Global Commercial & Industrial PV Inverter Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Commercial & Industrial PV Inverter Market is presumed to reach the market size of nearly USD 65.87 Billion by 2032 from USD 19.77 Billion in 2023 with a CAGR of 14.31% under the study period 2024-2032.

A commercial and industrial PV (photovoltaic) inverter is a crucial component in solar power systems, transforming the direct current produced by solar panels into alternating current for commercial and industrial applications. These inverters are designed to handle higher power outputs and provide features like maximum power point tracking (MPPT), grid compatibility, and remote monitoring. They ensure optimal energy conversion efficiency and reliability for large-scale solar installations. The demand for commercial and industrial PV inverters is driven by the rising adoption of renewable energy solutions, the need for sustainable energy management, and incentives for reducing carbon footprints in commercial and industrial sectors.

MARKET DYNAMICS

The rising focus on sustainability and corporate social responsibility (CSR) initiatives among commercial and industrial enterprises is driving the growth of the commercial & industrial PV inverter market. As companies seek to lower their carbon footprint and shift towards renewable energy sources, solar power emerges as a viable option to meet their electricity needs while achieving environmental objectives. Additionally, the declining cost of solar photovoltaic (PV) technology & the availability of government incentives and subsidies for solar installations make solar energy more economically attractive for commercial and industrial users. Furthermore, advancements in PV inverter technology, such as improved efficiency, reliability, and grid compatibility, are driving the adoption of commercial and industrial-scale solar installations. Businesses and industries increasingly invest in high-quality PV inverters with enhanced performance, monitoring capabilities, and grid support functionalities to maximize their solar projects' return on investment (ROI). Moreover, the rising energy demand from commercial and industrial sectors, volatile electricity prices, and concerns about grid stability encourage businesses to invest in onsite solar power generation and energy storage solutions. PV inverters with advanced features like grid-tied capabilities, reactive power control, and voltage regulation enable seamless incorporation of solar energy systems with existing power infrastructure, enhancing energy independence and resilience for commercial and industrial facilities. Additionally, the growing trend towards distributed energy resources (DERs) and microgrid deployment in commercial and industrial settings further drives the demand for flexible and intelligent commercial & industrial PV inverters that can support complex energy management strategies and optimize renewable energy resources. However, grid integration issues and high initial investment costs may challenge the commercial & industrial PV inverter market growth in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Commercial & Industrial PV Inverter. The growth and trends of Commercial & Industrial PV Inverter industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Commercial & Industrial PV Inverter market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product

String
Micro
Central

By Phase

Single phase
Three phase

By Connectivity

Standalone
On Grid

By Nominal Output Voltage

230 - 400 V
400 - 600 V

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Commercial & Industrial PV Inverter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Commercial & Industrial PV Inverter market include Canadian Solar, Delta Electronics Inc., Darfon Electronics Corp., Eaton, Fimer Group, Ginlong Technologies, GoodWe, Growatt New Energy, Huawei Technologies Co. Ltd., Schneider Electric, MAolar Technology AG, Sungrow, SolarEdge Technologies Inc., Sineng Electric Co. Ltd., Tabuchi Electric Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114885

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. COMMERCIAL & INDUSTRIAL PV INVERTER - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Phase
- 3.7.3 Market Attractiveness Analysis By Connectivity
- 3.7.4 Market Attractiveness Analysis By Nominal Output Voltage
- 3.7.5 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL COMMERCIAL & INDUSTRIAL PV INVERTER MARKET ANALYSIS BY PRODUCT

5.1. Overview By Product
5.2. Historical and Forecast Data Analysis By Product
5.3. String Historic and Forecast Sales By Regions
5.4. Micro Historic and Forecast Sales By Regions
5.5. Central Historic and Forecast Sales By Regions

6. GLOBAL COMMERCIAL & INDUSTRIAL PV INVERTER MARKET ANALYSIS BY PHASE

6.1. Overview By Phase
6.2. Historical and Forecast Data Analysis By Phase
6.3. Single phase Historic and Forecast Sales By Regions
6.4. Three phase Historic and Forecast Sales By Regions

7. GLOBAL COMMERCIAL & INDUSTRIAL PV INVERTER MARKET ANALYSIS BY CONNECTIVITY

7.1. Overview By Connectivity
7.2. Historical and Forecast Data Analysis By Connectivity
7.3. Standalone Historic and Forecast Sales By Regions
7.4. On Grid Historic and Forecast Sales By Regions

8. GLOBAL COMMERCIAL & INDUSTRIAL PV INVERTER MARKET ANALYSIS BY NOMINAL OUTPUT VOLTAGE

8.1. Overview By Nominal Output Voltage
8.2. Historical and Forecast Data Analysis By Nominal Output Voltage
8.3. 230 - 400 V Historic and Forecast Sales By Regions
8.4. 400 - 600 V Historic and Forecast Sales By Regions

