Middle East And Africa Solar PV Inverter Market Introduction and Overview
According to SPER Market Research, the Middle East And Africa Solar PV Inverter Market is estimated to reach USD XX Billion by 2033 with a CAGR of 7.5%.
The report includes an in-depth analysis of the Middle East And Africa Solar PV Inverter Market, including market size and trends, product mix, applications, and supplier analysis. Power inverters known as solar PV inverters convert direct current (DC) electricity generated by photovoltaic (PV) solar panels to alternating current (AC) at utility frequency. This can be used for residential and commercial electrical grids, as well as microgrids and other local off-grid electrical networks.
- August 2022- There have been reports of the completion of another solar installation in Syria, which had 1,818 solar panels and ten inverters for energy conversion. A one megawatt solar power plant was integrated into the electrical system in the village of Autan.
- January 2022: The Chinese inverter manufacturer Sungrow debuted their brand-new "1+X" central modular inverter, which has an output of 1.1 MW, during the World Future Energy Summit in Abu Dhabi. The 1+X modular inverter can be stacked into eight units to generate 8.8MW of power (ESS). It features a DC/ESS interface for connecting energy storage devices.
Market Opportunities and Challenges
Given the increasing need for solar electricity, it is expected that the market for solar PV inverters would grow over time, attracting investments and setting high goals for solar energy. The market is expected to increase in the approaching years due to opportunities created by technological advancement and innovative products. Recent technical developments are propelling market expansion by steadily improving solar PV inverters' capacity, dependability, efficiency, and thermal management. Growth is also being stimulated by the development of smart inverters, which provide sophisticated monitoring capabilities and grid support features for optimal system operation and maintenance. The adoption of renewable energy sources, such as solar power, is also being fueled by increased environmental consciousness, which is supporting industry expansion. Furthermore, the development and spread of energy storage devices that may store excess solar energy for usage at a later time when sunlight is scarce is having a positive effect on market dynamics.
Nonetheless, during the projected period, technological constraints such string inverters' incapacity to scale up are anticipated to impede the market's expansion for solar PV inverters. The erratic and unpredictable nature of solar energy poses a serious problem as well, necessitating the development of efficient energy storage systems and grid integration technologies in order to ensure a steady supply of electricity. Furthermore, bureaucratic procedures, complicated permitting, and regulatory barriers can cause delays in project completion and increase expenses. The implementation of solar PV projects is further hampered by financial limitations and restricted access to funding, particularly in developing nations. Grid integration is further complicated by inadequate transmission networks and other infrastructure. In addition, market dynamics and investor confidence can be impacted by geopolitical conflicts, security concerns, and socioeconomic variables including political unpredictability and currency changes.
Market Competitive Landscape
The major key players in the Middle East And Africa Solar PV Inverter Market are: Delta Energy Systems Inc., Enphase Energy Inc., FIMER SpA, Huawei Technologies Co. Ltd, Mitsubishi Electric Corporation, Omron Corporation, Schneider Electric SE, Siemens AG, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Inverter Type, By Application
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| Regions covered | Israel, Saudi Arabia, UAE and rest of Middle East and Africa
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| Companies Covered | Delta Energy Systems Inc., Enphase Energy Inc., FIMER SpA, Huawei Technologies Co. Ltd, Mitsubishi Electric Corporation, Omron Corporation, Schneider Electric SE, Siemens AG, Others |
COVID-19 Impact on Middle East And Africa Solar PV Inverter Market
The Middle East and Africa solar PV inverter market has been affected by the COVID-19 outbreak in many ways. Lockdowns and supply chain disruptions initially prompted delays in projects and fewer installations; but, as a result of the recovery and greater emphasis on renewable energy as part of economic recovery plans, the industry has grown. The pandemic has also highlighted the significance of dependable and sustainable energy sources, which has stimulated investment in solar photovoltaic projects. Proactive actions are necessary for continuous growth, nevertheless, as persistent issues like funding limitations, regulatory uncertainties, and geopolitical conflicts continue to pose barriers to market progress.
