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Grid Forming Inverters Market By Type (Micro Inverters, Central Inverters, String Inverters) , By Power Rating (Below 50 KW, 50-100 KW, Above 100 KW) By Application (Wind Power Plants, Solar PV Plants, Electric Vehicles, Energy Storage System) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Market Report I 2024-08-01 I 300 Pages I Allied Market Research
The grid forming inverters market was valued at $0.7 billion in 2023, and is projected to reach $1.5 billion by 2033, growing at a CAGR of 8.2% from 2024 to 2033.
Grid-forming inverter is a power electronic device used in renewable energy systems, designed to stabilize and support the electric grid by creating and regulating voltage and frequency. Unlike traditional grid-following inverters, which rely on the existing grid to maintain these parameters, grid-forming inverters can operate autonomously or in weak grid conditions, enabling them to contribute to grid stability during disruptions or blackouts. Their ability to mimic the behavior of conventional synchronous generators makes them a crucial technology for integrating more renewable energy sources, like solar and wind, into modern power grids.
Rise in penetration of renewable energy, such as solar and wind power, fosters the demand for advanced technologies like grid-forming inverters to stabilize voltage and frequency, especially in weak grids. Furthermore, with the increasing adoption of intermittent renewable energy sources, there is a growing need for advanced solutions to ensure grid stability, which acts as the key driving force of the global market. This is attributed to the fact that grid-forming inverters provide the capability to operate in weak grids or even blackouts, enhancing system reliability. According to a study published by the U.S. Department of Energy (DOE) in 2022, regions in the U.S. with high renewable energy penetration, such as California, are expected to face increased grid reliability challenges. The report highlights that grid-forming inverters can reduce blackout risks in areas with over 60% renewable energy integration. Moreover, rise in deployment of microgrids, especially in remote areas or for critical infrastructure, augments the demand for grid-forming inverters, which can operate independently or in isolated grid conditions. The market growth is further driven by increase in focus of many countries to meet carbon neutrality and energy transition targets. This can be achieved by grid-forming inverters, as they facilitate the integration of renewable energy into the grid, thereby reducing dependency on fossil fuels. For instance, the European Union's 2020 report on "Energy Transition and Climate Targets" noted that Europe plans to achieve a 55% reduction in greenhouse gas emissions by 2030 and carbon neutrality by 2050. This will require at least a 40% share of renewable energy in electricity consumption by 2030, necessitating enhanced grid support technologies like grid-forming inverters to stabilize the increasingly renewable-dominated grid. However, high cost associated with advanced technology and components used in grid-forming inverters, such as specialized control systems and power electronics, restrains the market growth. In addition, limited awareness of the benefits and capabilities of grid-forming inverters acts as the key deterrent factor of the global market. On the contrary, ongoing developments in power electronics and inverter technology are improving the efficiency, flexibility, and cost-effectiveness of grid-forming inverters. Such developments are expected to offer lucrative opportunities for the expansion of the global market during the forecast period.
The global grid forming inverters market is segmented into type, power rating, application, and region. By type, the market is classified into micro inverters, central inverters, and string inverters. On the basis of power rating, the market is categorized into below 50 KW, 50-100 KW, above 100 KW. Depending on application, it is fragmented into wind power plants, solar PV plants, electric vehicles, and energy storage system. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By type, the central inverters segment is expected to exhibit fastest growth from 2024 to 2033.
On the basis of power rating, the 50-100 KW segment is anticipated to lead throughout the forecast period.
Depending on application, the energy storage systems segment is projected to dominate the grid forming inverters market by 2033.
Region wise, Asia-Pacific is likely to emerge as the most lucrative market for grid forming inverters during the forecast period.
Competition Analysis
Competitive analysis and profiles of the major players in the global grid forming inverters market include ABB, Schneider Electric, Siemens, GENERAL ELECTRIC, SMA Solar Technology AG, Huawei Technologies Co., Ltd., Delta Electronics, Inc., Enphase Energy, Hitachi Energy Ltd., and Eaton. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.
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Key Market Segments
By Type
- Micro Inverters
- Central Inverters
- String Inverters
By Power Rating
- Below 50 KW
- 50-100 KW
- Above 100 KW
By Application
- Wind Power Plants
- Solar PV Plants
- Electric Vehicles
- Energy Storage System
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
- Key Market Players
- ABB
- Schneider Electric
- Siemens
- GENERAL ELECTRIC
- SMA Solar Technology AG
- Huawei Technologies Co., Ltd.
- Delta Electronics, Inc.
- Enphase Energy
- Hitachi Energy Ltd.
- Eaton
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
CHAPTER 4: GRID FORMING INVERTERS MARKET, BY TYPE
4.1. Market Overview
4.1.1 Market Size and Forecast, By Type
4.2. Micro Inverters
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Central Inverters
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
4.4. String Inverters
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, By Region
4.4.3. Market Share Analysis, By Country
CHAPTER 5: GRID FORMING INVERTERS MARKET, BY POWER RATING
5.1. Market Overview
5.1.1 Market Size and Forecast, By Power Rating
5.2. Below 50 KW
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. 50-100 KW
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
5.4. Above 100 KW
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, By Region
5.4.3. Market Share Analysis, By Country
CHAPTER 6: GRID FORMING INVERTERS MARKET, BY APPLICATION
6.1. Market Overview
6.1.1 Market Size and Forecast, By Application
6.2. Wind Power Plants
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, By Region
6.2.3. Market Share Analysis, By Country
6.3. Solar PV Plants
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, By Region
6.3.3. Market Share Analysis, By Country
6.4. Electric Vehicles
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast, By Region
6.4.3. Market Share Analysis, By Country
6.5. Energy Storage System
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast, By Region
6.5.3. Market Share Analysis, By Country
CHAPTER 7: GRID FORMING INVERTERS MARKET, BY REGION
7.1. Market Overview
7.1.1 Market Size and Forecast, By Region
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. Market Size and Forecast, By Type
7.2.3. Market Size and Forecast, By Power Rating
7.2.4. Market Size and Forecast, By Application
7.2.5. Market Size and Forecast, By Country
7.2.6. U.S. Grid Forming Inverters Market
7.2.6.1. Market Size and Forecast, By Type
7.2.6.2. Market Size and Forecast, By Power Rating
7.2.6.3. Market Size and Forecast, By Application
7.2.7. Canada Grid Forming Inverters Market
7.2.7.1. Market Size and Forecast, By Type
7.2.7.2. Market Size and Forecast, By Power Rating
7.2.7.3. Market Size and Forecast, By Application
7.2.8. Mexico Grid Forming Inverters Market
7.2.8.1. Market Size and Forecast, By Type
7.2.8.2. Market Size and Forecast, By Power Rating
7.2.8.3. Market Size and Forecast, By Application
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Market Size and Forecast, By Type
7.3.3. Market Size and Forecast, By Power Rating
7.3.4. Market Size and Forecast, By Application
7.3.5. Market Size and Forecast, By Country
7.3.6. France Grid Forming Inverters Market
7.3.6.1. Market Size and Forecast, By Type
7.3.6.2. Market Size and Forecast, By Power Rating
7.3.6.3. Market Size and Forecast, By Application
7.3.7. Germany Grid Forming Inverters Market
7.3.7.1. Market Size and Forecast, By Type
7.3.7.2. Market Size and Forecast, By Power Rating
7.3.7.3. Market Size and Forecast, By Application
7.3.8. Italy Grid Forming Inverters Market
7.3.8.1. Market Size and Forecast, By Type
7.3.8.2. Market Size and Forecast, By Power Rating
7.3.8.3. Market Size and Forecast, By Application
7.3.9. Spain Grid Forming Inverters Market
7.3.9.1. Market Size and Forecast, By Type
7.3.9.2. Market Size and Forecast, By Power Rating
7.3.9.3. Market Size and Forecast, By Application
7.3.10. UK Grid Forming Inverters Market
7.3.10.1. Market Size and Forecast, By Type
7.3.10.2. Market Size and Forecast, By Power Rating
7.3.10.3. Market Size and Forecast, By Application
7.3.11. Rest Of Europe Grid Forming Inverters Market
7.3.11.1. Market Size and Forecast, By Type
7.3.11.2. Market Size and Forecast, By Power Rating
7.3.11.3. Market Size and Forecast, By Application
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Market Size and Forecast, By Type
7.4.3. Market Size and Forecast, By Power Rating
7.4.4. Market Size and Forecast, By Application
7.4.5. Market Size and Forecast, By Country
7.4.6. China Grid Forming Inverters Market
7.4.6.1. Market Size and Forecast, By Type
7.4.6.2. Market Size and Forecast, By Power Rating
7.4.6.3. Market Size and Forecast, By Application
7.4.7. Japan Grid Forming Inverters Market
7.4.7.1. Market Size and Forecast, By Type
7.4.7.2. Market Size and Forecast, By Power Rating
7.4.7.3. Market Size and Forecast, By Application
7.4.8. India Grid Forming Inverters Market
7.4.8.1. Market Size and Forecast, By Type
7.4.8.2. Market Size and Forecast, By Power Rating
7.4.8.3. Market Size and Forecast, By Application
7.4.9. South Korea Grid Forming Inverters Market
7.4.9.1. Market Size and Forecast, By Type
7.4.9.2. Market Size and Forecast, By Power Rating
7.4.9.3. Market Size and Forecast, By Application
7.4.10. Australia Grid Forming Inverters Market
7.4.10.1. Market Size and Forecast, By Type
7.4.10.2. Market Size and Forecast, By Power Rating
7.4.10.3. Market Size and Forecast, By Application
7.4.11. Rest of Asia-Pacific Grid Forming Inverters Market
7.4.11.1. Market Size and Forecast, By Type
7.4.11.2. Market Size and Forecast, By Power Rating
7.4.11.3. Market Size and Forecast, By Application
7.5. LAMEA
7.5.1. Key Market Trends and Opportunities
7.5.2. Market Size and Forecast, By Type
7.5.3. Market Size and Forecast, By Power Rating
7.5.4. Market Size and Forecast, By Application
7.5.5. Market Size and Forecast, By Country
7.5.6. Brazil Grid Forming Inverters Market
7.5.6.1. Market Size and Forecast, By Type
7.5.6.2. Market Size and Forecast, By Power Rating
7.5.6.3. Market Size and Forecast, By Application
7.5.7. South Africa Grid Forming Inverters Market
7.5.7.1. Market Size and Forecast, By Type
7.5.7.2. Market Size and Forecast, By Power Rating
7.5.7.3. Market Size and Forecast, By Application
7.5.8. Saudi Arabia Grid Forming Inverters Market
7.5.8.1. Market Size and Forecast, By Type
7.5.8.2. Market Size and Forecast, By Power Rating
7.5.8.3. Market Size and Forecast, By Application
7.5.9. Rest of LAMEA Grid Forming Inverters Market
7.5.9.1. Market Size and Forecast, By Type
7.5.9.2. Market Size and Forecast, By Power Rating
7.5.9.3. Market Size and Forecast, By Application
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping Of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023
CHAPTER 9: COMPANY PROFILES
9.1. ABB
9.1.1. Company Overview
9.1.2. Key Executives
9.1.3. Company Snapshot
9.1.4. Operating Business Segments
9.1.5. Product Portfolio
9.1.6. Business Performance
9.1.7. Key Strategic Moves and Developments
9.2. Schneider Electric
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Operating Business Segments
9.2.5. Product Portfolio
9.2.6. Business Performance
9.2.7. Key Strategic Moves and Developments
9.3. Siemens
9.3.1. Company Overview
9.3.2. Key Executives
9.3.3. Company Snapshot
9.3.4. Operating Business Segments
9.3.5. Product Portfolio
9.3.6. Business Performance
9.3.7. Key Strategic Moves and Developments
9.4. GENERAL ELECTRIC
9.4.1. Company Overview
9.4.2. Key Executives
9.4.3. Company Snapshot
9.4.4. Operating Business Segments
9.4.5. Product Portfolio
9.4.6. Business Performance
9.4.7. Key Strategic Moves and Developments
9.5. SMA Solar Technology AG
9.5.1. Company Overview
9.5.2. Key Executives
9.5.3. Company Snapshot
9.5.4. Operating Business Segments
9.5.5. Product Portfolio
9.5.6. Business Performance
9.5.7. Key Strategic Moves and Developments
9.6. Huawei Technologies Co., Ltd.
9.6.1. Company Overview
9.6.2. Key Executives
9.6.3. Company Snapshot
9.6.4. Operating Business Segments
9.6.5. Product Portfolio
9.6.6. Business Performance
9.6.7. Key Strategic Moves and Developments
9.7. Delta Electronics, Inc.
9.7.1. Company Overview
9.7.2. Key Executives
9.7.3. Company Snapshot
9.7.4. Operating Business Segments
9.7.5. Product Portfolio
9.7.6. Business Performance
9.7.7. Key Strategic Moves and Developments
9.8. Enphase Energy
9.8.1. Company Overview
9.8.2. Key Executives
9.8.3. Company Snapshot
9.8.4. Operating Business Segments
9.8.5. Product Portfolio
9.8.6. Business Performance
9.8.7. Key Strategic Moves and Developments
9.9. Hitachi Energy Ltd.
9.9.1. Company Overview
9.9.2. Key Executives
9.9.3. Company Snapshot
9.9.4. Operating Business Segments
9.9.5. Product Portfolio
9.9.6. Business Performance
9.9.7. Key Strategic Moves and Developments
9.10. Eaton
9.10.1. Company Overview
9.10.2. Key Executives
9.10.3. Company Snapshot
9.10.4. Operating Business Segments
9.10.5. Product Portfolio
9.10.6. Business Performance
9.10.7. Key Strategic Moves and Developments
LIST OF TABLES
TABLE 1. GLOBAL GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 2. GRID FORMING INVERTERS MARKET FOR MICRO INVERTERS, BY REGION, 2024 - 2033 ($BILLION)
TABLE 3. GRID FORMING INVERTERS MARKET FOR CENTRAL INVERTERS, BY REGION, 2024 - 2033 ($BILLION)
TABLE 4. GRID FORMING INVERTERS MARKET FOR STRING INVERTERS, BY REGION, 2024 - 2033 ($BILLION)
TABLE 5. GLOBAL GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 6. GRID FORMING INVERTERS MARKET FOR BELOW 50 KW, BY REGION, 2024 - 2033 ($BILLION)
TABLE 7. GRID FORMING INVERTERS MARKET FOR 50-100 KW, BY REGION, 2024 - 2033 ($BILLION)
TABLE 8. GRID FORMING INVERTERS MARKET FOR ABOVE 100 KW, BY REGION, 2024 - 2033 ($BILLION)
TABLE 9. GLOBAL GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 10. GRID FORMING INVERTERS MARKET FOR WIND POWER PLANTS, BY REGION, 2024 - 2033 ($BILLION)
TABLE 11. GRID FORMING INVERTERS MARKET FOR SOLAR PV PLANTS, BY REGION, 2024 - 2033 ($BILLION)
TABLE 12. GRID FORMING INVERTERS MARKET FOR ELECTRIC VEHICLES, BY REGION, 2024 - 2033 ($BILLION)
TABLE 13. GRID FORMING INVERTERS MARKET FOR ENERGY STORAGE SYSTEM, BY REGION, 2024 - 2033 ($BILLION)
TABLE 14. GRID FORMING INVERTERS MARKET, BY REGION, 2024 - 2033 ($BILLION)
TABLE 15. NORTH AMERICA GRID FORMING INVERTERS MARKET, BY COUNTRY, 2024 - 2033 ($BILLION)
TABLE 16. NORTH AMERICA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 17. NORTH AMERICA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 18. NORTH AMERICA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 19. U.S. GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 20. U.S. GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 21. U.S. GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 22. CANADA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 23. CANADA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 24. CANADA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 25. MEXICO GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 26. MEXICO GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 27. MEXICO GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 28. EUROPE GRID FORMING INVERTERS MARKET, BY COUNTRY, 2024 - 2033 ($BILLION)
TABLE 29. EUROPE GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 30. EUROPE GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 31. EUROPE GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 32. FRANCE GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 33. FRANCE GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 34. FRANCE GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 35. GERMANY GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 36. GERMANY GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 37. GERMANY GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 38. ITALY GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 39. ITALY GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 40. ITALY GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 41. SPAIN GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 42. SPAIN GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 43. SPAIN GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 44. UK GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 45. UK GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 46. UK GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 47. REST OF EUROPE GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 48. REST OF EUROPE GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 49. REST OF EUROPE GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 50. ASIA-PACIFIC GRID FORMING INVERTERS MARKET, BY COUNTRY, 2024 - 2033 ($BILLION)
TABLE 51. ASIA-PACIFIC GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 52. ASIA-PACIFIC GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 53. ASIA-PACIFIC GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 54. CHINA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 55. CHINA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 56. CHINA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 57. JAPAN GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 58. JAPAN GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 59. JAPAN GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 60. INDIA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 61. INDIA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 62. INDIA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 63. SOUTH KOREA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 64. SOUTH KOREA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 65. SOUTH KOREA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 66. AUSTRALIA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 67. AUSTRALIA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 68. AUSTRALIA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 69. REST OF ASIA-PACIFIC GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 70. REST OF ASIA-PACIFIC GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 71. REST OF ASIA-PACIFIC GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 72. LAMEA GRID FORMING INVERTERS MARKET, BY COUNTRY, 2024 - 2033 ($BILLION)
TABLE 73. LAMEA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 74. LAMEA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 75. LAMEA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 76. BRAZIL GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 77. BRAZIL GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 78. BRAZIL GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 79. SOUTH AFRICA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 80. SOUTH AFRICA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 81. SOUTH AFRICA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 82. SAUDI ARABIA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 83. SAUDI ARABIA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 84. SAUDI ARABIA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 85. REST OF LAMEA GRID FORMING INVERTERS MARKET, BY TYPE, 2024 - 2033 ($BILLION)
TABLE 86. REST OF LAMEA GRID FORMING INVERTERS MARKET, BY POWER RATING, 2024 - 2033 ($BILLION)
TABLE 87. REST OF LAMEA GRID FORMING INVERTERS MARKET, BY APPLICATION, 2024 - 2033 ($BILLION)
TABLE 88. ABB: KEY EXECUTIVES
TABLE 89. ABB: COMPANY SNAPSHOT
TABLE 90. ABB: OPERATING SEGMENTS
TABLE 91. ABB: PRODUCT PORTFOLIO
TABLE 92. ABB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 93. SCHNEIDER ELECTRIC: KEY EXECUTIVES
TABLE 94. SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 95. SCHNEIDER ELECTRIC: OPERATING SEGMENTS
TABLE 96. SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 97. SCHNEIDER ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 98. SIEMENS: KEY EXECUTIVES
TABLE 99. SIEMENS: COMPANY SNAPSHOT
TABLE 100. SIEMENS: OPERATING SEGMENTS
TABLE 101. SIEMENS: PRODUCT PORTFOLIO
TABLE 102. SIEMENS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103. GENERAL ELECTRIC: KEY EXECUTIVES
TABLE 104. GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 105. GENERAL ELECTRIC: OPERATING SEGMENTS
TABLE 106. GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 107. GENERAL ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108. SMA SOLAR TECHNOLOGY AG: KEY EXECUTIVES
TABLE 109. SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT
TABLE 110. SMA SOLAR TECHNOLOGY AG: OPERATING SEGMENTS
TABLE 111. SMA SOLAR TECHNOLOGY AG: PRODUCT PORTFOLIO
TABLE 112. SMA SOLAR TECHNOLOGY AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113. HUAWEI TECHNOLOGIES CO., LTD.: KEY EXECUTIVES
TABLE 114. HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
TABLE 115. HUAWEI TECHNOLOGIES CO., LTD.: OPERATING SEGMENTS
TABLE 116. HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT PORTFOLIO
TABLE 117. HUAWEI TECHNOLOGIES CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 118. DELTA ELECTRONICS, INC.: KEY EXECUTIVES
TABLE 119. DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT
TABLE 120. DELTA ELECTRONICS, INC.: OPERATING SEGMENTS
TABLE 121. DELTA ELECTRONICS, INC.: PRODUCT PORTFOLIO
TABLE 122. DELTA ELECTRONICS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 123. ENPHASE ENERGY: KEY EXECUTIVES
TABLE 124. ENPHASE ENERGY: COMPANY SNAPSHOT
TABLE 125. ENPHASE ENERGY: OPERATING SEGMENTS
TABLE 126. ENPHASE ENERGY: PRODUCT PORTFOLIO
TABLE 127. ENPHASE ENERGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 128. HITACHI ENERGY LTD.: KEY EXECUTIVES
TABLE 129. HITACHI ENERGY LTD.: COMPANY SNAPSHOT
TABLE 130. HITACHI ENERGY LTD.: OPERATING SEGMENTS
TABLE 131. HITACHI ENERGY LTD.: PRODUCT PORTFOLIO
TABLE 132. HITACHI ENERGY LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 133. EATON: KEY EXECUTIVES
TABLE 134. EATON: COMPANY SNAPSHOT
TABLE 135. EATON: OPERATING SEGMENTS
TABLE 136. EATON: PRODUCT PORTFOLIO
TABLE 137. EATON: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 1. GLOBAL GRID FORMING INVERTERS MARKET, 2024 - 2033
FIGURE 2. SEGMENTATION OF GRID FORMING INVERTERS MARKET, 2024 - 2033
FIGURE 3. TOP INVESTMENT POCKET IN GRID FORMING INVERTERS MARKET
FIGURE 4. MODERATE BARGAINING POWER OF BUYERS
FIGURE 5. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 6. MODERATE THREAT OF NEW ENTRANTS
FIGURE 7. LOW THREAT OF SUBSTITUTION
FIGURE 8. HIGH COMPETITIVE RIVALRY
FIGURE 9. OPPORTUNITIES, RESTRAINTS AND DRIVERS: GLOBALGRID FORMING INVERTERS MARKET
FIGURE 10. GLOBAL GRID FORMING INVERTERS MARKET SEGMENTATION, BY TYPE
FIGURE 11. GRID FORMING INVERTERS MARKET FOR MICRO INVERTERS, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 12. GRID FORMING INVERTERS MARKET FOR CENTRAL INVERTERS, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 13. GRID FORMING INVERTERS MARKET FOR STRING INVERTERS, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 14. GLOBAL GRID FORMING INVERTERS MARKET SEGMENTATION, BY POWER RATING
FIGURE 15. GRID FORMING INVERTERS MARKET FOR BELOW 50 KW, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 16. GRID FORMING INVERTERS MARKET FOR 50-100 KW, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 17. GRID FORMING INVERTERS MARKET FOR ABOVE 100 KW, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 18. GLOBAL GRID FORMING INVERTERS MARKET SEGMENTATION, BY APPLICATION
FIGURE 19. GRID FORMING INVERTERS MARKET FOR WIND POWER PLANTS, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 20. GRID FORMING INVERTERS MARKET FOR SOLAR PV PLANTS, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 21. GRID FORMING INVERTERS MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 22. GRID FORMING INVERTERS MARKET FOR ENERGY STORAGE SYSTEM, BY COUNTRY, 2024 - 2033 ($BILLION)
FIGURE 23. TOP WINNING STRATEGIES, BY YEAR, 2021-2023*
FIGURE 24. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2021-2023*
FIGURE 25. TOP WINNING STRATEGIES, BY COMPANY, 2021-2023*
FIGURE 26. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 27. COMPETITIVE DASHBOARD
FIGURE 28. COMPETITIVE HEATMAP: GRID FORMING INVERTERS MARKET
FIGURE 29. TOP PLAYER POSITIONING, 2023
FIGURE 30. ABB: NET SALES, 2021-2023 ($BILLION)
FIGURE 31. ABB: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 32. ABB: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 33. SCHNEIDER ELECTRIC: NET SALES, 2021-2023 ($BILLION)
FIGURE 34. SCHNEIDER ELECTRIC: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 35. SCHNEIDER ELECTRIC: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 36. SIEMENS: NET SALES, 2021-2023 ($BILLION)
FIGURE 37. SIEMENS: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 38. SIEMENS: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 39. GENERAL ELECTRIC: NET SALES, 2021-2023 ($BILLION)
FIGURE 40. GENERAL ELECTRIC: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 41. GENERAL ELECTRIC: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 42. SMA SOLAR TECHNOLOGY AG: NET SALES, 2021-2023 ($BILLION)
FIGURE 43. SMA SOLAR TECHNOLOGY AG: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 44. SMA SOLAR TECHNOLOGY AG: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 45. HUAWEI TECHNOLOGIES CO., LTD.: NET SALES, 2021-2023 ($BILLION)
FIGURE 46. HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 47. HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 48. DELTA ELECTRONICS, INC.: NET SALES, 2021-2023 ($BILLION)
FIGURE 49. DELTA ELECTRONICS, INC.: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 50. DELTA ELECTRONICS, INC.: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 51. ENPHASE ENERGY: NET SALES, 2021-2023 ($BILLION)
FIGURE 52. ENPHASE ENERGY: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 53. ENPHASE ENERGY: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 54. HITACHI ENERGY LTD.: NET SALES, 2021-2023 ($BILLION)
FIGURE 55. HITACHI ENERGY LTD.: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 56. HITACHI ENERGY LTD.: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 57. EATON: NET SALES, 2021-2023 ($BILLION)
FIGURE 58. EATON: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 59. EATON: REVENUE SHARE, BY REGION, 2023 (%)
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