Grid-forming Inverter Market by Power Rating (Below 50 KW, 50-100 KW, Above 100 KW), Voltage ( 100-300 V, 300-500 V, Above 500 V), Type (Micro Inverters, String Inverters, Central Inverters), Application & Region - Global Forecast to 2028

Abstract
The global grid-forming inverter market is estimated to grow from USD 1,042 million by 2028 from an estimated of USD 680 million in 2023; it is expected to record a CAGR of 8.9% during the forecast period. The grid-forming inverters play a vital role in effectively managing the large influx of renewable energy and ensuring grid stability.

“Above 100 KW: The second largest- growing segment of the grid-forming inverter market”

Based on by power rating of grid-forming inverter , the above 100 KW segment is estimated to be the second largest-growing market from 2023 to 2028. Above 100 kW grid-forming inverters provide grid stability and resilience by offering grid support services, such as frequency regulation, voltage control, and reactive power compensation. These services are especially critical in regions with high renewable energy integration.

“String Inverters: The second largest segment by standard in grid-forming inverter market”

The string inverters segment, by type, is projected to hold the second largest market size during the forecast period. String inverters are generally more cost-effective than central inverters for smaller-scale solar PV installations. They offer a good balance between performance and affordability, making them an attractive choice for residential and small commercial projects. The installation and maintenance of string grid-forming inverters are relatively straightforward, and they typically have lower maintenance requirements compared to more complex central grid-forming inverters.

“Wind Power Plants: The second largest segment by application in grid-forming inverter market”

The wind power plants segment, by application is projected to hold the second largest market size during the forecast period. Grid-forming inverters are increasingly being utilized in wind power plants to support grid stability and enhance the integration of wind energy into the electricity grid. These specialized inverters play a crucial role in creating and maintaining a stable grid environment, allowing wind power plants to operate in grid-forming mode rather than relying solely on the stability of the existing grid.

“North America: The second fastest-growing region in grid-forming inverter market”

North America is estimated to hold the second fastest market share in the grid-forming inverter market. The increasing focus on grid resilience and preparedness for natural disasters is leading to a greater interest in microgrid solutions that incorporate grid-forming inverters. The interest in microgrids is rising in North America, particularly for critical facilities, military bases, and remote communities. Grid-forming inverters are vital components of microgrids, allowing them to operate autonomously or in coordination with the main grid.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The grid-forming inverter market is dominated by a few major players that have a wide regional presence. The leading players in the grid-forming inverter market are Huawei Technologies Co. Ltd. (China), General Electric (US), SMA Solar Technology (Germany), Games Electric (Spain) and FIMER Group (Italy).

Research Coverage:
The report defines, describes, and forecasts the global grid-forming market, by power rating, voltage, type, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the grid-forming inverter market.

Key Benefits of Buying the Report
•Renewable energy sources, such as solar and wind, are intermittent, meaning they do not always produce power at the same rate. This can cause problems for the grid, leading to voltage fluctuations and frequency instability. Grid-forming inverters can help mitigate these problems by actively controlling the grid voltage and frequency. Grid-forming inverters are typically more expensive than grid-following inverters because of the extra complexity. The additional cost of grid-forming inverters is justified by the benefits they offer, such as improved stability and reliability of the grid and reduced cost of renewable energy integration.
•Product Development/ Innovation: Advanced control algorithms are being used to improve the dynamic response of grid-forming inverters. This means that they can respond more quickly to changes in the grid voltage and frequency, which can help improve the stability of the grid. Improved communication protocols are being developed to allow grid-forming inverters to communicate more effectively with each other and the grid.
•Market Development: The growing adoption of electric vehicles (EVs) is increasing demand for smart charging solutions and grid integration technologies, where grid-forming inverters can play a role. rid-forming inverters can be combined with energy storage systems to enable efficient energy management and enhance grid stability. The growth of energy storage projects further drives the demand for these inverters.
