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電力設備太陽光發電

市場調查報告書

商品編碼

1623244

2024 年至 2031 年太陽能光電逆變器市場（按產品類型、連接類型、應用和地區劃分）

Solar PV Inverters Market By Product Type (Central Inverter, String Inverter, Micro Inverter), Connection Type (On-Grid, Off-Grid), Application (Residential, Commercial, Industrial, Utilities), Region for 2024-2031

出版日期: 2024年09月13日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

價格

簡介目錄

2024 年至 2031 年光電逆變器市場評估

全球太陽能發電裝置的快速成長正在推動對光電逆變器的需求。因此，全球太陽能產能的增加將推動市場規模的成長，到2024年將超過104.3億美元，到2031年將達到160.4億美元的估值。

包括逆變器在內的太陽能電池組件價格下降，使得太陽能變得更經濟實惠。因此，由於太陽能發電系統成本下降，2024 年至 2031 年期間市場將以 6.10% 的複合年增長率成長。

太陽能逆變器市場定義/概述

光伏 (PV) 逆變器是太陽能發電系統的關鍵組件，可將太陽能板產生的直流電 (DC) 轉換為交流電 (AC)，供家庭、企業和電網使用。作為太陽能發電系統的系統平衡 (BOS) 的一部分，逆變器可確保太陽能可用於為標準交流電器供電或輸入電網。太陽能逆變器配備了先進的功能，例如最大功率點追蹤 (MPPT) 以優化能量輸出和防孤島保護以確保電網中斷期間的安全和穩定。

太陽能逆變器由功率電晶體、變壓器和先進的軟體控制等關鍵部件組成，這使得它們對於廣泛的應用至關重要。應用包括住宅和商業建築、農業、交通、遠端電力系統甚至太空技術。透過實現太陽能的實際利用，逆變器可以促進能源獨立、幫助保護環境並減少碳足跡。此外，還有經濟效益，例如透過上網電價系統獲得收入的潛力。太陽能逆變器對於推動世界向再生能源轉型、提高各個領域的永續性和能源效率至關重要。

對併網太陽能系統不斷增長的需求將如何推動太陽能逆變器市場的成長？

向電網連接太陽能裝置的轉變增加了對電網相容逆變器的需求。根據國際再生能源機構（IRENA）的數據，2021年全球併網太陽能光電裝置容量將成長22%，達到843GW。逆變器效率和功能的技術進步。逆變器技術的不斷改進正在推動市場成長。根據歐洲光伏技術與創新平台（ETIP PV）2022年發佈的報告，光伏逆變器的平均效率將從2010年的96%提高到2022年的98%以上，最高效率預計能達到99 % 有模型可以實現這一點。

微型逆變器和電源優化器的採用日益增加。模組級電力電子的趨勢正在擴大逆變器市場。根據國際能源總署 (IEA) 的數據，預計 2022 年全球太陽能光電容量將達到 191GW，比 2021 年成長 31%。國際能源總署預測，到2025年，太陽能光電年安裝量將達到300吉瓦，顯示該產業將持續成長。許多國家都推出了鼓勵採用太陽能發電的政策，從而推動了逆變器市場的發展。美國太陽能產業協會 (SEIA) 報告稱，2022 年通膨削減法案中投資稅收抵免 (ITC) 的延長預計將推動太陽能安裝量到 2027 年增加 69%。

高昂的前期成本和電網整合課題阻礙了太陽能逆變器市場的成長？

太陽能逆變器的初始成本可能是採用的重大障礙。根據美國國家再生能源實驗室（NREL）2021年發佈的報告，美國公共規模太陽能發電系統的逆變器成本約佔總系統成本的5%。隨著太陽能越來越普及，電網營運商面臨維持穩定性和電能品質的課題。美國能源資訊署報告稱，到2022年，太陽能將占美國總發電量的3%左右。這種整合程度的提高引發了某些地區對電網穩定性的擔憂。

政策和政策變化可能會影響市場成長。美國太陽能產業協會 (SEIA) 指出，美國 28 個州正在考慮在 2022 年改變其淨計量政策，這將直接影響太陽能發電系統的經濟性和逆變器需求。全球事件或供應鏈問題可能會影響逆變器的生產和可用性。快速的技術進步導致人們擔心當前的投資將會過時。國際能源總署（IEA）在其2021年《光伏應用趨勢》中報告稱，逆變器的使用壽命通常為10至20年，而太陽能電池板的使用壽命為25至30年。

