Table of Content

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INVERTER MARKET, BY OUTPUT POWER RATING: INCLUSIONS AND EXCLUSIONS
           1.2.2 INVERTER MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS
           1.2.3 INVERTER MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS
           1.2.4 INVERTER MARKET, BY OUTPUT VOLTAGE: INCLUSIONS AND EXCLUSIONS
           1.2.5 INVERTER MARKET, BY CONNECTION TYPE: INCLUSIONS AND EXCLUSIONS
           1.2.6 INVERTER MARKET, BY SALES CHANNEL: INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
          FIGURE 1 INVERTER MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key data from primary insides
                    2.1.2.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size using bottom-up approach (demand side)
                                FIGURE 2 INVERTER MARKET BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at market size using top-down approach (Supply side)
                                FIGURE 3 INVERTER MARKET TOP-DOWN APPROACH
                                FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BASED ON SUPPLY SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 5 DATA TRIANGULATION
    2.4 KEY ASSUMPTIONS
          FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY
    2.5 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 45)
    TABLE 1 INVERTER MARKET SNAPSHOT
    FIGURE 7 SOLAR INVERTER SEGMENT TO LEAD INVERTER MARKET, BY TYPE, DURING FORECAST PERIOD
    FIGURE 8 100–300 V SEGMENT TO LEAD INVERTER MARKET, BY OUTPUT VOLTAGE, DURING FORECAST PERIOD
    FIGURE 9 BELOW 10 KW SEGMENT TO LEAD INVERTER MARKET, BY POWER RATING, DURING FORECAST PERIOD
    FIGURE 10 GRID-TIED SEGMENT TO LEAD INVERTER MARKET, BY CONNECTION TYPE, DURING FORECAST PERIOD
    FIGURE 11 INDIRECT SEGMENT TO LEAD INVERTER MARKET, BY SALES CHANNEL, DURING FORECAST PERIOD
    FIGURE 12 RESIDENTIAL SEGMENT TO LEAD INVERTER MARKET, BY END USER, DURING FORECAST PERIOD
    FIGURE 13 ASIA PACIFIC TO DOMINATE INVERTER MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES IN INVERTER MARKET
          FIGURE 14 GOVERNMENT-LED INITIATIVES RELATED TO PV PLANTS AND AUTOMOTIVE INDUSTRY TO DRIVE GROWTH OF INVERTER MARKET DURING FORECAST PERIOD
    4.2 INVERTER MARKET, BY REGION
          FIGURE 15 ASIA PACIFIC INVERTER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 INVERTER MARKET, BY TYPE
          FIGURE 16 SOLAR INVERTER SEGMENT DOMINATED INVERTER MARKET IN 2021
    4.4 INVERTER MARKET, BY OUTPUT VOLTAGE
          FIGURE 17 100–300 V SEGMENT DOMINATED INVERTER MARKET IN 2021
    4.5 INVERTER MARKET, BY POWER RATING
          FIGURE 18 BELOW 10 KW SEGMENT HELD LARGEST SHARE OF INVERTER MARKET IN 2021
    4.6 INVERTER MARKET, BY CONNECTION TYPE
          FIGURE 19 GRID-TIED SEGMENT HELD LARGER SHARE OF INVERTER MARKET IN 2021
    4.7 INVERTER MARKET, BY SALES CHANNEL
          FIGURE 20 INDIRECT SALES SEGMENT HELD LARGER SHARE OF INVERTER MARKET  IN 2021
    4.8 INVERTER MARKET, BY END USER
          FIGURE 21 RESIDENTIAL SEGMENT DOMINATED INVERTER MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 22 INVERTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing investments in renewable energy sector
                                FIGURE 23 GLOBAL NET SOLAR CAPACITY ADDITION (GW)
                                FIGURE 24 GLOBAL INVESTMENTS IN RENEWABLE ENERGY SOURCES IN 2019 (USD BILLION)
                    5.2.1.2 Rising number of solar installations attributed to government-led incentives and schemes
                    5.2.1.3 Growing demand for residential solar rooftop installations and distributed energy resources (DERs)
           5.2.2 RESTRAINTS
                    5.2.2.1 Safety risks associated with high DC voltages
                    5.2.2.2 Strain on batteries due to prolonged use of inverters
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for electric vehicles
                    5.2.3.2 Increasing investments in development of smart grids
                    5.2.3.3 Technological innovations in inverters and development of high-power density inverters
