Solar Inverter Market Research Report - Global Forecast till 2025

COVID-19 Outbreak Impact on Solar Inverter Market

ID: MRFR/E&P/2739-CR | April, 2020 | Region : Global

Impact of Covid-19 Outbreak on Solar Inverter Market
Solar Inverter Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


The impact of COVID-19 on the worldwide economy is changing day by day. It is proving to be a challenge for the renewable industry, resulting in a shortage of raw material supply and impending job losses. In the energy & power industry, companies are dealing with several challenges due to a decline in electricity prices post the COVID-19 outbreak. Moreover, as China is the largest market for solar energy generation, the slowdown in the country’s economic growth has affected the overall generation and renewable energy investment globally. The country is a leader in terms of solar photovoltaic installations and the production of solar inverters and PV panels. According to Global Energy Data, China contributes more than 35% of the global solar installation. The country’s annual installation was expected to reach around 30 GW by 2020. However, COVID-19 is likely to impact solar installations in 2020. Furthermore, the US is majorly dependent on solar PV production from China. The COVID-19 outbreak beginning in China has led to a shortage of supply in the US. Additionally, two of the leading solar inverter manufacturers, SolarEdge and Enphase, providing residential solar inverters in the US, warned reduction in power demand and declining growth rate in the first and second quarters of 2020.


FIGURE: NET GENERATION FROM SOLAR PHOTOVOLTAIC, 20122019
NET GENERATION FROM SOLAR PHOTOVOLTAIC


Source: Energy Information Administration (EIA)


The COVID-19 outbreak is also threatening project schedules in the US solar energy market due to impacted supply chains and demand in the fast-growing solar industry. Two major issues faced by the solar industry include disruption to supplies of components such as panels and inverters and labor shortages to limit social contact. Large investments have been put on hold by rooftop solar house owners. Similarly, in India, the COVID-19 outbreak has led to delays in the procurement of solar modules, panels, inverts, and other components, which is leading to delay in the commissioning of solar projects.

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TABLE OF CONTENT

1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL SOLAR INVERTER MARKET, BY TYPE 16

