Europe Solar Inverters Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Central, String, and Micro), System Type (On-Grid and Off-Grid), and End User (Residential, Commercial, and Utility)
The Europe solar inverters market is expected to reach US$ 3,152.01 million by 2028 from US$ 1,912.65 million in 2022; it is estimated to grow at a CAGR of 8.7% from 2022 to 2028.
Due to the high penetration level of distributed energy resources (DER), the grid poses many complex challenges to the functioning of inverters. As a solution for these common problems, smart inverters come into play by solving most of the problems of the traditional system. Since smart inverters work autonomously, they have a positive impact on the implemented residential sector, as well as the national power grid. Due to the stress, the traditional grid requires constant maintenance, but smart inverters could help address these localized challenges and grow the system's flexibility. Smart inverters allow two-way communication with utility control centers. In addition, advanced capabilities such as voltage and frequency sensors allow smart inverters to detect grid abnormalities and send feedback to utility operators. The necessity of a smart solar inverter has been increasing day by day. Smart inverter technology provides some advantages to residential, commercial, and utility-scale solar, which includes high redundancy through a distributed alternating current (AC) architecture that reduces system cost and improves operations and maintenance. Smart inverters function as the brain of photovoltaic (PV) systems, which are responsible for monitoring, communications, smart energy management, grid interaction, storage, and safety. Further, Delta's smart solar inverter solutions enable smart and cost-effective designs for industrial and small utility-scale PV power plants by maximizing energy yields even in challenging landscapes and locations. Smart inverters will have more direct current (DC) overloading options, flexible maximum power point tracking (MPPT) channels, fuse-less or in-line fuse options, and wireless communication systems. Thus, smart inverter technology in the solar inverter category will create future opportunities for the Europe solar inverters market players. The Europe solar inverter market is expected to grow at a good CAGR during the forecast period.
Europe Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Europe Solar Inverters Market Segmentation
The Europe solar inverters market is segmented into type, system type, end user, and country. Based on type, the market is segmented into central, string, and micro. The central segment would lead the North America solar inverters market in 2022. Based on system type, the market is bifurcated into on-grid and off-grid. The on-grid segment would dominate the North America solar inverters market in 2022. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment would lead the Europe solar inverters market in 2022. By country, the Europe solar inverters market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe would lead the Europe solar inverters market.
FIMER S.a.p, Delta Electronics, GOODWE, Power Electronics S.L, Sineng Electric, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in the Europe solar inverter market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Solar inverters Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Solar inverters Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Number of Solar Installations attributed to Government-led Incentives and Schemes
5.1.2 Growing Residential Solar Rooftop Installations
5.2 Market Restraints
5.2.1 Safety Risks Associated with High DC Voltages in Solar Inverters
5.3 Market Opportunities
5.3.1 Increasing Investments in Renewable Energy Sector
5.4 Future Trends
5.4.1 Technological Innovations in Solar Inverters
5.5 Impact Analysis of Drivers and Restraints
6. Solar inverters – Europe Market Analysis
6.1 Europe Solar inverters Market Revenue Forecast and Analysis
7. Europe Solar Inverters Market Analysis – By Type
7.1 Overview
7.2 Solar Inverters Market Breakdown, By Type, 2021 and 2028
7.3 Central
7.3.1 Overview
7.3.2 Central: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
7.4 String
7.4.1 Overview
7.4.2 String: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
7.5 Micro
7.5.1 Overview
7.5.2 Micro: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Solar Inverters Market Analysis – By System Type
8.1 Overview
8.2 Solar Inverters Market Breakdown, By System Type, 2021 and 2028
8.3 On-Grid
8.3.1 Overview
8.3.2 On-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
8.4 Off-Grid
8.4.1 Overview
8.4.2 Off-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Solar Inverters Market Analysis – By End User
9.1 Overview
9.2 Solar Inverters Market Breakdown, By End User, 2021 and 2028
9.3 Residential
9.3.1 Overview
9.3.2 Residential: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
9.5 Utility
9.5.1 Overview
9.5.2 Utility: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
10. Europe Solar Inverters Market – Country Analysis
10.1 Europe: Solar Inverters Market
10.1.1 Overview
10.1.2 Europe Solar Inverters Market Breakdown, by Country
10.1.3 Europe Solar Inverters Market Breakdown, by Country
10.1.3.1 Germany Solar Inverters Market, Revenue and Forecast to 2028
10.1.3.1.1 Germany Solar Inverters Market Breakdown, By Type
10.1.3.1.2 Germany Solar Inverters Market Breakdown, By System Type
10.1.3.1.3 Germany Solar Inverters Market Breakdown, By End User
10.1.3.2 France Solar Inverters Market, Revenue and Forecast to 2028
