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Asia Pacific Residential Solar Pv Inverter Market
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Asia Pacific Residential Solar Pv Inverter Market

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Asia Pacific Residential Solar PV Inverter Market, By Connector (On-Grid and Off-Grid), By Phase (Single Phase and Three Phase), By Product (Central Inverter, String Inventor, and Micro Inventor), By End-User (Residential, Commercial, Industrial, and Utilities), By Country (China, India, Japan, South Korea, Australia, Thailand, Malaysia, Indonesia, Vietnam, Chile, and Rest of Asia Pacific) Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • Published Date: August 2022
  • Report ID: BWC22301
  • Available Format: PDF
  • Page: 131

Report Overview

Asia-Pacific Residential Solar PV Inverter Market is flourishing owing to growing investments in green infrastructure and technology for generating renewable energy along with the expanding use of power backup systems in numerous industries.

Asia-Pacific Residential Solar PV Inverter Market - Industry Trends & Forecast Report 2028

Asia-Pacific Residential Solar PV Inverter Market is projected to reach USD 4.23 billion by the year 2028. The anticipated expansion of the market is predominantly due to the rising energy consumption, combined with increased investment in renewable projects in emerging markets to fuel market expansion. A solar PV inverter converts the DC output of a solar panel into an alternating current (AC) to supply power. Product uptake is expected to be influenced by increasing technology advancements as well as growing concerns about reducing GHG emissions. Furthermore, a lack of dependable grid infrastructure, followed by frequent power outages, accelerates product deployment. The multiple advantages of solar PV, such as its effectiveness in terms of sustainability, a reduction in the environmental imprint, and low-cost power generation, are expected to propel the technology market in the next years. Rising demand for renewable energy as a result of rising power consumption and decreased renewable power generation costs are expected to drive market growth during the forecast period (2022-2028).

Residential Solar PV Inverter - Overview

A solar inverter, also known as a PV inverter, is a type of power inverter that converts a photovoltaic (PV) solar panel's variable direct current (DC) output into a utility frequency alternating current (AC) that can be fed into a commercial electrical grid or used by a local, off-grid electrical network. One of the most important components of a solar power system is the inverter. A solar inverter turns the energy produced by solar panels into usable electricity that can be used in your house or office. It operates by converting changeable direct current from solar panels to alternating 120V/240V or alternative current output.

Asia-Pacific Residential Solar PV Inverter Market Forecast and Trends

Growth Drivers

Growing Electricity Demand with Clean and Green Energy Sources

In 2020, there will be 7.8 billion people on earth, and 1 billion of them won't have access to electricity, according to the UN. By 2030, there will be 8.6 billion people on the planet, which will result in even greater energy demand. The electrical industry has turned its emphasis to the large-scale integration of renewable energy generation to meet the demand for electricity and increase knowledge about alternative energy sources. Over the past ten years, the production of renewable energy has increased dramatically, continuously above expectations, setting large yearly records, and attracting an increasing number of businesses to invest in their energy transitions. Consumer demand for a more sustainable built environment, ambitious government targets, and adequate planning and policies have all contributed to significant advances in renewable energy.

Rising Government Initiatives

The ASEAN Plan of Action for Energy Cooperation, which was conducted in 2016, set a goal to generate 23% of the nation's electricity from renewable sources by 2025. By offering preferential tariffs and tax benefits, governments in the Asia Pacific region are likely to encourage the development of the renewable energy sector. Moreover, the market for solar (PV) inverters is being driven by the need for rural electrification, technological breakthroughs, increased investments in renewable energy, and rising government backing. The aggressive expansion plans, agreements, and new product developments of the key industry players to expand their product lines are expected to aid in the evolution of the solar (PV) inverter market. During the projected period, these factors are anticipated to propel the market for PV inverters.

Incorporation of Renewable Energy Sources

By 2027, the residential solar PV inverter market is expected to expand significantly due to the incorporation of renewable energy sources and advantageous government programs including the Feed-in Tariff (FiT), subsidies, and tax breaks. Increased operating performance, widespread use, and frequent power outages will all have a favorable impact on product uptake. The market demand is also boosted by the continuous need for energy security, rising urbanization, and rural renewable electrification. Moreover, due to an increase in power outages and the absence of electrification in rural locations, utilities are more likely to adopt more efficient and dependable household solar PV inverter units. Furthermore, reducing the production of existing thermal-based power generation sources, followed by the restoration of ancillary power storage to a secondary power source, will boost the product adoption.

