Home > Energy & Power > Electrical Equipment > Solar Parts and Components > Single Phase PV Inverter Market

Single Phase PV Inverter Market Share

Report ID: GMI9940
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Single Phase PV Inverter Market Share

Single Phase PV Inverter Company Market Share

Eminent players are focusing on continuous innovation to enhance performance, efficiency, and reliability of single-phase PV inverters by developing advanced maximum power point tracking algorithms, integrating smart grid capabilities, improving thermal management systems, and enhancing monitoring and control functionalities. Companies are increasing collaborations with PV module manufacturers, EPC contractors, distributors, and utilities enabling them to strengthen their market presence and expand their reach globally.

Single Phase PV Inverter Market Companies

Eminent players operating in the single phase PV inverter industry are:

APsystems
Chint Power Systems
Enphase Energy
Eaton
Fronius International GmbH
GOODWE
Huawei Technologies Co., Ltd
INVTSolar
NingBo Deye Inverter Technology Co.Ltd
Solaredge Technologies, Inc
Statcon Energiaa
SUNGROW
UTL Solar
Victron Energy B.V.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of single phase PV inverter reached USD 4.5 billion in 2023 and is set to witness 5.5% CAGR between 2024 and 2032, due to the rising demand for renewable energy and increasing technological advancements.

The residential segment in the single phase PV inverter industry is poised to grow at 5.8% CAGR through 2032, owing to the rising demand for cost saving solutions allowing homeowners to generate their electricity and increasing investments in improving the home value.

Europe market is anticipated to reach USD 2.8 Billion by 2032, attributed to the rising initiatives such as feed-in tariffs, renewable energy targets, tax incentives, and subsidies for solar PV installations are bolstering the product demand.

APsystems, Chint Power Systems, Enphase Energy, Eaton, Fronius International GmbH, GOODWE, Huawei Technologies Co., Ltd, INVTSolar, and NingBo Deye Inverter Technology Co.Ltd, among others.