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Global Photovoltaic Off-grid Inverter Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 3/1/2023
  • NO OF PAGES
  • 237
  • CATEGORY
  • Heavy Industry
Photovoltaic Off-grid Inverter market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Photovoltaic Off-grid Inverter market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Photovoltaic Off-grid Inverter manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Photovoltaic Off-grid Inverter market covering all its essential aspects.

Global Photovoltaic Off-grid Inverter Market: Segmentations


Global Photovoltaic Off-grid Inverter Market: By Types
String Inverter
Central Inverter
Microinverters

Global Photovoltaic Off-grid Inverter Market: By Applications
Residential
Business
Public Utilities

Global Photovoltaic Off-grid Inverter Market: Major Players
Huawei
Sungrow Power
SMA
Power Electronics
FIMER
SiNENG
GoodWe
SolarEdge Technologies
Ingeteam
TBEA
KSTAR
Growatt
Siemens (KACO)
Delta Energy Systems
GinLong
Fronius
Schneider Electric
SOFARSOLAR
Darfon Electronics
Powerone Micro System

Global Photovoltaic Off-grid Inverter Market: By Regions
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)


Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Photovoltaic Off-grid Inverter market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Photovoltaic Off-grid Inverter would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Photovoltaic Off-grid Inverter Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Market Overview
1.1 Photovoltaic Off-grid Inverter Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Photovoltaic Off-grid Inverter Revenue by Type: 2017 Versus 2022 Versus 2032
1.2.2 String Inverter
1.2.3 Central Inverter
1.2.4 Microinverters
1.3 Market Analysis by Application
1.3.1 Overview: Global Photovoltaic Off-grid Inverter Revenue by Application: 2017 Versus 2022 Versus 2032
1.3.2 Residential
1.3.3 Business
1.3.4 Public Utilities
1.4 Global Photovoltaic Off-grid Inverter Market Size & Forecast
1.4.1 Global Photovoltaic Off-grid Inverter Sales in Value (2017-2032))
1.4.2 Global Photovoltaic Off-grid Inverter Sales in Volume (2017-2032)
1.4.3 Global Photovoltaic Off-grid Inverter Price by Type (2017-2032) & (USD/Unit)
1.5 Global Photovoltaic Off-grid Inverter Production Capacity Analysis
1.5.1 Global Photovoltaic Off-grid Inverter Total Production Capacity (2017-2032)
1.5.2 Global Photovoltaic Off-grid Inverter Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Photovoltaic Off-grid Inverter Market Drivers
1.6.2 Photovoltaic Off-grid Inverter Market Restraints
1.6.3 Photovoltaic Off-grid Inverter Trends Analysis
2 Manufacturers Profiles
2.1 Huawei
2.1.1 Huawei Details
2.1.2 Huawei Major Business
2.1.3 Huawei Photovoltaic Off-grid Inverter Product and Services
2.1.4 Huawei Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.2 Sungrow Power
2.2.1 Sungrow Power Details
2.2.2 Sungrow Power Major Business
2.2.3 Sungrow Power Photovoltaic Off-grid Inverter Product and Services
2.2.4 Sungrow Power Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.3 SMA
2.3.1 SMA Details
2.3.2 SMA Major Business
2.3.3 SMA Photovoltaic Off-grid Inverter Product and Services
2.3.4 SMA Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.4 Power Electronics
2.4.1 Power Electronics Details
2.4.2 Power Electronics Major Business
2.4.3 Power Electronics Photovoltaic Off-grid Inverter Product and Services
2.4.4 Power Electronics Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.5 FIMER
2.5.1 FIMER Details
2.5.2 FIMER Major Business
2.5.3 FIMER Photovoltaic Off-grid Inverter Product and Services
2.5.4 FIMER Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.6 SiNENG
2.6.1 SiNENG Details
2.6.2 SiNENG Major Business
2.6.3 SiNENG Photovoltaic Off-grid Inverter Product and Services
2.6.4 SiNENG Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.7 GoodWe
2.7.1 GoodWe Details
2.7.2 GoodWe Major Business
2.7.3 GoodWe Photovoltaic Off-grid Inverter Product and Services
2.7.4 GoodWe Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.8 SolarEdge Technologies
2.8.1 SolarEdge Technologies Details
