PV Inverter Market Outlook

The PV inverter market is predicted to capture a valuation of US$ 1.5 billion in 2023, and is rising to US$ 2.8 billion by 2033. The market is estimated at a CAGR of 6.4% during the forecast period.

Factors influencing the market growth are

  • The rising demand for electricity, constant power cuts, and renewable energy are expanding the market growth.
  • Growing concern about the environment and awareness of sustainable and green energy is increasing the adoption of PV inverter.
  • To reduce carbon emissions and preference alternative power, increasing the demand for PV inverter.
  • The growing demand for PV inverter for commercial and industrial purposes for generating power is surging the market growth.
  • The government initiative plans and research and development activities are expanding the market opportunities.
  • A few solar inverters, including Sungrow inverters, hybrid solar inverters, and solar PV inverters, transfer the DC (Direct Current) from the solar panel.
  • The increasing remote area work and huge power cuts in rural areas are increasing the adoption of PV inverter.
  • Developing countries such as India and China are increasing the adoption of PV inverter due to growing demand for renewable, high electricity consumption, and cheap energy sources.

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Rising Electronic Goods Prices Limit the Market Growth

  • Increasing costs of electronic goods, technical issues with advanced technology, and low-income limit market growth.
  • Lack of awareness and adopting alternative options are also restraining the market growth.

Growing Trends Drives the Market Size

The increasing adoption of PV inverter on the top roof of commercial, household, and industrial usage propels market trends. The growing production of meticulous and renewable energy plants in various developing and developed countries to reduce the carbon footprint is increasing market trends.

Rising government schemes, such as FiTs (Feed-in Tariffs) to increase the installation of solar inverters, are enhancing the market trend. In an initiative program, the Chinese administration launched its new rooftop hybrid solar panel. The growing trade, government support, and adoption of solar conversion on several platforms are increasing the market trends.

Attributes Details
Market CAGR (2023 to 2033) 6.4%
Market Valuation (2023) US$ 1.5 billion
Market Valuation (2033) US$ 2.8 billion

PV Inverter Market, 2017 to 2022 Historical Sales, Compared to 2023 to 2033 Future Outlook

According to Future Market Insights, the global PV inverter market is predicted at a healthy 6.4% CAGR during the forecast period. Historically, the market registered a CAGR of 9.1% between 2017 and 2022.

Several end-use industries, including industrial, commercial, residential, and others, are flourishing the market growth. The global market pushes its sales of complementary products and solar inverters during the COVID-19 crisis. Due to growing consumer preference, awareness and alternative energy sources drive the market size.

  • Short Term (2023 to 2026): Rising demand for alternative electricity consumption and carbon emission control are bolstering market growth.
  • Medium Term (2026 to 2029): Growing adoption of PV inverter to provide sustainable, clean, and renewable energy is driving the market expansion.
  • Long Term (2029 to 2033): Rising investment, key companies, government initiatives, and innovations are expanding the market opportunities.

The market is estimated to reach US$ 2.8 billion during the forecast period. Historically, the market stood at US$ 1.4 billion from 2017 to 2022.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Which Connectivity Type Segment Acquires Huge Growth Potential?

Based on connectivity type, the market is categorized into on-grid and standalone. The on-grid connectivity is expected to lead the global market by securing a higher CAGR during the forecast period. The rising demand for on-grid connectivity is due to efficient cost, energy, and increasing electricity consumption. The growing investment and focus on direct current electricity are boosting the demand for on-grid connectivity.

Three Phase Type – Dominating the Global Market

Based on phase type, the three-phase type is leading the global market by capturing a CAGR of 6.0% during the forecast period. Growing demand is there for three phase types for better performing equal distribution, advanced power, and transmission. The adoption of three phase types is increasing due to their accuracy and flexibility.

Three phase types contain maximum operational energy, limit energy waste and work efficiently, which are driving the market growth. Historically, the segment secured a CAGR of 8.6% between 2017 and 2022.

Which Product Type Category Dominates the Global Market?

Based on product type, the market is further categorized into central, micro, and string. The central type category is leading the market by occupying a CAGR of 6.2% during the forecast period. Several large enterprises and organizations are increasing the adoption of central-type inverters for efficient and constant work.

