0

Close
 
Upcoming Allied Market Research
2023
Grid Forming Inverters Market

Grid Forming Inverters Market

by Output Power Rating (Below 50 kW, 50-100 kW, Above 100 kW), by End-User (Residential, Commercial, PV Plants, Automobile, Others), by Type (Micro-Inverters, Hybrid-Inverters, Central-Inverters, Others): Global Report opportunity Analysis and Industry Forecast, 2022-2032

EP : Storage and Distribution
Report Code: A11637
Nov 2023 | Pages: NA
Tables: NA
Charts: NA

  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Grid Forming Inverters Market

Request Now !

Inverters provide the interface between the grid and the energy sources like solar panels, wind turbines, and energy storage devices. The grid-forming inverters are voltage and frequency-controlled inverters and have better control and efficiency compared to that of grid-following. Also, the grid forming inverter can operate from a standalone position thus, decreasing the complexity and dependence. As wind and solar account for increasing shares of the overall electricity supply, it is becoming impractical to depend on the rest of the grid to manage disturbance. Grid-forming inverters are emerging technology that allows solar and other inverter-based energy resources to restart independently, without any external aid. However, the installation cost and maintenance charges are some of the factors that might hinder the market growth.

Covid-19 Impact Analysis

  • The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the grid forming inverters in 2020.
  • The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
  • Since the pandemic, the restriction of imports and exports has affected the grid forming inverters market to a great extent as the consumers’ consumption and demand patterns are changing amidst pandemic. Issues such as labor shortages, raw material unavailability, stagnation of the global trade and subsequent delays in installation are estimated to drive the prices of the inverters upwards which will prove to be a significant obstacle that the industry will have to adapt to. Increase in prices will cause project delays which, in turn, would again cause a spike in prices.

Top Impacting Factors

The demand for renewable energy is growing at a very high rate owing to the global environmental awareness which is driving the demand for clean and green energy. Because of this trend, grid-forming inverters are enjoying a tremendous popularity worldwide due to their capacity to quickly convert DC power into AC power while staying connected on the grid system as well as operating independently, in an environment friendly manner. The ever-increasing number of solar power plants connected with the grid through an on-grid solar inverter is enforcing the growth in the inverter market size globally. The inverter is used for commercial, industrial, and residential purpose which drives the market growth and creates a substantial demand for reliable and safe power source inverters. Developed countries in Europe and North America, are already using this inverter on a daily basis for wide-scale applications and the same pattern is expected in the Asia-Pacific regions as well.

Market trends

  • Development of infrastructure and growing need for reliable energy source is driving the market.

Continuous infrastructure development in the developing and developed economy and the rising demand for uninterrupted electricity supply are the major factors which are driving the growth of the inverter. Various countries are focused upon development of the smart cities like in the UAE, which is currently focusing on smart Dubai project aimed to transform the city of Dubai into leading global smart city. Such an expansion in the construction activity will drastically boost the inverter market value in the region and hence the demand will be expected to increase.

  • Growing awareness regarding environmental degradation and eco-friendly practices.

The increased awareness regarding greenhouse effect and the rising cognizance of environmental issues has further bolstered the global market for the inverter. This growing focus on renewable energy sources is having a positive impact on the inverter market revenue globally.

  • Better control and reliability compared to its competitors.

Because of its standalone operating function and instantly balancing load without any coordination controls, the grid- forming inverter has a very high efficiency percentage and can achieve almost 100% penetration. This decreases the complexity of the complete system and thus, the chances of frequent faults.

Key Benefits of the Report

This study presents the analytical depiction of the Grid Forming Inverters industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the grid forming inverters market share.
  • The current market is quantitatively analyzed to highlight the grid forming inverters market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed grid forming inverters market analysis based on competitive intensity and how the competition will take shape in coming years.