Restraints

High DC Voltages Pose several Safety Issues

PV panels, cables, and other equipment in classic PV systems are energized with high DC voltages. These high DC voltages endanger installation, maintenance workers, and firefighters. High DC voltages are generated by solar inverters with PV arrays, making it difficult to disconnect DC electric equipment from PV arrays using DC isolation switches. When PV modules are connected in series, a high voltage is generated, which can be hazardous to installers during system installation. There is a risk of electric arcs in the presence of short-circuit current, which can result in fire and pose a risk to individuals in the proximity of a PV system. These DC arcs are difficult to extinguish, putting firemen at risk.

Impact of COVID-19 on Asia-Pacific Residential Solar PV Inverter Market

Since solar power systems are preferred in new construction for captive consumption of power and to reduce the carbon footprint of buildings, COVID-19 caused a halt to new construction activities due to lockdown, which decreased demand for solar power system installation in residential and commercial applications. Due to money being redirected to fight the epidemic, prospective residential and commercial clients demand is also anticipated to be on the lower side. As partial or complete lockdowns were implemented to limit the epidemic, businesses across many geographies were also forced to shut down their production plants and services. The lack of supplies increased the cost of purchasing raw materials, which ultimately caused delays in order closures. Therefore, the pandemic has had a short-term detrimental influence on the market for inverters.

Asia-Pacific Residential Solar PV Inverter Market - By Connector

Based on the connector, the Asia-Pacific Residential Solar PV Inverter Market is segmented into On-Grid and Off-Grid. Among these, the on-grid segment accounts for the largest share in the Asia-Pacific Residential Solar PV Inverter Market. In terms of revenue, the on-grid category has the highest share and is likely to maintain its dominance during the forecast period. This increase is related to an increase in investment for the direct provision of electricity rather than battery storage. Furthermore, advantages of using on-grid solar inverters include easy energy feeding, easy installation, cost-efficiency, and managing high electricity demand, all of which are projected to fuel market expansion in the coming years. All these factors propel the growth of the Asia-Pacific Residential Solar PV Inverter Market during a forecast period (2022-2028).

Asia-Pacific Residential Solar PV Inverter Market.png

Asia-Pacific Residential Solar PV Inverter Market – By Phase

Based on phase, the Asia-Pacific Residential Solar PV Inverter Market is segmented into Single Phase and Three Phase. Among these, the three-phase has the biggest share and is expected to maintain its dominance during the projection period. This expansion can be due to the increasing importance of the power generating, distribution, and transmission sectors. Furthermore, the shift from 1,000-volt to 1,500-volt solar arrays resulted in larger PV power plants in large residential and commercial installations, fueling the growth of the three-phase solar (PV) inverter market throughout the projection period. All these factors boost the growth of the Asia-Pacific Residential Solar PV Inverter Market during the forecast period (2022-2028).

Asia-Pacific Residential Solar PV Inverter Market - By Product

Based on product, the Asia-Pacific Residential Solar PV Inverter Market is segmented into Central Inverter, String Inventor, and Micro Inventor. The central inverter segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). This is owing to an increase in demand for central inverters from major residential and commercial applications. Furthermore, the increased construction sector and the installation of renewable energy infrastructure in developing economies such as China, India, Japan, and others are predicted to drive demand for central inverters from 2022 to 2030. This influences the central inverter segment to dominate the market share in the upcoming years.

Asia-Pacific Residential Solar PV Inverter Market - By Country

Based on country, the Asia-Pacific Residential Solar PV Inverter Market is segmented into China, India, Japan, South Korea, Australia, Thailand, Malaysia, Indonesia, Vietnam, Chile, and the Rest of Asia Pacific. Among these, India dominates the market share. Due to rising greenhouse emission targets and rising energy consumption, the India residential solar PV inverter market would experience spectacular growth throughout the forecast period. Favorable government regulations and tax breaks for solar energy projects will boost market demand even more. For instance, the Indian government wants to get 40% of its energy from renewable sources by 2022, including a sub-target of 40 GW from the rooftop solar industry. Additionally, the market will develop because of the ease with which these units can transport electricity, their cheaper cost, and their high level of supply reliability.

Competitive Landscape

The leading market players in the Asia-Pacific Residential Solar PV Inverter Market are SMA Solar Technology, General Electric, Sungrow, Darfon Electronics, Schneider Electric, Enphase Energy, Siemens, Fimer Group, Eaton Corporation, SolarEdge Technologies, Huawei Technologies, Hitachi Hi-Rel Power Electronics Private Limited.

