Netherlands Pv Inverter Market Size & Outlook, 2023-2030
Netherlands pv inverter market, 2018-2030 (US$M)
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Netherlands pv inverter market highlights
- The Netherlands pv inverter market generated a revenue of USD 383.5 million in 2023 and is expected to reach USD 826.5 million by 2030.
- The Netherlands market is expected to grow at a CAGR of 11.6% 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 383.5 million |
| Market revenue in 2030 | USD 826.5 million |
| Growth rate | 11.6% (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, Netherlands accounted for 2.9% 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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Netherlands 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 56.06% in 2023. Horizon Databook has segmented the Netherlands 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 the Netherlands is expected to grow at a significant rate owing to the focus of the Dutch government on the adoption of renewable energy to reduce greenhouse gas emissions, along with favorable government policies to promote the installation of solar panels for power generation.
These policies include tax cuts for companies who team up to generate solar energy, incentives to boost the utilization of solar energy, and a grant scheme for businesses and non-profit organizations that produce renewable energy.
In March 2023, the government of the Netherlands announced a 0% VAT rate on the installation of solar panels for residential or commercial applications. In April 2022, Sun grow announced the launch of the 1500V string inverter SG350HX for residential and commercial applications in Haarlemmermeer, Netherlands.
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Horizon Databook provides a detailed overview of country-level data and insights on the Netherlands pv inverter market , including forecasts for subscribers. This country databook contains high-level insights into Netherlands pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Netherlands pv inverters market size, by product, 2018-2030 (US$M)
Netherlands PV Inverter Market Outlook Share, 2023 & 2030 (US$M)
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