Grid Tie Inverter Market
Grid Tie Inverter Market Analysis By type (Low frequency transformer coupling & High frequency transformer coupling Grid Tie Inverter) By Voltage Output (Less than 500 v, 500 - 1000 v & Above 1000 v) By Applicatio, By Distribution Channel & By Region Till 2031
Analysis of Grid Tie Inverter Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Grid Tie Inverter Market Forecast and CAGR
According to the latest research by Fact.MR, the grid tie inverter market is set to witness steady growth during 2021 to 2031. In short term, the demand is expected to increase at a steady pace. However, in the long run sales of these mixers is anticipated to grow with an impressive growth rate of more than 6.5% CAGR during the forecast period.
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What is Driving Demand for Grid Tie Inverter?
Grid tie inverters are used for converting direct current to alternating current. These inverters are used for the residential, commercial, industrial purpose along with others. These inverters are highly energy-efficient and this is driving the sales of grid tie inverters around the world.
A grid tie inverter coordinate frequency to that of grid with the help of an oscillator and it limit the voltage to maintain it less or equal to the voltage of the grid.
A grid tie inverter allows a consumer to use the generation of power from solar power or wind power with the requirement of extensive wiring or batteries. If energy source from solar and wind power is insufficient they can be powered from the electrical grid as well.
New grid tie inverters which are being introduced in the market, have an LCD to show the status of the inverter, it provides input about real-time energy generation and energy yield.
This helps in improving the overall user experience and it can also let the user know about power status or if something is wrong with the inverter. Owing to this demand for these inverters are expected to witness an upsurge.
What Factors Influencing Sales of Grid Tie Inverter?
Pandemics such as COVID-19 are unforeseen and have affected all the economies around the world, COVID-19 has impacted the demand for these inverters. The imposition of lockdowns around the world and stoppage in production has affected the market of grid tie inverters.
These types of inverter have an efficiency of more than 95% and depending on power capacity, they are capable of providing electricity to a house for a day or more than a week.
By generating power from wind and solar power these inverters are providing clean and renewable energy. Rising demand for inverters which generate power from natural energy source will influence sales of grid tie inverters across the globe.
These types of inverters are available in various forms, consumer can get a low frequency or a high-frequency transformer coupling depending on the use. Depending on the power capacity these inverters can be used for small houses to power big buildings. Some manufacturers are also customizing these inverters as per the requirement of the consumers. Leading to these factors it is expected to see a rise in sales of grid tie inverter.
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Asian Countries Grid Tie Inverter Market Outlook
Asia dominates the market share of grid tie inverter in the world and it is projected that the sales of these inverters will also grow fast in the region compared to the rest of the world.
China is one of the major reason why Asia dominates the sales of grid tie inverters, it holds the largest share in the region. Most of the big manufacturers are from the country. The booming construction industry will influence the sales of these inverters positively.
India is also a huge contributor to the demand for these inverters. The construction industry is rising rapidly and demand for better energy efficient inverters is rising. Owing to this sales of grid tie inverters will see a massive surge in forthcoming years.
The United States of America Grid Tie Market Outlook
Compared to China & India, the market is slow for these type of inverter in the country. But as consumers are looking for more energy-efficient and inverters which generates power from the renewable energy source, due to that grid tie inverter sales is expected to increase in the country.
Who are the Key Manufacturers and Suppliers of Grid Tie Inverter?
Some of the leading manufacturers and suppliers of the grid tie inverter include Mitsubishi Electric Corporation, Emerson Electric, CyberPower, RS Components India, Huawei Technologies, Power Electronics, SMA Solar Technology, Luminous Power Technology, Sungrow Power Supply and other prominent players.
The market for grid tie inverter is fairly fragmented. Manufacturers are investing to make more energy-efficient inverter, they are investing to make inverters which are more than 99% efficient. They also investing to make products more user friendly.