•Market Diversification: This strategy aims to explore new opportunities, reduce reliance on a single market segment, and spread business risks across multiple sectors. Expanding grid-forming inverter applications to residential and commercial microgrids can provide localized energy solutions and improve energy resiliency. As utilities and grid operators invest in smart grid technologies and grid modernization initiatives, grid-forming inverters can play a crucial role in enhancing grid stability and flexibility.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Huawei Technologies Co. Ltd. (China), General Electric (US), SMA Solar Technology (Germany), Games Electric (Spain) and FIMER Group (Italy)

Content
Table of Contents

1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.3INCLUSIONS AND EXCLUSIONS35
TABLE 1GRID-FORMING INVERTER MARKET, BY POWER RATING: INCLUSIONS AND EXCLUSIONS35
TABLE 2GRID-FORMING INVERTER MARKET, BY VOLTAGE: INCLUSIONS AND EXCLUSIONS35
TABLE 3GRID-FORMING INVERTER MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS35
TABLE 4GRID-FORMING INVERTER MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS35
1.4MARKET SCOPE36
FIGURE 1GRID-FORMING INVERTER MARKET SEGMENTATION36
1.4.1REGIONAL SCOPE36
1.4.2YEARS CONSIDERED37
1.5CURRENCY CONSIDERED37
1.6LIMITATIONS37
1.7STAKEHOLDERS38
1.8RECESSION IMPACT38
2RESEARCH METHODOLOGY39
2.1RESEARCH DATA39
FIGURE 2GRID-FORMING INVERTER MARKET: RESEARCH DESIGN39
2.2MARKET BREAKDOWN AND DATA TRIANGULATION40
FIGURE 3DATA TRIANGULATION METHODOLOGY40
2.2.1SECONDARY DATA41
2.2.1.1Key data from secondary sources41
2.2.2PRIMARY DATA41
2.2.2.1Key data from primary sources42
2.2.2.2Breakdown of primaries42
2.3GRID-FORMING INVERTER MARKET: RECESSION IMPACT43
2.4REPORT SCOPE44
FIGURE 4MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR GRID-FORMING INVERTERS44
2.5MARKET SIZE ESTIMATION45
2.5.1BOTTOM-UP APPROACH45
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH45
2.5.2TOP-DOWN APPROACH46
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH46
2.5.3DEMAND-SIDE ANALYSIS47
2.5.3.1Regional analysis47
2.5.3.2Country-level analysis48
2.5.3.3Assumptions for demand-side analysis48
2.5.3.4Calculations for demand-side analysis48
2.5.4SUPPLY-SIDE ANALYSIS49
FIGURE 7KEY STEPS CONSIDERED TO ASSESS SUPPLY OF GRID-FORMING INVERTERS49
FIGURE 8GRID-FORMING INVERTER MARKET: SUPPLY-SIDE ANALYSIS50
2.5.4.1Assumptions for supply-side analysis50
2.5.4.2Calculations for supply-side analysis50
FIGURE 9COMPANY REVENUE ANALYSIS, 202251
2.5.5GROWTH FORECAST51
3EXECUTIVE SUMMARY52
TABLE 5GRID-FORMING INVERTER MARKET SNAPSHOT53
FIGURE 10BELOW 50 KW SEGMENT TO DOMINATE GRID-FORMING INVERTER MARKET, BY POWER RATING, IN 202854
FIGURE 11300–500 V TO BE FASTEST-GROWING SEGMENT IN GRID-FORMING INVERTER MARKET, BY VOLTAGE, DURING 2023–202854
FIGURE 12CENTRAL INVERTERS TO EXHIBIT HIGHEST CAGR IN GRID-FORMING INVERTER MARKET, BY TYPE, DURING FORECAST PERIOD55
FIGURE 13SOLAR PV PLANTS TO HOLD LARGEST SHARE OF GRID-FORMING INVERTER MARKET, BY APPLICATION, IN 202855
FIGURE 14ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF GRID-FORMING INVERTER MARKET IN 202256
4PREMIUM INSIGHTS57
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GRID-FORMING INVERTER MARKET57
FIGURE 15INCREASING INSTALLATION OF RENEWABLE ENERGY PROJECTS AND INTEGRATION OF CLEAN POWER INTO GRIDS TO CREATE OPPORTUNITIES FOR PLAYERS IN GRID-FORMING INVERTER MARKET57
4.2GRID-FORMING INVERTER MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY58
FIGURE 16SOLAR PV PLANTS AND CHINA TO HOLD LARGEST SHARES OF GRID-FORMING INVERTER MARKET IN ASIA PACIFIC IN 203358
4.3GRID-FORMING INVERTER MARKET, BY POWER RATING58
FIGURE 17BELOW 50 KW SEGMENT TO DOMINATE GRID-FORMING INVERTER MARKET IN 203358
4.4GRID-FORMING INVERTER MARKET, BY VOLTAGE59
FIGURE 18ABOVE 500 V SEGMENT TO HOLD LARGEST SHARE OF GRID-FORMING INVERTER MARKET IN 203359
4.5GRID-FORMING INVERTER MARKET, BY TYPE59
FIGURE 19CENTRAL INVERTERS TO LEAD GRID-FORMING INVERTER MARKET IN 203359
4.6GRID-FORMING INVERTER MARKET, BY APPLICATION59
FIGURE 20SOLAR PV PLANTS TO LEAD GRID-FORMING INVERTER MARKET IN 203359
