Chile Pv Inverter Market Size & Outlook, 2023-2030
Chile pv inverter market, 2018-2030 (US$M)
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Chile pv inverter market highlights
- The Chile pv inverter market generated a revenue of USD 45.2 million in 2023 and is expected to reach USD 131.6 million by 2030.
- The Chile market is expected to grow at a CAGR of 16.5% from 2024 to 2030.
- In terms of segment, string pv inverter was the largest revenue generating product in 2023.
- Central 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 45.2 million |
| Market revenue in 2030 | USD 131.6 million |
| Growth rate | 16.5% (CAGR from 2023 to 2030) |
| Largest segment | String pv inverter |
| Fastest growing segment | Central 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, Chile accounted for 0.3% 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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Chile 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.
String pv inverter was the largest segment with a revenue share of 46.9% in 2023. Horizon Databook has segmented the Chile 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.
Chile emerged as one of the leading markets in Central & South America, in terms of solar energy and PV inverters. Chile PV inverter market is expected to grow significantly owing to heavy investments in solar projects by the government for power generation.
In July 2023, the government of Chile awarded EDP Renewables tender to build solar power projects with a capacity of 323 MW to be located in the coastal northern commune of Taltal, Chile. In September 2023, Colbun announced the construction of a 9.9 MW captive solar PV plant to power Cementos Polpaico’s Cerro Blanco cement plant in the Santiago Metropolitan Region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Chile pv inverter market , including forecasts for subscribers. This country databook contains high-level insights into Chile pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Chile pv inverters market size, by product, 2018-2030 (US$M)
Chile PV Inverter Market Outlook Share, 2023 & 2030 (US$M)
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