Middle East And Africa Solar PV Inverter Market Growth, Size, Trends, Demand and Future Outlook

Middle East And Africa Solar PV Inverter Market Size- By Inverter Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Middle East And Africa Solar PV Inverter Market Size- By Inverter Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Feb 2024 Report ID: POAE2416 Pages: 1 - 152 Formats*:     
Category : Power & Energy
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.
Middle East And Africa Solar PV Inverter Market
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. 
Middle East And Africa Solar PV Inverter Market


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 coveredBy Inverter Type, By Application
 Regions covered
Israel, Saudi Arabia, UAE and rest of Middle East and Africa

 Companies CoveredDelta 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:
By Inverter Type:
  • Central Inverters
  • Micro Inverters
  • String Inverters
  • By Application:
  • Residential
  • Commercial and Industrial (C&I)
  • Utility-scale
  • By Region:
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
  • 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Middle East And Africa Solar PV Inverter Market is projected to reach USD XX billion by 2033, growing at a CAGR of 7.5% during the forecast period.
    Middle East And Africa Solar PV Inverter Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 7.5% during the forecast period.
    Middle East And Africa Solar PV Inverter Market CAGR of 7.5% during the forecast period.
    Middle East And Africa Solar PV Inverter Market size is XX billion from 2023 to 2033.
    Middle East And Africa Solar PV Inverter Market Segment is covered By Airport Class, By Inverter Type, By Application.
    The MEA is anticipated to have the highest market share in the Middle East And Africa Solar PV Inverter Market.
    "The key players in the market include 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."
    Recent technical developments are propelling market expansion by steadily improving solar PV inverters' capacity, dependability, efficiency, and thermal management.
    Not able to find what you are looking for? Need customization in the existing report?
    Click Here

    Join Our SPER Panel

    Our Global Clients

    Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-SIEMENS
    SPER-LOREAL
    SPER-Pfizer
    SPER-IPSOS
    SPER-Heineken
    SPER-IQVIA
    SPER-Kankar IMRB
    SPER-PWC
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-SIEMENS
    SPER-LOREAL
    SPER-Pfizer
    SPER-IPSOS
    SPER-Heineken
    SPER-IQVIA
    SPER-Kankar IMRB
    SPER-PWC

    SPER

    Market Research

    We are the leading, full-service global market research and consulting company.

    Certificates
    iso-1 iso-1 iso-1 ESOMAR
    Secure Payments
    SPER Payment Options
    Contact HR

     [email protected]

     +91-742-898-5650