Utility Scale PV Inverter Market outlook, regional growth & industry share by 2028

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Utility Scale PV Inverter Market outlook,
regional growth industry share by 2028

• This Utility Scale PV Inverter Market report is
  exhaustive research on companies active in
  Utility Scale PV Inverter sector, its
  applications, products, end-users, trends and
  predictions on how the market will grow in coming
  years.
• The photovoltaic inverter design to obtain the
  efficiency and reliability desired for
  utility-scale and large-scale installations is
  gradually gaining acceptance. The popularity of
  utility scale PV inverters is expected to
  increase, given the rising approvals for solar
  projects in prominent regions including the
  United States.
• With the rising emphasis on curbing carbon
  emissions, the development of large-scale
  renewable projects to generate electricity will
  likely grow, positioning the Asia Pacific is as a
  lucrative revenue pocket for the utility scale PV
  inverter market over the coming years.

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• According to data from Down to Earth, 2020 was a
  year of commendable growth for the global clean
  energy sector, with 256-GW of renewable
  power-generating capacities being added over the
  year. In addition, Asia accounted for over 60 of
  the solar PV capacity additions for the 8th
  consecutive year, which could boost the
  requirement for solar PV inverters in the
  regions utility-scale power plants.

• In January 2022, Yaskawa Solectria Solar unveiled
  a series of string inverters, dubbed Solectria
  XGI 1500-250, for utility-scale PV power plants.
  This device was designed with an efficiency of
  99 as well as a California Energy Commission
  efficiency of 98.5. It was also built to operate
  with a maximum power input voltage range of 860-V
  to 1250-V and a maximum system voltage of
  1,500-V. Initiatives such as these could augment
  the demand for PV inverter components for
  large-scale projects.

• In November 2021, researchers from the University
  of Limoges compared the PR (performance ratio) of
  100 photovoltaic systems equipped with
  micro-inverters with that of 100 installations
  relying on central or string inverters. It was
  discovered that the PR was around 79 for both
  typologies however, micro-inverters were more
  sensitive to environmental factors, thus boosting
  the popularity of utility-scale PV central or
  string inverters.

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• Regional Analysis

• The Asia Pacific countries have also been setting
  significant targets to reach carbon neutrality
  over the years. According to the Council on
  Energy, Environment, and Water, India announced
  an expanded target of 500-GW of non-fossil power
  capacity, half of the energy from renewables,
  emission reduction by 1 billion tons, and a 45
  reduction of CO2 emissions intensity by 2030.
• According to the International Energy Agency,
  China remains the global leader in terms of
  renewable capacity additions and is projected to
  reach 1200-GW of total solar and wind capacity in
  2026, 4 years earlier than the current target of
  2030. Moreover, capacity additions in India are
  anticipated to grow considerably, doubling new
  installations as compared with 2015-2020, which
  -could stimulate the use of utility-scale solar
  inverters.

• Competitive Analysis

• Sungrow, Siemens, SMA Solar Technology AG,
  Darforn Electronics Corp., Enphase Energy,
  SolarEdge Technologies, Inc., Growatt New Energy,
  Schneider Electric, Fronius International GmbH,
  Eaton, Fimer Group, Delta Electronics, Inc.,
  TMEIC, Canadian Solar

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