Increasing urbanization, infrastructure, and alternative power resources, including micro-inverter and solar panels, are boosting the demand for central-type inverters. Historically, the segment secured a CAGR of 8.9% between 2017 and 2022.

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Top Countries Data Table Mentioned Below

Countries United States
CAGR (2017 to 2022) 8.7%
CAGR (2023 to 2033) 6.2%
Valuation (2023 to 2033) US$ 992.0 million
Countries United Kingdom
CAGR (2017 to 2022) 7.7%
CAGR (2023 to 2033) 5.5%
Valuation (2023 to 2033) US$ 117.8 million
Countries China
CAGR (2017 to 2022) 8.3%
CAGR (2023 to 2033) 5.8%
Valuation (2023 to 2033) US$ 200.9 million
Countries Japan
CAGR (2017 to 2022) 7.2%
CAGR (2023 to 2033) 5.0%
Valuation (2023 to 2033) US$ 164.2 million
Countries South Korea
CAGR (2017 to 2022) 3%
CAGR (2023 to 2033) 4.6%
Valuation (2023 to 2033) US$ 99.6 million

Growing Demand for Hybrid Solar Inverter Drives the United States Market

The United States is likely to capture a CAGR of 6.2% with a valuation of US$ 992.0 million during the forecast period. The increasing demand for hybrid solar inverters, solar panel installation, and government subsidies propel the United States PV inverter market growth. Growing consumer preferences, urbanization, and large enterprises are further bolstering the market in the country.

The increasing demand for alternative sources and growing awareness is rising the sales of PV inverter. The United States government provided a 26% tax credit for installing the solar system in 2022. The adoption of central and three phase inverters is expected to propel the United States market size. Historically, the United States captured a CAGR of 8.7% between 2017 and 2022.

Favorable Government Policies Surge the United Kingdom Market

During the forecast period, the United Kingdom is expected to record a CAGR of 5.5% with a valuation of US$ 117.8 million. The rising key manufacturing companies, technical experts, and high efficiency of solar devices are fueling the United Kingdom PV inverter market. The end-user industries, distribution channels, and prominent vendors are surging market opportunities in the country.

The investors invest the maximum amount in the market to acquire maximum output in the United Kingdom. The rising demand for renewable energy and the manufacturing of advanced inverters are expected to boost the market. Historically, the United States secured a CAGR of 7.7% between 2017 and 2022.

Growing Consumption of Electricity Fosters China Market

China is one of the significant countries in the Asia Pacific region that captures a CAGR of 5.8% during the forecast period. The increasing number of solar installations and electricity cut-offs are enhancing the market expansion in China. Increasing trends of inverters and the growing population are expected to fuel the demand for PV inverter.

Key players, investors, and urbanization are accelerating the demand for PV inverter in China. The growth of several industries, infrastructure, and significant development is flourishing in China's PV inverter market. Historically, China captured a CAGR of 8.3% between 2017 and 2022.

Competitive Landscape

Several key vendors are focused on providing non-hazardous solar inverters that maintain a healthy environment. These players are adopting advanced and innovative skills to develop unique solar devices. Recently, the adoption of automatic gadgets, machines, and robotic devices is popularly attracting consumers' attention to work smoothly and efficiently without any workload.

The manufacturers are adopting several easy atmospheric inverters that may boost market expansion. The key vendor implements several plans and policies to develop durable, effective, and last-long PV inverters to satisfy consumers' demands. These players are adopting marketing tactics, including mergers, acquisitions, partnerships, collaborations, and agreements.

Other Key Players in the Market are

  • Eaton
  • Sungrow
  • Growatt New Energy
  • Darfon Electronics Corp
  • Schneider Electric
  • Enphase energy
  • Seimens
  • Fimer Group

Recent Developments in the Market are

  • In 2021, Sungrow Power partnered with Hudaco Energy to distribute solar products in South Africa.
  • In September 2021, Sungrow dealt with an agreement with a local distributor in Pakistan to supply commercial and residential inverters to get rid of the electricity cut-off.
  • In March 2021, Fronius International announced its single phase, Primo GEN24 Plus, a hybrid inverter. This inverter launched in the 3.0–6.0 kW category with a high-tech, flexible, stylish design.
  • In March 2020, Fimer Group acquired ABB, a solar inverter company. This acquisition took place to boost the company’s presence.

