Europe Pv Inverter Market Size & Outlook, 2023-2030
Europe pv inverter market, 2018-2030 (US$M)
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Europe pv inverter market highlights
- The Europe pv inverter market generated a revenue of USD 3,171.9 million in 2023.
- The market is expected to grow at a CAGR of 13.5% from 2024 to 2030.
- In terms of segment, string 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.
- Country-wise, Poland is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,171.9 million |
| Market revenue in 2030 | USD 7,710.2 million |
| Growth rate | 13.5% (CAGR from 2023 to 2030) |
| Largest segment | String pv inverter |
| Fastest growing segment | Micro PV inverter |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 24.2% of the global pv inverter market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 11,304.8 million by 2030.
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PV Inverter Market Scope
PV Inverter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 50.79% in 2023. Horizon Databook has segmented the Europe 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.
Rising population coupled with increasing demand for renewable energy for power generation is expected to propel the market for PV Inverter in the region. The European region has been very active in the R&D efforts related to renewable energy power generation.
Availability of funding in European Union for energy renewable energy projects has been one of the major factors driving the growth of the region European Union adopted a roadmap in March 2011 to make a transition towards low carbon economy by 2050.
The highly developed infrastructure, along with the regional government’s diligent efforts to promote and employ green and clean technologies is expected to positively drive the market growth over the forecast period.
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Our clientele includes a mix of pv inverter market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe pv inverter market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe pv inverters market size, by country, 2018-2030 (US$M)
Europe PV Inverter Market Outlook Share, 2023 & 2030 (US$M)
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