Asia Pacific Solar Inverters Market Forecast to 2028

Report Code : BMIRE00026162 | Region : Asia Pacific | Industry : Electronics and Semiconductor | Published Date : 20/Sep/2022
Asia Pacific 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 Asia Pacific solar inverters market is expected to reach US$ 8499.59 million by 2028 from US$ 4852.40 million in 2022; it is estimated to grow at a CAGR of 9.8% from 2022 to 2028.

Various schemes are currently being launched to encourage the domestic use of solar power, with the governments working toward establishing solar power as a primary energy source. Installing solar rooftop systems helps people generate electricity and use it for different purposes, including residential, commercial, and even industrial. Several regional governments launched various schemes to encourage the implementation of rooftop solar panels to make it easier. For instance, in January 2022, the Ministry of New and Renewable Energy mentioned that households are free to get rooftop solar panels installed by themselves or by any vendor of their choice, and a photograph of the installed system for distribution utility is sufficient to avail benefits or subsidy under the government scheme. Earlier under the rooftop solar scheme, the households were required to get that from the listed vendors only to avail of the benefits and subsidies under the scheme. The decision to simplify the rooftop solar scheme was taken in a review meeting chaired by the union minister of power and new and renewable Energy on January 19, 2022, as per a statement by the ministry. The subsidy to be given by the Indian government, which is 40% for the rooftop of up to 3 kilowatts (KW) capacity and 20% beyond that up to 10 KW, is credited to the account of the householder by the Discom within 30 days of the installation. Further, in September 2019, those planning to install rooftop panels can avail of priority sector loans of up to 10 lakhs from nationalized banks. According to the Ministry of New and Renewable Energy, the central government pays 30% of the benchmarked installation cost for the photovoltaic rooftop system. This is for the states in the general category, while the states and union territories (UTs) in the special category, such as Uttarakhand, Himachal Pradesh, Sikkim, Jammu & Kashmir, and Lakshadweep, get up to 70% of the predetermined installation cost.

The rising number of solar installations attributed to government-led incentives and schemes is propelling the demand for solar inverters, driving the APAC solar inverters market. The Asia Pacific solar inverters market is expected to grow at a good CAGR during the forecast period.

Asia Pacific Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Solar Inverters Market Segmentation

The Asia Pacific 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 Asia Pacific 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 Asia Pacific solar inverters market in 2022. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment would lead the Asia Pacific solar inverters market in 2022. By country, the Asia Pacific solar inverters market is segmented into China, Japan, India, South Korea, Australia, and the Rest of APAC. China would dominate the Asia Pacific solar inverters market in 2022.

FIMER S.a.p, Delta Electronics; Enertechups, GOODWE; Power Electronics S.L, Powerone Micro Systems Pvt. Ltd, Sineng Electric, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in the Asia Pacific solar inverters market.

The List of Companies - Asia Pacific Solar Inverters Market

● FIMER S.a.p.

● Delta Electronics.

● Enertechups.

● GOODWE.

● Power Electronics S.L.

● Powerone Micro Systems Pvt.Ltd.

● Sineng Electric.

● SMA Solar Technology AG.

● SolarEdge Technologies.

● Hitachi Hi-Rel Power Electronic Pvt.

TABLE OF CONTENTS

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. APAC Solar Inverters Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 APAC

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC 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 – APAC Market Analysis

6.1 APAC Solar Inverters Market Revenue Forecast and Analysis

7. APAC Solar Inverters Market Analysis – By Type

7.1 Overview

7.2 APAC Solar Inverters Market Breakdown, By Type, 2021 and 2028

7.3 Central

7.3.1 Overview

7.3.2 Central: APAC Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

7.4 String

7.4.1 Overview

7.4.2 String: APAC Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

7.5 Micro

7.5.1 Overview

7.5.2 Micro: APAC Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

8. APAC Solar Inverters Market Analysis – By System Type

8.1 Overview

8.2 APAC Solar Inverters Market Breakdown, By System Type, 2021 and 2028

8.3 On-Grid

8.3.1 Overview

8.3.2 On-Grid: APAC Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

8.4 Off-Grid

8.4.1 Overview

8.4.2 Off-Grid: APAC Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

9. APAC Solar Inverters Market Analysis – By End User

9.1 Overview

9.2 APAC Solar Inverters Market Breakdown, By End User, 2021 and 2028

9.3 Residential

9.3.1 Overview

9.3.2 Residential: APAC Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

9.4 Commercial

9.4.1 Overview

9.4.2 Commercial: APAC Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

9.5 Utility

9.5.1 Overview

9.5.2 Utility: APAC Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

10. APAC Solar Inverters Market – Country Analysis

10.1 APAC: Solar Inverters Market

10.1.1 Overview

10.1.2 APAC Solar Inverters Market Breakdown, by Country

10.1.3 APAC Solar Inverters Market Breakdown, by Country

10.1.3.1 Australia Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.1.1 Australia APAC Solar Inverters Market Breakdown, By Type

10.1.3.1.2 Australia APAC Solar Inverters Market Breakdown, By System Type

10.1.3.1.3 Australia APAC Solar Inverters Market Breakdown, By End User

10.1.3.2 China Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.2.1 China APAC Solar Inverters Market Breakdown, By Type

10.1.3.2.2 China APAC Solar Inverters Market Breakdown, By System Type

10.1.3.2.3 China APAC Solar Inverters Market Breakdown, By End User

10.1.3.3 India Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.3.1 India APAC Solar Inverters Market Breakdown, By Type

10.1.3.3.2 India APAC Solar Inverters Market Breakdown, By System Type

10.1.3.3.3 India APAC Solar Inverters Market Breakdown, By End User

10.1.3.4 Japan Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.4.1 Japan APAC Solar Inverters Market Breakdown, By Type

10.1.3.4.2 Japan APAC Solar Inverters Market Breakdown, By System Type

10.1.3.4.3 Japan APAC Solar Inverters Market Breakdown, By End User

10.1.3.5 South Korea Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.5.1 South Korea APAC Solar Inverters Market Breakdown, By Type

10.1.3.5.2 South Korea APAC Solar Inverters Market Breakdown, By System Type

10.1.3.5.3 South Korea APAC Solar Inverters Market Breakdown, By End User

10.1.3.6 Rest of APAC Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)

10.1.3.6.1 Rest of APAC APAC Solar Inverters Market Breakdown, By Type

10.1.3.6.2 Rest of APAC Solar Inverters Market Breakdown, By System Type

10.1.3.6.3 Rest of APAC 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 Enertechups

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 GOODWE

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 Power Electronics S.L.

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 Powerone Micro Systems Pvt.Ltd

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 Sineng Electric

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 SMA Solar Technology AG

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

12.9 SolarEdge Technologies Inc.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Hitachi Hi-Rel Power Electronics Pvt Ltd.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             APAC Solar Inverters Market Revenue Forecast and Forecast to 2028 (US$ Million)

Table 2.             APAC Solar Inverters Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 3.             Australia Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 4.             Australia Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)

Table 5.             Australia Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 6.             China Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 7.             China Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)

Table 8.             China Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 9.             India Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 10.          India Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)

Table 11.          India Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 12.          Japan Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 13.          Japan Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)

Table 14.          Japan Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 15.          South Korea Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 16.          South Korea Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)

Table 17.          South Korea Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 18.          Rest of APAC Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)

Table 19.          Rest of APAC Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)

Table 20.          Rest of APAC Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 21.          List of Abbreviation

The List of Companies - Asia Pacific Solar Inverters Market

● FIMER S.a.p.

● Delta Electronics.

● Enertechups.

● GOODWE.

● Power Electronics S.L.

● Powerone Micro Systems Pvt.Ltd.

● Sineng Electric.

● SMA Solar Technology AG.

● SolarEdge Technologies.

● Hitachi Hi-Rel Power Electronic Pvt.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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

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