The Asia-Pacific Residential Solar PV Inverter Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

 

Recent Development

  • In March 2022, Huawei Technologies signed a strategic cooperation agreement with Meienergy Technology Co., Ltd for providing a smart PV and energy storage system for the 1 GW utility PV plant and 500 MWh energy storage system in Ghana which is developed by Meienergy.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Product Service/Segmentation By Connector, By Phase, By Product, By End-User, By Country. 
Key Players SMA Solar Technology, General Electric, Sungrow, Darfon Electronics, Schneider Electric, Enphase Energy, Siemens, Fimer Group, Eaton Corporation, SolarEdge Technologies, Huawei Technologies, Hitachi Hi-Rel Power Electronics Private Limited

 

 

By Connector

  • On-Grid
  • Off-Grid

By Phase

  • Single Phase
  • Three Phase

By Product

  • Central Inverter
  • String Inventor
  • Micro Inventor

By End-User

  • Residential
  • Commercial
  • Industrial
  • Utilities

By Country

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Vietnam
  • Chile
  • Rest of Asia Pacific

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Asia-Pacific Residential Solar PV Inverter Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Advancement/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Asia-Pacific Residential Solar PV Inverter Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
        1. On-Grid
        2. Off-Grid
      2. By Phase
        1. Single Phase
        2. Three Phase
      3. By Product
        1. Central Inverter
        2. String Inventor
        3. Micro Inventor
      4. By End-User
        1. Residential
        2. Commercial
        3. Industrial
        4. Utilities
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Thailand
        7. Malaysia
        8. Indonesia
        9. Vietnam
        10. Chile
        11. Rest of Asia Pacific
  6. China Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  7. India Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  8. Japan Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  9. South Korea Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  10. Australia Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  11. Thailand Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  12. Malaysia Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  13. Indonesia Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  14. Vietnam Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  15. Chile Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  16. Rest of Asia Pacific Residential Solar PV Inverter Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Connector
      2. By Phase
      3. By Product
      4. By End-User
  17. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
  18. Impact of Covid-19 on Asia-Pacific Residential Solar PV Inverter Industry
  19. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. SMA Solar Technology
    2. General Electric
    3. Sungrow
    4. Darfon Electronics
    5. Schneider Electric
    6. Enphase Energy
    7. Siemens
    8. Fimer Group
    9. Eaton Corporation
    10. SolarEdge Technologies
    11. Huawei Technologies
    12. Hitachi Hi-Rel Power Electronics Private Limited
  20. Key Strategic Recommendations

 

Note: Financial in Formation in case of non-listed companies will be provided as per the availability. The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1        Asia-Pacific Residential Solar PV Inverter Segmentation

Figure 2        Asia-Pacific Residential Solar PV Inverter Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Asia-Pacific Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 5        Asia-Pacific Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 6        Asia-Pacific Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 7        Asia-Pacific Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 8        Asia-Pacific Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 9        Asia-Pacific Residential Solar PV Inverter Market Share, By Region, By Value, 2018-2028

Figure 10       China Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 11       China Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 12       China Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 13       China Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 14       China Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 15       China Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

Figure 16       India Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 17       India Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 18       India Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 19       India Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 20       India Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 21       India Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

Figure 22       Japan Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 23       Japan Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 24       Japan Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 25       Japan Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 26       Japan Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 27       Japan Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

Figure 28       South Korea Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 29       South Korea Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 30       South Korea Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 31       South Korea Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 32       South Korea Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 33       South Korea Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

Figure 34       Australia Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 35       Australia Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 36       Australia Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 37       Australia Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 38       Australia Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 39       Australia Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028 

Figure 40       Thailand Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 41       Thailand Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 42       Thailand Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 43       Thailand Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 44       Thailand Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 45       Thailand Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

Figure 46       Malaysia Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 47       Malaysia Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 48       Malaysia Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 49       Malaysia Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 50       Malaysia Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 51       Malaysia Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

Figure 52       Indonesia Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 53       Indonesia Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 54       Indonesia Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 55       Indonesia Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 56       Indonesia Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 57       Indonesia Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

Figure 58       Vietnam Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 59       Vietnam Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 60       Vietnam Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 61       Vietnam Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 62       Vietnam Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 63       Vietnam Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

Figure 58       Chile Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 59       Chile Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 60       Chile Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 61       Chile Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 62       Chile Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 63       Chile Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

Figure 64       Rest of the Asia-Pacific Residential Solar PV Inverter Market Size, By Value (USD Million), 2018-2028

Figure 65       Rest of the Asia-Pacific Residential Solar PV Inverter Market Share, By Connector, By Value, 2018-2028

Figure 66       Rest of the Asia-Pacific Residential Solar PV Inverter Market Share, By Phase Mode, By Value, 2018-2028

Figure 67       Rest of the Asia-Pacific Residential Solar PV Inverter Market Share, By Product, By Value, 2018-2028

Figure 68       Rest of the Asia-Pacific Residential Solar PV Inverter Market Share, By End-User, By Value, 2018-2028

Figure 69       Rest of the Asia-Pacific Residential Solar PV Inverter Market Share, By Country, By Value, 2018-2028