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MARKET DYNAMICS60
FIGURE 21GRID-FORMING INVERTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES60
5.2.1DRIVERS61
5.2.1.1Rising investments in renewable energy sector61
FIGURE 22GLOBAL INVESTMENTS IN RENEWABLE ENERGY SECTOR61
5.2.1.2Growing demand for distributed solar energy resources supported by government-LED incentives62
FIGURE 23GLOBAL SOLAR PV ELECTRICITY GENERATION62
5.2.2RESTRAINTS63
5.2.2.1More expensive than traditional grid-following inverters63
5.2.2.2Grid-forming inverters are not compatible with all existing grid infrastructure63
5.2.3OPPORTUNITIES64
5.2.3.1Rising demand for electric vehicles64
FIGURE 24ANNUAL CLEAN ENERGY INVESTMENTS IN ELECTRIC VEHICLES64
5.2.3.2Growing investments in smart grid development65
5.2.3.3Growing adoption of high-power density inverters65
5.2.4CHALLENGES66
5.2.4.1Incompatibility of control algorithms used by grid-forming inverters with grid operating systems66
5.2.4.2Grid codes and regulations to pose challenge for grid-forming inverter deployment66
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS67
5.3.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR GRID-FORMING INVERTER MANUFACTURERS67
FIGURE 25REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN GRID-FORMING INVERTER MARKET67
5.4TECHNOLOGY ANALYSIS67
5.4.1ADVANCED CONTROL ALGORITHMS67
5.4.2IMPROVED COMMUNICATION PROTOCOLS68
5.4.3NEW HARDWARE ARCHITECTURES68
5.4.4MACHINE LEARNING68
5.5KEY CONFERENCES AND EVENTS, 2022–202368
TABLE 6GRID-FORMING INVERTER MARKET: DETAILED LIST OF CONFERENCES AND EVENTS68
5.6MARKET MAP69
FIGURE 26GRID-FORMING INVERTER MARKET MAP69
5.7VALUE CHAIN ANALYSIS70
FIGURE 27GRID-FORMING INVERTER MARKET VALUE CHAIN70
5.7.1RESEARCH AND DEVELOPMENT70
5.7.2COMPONENT PROVIDERS70
5.7.3MANUFACTURERS/ASSEMBLERS70
5.7.4SYSTEM INTEGRATORS AND DISTRIBUTORS71
5.7.5END USERS71
5.7.6POST-SALES SERVICES71
5.8INNOVATIONS AND PATENT REGISTRATIONS71
TABLE 7GRID-FORMING INVERTER MARKET: PATENTS AND INNOVATIONS71
5.9AVERAGE SELLING PRICE TREND72
FIGURE 28AVERAGE SELLING PRICE OF GRID-FORMING INVERTERS OF DIFFERENT OUTPUT POWER RATINGS73
5.10TRADE DATA STATISTICS73
TABLE 8ELECTRICAL STATIC CONVERTER MARKET: IMPORT STATISTICS, 2019–2021 (USD MILLION)73
TABLE 9ELECTRICAL STATIC CONVERTER MARKET: EXPORT STATISTICS, 2019–2021 (USD MILLION)73
5.11CASE STUDY ANALYSIS74
5.11.1ACHIEVE RELIABLE AND STABLE GRID OPERATION74
5.11.1.1Problem Statement74
5.11.2ENHANCE STABILITY AND FLEXIBILITY OF LOCAL GRID75
5.11.3CHALLENGES ASSOCIATED WITH GRID STABILITY76
5.11.4MAINTAINING GRID STABILITY77
5.11.5REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 10NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 11EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 12ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 13ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
TABLE 14GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
5.11.6CODES AND REGULATIONS RELATED TO GRID-FORMING INVERTERS80
TABLE 15GLOBAL: CODES AND REGULATIONS80
5.12PORTER’S FIVE FORCES ANALYSIS81
FIGURE 29GRID-FORMING INVERTER MARKET: PORTER’S FIVE FORCES ANALYSIS81
TABLE 16GRID-FORMING INVERTER MARKET: PORTER’S FIVE FORCES ANALYSIS81
5.12.1THREAT OF NEW ENTRANTS82
5.12.2BARGAINING POWER OF SUPPLIERS82
5.12.3BARGAINING POWER OF BUYERS82
5.12.4THREAT OF SUBSTITUTES82
5.12.5INTENSITY OF COMPETITIVE RIVALRY83
5.13KEY STAKEHOLDERS AND BUYING CRITERIA83
5.13.1KEY STAKEHOLDERS IN BUYING PROCESS83
FIGURE 30INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER83
TABLE 17INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)83
5.13.2BUYING CRITERIA84
FIGURE 31KEY BUYING CRITERIA FOR END USERS84
TABLE 18KEY BUYING CRITERIA, BY END USER84
6GRID-FORMING INVERTER MARKET, BY VOLTAGE85
6.1INTRODUCTION86
FIGURE 32GRID-FORMING INVERTER MARKET SHARE, BY VOLTAGE, 202286
TABLE 19GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)86
TABLE 20GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2029–2033 (USD MILLION)86
6.2100–300 V87
6.2.1RISING ELECTRICITY DEMAND FROM RESIDENTIAL SECTOR TO DRIVE MARKET87
TABLE 21100–300 V: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)87