9. GLOBAL COMMERCIAL & INDUSTRIAL PV INVERTER MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1 Overview, Historic and Forecast Data Sales Analysis
- 9.3.2 North America By Segment Sales Analysis
- 9.3.3 North America By Country Sales Analysis
- 9.3.4 United States Sales Analysis
- 9.3.5 Canada Sales Analysis
- 9.3.6 Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1 Overview, Historic and Forecast Data Sales Analysis
- 9.4.2 Europe By Segment Sales Analysis
- 9.4.3 Europe By Country Sales Analysis
- 9.4.4 United Kingdom Sales Analysis
- 9.4.5 France Sales Analysis
- 9.4.6 Germany Sales Analysis
- 9.4.7 Italy Sales Analysis
- 9.4.8 Russia Sales Analysis
- 9.4.9 Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1 Overview, Historic and Forecast Data Sales Analysis
- 9.5.2 Asia Pacific By Segment Sales Analysis
- 9.5.3 Asia Pacific By Country Sales Analysis
- 9.5.4 China Sales Analysis
- 9.5.5 India Sales Analysis
- 9.5.6 Japan Sales Analysis
- 9.5.7 South Korea Sales Analysis
- 9.5.8 Australia Sales Analysis
- 9.5.9 South East Asia Sales Analysis
- 9.5.10 Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1 Overview, Historic and Forecast Data Sales Analysis
- 9.6.2 Latin America By Segment Sales Analysis
- 9.6.3 Latin America By Country Sales Analysis
- 9.6.4 Brazil Sales Analysis
- 9.6.5 Argentina Sales Analysis
- 9.6.6 Peru Sales Analysis
- 9.6.7 Chile Sales Analysis
- 9.6.8 Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1 Overview, Historic and Forecast Data Sales Analysis
- 9.7.2 Middle East & Africa By Segment Sales Analysis
- 9.7.3 Middle East & Africa By Country Sales Analysis
- 9.7.4 Saudi Arabia Sales Analysis
- 9.7.5 UAE Sales Analysis
- 9.7.6 Israel Sales Analysis
- 9.7.7 South Africa Sales Analysis
- 9.7.8 Rest Of Middle East And Africa Sales Analysis

10. COMPETITIVE LANDSCAPE OF THE COMMERCIAL & INDUSTRIAL PV INVERTER COMPANIES

10.1. Commercial & Industrial PV Inverter Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11. COMPANY PROFILES OF COMMERCIAL & INDUSTRIAL PV INVERTER INDUSTRY

11.1. Top Companies Market Share Analysis
11.2. Market Concentration Rate
11.3. Canadian Solar
- 11.3.1 Company Overview
- 11.3.2 Company Revenue
- 11.3.3 Products
- 11.3.4 Recent Developments
11.4. Delta Electronics Inc.
- 11.4.1 Company Overview
- 11.4.2 Company Revenue
- 11.4.3 Products
- 11.4.4 Recent Developments
11.5. Darfon Electronics Corp.
- 11.5.1 Company Overview
- 11.5.2 Company Revenue
- 11.5.3 Products
- 11.5.4 Recent Developments
11.6. Eaton
- 11.6.1 Company Overview
- 11.6.2 Company Revenue
- 11.6.3 Products
- 11.6.4 Recent Developments
11.7. Fimer Group
- 11.7.1 Company Overview
- 11.7.2 Company Revenue
- 11.7.3 Products
- 11.7.4 Recent Developments
11.8. Ginlong Technologies
- 11.8.1 Company Overview
- 11.8.2 Company Revenue
- 11.8.3 Products
- 11.8.4 Recent Developments
11.9. GoodWe
- 11.9.1 Company Overview
- 11.9.2 Company Revenue
- 11.9.3 Products
- 11.9.4 Recent Developments
11.10. Growatt New Energy
- 11.10.1 Company Overview
- 11.10.2 Company Revenue
- 11.10.3 Products
- 11.10.4 Recent Developments
11.11. Huawei Technologies Co. Ltd.
- 11.11.1 Company Overview
- 11.11.2 Company Revenue
- 11.11.3 Products
- 11.11.4 Recent Developments
11.12. Schneider Electric
- 11.12.1 Company Overview
- 11.12.2 Company Revenue
- 11.12.3 Products
- 11.12.4 Recent Developments
11.13. MAolar Technology AG
- 11.13.1 Company Overview
- 11.13.2 Company Revenue
- 11.13.3 Products
- 11.13.4 Recent Developments
11.14. Sungrow
- 11.14.1 Company Overview
- 11.14.2 Company Revenue
- 11.14.3 Products
- 11.14.4 Recent Developments
11.15. SolarEdge Technologies Inc.
- 11.15.1 Company Overview
- 11.15.2 Company Revenue
- 11.15.3 Products
- 11.15.4 Recent Developments
11.16. Sineng Electric Co. Ltd.
- 11.16.1 Company Overview
- 11.16.2 Company Revenue
- 11.16.3 Products
- 11.16.4 Recent Developments
11.17. Tabuchi Electric Co. Ltd
- 11.17.1 Company Overview
- 11.17.2 Company Revenue
- 11.17.3 Products
- 11.17.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies