Press release
Solar Inverters Market Growth Opportunities, Key Players, and Threads Analysis Forecasts 2022-2028
According to our latest market study, titled "Solar Inverters Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, System Type, and End User," the market is projected to reach US$ 16,327.06 million by 2028 from US$ 9,806.67 million in 2022. It is expected to grow at a CAGR of 8.9% from 2022 to 2028.Increasing Investments in Renewable Energy Sector to Create Lucrative Opportunities for Solar Inverters Market during 2022-2028
Investment in solar energy has improved significantly along with economic growth. However, there are significant country-by-country variations. According to the International Energy Agency (IEA), global energy demand increased by 4.6% in 2021, offsetting the 4% contraction in 2020. The anticipated investment growth in 2021 was a mixture of a cyclical response to economic recovery and a structural shift in capital flows toward cleaner technologies. After staying flat in 2020, global power sector investment increased by around 5% in 2021 to more than US$ 820 billion, according to the IEA estimates. The Renewables energy sector dominates investment in new power generation. In 2021, it was estimated to account for 70% of the total of US$ 530 billion spent on all new generation capacity. Investment in the renewable energy sector has increased due to well-established supply chains and the presence of lenders and financiers who understand that these sectors are seeking sustainable projects. ABB Ltd; Delta Electronics, Inc.; Enertechups; GOODWE; Power Electronics S.L.; Powerone Micro Systems Pvt.Ltd; Sineng Electric; SMA Solar Technology AG; Solaredge Technologies Inc.; and Hitachi Hi-Rel Power Electronics Pvt Ltd. are a few essential market players operating in the global solar inverters market. Several other market players have also been analyzed to understand the solar inverters market.
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In 2020, a halt in the construction of new housing projects in urban areas hampered Europe's real estate industry growth. This has inflated real estate prices and unfair competition among licensed accommodation providers. Furthermore, in 2020, France and Spain experienced a decline in housing permits. Therefore, the solar inverters market had experienced a slowdown in 2020. During the COVID-19 pandemic in 2020, multiple supply chain disruptions occurred across various industries. The solar inverters market was adversely affected due to the discontinuation of operations of several industries, including process and discrete industries. According to the World Manufacturing Production Statistics by the United Nations Industrial Development Organization (UNIDO), for the second quarter (April-June) of 2020, the manufacturing outcome of Europe decreased by 19.3%, making it the worst-affected industrialized region. Most manufacturing companies temporarily closed their factories or minimized production operations, which resulted in global trade loss. These factors hindered the solar inverters market in Europe in 2020.
PDF Sample Report covers Research Requirement, also including impact analysis of COVID-19 on Solar Inverters market.
Major Product Type of Solar Inverters Market Research report:
• Central
• String
• Micro
Application Solar Inverters Market Research Report:
• Residential
• Commercial
• Utility
Key Offerings:
• Market Size & Forecast by Revenue | 2028
• Market Dynamics - Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation - A detailed analysis by product, types, end-user, applications, segments, and geography
• Competitive Landscape - Top key vendors and other prominent vendors.
Solar Inverters Market Regional and Country-wise Analysis:
• North America (U.S., Canada, Mexico)
• Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
• Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)
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Key Factors covered are:
1. To characterize, portray, and check the Solar Inverters market based on product type, application, and region.
2. To estimate and inspect the size of the Solar Inverters market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
3. To estimate and inspect the Solar Inverters markets at country-level in every region.
4. To strategically investigate every sub-market about personal development trends and its contribution to the Solar Inverters market.
5. To look at possibilities in the Solar Inverters market for shareholder by recognizing excessive-growth segments of the market.
Key Highlights & Touch Points of the Solar Inverters Market Worldwide for the Forecast Year 2028
• Broad data on variables that will enhance the development of the Solar Inverters market over the forthcoming years
• Precise assessment of the worldwide Solar Inverters market size exact assessments of the forthcoming patterns and changes saw in the customer conduct
• Development of the worldwide Solar Inverters market across the North and South America, Asia Pacific, EMEA, and Latin America
• Data about Solar Inverters market development potential
• Top to bottom investigation of the business' serious scene and itemized data opposite on different merchants
• Outfitting of itemized data on the elements that will control the development of the Solar Inverters markets
Purchase a copy of Solar Inverters Market research report @ https://www.theinsightpartners.com/buy/TIPRE00009372/?utm_source=OpenPR&utm_medium=10657
Related Report - https://www.marketwatch.com/press-release/5g-chipset-market-insight-on-the-important-factors-and-trends-influencing-the-industry-forecasts-2020-2027-2022-11-23?mod=search_headline
Related Report - https://www.marketwatch.com/press-release/power-electronics-market-2028-by-types-application-technology-opportunities-end-users-and-regions-the-insight-partners-2022-11-23?mod=search_headline
Related Report - https://www.marketwatch.com/press-release/embedded-antenna-system-market-business-growth-development-factors-applications-and-future-prospects-forecasts-2021-2028-2022-11-24?mod=search_headline
Related Report - https://www.marketwatch.com/press-release/irrigation-automation-market-growth-trends-current-demand-and-development-report-forecasts-2020-2027-2022-11-24?mod=search_headline
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please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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