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Photovoltaic Off-Grid Inverter Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Apr 2023

Report ID: ARC653

Pages : 250

Format : Photovoltaic Off-Grid Inverter Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

CHAPTER 1. Industry Overview of Photovoltaic Off-Grid Inverter Market

1.1. Definition and Scope

1.1.1. Definition of Photovoltaic Off-Grid Inverter

1.1.2. Market Segmentation

1.1.3. Years Considered for the Study

1.1.4. Assumptions and Acronyms Used

1.1.4.1. Market Assumptions and Market Forecast

1.1.4.2. Acronyms Used in Global Photovoltaic Off-Grid Inverter Market

1.2. Summary

1.2.1. Executive Summary 

1.2.2. Photovoltaic Off-Grid Inverter Market By Type of Inverter

1.2.3. Photovoltaic Off-Grid Inverter Market By Application

1.2.4. Photovoltaic Off-Grid Inverter Market By Region

CHAPTER 2. Research Approach

2.1. Methodology 

2.1.1. Research Programs

2.1.2. Market Size Estimation

2.1.3. Market Breakdown and Data Triangulation

2.2. Data Source

2.2.1. Secondary Source

2.2.2. Primary Source

CHAPTER 3. Market Dynamics And Competition Analysis

3.1. Market Drivers

3.1.1. Driver 1

3.1.2. Driver 2

3.2. Restraints and Challenges

3.2.1. Restraint 1

3.2.2. Restraint 2

3.3. Growth Opportunities

3.3.1. Opportunity 1

3.3.2. Opportunity 2 

3.4. Porter’s Five Forces Analysis

3.4.1. Bargaining Power of Suppliers

3.4.2. Bargaining Power of Buyers

3.4.3. Threat of Substitute

3.4.4. Threat of New Entrants

3.4.5. Degree of Competition

3.5. Market Concentration Ratio and Market Maturity Analysis of Photovoltaic Off-Grid Inverter Market

3.5.1. Go To Market Strategy

3.5.1.1. Introduction

3.5.1.2. Growth

3.5.1.3. Maturity

3.5.1.4. Saturation

3.5.1.5. Possible Development

3.6. Technological Roadmap for Photovoltaic Off-Grid Inverter Market

3.7. Value Chain Analysis

3.7.1. List of Key Manufacturers 

3.7.2. List of Customers

3.7.3. Level of Integration

3.8. Price Trend of Key Raw Material

3.8.1. Raw Material Suppliers

3.8.2. Proportion of Manufacturing Cost Structure

3.8.2.1. Raw Material

3.8.2.2. Labor Cost

3.8.2.3. Manufacturing Expense

3.9. Regulatory Compliance

3.10. Competitive Landscape, 2022

3.10.1. Player Positioning Analysis

3.10.2. Key Strategies Adopted By Leading Players

CHAPTER 4. Manufacturing Plant Analysis

4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022

4.2. R&D Status of Major Manufacturers in 2022

CHAPTER 5. Photovoltaic Off-Grid Inverter Market By Type of Inverter

5.1. Introduction

5.2. Photovoltaic Off-Grid Inverter Revenue By Type of Inverter

5.2.1. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast, By Type of Inverter, 2020-2032

5.2.2. Central Inverters

5.2.2.1. Central Inverters Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.3. String Inverters

5.2.3.1. String Inverters Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.4. Microinverters

5.2.4.1. Microinverters Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.5. Hybrid Inverters

5.2.5.1. Hybrid Inverters Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 6. Photovoltaic Off-Grid Inverter Market By Application

6.1. Introduction

6.2. Photovoltaic Off-Grid Inverter Revenue By Application

6.2.1. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast, By Application, 2020-2032

6.2.2. Residential

6.2.2.1. Residential Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.3. Commercial

6.2.3.1. Commercial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.4. Industrial

6.2.4.1. Industrial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 7. North America Photovoltaic Off-Grid Inverter Market By Country 