2.8.2 SolarEdge Technologies Major Business
2.8.3 SolarEdge Technologies Photovoltaic Off-grid Inverter Product and Services
2.8.4 SolarEdge Technologies Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.9 Ingeteam
2.9.1 Ingeteam Details
2.9.2 Ingeteam Major Business
2.9.3 Ingeteam Photovoltaic Off-grid Inverter Product and Services
2.9.4 Ingeteam Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.10 TBEA
2.10.1 TBEA Details
2.10.2 TBEA Major Business
2.10.3 TBEA Photovoltaic Off-grid Inverter Product and Services
2.10.4 TBEA Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.11 KSTAR
2.11.1 KSTAR Details
2.11.2 KSTAR Major Business
2.11.3 KSTAR Photovoltaic Off-grid Inverter Product and Services
2.11.4 KSTAR Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.12 Growatt
2.12.1 Growatt Details
2.12.2 Growatt Major Business
2.12.3 Growatt Photovoltaic Off-grid Inverter Product and Services
2.12.4 Growatt Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.13 Siemens (KACO)
2.13.1 Siemens (KACO) Details
2.13.2 Siemens (KACO) Major Business
2.13.3 Siemens (KACO) Photovoltaic Off-grid Inverter Product and Services
2.13.4 Siemens (KACO) Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.14 Delta Energy Systems
2.14.1 Delta Energy Systems Details
2.14.2 Delta Energy Systems Major Business
2.14.3 Delta Energy Systems Photovoltaic Off-grid Inverter Product and Services
2.14.4 Delta Energy Systems Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.15 GinLong
2.15.1 GinLong Details
2.15.2 GinLong Major Business
2.15.3 GinLong Photovoltaic Off-grid Inverter Product and Services
2.15.4 GinLong Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.16 Fronius
2.16.1 Fronius Details
2.16.2 Fronius Major Business
2.16.3 Fronius Photovoltaic Off-grid Inverter Product and Services
2.16.4 Fronius Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.17 Schneider Electric
2.17.1 Schneider Electric Details
2.17.2 Schneider Electric Major Business
2.17.3 Schneider Electric Photovoltaic Off-grid Inverter Product and Services
2.17.4 Schneider Electric Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.18 SOFARSOLAR
2.18.1 SOFARSOLAR Details
2.18.2 SOFARSOLAR Major Business
2.18.3 SOFARSOLAR Photovoltaic Off-grid Inverter Product and Services
2.18.4 SOFARSOLAR Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.19 Darfon Electronics
2.19.1 Darfon Electronics Details
2.19.2 Darfon Electronics Major Business
2.19.3 Darfon Electronics Photovoltaic Off-grid Inverter Product and Services
2.19.4 Darfon Electronics Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
2.20 Powerone Micro System
2.20.1 Powerone Micro System Details
2.20.2 Powerone Micro System Major Business
2.20.3 Powerone Micro System Photovoltaic Off-grid Inverter Product and Services
2.20.4 Powerone Micro System Photovoltaic Off-grid Inverter Sales, Price, Revenue, Gross Margin and Market Share (2017-2022)
3 Photovoltaic Off-grid Inverter Sales by Manufacturer
3.1 Global Photovoltaic Off-grid Inverter Sales in Volume by Manufacturer (2017-2022e)
3.2 Global Photovoltaic Off-grid Inverter Revenue by Manufacturer (2017-2022e)
3.3 Key Manufacturer Market Position in Photovoltaic Off-grid Inverter
3.4 Market Concentration Rate
3.4.1 Top 3 Photovoltaic Off-grid Inverter Manufacturer Market Share
3.4.2 Top 6 Photovoltaic Off-grid Inverter Manufacturer Market Share
3.5 Global Photovoltaic Off-grid Inverter Production Capacity by Company
3.6 Manufacturer by Geography: Head Office and Photovoltaic Off-grid Inverter Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Market Analysis by Region
4.1 Global Photovoltaic Off-grid Inverter Market Size by Region
4.1.1 Global Photovoltaic Off-grid Inverter Sales in Volume by Region (2017-2032)
4.1.2 Global Photovoltaic Off-grid Inverter Revenue by Region (2017-2032)
4.2 North America Photovoltaic Off-grid Inverter Revenue (2017-2032)
4.3 Europe Photovoltaic Off-grid Inverter Revenue (2017-2032)
4.4 Asia-Pacific Photovoltaic Off-grid Inverter Revenue (2017-2032)
4.5 South America Photovoltaic Off-grid Inverter Revenue (2017-2032)
4.6 Middle East and Africa Photovoltaic Off-grid Inverter Revenue (2017-2032)