Scope of Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2017 to 2022
Market Analysis US$ billion for Value
Key Countries Covered United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, Türkiye, and South Africa
Key Segments Covered
  • Product
  • Phase
  • Connectivity
  • Nominal Power Output
  • Nominal Output Voltage
  • End-use Industry
  • Region
Key Companies Profiled
  • Eaton
  • Sungrow
  • Growatt New Energy
  • Darfon Electronics Corp
  • Schneider Electric
  • Enphase energy
  • Seimens
  • Fimer Group
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

PV Inverter Market Segmentation by Category

By Product:

  • String
  • Micro
  • Central

By Phase:

  • Single Phase
  • Three Phase

By Connectivity:

  • Standalone
  • On-grid

By Nominal Power Output:

  • < 0.5 kW
  • 0.50–3 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
  • Utility

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)

Frequently Asked Questions

Which is the Market Valuation of the United States by 2033?

The United States is expected to be worth around US$ 992 million by 2033.

What is the Growth Outlook of the Market in the United Kingdom?

The United Kingdom is estimated to record a growth of 5.5% through 2033.

Which Segment Holds a Leading Position in the PV Inverter Market?

Residential solar installations as people switch to solar power for environmental and cost-saving reasons.

What are the Current Trends in the PV Inverter Market?

Development of microinverters and the integration of smart grid technologies.

How Does Government Policy Influence the PV Inverter Market?

Government initiatives that encourage the use of renewable energy, such as subsidies and incentives, fuel the market expansion.

Table of Content

1. Executive Summary | PV Inverter Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Product, 2017 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product, 2023 to 2033

        5.3.1. String

        5.3.2. Micro

        5.3.3. Central

    5.4. Y-o-Y Growth Trend Analysis By Product, 2017 to 2022

    5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033

6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Phase

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Phase, 2017 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Phase, 2023 to 2033

        6.3.1. Single Phase

        6.3.2. Three Phase

    6.4. Y-o-Y Growth Trend Analysis By Phase, 2017 to 2022

    6.5. Absolute $ Opportunity Analysis By Phase, 2023 to 2033

7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Connectivity

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis By Connectivity , 2017 to 2022

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Connectivity , 2023 to 2033

        7.3.1. Standalone

        7.3.2. On-grid

    7.4. Y-o-Y Growth Trend Analysis By Connectivity , 2017 to 2022

    7.5. Absolute $ Opportunity Analysis By Connectivity , 2023 to 2033

8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Nominal Power Output

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) Analysis By Nominal Power Output, 2017 to 2022

    8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Nominal Power Output, 2023 to 2033

        8.3.1. ≤ 0.5 kW

        8.3.2. 0.5 - 3 kW

        8.3.3. 3 - 33 kW

        8.3.4. 33 - 110 kW

        8.3.5. > 110 kW

    8.4. Y-o-Y Growth Trend Analysis By Nominal Power Output, 2017 to 2022

    8.5. Absolute $ Opportunity Analysis By Nominal Power Output, 2023 to 2033

9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Nominal Output Voltage

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Million) Analysis By Nominal Output Voltage, 2017 to 2022

    9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Nominal Output Voltage, 2023 to 2033

        9.3.1. ≤ 230 V

        9.3.2. 230 - 400 V

        9.3.3. 400 - 600 V

        9.3.4. > 600 V

    9.4. Y-o-Y Growth Trend Analysis By Nominal Output Voltage, 2017 to 2022

    9.5. Absolute $ Opportunity Analysis By Nominal Output Voltage, 2023 to 2033

10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size Value (US$ Million) Analysis By Application, 2017 to 2022