1.1.2 GLOBAL SOLAR INVERTER MARKET, BY SYSTEM TYPE 17

1.1.3 GLOBAL SOLAR INVERTER MARKET, BY END USE 18

1.1.4 GLOBAL SOLAR INVERTER MARKET, BY REGION 19

2.1 DEFINITIONS 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 20

2.5 KEY BUYING CRITERIA 21

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 24

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS 27

5.1 INTRODUCTION 30

5.2 DRIVERS 31

5.2.1 GROWING SOLAR POWER SYSTEM INSTALLATIONS 31

5.2.2 MEASURES TO PROMOTE SOLAR POWER SYSTEMS 31

5.3 RESTRAINTS 32

5.3.1 HIGH OPERATION AND MAINTENANCE COSTS 32

5.4 OPPORTUNITIES 32

5.4.1 ELECTRIFICATION OF UNELECTRIFIED AREAS IN DEVELOPING COUNTRIES 32

6.1 SUPPLY CHAIN ANALYSIS 33

6.1.1 DESIGN & DEVELOPMENT 33

6.1.2 RAW MATERIAL & COMPONENT SUPPLY 34

6.1.3 MANUFACTURE & ASSEMBLY 34

6.1.4 SALES & DISTRIBUTION 34

6.1.5 END USE 34

6.2 PORTER’S FIVE FORCES MODEL 35

6.2.1 THREAT OF NEW ENTRANTS 35

6.2.2 BARGAINING POWER OF SUPPLIERS 36

6.2.3 BARGAINING POWER OF BUYERS 36

6.2.4 THREAT OF SUBSTITUTES 36

6.2.5 RIVALRY 36

7.1 OVERVIEW 37

7.2 CENTRAL INVERTER 38

7.3 MICRO INVERTER 39

7.4 STRING INVERTER 40

8.1 OVERVIEW 42

8.2 ON- GRID 43

8.3 OFF- GRID 44

9.1 OVERVIEW 45

9.2 RESIDENTIAL 46

9.3 COMMERCIAL 47

9.4 UTILITIES 47

10.1 OVERVIEW 48

10.2 NORTH AMERICA 50

10.2.1 US 51

10.2.2 CANADA 53

10.3 EUROPE 54

10.3.1 UK 56

10.3.2 GERMANY 57

10.3.3 SPAIN 58

10.3.4 ITALY 60

10.3.5 REST OF EUROPE 61

10.4 ASIA-PACIFIC 63

10.4.1 CHINA 64

10.4.2 INDIA 65

10.4.3 JAPAN 66

10.4.4 AUSTRALIA 68

10.4.5 REST OF ASIA-PACIFIC 69

10.5 REST OF THE WORLD 70

10.5.1 MIDDLE EAST 72

10.5.2 AFRICA 73

10.5.3 LATIN AMERICA 74

11.1 COMPETITIVE OVERVIEW 76

11.2 COMPETITIVE BENCHMARKING 77

11.3 MARKET SHARE ANALYSIS 78

12.1 ABB 79

12.1.1 COMPANY OVERVIEW 79

12.1.2 FINANCIAL OVERVIEW 80

12.1.3 PRODUCTS OFFERED 81

12.1.4 KEY DEVELOPMENTS 81

12.1.5 SWOT ANALYSIS 82

12.1.6 KEY STRATEGIES 82

12.2 SMA SOLAR TECHNOLOGY AG 83

12.2.1 COMPANY OVERVIEW 83

12.2.2 FINANCIAL OVERVIEW 84

12.2.3 PRODUCTS OFFERED 85

12.2.4 KEY DEVELOPMENTS 85

12.2.5 SWOT ANALYSIS 86

12.2.6 KEY STRATEGIES 86

12.3 CANADIAN SOLAR 87

12.3.1 COMPANY OVERVIEW 87

12.3.2 FINANCIAL OVERVIEW 88

12.3.3 PRODUCTS OFFERED 88

12.3.4 KEY DEVELOPMENTS 89

12.3.5 SWOT ANALYSIS 89

12.3.6 KEY STRATEGIES 89

12.4 SOLAREDGE TECHNOLOGIES INC. 90

12.4.1 COMPANY OVERVIEW 90

12.4.2 FINANCIAL OVERVIEW 91

12.4.3 PRODUCTS OFFERED 91

12.4.4 KEY DEVELOPMENTS 92

12.4.5 SWOT ANALYSIS 92

12.4.6 KEY STRATEGIES 93

12.5 SUNPOWER CORPORATION 94

12.5.1 COMPANY OVERVIEW 94

12.5.2 FINANCIAL OVERVIEW 95

12.5.3 PRODUCTS OFFERED 95

12.5.4 KEY DEVELOPMENTS 96

12.5.5 SWOT ANALYSIS 96

12.5.6 KEY STRATEGIES 96

12.6 DELTA ELECTRONICS, INC. 97

12.6.1 COMPANY OVERVIEW 97

12.6.2 FINANCIAL OVERVIEW 98

12.6.3 PRODUCTS OFFERED 99

12.6.4 KEY DEVELOPMENTS 99

12.7 SOLECTRIA RENEWABLES, LLC 100

12.7.1 COMPANY OVERVIEW 100

12.7.2 FINANCIAL OVERVIEW 100

12.7.3 PRODUCTS OFFERED 100

12.7.4 KEY DEVELOPMENTS 100

12.8 SINENG ELECTRIC CO., LTD. 101

12.8.1 COMPANY OVERVIEW 101

12.8.2 FINANCIAL OVERVIEW 101

12.8.3 PRODUCTS OFFERED 101

12.8.4 KEY DEVELOPMENTS 101

12.9 HITACHI HI-REL POWER ELECTRONICS PRIVATE LIMITED 102

12.9.1 COMPANY OVERVIEW 102

12.9.2 FINANCIAL OVERVIEW 102

12.9.3 PRODUCTS OFFERED 102

12.9.4 KEY DEVELOPMENTS 102

12.10 POWER ELECTRONICS S.L. 103

12.10.1 COMPANY OVERVIEW 103

12.10.2 FINANCIAL OVERVIEW 103

12.10.3 PRODUCTS OFFERED 103

12.10.4 KEY DEVELOPMENTS 103

TABLE 1 PRIMARY INTERVIEWS 23

TABLE 2 LIST OF ASSUMPTIONS 27

TABLE 3 GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 38

TABLE 4 CENTRAL INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 39

TABLE 5 CENTRAL INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY INTEGRATION, 2017–2025 (USD MILLION) 39

TABLE 6 MICRO INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY PHASE, 2017–2025 (USD MILLION) 40

TABLE 7 STRING INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY PHASE, 2017–2025 (USD MILLION) 40

TABLE 8 STRING INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY INTEGRATION, 2017–2025 (USD MILLION) 41