A solar photovoltaic (PV) inverter is a key component in solar energy systems, converting the direct current (DC) generated by solar panels into alternating current (AC) for use in homes, businesses, or the power grid. As part of the photovoltaic system's balance of system (BOS), the inverter ensures that solar energy can be used to power standard AC appliances or be fed back into the electrical grid. Solar PV inverters are equipped with advanced features like maximum power point tracking (MPPT) to optimize energy output and anti-islanding protection to ensure safety and stability during grid outages.

Solar PV inverters consist of critical components such as power transistors, transformers, and sophisticated software controls, making them essential for a wide range of applications. These include residential and commercial buildings, agricultural operations, transportation, remote power systems, and even space technology. By enabling the practical use of solar energy, inverters help promote energy independence, support environmental conservation, and reduce carbon footprints. Additionally, they offer economic benefits such as potential income through feed-in tariffs. Solar PV inverters are integral to advancing the global transition toward renewable energy, enhancing both sustainability and energy efficiency across various sectors.

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How Does the Growing Demand for Grid-connected Solar Systems Surge the Growth of the Solar PV Inverters Market?

The shift towards grid-tied solar installations is increasing the need for grid-compatible inverters. According to the International Renewable Energy Agency (IRENA), grid-connected solar PV capacity grew by 22% in 2021, reaching 843 GW globally. Technological advancements in inverter efficiency and functionality. Ongoing improvements in inverter technology are driving market growth. A 2022 report by the European Technology and Innovation Platform for Photovoltaics (ETIP PV) stated that the average efficiency of PV inverters increased from 96% in 2010 to over 98% in 2022, with some models achieving up to 99% efficiency.

Rising adoption of microinverters and power optimizers. The trend towards module-level power electronics is expanding the inverter market. According to the International Energy Agency (IEA), global solar PV capacity additions reached 191 GW in 2022, a 31% increase from 2021. The IEA projects that annual solar PV additions will reach 300 GW by 2025, indicating sustained growth in the sector. Many countries are implementing policies to encourage solar adoption, boosting the inverter market. The U.S. Solar Energy Industries Association (SEIA) reported that the extension of the Investment Tax Credit (ITC) in the Inflation Reduction Act of 2022 is expected to increase solar deployment by 69% through 2027.

How the High Initial Costs and Grid Integration Challenges Impede the Growth of Solar PV Inverters Market?

The upfront cost of solar PV inverters can be a significant barrier to adoption. According to a 2021 report by the National Renewable Energy Laboratory (NREL), inverter costs accounted for approximately 5% of total system costs for utility-scale PV systems in the U.S. For residential systems, this percentage was higher, at about 10% of total installed costs. As solar penetration increases, grid operators face challenges in maintaining stability and power quality. The U.S. Energy Information Administration reported that in 2022, solar energy provided about 3% of total U.S. electricity generation. This increased integration has led to concerns about grid stability in some regions.

Changing policies and regulations can impact market growth. The Solar Energy Industries Association (SEIA) noted that in 2022, 28 U.S. states considered changes to their net metering policies, which directly affect the economics of solar PV systems and inverter demand. Global events and supply chain issues can affect the production and availability of inverters. Rapid technological advancements can lead to concerns about current investments becoming outdated. The International Energy Agency (IEA) reported in their 2021 "Trends in Photovoltaic Applications" that inverter lifespans typically range from 10-20 years, while solar panels can last 25-30 years.

Category-Wise Acumens

How the High-Capacity Grid Feeders and Wide Spread Use in Large Scale Solar Photovoltaic Systems Surge the Growth of Central Inverter Segment?

The central inverter segment holds a dominant in the global solar PV inverters market owing to its widespread use in large-scale solar photovoltaic systems with rated outputs exceeding 100 kW. Central inverters, known as high-capacity grid feeders, are typically floor- or ground-mounted and are designed to convert the direct current (DC) power generated by solar arrays into alternating current (AC) power for grid connection. These devices are capable of handling power capacities ranging from 50 kilowatts to 1 megawatt, making them suitable for both indoor and outdoor applications, especially in utility-scale solar projects.