    10.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033

        10.3.1. Residential

        10.3.2. Commercial & Industrial

        10.3.3. Utility

    10.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2022

    10.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

11. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region

    11.1. Introduction

    11.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2022

    11.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. Asia Pacific

        11.3.5. Middle East and Africa

    11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1.USA

            12.2.1.2. Canada

        12.2.2. By Product

        12.2.3. By Phase

        12.2.4. By Connectivity

        12.2.5. By Nominal Power Output

        12.2.6. By Nominal Output Voltage

        12.2.7. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product

        12.3.3. By Phase

        12.3.4. By Connectivity

        12.3.5. By Nominal Power Output

        12.3.6. By Nominal Output Voltage

        12.3.7. By Application

    12.4. Key Takeaways

13. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. Brazil

            13.2.1.2. Mexico

            13.2.1.3. Rest of Latin America

        13.2.2. By Product

        13.2.3. By Phase

        13.2.4. By Connectivity

        13.2.5. By Nominal Power Output

        13.2.6. By Nominal Output Voltage

        13.2.7. By Application

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product

        13.3.3. By Phase

        13.3.4. By Connectivity

        13.3.5. By Nominal Power Output

        13.3.6. By Nominal Output Voltage

        13.3.7. By Application

    13.4. Key Takeaways

14. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. Germany

            14.2.1.2. United kingdom

            14.2.1.3. France

            14.2.1.4. Spain

            14.2.1.5. Italy

            14.2.1.6. Rest of Europe

        14.2.2. By Product

        14.2.3. By Phase

        14.2.4. By Connectivity

        14.2.5. By Nominal Power Output

        14.2.6. By Nominal Output Voltage

        14.2.7. By Application

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product

        14.3.3. By Phase

        14.3.4. By Connectivity

        14.3.5. By Nominal Power Output

        14.3.6. By Nominal Output Voltage

        14.3.7. By Application

    14.4. Key Takeaways

15. Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. China

            15.2.1.2. Japan

            15.2.1.3. India

            15.2.1.4. Thailand

            15.2.1.5. Singapore

            15.2.1.6. Australia

            15.2.1.7. Rest of Asia Pacific

        15.2.2. By Product

        15.2.3. By Phase

        15.2.4. By Connectivity

        15.2.5. By Nominal Power Output

        15.2.6. By Nominal Output Voltage

        15.2.7. By Application

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Product

        15.3.3. By Phase

        15.3.4. By Connectivity

        15.3.5. By Nominal Power Output

        15.3.6. By Nominal Output Voltage

        15.3.7. By Application

    15.4. Key Takeaways

16. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022

    16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. GCC Countries

            16.2.1.2. South Africa

            16.2.1.3. Israel

            16.2.1.4. Rest of Middle East and Africa

        16.2.2. By Product

        16.2.3. By Phase

        16.2.4. By Connectivity

        16.2.5. By Nominal Power Output

        16.2.6. By Nominal Output Voltage

        16.2.7. By Application

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Product

        16.3.3. By Phase

        16.3.4. By Connectivity

        16.3.5. By Nominal Power Output

        16.3.6. By Nominal Output Voltage

        16.3.7. By Application

    16.4. Key Takeaways

17. Key Countries Market Analysis

    17.1.USA

        17.1.1. Pricing Analysis

        17.1.2. Market Share Analysis, 2022

            17.1.2.1. By Product

            17.1.2.2. By Phase

            17.1.2.3. By Connectivity

            17.1.2.4. By Nominal Power Output

            17.1.2.5. By Nominal Output Voltage

            17.1.2.6. By Application

    17.2. Canada

        17.2.1. Pricing Analysis

        17.2.2. Market Share Analysis, 2022

            17.2.2.1. By Product

            17.2.2.2. By Phase

            17.2.2.3. By Connectivity

            17.2.2.4. By Nominal Power Output

