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Utility Scale PV Inverter Market Share

Report ID: GMI5270
Published Date: Jun 2023
Report Format: PDF

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Utility Scale PV Inverter Market Share

Some of the key companies operating across the utility scale PV inverter market are

SMA Solar Technology AG
Sungrow
Growatt New Energy
Darfon Electronics Corp.
Schneider Electric
Siemens
Fimer Group
Eaton
SolarEdge Technologies, Inc.
Huawei Technologies Co., Ltd.
Fronius International GmbH
Delta Electronics, Inc.
Hitachi Hi-Rel Power Electronics Private Limited
Sineng Electric Co., Ltd.
Tabuchi Electric Co., Ltd.
Canadian Solar
Panasonic Corporation
Ginlong Technologies
GoodWe
SHENZHEN SOFARSOLAR CO., LTD.

Major manufacturers across Asia Pacific, the U.S., and the Middle East & Africa are inclined toward mergers & acquisitions, strategic collaborations, partnerships, and joint ventures to further gain a competitive advantage in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of utility-scale PV inverter was reached USD 14.24 billion in 2022 and will record a CAGR of 8.4% till 2032.

The central inverter segment was over USD 9.8 billion in 2022, on account of the rising focus on distributed generation technologies with the expansion of sustainable energy systems.

The industry for utility-scale solar inverter in the Asia Pacific region has witnessed substantial growth during the forecast period, due to favorable regulatory reforms and increasing investments in renewable energy.

Growatt New Energy, Darfon Electronics Corp., Schneider Electric, Siemens, SMA Solar Technology AG, Fimer Group, Eaton, SolarEdge Technologies, Inc., Fronius International GmbH, Hitachi Hi-Rel Power Electronics Private Limited, and Delta Electronics, Inc.