Inverter Market, By Connection Type, By Product Type, By Output Power Rating, By Output Voltage, By End User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032

Description

REPORT HIGHLIGHT

Inverter Market size was valued at USD 18,877 Million in 2023, expanding at a CAGR of 15.9% from 2024 to 2032.

An inverter is an electronic device designed that convert direct current (DC) into alternating current (AC). This conversion is essential in various applications, particularly in renewable energy systems, where it transforms the DC power generated by wind turbines or solar panels into AC power suitable for use in residential and commercial settings. Inverters are also crucial in uninterruptible power supplies (UPS) and electronic devices that require stable AC power.

Inverter Market- Market Dynamics

Increasing Investments in the Renewable Energy Sector to propel market demand

Developed and emerging economies, including the United States, Japan, India, and China, are revising their energy policies to ensure that a substantial portion of their energy generation is derived from renewable sources such as wind and solar power. Government financial incentives aimed at promoting clean energy have spurred increased investments in the global renewable energy sector. The rising adoption of renewable energy sources, including solar and wind power, has led to a growing demand for inverters. Additionally, the expansion of electric vehicle usage, advancements in inverter output power ratings, and a heightened focus on energy efficiency are driving the increasing demand for inverters across residential, commercial, and industrial sectors. Renewable energy sources are becoming the preferred choice for the expansion, upgrading, and modernization of power systems worldwide. The ratio of spending on clean energy to fossil fuels has shifted significantly; for every dollar spent on fossil fuels, USD 1.70 is now invested in clean energy, compared to a 1:1 ratio five years ago. This shift towards increased clean energy investments is having a positive impact on the inverter market, as the growing demand for renewable energy, grid modernization, and energy storage presents new opportunities for inverter manufacturers. Favorable policies and improved economic conditions are making clean energy and related technologies, such as inverters, increasingly attractive investments.

Inverter Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 15.9% over the forecast period (2024-2032)

Based on Product Type segmentation, Solar Inverter was predicted to show maximum market share in the year 2023

Based on End user segmentation, Automotive was the leading type in 2023

Based on region, North America was the leading revenue generator in 2023

Inverter Market- Segmentation Analysis:

The Global Inverter Market is segmented based on Connection Type, Product Type, Output Power Rating, Output Voltage, End User, and Region.

The market is divided into three categories based on Product Type: Solar inverter, Vehicle inverter and Others. In 2023, Solar Inverter is expected to be the largest market by product type due to the growing use of solar energy worldwide. Residential and commercial installations heavily rely on solar inverters to convert photovoltaic-generated DC into usable AC, driven by an increasing emphasis on sustainable practices. Government subsidies, falling solar panel costs, and rising environmental consciousness are key drivers of this market's expansion. As the world accelerates towards clean energy solutions, the demand for efficient solar power integration ensures that the solar inverter market remains crucial.

The market is divided into four categories based on End Users: Residential, Photovoltaic (PV) Plants, Automotive and Others. Automotive holds the largest market share by end user in 2023 mainly due to the global shift towards electric vehicles (EVs). Inverters are essential in EVs to convert DC into AC from the battery for the electric motor. As the automotive industry intensifies electrification efforts, the demand for high-performance and efficient inverters is increasing.

Inverter Market- Geographical Insights

This market operates on a global scale, encompassing North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Customer nations further refine the market based on their location. North America is leading the dominating market for inverters driven by government policies, attractive tax breaks, and a growing concern for the environment. In particular, the United States is at the forefront, embracing clean energy solutions en masse, which has spiked the demand for inverters in solar projects. Additionally, the advancements in smart grid technology and the shift towards the electrification of various industries have further boosted the need for inverters.

Inverter Market- Competitive Landscape:

Companies in the inverter market employ several strategies to stay competitive and meet the growing demand for efficient power conversion solutions. These strategies include investing in research and development to innovate and improve inverter Output Power Rating, ensuring higher efficiency and reliability. Firms also focus on expanding their product portfolios to cater to diverse applications, from residential to industrial sectors. Strategic partnerships and collaborations with other Output Power Rating providers and energy companies are common to enhance market reach and technological capabilities.

Recent Developments:

In November 2023, Enphase Energy started shipping IQ8P Microinverters, with the highest output AC power of 480 W, to Mexico to support solar modules. Additionally, they have started commercial production of IQ8 Microinverters in Europe, North America, and Romania.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL INVERTER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT

ABB Ltd.

SMA Solar Output Power Rating AG

Huawei Technologies Co., Ltd.

