PV Inverter Market Poised for Further Growth - Top Players Shaping Industry: Sungrow Power, Huawei, TBEA, SiNENG, KSTAR, KELONG, EAST, Chint Power, SSE, Samil Power, Growatt, JFY Tech, ZTE Quantum, NEGO

Worldwide Market Reports offers a report on the Global PV Inverter market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends, and forecasts for the period 2021-2027.

The research analysts in their primary research observed that the rapid growth of the Global PV Inverter market over the forecast period is expected to open potential opportunities for the PV Inverter manufacturers in the global market. The Global PV Inverter markets segmented on the basis of the product, end-user, and the geographical region

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PV Inverter is one power transfer apparatus, which is used to transfer the DC power generated through PV to AC power. For the reverse process of rectification, the apparatus is the so-called "inverter".When solar cells are disposed of in sunlight, it produces direct current. However, the supply system in the form of DC power has extremely limited. For example, fluorescent lamps, televisions, refrigerators, electric fans, and so on cannot be used directly with DC power supply, and most electric machinery are as well. In addition, when the power supply needs to increase voltage or lower voltage, it is simply adding a Transformer in an AC power system, while lifting technology of voltage in a DC system is much more complex. Therefore, in addition to direct use of communications, weather, and other special DC power users, the production of electricity need to be equipped with a PV Inverter in PV systems.

Scope of the Report:

At present, the PV Inverter market is occupied by Sungrow Power, Huawei, and Sineng. Foreign companies, such as SMA, ABB, and KACO have entered the domestic market. However, due to the price and delivery of the service, the market share of is not high for the foreign companies. Statistics show that Sungrow Power PV Inverter companies occupy the major market share, the domestic PV power projects almost all selected domestic products.
As is shown in the Figure, the Global PV inverter industry exhibits an upward trend overall. Many opportunities exist in the next five years.

The worldwide market for PV Inverter is expected to grow at a CAGR of roughly 0.3% over the next five years, will reach 6310 million US$ in 2027, from 6200 million US$ in 2019, according to a new WMR (Worldwide market reports) study.

This report focuses on the PV Inverter in the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East, and Africa. This report categorizes the market based on manufacturers, regions, type, and application.

Market Segment by Manufacturers, this report covers
Sungrow Power
Huawei
TBEA
SiNENG
KSTAR
KELONG
EAST
Chint Power
SSE
Samil Power
Growatt
JFY Tech.
ZTE Quantum
NEGO
GoodWe
SAJ
GinLong
Northern Electric (Qingdao)
APS
Omnik
SMA
ABB
Omron
TMEIC
Tabuchi
Advanced Energy
KACO
Schneider
Ingeteam
Fronius
Siemens
Satcon
Enphase
AROS Solar
KOSTAL
STECA
Green Power
Helios Systems
Siliken Electronics
LTI REENERGY

Market Segment by Regions, regional analysis covers
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Segment by Type, covers
Stand-alone inverters
Grid-tie inverters
Battery backup inverters

Market Segment by Applications can be divided into
Residential
Commercial
Others

The content of the study subjects includes a total of 15 chapters:

Chapter 1, describes PV Inverter product scope, market overview, market opportunities, market driving force, and market risks.

Chapter 2, to profile the top manufacturers of PV Inverter, with price, sales, revenue, and global market share of PV Inverter in 2019 and 2020

Chapter 3, the PV Inverter competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the PV Inverter breakdown data are shown at the regional level, to show the sales, revenue, and growth by regions, from 2015 to 2020.

Chapters 5, 6, 7, 8, and 9, to break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2015 to 2020.

Chapter 10 and 11, segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.

Chapter 12, PV Inverter market forecast, by regions, type, and application, with sales and revenue, from 2019 to 2027.

Chapters 13, 14, and 15 describe PV Inverter sales channel, distributors, customers, research findings and conclusion, appendix, and data source.

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