Poland Pv Inverter Market Size & Outlook, 2023-2030
Poland pv inverter market, 2018-2030 (US$M)
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Poland pv inverter market highlights
- The Poland pv inverter market generated a revenue of USD 65.0 million in 2023 and is expected to reach USD 326.1 million by 2030.
- The Poland market is expected to grow at a CAGR of 25.9% 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 65.0 million |
| Market revenue in 2030 | USD 326.1 million |
| Growth rate | 25.9% (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, Poland accounted for 0.5% 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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Poland 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 73.85% in 2023. Horizon Databook has segmented the Poland 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 government of Poland targets to achieve a total solar capacity of 7.8 GW by 2030. Private players like R. Power Group and Axpo are focused on adopting various strategic initiatives for the construction of power plants in the country, with capacities ranging for 300kWp to 30MWp.
To achieve this objective, the nation will add approximately 4,392 MW in 2024 and 3,996 MW in 2025. In August 2023, PAD RES announced the construction of two solar farms with a combined capacity of 117MW to be located in Northern Poland, which will cover area of 140 hectares.
The project is financed under Polish Development Fund (PFR), which will provide USD 59.5 million for the solar farm. Increasing investments in solar energy and favorable government initiatives for the adoption of solar energy for power generation are expected to foster the growth of the PV inverter market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Poland pv inverter market , including forecasts for subscribers. This country databook contains high-level insights into Poland pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Poland pv inverters market size, by product, 2018-2030 (US$M)
Poland PV Inverter Market Outlook Share, 2023 & 2030 (US$M)
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