TABLE 22100–300 V: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)87
6.3300–500 V88
6.3.1NEED FOR EFFICIENT POWER SUPPLY IN COMMERCIAL SECTOR TO PROPEL MARKET88
TABLE 23300–500 V: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)88
TABLE 24300–500 V: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)88
6.4ABOVE 500 V89
6.4.1RISING INVESTMENTS IN DEVELOPMENT OF UTILITY-SCALE RENEWABLE POWER PROJECTS TO SUPPORT MARKET GROWTH89
TABLE 25ABOVE 500 V: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)89
TABLE 26ABOVE 500 V: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)89
7GRID-FORMING INVERTER MARKET, BY POWER RATING90
7.1INTRODUCTION91
FIGURE 33GRID-FORMING INVERTER MARKET SHARE, BY POWER RATING, 202291
TABLE 27GRID-FORMING INVERTER MARKET, BY POWER RATING, 2021–2028 (USD MILLION)91
TABLE 28GRID-FORMING INVERTER MARKET, BY POWER RATING, 2029–2033 (USD MILLION)91
7.2BELOW 50 KW92
7.2.1RISING DEMAND FOR BELOW 50 KW INVERTERS FROM RESIDENTIAL APPLICATIONS TO DRIVE MARKET92
TABLE 29BELOW 50 KW: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)92
TABLE 30BELOW 50 KW: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)92
7.350–100 KW93
7.3.1GROWING DEMAND FOR GRID-FORMING INVERTERS IN EV CHARGING INFRASTRUCTURE TO BOOST MARKET GROWTH93
TABLE 3150–100 KW: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)93
TABLE 3250–100 KW: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)93
7.4ABOVE 100 KW94
7.4.1RISING NUMBER OF PV PLANTS AND EXPANDING AUTOMOTIVE INDUSTRY TO FUEL MARKET GROWTH94
TABLE 33ABOVE 100 KW: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)94
TABLE 34ABOVE 100 KW: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)94
8GRID-FORMING INVERTER MARKET, BY TYPE96
8.1INTRODUCTION97
FIGURE 34GRID-FORMING INVERTER MARKET SHARE, BY TYPE, 202297
TABLE 35GRID-FORMING INVERTER MARKET, BY TYPE, 2021–2028 (USD MILLION)97
TABLE 36GRID-FORMING INVERTER MARKET, BY TYPE, 2029–2033 (USD MILLION)97
8.2MICRO INVERTERS98
8.2.1ADVANCED MONITORING CAPABILITIES OF MICROGRID INVERTERS TO DRIVE MARKET98
TABLE 37MICRO INVERTERS: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)98
TABLE 38MICRO INVERTERS: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)98
8.2.2CENTRAL INVERTERS99
8.2.2.1Rising demand for central inverters in PV plants to fuel market growth99
TABLE 39CENTRAL INVERTERS: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)99
TABLE 40CENTRAL INVERTERS: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)99
8.2.3STRING INVERTERS100
8.2.3.1Low installation costs for solar projects in residential and commercial sectors to boost market100
TABLE 41STRING INVERTERS: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)100
TABLE 42STRING INVERTERS: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)100
9GRID-FORMING INVERTER MARKET, BY APPLICATION101
9.1INTRODUCTION102
FIGURE 35GRID-FORMING INVERTER MARKET SHARE, BY APPLICATION, 2022102
TABLE 43GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)102
TABLE 44GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)103
9.2SOLAR PV PLANTS103
9.2.1GOVERNMENT-LED INITIATIVES TO PROMOTE INSTALLATION OF SOLAR POWER PLANTS TO FOSTER MARKET GROWTH103
TABLE 45SOLAR PV PLANTS: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)103
TABLE 46SOLAR PV PLANTS: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)104
9.3WIND POWER PLANTS104
9.3.1NEED TO INTEGRATE OFFSHORE WIND POWER WITH POWER SUPPLY GRID TO PROPEL MARKET GROWTH104
TABLE 47WIND POWER PLANTS: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)104
TABLE 48WIND POWER PLANTS: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)105
9.4ELECTRIC VEHICLES105
9.4.1RISING ADOPTION OF ELECTRIC VEHICLES AS NEW MODE OF TRANSPORT TO FUEL DEMAND105
TABLE 49ELECTRIC VEHICLES: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)105
TABLE 50ELECTRIC VEHICLES: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)106
9.5ENERGY STORAGE SYSTEMS106
9.5.1INCREASING NEED FOR ENERGY STORAGE SYSTEMS TO SUPPORT POWER GRID TO DRIVE MARKET106
TABLE 51ENERGY STORAGE SYSTEMS: GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)106
TABLE 52ENERGY STORAGE SYSTEMS: GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)107