7.1. North America Photovoltaic Off-Grid Inverter Market Overview

7.2. U.S.

7.2.1. U.S. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

7.2.2. U.S. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

7.3. Canada

7.3.1. Canada Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

7.3.2. Canada Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

7.4. North America PEST Analysis

CHAPTER 8. Europe Photovoltaic Off-Grid Inverter Market By Country

8.1. Europe Photovoltaic Off-Grid Inverter Market Overview

8.2. U.K.

8.2.1. U.K. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

8.2.2. U.K. Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

8.3. Germany

8.3.1. Germany Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

8.3.2. Germany Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

8.4. France

8.4.1. France Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

8.4.2. France Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

8.5. Spain

8.5.1. Spain Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

8.5.2. Spain Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

8.6. Rest of Europe

8.6.1. Rest of Europe Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

8.6.2. Rest of Europe Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

8.7. Europe PEST Analysis

CHAPTER 9. Asia Pacific Photovoltaic Off-Grid Inverter Market By Country

9.1. Asia Pacific Photovoltaic Off-Grid Inverter Market Overview

9.2. China

9.2.1. China Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

9.2.2. China Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

9.3. Japan

9.3.1. Japan Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

9.3.2. Japan Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

9.4. India

9.4.1. India Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

9.4.2. India Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

9.5. Australia

9.5.1. Australia Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

9.5.2. Australia Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

9.6. South Korea

9.6.1. South Korea Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

9.6.2. South Korea Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

9.7. Rest of Asia-Pacific

9.7.1. Rest of Asia-Pacific Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

9.7.2. Rest of Asia-Pacific Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

9.8. Asia Pacific PEST Analysis

CHAPTER 10. Latin America Photovoltaic Off-Grid Inverter Market By Country

10.1. Latin America Photovoltaic Off-Grid Inverter Market Overview

10.2. Brazil

10.2.1. Brazil Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

10.2.2. Brazil Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

10.3. Mexico

10.3.1. Mexico Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

10.3.2. Mexico Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

10.4. Rest of Latin America

10.4.1. Rest of Latin America Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

10.4.2. Rest of Latin America Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

10.5. Latin America PEST Analysis

CHAPTER 11. Middle East & Africa Photovoltaic Off-Grid Inverter Market By Country 

11.1. Middle East & Africa Photovoltaic Off-Grid Inverter Market Overview

11.2. GCC

11.2.1. GCC Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

11.2.2. GCC Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

11.3. South Africa

11.3.1. South Africa Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

11.3.2. South Africa Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

11.4. Rest of Middle East & Africa

11.4.1. Rest of Middle East & Africa Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Type of Inverter, 2020-2032

11.4.2. Rest of Middle East & Africa Photovoltaic Off-Grid Inverter Revenue (USD Billion) and Forecast By Application, 2020-2032

11.5. Middle East & Africa PEST Analysis

CHAPTER 12. Player Analysis Of Photovoltaic Off-Grid Inverter Market

12.1. Photovoltaic Off-Grid Inverter Market Company Share Analysis

12.2. Competition Matrix

12.2.1. Competitive Benchmarking Of Key Players By Price, Presence, Market Share, And R&D Investment

12.2.2. New Product Launches and Product Enhancements

12.2.3. Mergers And Acquisition In Global Photovoltaic Off-Grid Inverter Market

12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements

CHAPTER 13. Company Profile

13.1. SMA Solar Technology AG

13.1.1. Company Snapshot

13.1.2. Business Overview

13.1.3. Financial Overview

13.1.3.1. Revenue (USD Billion), 2022

13.1.3.2. SMA Solar Technology AG 2022 Photovoltaic Off-Grid Inverter Business Regional Distribution

13.1.4. Product/Service and Specification

13.1.5. Recent Developments & Business Strategy

13.2. ABB

13.3. Schneider Electric

13.4. Huawei Technologies Co. Ltd.

13.5. OutBack Power Technologies

13.6. Enphase Energy

13.7. Fronius International GmbH

13.8. Delta Electronics, Inc.

13.9. Victron Energy B.V.

13.10. Sungrow Power Supply Co., Ltd.

13.11. Xantrex Technology Inc.

13.12. Growatt New Energy Technology Co., Ltd.

Frequently Asked Questions

What was the market size of the global photovoltaic off-grid inverter in 2022?

The market size of photovoltaic off-grid inverter was USD 3.4 Billion in 2022.

What is the CAGR of the global photovoltaic off-grid inverter market from 2023 to 2032?

The CAGR of photovoltaic off-grid inverter is 7.7% during the analysis period of 2023 to 2032.

Which are the key players in the photovoltaic off-grid inverter market?

The key players operating in the global market are including SMA Solar Technology AG, ABB, Schneider Electric, Huawei Technologies Co. Ltd., OutBack Power Technologies, Enphase Energy, Fronius International GmbH, Sungrow Power Supply Co., Ltd., Delta Electronics, Inc., Victron Energy B.V., Xantrex Technology Inc., and Growatt New Energy Technology Co., Ltd.

Which region dominated the global photovoltaic off-grid inverter market share?

North America held the dominating position in photovoltaic off-grid inverter industry during the analysis period of 2023 to 2032.

Which region registered fastest CAGR from 2023 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of photovoltaic off-grid inverter during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global photovoltaic off-grid inverter industry?

The current trends and dynamics in the photovoltaic off-grid inverter include increasing demand for renewable energy sources, growing electricity demand in developing countries, and declining cost of solar panels and related components.

Which type of inverter held the maximum share in 2022?

The string inverters type held the maximum share of the photovoltaic off-grid inverter industry.

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