Asia-Pacific Solar Inverter Market- Industry Analysis Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Country-wise Growth Analysis and Identification, Competitive Positioning Review & Market Size Forecast to 2029

7.3%
CAGR (2021-2029)
3.95 USD Bn.
Market Size
260
Report Pages
82
Market Tables

Overview

Asia Pacific Solar Inverter Market size is expected to reach nearly US$ 3.95 Bn. by 2029 with the CAGR of 7.3% during the forecast period.

Asia Pacific Solar Inverter Market

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The global solar market in 2021 was dominated by Asia, accounting for over half of the world’s addition of solar capacity. The regions installed solar capacity reached 280 GW by the end of 2021, dominated by China with 175 GW. The European Union represented the world’s second-largest solar PV market, mainly driven by Germany with 45 GW cumulative installed capacity by the end of 2021, followed by North America with 55 GW of which the United States accounted for 90%. Asia would continue to lead global solar PV installations, with 65% of the total capacity installed by 2030.

Within Asia significant deployment would be seen in China, where installed capacity is projected to reach around 1 412 GW by 2030. North America would have the second-highest installed solar PV capacity, reaching 437 GW by 2030, with more than 90% of these installations in the United States. Europe would represent the third-highest region by 2030, with 291 GW of solar PV capacity installed. A similar picture is expected on a 2050 horizon, when Asia would still dominate the scene at almost half of the cumulative global capacity installed (4 837 GW). Within Asia, China would dominate the scene, with a CAGR of 9% after 2021 leading to projected capacity of around 2 803 GW by 2050.

Asia-Pacific is home to many developing countries, including China and India, where there is considerable growth in solar Photovoltaic (PV) installations. Japan and Australia are other major solar PV installations markets in the region. The region is also the global center for the manufacture of solar energy system, with Japan, China and Taiwan being the major manufacturers and home to some of the top global solar PV supplier companies. The Asia-Pacific region will surpass Europe to become the largest contributor to global solar Photovoltaic (PV) installed capacity, increasing its cumulative installed capacity from 63.3 (GW) in 2014 to 345.33 GW by 2029.

North America would still have the second-largest installed capacity, reaching 1 728 GW by 2050, with the United States still dominating the region. Europe could still hold the third place among regions in 2050, with 891 GW of total solar PV capacity installed. More than 22% of these installations would be in Germany, where the installed capacity is projected to reach around 200 GW by 2050. Even though installed capacity may remain highest in Asia, North America and Europe, market growth seems likely to shift to other regions, with large markets also expected to emerge in South America and Africa.

Asia-Pacific Solar Inverter Market Scope: Inquire before buying

Asia-Pacific Solar Inverter Market, by Technology:

• Central Inverter
• String Inverter
• Micro Inverter
• Others

Asia-Pacific Solar Inverter Market, by Application:

• Utility Scale
• Residential Scale
• Small Commercial Scale
• Large Commercial Scale
• Industrial Scale

Asia-Pacific Solar Inverter Market, by Country:

• China
• India
• Japan
• ASEAN
• Rest of Asia-Pacific

Asia-Pacific Solar Inverter Market Key Players:

• Emerson Electric Company.
• Schneider Electric Co
• Power-one Inc.
• SMA Solar Technology AG
• CO New Energy
• Huawei Technologie
• Sungrow Power Supply
• SMA Solar Technology
• Power Electronic
• ABB
• Sineng
• Goodwe
• Solar Edge Technologies
• Ingeteam
• TBEA Sunoasis
• GE Solar Inverter
• ONE-SOLAR INVERTER
• Vinayak Batteries & Solar Inverter
• S.k power service

Frequently Asked Questions:

1. Which region has the largest share in Asia-Pacific Solar Inverter Market?
Ans: North America held the highest share in 2021.

2. What is the growth rate of Asia-Pacific Solar Inverter Market?
Ans: The Asia-Pacific Solar Inverter Market is growing at a CAGR of 7.3% during forecasting period 2022-2029.

3. What is scope of the Asia-Pacific Solar Inverter market report?
Ans: Asia-Pacific Solar Inverter Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Asia-Pacific Solar Inverter market?
Ans: The important key players in the Asia-Pacific Solar Inverter Market are – Emerson Electric Company., Schneider Electric Co, Power-one Inc., SMA Solar Technology AG, CO New Energy, Huawei Technologie, Sungrow Power Supply, SMA Solar Technology, Power Electronic, ABB, Sineng, Goodwe, Solar Edge Technologies, Ingeteam, TBEA Sunoasis, GE Solar Inverter, ONE-SOLAR INVERTER, Vinayak Batteries & Solar Inverter, and S.k power service

