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Solar Central Inverters Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 138
  • SKU: IRTNTR73554
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The solar central inverters market share is expected to increase by USD 3.81 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 15.43%.

This solar central inverters market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers solar central inverters market segmentation by:

  • Application - Utility and non-utility
  • Geography - APAC, Europe, North America, South America, and Middle East and Africa

The solar central inverters market report also offers information on several market vendors, including ABB Ltd., Delta Electronics Inc., Eaton Corp. Plc, Fimer SpA, Ginlong Technologies Co. Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Infineon Technologies AG, Ingeteam SA, OCI Co. Ltd., Shenzen Growatt New Energy Technology Co. Ltd., Siemens AG, Sineng Electric Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd., Toshiba Corp., Yaskawa Solectria Solar, and Zhejiang CHINT Electrics Co. Ltd. among others.

What will the Solar Central Inverters Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Solar Central Inverters Market Size for the Forecast Period and Other Important Statistics

 

Who are the Major Solar Central Inverters Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Delta Electronics Inc.
  • Eaton Corp. Plc
  • Fimer SpA
  • Ginlong Technologies Co. Ltd.
  • Hitachi Ltd.
  • Huawei Technologies Co. Ltd.
  • Infineon Technologies AG
  • Ingeteam SA
  • OCI Co. Ltd.
  • Shenzen Growatt New Energy Technology Co. Ltd.
  • Siemens AG
  • Sineng Electric Co. Ltd.
  • SMA Solar Technology AG
  • SolarEdge Technologies Inc.
  • Sungrow Power Supply Co. Ltd.
  • Toshiba Corp.
  • Yaskawa Solectria Solar
  • Zhejiang CHINT Electrics Co. Ltd.

 

This statistical study of the solar central inverters market encompasses successful business strategies deployed by the key vendors. The solar central inverters market is fragmented and the vendors are deploying growth strategies such as focusing more on innovation to compete in the market.

Product Insights and News

  • global.abb - The company offers ABB central inverters PVS800 that are designed for fast and easy installation.

  • global.abb - Through the electrification segment, the company offers electrification and building management solutions, products and services for utilities, industry, transport, and infrastructure.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The solar central inverters market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Solar Central Inverters Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the solar central inverters market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Solar Central Inverters Market?

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56% of the market’s growth will originate from APAC during the forecast period. China, Vietnam, Japan, and Australia are the key markets for solar central inverters in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing environmental concerns, rising demand for energy, growing population, and the improving standard of living will facilitate the solar central inverters market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 outbreak in APAC disrupted various verticals of industries, mainly the renewable energy industry. Many solar PV projects across the region were postponed or canceled due to lockdowns in various countries, such as India, China, South Korea, and Japan. Owing to the delay of solar PV projects, the demand for solar central inverters declined. However, the resumption of manufacturing hubs with the lifting of nationwide lockdowns and shifting preference toward sustainable power sources may proliferate the growth of the solar power industry and the regional solar central inverters market during the forecast period. 

What are the Revenue-generating Application Segments in the Solar Central Inverters Market?

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The solar central inverters market share growth by the utility segment will be significant during the forecast period. Utility-scale projects have gained large traction in recent years owing to the shift in focus on sustainable sources along with several agreements, including the Paris Agreement on Climate Change. The increasing demand for electricity due to the rise in population will significantly propel the utility segment of the global solar central inverters market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the solar central inverters market size and actionable market insights on post COVID-19 impact on each segment.

Solar Central Inverters Market: Key Drivers, Trends, and Challenges

The rising investment in renewables is notably driving the solar central inverters market growth, although factors such as the challenges posed by alternative sources of energy may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the solar central inverters industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Solar Central Inverters Market Driver

  • One of the key factors driving growth in the solar central inverters market is the rising investment in renewables.
  • Renewable energy is playing a vital role in the global shift toward attaining a more sustainable and less carbon-intensive environment.
  • Government regulations pertaining to reduction in carbon emissions have resulted in significant adoption of clean energy technologies across the world.
  • The proliferation of clean energy technologies is further boosted by the rise in investment. During the past two decades, there has been a drastic change in the global energy mix.
  • There has been a significant growth in the renewable energy sector globally owing to the competitive price of power generation coupled with subsidies provided by governments and favorable regulations. Thus, the use of renewable energy sources has been growing rapidly because of increasing government support and investments. Hence, these factors will eventually boost the adoption of solar PV systems, thus increasing the demand for solar central inverters.