 Grid Forming Inverters Market Report Highlights

Aspects Details
By Output Power Rating
  • Below 50 kW
  • 50-100 kW
  • Above 100 kW
By End-User
  • Residential
  • Commercial
  • PV Plants
  • Automobile
  • Others
By Type
  • Micro-Inverters
  • Hybrid-Inverters
  • Central-Inverters
  • Others
By Region
  • North America  (UNITED STATES, CANADA, MEXICO)
  • Europe  (FRANCE, GERMANY, ITALY, SPAIN, UNITED KINGDOM, Rest of Europe)
  • Asia-Pacific  (CHINA, JAPAN, INDIA, SOUTH KOREA, AUSTRALIA, Rest of Asia-Pacific)
  • LAMEA  (Brazil, SAUDI ARABIA, South Africa, Rest of Lamea)
Key Market Players SolarEdge Technologies Inc., SunPower Corporation, SMA Solar Technology AG, Power Electronics, Delta Electronics, Inc., ABB Ltd, Hitachi Hi-Rel Power Electronics Pvt. Ltd, Sineng Electric Co., Ltd., Canadian Solar Inc., Solectria Renewables, LLC
Others
 

TABLE OF CONTENTS

  • CHAPTER 1:    INTRODUCTION

    • 1.1.   Report description

    • 1.2.   Key benefits for stakeholders

    • 1.3.   Key market segments

    • 1.4.   Research methodology

      • 1.4.1.   Secondary research

      • 1.4.2.   Primary research

    • 1.5.   Analyst tools and models

    CHAPTER 2:    EXECUTIVE SUMMARY

    • 2.1.   Key findings of the study

    • 2.2.   CXO perspective

    CHAPTER 3:    MARKET OVERVIEW

    • 3.1.   Market definition and scope

    • 3.2.   Key findings

      • 3.2.1.   Top investment pockets

    • 3.3.   Porter’s five forces analysis

    • 3.4.   Market dynamics

      • 3.4.1.   Drivers

      • 3.4.2.   Restraint

      • 3.4.3.   Opportunity

    • 3.6.   COVID-19 Impact Analysis

    • 3.7    KEY REGULATION

    • 3.8    VALUE CHAIN ANALYSIS

  • CHAPTER 4 : GRID FORMING INVERTERS MARKET, OUTPUT POWER RATING

    • 4.1.   Overview

      • 4.1.1 Market size and forecast, output power rating

    • 4.2.   Below 50 kW

      • 4.2.1. Key market trends, growth factors and opportunities

      • 4.2.2. Market size and forecast

      • 4.2.3. Market share analysis, by country

    • 4.3.   50-100 kW

      • 4.3.1. Key market trends, growth factors and opportunities

      • 4.3.2. Market size and forecast

      • 4.3.3. Market share analysis, by country

    • 4.4.   Above 100 kW

      • 4.4.1. Key market trends, growth factors and opportunities

      • 4.4.2. Market size and forecast

      • 4.4.3. Market share analysis, by country

  • CHAPTER 5 : GRID FORMING INVERTERS MARKET, END-USER

    • 5.1.   Overview

      • 5.1.1 Market size and forecast, end-user

    • 5.2.   Residential

      • 5.2.1. Key market trends, growth factors and opportunities

      • 5.2.2. Market size and forecast

      • 5.2.3. Market share analysis, by country

    • 5.3.   Commercial

      • 5.3.1. Key market trends, growth factors and opportunities

      • 5.3.2. Market size and forecast

      • 5.3.3. Market share analysis, by country

    • 5.4.   PV Plants

      • 5.4.1. Key market trends, growth factors and opportunities

      • 5.4.2. Market size and forecast

      • 5.4.3. Market share analysis, by country

    • 5.5.   Automobile

      • 5.5.1. Key market trends, growth factors and opportunities

      • 5.5.2. Market size and forecast

      • 5.5.3. Market share analysis, by country

    • 5.6.   Others

      • 5.6.1. Key market trends, growth factors and opportunities

      • 5.6.2. Market size and forecast

      • 5.6.3. Market share analysis, by country

  • CHAPTER 6 : GRID FORMING INVERTERS MARKET, TYPE

    • 6.1.   Overview

      • 6.1.1 Market size and forecast, type

    • 6.2.   Micro-Inverters

      • 6.2.1. Key market trends, growth factors and opportunities

      • 6.2.2. Market size and forecast

      • 6.2.3. Market share analysis, by country

    • 6.3.   Hybrid-Inverters

      • 6.3.1. Key market trends, growth factors and opportunities