            17.2.2.5. By Nominal Output Voltage

            17.2.2.6. By Application

    17.3. Brazil

        17.3.1. Pricing Analysis

        17.3.2. Market Share Analysis, 2022

            17.3.2.1. By Product

            17.3.2.2. By Phase

            17.3.2.3. By Connectivity

            17.3.2.4. By Nominal Power Output

            17.3.2.5. By Nominal Output Voltage

            17.3.2.6. By Application

    17.4. Mexico

        17.4.1. Pricing Analysis

        17.4.2. Market Share Analysis, 2022

            17.4.2.1. By Product

            17.4.2.2. By Phase

            17.4.2.3. By Connectivity

            17.4.2.4. By Nominal Power Output

            17.4.2.5. By Nominal Output Voltage

            17.4.2.6. By Application

    17.5. Germany

        17.5.1. Pricing Analysis

        17.5.2. Market Share Analysis, 2022

            17.5.2.1. By Product

            17.5.2.2. By Phase

            17.5.2.3. By Connectivity

            17.5.2.4. By Nominal Power Output

            17.5.2.5. By Nominal Output Voltage

            17.5.2.6. By Application

    17.6. United kingdom

        17.6.1. Pricing Analysis

        17.6.2. Market Share Analysis, 2022

            17.6.2.1. By Product

            17.6.2.2. By Phase

            17.6.2.3. By Connectivity

            17.6.2.4. By Nominal Power Output

            17.6.2.5. By Nominal Output Voltage

            17.6.2.6. By Application

    17.7. France

        17.7.1. Pricing Analysis

        17.7.2. Market Share Analysis, 2022

            17.7.2.1. By Product

            17.7.2.2. By Phase

            17.7.2.3. By Connectivity

            17.7.2.4. By Nominal Power Output

            17.7.2.5. By Nominal Output Voltage

            17.7.2.6. By Application

    17.8. Spain

        17.8.1. Pricing Analysis

        17.8.2. Market Share Analysis, 2022

            17.8.2.1. By Product

            17.8.2.2. By Phase

            17.8.2.3. By Connectivity

            17.8.2.4. By Nominal Power Output

            17.8.2.5. By Nominal Output Voltage

            17.8.2.6. By Application

    17.9. Italy

        17.9.1. Pricing Analysis

        17.9.2. Market Share Analysis, 2022

            17.9.2.1. By Product

            17.9.2.2. By Phase

            17.9.2.3. By Connectivity

            17.9.2.4. By Nominal Power Output

            17.9.2.5. By Nominal Output Voltage

            17.9.2.6. By Application

    17.10. China

        17.10.1. Pricing Analysis

        17.10.2. Market Share Analysis, 2022

            17.10.2.1. By Product

            17.10.2.2. By Phase

            17.10.2.3. By Connectivity

            17.10.2.4. By Nominal Power Output

            17.10.2.5. By Nominal Output Voltage

            17.10.2.6. By Application

    17.11. Japan

        17.11.1. Pricing Analysis

        17.11.2. Market Share Analysis, 2022

            17.11.2.1. By Product

            17.11.2.2. By Phase

            17.11.2.3. By Connectivity

            17.11.2.4. By Nominal Power Output

            17.11.2.5. By Nominal Output Voltage

            17.11.2.6. By Application

    17.12. South Korea

        17.12.1. Pricing Analysis

        17.12.2. Market Share Analysis, 2022

            17.12.2.1. By Product

            17.12.2.2. By Phase

            17.12.2.3. By Connectivity

            17.12.2.4. By Nominal Power Output

            17.12.2.5. By Nominal Output Voltage

            17.12.2.6. By Application

    17.13. Thailand

        17.13.1. Pricing Analysis

        17.13.2. Market Share Analysis, 2022

            17.13.2.1. By Product

            17.13.2.2. By Phase

            17.13.2.3. By Connectivity

            17.13.2.4. By Nominal Power Output

            17.13.2.5. By Nominal Output Voltage

            17.13.2.6. By Application

    17.14. Singapore

        17.14.1. Pricing Analysis

        17.14.2. Market Share Analysis, 2022

            17.14.2.1. By Product

            17.14.2.2. By Phase

            17.14.2.3. By Connectivity

            17.14.2.4. By Nominal Power Output

            17.14.2.5. By Nominal Output Voltage

            17.14.2.6. By Application

    17.15. Australia

        17.15.1. Pricing Analysis

        17.15.2. Market Share Analysis, 2022

            17.15.2.1. By Product

            17.15.2.2. By Phase

            17.15.2.3. By Connectivity

            17.15.2.4. By Nominal Power Output

            17.15.2.5. By Nominal Output Voltage