A central inverter generally operates with a single step to convert DC into AC, though some models are equipped with a supplementary DC-DC boost stage to extend their Maximum Power Point (MPP) voltage range, enhancing performance. In some configurations, low-frequency transformers are used to increase AC voltage and provide isolation at the output. However, this can reduce efficiency while increasing the size, weight, and cost of the inverter. Despite these trade-offs, the central inverter's ability to efficiently handle large power loads makes it the preferred choice for high-capacity installations, driving its dominance in the solar PV inverters market.

How the Increasing Utility Scale Solar Projects Globally Foster the Growth of Utilities Segment?

The utilities segment dominates the solar PV inverters market, driven by the rapid growth of utility-scale solar projects worldwide. These large-scale projects are designed to generate significant amounts of electricity, often measured in megawatts (MW), which is then fed into the grid to supply power to vast numbers of households and businesses. The need for powerful, high-capacity inverters in these projects is crucial, as they must efficiently convert large amounts of solar energy from direct current (DC) to alternating current (AC) on a scale much larger than residential or commercial applications.

Utility-scale solar has long been recognized for producing clean, reliable electricity at a stable cost, making it a key contributor to reducing carbon emissions. This environmental benefit is one of the primary drivers behind the widespread installation of solar PV inverters in utility-scale projects, especially as governments and industries strive to meet carbon reduction goals. As the demand for renewable energy grows, utility-scale solar remains one of the fastest methods to transition to sustainable energy sources, increasing the need for high-performance inverters. The segment's dominance in the market is expected to continue as more large-scale solar installations come online globally.

Country/Region-wise Acumens

How do the Rapid Growth in Solar PV Installations and Supportive Government Policies and Incentives Foster the Growth of the Solar PV Inverters Market in Asia Pacific?

Asia Pacific substantially dominates the solar PV inverter market driven by the significant increase in solar PV capacity, driving demand for inverters. According to the International Renewable Energy Agency (IRENA), China alone added 100 GW of solar PV capacity in 2022, bringing its total installed capacity to over 450 GW. This represents nearly a third of global solar PV capacity. Many countries in the region have implemented favorable policies to promote solar energy adoption. In India, the Ministry of New and Renewable Energy reported that the country achieved its target of 100 GW of installed renewable energy capacity (excluding large hydro) in 2022, nine years ahead of schedule. Solar energy contributed significantly to this achievement, driven by policies like the National Solar Mission.

The falling costs of solar PV components, including inverters, have made solar energy more accessible in the region. BloombergNEF's 2022 report on solar PV module pricing showed that average module prices in China dropped to $0.27 per watt in mid-2022, a significant decrease from $0.34 per watt in early 2021. This overall cost reduction in solar PV systems has boosted demand for all components, including inverters.

How the Ambitious Renewable Energy Targets and Supportive Policies Escalate the Growth of the Solar PV Inverters Market in Europe?

Europe is anticipated to witness the fastest growth in the solar PV inverter market owing to initiatives such as the European Green Deal and the Renewable Energy Directive have played critical roles in propelling the solar PV inverter market in Europe. According to the European Commission, the EU has increased its 2030 renewable energy target from 32% to 45% under the REPowerEU Plan in 2022. This ambitious goal is expected to significantly boost solar PV installations and, consequently, inverter demand across the region. The European solar market has seen substantial growth, particularly in the residential and commercial sectors. SolarPower Europe reported that the EU added 41.4 GW of solar power capacity in 2022, a 47% increase from 2021. Germany led with 7.9 GW of new installations, followed by Spain (7.5 GW) and Poland (4.9 GW). This growth directly translates to increased demand for solar PV inverters.

Europe's focus on grid stability and smart energy management has driven demand for advanced inverter technologies. The European Technology and Innovation Platform for Photovoltaics (ETIP PV) noted in its 2022 report that smart inverters with grid-support functions are becoming increasingly important. It is estimated that by 2025, over 90% of new inverter installations in Europe will have advanced grid-support capabilities, up from approximately 60% in 2020.