           5.2.4 CHALLENGES
                    5.2.4.1 Availability of low-quality and cheap products in gray market and pricing pressure on manufactures
                    5.2.4.2 Shortage of components and parts due to COVID-19 crisis
                                TABLE 2 REGION/COUNTRY-WISE PERCENTAGE DEVIATION FROM BENCHMARKS DUE  TO COVID-19
    5.3 PORTER’S FIVE FORCES ANALYSIS
          TABLE 3 INVERTER MARKET: PORTER’S FIVE FORCES ANALYSIS
          FIGURE 27 PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 THREAT OF NEW ENTRANTS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER
                    TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 29 KEY BUYING CRITERIA FOR END USERS
                    TABLE 5 KEY BUYING CRITERIA, BY END USER
    5.5 COVID-19 IMPACT ANALYSIS
           5.5.1 COVID-19 HEALTH ASSESSMENT
                    FIGURE 30 COVID-19 GLOBAL PROPAGATION
                    FIGURE 31 COVID-19 PROPAGATION IN SELECTED COUNTRIES
           5.5.2 COVID-19 ECONOMIC ASSESSMENT
                    FIGURE 32 REVISED GDP FORECASTS FOR SELECTED G20 COUNTRIES IN 2020
    5.6 AVERAGE SELLING PRICE TREND
          FIGURE 33 AVERAGE SELLING PRICES OF INVERTERS OF DIFFERENT OUTPUT POWER RATINGS
          TABLE 6 AVERAGE SELLING PRICES OF INVERTERS OF DIFFERENT OUTPUT POWER RATINGS (USD)
    5.7 VALUE CHAIN ANALYSIS
          FIGURE 34 INVERTER MARKET VALUE CHAIN
           5.7.1 RESEARCH AND DEVELOPMENT
           5.7.2 COMPONENT PROVIDERS
           5.7.3 MANUFACTURERS/ASSEMBLERS
           5.7.4 SYSTEM INTEGRATORS AND DISTRIBUTORS
           5.7.5 END USERS
           5.7.6 POST-SALES SERVICES
    5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           5.8.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INVERTER MANUFACTURERS
                    FIGURE 35 REVENUE SHIFT FOR INVERTERS
    5.9 TECHNOLOGY ANALYSIS
           5.9.1 Z-SOURCE INVERTER
           5.9.2 SOLAR MICRO-INVERTER
    5.10 KEY CONFERENCES AND EVENTS BETWEEN 2022 AND 2023
           TABLE 7 INVERTER MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.11 MARKET MAP
           FIGURE 36 MARKET MAP FOR INVERTER
    5.12 INNOVATIONS AND PATENT REGISTRATIONS
           TABLE 8 INVERTER MARKET: PATENTS & INNOVATIONS
    5.13 TRADE DATA STATISTICS
           TABLE 9 ELECTRICAL STATIC CONVERTER MARKET: IMPORT STATISTICS, 2018–2021 (USD MILLION)
           TABLE 10 ELECTRICAL STATIC CONVERTER MARKET: EXPORT STATISTICS, 2018–2021 (USD MILLION)
    5.14 CASE STUDY ANALYSIS
           5.14.1 SUNGROW PROVIDES TURNKEY SOLUTION TO SOLAR POWER PLANT IN BARGAS, SPAIN, 2021
           5.14.2 MAN TRUCKS & BUSES, SOUTH AFRICA, DECIDED TO GO GREEN WITH GOODWE INVERTERS, 2021
           5.14.3 FIMER PROVIDED INVERTER TO FIVE MID-LARGE SCALE SOLAR FARM PROJECTS IN REGIONAL SOUTH AUSTRALIA, 2021
    5.15 TARIFFS, CODES, AND REGULATIONS
           5.15.1 TARIFFS RELATED TO INVERTERS
                     TABLE 11 IMPORT TARIFFS FOR HS 850440, ELECTRICAL STATIC CONVERTERS
           5.15.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 16 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.15.3 CODES AND REGULATIONS RELATED TO INVERTERS
                     TABLE 17 GLOBAL: CODES AND REGULATIONS

6 INVERTER MARKET, BY OUTPUT POWER RATING (Page No. - 82)
    6.1 INTRODUCTION
          FIGURE 37 INVERTER MARKET SHARE, BY OUTPUT POWER RATING, 2021
          TABLE 18 INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION)
    6.2 BELOW 10 KW
           6.2.1 RISING DEMAND FOR RESIDENTIAL INVERTORS IN RESIDENTIAL SECTOR TO FUEL MARKET GROWTH
                    TABLE 19 BELOW 10 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.3 10–50 KW
           6.3.1 EXPANDING COMMERCIAL SECTOR TO FUEL DEMAND FOR INVERTERS WITH 10–50 KW OUTPUT POWER RATING
                    TABLE 20 10–50 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.4 50–100 KW
           6.4.1 GROWING DEMAND FOR SOLAR INVERTERS IN PV PLANTS AND VARIOUS INDUSTRIES TO BOOST MARKET GROWTH