5 Market Segment by Type
5.1 Global Photovoltaic Off-grid Inverter Sales in Volume by Type (2017-2032)
5.2 Global Photovoltaic Off-grid Inverter Revenue by Type (2017-2032)
5.3 Global Photovoltaic Off-grid Inverter Price by Type (2017-2032)
6 Market Segment by Application
6.1 Global Photovoltaic Off-grid Inverter Sales in Volume by Application (2017-2032)
6.2 Global Photovoltaic Off-grid Inverter Revenue by Application (2017-2032)
6.3 Global Photovoltaic Off-grid Inverter Price by Application (2017-2032)
7 North America by Country, by Type, and by Application
7.1 North America Photovoltaic Off-grid Inverter Sales by Type (2017-2032)
7.2 North America Photovoltaic Off-grid Inverter Sales by Application (2017-2032)
7.3 North America Photovoltaic Off-grid Inverter Market Size by Country
7.3.1 North America Photovoltaic Off-grid Inverter Sales in Volume by Country (2017-2032)
7.3.2 North America Photovoltaic Off-grid Inverter Revenue by Country (2017-2032)
7.3.3 United States Market Size and Forecast (2017-2032)
7.3.4 Canada Market Size and Forecast (2017-2032)
7.3.5 Mexico Market Size and Forecast (2017-2032)
8 Europe by Country, by Type, and by Application
8.1 Europe Photovoltaic Off-grid Inverter Sales by Type (2017-2032)
8.2 Europe Photovoltaic Off-grid Inverter Sales by Application (2017-2032)
8.3 Europe Photovoltaic Off-grid Inverter Market Size by Country
8.3.1 Europe Photovoltaic Off-grid Inverter Sales in Volume by Country (2017-2032)
8.3.2 Europe Photovoltaic Off-grid Inverter Revenue by Country (2017-2032)
8.3.3 Germany Market Size and Forecast (2017-2032)
8.3.4 France Market Size and Forecast (2017-2032)
8.3.5 United Kingdom Market Size and Forecast (2017-2032)
8.3.6 Russia Market Size and Forecast (2017-2032)
8.3.7 Italy Market Size and Forecast (2017-2032)
9 Asia-Pacific by Country, by Type, and by Application
9.1 Asia-Pacific Photovoltaic Off-grid Inverter Sales by Type (2017-2032)
9.2 Asia-Pacific Photovoltaic Off-grid Inverter Sales by Application (2017-2032)
9.3 Asia-Pacific Photovoltaic Off-grid Inverter Market Size by Region
9.3.1 Asia-Pacific Photovoltaic Off-grid Inverter Sales in Volume by Region (2017-2032)
9.3.2 Asia-Pacific Photovoltaic Off-grid Inverter Revenue by Region (2017-2032)
9.3.3 China Market Size and Forecast (2017-2032)
9.3.4 Japan Market Size and Forecast (2017-2032)
9.3.5 Korea Market Size and Forecast (2017-2032)
9.3.6 India Market Size and Forecast (2017-2032)
9.3.7 Southeast Asia Market Size and Forecast (2017-2032)
9.3.8 Australia Market Size and Forecast (2017-2032)
10 South America by Country, by Type, and by Application
10.1 South America Photovoltaic Off-grid Inverter Sales by Type (2017-2032)
10.2 South America Photovoltaic Off-grid Inverter Sales by Application (2017-2032)
10.3 South America Photovoltaic Off-grid Inverter Market Size by Country
10.3.1 South America Photovoltaic Off-grid Inverter Sales in Volume by Country (2017-2032)
10.3.2 South America Photovoltaic Off-grid Inverter Revenue by Country (2017-2032)
10.3.3 Brazil Market Size and Forecast (2017-2032)
10.3.4 Argentina Market Size and Forecast (2017-2032)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Photovoltaic Off-grid Inverter Sales by Type (2017-2032)
11.2 Middle East & Africa Photovoltaic Off-grid Inverter Sales by Application (2017-2032)
11.3 Middle East & Africa Photovoltaic Off-grid Inverter Market Size by Country
11.3.1 Middle East & Africa Photovoltaic Off-grid Inverter Sales in Volume by Country (2017-2032)
11.3.2 Middle East & Africa Photovoltaic Off-grid Inverter Revenue by Country (2017-2032)
11.3.3 Turkey Market Size and Forecast (2017-2032)
11.3.4 Egypt Market Size and Forecast (2017-2032)
11.3.5 Saudi Arabia Market Size and Forecast (2017-2032)
11.3.6 South Africa Market Size and Forecast (2017-2032)
12 Sales Channel, Distributors, Traders and Dealers
12.1 Sales Channel
12.1.1 Direct Marketing
12.1.2 Indirect Marketing
12.2 Photovoltaic Off-grid Inverter Typical Distributors
12.3 Photovoltaic Off-grid Inverter Typical Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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