South America Solar Inverters Market Forecast to 2028 – COVID

South America 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)

Report Code : BMIRE00026325 | Region : LAMEA | Industry : Electronics and Semiconductor | Published Date : 26/Sep/2022

The South America solar inverters market is expected to reach US$ 766.27 million by 2028 from US$ 532.47 million in 2022; it is estimated to grow at a CAGR of 6.3% 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 inverters has been increasing day by day. Smart inverters 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 inverters 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 inverters technology in the solar inverters category will create future opportunities for the South America solar inverters market players. The South America solar inverters market is expected to grow at a good CAGR during the forecast period.

South America Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

South America Solar Inverters Market Segmentation

The South America 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 South 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 South 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 South America solar inverters market in 2022. By country, the South America solar inverters market is segmented into Brazil, Argentina, and the Rest of South America. Brazil would dominate the South America solar inverters market in 2022.

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

At 6.3%CAGR, the South America Solar Inverters Market is speculated to be worth US$ 766.27 million by 2028, says The Insight Partners

According to the Insight Partners’ research, the South America Solar Inverters market was valued at US$ 532.47 million in 2022 and is expected to reach US$ 766.27 million by 2028, registering an annual growth rate of 6.3% from 2022 to 2028.Technological innovations in solar inverters and schemes and technological innovations in solar inverters are the critical factors attributed to the market expansion.

Various schemes are currently being launched to encourage the domestic use of solar power with the worldwide governments working towards establishing solar power as a primary energy source. Installing solar rooftop systems help people generate electricity and use it for different purposes, including residential, commercial, and even industrial. To make it easier, Indian central and state governments launched various schemes to encourage the implementation of rooftop solar panels.

Thus, the rising number of solar installations attributed to government-led incentives and schemes propel the demand for solar inverters, which drives the solar inverters market growth.

On the contrary, challenges faced in issues safety risks associated with high dc voltages in solar inverters hurdles the growth of the South America Solar Inverters market.

based on type, the South America Solar Inverters market is segmented into central, string, and micro. the central held 55.05% market share in 2022, amassing US$ 293.12 million. It is projected to garner US$ 411.65 million by 2028 to expand at 5.8% CAGR during 2022–2028.

Based on system type, the South America Solar Inverters market is segmented into on-grid and off-grid. The on-grid held 71.56% market share in 2022, amassing US$ 381.01 million. It is projected to garner US$ 537.36 million by 2028 to expand at 5.9% CAGR during 2022–2028.

Based on end user, the South America Solar Inverters market is segmented into residential, commercial, and utility. The commercial held 39.17% market share in 2022, amassing US$ 208.58 million. It is projected to garner US$ 300.41 million by 2028 to expand at 6.3% CAGR during 2022–2028.

Based on country, the South America Solar Inverters market has been categorized into the Brazil, Argentina, and Rest of SAM. Our regional analysis states that Brazil captured 70.04% market share in 2022. It was assessed at US$ 372.92 million in 2022 and is likely to hit US$ 536.42 million by 2028, exhibiting a CAGR of 6.2% during the forecast period.

Key players dominating the South America Solar Inverters market are Delta Electronics, GOODWE, Sineng Electric, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt.Ltd, among others.

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. SAM Solar Inverters Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. SAM 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 – SAM Market Analysis

6.1 SAM Solar Inverters Market Revenue Forecast and Analysis

7. SAM Solar Inverters Market Analysis – By Type

7.1 Overview

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

7.3 Central

7.3.1 Overview

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

7.4 String

7.4.1 Overview

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

7.5 Micro

7.5.1 Overview

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

8. SAM Solar Inverters Market Analysis – By System Type

8.1 Overview

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

8.3 On-Grid

8.3.1 Overview

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

8.4 Off-Grid

8.4.1 Overview

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

9. SAM Solar Inverters Market Analysis – By End User

9.1 Overview

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

9.3 Residential

9.3.1 Overview

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

9.4 Commercial

9.4.1 Overview

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

9.5 Utility

9.5.1 Overview

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

10. SAM Solar Inverters Market – Country Analysis

10.1 SAM: Solar Inverters Market

10.1.1 Overview

10.1.2 SAM Solar Inverters Market Breakdown, By Country

10.1.3 SAM Solar Inverters Market Breakdown, By Country

10.1.3.1 Brazil Solar Inverters Market, Revenue and Forecast to 2028

10.1.3.1.1 Brazil SAM Solar Inverters Market Breakdown, By Type

10.1.3.1.2 Brazil SAM Solar Inverters Market Breakdown, By System Type

10.1.3.1.3 Brazil SAM Solar Inverters Market Breakdown, By End User

10.1.3.2 Argentina Solar Inverters Market, Revenue and Forecast to 2028

10.1.3.2.1 Argentina SAM Solar Inverters Market Breakdown, By Type

10.1.3.2.2 Argentina SAM Solar Inverters Market Breakdown, By System Type

10.1.3.2.3 Argentina SAM Solar Inverters Market Breakdown, By End User

10.1.3.3 Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028

10.1.3.3.1 Rest of SAM Solar Inverters Market Breakdown, By Type

10.1.3.3.2 Rest of SAM Solar Inverters Market Breakdown, By System Type

10.1.3.3.3 Rest of SAM 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 Sineng Electric

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 SMA Solar Technology AG

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 SolarEdge Technologies Inc.

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 Hitachi Hi-Rel Power Electronics Pvt Ltd.

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

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             SAM Solar Inverters Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 2.             Brazil Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)

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

Table 4.             Brazil Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 5.             Argentina Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)

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

Table 7.             Argentina Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 8.             Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)

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

Table 10.          Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 11.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           SAM Solar Inverters Market Segmentation

Figure 2.           SAM Solar Inverters Market Segmentation – By Country

Figure 3.           SAM Solar Inverters Market Overview

Figure 4.           SAM Solar Inverters Market, by Type

Figure 5.           SAM Solar Inverters Market, by System Type

Figure 6.           SAM Solar Inverters Market, by End User

Figure 7.           SAM Solar Inverters Market, by Country

Figure 8.           SAM: PEST Analysis

Figure 9.           SAM Solar inverters Market- Ecosystem Analysis

Figure 10.        SAM Expert Opinion

Figure 11.        SAM Solar Inverters Market: Impact Analysis of Drivers and Restraints

Figure 12.        SAM Solar Inverters Market Revenue Forecast and Analysis (US$ Million)

Figure 13.        SAM Solar Inverters Market Revenue Share, By Type (2021 and 2028)

Figure 14.        Central: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        String: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Micro: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        SAM Solar Inverters Market Revenue Share, By System Type (2021 and 2028)

Figure 18.        On-Grid: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Off-Grid: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        SAM Solar Inverters Market Revenue Share, By End User (2021 and 2028)

Figure 21.        Residential: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Commercial: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Utility: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        SAM Solar Inverters Market Breakdown, By Country, 2021 & 2028 (%)

Figure 25.        SAM Solar Inverters Market Breakdown, By Country, 2021 & 2028 (%)

Figure 26.        Brazil Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)

Figure 27.        Argentina Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)

Figure 28.        Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)

The List of Companies - South America Solar Inverters Market

● Delta Electronics.

● GOODWE.

● 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 South America 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 the South America 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 South America 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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