                    TABLE 21 50–100 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.5 ABOVE 100 KW
           6.5.1 RISING NUMBER OF PV PLANTS AND EXPANDING AUTOMOTIVE INDUSTRY TO DRIVE MARKET GROWTH
                    TABLE 22 ABOVE 100 KW: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)

7 INVERTER MARKET, BY OUTPUT VOLTAGE (Page No. - 87)
    7.1 INTRODUCTION
          FIGURE 38 INVERTER MARKET SHARE, BY OUTPUT VOLTAGE, 2021
          TABLE 23 INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION)
    7.2 100–300 V
           7.2.1 RISING ELECTRICITY DEMAND TO DRIVE MARKET GROWTH
                    TABLE 24 100–300 V: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    7.3 300–500 V
           7.3.1 REQUIREMENT FOR UNINTERRUPTED POWER SUPPLY IN COMMERCIAL SECTOR AND VARIOUS INDUSTRIES TO DRIVE MARKET GROWTH
                    TABLE 25 300–500 V: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    7.4 ABOVE 500 V
           7.4.1 RISING INVESTMENTS IN DEVELOPMENT OF ON-GRID PV PLANTS TO DRIVE MARKET GROWTH
                    TABLE 26 ABOVE 500 V: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)

8 INVERTER MARKET, BY END USER (Page No. - 92)
    8.1 INTRODUCTION
          FIGURE 39 INVERTER MARKET SHARE, BY END USER, 2021
          TABLE 27 INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
    8.2 RESIDENTIAL
           8.2.1 GOVERNMENT-LED INITIATIVES TO PROMOTE INSTALLATION OF ROOFTOP SOLAR SYSTEMS TO DRIVE MARKET GROWTH
                    TABLE 28 RESIDENTIAL: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.3 AUTOMOTIVE
           8.3.1 GROWING ADOPTION OF ELECTRIC VEHICLES AS NEW MODE OF TRANSPORTATION TO FUEL DEMAND FOR VEHICLE INVERTERS
                    TABLE 29 AUTOMOTIVE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.4 PHOTOVOLTAIC (PV) PLANTS
           8.4.1 INCREASING RENEWABLE ENERGY POLICIES IN SEVERAL COUNTRIES TO FUEL MARKET GROWTH
                    TABLE 30 PHOTOVOLTAIC (PV) PLANT: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.5 OTHERS
          TABLE 31 OTHERS: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)

9 INVERTER MARKET, BY TYPE (Page No. - 97)
    9.1 INTRODUCTION
          FIGURE 40 INVERTER MARKET SHARE, BY TYPE, 2021
          TABLE 32 INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 33 INVERTER MARKET, BY TYPE, 2020–2027 (THOUSAND UNITS)
    9.2 SOLAR INVERTER
          TABLE 34 SOLAR INVERTER: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION)
           9.2.1 CENTRAL INVERTER
                    9.2.1.1 Rising demand for central inverters in PV plants to drive market growth
                                TABLE 35 CENTRAL INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
           9.2.2 STRING INVERTER
                    9.2.2.1 Rising installation of solar panels in residential and commercial sectors to boost market growth
                                TABLE 36 STRING INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
           9.2.3 MICRO-INVERTER
                    9.2.3.1 Increasing demand for micro-inverters in residential sector to fuel market growth
                                TABLE 37 MICRO-INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
           9.2.4 HYBRID INVERTER
                    9.2.4.1 High-performance feature of hybrid inverters is driving market growth
                                TABLE 38 HYBRID INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.3 VEHICLE INVERTER
          TABLE 39 VEHICLE INVERTER: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION)
           9.3.1 BATTERY ELECTRIC VEHICLE (BEV)
                    9.3.1.1 Favorable government policies regarding EV vehicles globally to drive market growth
                                TABLE 40 BATTERY ELECTRIC VEHICLE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
           9.3.2 HYBRID ELECTRIC VEHICLE (HEV)
                    9.3.2.1 Multi-functional program in hybrid electric vehicles to drive market growth
                                TABLE 41 HYBRID ELECTRIC VEHICLE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