10.1.3.2.1 France Solar Inverters Market Breakdown, By Type
10.1.3.2.2 France Solar Inverters Market Breakdown, By System Type
10.1.3.2.3 France Solar Inverters Market Breakdown, By End User
10.1.3.3 Italy Solar Inverters Market, Revenue and Forecast to 2028
10.1.3.3.1 Italy Solar Inverters Market Breakdown, By Type
10.1.3.3.2 Italy Solar Inverters Market Breakdown, By System Type
10.1.3.3.3 Italy Solar Inverters Market Breakdown, By End User
10.1.3.4 UK Solar Inverters Market, Revenue and Forecast to 2028
10.1.3.4.1 UK Solar Inverters Market Breakdown, By Type
10.1.3.4.2 UK Solar Inverters Market Breakdown, By System Type
10.1.3.4.3 UK Solar Inverters Market Breakdown, By End User
10.1.3.5 Russia Solar Inverters Market, Revenue and Forecast to 2028
10.1.3.5.1 Russia Solar Inverters Market Breakdown, By Type
10.1.3.5.2 Russia Solar Inverters Market Breakdown, By System Type
10.1.3.5.3 Russia Solar Inverters Market Breakdown, By End User
10.1.3.6 Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028
10.1.3.6.1 Rest of Europe Solar Inverters Market Breakdown, By Type
10.1.3.6.2 Rest of Europe Solar Inverters Market Breakdown, By System Type
10.1.3.6.3 Rest of Europe Solar Inverters Market Breakdown, By End User
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 FIMER S.p.A.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Delta Electronics, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 GOODWE
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Power Electronics S.L.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sineng Electric
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SMA Solar Technology AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SolarEdge Technologies Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Hitachi Hi-Rel Power Electronics Pvt Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Solar inverters Market Revenue Forecast and Forecast to 2028 (US$ Million)
Table 2. Europe Solar Inverters Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. Germany Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 4. Germany Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
Table 5. Germany Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 6. France Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 7. France Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
Table 8. France Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 9. Italy Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 10. Italy Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
Table 11. Italy Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 12. UK Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 13. UK Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
Table 14. UK Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 15. Russia Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 16. Russia Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
Table 17. Russia Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 18. Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
Table 19. Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
Table 20. Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Solar Inverters Market Segmentation
Figure 2. Europe Solar Inverters Market Segmentation – By Country
Figure 3. Europe Solar Inverters Market Overview
Figure 4. Europe Solar Inverters Market, by Type
Figure 5. Europe Solar Inverters Market, by System Type
Figure 6. Europe Solar Inverters Market, by End User
Figure 7. Europe Solar Inverters Market, by Country
Figure 8. Europe: PEST Analysis
Figure 9. Europe Solar inverters Market- Ecosystem Analysis
Figure 10. Europe Expert Opinion
Figure 11. Europe Solar Inverters Market: Impact Analysis of Drivers and Restraints
Figure 12. Europe Solar inverters Market Revenue Forecast and Analysis (US$ Million)
Figure 13. Europe Solar Inverters Market Revenue Share, By Type (2021 and 2028)
Figure 14. Central: Europe Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe String: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Micro: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Solar Inverters Market Revenue Share, By System Type (2021 and 2028)
Figure 18. Europe On-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Off-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Solar Inverters Market Revenue Share, By End User (2021 and 2028)
Figure 21. Europe Residential: Europe Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Commercial: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Utility: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Solar Inverters Market Breakdown, by Country, 2021 & 2028(%)
Figure 25. Europe Solar Inverters Market Breakdown, by Country, 2021 & 2028(%)
Figure 26. Germany Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 27. France Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 28. Italy Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 29. UK Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 30. Russia Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 31. Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
- FIMER S.a.p.
- Delta Electronics.
- GOODWE.
- Power Electronics S.L.
- Sineng Electric.
- SMA Solar Technology AG.
- SolarEdge Technologies.
- Hitachi Hi-Rel Power Electronic Pvt.Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe Solar Inverters market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in Europe Solar Inverters market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the solar inverters market as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.