5. What is the study period of this market?
Ans: The Asia-Pacific Solar Inverter Market is studied from 2021 to 2029.

Table of Contents

Asia-Pacific Solar Inverter Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Asia-Pacific Solar Inverter Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Asia-Pacific Solar Inverter Market Analysis and Forecast 6.1.  Solar Inverter Market Size & Y-o-Y Growth Analysis 6.1.1. China 6.1.2. India 6.1.3. Japan 6.1.4. ASEAN 6.1.5. Rest of Asia-Pacific 7. Asia-Pacific Solar Inverter Market Analysis and Forecast, by Technology 7.1. Introduction and Definition 7.2. Key Findings 7.3. Asia-Pacific Solar Inverter Market Value Share Analysis, by Technology 7.4. Asia-Pacific Solar Inverter Market Size (US$ Mn) Forecast, by Technology 7.5. Asia-Pacific Solar Inverter Market Analysis, by Technology 7.6. Asia-Pacific Solar Inverter Market Attractiveness Analysis, by Technology 8. Asia-Pacific Solar Inverter Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Asia-Pacific Solar Inverter Market Value Share Analysis, by Application 8.4. Asia-Pacific Solar Inverter Market Size (US$ Mn) Forecast, by Application 8.5. Asia-Pacific Solar Inverter Market Analysis, by Application 8.6. Asia-Pacific Solar Inverter Market Attractiveness Analysis, by Application 9. Asia-Pacific Solar Inverter Market Analysis, by Country 9.1. Asia-Pacific Solar Inverter Market Value Share Analysis, by Region 9.2. Asia-Pacific Solar Inverter Market Size (US$ Mn) Forecast, by Region 9.3. Asia-Pacific Solar Inverter Market Attractiveness Analysis, by Region 10. Asia Pacific Solar Inverter Market Analysis 10.1. Key Findings 10.2. Asia Pacific Solar Inverter Market Overview 10.3. Asia Pacific Solar Inverter Market Value Share Analysis, by Technology 10.4. Asia- Pacific Solar Inverter Market Forecast, by Technology 10.4.1. Central Inverter 10.4.2. String Inverter 10.4.3. Micro Inverter 10.4.4. Others 10.5. Asia-Pacific Solar Inverter Market Forecast, by Application 10.5.1. Utility Scale 10.5.2. Residential Scale 10.5.3. Small Commercial Scale 10.5.4. Large Commercial Scale 10.5.5. Industrial Scale 10.6. Asia Pacific Solar Inverter Market Value Share Analysis, by Country 10.7. Asia Pacific Solar Inverter Market Forecast, by Country 10.7.1. China 10.7.2. India 10.7.3. Japan 10.7.4. ASEAN 10.7.5. Rest of Asia Pacific 10.8. Asia Pacific Solar Inverter Market Analysis, by Country 10.9. China Solar Inverter Market Forecast, by Technology 10.9.1. Central Inverter 10.9.2. String Inverter 10.9.3. Micro Inverter 10.9.4. Others 10.10. China Solar Inverter Market Forecast, by Application 10.10.1. Utility Scale 10.10.2. Residential Scale 10.10.3. Small Commercial Scale 10.10.4. Large Commercial Scale 10.10.5. Industrial Scale 10.11. India Solar Inverter Market Forecast, by Technology 10.11.1. Central Inverter 10.11.2. String Inverter 10.11.3. Micro Inverter 10.11.4. Others 10.12. India Solar Inverter Market Forecast, by Application 10.12.1. Utility Scale 10.12.2. Residential Scale 10.12.3. Small Commercial Scale 10.12.4. Large Commercial Scale 10.12.5. Industrial Scale 10.13. Japan Solar Inverter Market Forecast, by Technology 10.13.1. Central Inverter 10.13.2. String Inverter 10.13.3. Micro Inverter 10.13.4. Others 10.14. Japan Solar Inverter Market Forecast, by Application 10.14.1. Utility Scale 10.14.2. Residential Scale 10.14.3. Small Commercial Scale 10.14.4. Large Commercial Scale 10.14.5. Industrial Scale 10.15. ASEAN Solar Inverter Market Forecast, by Technology 10.15.1. Central Inverter 10.15.2. String Inverter 10.15.3. Micro Inverter 10.15.4. Others 10.16. ASEAN Solar Inverter Market Forecast, by Application 10.16.1. Utility Scale 10.16.2. Residential Scale 10.16.3. Small Commercial Scale 10.16.4. Large Commercial Scale 10.16.5. Industrial Scale 10.17. Rest of Asia-Pacific Solar Inverter Market Forecast, by Technology 10.17.1. Central Inverter 10.17.2. String Inverter 10.17.3. Micro Inverter 10.17.4. Others 10.18. Rest of Asia-Pacific Solar Inverter Market Forecast, by Application 10.18.1. Utility Scale 10.18.2. Residential Scale 10.18.3. Small Commercial Scale 10.18.4. Large Commercial Scale 10.18.5. Industrial Scale 10.19. Asia Pacific Solar Inverter Market Attractiveness Analysis 10.19.1. By Technology 10.19.2. By Application 10.20. PEST Analysis 10.21. Key Trends 10.22. Key Developments 11. Company Profiles 11.1. Market Share Analysis, by Company 11.2. Competition Matrix 11.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 11.2.2. New Product Launches and Product Enhancements 11.2.3. Market Consolidation 11.2.3.1. M&A by Regions, Investment and Applications 11.2.3.2. M&A Key Players, Forward Integration and Backward Integration 11.3. Company Profiles: Key Players 11.3.1. Emerson Electric Company 11.3.1.1. Company Overview 11.3.1.2. Financial Overview 11.3.1.3. Product Portfolio 11.3.1.4. Business Strategy 11.3.1.5. Recent Developments 11.3.1.6. Company Footprint 11.3.2. Schneider Electric Co 11.3.3. Power-one Inc. 11.3.4. SMA Solar Technology AG 11.3.5. CO New Energy 11.3.6. Huawei Technologie 11.3.7. Sungrow Power Supply 11.3.8. SMA Solar Technology 11.3.9. Power Electronic 11.3.10. ABB 11.3.11. Sineng 11.3.12. Goodwe 11.3.13. Solar Edge Technologies 11.3.14. Ingeteam 11.3.15. TBEA SunoasisUbeam 11.3.16. GE Solar Inverter 11.3.17. ONE-SOLAR INVERTER 11.3.18. Vinayak Batteries & Solar Inverter 11.3.19. S.k power service 12. Primary Key Insights