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

Description

List of Tables

The global demand for Standalone PV Inverter Market is presumed to reach the market size of nearly USD 14.75 Billion by 2032 from USD 4.6 Billion in 2023 with a CAGR of 13.82% under the study period 2024-2032.

A standalone PV inverter is a device employed in solar energy systems to transform direct current (DC) generated by photovoltaic (PV) panels into alternating current (AC) for use in off-grid applications. Unlike grid-tied inverters, standalone inverters are designed to operate independently from the electrical grid, often in conjunction with battery storage systems. They are essential for providing a reliable power supply in remote or isolated locations, ensuring energy independence and sustainability.

MARKET DYNAMICS

The standalone PV inverter market is primarily driven by the rising emphasis on renewable energy and the need for sustainable power solutions in off-grid locations. These inverters are crucial for converting solar power into usable electricity in remote areas with limited or non-existent grid access. Technological advancements in PV inverter designs, improving efficiency, and reducing costs further boost their adoption. Additionally, government incentives & subsidies for renewable energy projects significantly promote standalone PV inverter installations. The rise in awareness about the benefits of solar power, coupled with decreasing costs of photovoltaic panels, enhances the feasibility of off-grid solar systems, thus driving market growth. The need for energy independence, particularly in rural and isolated regions, makes these inverters vital to renewable energy strategies. Moreover, the increasing integration of battery storage systems with standalone PV inverters ensures a stable & continuous power supply, even during periods of low sunlight, enhancing their appeal and driving market growth. However, the intermittent nature of solar energy and the high cost of these inverter systems compared to traditional power sources may challenge 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 Standalone PV Inverter. The growth and trends of Standalone PV Inverter industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Standalone 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

By Phase

Single phase
Three phase

By Nominal Output Power

<= 0.5 kW
0.5 - 3 kW
3 - 33 kW
33 - 110 kW
110 kW

By Nominal Output Voltage

<= 230 V
230 - 400 V
400 - 600 V
> 600 V

By Application

Residential
Commercial & Industrial

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Standalone 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 Standalone PV Inverter market include APsystems, Chint Power Systems, Eaton, Hitachi Hi-Rel Power Electronics Pvt. Ltd, INVTSolar, KACO New Energy GmbH, NingBo Deye Inverter Technology Co.Ltd, OutBack Power Technologies, Power Electronics, Servotech Power Systems, SMA Solar Technology AG, Sungrow, UTL Solar, Yaskawa Solectria Solar. 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.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR112115063

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. STANDALONE 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 Nominal Output Power
- 3.7.4 Market Attractiveness Analysis By Nominal Output Voltage
- 3.7.5 Market Attractiveness Analysis By Application
- 3.7.6 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 STANDALONE 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

6. GLOBAL STANDALONE 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 STANDALONE PV INVERTER MARKET ANALYSIS BY NOMINAL OUTPUT POWER

7.1. Overview By Nominal Output Power
7.2. Historical and Forecast Data Analysis By Nominal Output Power
7.3. <= 0.5 kW Historic and Forecast Sales By Regions
7.4. 0.5 - 3 kW Historic and Forecast Sales By Regions
7.5. 3 - 33 kW Historic and Forecast Sales By Regions
7.6. 33 - 110 kW Historic and Forecast Sales By Regions
7.7. 110 kW Historic and Forecast Sales By Regions

8. GLOBAL STANDALONE 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 V Historic and Forecast Sales By Regions
8.4. 230 - 400 V Historic and Forecast Sales By Regions
8.5. 400 - 600 V Historic and Forecast Sales By Regions
8.6. > 600 V Historic and Forecast Sales By Regions

9. GLOBAL STANDALONE PV INVERTER MARKET ANALYSIS BY APPLICATION

9.1. Overview By Application
9.2. Historical and Forecast Data Analysis By Application
9.3. Residential Historic and Forecast Sales By Regions
9.4. Commercial & Industrial Historic and Forecast Sales By Regions

