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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 5.0 Billion by 2030 | 12% | Europe |
| By Type | by Application | by Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Solar Off Grid Inverter Market Overview
The global Solar Off Grid Inverter Market is anticipated to grow from USD 2.26 Billion in 2023 to USD 5.0 Billion by 2030, at a CAGR of 12% during the forecast period.
A solar off-grid inverter is an essential component of standalone solar power systems built for places where connection to the main power grid is limited or unavailable. Off-grid inverters, as opposed to grid-tied inverters that synchronize with the utility grid, are specifically designed to convert direct current (DC) generated by solar panels into alternating current (AC) for use in residential, commercial, or industrial applications without relying on external power sources. These inverters play an important role in off-grid solar systems by controlling energy flow, ensuring that electricity generated by solar panels is stored in batteries and supplied as needed.
Solar off-grid inverters provide characteristics such as battery charging capability, voltage control, and numerous protective measures to ensure a consistent and dependable power supply in standalone systems. They are useful in optimizing energy use, avoiding overcharging or draining of batteries, and delivering continuous power production even when there is no sunshine. This technology allows people and companies in rural or off-grid areas to collect solar energy for their electrical requirements, contributing to sustainable and independent power solutions.
The significance of a solar off-grid inverter lies in its crucial role in providing sustainable and independent power solutions, particularly in locations where connection to the main power grid is limited or absent. This specialized inverter is an essential component of freestanding solar power systems, transforming the direct current (DC) generated by solar panels into useable alternating current (AC). Solar off-grid inverters, as opposed to grid-connected inverters, are designed to work autonomously, ensuring that power generated by solar panels is effectively stored in batteries and delivered as needed.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2030 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2030 |
| Historical period | 2019-2021 |
| Unit | Value (USD Billion) (Thousand Units) |
| Segmentation | By Type, Application and Region |
| By Type |
|
| By Application |
|
| By Region
 |
|
Solar Off Grid Inverter Market Segmentation Analysis
Solar off Grid Inverter Market is divided into three segments. By type, the market is bifurcated into Solar Panel, Battery, Controller, Inverter and Others By application the market is divided into Residential, Non-Residential and Others and region.
Solar Panel is the largest type category in the 3D Printing Technologies market, accounting for more than 40% of the worldwide market share.
This is due to rising demand for solar energy and the growing popularity of 3D printing as a production. Solar panels, which convert sunlight into electrical energy, are the principal energy collecting components. They are an important part of the system because they capture sunlight and generate direct current (DC) power. Battery is the second-largest type category in the 3D Printing Technologies market, accounting for more than 30% of the worldwide market share. This is due to the increased demand for portable 3D printers and the expanding usage of 3D printing in the medical and dentistry industries. Batteries are critical for storing surplus energy generated by solar panels during sunny days. When sunlight is insufficient or unavailable, the stored energy becomes critical. The proportion allocation to batteries indicates the system’s storage capacity and autonomy. Controller is the third-largest type category in the 3D Printing Technologies market, accounting for more than 20% of the worldwide market share. This is due to the rising complexity of 3D printers and the growing desire for user-friendly controls.
Inverter is the fourth-largest type segment in the 3D Printing Technologies market, accounting for over 10% of the global market share. This is due to the increasing use of 3D printing in residential and commercial applications. Inverters transform the direct current (DC) power produced by solar panels and stored in batteries into useable alternating current (AC). This is required for household appliances and other electrical equipment to function. The proportion allotted to inverters shows their importance in facilitating the use of solar energy for a variety of purposes. Others includes a variety of other components and accessories used in 3D printing, such as extruders, nozzles, and filaments. This segment accounted for over 10% of the global market share in 2022.