            17.15.2.6. By Application

    17.16. GCC Countries

        17.16.1. Pricing Analysis

        17.16.2. Market Share Analysis, 2022

            17.16.2.1. By Product

            17.16.2.2. By Phase

            17.16.2.3. By Connectivity

            17.16.2.4. By Nominal Power Output

            17.16.2.5. By Nominal Output Voltage

            17.16.2.6. By Application

    17.17. South Africa

        17.17.1. Pricing Analysis

        17.17.2. Market Share Analysis, 2022

            17.17.2.1. By Product

            17.17.2.2. By Phase

            17.17.2.3. By Connectivity

            17.17.2.4. By Nominal Power Output

            17.17.2.5. By Nominal Output Voltage

            17.17.2.6. By Application

    17.18. Israel

        17.18.1. Pricing Analysis

        17.18.2. Market Share Analysis, 2022

            17.18.2.1. By Product

            17.18.2.2. By Phase

            17.18.2.3. By Connectivity

            17.18.2.4. By Nominal Power Output

            17.18.2.5. By Nominal Output Voltage

            17.18.2.6. By Application

18. Market Structure Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Market Share Analysis of Top Players

        18.3.1. By Regional

        18.3.2. By Product

        18.3.3. By Phase

        18.3.4. By Connectivity

        18.3.5. By Nominal Power Output

        18.3.6. By Nominal Output Voltage

        18.3.7. By Application

19. Competition Analysis

    19.1. Competition Deep Dive

        19.1.1. General Electric

            19.1.1.1. Overview

            19.1.1.2. Product Portfolio

            19.1.1.3. Profitability by Market Segments

            19.1.1.4. Sales Footprint

            19.1.1.5. Strategy Overview

                19.1.1.5.1. Marketing Strategy

        19.1.2. Eaton

            19.1.2.1. Overview

            19.1.2.2. Product Portfolio

            19.1.2.3. Profitability by Market Segments

            19.1.2.4. Sales Footprint

            19.1.2.5. Strategy Overview

                19.1.2.5.1. Marketing Strategy

        19.1.3. Sungrow

            19.1.3.1. Overview

            19.1.3.2. Product Portfolio

            19.1.3.3. Profitability by Market Segments

            19.1.3.4. Sales Footprint

            19.1.3.5. Strategy Overview

                19.1.3.5.1. Marketing Strategy

        19.1.4. Growatt New Energy

            19.1.4.1. Overview

            19.1.4.2. Product Portfolio

            19.1.4.3. Profitability by Market Segments

            19.1.4.4. Sales Footprint

            19.1.4.5. Strategy Overview

                19.1.4.5.1. Marketing Strategy

        19.1.5. Darfon Electronics Corp.

            19.1.5.1. Overview

            19.1.5.2. Product Portfolio

            19.1.5.3. Profitability by Market Segments

            19.1.5.4. Sales Footprint

            19.1.5.5. Strategy Overview

                19.1.5.5.1. Marketing Strategy

        19.1.6. Schneider Electric

            19.1.6.1. Overview

            19.1.6.2. Product Portfolio

            19.1.6.3. Profitability by Market Segments

            19.1.6.4. Sales Footprint

            19.1.6.5. Strategy Overview

                19.1.6.5.1. Marketing Strategy

        19.1.7. Enphase Energy

            19.1.7.1. Overview

            19.1.7.2. Product Portfolio

            19.1.7.3. Profitability by Market Segments

            19.1.7.4. Sales Footprint

            19.1.7.5. Strategy Overview

                19.1.7.5.1. Marketing Strategy

        19.1.8. Siemens

            19.1.8.1. Overview

            19.1.8.2. Product Portfolio

            19.1.8.3. Profitability by Market Segments

            19.1.8.4. Sales Footprint

            19.1.8.5. Strategy Overview

                19.1.8.5.1. Marketing Strategy

        19.1.9. Fimer Group

            19.1.9.1. Overview

            19.1.9.2. Product Portfolio

            19.1.9.3. Profitability by Market Segments

            19.1.9.4. Sales Footprint

            19.1.9.5. Strategy Overview

                19.1.9.5.1. Marketing Strategy

        19.1.10. Eaton

            19.1.10.1. Overview

            19.1.10.2. Product Portfolio

            19.1.10.3. Profitability by Market Segments

            19.1.10.4. Sales Footprint

            19.1.10.5. Strategy Overview

                19.1.10.5.1. Marketing Strategy

20. Assumptions & Acronyms Used

21. Research Methodology

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