France Pv Inverter Market Size & Outlook, 2023-2030
France pv inverter market, 2018-2030 (US$M)
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France pv inverter market highlights
- The France pv inverter market generated a revenue of USD 275.3 million in 2023 and is expected to reach USD 724.1 million by 2030.
- The France market is expected to grow at a CAGR of 14.8% 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.
Pv inverter market data book summary
| Market revenue in 2023 | USD 275.3 million |
| Market revenue in 2030 | USD 724.1 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | String 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, France accounted for 2.1% 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 Europe, Italy pv inverter market is projected to lead the regional market in terms of revenue in 2030.
- Poland is the fastest growing regional market in Europe and is projected to reach USD 326.1 million by 2030.
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PV Inverter Market Scope
PV Inverter Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 53.25% in 2023. Horizon Databook has segmented the France 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 PV Inverter market in France is expected to grow at a significant rate in the coming years owing to the increasing investments in solar power and the government's focus on boosting the solar power capacity of the country. In May 2023, the French government announced its target of achieving a total installed solar capacity of 100 GW by 2050.
Furthermore, the French government has also announced the plans for the development of a number of industry-specific provisions for the adoption of solar energy under the Multiannual Energy Plan for 2024-2033, which will be published by the end of 2023.
Factors such as favorable government policies and significant investments in the solar power industry in the country are expected to propel the growth of the PV inverter market in France over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the France pv inverter market , including forecasts for subscribers. This country databook contains high-level insights into France pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France pv inverters market size, by product, 2018-2030 (US$M)
France PV Inverter Market Outlook Share, 2023 & 2030 (US$M)
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