           9.3.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
                    9.3.3.1 Increasing demand for EV vehicles to fuel market growth
                                TABLE 42 PLUG-IN HYBRID ELECTRIC VEHICLE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.4 OTHERS
          TABLE 43 OTHERS: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)

10 INVERTER MARKET, BY CONNECTION TYPE (Page No. - 107)
     10.1 INTRODUCTION
             FIGURE 41 INVERTER MARKET SHARE, BY CONNECTION TYPE, 2021
             TABLE 44 INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION)
     10.2 STANDALONE
             10.2.1 INCREASING RURAL ELECTRIFICATION PROGRAMS IN SEVERAL REGIONS TO BOOST MARKET GROWTH
                        TABLE 45 STANDALONE: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.3 GRID-TIED
             10.3.1 GOVERNMENT-LED INITIATIVES TO INCREASE SOLAR ENERGY GENERATION TO DRIVE GROWTH OF GRID-TIED INVERTER MARKET
                        TABLE 46 INVERTER MARKET, BY GRID-TIED, 2020–2027 (USD MILLION)
             10.3.2 CONVENTIONAL INVERTER
                        10.3.2.1 Rise in installation of solar pv systems in residential and commercial sectors to drive market growth
                                      TABLE 47 CONVENTIONAL INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
             10.3.3 SMART INVERTER
                        10.3.3.1 Technological advancements in grid-tied inverters to drive market growth
                                      TABLE 48 SMART INVERTER: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)

11 INVERTER MARKET, BY SALES CHANNEL (Page No. - 112)
     11.1 INTRODUCTION
             FIGURE 42 INVERTER MARKET SHARE, BY SALES CHANNEL, 2021
             TABLE 49 INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION)
     11.2 DIRECT SALES CHANNEL
             11.2.1 RISING PREFERENCE FOR DIRECTLY PROCURING VEHICLE INVERTERS AMONG AUTOMOBILE MANUFACTURERS TO DRIVE MARKET GROWTH
                        TABLE 50 DIRECT SALES CHANNEL: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
     11.3 INDIRECT SALES CHANNEL
             11.3.1 INCREASING SALE OF INVERTERS IN RESIDENTIAL SECTOR AND PV PLANTS THROUGH INDIRECT CHANNELS TO DRIVE MARKET GROWTH
                        TABLE 51 INDIRECT SALES CHANNEL: INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)

12 INVERTER MARKET, BY REGION (Page No. - 115)
     12.1 INTRODUCTION
             FIGURE 43 INVERTER MARKET, BY REGION, 2021 (%)
             FIGURE 44 ASIA PACIFIC INVERTER MARKET TO REGISTER HIGHEST CAGR  FROM 2022 TO 2027
             TABLE 52 INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION)
             TABLE 53 INVERTER MARKET, BY REGION, 2020–2027 (THOUSAND UNITS)
     12.2 ASIA PACIFIC
             FIGURE 45 SNAPSHOT: INVERTER MARKET IN ASIA PACIFIC
             12.2.1 BY OUTPUT POWER RATING
                        TABLE 54 ASIA PACIFIC: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION)
             12.2.2 BY OUTPUT VOLTAGE
                        TABLE 55 ASIA PACIFIC: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION)
             12.2.3 BY END USER
                        TABLE 56 ASIA PACIFIC: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.2.4 BY TYPE
                        TABLE 57 ASIA PACIFIC: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION)
             12.2.5 BY CONNECTION TYPE
                        TABLE 58 ASIA PACIFIC: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION)
             12.2.6 BY SALES CHANNEL
                        TABLE 59 ASIA PACIFIC: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION)
             12.2.7 BY COUNTRY
                        TABLE 60 ASIA PACIFIC: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.2.7.1 China
                                     12.2.7.1.1 Rising electricity demand in various sectors and presence of favorable government policies to fuel demand for solar inverters
                                                     TABLE 61 CHINA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.2 India