By application the market is divided into residential, non-Residential and others. The Solar Off-Grid Inverter Market is dominated by residential applications. This is because solar off-grid systems for residences are becoming increasingly popular, especially in places with limited or inconsistent grid connectivity. Residential solar off-grid systems give homeowners with a clean, sustainable, and dependable source of power, allowing them to lessen their reliance on the grid and save money on their electricity bills. Non-residential applications include commercial, industrial, and agricultural uses. Solar off-grid systems are rapidly being employed in various industries to decrease energy costs, increase energy independence, and improve sustainability. Commercial buildings, for example, can employ solar off-grid systems to power their operations, whilst industrial facilities can use them to lessen their dependency on grid power and minimize energy disturbances. The “Others” sector includes applications such as isolated settlements, recreational vehicles, and emergency backup systems. Solar off-grid systems are proven useful in these situations, offering a dependable and ecologically friendly power source where grid access is limited or unavailable. As the need for off-grid power solutions grows, the Solar Off-Grid Inverter Market is likely to increase across all application sectors. Technological developments, government backing, and increased consumer knowledge of the benefits of solar energy will boost the adoption of solar off-grid systems in a variety of residential, non-residential, and other uses.
Solar off-grid inverter Market Trends
- Solar off-grid systems can now produce more electricity with the same amount of sunlight thanks to ongoing advancements in inverter technology that are increasing efficiency. A major trend in energy systems is higher efficiency, which leads to higher energy yield and better overall performance.
- Integration of solar off-grid inverters with cutting-edge energy storage solutions, like lithium-ion batteries, is becoming more and more popular. This makes it possible for off-grid systems to have greater autonomy, more dependable power during times of low sunlight, and improved energy management.
- Smart technology integration into solar inverters is becoming more common. Real-time monitoring, remote control, and data analytics are made possible by smart inverters. This trend increases the overall intelligence of off-grid solar systems, facilitates proactive maintenance, and improves system visibility.
- The use of hybrid solar systems, which blend solar energy with other sustainable energy sources like wind or hydropower, is becoming more and more popular. Particularly in areas with variable weather, hybrid systems offer a more dependable and continuous power supply.
- Solar off-grid systems that are scalable and modular are becoming more common. With these systems, users can begin with a smaller configuration and grow it as their energy needs increase. Because of their versatility, solar off-grid solutions are available to a larger group of customers.
One major trend is the ability to remotely maintain and monitor solar off-grid systems. With the help of this feature, users and service providers can resolve issues without having to physically visit the system, which is especially helpful for remote installations.
Competitive Landscape
The global Solar Off Grid Inverter Market is nearly a consolidated market though offer high competition among the industry participants. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events.
- SMA Solar Technology AG
- Schneider Electric
- Solar Edge Technologies, Inc.
- Enphase Energy, Inc.
- Sungrow Power Supply Co., Ltd.
- Huawei Technologies Co., Ltd.
- Growatt New Energy Technology Co., Ltd.
- Delta Electronics, Inc.
- Ginlong Solis Co., Ltd.
- GoodWe Power Supply Technology Co., Ltd.
- KOSTAL Solar Electric GmbH
- Fronius International GmbH
- Power-One Inc.
- Outback Power Technologies, Inc.
- Victron Energy BV
- Magnum Energy
- Xantrex
- Samwha Electronics Co., Ltd.
- Canadian Solar Inc.
- Trina Solar Limited
Recent Developments:
October 6, 2023: A Solar Edge DC-optimized system was installed on the rooftop of a heavy equipment maintenance facility at Camp Fogarty in East Greenwich, Rhode Island.
November 3, 2023: The KOSTAL Solar Terminal, which KOSTAL Solar Electric presented at Intersolar in Munich, is the new digital platform for all digital business processes at KOSTAL.
Regional Analysis
The dominating region in the Solar off Grid Inverter Market is Europe. Europe accounts for over 30% of the global solar off-grid inverter market share. European governments have adopted rules and incentives to encourage the use of renewable energy, including solar off-grid installations. These policies include feed-in tariffs, net metering, and tax advantages. Because European nations have relatively high-energy costs, solar off-grid installations are more economically viable. Consumers in Europe are becoming more aware of the environmental benefits of solar energy and are choosing for solar off-grid systems to lessen their carbon impact. Europe is a global leader in the design and manufacture of solar off-grid inverters. This provides European businesses with a competitive advantage in the global market.