10GRID-FORMING INVERTER MARKET, BY REGION108
10.1INTRODUCTION109
FIGURE 36GRID-FORMING INVERTER MARKET, BY REGION, 2022109
FIGURE 37GRID-FORMING INVERTER MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2023 TO 2028110
TABLE 53GRID-FORMING INVERTER MARKET, BY REGION, 2021–2028 (USD MILLION)110
TABLE 54GRID-FORMING INVERTER MARKET, BY REGION, 2029–2033 (USD MILLION)110
10.2ASIA PACIFIC111
FIGURE 38ASIA PACIFIC: GRID-FORMING INVERTER MARKET SNAPSHOT112
10.2.1BY POWER RATING112
TABLE 55ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2021–2028 (USD MILLION)112
TABLE 56ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2029–2033 (USD MILLION)113
10.2.2BY VOLTAGE113
TABLE 57ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)113
TABLE 58ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2029–2033 (USD MILLION)113
10.2.3BY TYPE114
TABLE 59ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY TYPE, 2021–2028 (USD MILLION)114
TABLE 60ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY TYPE, 2029–2033 (USD MILLION)114
10.2.4BY APPLICATION114
TABLE 61ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)114
TABLE 62ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)115
10.2.5BY COUNTRY115
TABLE 63ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)115
TABLE 64ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2029–2033 (USD MILLION)115
10.2.5.1China116
10.2.5.1.1Favorable government policies supporting renewable energy projects to drive demand116
TABLE 65CHINA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)116
TABLE 66CHINA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)116
10.2.5.2India117
10.2.5.2.1Rising number of solar rooftop installations and increasing power shortage to fuel market growth117
TABLE 67INDIA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)118
TABLE 68INDIA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)118
10.2.5.3Japan118
10.2.5.3.1Increasing investments in residential and PV utility-scale sectors to drive market118
TABLE 69JAPAN: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)119
TABLE 70JAPAN: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)119
10.2.5.4Australia119
10.2.5.4.1Presence of favorable government policies for solar energy generation to boost solar inverter market119
TABLE 71AUSTRALIA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)120
TABLE 72AUSTRALIA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)120
10.2.5.5South Korea120
10.2.5.5.1Reduced dependency on fossil fuels and increased clean energy use to propel market growth120
TABLE 73SOUTH KOREA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)121
TABLE 74SOUTH KOREA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)121
10.2.5.6Rest of Asia Pacific121
TABLE 75REST OF ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)122
TABLE 76REST OF ASIA PACIFIC: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)122
10.2.6RECESSION IMPACT ON GRID-FORMING MARKET IN ASIA PACIFIC122
10.3EUROPE123
FIGURE 39EUROPE: GRID-FORMING INVERTER MARKET SNAPSHOT123
10.3.1BY POWER RATING124
TABLE 77EUROPE: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2021–2028 (USD MILLION)124
TABLE 78EUROPE: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2029–2033 (USD MILLION)124
10.3.2BY VOLTAGE124
TABLE 79EUROPE: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)124
TABLE 80EUROPE: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2029–2033 (USD MILLION)124
10.3.3BY TYPE125
TABLE 81EUROPE: GRID-FORMING INVERTER MARKET, BY TYPE, 2021–2028 (USD MILLION)125
TABLE 82EUROPE: GRID-FORMING INVERTER MARKET, BY TYPE, 2029–2033 (USD MILLION)125
10.3.4BY APPLICATION125
TABLE 83EUROPE: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)125
TABLE 84EUROPE: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)126
10.3.5BY COUNTRY126
TABLE 85EUROPE: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)126
TABLE 86EUROPE: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2029–2033 (USD MILLION)126
10.3.5.1Spain127
10.3.5.1.1Favorable investments in renewable energy to fuel market growth127
TABLE 87SPAIN: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)127