                                     12.2.7.2.1 Rise in number of solar rooftop installations and increasing Power Shortage to fuel demand for Inverters in India
                                                     TABLE 62 INDIA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.3 Australia
                                     12.2.7.3.1 Presence of favorable government policies for solar energy generation to boost growth of solar inverter market in Australia
                                                     TABLE 63 AUSTRALIA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.4 Japan
                                     12.2.7.4.1 Increasing investments in residential and PV utility-scale sectors to drive market growth
                                                     TABLE 64 JAPAN: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.2.7.5 Rest of Asia Pacific
                                      TABLE 65 REST OF ASIA PACIFIC: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
     12.3 NORTH AMERICA
             FIGURE 46 SNAPSHOT: INVERTER MARKET IN NORTH AMERICA
             12.3.1 BY OUTPUT POWER RATING
                        TABLE 66 NORTH AMERICA: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION)
             12.3.2 BY OUTPUT VOLTAGE
                        TABLE 67 NORTH AMERICA: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION)
             12.3.3 BY END USER
                        TABLE 68 NORTH AMERICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.3.4 BY TYPE
                        TABLE 69 NORTH AMERICA: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION)
             12.3.5 BY CONNECTION TYPE
                        TABLE 70 NORTH AMERICA: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION)
             12.3.6 BY SALES CHANNEL
                        TABLE 71 NORTH AMERICA: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION)
             12.3.7 BY COUNTRY
                        TABLE 72 NORTH AMERICA: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.3.7.1 US
                                     12.3.7.1.1 Increasing developments in solar energy field and favorable government policies to drive growth of solar inverter market in US
                                                     TABLE 73 US: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.3.7.2 Canada
                                     12.3.7.2.1 Rise in residential PV installations and supportive government policies to drive market growth
                                                     TABLE 74 CANADA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.3.7.3 Mexico
                                     12.3.7.3.1 Increased deployment of clean energy sources in Mexico to fuel market growth
                                                     TABLE 75 MEXICO: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
     12.4 EUROPE
             12.4.1 BY OUTPUT POWER RATING
                        TABLE 76 EUROPE: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION)
             12.4.2 BY OUTPUT VOLTAGE
                        TABLE 77 EUROPE: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION)
             12.4.3 BY END USER
                        TABLE 78 EUROPE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.4.4 BY TYPE
                        TABLE 79 EUROPE: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION)
             12.4.5 BY CONNECTION TYPE
                        TABLE 80 EUROPE: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION)
             12.4.6 BY SALES CHANNEL
                        TABLE 81 EUROPE: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION)
             12.4.7 BY COUNTRY
                        TABLE 82 EUROPE: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.4.7.1 Germany
                                     12.4.7.1.1 Growing automotive industry and rising adoption of renewable energy to drive market growth in Germany
                                                     TABLE 83 GERMANY: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.2 UK