TABLE 9 GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 43

TABLE 10 GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 46

TABLE 11 GLOBAL SOLAR INVERTER MARKET, BY REGION, 2017–2025 (USD MILLION) 49

TABLE 12 NORTH AMERICA: SOLAR INVERTER MARKET, BY COUNTRY, 2017–2025 (USD MILLION) 50

TABLE 13 NORTH AMERICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 50

TABLE 14 NORTH AMERICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 51

TABLE 15 NORTH AMERICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 51

TABLE 16 US: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 52

TABLE 17 US: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 52

TABLE 18 US: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 52

TABLE 19 CANADA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 53

TABLE 20 CANADA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 53

TABLE 21 CANADA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 54

TABLE 22 EUROPE: SOLAR INVERTER MARKET, BY COUNTRY, 2017–2025 (USD MILLION) 54

TABLE 23 EUROPE: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 55

TABLE 24 EUROPE: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 55

TABLE 25 EUROPE: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 55

TABLE 26 UK: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 56

TABLE 27 UK: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 56

TABLE 28 UK: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 57

TABLE 29 GERMANY: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 57

TABLE 30 GERMANY: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 58

TABLE 31 GERMANY: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 58

TABLE 32 SPAIN: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 59

TABLE 33 SPAIN: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 59

TABLE 34 SPAIN: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 59

TABLE 35 ITALY: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 60

TABLE 36 ITALY: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 60

TABLE 37 ITALY: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 61

TABLE 38 REST OF EUROPE: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 61

TABLE 39 REST OF EUROPE: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 62

TABLE 40 REST OF EUROPE: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 62

TABLE 41 ASIA-PACIFIC: SOLAR INVERTER MARKET, BY COUNTRY, 2017–2025 (USD MILLION) 63

TABLE 42 ASIA-PACIFIC: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 63

TABLE 43 ASIA-PACIFIC: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 64

TABLE 44 ASIA-PACIFIC: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 64

TABLE 45 CHINA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 64

TABLE 46 CHINA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 65

TABLE 47 CHINA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 65

TABLE 48 INDIA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 65

TABLE 49 INDIA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 66

TABLE 50 INDIA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 66

TABLE 51 JAPAN: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 67

TABLE 52 JAPAN: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 67

TABLE 53 JAPAN: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 67

TABLE 54 AUSTRALIA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 68

TABLE 55 AUSTRALIA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 68

TABLE 56 AUSTRALIA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 69

TABLE 57 REST OF ASIA-PACIFIC: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 69

TABLE 58 REST OF ASIA-PACIFIC: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 70

TABLE 59 REST OF ASIA-PACIFIC: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2017–2025 (USD MILLION) 70

TABLE 60 REST OF THE WORLD: SOLAR INVERTER MARKET, BY COUNTRY, 2017–2025 (USD MILLION) 70

TABLE 61 REST OF THE WORLD: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 71

TABLE 62 REST OF THE WORLD: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 71

TABLE 63 REST OF THE WORLD: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END USE, 2017–2025 (USD MILLION) 71

TABLE 64 MIDDLE EAST: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 72

TABLE 65 MIDDLE EAST: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 72

TABLE 66 MIDDLE EAST: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END USE, 2017–2025 (USD MILLION) 73

TABLE 67 AFRICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 73

TABLE 68 AFRICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 74

TABLE 69 AFRICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END USE, 2017–2025 (USD MILLION) 74

TABLE 70 LATIN AMERICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2017–2025 (USD MILLION) 75

TABLE 71 LATIN AMERICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2017–2025 (USD MILLION) 75

TABLE 72 LATIN AMERICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END USE, 2017–2025 (USD MILLION) 75

