Europe Solar Inverters Market Forecast to 2028

Report Code : BMIRE00026169 | Region : Europe | Industry : Electronics and Semiconductor | Published Date : 22/Sep/2022

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.

The List of Companies - Europe Solar Inverters Market

● 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.

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. 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

The List of Companies - Europe Solar Inverters Market

● 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.

Reason To Buy

● 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

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