                                     12.4.7.2.1 Increasing investments in battery production and solar power generation to drive market growth
                                                     TABLE 84 UK: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.3 ITALY
                                     12.4.7.3.1 Rising establishment of large-scale PV plants to fuel market growth
                                                     TABLE 85 ITALY: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.4 France
                                     12.4.7.4.1 Rising demand for solar inverters in PV plants to propel market growth
                                                     TABLE 86 FRANCE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.5 Spain
                                     12.4.7.5.1 Expanding automotive industry to drive market growth
                                                     TABLE 87 SPAIN: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.4.7.6 Rest of Europe
                                      TABLE 88 REST OF EUROPE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
     12.5 MIDDLE EAST & AFRICA
             12.5.1 BY OUTPUT POWER RATING
                        TABLE 89 MIDDLE EAST & AFRICA: INVERTER MARKET, BY OUTPUT POWER RATING,  2020–2027 (USD MILLION)
             12.5.2 BY OUTPUT VOLTAGE
                        TABLE 90 MIDDLE EAST & AFRICA: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION)
             12.5.3 BY END USER
                        TABLE 91 MIDDLE EAST & AFRICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.5.4 BY TYPE
                        TABLE 92 MIDDLE EAST & AFRICA: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION)
             12.5.5 BY CONNECTION TYPE
                        TABLE 93 MIDDLE EAST & AFRICA: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION)
             12.5.6 BY SALES CHANNEL
                        TABLE 94 MIDDLE EAST & AFRICA: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION)
             12.5.7 BY COUNTRY
                        TABLE 95 MIDDLE EAST & AFRICA: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.5.7.1 Saudi Arabia
                                     12.5.7.1.1 Increasing power generation from solar resources to fuel demand for inverters
                                                     TABLE 96 SAUDI ARABIA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.5.7.2 UAE
                                     12.5.7.2.1 Rising efforts to develop electricity sector to create demand for inverters in UAE
                                                     TABLE 97 UAE: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.5.7.3 South Africa
                                     12.5.7.3.1 Expanding automotive industry and development of PV plants to fuel growth of inverter market in South Africa
                                                     TABLE 98 SOUTH AFRICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.5.7.4 Rest of Middle East & Africa
                                     TABLE 99 REST OF MIDDLE EAST & AFRICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
     12.6 SOUTH AMERICA
             12.6.1 BY OUTPUT POWER RATING
                        TABLE 100 SOUTH AMERICA: INVERTER MARKET, BY OUTPUT POWER RATING, 2020–2027 (USD MILLION)
             12.6.2 BY OUTPUT VOLTAGE
                        TABLE 101 SOUTH AMERICA: INVERTER MARKET, BY OUTPUT VOLTAGE, 2020–2027 (USD MILLION)
             12.6.3 BY END USER
                        TABLE 102 SOUTH AMERICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
             12.6.4 BY TYPE
                        TABLE 103 SOUTH AMERICA: INVERTER MARKET, BY TYPE, 2020–2027 (USD MILLION)
             12.6.5 BY CONNECTION TYPE
                        TABLE 104 SOUTH AMERICA: INVERTER MARKET, BY CONNECTION TYPE, 2020–2027 (USD MILLION)
             12.6.6 BY SALES CHANNEL
                        TABLE 105 SOUTH AMERICA: INVERTER MARKET, BY SALES CHANNEL, 2020–2027 (USD MILLION)
             12.6.7 BY COUNTRY