Key Target Audience:
- Solar PV System Installers and Integrators
- Solar PV Component Manufacturers
- Solar PV Project Developers
- Energy Service Companies (ESCOs)
- End Users and Consumers
- Maintenance and Service Providers
- Others
Our in-depth analysis of the Middle East And Africa Solar PV Inverter Market includes the following segments:
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By Inverter Type: |
Central Inverters
Micro Inverters
String Inverters
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By Application: |
Residential
Commercial and Industrial (C&I)
Utility-scale
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By Region: |
Israel
Saudi Arabia
UAE
Rest of Middle East and Africa
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Key Topics Covered in the Report:
- Middle East And Africa Solar PV Inverter Market Size (FY’2023-FY’2033)
- Overview of Middle East And Africa Solar PV Inverter Market
- Segmentation of Middle East And Africa Solar PV Inverter Market By Inverter Type (Central Inverters, Micro Inverters, String Inverters)
- Segmentation of Middle East And Africa Solar PV Inverter Market By Application (Residential, Commercial and Industrial, Utility-scale)
- Statistical Snap of Middle East And Africa Solar PV Inverter Market
- Expansion Analysis of Middle East And Africa Solar PV Inverter Market
- Problems and Obstacles in Middle East And Africa Solar PV Inverter Market
- Competitive Landscape in the Middle East And Africa Solar PV Inverter Market
- Impact of COVID-19 and Demonetization on Middle East And Africa Solar PV Inverter Market
- Details on Current Investment in Middle East And Africa Solar PV Inverter Market
- Competitive Analysis of Middle East And Africa Solar PV Inverter Market
- Prominent Players in the Middle East And Africa Solar PV Inverter Market
- SWOT Analysis of Middle East And Africa Solar PV Inverter Market
- Middle East And Africa Solar PV Inverter Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Middle East And Africa Solar PV Inverter Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East And Africa Solar PV Inverter Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East And Africa Solar PV Inverter Market
7. Middle East And Africa Solar PV Inverter Market, By Inverter Type (USD Million)
7.1. Middle East And Africa Solar PV Inverter Market Value Share and Forecast, By Inverter Type, 2023-2033
7.2. Central Inverters
7.3. Micro Inverters
7.4. String Inverters
8. Middle East And Africa Solar PV Inverter Market, By Application (USD Million)
8.1. Middle East And Africa Solar PV Inverter Market Value Share and Forecast, By Application, 2023-2033
8.2. Residential
8.3. Commercial and Industrial (C&I)
8.4. Utility-scale
9. Middle East And Africa Solar PV Inverter Market Forecast, 2019-2033 (USD Million)
9.1. Middle East And Africa Solar PV Inverter Market Size and Market Share
10. Middle East And Africa Solar PV Inverter Market, By Inverter Type, 2019-2033 (USD Million)
10.1. Middle East And Africa Solar PV Inverter Market Size and Market Share By Inverter Type (2019-2026)
10.2. Middle East And Africa Solar PV Inverter Market Size and Market Share By Inverter Type (2027-2033)
11. Middle East And Africa Solar PV Inverter Market, By Application, 2019-2033 (USD Million)
11.1. Middle East And Africa Solar PV Inverter Market Size and Market Share By Application (2019-2026)
11.2. Middle East And Africa Solar PV Inverter Market Size and Market Share By Application (2027-2033)
12. Middle East And Africa Solar PV Inverter Market, By Region, 2019-2033 (USD Million)
12.1. Middle East And Africa Solar PV Inverter Market Size and Market Share By Region (2019-2026)
12.2. Middle East And Africa Solar PV Inverter Market Size and Market Share By Region (2027-2033)
12.3. Israel
12.4. Saudi Arabia
12.5. UAE
12.6. Rest of Middle East and Africa
13. Company Profile
13.1. Delta Energy Systems Inc.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Enphase Energy Inc.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. FIMER SpA
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Huawei Technologies Co. Ltd
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Mitsubishi Electric Corporation
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Omron Corporation
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Schneider Electric SE
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Siemens AG
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