Key Solar Central Inverters Market Trend

  • The growing demand for clean energy technologies is a solar central inverters market trend that is expected to have a positive impact in the coming years.
  • The robust economic growth has led to a rapid rise in the global demand for electricity.
  • The growth in global electricity demand is being propelled by emerging economies such as Asian countries. As of 2018, the electricity demand in India grew at 5% per year owing to the country's aim of achieving universal electricity access by 2025.
  • The rise in energy demand has been propelling the use of fossil fuels such as coal as well as oil and gas. As fossil fuel has been extensively used in fulfilling energy demand, there has been a rise in carbon emissions across the world.
  • The parallel rise in the cost of conventional sources of electricity and lighting, particularly diesel and kerosene, had steeply increased the demand for off-grid solar appliances. Hence, clean energy technologies such as solar power are being adopted to overcome such situations.
  • The growing demand for clean energy technologies is expected to boost the growth of the market in focus during the forecast period.

Key Solar Central Inverters Market Challenge

  • The challenges posed by alternative sources of energy will be a major challenge for the solar central inverters market during the forecast period.
  • Solar energy and wind energy face competition from alternative sources of energy.
  • Several countries prefer using fossil fuels over renewable source of energy due to the abundant availability of fossil fuels for generating electricity.
  • The cost of establishing a renewable energy facility to produce power is high; however, comparatively, the power output from renewable sources is not as much as that of fossil fuels due to the intermittent nature of the former. Hence, the preference for non-renewable sources of energy is high across the world.
  • The decline in the cost of natural gas in the past few years has encouraged the generation of power using natural gas, which is a challenge for the generation of electricity from solar power. This is expected to hinder the demand for solar power generation, thus, affecting the growth of the global solar central inverters market.

This solar central inverters market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global solar central inverters market as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the solar central inverters market during the forecast period.

Solar Central Inverters Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.43%

Market growth 2022-2026

$ 3.81 billion

Market structure

Fragmented

YoY growth (%)