      • 6.3.2. Market size and forecast

      • 6.3.3. Market share analysis, by country

    • 6.4.   Central-Inverters

      • 6.4.1. Key market trends, growth factors and opportunities

      • 6.4.2. Market size and forecast

      • 6.4.3. Market share analysis, by country

    • 6.5.   Others

      • 6.5.1. Key market trends, growth factors and opportunities

      • 6.5.2. Market size and forecast

      • 6.5.3. Market share analysis, by country

  • CHAPTER 7 : GRID FORMING INVERTERS MARKET, BY REGIONS

    • 7.1.  Overview

    • 7.2.  NORTH AMERICA

      • 7.2.1. Key market trends, growth factors, and opportunities

      • 7.2.2. Market size and forecast, output power rating

      • 7.2.3. Market size and forecast, end-user

      • 7.2.4. Market size and forecast, type

      • 7.2.5. Market size and forecast, by region

      • 7.2.6. Market size and forecast, by country

      • 7.2.7. UNITED STATES

        • 7.2.7.1 Market size and forecast, output power rating

        • 7.2.7.2 Market size and forecast, end-user

        • 7.2.7.3 Market size and forecast, type

      • 7.2.8. CANADA

        • 7.2.8.1 Market size and forecast, output power rating

        • 7.2.8.2 Market size and forecast, end-user

        • 7.2.8.3 Market size and forecast, type

      • 7.2.9. MEXICO

        • 7.2.9.1 Market size and forecast, output power rating

        • 7.2.9.2 Market size and forecast, end-user

        • 7.2.9.3 Market size and forecast, type

    • 7.3.  EUROPE

      • 7.3.1. Key market trends, growth factors, and opportunities

      • 7.3.2. Market size and forecast, output power rating

      • 7.3.3. Market size and forecast, end-user

      • 7.3.4. Market size and forecast, type

      • 7.3.5. Market size and forecast, by region

      • 7.3.6. Market size and forecast, by country

      • 7.3.7. FRANCE

        • 7.3.7.1 Market size and forecast, output power rating

        • 7.3.7.2 Market size and forecast, end-user

        • 7.3.7.3 Market size and forecast, type

      • 7.3.8. GERMANY

        • 7.3.8.1 Market size and forecast, output power rating

        • 7.3.8.2 Market size and forecast, end-user

        • 7.3.8.3 Market size and forecast, type

      • 7.3.9. ITALY

        • 7.3.9.1 Market size and forecast, output power rating

        • 7.3.9.2 Market size and forecast, end-user

        • 7.3.9.3 Market size and forecast, type

      • 7.3.10. SPAIN

        • 7.3.10.1 Market size and forecast, output power rating

        • 7.3.10.2 Market size and forecast, end-user

        • 7.3.10.3 Market size and forecast, type

      • 7.3.11. UNITED KINGDOM

        • 7.3.11.1 Market size and forecast, output power rating

        • 7.3.11.2 Market size and forecast, end-user

        • 7.3.11.3 Market size and forecast, type

      • 7.3.12. Rest of Europe

        • 7.3.12.1 Market size and forecast, output power rating

        • 7.3.12.2 Market size and forecast, end-user

        • 7.3.12.3 Market size and forecast, type

    • 7.4.  ASIA-PACIFIC

      • 7.4.1. Key market trends, growth factors, and opportunities

      • 7.4.2. Market size and forecast, output power rating

      • 7.4.3. Market size and forecast, end-user

      • 7.4.4. Market size and forecast, type

      • 7.4.5. Market size and forecast, by region

      • 7.4.6. Market size and forecast, by country

      • 7.4.7. CHINA

        • 7.4.7.1 Market size and forecast, output power rating

        • 7.4.7.2 Market size and forecast, end-user

        • 7.4.7.3 Market size and forecast, type

      • 7.4.8. JAPAN

        • 7.4.8.1 Market size and forecast, output power rating

        • 7.4.8.2 Market size and forecast, end-user

        • 7.4.8.3 Market size and forecast, type

      • 7.4.9. INDIA

        • 7.4.9.1 Market size and forecast, output power rating