Competitive Landscape

The Solar PV Inverters Market is a highly competitive landscape, driven by factors such as increasing demand for renewable energy, technological advancements, and government incentives. Several key players operate in this market, offering a range of products and services to meet the diverse needs of residential, commercial, and utility-scale solar power systems.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the solar PV inverters market include:

SMA Solar Technology AG
Sungrow Power Supply Co. Ltd.
Huawei Technologies Co. Ltd.
Schneider Electric SE
ABB Ltd
Tigo Energy, Inc.
Enphase Energy, Inc.

Latest Developments:

In February 2024, SMA Solar Technology AG announced a strategic cooperation with ENGIE, a major energy firm, to accelerate the development and deployment of distributed solar and storage systems across Europe.
In February 2024, Sungrow Power Supply Co. Ltd. announced the launch of its latest string inverter series, the "SG iNext," claiming significant efficiency increases and better grid support capabilities.
In January 2023, Schneider Electric SE announced the acquisition of IGE+X AO, a Russian producer of energy storage systems, to expand its position in the distributed energy sector.

1 INTRODUCTION OF GLOBAL SOLAR PV INVERTERS MARKET

1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL SOLAR PV INVERTERS MARKET OUTLOOK

4.1 Overview
4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework

5 GLOBAL SOLAR PV INVERTERS MARKET, BY PRODUCT TYPE

5.1 Overview
5.2 Central Inverter
5.3 String Inverter
5.4 Micro Inverter

6 GLOBAL SOLAR PV INVERTERS MARKET, BY CONNECTION TYPE

6.1 Overview
6.2 On-Grid
6.3 Off-Grid

7 GLOBAL SOLAR PV INVERTERS MARKET, BY PHASE

7.1 Overview
7.2 Single-phase
7.3 Three-phase

8 GLOBAL SOLAR PV INVERTERS MARKET, BY APPLICATION

8.1 Overview
8.2 Residential
8.3 Commercial
8.4 Industrial
8.5 Utilities
8.6 Others

9 GLOBAL SOLAR PV INVERTERS MARKET, BY GEOGRAPHY

9.1 Overview
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 Germany
- 9.3.2 U.K.
- 9.3.3 France
- 9.3.4 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Argentina
9.6 Rest of the World

10 GLOBAL SOLAR PV INVERTERS MARKET COMPETITIVE LANDSCAPE

10.1 Overview
10.2 Company Market Ranking
10.3 Vendor Landscape
10.4 Key Development Strategies

11 COMPANY PROFILES

11.1 SMA Solar Technology AG
- 11.1.1 Overview
- 11.1.2 Financial Performance
- 11.1.3 Product Outlook
- 11.1.4 Key Developments
11.2 Sungrow Power Supply Co. Ltd
- 11.2.1 Overview
- 11.2.2 Financial Performance
- 11.2.3 Product Outlook
- 11.2.4 Key Developments
11.3 Huawei Technologies Co. Ltd.
- 11.3.1 Overview
- 11.3.2 Financial Performance
- 11.3.3 Product Outlook
- 11.3.4 Key Developments
11.4 Schneider Electric SE
- 11.4.1 Overview
- 11.4.2 Financial Performance
- 11.4.3 Product Outlook
- 11.4.4 Key Developments
11.5 ABB Ltd
- 11.5.1 Overview
- 11.5.2 Financial Performance
- 11.5.3 Product Outlook
- 11.5.4 Key Developments
11.6 Tigo Energy Inc
- 11.6.1 Overview
- 11.6.2 Financial Performance
- 11.6.3 Product Outlook
- 11.6.4 Key Developments
11.7 Enphase Energy Inc
- 11.7.1 Overview
- 11.7.2 Financial Performance
- 11.7.3 Product Outlook
- 11.7.4 Key Developments
11.8 SolarEdge Technologies Inc
- 11.8.1 Overview
- 11.8.2 Financial Performance
- 11.8.3 Product Outlook
- 11.8.4 Key Developments
11.9 Ingeteam Group
- 11.9.1 Overview
- 11.9.2 Financial Performance
- 11.9.3 Product Outlook
- 11.9.4 Key Developments
11.10 Fronius International GmbH
- 11.10.1 Overview
- 11.10.2 Financial Performance
- 11.10.3 Product Outlook
- 11.10.4 Key Developments