TABLE 88SPAIN: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)127
10.3.5.2Germany128
10.3.5.2.1Rise in number of solar power projects to support market growth128
TABLE 89GERMANY: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)128
TABLE 90GERMANY: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)128
10.3.5.3France129
10.3.5.3.1Government support for utilizing renewable energy for power generation to drive market129
TABLE 91FRANCE: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)129
TABLE 92FRANCE: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)129
10.3.5.4Netherlands130
10.3.5.4.1Favorable government policies for offshore wind energy projects to boost market growth130
TABLE 93NETHERLANDS: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)130
TABLE 94NETHERLANDS: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)130
10.3.5.5Italy131
10.3.5.5.1Transition to more sustainable and low-carbon energy system to fuel market growth131
TABLE 95ITALY: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)131
TABLE 96ITALY: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)131
10.3.5.6UK132
10.3.5.6.1Modernization of electricity grid to accommodate new technologies to foster market growth132
TABLE 97UK: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)132
TABLE 98UK: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)132
10.3.5.7Rest of Europe133
TABLE 99REST OF EUROPE: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)133
TABLE 100REST OF EUROPE: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)133
10.3.6RECESSION IMPACT ON GRID-FORMING INVERTER MARKET IN EUROPE134
10.4NORTH AMERICA134
10.4.1BY POWER RATING134
TABLE 101NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2021–2028 (USD MILLION)134
TABLE 102NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2029–2033 (USD MILLION)134
10.4.2BY VOLTAGE135
TABLE 103NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)135
TABLE 104NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2029–2033 (USD MILLION)135
10.4.3BY TYPE135
TABLE 105NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY TYPE, 2021–2028 (USD MILLION)135
TABLE 106NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY TYPE, 2029–2033 (USD MILLION)136
10.4.4BY APPLICATION136
TABLE 107NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)136
TABLE 108NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)136
10.4.5BY COUNTRY137
TABLE 109NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)137
TABLE 110NORTH AMERICA: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2029–2033 (USD MILLION)137
10.4.5.1US137
10.4.5.1.1Expanding power sector to support market growth137
TABLE 111US: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)138
TABLE 112US: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)138
10.4.5.2Canada138
10.4.5.2.1Accelerating renewable energy transition to boost market growth138
TABLE 113CANADA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)139
TABLE 114CANADA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)139
10.4.5.3Mexico139
10.4.5.3.1Grid modernization with clean power to drive demand for grid-forming generators139
TABLE 115MEXICO: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)140
TABLE 116MEXICO: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)140
10.4.6RECESSION IMPACT ON GRID-FORMING INVERTER MARKET IN NORTH AMERICA140
10.5SOUTH AMERICA141
10.5.1BY POWER RATING141
TABLE 117SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2021–2028 (USD MILLION)141
TABLE 118SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2029–2033 (USD MILLION)141
10.5.2BY VOLTAGE142
TABLE 119SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)142
TABLE 120SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2029–2033 (USD MILLION)142
10.5.3BY TYPE142
TABLE 121SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY TYPE, 2021–2028 (USD MILLION)142
TABLE 122SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY TYPE, 2029–2033 (USD MILLION)143
10.5.4BY APPLICATION143
TABLE 123SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)143
TABLE 124SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)143
10.5.5BY COUNTRY144
TABLE 125SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)144
TABLE 126SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2029–2033 (USD MILLION)144
10.5.5.1Brazil144
10.5.5.1.1Increasing investments in solar energy technology to propel demand for grid-forming inverters144
TABLE 127BRAZIL: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)145
TABLE 128BRAZIL: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)145
10.5.5.2Argentina145
10.5.5.2.1Transition to renewable energy to meet energy demand to drive market145
TABLE 129ARGENTINA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)146
TABLE 130ARGENTINA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)146
10.5.5.3Chile146
10.5.5.3.1Need to integrate clean energy into the power grid to support market growth146
TABLE 131CHILE: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)147
TABLE 132CHILE: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)147
10.5.5.4Rest of South America147
TABLE 133REST OF SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)148
TABLE 134REST OF SOUTH AMERICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)148
10.5.6RECESSION IMPACT ON GRID-FORMING INVERTER MARKET IN SOUTH AMERICA148
10.6MIDDLE EAST & AFRICA149
10.6.1BY POWER RATING149
TABLE 135MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2021–2028 (USD MILLION)149
TABLE 136MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY POWER RATING, 2029–2033 (USD MILLION)149
10.6.2BY VOLTAGE150
TABLE 137MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)150
TABLE 138MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY VOLTAGE, 2029–2033 (USD MILLION)150
10.6.3BY TYPE150
TABLE 139MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY TYPE, 2021–2028 (USD MILLION)150
TABLE 140MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY TYPE, 2029–2033 (USD MILLION)151
10.6.4BY APPLICATION151
TABLE 141MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)151
TABLE 142MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)151
10.6.5BY COUNTRY152
TABLE 143MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2021–2028 (USD MILLION)152
TABLE 144MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY COUNTRY, 2029–2033 (USD MILLION)152
10.6.5.1Saudi Arabia152
10.6.5.1.1Increasing investments in EV sector and favorable government initiatives to drive market152
TABLE 145SAUDI ARABIA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)153
TABLE 146SAUDI ARABIA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)153
10.6.5.2Turkey154
10.6.5.2.1Prioritizing renewable energy sources for power generation to fuel demand for grid-forming inverters154
TABLE 147TURKEY: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)154
TABLE 148TURKEY: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)155
10.6.5.3Egypt155
10.6.5.3.1Transition to sustainable electricity sector to drive demand for grid-forming inverters155
TABLE 149EGYPT: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)156
TABLE 150EGYPT: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)156
10.6.5.4South Africa156
10.6.5.4.1Active investments in large-scale solar power projects to fuel market growth156
TABLE 151SOUTH AFRICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)157
TABLE 152SOUTH AFRICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)157
10.6.5.5Rest of Middle East & Africa158
TABLE 153REST OF MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2021–2028 (USD MILLION)158
TABLE 154REST OF MIDDLE EAST & AFRICA: GRID-FORMING INVERTER MARKET, BY APPLICATION, 2029–2033 (USD MILLION)159
10.6.6RECESSION IMPACT ON GRID-FORMING INVERTER MARKET IN MIDDLE EAST & AFRICA159
11COMPETITIVE LANDSCAPE160
11.1STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN160
TABLE 155OVERVIEW OF STRATEGIES ADOPTED BY TOP PLAYERS, JANUARY 2019–MARCH 2023160
11.2MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS162
FIGURE 40GRID-FORMING INVERTER MARKET SHARE ANALYSIS, 2022162
11.3REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS163
FIGURE 41TOP PLAYERS IN GRID-FORMING INVERTER MARKET FROM 2018 TO 2022163
11.4KEY COMPANY EVALUATION MATRIX, 2022164
11.4.1STARS164
11.4.2PERVASIVE PLAYERS164
11.4.3EMERGING LEADERS164
11.4.4PARTICIPANTS164
FIGURE 42GRID-FORMING INVERTER MARKET (GLOBAL): KEY COMPANY EVALUATION MATRIX, 2022165
11.5STARTUPS/SMES EVALUATION MATRIX, 2022166
11.5.1PROGRESSIVE COMPANIES166
11.5.2RESPONSIVE COMPANIES166
11.5.3DYNAMIC COMPANIES166
11.5.4STARTING BLOCKS166
FIGURE 43GRID-FORMING INVERTER MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022167
11.5.5COMPETITIVE BENCHMARKING168
TABLE 156GRID-FORMING INVERTER MARKET: DETAILED LIST OF KEY STARTUPS/SMES168
TABLE 157GRID FORMING INVERTER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES169
11.6GRID-FORMING INVERTER MARKET: COMPANY FOOTPRINT170
TABLE 158COMPANY FOOTPRINT, BY TYPE170
TABLE 159COMPANY FOOTPRINT, BY POWER RATING171
TABLE 160COMPANY FOOTPRINT, BY REGION172
TABLE 161COMPANY FOOTPRINT173
11.7COMPETITIVE SCENARIO174
TABLE 162GRID-FORMING INVERTER MARKET: PRODUCT LAUNCHES, SEPTEMBER 2019–JULY 2023174
TABLE 163GRID-FORMING INVERTER MARKET: DEALS, NOVEMBER 2019–JULY 2023175
TABLE 164GRID-FORMING INVERTER MARKET: OTHERS, NOVEMBER 2021–JULY 2023176
12COMPANY PROFILE177
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1KEY PLAYERS177
12.1.1HUAWEI TECHNOLOGIES CO., LTD.177
TABLE 165HUAWEI TECHNOLOGIES CO., LTD.: BUSINESS OVERVIEW177
FIGURE 44HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT178
TABLE 166HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT/SOLUTION/SERVICE OFFERED178
TABLE 167HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT LAUNCH179
TABLE 168HUAWEI TECHNOLOGIES CO., LTD.: DEAL179
12.1.2SUNGROW182
TABLE 169SUNGROW: BUSINESS OVERVIEW182
FIGURE 45SUNGROW: COMPANY SNAPSHOT182
TABLE 170SUNGROW: PRODUCT/SOLUTION/SERVICE OFFERED183
TABLE 171SUNGROW: PRODUCT LAUNCH183
TABLE 172SUNGROW: DEAL183
TABLE 173SUNGROW: OTHER184
12.1.3SMA SOLAR TECHNOLOGY AG185
TABLE 174SMA SOLAR TECHNOLOGY AG: BUSINESS OVERVIEW185
FIGURE 46SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT186
TABLE 175SMA SOLAR TECHNOLOGY AG: PRODUCT/SOLUTION/SERVICE OFFERED186
TABLE 176SMA SOLAR TECHNOLOGY AG: PRODUCT LAUNCH187
TABLE 177SMA SOLAR TECHNOLOGY AG: DEAL188
TABLE 178SMA SOLAR TECHNOLOGY AG: OTHER188
12.1.4POWER ELECTRONICS S.L.190
TABLE 179POWER ELECTRONICS S.L.: BUSINESS OVERVIEW190
TABLE 180POWER ELECTRONICS S.L.: PRODUCT/SOLUTION/SERVICE OFFERED190
TABLE 181POWER ELECTRONICS S.L.: PRODUCT LAUNCH191
12.1.5FIMER GROUP192
TABLE 182FIMER GROUP: BUSINESS OVERVIEW192
TABLE 183FIMER GROUP: PRODUCT/SOLUTION/SERVICE OFFERED192
TABLE 184FIMER: DEAL193
TABLE 185FIMER: OTHER193
12.1.6SOLAREDGE TECHNOLOGIES195
TABLE 186SOLAREDGE TECHNOLOGIES: BUSINESS OVERVIEW195
FIGURE 47SOLAREDGE TECHNOLOGIES: COMPANY SNAPSHOT196
TABLE 187SOLAREDGE TECHNOLOGIES: PRODUCT/SOLUTION/SERVICE OFFERED196
TABLE 188SOLAREDGE TECHNOLOGIES: PRODUCT LAUNCH197
TABLE 189SOLAREDGE TECHNOLOGIES: DEALS197
12.1.7FRONIUS INTERNATIONAL GMBH198
TABLE 190FRONIUS INTERNATIONAL GMBH: BUSINESS OVERVIEW198
TABLE 191FRONIUS INTERNATIONAL GMBH: PRODUCT/SOLUTION/SERVICE OFFERED198
TABLE 192FRONIUS INTERNATIONAL GMBH: DEAL199
12.1.8GOODWE200
TABLE 193GOODWE: BUSINESS OVERVIEW200
TABLE 194GOODWE: PRODUCT/SOLUTION/SERVICE OFFERED200
TABLE 195GOODWE: OTHERS201
12.1.9ENPHASE ENERGY202
TABLE 196ENPHASE ENERGY: BUSINESS OVERVIEW202
FIGURE 48ENPHASE ENERGY: COMPANY SNAPSHOT202
TABLE 197ENPHASE ENERGY: PRODUCT/SOLUTION/SERVICE OFFERED203
TABLE 198ENPHASE ENERGY: PRODUCT LAUNCH203
TABLE 199ENPHASE ENERGY: DEAL203
12.1.10SCHNEIDER ELECTRIC205
TABLE 200SCHNEIDER ELECTRIC: BUSINESS OVERVIEW205
FIGURE 49SCHNEIDER ELECTRIC: COMPANY SNAPSHOT206
TABLE 201SCHNEIDER ELECTRIC: PRODUCT/SOLUTION/SERVICE OFFERED206
TABLE 202SCHNEIDER ELECTRIC: DEAL207
TABLE 203SCHNEIDER ELECTRIC: OTHER207
12.1.11GENERAL ELECTRIC208
TABLE 204GENERAL ELECTRIC: BUSINESS OVERVIEW208
FIGURE 50GENERAL ELECTRIC: COMPANY SNAPSHOT209
TABLE 205GENERAL ELECTRIC: PRODUCT/SOLUTION/SERVICE OFFERED209
TABLE 206GENERAL ELECTRIC: OTHER210
12.1.12DELTA ELECTRONICS, INC.211
TABLE 207DELTA ELECTRONICS, INC.: BUSINESS OVERVIEW211
FIGURE 51DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT212
TABLE 208DELTA ELECTRONICS: PRODUCT/SOLUTION