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Residential Grid Tie Inverter Trends and Forecast
The future of the global residential grid tie inverter market looks promising with opportunities in the low frequency transformer coupling and high frequency transformer coupling markets. The global residential grid tie inverter market is expected to reach an estimated $4.7 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are increasing adoption of rooftop solar photovoltaic system, reduction int the cost of grid-tie inverters, and growing demand for energy independence.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Residential Grid Tie Inverter by Segment
The study includes a forecast for the global residential grid tie inverter by voltage output, distribution channel, type, and region.
Residential Grid Tie Inverter Market by Voltage Output [Shipment Analysis by Value from 2018 to 2030]:
• Below 500 V
• 501 V To 1,000 V
• Above 1,000
Residential Grid Tie Inverter Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Online
• Offline
Residential Grid Tie Inverter Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Low Frequency Transformer Coupling
• High Frequency Transformer Coupling
Residential Grid Tie Inverter Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Residential Grid Tie Inverter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies residential grid tie inverter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the residential grid tie inverter companies profiled in this report include-
• SMA Solar Technology
• Fronius
• HUAWEI
• Sungrow
• Goodwe
• KOSTAL Solar Electric
• Delta
• Growatt
• Solax Power
• Solaredge
Residential Grid Tie Inverter Market Insights
Lucintel forecasts that online is expected to witness higher growth over the forecast period due to the increasing demand for affordable and low-maintenance inverters.
APAC will remain the largest region over the forecast period due to high demand for solar energy systems because of government support, net-zero targets, and increasing electricity prices.
Features of the Global Residential Grid Tie Inverter Market
Market Size Estimates: Residential grid tie inverter market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Residential grid tie inverter market size by voltage output, distribution channel, type, and region in terms of value ($B).
Regional Analysis: Residential grid tie inverter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different voltage output, distribution channel, type, and regions for the residential grid tie inverter market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the residential grid tie inverter market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the residential grid tie inverter market size?
Answer: The global residential grid tie inverter market is expected to reach an estimated $4.7 billion by 2030.
Q.2 What is the growth forecast for residential grid tie inverter market?
Answer: The global residential grid tie inverter market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the residential grid tie inverter market?
Answer: The major drivers for this market are increasing adoption of rooftop solar photovoltaic system, reduction int the cost of grid-tie inverters, and growing demand for energy independence.
Q4. What are the major segments for residential grid tie inverter market?
Answer: The future of the global residential grid tie inverter market looks promising with opportunities in the low frequency transformer coupling and high frequency transformer coupling markets.
Q5. Who are the key residential grid tie inverter market companies?
Answer: Some of the key residential grid tie inverter companies are as follows:
• SMA Solar Technology
• Fronius
• HUAWEI
• Sungrow
• Goodwe
• KOSTAL Solar Electric
• Delta
• Growatt
• Solax Power
• Solaredge
Q6. Which residential grid tie inverter market segment will be the largest in future?
Answer: Lucintel forecasts that online is expected to witness higher growth over the forecast period due to the increasing demand for affordable and low-maintenance inverters.
Q7. In residential grid tie inverter market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to high demand for solar energy systems because of government support, net-zero targets, and increasing electricity prices.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the residential grid tie inverter market by voltage output (below 500 v, 501 v to 1,000 v, and above 1,000), distribution channel (online and offline), type (low frequency transformer coupling and high frequency transformer coupling), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Residential Grid Tie Inverter Market, Residential Grid Tie Inverter Market Size, Residential Grid Tie Inverter Market Growth, Residential Grid Tie Inverter Market Analysis, Residential Grid Tie Inverter Market Report, Residential Grid Tie Inverter Market Share, Residential Grid Tie Inverter Market Trends, Residential Grid Tie Inverter Market Forecast, Residential Grid Tie Inverter Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Residential Grid Tie Inverter Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Residential Grid Tie Inverter Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Residential Grid Tie Inverter Market by Voltage Output
3.3.1: Below 500 V
3.3.2: 501 V to 1,000 V
3.3.3: Above 1,000
3.4: Global Residential Grid Tie Inverter Market by Distribution Channel
3.4.1: Online
3.4.2: Offline
3.5: Global Residential Grid Tie Inverter Market by Type
3.5.1: Low Frequency Transformer Coupling
3.5.2: High Frequency Transformer Coupling
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Residential Grid Tie Inverter Market by Region
4.2: North American Residential Grid Tie Inverter Market
4.2.1: North American Residential Grid Tie Inverter Market by Distribution Channel: Online and Offline
4.2.2: North American Residential Grid Tie Inverter Market by Type: Low Frequency Transformer Coupling and High Frequency Transformer Coupling
4.3: European Residential Grid Tie Inverter Market
4.3.1: European Residential Grid Tie Inverter Market by Distribution Channel: Online and Offline
4.3.2: European Residential Grid Tie Inverter Market by Type: Low Frequency Transformer Coupling and High Frequency Transformer Coupling
4.4: APAC Residential Grid Tie Inverter Market
4.4.1: APAC Residential Grid Tie Inverter Market by Distribution Channel: Online and Offline
4.4.2: APAC Residential Grid Tie Inverter Market by Type: Low Frequency Transformer Coupling and High Frequency Transformer Coupling
4.5: ROW Residential Grid Tie Inverter Market
4.5.1: ROW Residential Grid Tie Inverter Market by Distribution Channel: Online and Offline
4.5.2: ROW Residential Grid Tie Inverter Market by Type: Low Frequency Transformer Coupling and High Frequency Transformer Coupling
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Residential Grid Tie Inverter Market by Voltage Output
6.1.2: Growth Opportunities for the Global Residential Grid Tie Inverter Market by Distribution Channel
6.1.3: Growth Opportunities for the Global Residential Grid Tie Inverter Market by Type
6.1.4: Growth Opportunities for the Global Residential Grid Tie Inverter Market by Region
6.2: Emerging Trends in the Global Residential Grid Tie Inverter Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Residential Grid Tie Inverter Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Residential Grid Tie Inverter Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: SMA Solar Technology
7.2: Fronius
7.3: HUAWEI
7.4: Sungrow
7.5: GoodWe
7.6: KOSTAL Solar Electric
7.7: Delta
7.8: Growatt
7.9: Solax Power
7.10: Solaredge
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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