Italy Pv Inverter Market Size & Outlook, 2023-2030
Italy pv inverter market, 2018-2030 (US$M)
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Italy pv inverter market highlights
- The Italy pv inverter market generated a revenue of USD 891.2 million in 2023 and is expected to reach USD 2,103.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 13.1% 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 891.2 million |
| Market revenue in 2030 | USD 2,103.5 million |
| Growth rate | 13.1% (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, Italy accounted for 6.8% 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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Italy 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 47.55% in 2023. Horizon Databook has segmented the Italy 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.
Italy is an attractive market for PV inverter in Europe. The growing demand for PV inverter in the country is attributed to the shifting focus towards power generation through renewable energy sources such as solar energy.
Government of Italy have come up with various government initiative and regulation to curb the greenhouse gas emission from power sector which is expected to drive the market for solar energy thus PV inverter in Italy.
The Italian National Energy Strategy (SEN) is the 10–year plan that the Italian government drew up to anticipate and manage the change of the national energy system: a document that looks beyond 2030, and that lays the foundation for the construction of an advanced and innovative energy mode.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy pv inverter market , including forecasts for subscribers. This country databook contains high-level insights into Italy pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy pv inverters market size, by product, 2018-2030 (US$M)
Italy PV Inverter Market Outlook Share, 2023 & 2030 (US$M)
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