2. Brazil Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
10.3. Mexico
10.3.1. Mexico Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
10.3.2. Mexico Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
10.4. Rest of Latin America
10.4.1. Rest of Latin America Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
10.4.2. Rest of Latin America Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
10.5. Latin America PEST Analysis
CHAPTER 11. Middle East & Africa Photovoltaic Off-Grid Inverter Market By Country
11.1. Middle East & Africa Photovoltaic Off-Grid Inverter Market Overview
11.2. GCC
11.2.1. GCC Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
11.2.2. GCC Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
11.3. South Africa
11.3.1. South Africa Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
11.3.2. South Africa Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032
11.4.2. Rest of Middle East & Africa Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032
11.5. Middle East & Africa PEST Analysis
CHAPTER 12. Player Analysis Of Photovoltaic Off-Grid Inverter Market
12.1. Photovoltaic Off-Grid Inverter Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking Of Key Players By Price, Presence, Market Share, And R&D Investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Photovoltaic Off-Grid Inverter Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. Company Profile
13.1. SMA Solar Technology AG
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (USD Billion), 2022
13.1.3.2. SMA Solar Technology AG 2022 Photovoltaic Off-Grid Inverter Business Regional Distribution
13.1.4. Product/Service and Specification
13.1.5. Recent Developments & Business Strategy
13.2. ABB
13.3. Schneider Electric
13.4. Huawei Technologies Co. Ltd.
13.5. OutBack Power Technologies
13.6. Enphase Energy
13.7. Fronius International GmbH
13.8. Delta Electronics, Inc.
13.9. Victron Energy B.V.
13.10. Sungrow Power Supply Co., Ltd.
13.11. Xantrex Technology Inc.
13.12. Growatt New Energy Technology Co., Ltd.
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