14.9

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 56%

Key consumer countries

US, China, Vietnam, Japan, Australia, US, China, Vietnam, Japan, Australia, US, China, Vietnam, Japan, and Australia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Delta Electronics Inc., Eaton Corp. Plc, Fimer SpA, Ginlong Technologies Co. Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Infineon Technologies AG, Ingeteam SA, OCI Co. Ltd., Shenzen Growatt New Energy Technology Co. Ltd., Siemens AG, Sineng Electric Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd., Toshiba Corp., Yaskawa Solectria Solar, and Zhejiang CHINT Electrics Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Solar Central Inverters Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive solar central inverters market growth during the next five years
  • Precise estimation of the solar central inverters market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the solar central inverters industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of solar central inverters market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Utility - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Utility - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Utility - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Utility - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Utility - Year-over-year growth 2021-2026 (%)
    • 5.4 Non-utility - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Non-utility - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Non-utility - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Non-utility - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Non-utility - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Vietnam - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Vietnam - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Vietnam - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Vietnam - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Vietnam - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Australia - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Australia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Australia - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Australia - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 89: ABB Ltd. - Overview
              • Exhibit 90: ABB Ltd. - Business segments
              • Exhibit 91: ABB Ltd. - Key offerings
              • Exhibit 92: ABB Ltd. - Segment focus
            • 10.4 Delta Electronics Inc.
              • Exhibit 93: Delta Electronics Inc. - Overview
              • Exhibit 94: Delta Electronics Inc. - Business segments
              • Exhibit 95: Delta Electronics Inc. - Key offerings
              • Exhibit 96: Delta Electronics Inc. - Segment focus
            • 10.5 Eaton Corp. Plc
              • Exhibit 97: Eaton Corp. Plc - Overview
              • Exhibit 98: Eaton Corp. Plc - Business segments
              • Exhibit 99: Eaton Corp. Plc - Key news
              • Exhibit 100: Eaton Corp. Plc - Key offerings
              • Exhibit 101: Eaton Corp. Plc - Segment focus
            • 10.6 Hitachi Ltd.
              • Exhibit 102: Hitachi Ltd. - Overview
              • Exhibit 103: Hitachi Ltd. - Business segments
              • Exhibit 104: Hitachi Ltd. - Key news
              • Exhibit 105: Hitachi Ltd. - Key offerings
              • Exhibit 106: Hitachi Ltd. - Segment focus
            • 10.7 Ingeteam SA
              • Exhibit 107: Ingeteam SA - Overview
              • Exhibit 108: Ingeteam SA - Product / Service
              • Exhibit 109: Ingeteam SA - Key offerings
            • 10.8 OCI Co. Ltd.
              • Exhibit 110: OCI Co. Ltd. - Overview
              • Exhibit 111: OCI Co. Ltd. - Business segments
              • Exhibit 112: OCI Co. Ltd. - Key offerings
              • Exhibit 113: OCI Co. Ltd. - Segment focus
            • 10.9 Sineng Electric Co. Ltd.
              • Exhibit 114: Sineng Electric Co. Ltd. - Overview
              • Exhibit 115: Sineng Electric Co. Ltd. - Product / Service
              • Exhibit 116: Sineng Electric Co. Ltd. - Key offerings
            • 10.10 SMA Solar Technology AG
              • Exhibit 117: SMA Solar Technology AG - Overview
              • Exhibit 118: SMA Solar Technology AG - Business segments
              • Exhibit 119: SMA Solar Technology AG - Key offerings
              • Exhibit 120: SMA Solar Technology AG - Segment focus
            • 10.11 Sungrow Power Supply Co. Ltd.
              • Exhibit 121: Sungrow Power Supply Co. Ltd. - Overview
              • Exhibit 122: Sungrow Power Supply Co. Ltd. - Product / Service
              • Exhibit 123: Sungrow Power Supply Co. Ltd. - Key offerings
            • 10.12 Zhejiang CHINT Electrics Co. Ltd.
              • Exhibit 124: Zhejiang CHINT Electrics Co. Ltd. - Overview
              • Exhibit 125: Zhejiang CHINT Electrics Co. Ltd. - Product / Service
              • Exhibit 126: Zhejiang CHINT Electrics Co. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 127: Inclusions checklist
                • Exhibit 128: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 129: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 130: Research methodology
                • Exhibit 131: Validation techniques employed for market sizing
                • Exhibit 132: Information sources
              • 11.5 List of abbreviations
                • Exhibit 133: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The solar central inverters market growth will increase by $3816.37 million during 2022-2026.
              The solar central inverters market is expected to grow at a CAGR of 15.43% during 2022-2026.
              Technavio has segmented the solar central inverters market by application (Utility and Non-utility) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
              ABB Ltd., Delta Electronics Inc., Eaton Corp. Plc, Fimer SpA, Ginlong Technologies Co. Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Infineon Technologies AG, Ingeteam SA, OCI Co. Ltd., Shenzen Growatt New Energy Technology Co. Ltd., Siemens AG, Sineng Electric Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd., Toshiba Corp., Yaskawa Solectria Solar, Zhejiang CHINT Electrics Co. Ltd. are a few of the key vendors in the solar central inverters market.
              APAC will register the highest growth rate of 56.05% among the other regions. Therefore, the solar central inverters market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Vietnam
              • Japan
              • Australia
              • US
              • China
              • Vietnam
              • Japan
              • Australia
              • US
              • China
              • Vietnam
              • Japan
              • Australia
              The key factors driving the solar central inverters market growth are:
              • Rising investment in renewables
              • Growing demand for clean energy technologies
              The solar central inverters market vendors should focus on grabbing business opportunities from the utility segment as it accounted for the largest market share in the base year.
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