Malaysia Pv Inverter Market Size & Outlook, 2023-2030
Malaysia pv inverter market, 2018-2030 (US$M)
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Malaysia pv inverter market highlights
- The Malaysia pv inverter market generated a revenue of USD 95.2 million in 2023 and is expected to reach USD 277.4 million by 2030.
- The Malaysia 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 95.2 million |
| Market revenue in 2030 | USD 277.4 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, Malaysia accounted for 0.7% 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 Asia Pacific, China pv inverter market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 63.9 million by 2030.
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PV Inverter Market Scope
PV Inverter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Malaysia 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 47.16% in 2023. Horizon Databook has segmented the Malaysia 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.
PV Inverter market in Malaysia is expected to grow at a moderate rate due to fewer government initiatives to promote the adoption of solar energy and the presence of fewer private players promoting solar energy for electricity production. However, Malaysia holds significant potential for solar energy production due to its location under Sunbelt with at least 10 hours of sun daily.
The government of Malaysia needs to incentivize the adoption of solar energy in residential and commercial projects to reduce its initial cost to integrate solar PV panels in development projects.
According to the United Nations Development Programme (UNDP), in 2021, Malaysia announced a target to cut 45% carbon intensity by 2030. The country’s carbon reduction ambitions pose a lucrative opportunity for the growth of the solar panel and PV inverter market over the forecast period.
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Target buyers of Malaysia pv inverter market databook
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Our clientele includes a mix of pv inverter market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the Malaysia pv inverter market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia pv inverters market size, by product, 2018-2030 (US$M)
Malaysia PV Inverter Market Outlook Share, 2023 & 2030 (US$M)
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