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Competitive landscape highlights only certain players
Complete list available upon request
Grid Tie Inverter Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
-
By Type:
- Low frequency transformer coupling
- High frequency transformer coupling
-
By Voltage Output:
- Less than 500 v
- 500 – 1000 v
- Above 1000 v
-
By Application:
- Residential
- Commercial
- Industrial
- Others
-
By Distribution Channel:
- Online Channel
- E-commerce website
- Company Owned Website
- Offline Channel
- Department Store
- Specialty Store
- Retail Store
- Others
- Online Channel
-
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Germany
- France
- Spain
- UK
- Italy
- BENELUX
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Oceania
- India
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
- Rest of South Asia & Oceania
- Middle East and Africa
- GCC Countries
- South Africa
- Turkey
- Rest of Middle East and Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Low frequency transformer coupling
- 7.2. High frequency transformer coupling
- 8. Global Market Analysis and Forecast, By Voltage Output
- 8.1. Less than 500 v
- 8.2. 500 – 1000 v
- 8.3. Above 1000 v
- 9. Global Market Analysis and Forecast, By Application
- 9.1. Residential
- 9.2. Commercial
- 9.3. Industrial
- 9.4. Others
- 10. Global Market Analysis and Forecast, By Distribution Channel
- 10.1. Distribution Channel
- 10.2. Offline Channel
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. MEA
- 12. North America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 18. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 19. Sales Forecast by Type, Voltage Output, Application, and Distribution Channel for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Mitsubishi Electric Corporation
- 21.2. Emerson Electric
- 21.3. CyberPower
- 21.4. RS Components India
- 21.5. Huawei Technologies
- 21.6. Power Electronics
- 21.7. SMA Solar Technology
- 21.8. Luminous Power Technology
- 21.9. Sungrow Power Supply
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Type
Table 3: Global Market US$ Mn Forecast by Voltage Output
Table 4: Global Market US$ Mn Forecast by Application
Table 5: Global Market US$ Mn Forecast by Distribution Channel
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Type
Table 8: North America Market US$ Mn Forecast by Voltage Output
Table 9: North America Market US$ Mn Forecast by Application
Table 10: North America Market US$ Mn Forecast by Distribution Channel
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Type
Table 13: Latin America Market US$ Mn Forecast by Voltage Output
Table 14: Latin America Market US$ Mn Forecast by Application
Table 15: Latin America Market US$ Mn Forecast by Distribution Channel
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Type
Table 18: Western Europe Market US$ Mn Forecast by Voltage Output
Table 19: Western Europe Market US$ Mn Forecast by Application
Table 20: Western Europe Market US$ Mn Forecast by Distribution Channel
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Type
Table 23: Eastern Europe Market US$ Mn Forecast by Voltage Output
Table 24: Eastern Europe Market US$ Mn Forecast by Application
Table 25: Eastern Europe Market US$ Mn Forecast by Distribution Channel
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Type
Table 28: East Asia Market US$ Mn Forecast by Voltage Output
Table 29: East Asia Market US$ Mn Forecast by Application
Table 30: East Asia Market US$ Mn Forecast by Distribution Channel
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Type
Table 33: South Asia & Pacific Market US$ Mn Forecast by Voltage Output
Table 34: South Asia & Pacific Market US$ Mn Forecast by Application
Table 35: South Asia & Pacific Market US$ Mn Forecast by Distribution Channel
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Type
Table 38: MEA Market US$ Mn Forecast by Voltage Output
Table 39: MEA Market US$ Mn Forecast by Application
Table 40: MEA Market US$ Mn Forecast by Distribution Channel
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Voltage Output
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Voltage Output
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Voltage Output
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Voltage Output
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Voltage Output
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Voltage Output
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Voltage Output
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Voltage Output
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How Much Growth Potential does the Grid Tie Inverter Market hold?
The grid tie inverter market is likely to grow at a CAGR of 6.5% during the forecast period
Why Does the Grid Tie Inverter Market have High Growth Potential?
The market is growing due to the rising demand for inverters which generate power from the natural energy source.
Where will Manufacturers find the Most Opportunities in the Grid Tie Inverter Industry?
Manufacturers are likely to find the most opportunities in the Asia Pacific.
Grid Tie Inverter Market