Enphase Energy, Inc.

SolarEdge Technologies Inc.

Schneider Electric SE

General Electric (GE)

Delta Electronics, Inc.

Fronius International GmbH

Siemens AG

Others

GLOBAL INVERTER MARKET, BY CONNECTION TYPE - MARKET ANALYSIS, 2019 - 2032

Standalone
Grid-tied

GLOBAL INVERTER MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032

Solar inverter
Vehicle inverter
Others

GLOBAL INVERTER MARKET, BY OUTPUT POWER RATING- MARKET ANALYSIS, 2019 - 2032

Below 10 kW
10-50 kW
51-100 kW
Above 100 kW

GLOBAL INVERTER MARKET, BY OUTPUT VOLTAGE- MARKET ANALYSIS, 2019 - 2032

100-300 V
301-500 V
Above 500 V

GLOBAL INVERTER MARKET, BY END USER- MARKET ANALYSIS, 2019 - 2032

Residential
Photovoltaic (PV) Plants
Automotive
Others

GLOBAL INVERTER MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA

Product Code: ANV3698

1. Inverter Market Overview

1.1. Study Scope
1.2. Market Estimation Years

2. Executive Summary

2.1. Market Snippet
- 2.1.1. Inverter Market Snippet by Connection Type
- 2.1.2. Inverter Market Snippet by Product Type
- 2.1.3. Inverter Market Snippet by Output Power Rating
- 2.1.4. Inverter Market Snippet by Output Voltage
- 2.1.5. Inverter Market Snippet by End User
- 2.1.6. Inverter Market Snippet by Country
- 2.1.7. Inverter Market Snippet by Region
2.2. Competitive Insights

3. Inverter Key Market Trends

3.1. Inverter Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
3.2. Inverter Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
3.3. Inverter Market Opportunities
3.4. Inverter Market Future Trends

4. Inverter Industry Study

4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis

5. Inverter Market: COVID-19 Impact Analysis

5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments

6. Inverter Market Landscape

6.1. Inverter Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis

7. Inverter Market - By Connection Type

7.1. Overview
- 7.1.1. Segment Share Analysis, By Connection Type, 2023 & 2032 (%)
- 7.1.2. Standalone
- 7.1.3. Grid-tied

8. Inverter Market - By Product Type

8.1. Overview
- 8.1.1. Segment Share Analysis, By Product Type, 2023 & 2032 (%)
- 8.1.2. Solar inverter
- 8.1.3. Vehicle inverter
- 8.1.4. Others

9. Inverter Market - By Output Power Rating

9.1. Overview
- 9.1.1. Segment Share Analysis, By Output Power Rating, 2023 & 2032 (%)
- 9.1.2. Below 10 kW
- 9.1.3. 10-50 kW
- 9.1.4. 51-100 kW
- 9.1.5. Above 100 kW

10. Inverter Market - By Output Voltage

10.1. Overview
- 10.1.1. Segment Share Analysis, By Output Voltage, 2023 & 2032 (%)
- 10.1.2. 100-300 V
- 10.1.3. 301-500 V
- 10.1.4. Above 500 V

11. Inverter Market - By End User

11.1. Overview
- 11.1.1. Segment Share Analysis, By End User, 2023 & 2032 (%)
- 11.1.2. Residential
- 11.1.3. Photovoltaic (PV) Plants
- 11.1.4. Automotive
- 11.1.5. Others

12. Inverter Market- By Geography

12.1. Introduction
- 12.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
12.2. North America
- 12.2.1. Overview
- 12.2.2. Inverter Key Manufacturers in North America
- 12.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.2.4. North America Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
- 12.2.5. North America Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 12.2.6. North America Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
- 12.2.7. North America Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
- 12.2.8. North America Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.2.9. U.S.
  - 12.2.9.1. Overview
  - 12.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.2.9.3. U.S. Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.2.9.4. U.S. Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.2.9.5. U.S. Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.2.9.6. U.S. Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.2.9.7. U.S. Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.2.10. Canada
  - 12.2.10.1. Overview
  - 12.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.2.10.3. Canada Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.2.10.4. Canada Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.2.10.5. Canada Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.2.10.6. Canada Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.2.10.7. Canada Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
12.3. Europe
- 12.3.1. Overview
- 12.3.2. Inverter Key Manufacturers in Europe
- 12.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.3.4. Europe Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
- 12.3.5. Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 12.3.6. Europe Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
- 12.3.7. Europe Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
- 12.3.8. Europe Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.3.9. Germany
  - 12.3.9.1. Overview
  - 12.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.9.3. Germany Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.3.9.4. Germany Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.3.9.5. Germany Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.3.9.6. Germany Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.3.9.7. Germany Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.3.10. Italy
  - 12.3.10.1. Overview
  - 12.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.10.3. Italy Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.3.10.4. Italy Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.3.10.5. Italy Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.3.10.6. Italy Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.3.10.7. Italy Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.3.11. United Kingdom
  - 12.3.11.1. Overview
  - 12.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.11.3. United Kingdom Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.3.11.4. United Kingdom Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.3.11.5. United Kingdom Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.3.11.6. United Kingdom Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.3.11.7. United Kingdom Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.3.12. France
  - 12.3.12.1. Overview
  - 12.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.12.3. France Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.3.12.4. France Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.3.12.5. France Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.3.12.6. France Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.3.12.7. France Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.3.13. Russia
  - 12.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.13.2. Russia Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.3.13.3. Russia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.3.13.4. Russia Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.3.13.5. Russia Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.3.13.6. Russia Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.3.14. Netherlands
  - 12.3.14.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.14.2. Netherlands Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.3.14.3. Netherlands Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.3.14.4. Netherlands Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.3.14.5. Netherlands Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.3.14.6. Netherlands Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.3.15. Sweden
  - 12.3.15.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.15.2. Sweden Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.3.15.3. Sweden Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.3.15.4. Sweden Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.3.15.5. Sweden Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.3.15.6. Sweden Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.3.16. Poland
  - 12.3.16.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.16.2. Poland Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.3.16.3. Poland Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.3.16.4. Poland Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.3.16.5. Poland Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.3.16.6. Poland Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.3.17. Rest of Europe
  - 12.3.17.1. Overview
  - 12.3.17.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.17.3. Rest of the Europe Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.3.17.4. Rest of the Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.3.17.5. Rest of the Europe Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.3.17.6. Rest of the Europe Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.3.17.7. Rest of the Europe Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
12.4. Asia Pacific (APAC)
- 12.4.1. Overview
- 12.4.2. Inverter Key Manufacturers in Asia Pacific
- 12.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.4.4. Asia Pacific Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
- 12.4.5. Asia Pacific Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 12.4.6. Asia Pacific Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
- 12.4.7. Asia Pacific Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
- 12.4.8. Asia Pacific Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.4.9. India
  - 12.4.9.1. Overview
  - 12.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.9.3. India Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.4.9.4. India Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.4.9.5. India Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.4.9.6. India Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.4.9.7. India Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.4.10. China
  - 12.4.10.1. Overview
  - 12.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.10.3. China Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.4.10.4. China Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.4.10.5. China Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.4.10.6. China Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.4.10.7. China Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.4.11. Japan
  - 12.4.11.1. Overview
  - 12.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.11.3. Japan Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.4.11.4. Japan Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.4.11.5. Japan Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.4.11.6. Japan Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.4.11.7. Japan Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.4.12. South Korea
  - 12.4.12.1. Overview
  - 12.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.12.3. South Korea Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.4.12.4. South Korea Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.4.12.5. South Korea Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.4.12.6. South Korea Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.4.12.7. South Korea Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.4.13. Australia
  - 12.4.13.1. Overview
  - 12.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.13.3. Australia Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.4.13.4. Australia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.4.13.5. Australia Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.4.13.6. Australia Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.4.13.7. Australia Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.4.14. Thailand
  - 12.4.14.1. Overview