        • 7.4.9.2 Market size and forecast, end-user

        • 7.4.9.3 Market size and forecast, type

      • 7.4.10. SOUTH KOREA

        • 7.4.10.1 Market size and forecast, output power rating

        • 7.4.10.2 Market size and forecast, end-user

        • 7.4.10.3 Market size and forecast, type

      • 7.4.11. AUSTRALIA

        • 7.4.11.1 Market size and forecast, output power rating

        • 7.4.11.2 Market size and forecast, end-user

        • 7.4.11.3 Market size and forecast, type

      • 7.4.12. Rest of Asia-Pacific

        • 7.4.12.1 Market size and forecast, output power rating

        • 7.4.12.2 Market size and forecast, end-user

        • 7.4.12.3 Market size and forecast, type

    • 7.5.  LAMEA

      • 7.5.1. Key market trends, growth factors, and opportunities

      • 7.5.2. Market size and forecast, output power rating

      • 7.5.3. Market size and forecast, end-user

      • 7.5.4. Market size and forecast, type

      • 7.5.5. Market size and forecast, by region

      • 7.5.6. Market size and forecast, by country

      • 7.5.7. Brazil

        • 7.5.7.1 Market size and forecast, output power rating

        • 7.5.7.2 Market size and forecast, end-user

        • 7.5.7.3 Market size and forecast, type

      • 7.5.8. SAUDI ARABIA

        • 7.5.8.1 Market size and forecast, output power rating

        • 7.5.8.2 Market size and forecast, end-user

        • 7.5.8.3 Market size and forecast, type

      • 7.5.9. South Africa

        • 7.5.9.1 Market size and forecast, output power rating

        • 7.5.9.2 Market size and forecast, end-user

        • 7.5.9.3 Market size and forecast, type

      • 7.5.10. Rest of Lamea

        • 7.5.10.1 Market size and forecast, output power rating

        • 7.5.10.2 Market size and forecast, end-user

        • 7.5.10.3 Market size and forecast, type

  • CHAPTER 8 : COMPANY PROFILES

    • 8.1. SMA SOLAR TECHNOLOGY AG

      • 8.1.1. Company overview

      • 8.1.2. Business performance

      • 8.1.3. Key strategic moves and developments

    • 8.2. CANADIAN SOLAR INC.

      • 8.2.1. Company overview

      • 8.2.2. Business performance

      • 8.2.3. Key strategic moves and developments

    • 8.3. ABB LTD

      • 8.3.1. Company overview

      • 8.3.2. Business performance

      • 8.3.3. Key strategic moves and developments

    • 8.4. SUNPOWER CORPORATION

      • 8.4.1. Company overview

      • 8.4.2. Business performance

      • 8.4.3. Key strategic moves and developments

    • 8.5. DELTA ELECTRONICS, INC.

      • 8.5.1. Company overview

      • 8.5.2. Business performance

      • 8.5.3. Key strategic moves and developments

    • 8.6. SOLAREDGE TECHNOLOGIES INC.

      • 8.6.1. Company overview

      • 8.6.2. Business performance

      • 8.6.3. Key strategic moves and developments

    • 8.7. SINENG ELECTRIC CO., LTD.

      • 8.7.1. Company overview

      • 8.7.2. Business performance

      • 8.7.3. Key strategic moves and developments

    • 8.8. POWER ELECTRONICS

      • 8.8.1. Company overview

      • 8.8.2. Business performance

      • 8.8.3. Key strategic moves and developments

    • 8.9. SOLECTRIA RENEWABLES, LLC

      • 8.9.1. Company overview

      • 8.9.2. Business performance

      • 8.9.3. Key strategic moves and developments

    • 8.10. HITACHI HI-REL POWER ELECTRONICS PVT. LTD

      • 8.10.1. Company overview

      • 8.10.2. Business performance

      • 8.10.3. Key strategic moves and developments


 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Grid Forming Inverters Market

Start reading.
This Report and over 66,944+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle

  • Enterprise
    License/PDF

  • $9,870
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle

  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers