Digital Inverter Marke Size, Share, Growth & Forecast by 2027

Q: Which is the Dominant Digital Inverter Market?

North America is the dominant digital inverter market. Read Report

Utilities end user segment to reflect high market attractiveness in the coming years

According to Future Market Insights, the global market for digital inverters is expected to display stellar growth during the period of forecast. The global digital inverter market has been witnessing consistent growth since 2012. According to this research, the global market for digital inverters is expected to grow at a high CAGR of 7.1% throughout the 2017-2027 timeline.

The global market, in 2017 is valued at US$ 5.5 Bn and is estimated to reach around US$ 11 Bn by the end of 2027. The high growth is due to development of new battery technologies for additional power storage, increasing demand from industrial and commercial sectors in the coming years and increasing technological development in energy utilization.

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Higher demand for digital inverters in utilities to spur the growth of the global market

One of the segments of the global digital inverter market is the end user category. Utilities segment in this category is a highly lucrative segment. It has reflected high growth potential during the 2012-2016 with respect to both growth rate as well as revenue and is likely to show increased potential in the years to come. The utilities end user segment is expected to reach a valuation of more than US$ 5500 Mn by the end of the year of assessment from a value of a bit more than US$ 2800 Mn in 2017.

Digital Inverter Market

This rise in estimation can be attributed to increasing demand for digital inverters from the utilities sector. The utilities segment is projected to expand at a robust rate to register a CAGR of above 7.2% throughout the period of assessment, 2017-2027.

Commercial sector to contribute significantly to the growth of the global digital inverter market

Commercial sector, following utilities, is showing higher inclination towards using digital inverters. This trend has been observed since 2012-2016 timeline. The commercial segment is expected to rise at a noteworthy CAGR of 7.0% throughout the assessment period.

The commercial segment reflected a revenue generation of around US$ 1.2 Bn in 2016 and is anticipated to touch an estimate a little under US$ 2670 Mn by the end of the year of forecast. This segment is expected to represent a Y-o-Y of 6.1% by the end of 2027.

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Regional outlook on digital inverter end user segments

Digital inverter market is soaring across the globe through regional geographies such as North America, Asia Pacific excluding Japan (APEJ), Western Europe etc. In North America, the utilities end user segment reflected higher revenue share and is expected to grow at a 7.2% CAGR during the forecast period. The commercial end user segment in Western Europe is estimated at around US$ 340 Mn by end of 2027. The utilities segment dominates the Western Europe digital inverter market in terms of market value and growth rate.

Utilities end user segment in Western Europe is projected to rise at a CAGR of 7.0% throughout the forecast period. Asia Pacific excluding Japan (APEJ) region has shown higher potential compared to other regions during the forecast period.

The utilities end user segment is projected to grow at a 7.9% CAGR during the period of forecast and reach a huge valuation of around US$ 2.4 Bn by the end of the assessment year (2027). The commercial segment in this region is also expected to show significant growth contributing to the growth of the global market.

Detailed Market Segmentation

By End User

Utilities
Commercial
Residential

By Power Source

Battery Inverter
Solar Inverter

By Product Type

Central Inverter
String Inverter
Micro Inverter

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East and Africa (MEA)

Frequently Asked Questions

What is the Growth Outlook for Digital Inverter Market?

The digital inverter market is likely to secure a CAGR of 6.9% through 2032.

By 2032, how much can the Digital Inverter Market Grow?

The digital inverter market size is estimated to cross US$ 14 Bn by 2032.

What is the Current Valuation of the Digital Inverter Market?

The digital inverter market is likely to record a value of US$ 7.68 Bn in 2022.

Which is the Dominant Digital Inverter Market?

North America is the dominant digital inverter market.

Table of Content

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Parent Market Overview
B3.1. Macro-Economic Factors
3.2. Opportunity Analysis
4. Global Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Market Size and Y-o-Y Growth
4.2. Absolute $ Opportunity
4.3. Value Chain
5. North America Market Analysis 2012–2016 and Forecast 2017–2027
5.1. Introduction
5.2. Regional Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Trends
5.3. Market Size (US$ Mn) By Country, 2012-2016
5.3.1. U.S.
5.3.2. Canada
5.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
5.4.1. U.S.
5.4.2. Canada
5.5. Market Size (US$ Mn) and Forecast By Power Source
5.5.1. Battery Inverters
5.5.2. Solar Inverters
5.6. Market Size (US$ Mn) and Forecast By Product Type
5.6.1. Central Inverters
5.6.2. String Inverters
5.6.3. Micro Inverters
5.7. Market Size (US$ Mn) and Forecast By End User
5.7.1. Utilities
5.7.2. Commercial
5.7.3. Residential
5.8. Market Attractiveness Analysis
5.8.1. By Country
5.8.2. By Power Source
5.8.3. By Product Type
5.8.4. By End User
5.9. Market Presence (Intensity Map)
6. Western Europe Market Analysis 2012–2016 and Forecast 2017–2027
6.1. Introduction
6.2. Regional Market Dynamics
6.2.1. Drivers
6.2.2. Restraints
6.2.3. Trends
6.3. Market Size (US$ Mn) By Country, 2012-2016
6.3.1. Germany
6.3.2. France
6.3.3. U.K.
6.3.4. Spain
6.3.5. Italy
6.3.6. BENELUX
6.3.7. Nordic
6.3.8. Rest of Western Europe
6.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
6.4.1. Germany
6.4.2. France
6.4.3. U.K.
6.4.4. Spain
6.4.5. Italy
6.4.6. BENELUX
6.4.7. Nordic
6.4.8. Rest of Western Europe
6.5. Market Size (US$ Mn) and Forecast By Power Source
6.5.1. Battery Inverters
6.5.2. Solar Inverters
6.6. Market Size (US$ Mn) and Forecast By Product Type
6.6.1. Central Inverters
6.6.2. String Inverters
6.6.3. Micro Inverters
6.7. Market Size (US$ Mn) and Forecast By End User
6.7.1. Utilities
6.7.2. Commercial
6.7.3. Residential
6.8. Market Attractiveness Analysis
6.8.1. By Country
6.8.2. By Power Source
6.8.3. By Product Type
6.8.4. By End User
6.9. Market Presence (Intensity Map)
7. Eastern Europe Market Analysis 2012–2016 and Forecast 2017–2027
7.1. Introduction
7.2. Regional Market Dynamics
7.2.1. Drivers
7.2.2. Restraints
7.2.3. Trends
7.3. Market Size (US$ Mn) By Country, 2012-2016
7.3.1. Russia
7.3.2. Poland
7.3.3. Rest of Eastern Europe
7.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
7.4.1. Russia
7.4.2. Poland
7.4.3. Rest of Eastern Europe
7.5. Market Size (US$ Mn) and Forecast By Power Source
7.5.1. Battery Inverters
7.5.2. Solar Inverters
7.6. Market Size (US$ Mn) and Forecast By Product Type
7.6.1. Central Inverters
7.6.2. String Inverters
7.6.3. Micro Inverters
7.7. Market Size (US$ Mn) and Forecast By End User
7.7.1. Utilities
7.7.2. Commercial
7.7.3. Residential
7.8. Market Attractiveness Analysis
7.8.1. By Country
7.8.2. By Power Source
7.8.3. By Product Type
7.8.4. By End User
7.9. Market Presence (Intensity Map)
8. Latin America Market Analysis 2012–2016 and Forecast 2017–2027
8.1. Introduction
8.2. Regional Market Dynamics
8.2.1. Drivers
8.2.2. Restraints
8.2.3. Trends
8.3. Market Size (US$ Mn) By Country, 2012-2016
8.3.1. Brazil
8.3.2. Mexico
8.3.3. Rest of Latin America
8.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
8.4.1. Brazil
8.4.2. Mexico
8.4.3. Rest of Latin America
8.5. Market Size (US$ Mn) and Forecast By Power Source
8.5.1. Battery Inverters
8.5.2. Solar Inverters
8.6. Market Size (US$ Mn) and Forecast By Product Type
8.6.1. Central Inverters
8.6.2. String Inverters
8.6.3. Micro Inverters
8.7. Market Size (US$ Mn) and Forecast By End User
8.7.1. Utilities
8.7.2. Commercial
8.7.3. Residential
8.8. Market Attractiveness Analysis
8.8.1. By Country
8.8.2. By Power Source
8.8.3. By Product Type
8.8.4. By End User
8.9. Market Presence (Intensity Map)
9. Asia Pacific Excluding Japan (APEJ) Market Analysis 2012–2016 and Forecast 2017–2027
9.1. Introduction
9.2. Regional Market Dynamics
9.2.1. Drivers
9.2.2. Restraints
9.2.3. Trends
9.3. Market Size (US$ Mn) By Country, 2012-2016
9.3.1. China
9.3.2. India
9.3.3. Australia and New Zealand
9.3.4. ASEAN
9.3.5. Rest of APEJ
9.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
9.4.1. China
9.4.2. India
9.4.3. Australia and New Zealand
9.4.4. ASEAN
9.4.5. Rest of APEJ
9.5. Market Size (US$ Mn) and Forecast By Power Source
9.5.1. Battery Inverters
9.5.2. Solar Inverters
9.6. Market Size (US$ Mn) and Forecast By Product Type
9.6.1. Central Inverters
9.6.2. String Inverters
9.6.3. Micro Inverters
9.7. Market Size (US$ Mn) and Forecast By End User
9.7.1. Utilities
9.7.2. Commercial
9.7.3. Residential
9.8. Market Attractiveness Analysis
9.8.1. By Country
9.8.2. By Power Source
9.8.3. By Product Type
9.8.4. By End User
9.9. Market Presence (Intensity Map)
10. Japan Market Analysis 2012–2016 and Forecast 2017–2027
10.1. Introduction
10.2. Regional Market Dynamics
10.2.1. Drivers
10.2.2. Restraints
10.2.3. Trends
10.3. Market Size (US$ Mn) and Forecast By Power Source
10.3.1. Battery Inverters
10.3.2. Solar Inverters
10.4. Market Size (US$ Mn) and Forecast By Product Type
10.4.1. Central Inverters
10.4.2. String Inverters
10.4.3. Micro Inverters
10.5. Market Size (US$ Mn) and Forecast By End User
10.5.1. Utilities
10.5.2. Commercial
10.5.3. Residential
10.6. Market Attractiveness Analysis
10.6.1. By Country
10.6.2. By Power Source
10.6.3. By Product Type
10.6.4. By End User
10.7. Market Presence (Intensity Map)
11. Middle East and Africa Market Analysis 2012–2016 and Forecast 2017–2027
11.1. Introduction
11.2. Regional Market Dynamics
11.2.1. Drivers
11.2.2. Restraints
11.2.3. Trends
11.3. Market Size (US$ Mn) By Country, 2012-2016
11.3.1. GCC Countries
11.3.2. Turkey
11.3.3. Northern Africa
11.3.4. South Africa
11.3.5. Rest of MEA
11.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027
11.4.1. GCC Countries
11.4.2. Turkey
11.4.3. Northern Africa
11.4.4. South Africa
11.4.5. Rest of MEA
11.5. Market Size (US$ Mn) and Forecast By Power Source
11.5.1. Battery Inverters
11.5.2. Solar Inverters
11.6. Market Size (US$ Mn) and Forecast By Product Type
11.6.1. Central Inverters
11.6.2. String Inverters
11.6.3. Micro Inverters
11.7. Market Size (US$ Mn) and Forecast By End User
11.7.1. Utilities
11.7.2. Commercial
11.7.3. Residential
11.8. Market Attractiveness Analysis
11.8.1. By Country
11.8.2. By Power Source
11.8.3. By Product Type
11.8.4. By End User
11.9. Market Presence (Intensity Map)
12. Forecast Factors: Relevance and Impact
13. Forecast Assumptions
14. Competition Landscape
14.1. Market Structure
14.2. Market Share Analysis
14.3. Competition Intensity Mapping By Market Taxonomy
14.4. Competition Dashboard
14.5. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
14.5.1. Eaton Corporation
14.5.2. Schneider Electric SE
14.5.3. Siemens AG
14.5.4. ABB Ltd.
14.5.5. General Electric Co.
14.5.6. Enphase Energy, Inc.
14.5.7. SMA Solar Technology AG
14.5.8. Vertiv Group Corporation
14.5.9. Leopold Kostal GmbH & Co. KG
14.5.10. Growatt New Energy Co.,Ltd