10. GLOBAL STANDALONE PV INVERTER MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1 Overview, Historic and Forecast Data Sales Analysis
- 10.3.2 North America By Segment Sales Analysis
- 10.3.3 North America By Country Sales Analysis
- 10.3.4 United States Sales Analysis
- 10.3.5 Canada Sales Analysis
- 10.3.6 Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1 Overview, Historic and Forecast Data Sales Analysis
- 10.4.2 Europe By Segment Sales Analysis
- 10.4.3 Europe By Country Sales Analysis
- 10.4.4 United Kingdom Sales Analysis
- 10.4.5 France Sales Analysis
- 10.4.6 Germany Sales Analysis
- 10.4.7 Italy Sales Analysis
- 10.4.8 Russia Sales Analysis
- 10.4.9 Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1 Overview, Historic and Forecast Data Sales Analysis
- 10.5.2 Asia Pacific By Segment Sales Analysis
- 10.5.3 Asia Pacific By Country Sales Analysis
- 10.5.4 China Sales Analysis
- 10.5.5 India Sales Analysis
- 10.5.6 Japan Sales Analysis
- 10.5.7 South Korea Sales Analysis
- 10.5.8 Australia Sales Analysis
- 10.5.9 South East Asia Sales Analysis
- 10.5.10 Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1 Overview, Historic and Forecast Data Sales Analysis
- 10.6.2 Latin America By Segment Sales Analysis
- 10.6.3 Latin America By Country Sales Analysis
- 10.6.4 Brazil Sales Analysis
- 10.6.5 Argentina Sales Analysis
- 10.6.6 Peru Sales Analysis
- 10.6.7 Chile Sales Analysis
- 10.6.8 Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1 Overview, Historic and Forecast Data Sales Analysis
- 10.7.2 Middle East & Africa By Segment Sales Analysis
- 10.7.3 Middle East & Africa By Country Sales Analysis
- 10.7.4 Saudi Arabia Sales Analysis
- 10.7.5 UAE Sales Analysis
- 10.7.6 Israel Sales Analysis
- 10.7.7 South Africa Sales Analysis
- 10.7.8 Rest Of Middle East And Africa Sales Analysis

11. COMPETITIVE LANDSCAPE OF THE STANDALONE PV INVERTER COMPANIES

11.1. Standalone PV Inverter Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12. COMPANY PROFILES OF STANDALONE PV INVERTER INDUSTRY

12.1. Top Companies Market Share Analysis
12.2. Market Concentration Rate
12.3. APsystems
- 12.3.1 Company Overview
- 12.3.2 Company Revenue
- 12.3.3 Products
- 12.3.4 Recent Developments
12.4. Chint Power Systems
- 12.4.1 Company Overview
- 12.4.2 Company Revenue
- 12.4.3 Products
- 12.4.4 Recent Developments
12.5. Eaton
- 12.5.1 Company Overview
- 12.5.2 Company Revenue
- 12.5.3 Products
- 12.5.4 Recent Developments
12.6. Hitachi Hi-Rel Power Electronics Pvt. Ltd
- 12.6.1 Company Overview
- 12.6.2 Company Revenue
- 12.6.3 Products
- 12.6.4 Recent Developments
12.7. INVTSolar
- 12.7.1 Company Overview
- 12.7.2 Company Revenue
- 12.7.3 Products
- 12.7.4 Recent Developments
12.8. KACO New Energy GmbH
- 12.8.1 Company Overview
- 12.8.2 Company Revenue
- 12.8.3 Products
- 12.8.4 Recent Developments
12.9. NingBo Deye Inverter Technology Co.Ltd
- 12.9.1 Company Overview
- 12.9.2 Company Revenue
- 12.9.3 Products
- 12.9.4 Recent Developments
12.10. OutBack Power Technologies
- 12.10.1 Company Overview
- 12.10.2 Company Revenue
- 12.10.3 Products
- 12.10.4 Recent Developments
12.11. Power Electronics
- 12.11.1 Company Overview
- 12.11.2 Company Revenue
- 12.11.3 Products
- 12.11.4 Recent Developments
12.12. Servotech Power Systems
- 12.12.1 Company Overview
- 12.12.2 Company Revenue
- 12.12.3 Products
- 12.12.4 Recent Developments
12.13. SMA Solar Technology AG
- 12.13.1 Company Overview
- 12.13.2 Company Revenue
- 12.13.3 Products
- 12.13.4 Recent Developments
12.14. Sungrow
- 12.14.1 Company Overview
- 12.14.2 Company Revenue
- 12.14.3 Products
- 12.14.4 Recent Developments
12.15. UTL Solar
- 12.15.1 Company Overview
- 12.15.2 Company Revenue
- 12.15.3 Products
- 12.15.4 Recent Developments
12.16. Yaskawa Solectria Solar
- 12.16.1 Company Overview
- 12.16.2 Company Revenue
- 12.16.3 Products
- 12.16.4 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