Smart Inverter Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Smart Inverter
Market. Smart Inverter Market Insights The
demand for smart inverters is expected to grow at
a high CAGR over the forecast period on account
of increased demand for renewable energy observed
across the world. The increasing investments
made in developing solar power plants by several
countries are projected to positively impact
market demand over the coming years. The reducing
installation cost of solar panels is also
expected to increase demand over the coming years.
Smart Inverter Market Product Insights On the
basis of product, the smart inverter market is
segmented into central inverters, string
inverters, and micro inverters. The demand for
string inverters occupied a larger share as
compared with central micro inverters. String
inverters enable continuous power supply without
any interruptions. The increase acceptance of
renewable energy coupled with favorable
government policies in the solar power sector is
projected to propel demand over the coming years.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Smart Inverter Market Application
Insights On the basis of application, the smart
inverter market is segmented into commercial,
residential, and utilities. The demand for smart
inverters used for industrial and commercial
power supply and storage is projected to augment
market demand over the forecast period. The
introduction of smart inverters with energy
storage and charging capabilities is also
projected to augment market growth. Large energy
consumption in the industrial and commercial
sector is anticipated to boost the demand for
smart inverters. The rapidly expanding
distributed energy market is also expected to
propel demand for smart inverters over the coming
years. Smart Inverter Market Regional
Insights The demand for smart inverters is
expected to occupy a large share in the European
and North American region. The increasing number
of solar installations and favorable emission
control policies are projected to propel demand
for smart inverters. The demand for smart
inverters is expected to grow at the highest
CAGR in the Asia Pacific region due to expansion
in solar energy capabilities in countries such
as China, Pakistan, Japan, India, and Australia
among others.
Smart Inverter Market Vendor Landscape The
report contains a chapter dedicated to vendors
operating in the market, covering raw material
manufactures, equipment developers,
manufacturers, and distributors. The report
provides these insights on a regional level.
This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of companies.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Smart Inverter Market End-Use
Landscape The report provides a detailed list of
end-users operating across the world. The
end-user landscape includes consumer contact
details, geographical presence, revenue, product
portfolio, organic and inorganic growth
strategies among others. Some of the companies
who are likely to use smart inverter include
Longyangxia Dam Solar Park, Kamuthi Solar Power
Project, and Kurnool Ultra Mega Solar Park among
others. Smart Inverter Market Share
Competitor Analysis Some of the prominent
players in the smart inverter market include
Advanced Energy, ABB Ltd., Eaton, Emerson
Electric, GE Power, Mitsubishi Electric, Omron,
Siemens, TDK, Toshiba, Sungrow Power Supply, SMA
Solar Technology, and Bonfiglioli Riduttori among
others. Companies engaged in the smart inverter
market are engaged in new product development,
product upgradation, and research development
activities to improve their competitive position
in the market. In January 2018, Sungrow Power
Supply launched its 3.125MW 1500VDC Turnkey
Station and SG125HV at the World Future Energy
Summit. These string inverters are equipped for
use in large scale utility plants. In December
2017, Siemens introduced its 5,000 kVA central
inverter for solar PV power plants in India.

• This article contains text from the Global Smart
  Inverter Market Size Analysis - Forecasts To
  2025 report prepared by Global Market Estimates.
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