14.5.11 Other Players
14.5.12. ReGen Powertech Private Ltd
14.5.13. Fronius International GmbH
14.5.14. SMA New Energy Technology (Jiangsu) Co., Ltd.
14.5.15. Toshiba Mitsubishi-Electric Industrial Systems Corporation.

15. Global Market Analysis 2012–2016 and Forecast 2017–2027
15.1. Introduction / Key Findings
15.2. Market Size (US$ Mn) and Forecast By Region
15.2.1. North America
15.2.2. Western Europe
15.2.3. Eastern Europe
15.2.4. Latin America
15.2.5. Asia Pacific Excluding Japan
15.2.6. Japan
15.2.7. Middle East and Africa
15.3. Market Attractiveness Analysis By Region
16. Global Market Analysis 2012–2016 and Forecast 2017–2027, By Power Source
16.1. Introduction
16.2. Market Size (US$ Mn) and Forecast By Power Source
16.2.1. Battery Inverters
16.2.2. Solar Inverters Manned POS Terminal
16.3. Key Trends / Developments
16.4. Market Attractiveness Analysis By Power Source
17. Global Market Analysis 2012–2016 and Forecast 2017–2027, By Product Type
17.1. Introduction / Key Findings
17.2. Market Size (US$ Mn) and Forecast By Product Type
17.2.1. Central Inverters
17.2.2. String Inverters
17.2.3. Micro Inverters
17.3. Others Key Trends / Developments
17.4. Market Attractiveness Analysis By Product Type
18. Global Market Analysis 2012–2016 and Forecast 2017–2027, By End-user
18.1. Introduction / Key Findings
18.2. Market Size (US$ Mn) and Forecast By End-user Industry
18.2.1. Utilities
18.2.2. Commercial
18.2.3. Residential
18.3. Others Key Trends / Developments
18.4. Market Attractiveness Analysis By End-user
19. Assumptions and Acronyms Used
20. Research Methodology