  - 12.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.14.3. Thailand Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.4.14.4. Thailand Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.4.14.5. Thailand Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.4.14.6. Thailand Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.4.14.7. Thailand Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.4.15. Indonesia
  - 12.4.15.1. Overview
  - 12.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.15.3. Indonesia Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.4.15.4. Indonesia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.4.15.5. Indonesia Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.4.15.6. Indonesia Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.4.15.7. Indonesia Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.4.16. Philippines
  - 12.4.16.1. Overview
  - 12.4.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.16.3. Philippines Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.4.16.4. Philippines Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.4.16.5. Philippines Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.4.16.6. Philippines Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.4.16.7. Philippines Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.4.17. Rest of APAC
  - 12.4.17.1. Overview
  - 12.4.17.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.17.3. Rest of APAC Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.4.17.4. Rest of APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.4.17.5. Rest of APAC Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.4.17.6. Rest of APAC Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.4.17.7. Rest of APAC Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
12.5. Latin America
- 12.5.1. Overview
- 12.5.2. Inverter Key Manufacturers in Latin America
- 12.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.5.4. Latin America Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
- 12.5.5. Latin America Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 12.5.6. Latin America Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
- 12.5.7. Latin America Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
- 12.5.8. Latin America Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.5.9. Brazil
  - 12.5.9.1. Overview
  - 12.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.9.3. Brazil Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.5.9.4. Brazil Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.5.9.5. Brazil Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.5.9.6. Brazil Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.5.9.7. Brazil Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.5.10. Mexico
  - 12.5.10.1. Overview
  - 12.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.10.3. Mexico Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.5.10.4. Mexico Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.5.10.5. Mexico Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.5.10.6. Mexico Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.5.10.7. Mexico Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.5.11. Argentina
  - 12.5.11.1. Overview
  - 12.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.11.3. Argentina Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.5.11.4. Argentina Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.5.11.5. Argentina Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.5.11.6. Argentina Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.5.11.7. Argentina Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.5.12. Colombia
  - 12.5.12.1. Overview
  - 12.5.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.12.3. Colombia Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.5.12.4. Colombia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.5.12.5. Colombia Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.5.12.6. Colombia Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.5.12.7. Colombia Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.5.13. Rest of LATAM
  - 12.5.13.1. Overview
  - 12.5.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.13.3. Rest of LATAM Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.5.13.4. Rest of LATAM Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.5.13.5. Rest of LATAM Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.5.13.6. Rest of LATAM Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.5.13.7. Rest of LATAM Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
12.6. Middle East and Africa
- 12.6.1. Overview
- 12.6.2. Inverter Key Manufacturers in Middle East and Africa
- 12.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.6.4. Middle East and Africa Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
- 12.6.5. Middle East and Africa Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 12.6.6. Middle East and Africa Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
- 12.6.7. Middle East and Africa Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
- 12.6.8. Middle East and Africa Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.6.9. Saudi Arabia
  - 12.6.9.1. Overview
  - 12.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.9.3. Saudi Arabia Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.6.9.4. Saudi Arabia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.6.9.5. Saudi Arabia Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.6.9.6. Saudi Arabia Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.6.9.7. Saudi Arabia Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.6.10. United Arab Emirates
  - 12.6.10.1. Overview
  - 12.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.10.3. United Arab Emirates Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.6.10.4. United Arab Emirates Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.6.10.5. United Arab Emirates Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.6.10.6. United Arab Emirates Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.6.10.7. United Arab Emirates Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.6.11. Israel
  - 12.6.11.1. Overview
  - 12.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.11.3. Israel Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.6.11.4. Israel Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.6.11.5. Israel Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.6.11.6. Israel Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.6.11.7. Israel Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.6.12. Turkey
  - 12.6.12.1. Overview
  - 12.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.12.3. Turkey Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.6.12.4. Turkey Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.6.12.5. Turkey Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.6.12.6. Turkey Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.6.12.7. Turkey Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.6.13. Algeria
  - 12.6.13.1. Overview
  - 12.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.13.3. Algeria Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.6.13.4. Algeria Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.6.13.5. Algeria Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.6.13.6. Algeria Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.6.13.7. Algeria Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.6.14. Egypt
  - 12.6.14.1. Overview
  - 12.6.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.14.3. Egypt Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.6.14.4. Egypt Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.6.14.5. Egypt Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.6.14.6. Egypt Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.6.14.7. Egypt Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)
- 12.6.15. Rest of MEA
  - 12.6.15.1. Overview
  - 12.6.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.15.3. Rest of MEA Market Size and Forecast, By Connection Type, 2019 - 2032 (US$ Million)
  - 12.6.15.4. Rest of MEA Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 12.6.15.5. Rest of MEA Market Size and Forecast, By Output Power Rating, 2019 - 2032 (US$ Million)
  - 12.6.15.6. Rest of MEA Market Size and Forecast, By Output Voltage, 2019 - 2032 (US$ Million)
  - 12.6.15.7. Rest of MEA Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)

13. Key Vendor Analysis- Inverter Industry

13.1. Competitive Dashboard
13.2. Company Profiles
- 13.2.1. ABB Ltd.
- 13.2.2. SMA Solar Output Power Rating AG
- 13.2.3. Huawei Technologies Co., Ltd.
- 13.2.4. Enphase Energy, Inc.
- 13.2.5. SolarEdge Technologies Inc.
- 13.2.6. Schneider Electric SE
- 13.2.7. General Electric (GE)
- 13.2.8. Delta Electronics, Inc.
- 13.2.9. Fronius International GmbH
- 13.2.10. Siemens AG
- 13.2.11. Others

14. 360 Degree Analyst View

15. Appendix

15.1. Research Methodology
15.2. References
15.3. Abbreviations
15.4. Disclaimer
15.5. Contact Us