Target Audience for Solar Off Grid Inverter Market
- Residential Consumers
- Rural and Remote Communities
- Commercial and Industrial Businesses
- Agricultural Sector
- Telecommunications and Infrastructure
- Humanitarian and Non-Governmental Organizations
- Recreational Vehicles (RVs) and Boats
- Educational Institutions
- Individuals and Businesses in Energy-Aware Markets
- Emergency and Disaster Preparedness
- Off-Grid System Integrators and Installers
Import & Export Data for Solar off Grid Inverter Market
Exactitude consultancy provides import and export data for the recent years. It also offers insights on production and consumption volume of the product. Understanding the import and export data is pivotal for any player in the air brake system market. This knowledge equips businesses with strategic advantages, such as:
Solar off Grid Inverter Markets with untapped potential.
Adapting supply chain strategies to optimize cost-efficiency and market responsiveness.
Navigating competition by assessing major players’ trade dynamics.
Key Insights:
Trade Volume Trends: Our report dissects import and export data spanning the last five years to reveal crucial trends and growth patterns within the global air brake system market. This data-driven exploration empowers readers with a deep understanding of the market’s trajectory.
Market Players: Gain insights into the leading players driving the air brake system trade. From established giants to emerging contenders, our analysis highlights the key contributors to the import and export landscape.
Geographical Dynamics: Delve into the geographical distribution of trade activities. Uncover which regions dominate exports and which ones hold the reins on imports, painting a comprehensive picture of the industry’s global footprint.
Product Breakdown: By segmenting data based on air brake system types – DRAM, NAND, and more – we provide a granular view of trade preferences and shifts, enabling businesses to align strategies with the evolving technological landscape.
Import and export data is crucial in reports as it offers insights into global market trends, identifies emerging opportunities, and informs supply chain management. By analyzing trade flows, businesses can make informed decisions, manage risks, and tailor strategies to changing demand. This data aids governments in policy formulation and trade negotiations, while investors use it to assess market potential. Moreover, import and export data contributes to economic indicators, influences product innovation, and promotes transparency in international trade, making it an essential component for comprehensive and informed analyses.
Segments Covered in the Solar Off Grid Inverter Market Report
Solar off Grid Inverter Market by Type
- Solar Panel
- Battery
- Controller
- Inverter
- Others
Solar Off Grid Inverter Market by Application
- Residential
- Commercial
- Industrial
Solar Off Grid Inverter Market by Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Key Question Answered
- What is the expected growth rate of the Solar Off Grid Inverter Market over the next 7 years?
- Who are the major players in the Solar Off Grid Inverter Market and what is their market share?
- What are the end-user industries driving market demand and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, the Middle East, and Africa?
- How is the economic environment affecting the Solar Off Grid Inverter market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the Solar Off Grid Inverter market?
- What is the current and forecasted size and growth rate of the Solar Off Grid Inverter market?
- What are the key drivers of growth in the Solar Off Grid Inverter market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the Solar Off Grid Inverter market?
- What are the technological advancements and innovations in the Solar Off Grid Inverter Market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the Solar Off Grid Inverter Market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the Solar Off Grid Inverter market?