                        TABLE 106 SOUTH AMERICA: INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        12.6.7.1 Brazil
                                     12.6.7.1.1 Increasing investments in solar energy technology to propel demand for inverters in Brazil
                                                     TABLE 107 BRAZIL: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.6.7.2 Argentina
                                     12.6.7.2.1 Government support to promote solar energy renewables to fuel market growth
                                                     TABLE 108 ARGENTINA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)
                        12.6.7.3 Rest of South America
                                      TABLE 109 REST OF SOUTH AMERICA: INVERTER MARKET, BY END USER, 2020–2027 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 151)
     13.1 KEY PLAYER’S STRATEGIES/RIGHT TO WIN
             TABLE 110 OVERVIEW OF STRATEGIES ADOPTED BY TOP PLAYERS, JANUARY 2019 – MARCH 2022
     13.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
             TABLE 111 INVERTER MARKET: DEGREE OF COMPETITION
             FIGURE 47 INVERTER MARKET SHARE ANALYSIS, 2021
     13.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
             FIGURE 48 TOP PLAYERS IN INVERTER MARKET FROM 2017 TO 2021
     13.4 COMPANY EVALUATION QUADRANT
             13.4.1 STAR
             13.4.2 PERVASIVE
             13.4.3 EMERGING LEADER
             13.4.4 PARTICIPANT
                        FIGURE 49 INVERTER MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2021
     13.5 STARTUP/SME EVALUATION QUADRANT, 2021
             13.5.1 PROGRESSIVE COMPANY
             13.5.2 RESPONSIVE COMPANY
             13.5.3 DYNAMIC COMPANY
             13.5.4 STARTING BLOCK
                        FIGURE 50 INVERTER MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
             13.5.5 COMPETITIVE BENCHMARKING
                        TABLE 112 INVERTER MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 113 INVERTER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.6 INVERTER MARKET: COMPANY FOOTPRINT
             TABLE 114 TYPE: COMPANY FOOTPRINT
             TABLE 115 OUTPUT POWER RATING: COMPANY FOOTPRINT
             TABLE 116 BY END USER: COMPANY FOOTPRINT
             TABLE 117 REGION: COMPANY FOOTPRINT
             TABLE 118 COMPANY FOOTPRINT
     13.7 COMPETITIVE SCENARIO
             TABLE 119 INVERTER MARKET: NEW PRODUCT LAUNCHES, SEPTEMBER 2019–JANUARY 2022
             TABLE 120 INVERTER MARKET: DEALS, NOVEMBER 2019–MARCH 2022
             TABLE 121 INVERTER MARKET: OTHERS, NOVEMBER 2021–APRIL 2022

14 COMPANY PROFILES (Page No. - 169)
(Business and financial overview, Products/solutions/services offered, Recent Developments, MNM view)*
     14.1 KEY PLAYERS
             14.1.1 HUAWEI TECHNOLOGIES
                        TABLE 122 HUAWEI TECHNOLOGIES: BUSINESS OVERVIEW
                        FIGURE 51 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT, 2021
                        TABLE 123 HUAWEI TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 124 HUAWEI TECHNOLOGIES: PRODUCT LAUNCHES
                        TABLE 125 HUAWEI TECHNOLOGIES: DEALS
                        TABLE 126 HUAWEI TECHNOLOGIES: OTHERS
             14.1.2 SUNGROW POWER SUPPLY CO., LTD
                        TABLE 127 SUNGROW POWER SUPPLY CO., LTD: BUSINESS OVERVIEW
                        FIGURE 52 SUNGROW POWER SUPPLY CO., LTD: COMPANY SNAPSHOT, 2021
                        TABLE 128 SUNGROW POWER SUPPLY CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 129 SUNGROW POWER SUPPLY CO., LTD: PRODUCT LAUNCHES
                        TABLE 130 SUNGROW POWER SUPPLY CO., LTD: DEALS
                        TABLE 131 SUNGROW POWER SUPPLY CO., LTD: OTHERS
             14.1.3 SMA SOLAR TECHNOLOGY AG
                        TABLE 132 SMA SOLAR TECHNOLOGY AG: BUSINESS OVERVIEW
                        FIGURE 53 SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT, 2021
                        TABLE 133 SMA SOLAR TECHNOLOGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 134 SMA SOLAR TECHNOLOGY AG: PRODUCT LAUNCHES