 

List of Tables

 

Table 1         Asia-Pacific Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 2         Asia-Pacific Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 3         Asia-Pacific Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 4         Asia-Pacific Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 5         Asia-Pacific Residential Solar PV Inverter Market Size, By Region, By Value, 2018-2028

Table 6         China Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 7         China Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 8         China Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 9         China Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 10        China Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 11        India Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 12        India Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 13        India Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 14        India Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 15        India Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 16        Japan Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 17        Japan Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 18        Japan Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 19        Japan Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 20        Japan Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 21        South Korea Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 22        South Korea Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 23        South Korea Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 24        South Korea Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 25        South Korea Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 26        Australia Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 27        Australia Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 28        Australia Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 29        Australia Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 30        Australia Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 31        Thailand Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 32        Thailand Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 33        Thailand Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 34        Thailand Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 35        Thailand Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 36        Malaysia Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 37        Malaysia Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 38        Malaysia Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 39        Malaysia Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 40        Malaysia Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 41        Indonesia Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 42        Indonesia Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 43        Indonesia Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 44        Indonesia Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 45        Indonesia Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 46        Vietnam Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 47        Vietnam Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 48        Vietnam Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 49        Vietnam Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 50        Vietnam Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 51        Chile Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 52        Chile Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 53        Chile Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 54        Chile Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 56        Chile Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 57        Rest of the Asia-Pacific Residential Solar PV Inverter Market Size, By Connector, By Value, 2018-2028

Table 58        Rest of the Asia-Pacific Residential Solar PV Inverter Market Size, By Phase Mode, By Value, 2018-2028

Table 59        Rest of the Asia-Pacific Residential Solar PV Inverter Market Size, By Product, By Value, 2018-2028

Table 60        Rest of the Asia-Pacific Residential Solar PV Inverter Market Size, By End-User, By Value, 2018-2028

Table 61        Rest of the Asia-Pacific Residential Solar PV Inverter Market Size, By Country, By Value, 2018-2028

Table 62        SMA Solar Technology Company Overview

Table 63        SMA Solar Technology Financial Overview

Table 64        General Electric Company Overview

Table 65        General Electric Financial Overview

Table 66        Sungrow Company Overview

Table 67        Sungrow Financial Overview

Table 68        Darfon Electronics Company Overview

Table 69        Darfon Electronics Financial Overview

Table 70        Schneider Electric Company Overview

Table 71        Schneider Electric Financial Overview

Table 72        Enphase Energy Company Overview

Table 73        Enphase Energy Financial Overview

Table 62        Siemens Company Overview

Table 63        Siemens Financial Overview

Table 64        Fimer Group Company Overview

Table 65        Fimer Group Financial Overview

Table 64        Eaton Corporation Company Overview

Table 65        Eaton Corporation Financial Overview

Table 66        SolarEdge Technologies Company Overview

Table 67        SolarEdge Technologies Financial Overview

Table 68        Huawei Technologies Company Overview

Table 69        Huawei Technologies Financial Overview

Table 70        Hitachi Hi-Rel Power Electronics Private Limited Company Overview

Table 71        Hitachi Hi-Rel Power Electronics Private Limited Financial Overview

Table 72        TMEIC Company Overview

Table 73        Danone Financial Overview

Table 66        Panasonic Corporation Company Overview

Table 67        Yili Group Financial Overview

Table 68        Ginlong Technologies Company Overview

Table 69        Sodilaal Financial Overview

 

 

Market Segmentation

By Connector

  • On-Grid
  • Off-Grid

By Phase

  • Single Phase
  • Three Phase

By Product

  • Central Inverter
  • String Inventor
  • Micro Inventor

By End-User

  • Residential
  • Commercial
  • Industrial
  • Utilities

By Country

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Vietnam
  • Chile
  • Rest of Asia Pacific
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Frequently Asked Questions (FAQs):

Ans: India has the largest share in the Asia-Pacific Residential Solar PV Inverter Market.
Ans: Three-phase has the largest share in the Asia-Pacific Residential Solar PV Inverter Market.
Ans: The major factors driving the growth of the Asia-Pacific Residential Solar PV Inverter Market are growing investments in green infrastructure and technology for generating renewable energy along with the expanding use of power backup systems in numerous industries.
Ans: The key players in the Asia-Pacific Residential Solar PV Inverter Market are SMA Solar Technology, General Electric, Sungrow, Darfon Electronics, Schneider Electric, Enphase Energy, Siemens, Fimer Group, Eaton Corporation, SolarEdge Technologies, Huawei Technologies, Hitachi Hi-Rel Power Electronics Private Limited.
Ans: The on-grid segment accounted for the largest share in the Asia-Pacific Residential Solar PV Inverter Market.