Argentina Pv Inverter Market Size & Outlook, 2023-2030
Argentina pv inverter market, 2018-2030 (US$M)
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Argentina pv inverter market highlights
- The Argentina pv inverter market generated a revenue of USD 133.8 million in 2023 and is expected to reach USD 419.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 17.7% from 2024 to 2030.
- In terms of segment, central pv inverter was the largest revenue generating product in 2023.
- Micro PV inverter is the most lucrative product segment registering the fastest growth during the forecast period.
Pv inverter market data book summary
| Market revenue in 2023 | USD 133.8 million |
| Market revenue in 2030 | USD 419.9 million |
| Growth rate | 17.7% (CAGR from 2023 to 2030) |
| Largest segment | Central pv inverter |
| Fastest growing segment | Micro PV inverter |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | String PV inverter, Central PV inverter, Micro PV inverter, Other |
| Key market players worldwide | Delta Electronics Inc DR, Eaton Corp PLC, Emerson Electric Co, Hitachi Ltd, OMRON Corp, Siemens Energy AG ADR, SunPower Corp, SMA Solar Technology AG, Power Electronics, Fimer |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global pv inverter market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil pv inverter market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 419.9 million by 2030.
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PV Inverter Market Scope
PV Inverter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina pv inverter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pv inverter market will help companies and investors design strategic landscapes.
Central pv inverter was the largest segment with a revenue share of 48.28% in 2023. Horizon Databook has segmented the Argentina pv inverter market based on string pv inverter, central pv inverter, micro pv inverter, other covering the revenue growth of each sub-segment from 2018 to 2030.
The market for PV inverters in Argentina is currently underdeveloped. However, the government of Argentina is consistently focused on promoting the adoption of solar energy for electricity generation. In February 2023, the government of Argentina launched a renewable energy tender with a capacity of 500 MW.
Under this tender, winning bids are expected to get 15-year energy supply contracts with Cammesa, a company that manages the nation’s wholesale electricity market. Argentina is a lucrative market for PV inverters due to the presence of a high level of solar radiation and the potential to produce electricity in Northern Argentina.
In April 2022, Genneia announced an investment of USD 200 million for the development of renewable energy parks with installed solar capacity of 60 MW and 103 MW. The company has already invested USD 1.2 billion in renewable projects in the country in the last five years to exceed the capacity to 1 gigawatt.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina pv inverter market , including forecasts for subscribers. This country databook contains high-level insights into Argentina pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina pv inverters market size, by product, 2018-2030 (US$M)
Argentina PV Inverter Market Outlook Share, 2023 & 2030 (US$M)
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