Europe Solar PV Inverter Market Introduction and Overview
According to SPER Market Research, the Europe Solar PV Inverter Market is estimated to reach USD XX million by 2033 with a CAGR of 7.28%.
The report includes an in-depth analysis of the Europe Solar PV Inverter Market, including market size and trends, product mix, distribution channels, and supplier analysis. The solar inverter, which transforms DC power coming from solar panels into AC power, is a crucial component of the solar system. Solar inverters do more than just convert power; they also monitor voltage, enable communication with the grid, and shut down in an emergency. The efficiency and safety of household equipment are ensured by using more on-grid solar inverters since they provide pure sine waves of AC electricity, which off-grid inverters cannot match. Most frequently utilized in residential and utility applications, solar inverters are also finding increased employment in commercial and industrial projects worldwide these days.
- In June 2022: SMA Solar Technology AG declared its intention to construct a solar inverter production plant in Niestetal, Germany. The corporation plans to treble its manufacturing capacity from 21 GW as of 2021 to 40 GW by 2024, which includes the construction of a new gigawatt factory. It is anticipated that work will begin by the end of 2022.
- In April 2022: SMA Solar Technology AG introduced four new solar inverter models with a maximum power output of 135 kW for use in both residential and commercial PV systems. With ratings of 12 kW, 15 kW, 20 kW, and 25 kW, the new Sunny Tripower-X models come equipped with three separate MPP trackers, six-string inputs, and a dedicated system manager.
Market Opportunities and Challenges
Opportunities: Technological Advancements in smart Inverters More advanced power electronics called smart inverters have the ability to make decisions on their own to maintain the stability and dependability of the grid. Intelligent inverters function independently, guaranteeing a constant supply of electricity with no variations in voltage. Intelligent inverters with advanced features like voltage and frequency sensors can identify irregularities in the grid and notify utility operators of them. Additionally, smart inverters improve efficiency in both residential and business applications by enabling two-way communication with utility management centers. The main causes of market expansion during the projection period are the quick development of the renewable energy industry and the ease of installation of solar inverters.
Challenges: The market for solar PV inverters is facing a number of challenges as it works to satisfy the rising demand for solar energy solutions. The requirement for ongoing technological innovation to raise the effectiveness and dependability of inverters is a major obstacle. Inverters need to stay up with the latest developments in solar technology in order to maximize energy output and guarantee system durability. Another difficulty is the unpredictability of solar energy production brought on by variations in the light and weather, which can make it difficult for inverters to produce consistent power output. Furthermore, market dynamics can be influenced by regulatory and policy frameworks, which can affect elements like tariffs, subsidies, and grid interconnection requirements.
Market Competitive Landscape
There is considerable fragmentation in the European market for solar PV inverters. In no specific order, Fimer SpA, Schneider Electric SE, Mitsubishi Electric Corporation, General Electric Company, and Siemens AG are a few of the major companies in the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application
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| Regions covered | Germany, United Kingdom, France, Spain, Rest of Europe
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| Companies Covered | Delta Energy Systems Inc., Fimer SpA, General Electric Company, Huawei Technologies Co Ltd., KACO New Energy GmBH, Mitsubishi Electric Corporation, Omron Corporation, Schneider Electric SE, Siemens AG, SMA Solar Technology AG, Others.
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COVID-19 Impact on Europe Solar PV Inverter Market
The breakout of COVID-19 has led to a decline in demand for solar panels as a result of the government-imposed lockdown measures that have stopped the creation and construction of commercial and industrial solar infrastructure worldwide. The worldwide photovoltaic (PV) inverter market has suffered as a result.
Key Target Audience:
- Residential Consumers
- Commercial Enterprises
- Industrial Users
- Utility Companies
- Government Agencies and Regulators
- Energy Consultants and Analysts
- Renewable Energy Associations and Advocacy Groups
- Financial Institutions and Investors
- Solar PV Inverter Manufacturers and Suppliers
Our in-depth analysis of the Europe Solar PV Inverter Market includes the following segments:
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By Type: |
Central Inverters
String Inverters
Micro Inverters
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By Application: |
Residential
Commercial & Industrial
Utility-Scale
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By Region: |
Germany
United Kingdom
France
Spain
Rest of Europe
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Key Topics Covered in the Report:
- Europe Solar PV Inverter Market Size (FY’2023-FY’2033)
- Overview of Europe Solar PV Inverter Market
- Segmentation of Europe Solar PV Inverter Market By Type (Central Inverters, String Inverters, Micro Inverters)
- Segmentation of Europe Solar PV Inverter Market By Application (Residential, Commercial & Industrial, Utility-Scale)
- Expansion Analysis of Europe Solar PV Inverter Market
- Problems and Obstacles in Europe Solar PV Inverter Market
- Competitive Landscape in the Europe Solar PV Inverter Market
- Impact of COVID-19 and Demonetization on Europe Solar PV Inverter Market
- Details on Current Investment in Europe Solar PV Inverter Market
- Competitive Analysis of Europe Solar PV Inverter Market
- Prominent Players in the Europe Solar PV Inverter Market
- SWOT Analysis of Europe Solar PV Inverter Market
- Europe Solar PV Inverter Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Solar PV Inverter Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Solar PV Inverter Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Solar PV Inverter Market
7. Europe Solar PV Inverter Market, By Type (USD Million)
7.1. Europe Solar PV Inverter Market Value Share and Forecast, By Type, 2024-2033
7.2. Central Inverters
7.3. String Inverters
7.4. Micro Inverters
8. Europe Solar PV Inverter Market, By Application (USD Million)
8.1. Europe Solar PV Inverter Market Value Share and Forecast, By Application, 2024-2033
8.2. Residential
8.3. Commercial & Industrial
8.4. Utility-Scale
9. Europe Solar PV Inverter Market Forecast, 2020-2033 (USD Million)
9.1. Europe Solar PV Inverter Market Size and Market Share
10. Europe Solar PV Inverter Market, By Type, 2020-2033 (USD Million)
10.1. Europe Solar PV Inverter Market Size and Market Share By Type (2020-2026)
10.2. Europe Solar PV Inverter Market Size and Market Share By Type (2027-2033)
11. Europe Solar PV Inverter Market, By Application, 2020-2033 (USD Million)
11.1. Europe Solar PV Inverter Market Size and Market Share By Application (2020-2026)
11.2. Europe Solar PV Inverter Market Size and Market Share By Application (2027-2033)
12. Europe Solar PV Inverter Market, By Region, 2020-2033 (USD Million)
12.1. Europe Solar PV Inverter Market Size and Market Share By Region (2020-2026)
12.2. Europe Solar PV Inverter Market Size and Market Share By Region (2027-2033)
12.3. Germany
12.4. United Kingdom
12.5. France
12.6. Spain
12.7. Rest of Europe
13. Company Profile
13.1. Delta Energy Systems Inc.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Fimer SpA
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. General Electric Company
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Huawei Technologies Co Ltd.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. KACO New Energy GmBH
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Mitsubishi Electric Corporation
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Omron Corporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Schneider Electric SE
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Siemens AG
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. SMA Solar Technology AG
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
