Germany Pv Inverter Market Size & Outlook, 2023-2030
Germany pv inverter market, 2018-2030 (US$M)
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Germany pv inverter market highlights
- The Germany pv inverter market generated a revenue of USD 636.0 million in 2023 and is expected to reach USD 1,044.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.3% 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 636.0 million |
| Market revenue in 2030 | USD 1,044.5 million |
| Growth rate | 7.3% (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, Germany accounted for 4.9% 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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Germany 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 46.79% in 2023. Horizon Databook has segmented the Germany 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.
Germany is among the leading markets for PV Inverter in the European region. In November 2016, Climate Action Plan 2050 was adopted by the government of Germany. With this Germany became first amongst the Paris Agreement participant to submit low greenhouse gas emission development strategy to the United Nation.
The plan was designed to achieve the goals and targets that the country pledged in the Paris Agreement with an aim to achieve global greenhouse gas neutrality in 2050. One of the major long-term goals of Germany is to become a neutral nation in terms of greenhouse gas emissions by 2025.
Germany is a developed economy and one of the leading markets in Europe. Over the past few years, the country has been investing in unconventional power generation technologies to reduce its reliance on conventional carbon-based sources such as crude oil and coal, as well as to achieve energy self sufficiency.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany pv inverter market , including forecasts for subscribers. This country databook contains high-level insights into Germany pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany pv inverters market size, by product, 2018-2030 (US$M)
Germany PV Inverter Market Outlook Share, 2023 & 2030 (US$M)
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