TABLE 73 ABB: PRODUCTS OFFERED 81

TABLE 74 ABB: KEY DEVELOPMENTS 81

TABLE 75 SMA SOLAR TECHNOLOGY AG: PRODUCTS OFFERED 85

TABLE 76 SMA SOLAR TECHNOLOGY AG: KEY DEVELOPMENTS 85

TABLE 77 CANADIAN SOLAR: PRODUCTS OFFERED 88

TABLE 78 SOLAREDGE TECHNOLOGIES INC: PRODUCTS OFFERED 91

TABLE 79 SOLAREDGE TECHNOLOGIES INC: KEY DEVELOPMENTS 92

TABLE 80 SUNPOWER CORPORATION: PRODUCTS OFFERED 95

TABLE 81 DELTA ELECTRONICS, INC.: PRODUCTS OFFERED 99

TABLE 82 DELTA ELECTRONICS, INC.: KEY DEVELOPMENTS 99

TABLE 83 SOLECTRIA RENEWABLES, LLC: PRODUCTS OFFERED 100

TABLE 84 SOLECTRIA RENEWABLES, LLC: KEY DEVELOPMENTS 100

TABLE 85 SINENG ELECTRIC CO., LTD.: PRODUCTS OFFERED 101

TABLE 86 SINENG ELECTRIC CO., LTD.: KEY DEVELOPMENTS 101

TABLE 87 HITACHI HI-REL POWER ELECTRONICS PVT. LTD: PRODUCTS OFFERED 102

TABLE 88 POWER ELECTRONICS S.L.: PRODUCTS OFFERED 103

TABLE 89 POWER ELECTRONICS S.L.: KEY DEVELOPMENTS 103

FIGURE 1 MARKET SYNOPSIS 14

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL SOLAR INVERTER MARKET 15

FIGURE 3 GLOBAL SOLAR INVERTER MARKET ANALYSIS, BY TYPE 16

FIGURE 4 GLOBAL SOLAR INVERTER MARKET ANALYSIS, BY SYSTEM TYPE 17

FIGURE 5 GLOBAL SOLAR INVERTER MARKET ANALYSIS, BY END USE 18

FIGURE 6 GLOBAL SOLAR INVERTER MARKET ANALYSIS, BY REGION 19

FIGURE 7 GLOBAL SOLAR INVERTER MARKET: STRUCTURE 20

FIGURE 8 KEY BUYING CRITERIA FOR GLOBAL SOLAR INVERTER MARKET 21

FIGURE 9 RESEARCH PROCESS 22

FIGURE 10 TOP-DOWN & BOTTOM-UP APPROACHES 25

FIGURE 11 NORTH AMERICA: SOLAR INVERTER MARKET SIZE & MARKET SHARE, BY COUNTRY (2018 VS 2025) 28

FIGURE 12 EUROPE: SOLAR INVERTER MARKET SIZE & MARKET SHARE, BY COUNTRY (2018 VS 2025) 28

FIGURE 13 ASIA-PACIFIC: SOLAR INVERTER MARKET SIZE & MARKET SHARE, BY COUNTRY (2018 VS 2025) 29

FIGURE 14 REST OF THE WORLD: SOLAR INVERTER MARKET SIZE & MARKET SHARE, BY COUNTRY (2018 VS 2025) 29

FIGURE 15 DRO ANALYSIS: GLOBAL SOLAR INVERTER MARKET 30

FIGURE 16 SUPPLY CHAIN ANALYSIS: GLOBAL SOLAR INVERTER MARKET 33

FIGURE 17 PORTER'S FIVE FORCES ANALYSIS: GLOBAL SOLAR INVERTER MARKET 35

FIGURE 18 GLOBAL SOLAR INVERTER MARKET, BY TYPE, 2018 (% SHARE) 37

FIGURE 19 GLOBAL SOLAR INVERTER MARKET, BY TYPE, 2017 TO 2025 (USD MILLION) 38

FIGURE 20 GLOBAL SOLAR INVERTER MARKET, BY SYSTEM TYPE, 2018 (% SHARE) 42

FIGURE 21 GLOBAL SOLAR INVERTER MARKET, BY SYSTEM TYPE, 2017 TO 2025 (USD MILLION) 43

FIGURE 22 GLOBAL SOLAR INVERTER MARKET, BY END-USE, 2018 (% SHARE) 45

FIGURE 23 GLOBAL SOLAR INVERTER MARKET, BY END-USE, 2017 TO 2025 (USD MILLION) 46

FIGURE 24 GLOBAL SOLAR INVERTER MARKET, BY REGION, 2018 (% SHARE) 48

FIGURE 25 GLOBAL SOLAR INVERTER MARKET, BY REGION, 2017–2025 (USD MILLION) 49

FIGURE 26 BENCHMARKING OF MAJOR COMPETITORS 77

FIGURE 27 GLOBAL SOLAR INVERTER MARKET SHARE ANALYSIS, 2018 78

FIGURE 28 ABB: FINANCIAL OVERVIEW SNAPSHOT 80

FIGURE 29 ABB: SWOT ANALYSIS 82

FIGURE 30 SMA SOLAR TECHNOLOGY AG: FINANCIAL OVERVIEW SNAPSHOT 84

FIGURE 31 SMA SOLAR TECHNOLOGY AG: SWOT ANALYSIS 86

FIGURE 32 CANADIAN SOLAR: FINANCIAL OVERVIEW SNAPSHOT 88

FIGURE 33 CANADIAN SOLAR: SWOT ANALYSIS 89

FIGURE 34 SOLAREDGE TECHNOLOGIES INC: FINANCIAL OVERVIEW SNAPSHOT 91

FIGURE 35 SOLAREDGE TECHNOLOGIES INC: SWOT ANALYSIS 92

FIGURE 36 SUNPOWER CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 95

FIGURE 37 SUNPOWER CORPORATION: SWOT ANALYSIS 96

FIGURE 38 DELTA ELECTRONICS, INC.: FINANCIAL OVERVIEW SNAPSHOT 98

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