- What are the product products and specifications of leading players in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- SOLAR OFF GRID INVERTER MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON SOLAR OFF GRID INVERTER MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- SOLAR OFF GRID INVERTER MARKET OUTLOOK
- GLOBAL SOLAR OFF GRID INVERTER MARKET BY TYPE, 2020-2029, (USD BILLION) (THOUSAND UNITS)
- SOLAR PANEL
- BATTERY
- CONTROLLER
- INVERTER
- OTHERS
- GLOBAL SOLAR OFF GRID INVERTER MARKET BY APPLICATION, 2020-2029, (USD BILLION) (THOUSAND UNITS)
- RESIDENTIAL
- COMMERCIAL
- INDUSTRIAL
- GLOBAL SOLAR OFF GRID INVERTER MARKET BY REGION, 2020-2029, (USD BILLION) (THOUSAND UNITS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- SMA SOLAR TECHNOLOGY AG
- SCHNEIDER ELECTRIC
- SOLAR EDGE TECHNOLOGIES, INC.
- ENPHASE ENERGY, INC.
- SUNGROW POWER SUPPLY CO., LTD.
- HUAWEI TECHNOLOGIES CO., LTD.
- GROWATT NEW ENERGY TECHNOLOGY CO., LTD.
- DELTA ELECTRONICS, INC.
- GINLONG SOLIS CO., LTD.
- GOODWE POWER SUPPLY TECHNOLOGY CO., LTD.
- KOSTAL SOLAR ELECTRIC GMBH
- FRONIUS INTERNATIONAL GMBH
- POWER-ONE INC.
- OUTBACK POWER TECHNOLOGIES, INC.
- VICTRON ENERGY BV
- MAGNUM ENERGY
- XANTREX
- SAMWHA ELECTRONICS CO., LTD.
- CANADIAN SOLAR INC.
- TRINA SOLAR LIMITED*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2 GLOBAL SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 3 GLOBAL SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4 GLOBAL SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 5 GLOBAL SOLAR OFF GRID INVERTER MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6 GLOBAL SOLAR OFF GRID INVERTER MARKET BY REGION (THOUSAND UNITS), 2020-2029
TABLE 7 NORTH AMERICA SOLAR OFF GRID INVERTER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 8 NORTH AMERICA SOLAR OFF GRID INVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 9 NORTH AMERICA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 11 NORTH AMERICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 13 US SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 14 US SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 15 US SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16 US SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 17 CANADA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18 CANADA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 19 CANADA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20 CANADA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 21 MEXICO SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 22 MEXICO SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 23 MEXICO SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24 MEXICO SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 25 SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 26 SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 27 SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 28 SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 29 SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 30 SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 31 BRAZIL SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 32 BRAZIL SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 33 BRAZIL SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34 BRAZIL SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 35 ARGENTINA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36 ARGENTINA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 37 ARGENTINA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38 ARGENTINA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 39 COLOMBIA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 40 COLOMBIA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 41 COLOMBIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42 COLOMBIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 43 REST OF SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44 REST OF SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 45 REST OF SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46 REST OF SOUTH AMERICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 47 ASIA-PACIFIC SOLAR OFF GRID INVERTER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 48 ASIA-PACIFIC SOLAR OFF GRID INVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 49 ASIA-PACIFIC SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 50 ASIA-PACIFIC SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 51 ASIA-PACIFIC SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 52 ASIA-PACIFIC SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 53 INDIA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 54 INDIA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 55 INDIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56 INDIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 57 CHINA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 58 CHINA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 59 CHINA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 CHINA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 61 JAPAN SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62 JAPAN SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 63 JAPAN SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64 JAPAN SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 65 SOUTH KOREA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 66 SOUTH KOREA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 67 SOUTH KOREA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68 SOUTH KOREA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 69 AUSTRALIA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 70 AUSTRALIA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 71 AUSTRALIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72 AUSTRALIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 73 SOUTH-EAST ASIA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 74 SOUTH-EAST ASIA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 75 SOUTH-EAST ASIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76 SOUTH-EAST ASIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 77 REST OF ASIA PACIFIC SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 78 REST OF ASIA PACIFIC SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 79 REST OF ASIA PACIFIC SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80 REST OF ASIA PACIFIC SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 81 EUROPE SOLAR OFF GRID INVERTER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 82 EUROPE SOLAR OFF GRID INVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 83 EUROPE SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 84 EUROPE SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 85 EUROPE SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 86 EUROPE SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 87 GERMANY SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88 GERMANY SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 89 GERMANY SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90 GERMANY SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 91 UK SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 92 UK SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 93 UK SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94 UK SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 95 FRANCE SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 96 FRANCE SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 97 FRANCE SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98 FRANCE SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 99 ITALY SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100 ITALY SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 101 ITALY SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102 ITALY SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 103 SPAIN SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 104 SPAIN SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 105 SPAIN SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106 SPAIN SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 107 RUSSIA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 108 RUSSIA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 109 RUSSIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110 RUSSIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 111 REST OF EUROPE SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112 REST OF EUROPE SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 113 REST OF EUROPE SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114 REST OF EUROPE SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 115 MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 116 MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 117 MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 118 MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 119 MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 120 MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 121 UAE SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 122 UAE SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 123 UAE SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124 UAE SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 125 SAUDI ARABIA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126 SAUDI ARABIA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 127 SAUDI ARABIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128 SAUDI ARABIA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 129 SOUTH AFRICA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 130 SOUTH AFRICA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 131 SOUTH AFRICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132 SOUTH AFRICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 133 REST OF MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 134 REST OF MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 135 REST OF MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136 REST OF MIDDLE EAST AND AFRICA SOLAR OFF GRID INVERTER MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL SOLAR OFF GRID INVERTER MARKET BY TYPE USD BILLION, 2022-2029
FIGURE 9 GLOBAL SOLAR OFF GRID INVERTER MARKET BY APPLICATION, USD BILLION, 2022-2029
FIGURE 10 GLOBAL SOLAR OFF GRID INVERTER MARKET BY REGION, USD BILLION, 2022-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL SOLAR OFF GRID INVERTER MARKET BY TYPE, USD BILLION, 2021
FIGURE 13 GLOBAL SOLAR OFF GRID INVERTER MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 14 GLOBAL SOLAR OFF GRID INVERTER MARKET BY REGION, USD BILLION, 2021
FIGURE 15 MARKET SHARE ANALYSIS
FIGURE 16 SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT
FIGURE 17 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
FIGURE 18 SOLAR EDGE TECHNOLOGIES, INC.: COMPANY SNAPSHOT
FIGURE 19 ENPHASE ENERGY, INC.: COMPANY SNAPSHOT
FIGURE 19 SUNGROW POWER SUPPLY CO., LTD.: COMPANY SNAPSHOT
FIGURE 19 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
FIGURE 19 GROWATT NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
FIGURE 19 DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT
FIGURE 19 GINLONG SOLIS CO., LTD.: COMPANY SNAPSHOT
FIGURE 19 GOODWE POWER SUPPLY TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
FIGURE 19 KOSTAL SOLAR ELECTRIC GMBH: COMPANY SNAPSHOT
FAQ
The global Solar Off Grid Inverter Market is anticipated to grow from USD 2.26 Billion in 2023 to USD 5.0 Billion by 2030, at a CAGR of 12% during the forecast period.
Europe accounted for the largest market in the Solar off Grid Inverter market.
SMA Solar Technology AG, Schneider Electric, SolarEdge Technologies, Inc.,Enphase Energy, Inc., Sungrow Power Supply Co., Ltd., Huawei Technologies Co., Ltd.,Growatt New Energy Technology Co., Ltd., Delta Electronics, Inc.,Ginlong Solis Co., Ltd.,GoodWe Power Supply Technology Co., Ltd., KOSTAL Solar Electric GmbH,Fronius International GmbH, Power-One Inc., Outback Power Technologies, Inc.,Victron Energy BV, Magnum Energy, Xantrex, Samwha Electronics Co., Ltd., Canadian Solar Inc.,Trina Solar Limited.
Implementation of modern tracking and administration systems that allow users to remotely observe the operation of off-grid solar systems, diagnose problems, and optimize energy output.
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