                        TABLE 135 SMA SOLAR TECHNOLOGY AG: DEALS
                        TABLE 136 SMA SOLAR TECHNOLOGY AG: OTHERS
             14.1.4 POWER ELECTRONICS
                        TABLE 137 POWER ELECTRONICS: BUSINESS OVERVIEW
                        TABLE 138 POWER ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 139 POWER ELECTRONICS: PRODUCT LAUNCHES
             14.1.5 FIMER
                        TABLE 140 FIMER: BUSINESS OVERVIEW
                        TABLE 141 FIMER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 142 FIMER: PRODUCT LAUNCHES
                        TABLE 143 FIMER: DEALS
                        TABLE 144 FIMER: OTHERS
             14.1.6 SOLAREDGE TECHNOLOGIES
                        TABLE 145 SOLAREDGE TECHNOLOGIES: COMPANY OVERVIEW
                        FIGURE 54 SOLAREDGE TECHNOLOGIES: COMPANY SNAPSHOT, 2021
                        TABLE 146 SOLAREDGE TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 147 SOLAREDGE TECHNOLOGIES: PRODUCT LAUNCHES
             14.1.7 FRONIUS INTERNATIONAL
                        TABLE 148 FRONIUS INTERNATIONAL: BUSINESS OVERVIEW
                        TABLE 149 FRONIUS INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 150 FRONIUS INTERNATIONAL: PRODUCT LAUNCHES
                        TABLE 151 FRONIUS INTERNATIONAL: DEALS
             14.1.8 ALTENERGY POWER SYSTEM
                        TABLE 152 ALTENERGY POWER SYSTEM: COMPANY OVERVIEW
                        TABLE 153 ALTENERGY POWER SYSTEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 154 ALTENERGY POWER SYSTEM: PRODUCT LAUNCHES
             14.1.9 ENPHASE ENERGY
                        TABLE 155 ENPHASE ENERGY: COMPANY OVERVIEW
                        FIGURE 55 ENPHASE ENERGY: COMPANY SNAPSHOT, 2021
                        TABLE 156 ENPHASE ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 157 ENPHASE ENERGY: PRODUCT LAUNCHES
                        TABLE 158 ENPHASE ENERGY: DEALS
             14.1.10 DARFON ELECTRONICS CORPORATION
                        TABLE 159 DARFON ELECTRONICS CORPORATION: COMPANY OVERVIEW
                        FIGURE 56 DAFRON ELECTRONICS: COMPANY SNAPSHOT, 2020
                        TABLE 160 DARFON ELECTRONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 161 DARFON ELECTRONICS CORPORATION: PRODUCT LAUNCHES
             14.1.11 SCHNEIDER ELECTRIC
                        TABLE 162 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 57 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT, 2021
                        TABLE 163 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 164 SCHNEIDER ELECTRIC: DEALS
                        TABLE 165 SCHNEIDER ELECTRIC: OTHERS
             14.1.12 GENERAL ELECTRIC
                        TABLE 166 GENERAL ELECTRIC: COMPANY OVERVIEW
                        FIGURE 58 GENERAL ELECTRIC: COMPANY SNAPSHOT, 2021
                        TABLE 167 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 168 GENERAL ELECTRIC: PRODUCT LAUNCHES
                        TABLE 169 GENERAL ELECTRIC: OTHERS
             14.1.13 DELTA ELECTRONICS
                        TABLE 170 DELTA ELECTRONICS: COMPANY OVERVIEW
                        FIGURE 59 DELTA ELECTRONICS: COMPANY SNAPSHOT, 2020
                        TABLE 171 DELTA ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 172 DELTA ELECTRONICS: PRODUCT LAUNCHES
                        TABLE 173 DELTA ELECTRONICS: DEALS
                        TABLE 174 DELTA ELECTRONICS OTHERS
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS
             14.2.1 CONTINENTAL
             14.2.2 DELPHI TECHNOLOGIES
             14.2.3 SENSATA TECHNOLOGIES
             14.2.4 SAMLEX EUROPE
             14.2.5 BESTEK
             14.2.6 GOODWE
             14.2.7 TMEIC
             14.2.8 YASKAWA SOLECTRIA SOLAR
             14.2.9 KACO NEW ENERGY
             14.2.10 GROWATT NEW ENERGY
             14.2.11 TBEA XINJIANG SUNOASIS

15 APPENDIX (Page No. - 216)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS