세계의 태양광발전 설비의 급증이 PV 인버터의 수요를 촉진하고 있습니다. 따라서 세계의 태양에너지 용량의 증가는 시장 규모의 성장을 촉진하며, 2024년에는 104억 3,000만 달러를 넘어 2031년에는 160억 4,000만 달러의 평가액에 달합니다.
인버터를 포함한 태양광 부품의 가격 하락으로 태양광 에너지가 더욱 친숙해지고 있습니다. 따라서 태양광발전 시스템의 비용 감소로 인해 시장은 2024-2031년 연평균 6.10%의 성장률을 보일 것으로 예상됩니다.
태양광발전 인버터 시장 정의/개요
태양광발전(PV) 인버터는 태양광발전 시스템의 핵심 부품으로, 태양전지판에서 생산된 직류(DC)를 교류(AC)로 변환하여 가정, 기업 및 전력망에서 사용할 수 있도록 변환합니다. 태양광발전 시스템의 BOS(Balance of System)의 일부인 인버터는 태양에너지가 표준 AC 전기 제품에 전력을 공급하거나 전력망에 전력을 공급하는 데 사용할 수 있도록 보장합니다. 태양광 인버터는 에너지 출력을 최적화하는 최대 전력점 추종(MPPT), 계통 정전시 안전과 안정성을 보장하는 안티아일랜딩 보호와 같은 고급 기능을 갖추고 있습니다.
태양광 인버터는 전력 트랜지스터, 변압기, 고급 소프트웨어 제어와 같은 핵심 부품으로 구성되어 다양한 용도에 필수적입니다. 주거 및 상업용 건물, 농업, 운송, 원격지 전력 시스템, 심지어 우주 기술 등 다양한 분야에서 활용되고 있습니다. 인버터는 태양에너지의 실용적인 사용을 가능하게 함으로써 에너지 자립을 촉진하고, 환경 보전을 지원하며, 이산화탄소 배출을 줄입니다. 또한 고정가격임베디드제도를 통한 수입을 기대할 수 있는 등 경제적인 이점도 있습니다. 태양광 인버터는 전 세계가 재생 에너지로 전환하는 데 필수적이며, 다양한 분야에서 지속가능성과 에너지 효율을 높이는 데 기여하고 있습니다.
계통 연계형 태양광 설비로의 전환으로 계통 연계형 인버터에 대한 수요가 증가하고 있습니다. 국제재생에너지기구(IRENA)에 따르면 2021년 계통연계형 태양광발전 용량은 22% 증가하여 전 세계 843GW에 달할 것으로 예상됩니다. 인버터 효율과 기능의 기술적 진보. 인버터 기술의 지속적인 개선은 시장 성장의 원동력이 되고 있으며, European Technology and Innovation Platform for Photovoltaics(ETIP PV)가 2022년에 발표한 보고서에 따르면 태양광 인버터의 평균 효율이 2010년 96%에서 2022년 98% 이상으로 상승하며, 일부 모델은 최고 99%의 효율을 달성할 것입니다.
마이크로 인버터와 파워 옵티마이저의 채택 증가. 모듈 수준의 파워 일렉트로닉스로의 전환이 인버터 시장을 확대하고 있습니다. 국제에너지기구(IEA)에 따르면 2022년 세계 태양광발전 설비용량은 191GW에 달하고, 2021년 대비 31% 증가했으며, IEA는 2025년까지 태양광발전의 연간 증설량이 300GW에 달할 것으로 전망하고 있으며, 이 분야의 지속적인 성장세를 보이고 있습니다. 많은 국가들이 태양광발전 도입을 장려하는 정책을 시행하여 인버터 시장에 활력을 불어넣고 있습니다. 미국 태양에너지산업협회(SEIA)는 2022년 인플레이션 감소법에서 투자세액공제(ITC)가 연장됨에 따라 2027년까지 태양광발전 도입이 69% 증가할 것으로 예상했습니다.
태양광 인버터의 초기 비용은 도입에 큰 장벽이 될 수 있습니다. 미국 국립재생에너지연구소(NREL)가 2021년 발표한 보고서에 따르면 미국 공공시설 규모의 태양광발전 시스템에서 인버터 비용은 전체 시스템 비용의 약 5%를 차지합니다. 태양광발전의 보급이 증가함에 따라 계통 운영자는 안정성과 전력 품질 유지라는 과제에 직면하게 됩니다. 미국 에너지 정보국은 2022년 태양광 에너지가 미국 전체 발전량의 약 3%를 차지할 것으로 예상하고 있습니다. 이러한 통합 증가로 인해 일부 지역에서는 전력망 안정성에 대한 우려가 제기되고 있습니다.
정책과 정책 변화는 시장 성장에 영향을 미칠 수 있습니다. 미국 태양에너지산업협회(SEIA)는 2022년 미국 28개 주에서 순계량 정책 변경을 검토하고 있으며, 이는 태양광발전 시스템의 경제성과 인버터 수요에 직접적인 영향을 미쳤다고 지적했습니다. 세계 사건과 공급망 문제는 인버터의 생산 및 공급 능력에 영향을 미칠 수 있습니다. 급속한 기술 발전으로 인해 현재 투자가 시대에 뒤떨어질 수 있다는 우려를 낳고 있습니다. 국제에너지기구(IEA)는 2021년'태양광발전 응용 동향'에서 인버터의 수명이 보통 10-20년인 반면, 태양전지판의 수명은 25-30년이라고 보고했습니다.
The rapid growth in solar energy installations worldwide is driving demand for PV inverters. Thus, the increasing global solar energy capacity surges the growth of market size surpassing USD 10.43 Billion in 2024 to reach the valuation of USD 16.04 Billion by 2031.
The falling prices of solar components, including inverters, are making solar energy more accessible. Thus, the declining costs of solar PV systems enable the market to grow at a CAGR of 6.10% from 2024 to 2031.
Solar PV Inverters Market: Definition/ Overview
A solar photovoltaic (PV) inverter is a key component in solar energy systems, converting the direct current (DC) generated by solar panels into alternating current (AC) for use in homes, businesses, or the power grid. As part of the photovoltaic system's balance of system (BOS), the inverter ensures that solar energy can be used to power standard AC appliances or be fed back into the electrical grid. Solar PV inverters are equipped with advanced features like maximum power point tracking (MPPT) to optimize energy output and anti-islanding protection to ensure safety and stability during grid outages.
Solar PV inverters consist of critical components such as power transistors, transformers, and sophisticated software controls, making them essential for a wide range of applications. These include residential and commercial buildings, agricultural operations, transportation, remote power systems, and even space technology. By enabling the practical use of solar energy, inverters help promote energy independence, support environmental conservation, and reduce carbon footprints. Additionally, they offer economic benefits such as potential income through feed-in tariffs. Solar PV inverters are integral to advancing the global transition toward renewable energy, enhancing both sustainability and energy efficiency across various sectors.
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The shift towards grid-tied solar installations is increasing the need for grid-compatible inverters. According to the International Renewable Energy Agency (IRENA), grid-connected solar PV capacity grew by 22% in 2021, reaching 843 GW globally. Technological advancements in inverter efficiency and functionality. Ongoing improvements in inverter technology are driving market growth. A 2022 report by the European Technology and Innovation Platform for Photovoltaics (ETIP PV) stated that the average efficiency of PV inverters increased from 96% in 2010 to over 98% in 2022, with some models achieving up to 99% efficiency.
Rising adoption of microinverters and power optimizers. The trend towards module-level power electronics is expanding the inverter market. According to the International Energy Agency (IEA), global solar PV capacity additions reached 191 GW in 2022, a 31% increase from 2021. The IEA projects that annual solar PV additions will reach 300 GW by 2025, indicating sustained growth in the sector. Many countries are implementing policies to encourage solar adoption, boosting the inverter market. The U.S. Solar Energy Industries Association (SEIA) reported that the extension of the Investment Tax Credit (ITC) in the Inflation Reduction Act of 2022 is expected to increase solar deployment by 69% through 2027.
The upfront cost of solar PV inverters can be a significant barrier to adoption. According to a 2021 report by the National Renewable Energy Laboratory (NREL), inverter costs accounted for approximately 5% of total system costs for utility-scale PV systems in the U.S. For residential systems, this percentage was higher, at about 10% of total installed costs. As solar penetration increases, grid operators face challenges in maintaining stability and power quality. The U.S. Energy Information Administration reported that in 2022, solar energy provided about 3% of total U.S. electricity generation. This increased integration has led to concerns about grid stability in some regions.
Changing policies and regulations can impact market growth. The Solar Energy Industries Association (SEIA) noted that in 2022, 28 U.S. states considered changes to their net metering policies, which directly affect the economics of solar PV systems and inverter demand. Global events and supply chain issues can affect the production and availability of inverters. Rapid technological advancements can lead to concerns about current investments becoming outdated. The International Energy Agency (IEA) reported in their 2021 "Trends in Photovoltaic Applications" that inverter lifespans typically range from 10-20 years, while solar panels can last 25-30 years.
The central inverter segment holds a dominant in the global solar PV inverters market owing to its widespread use in large-scale solar photovoltaic systems with rated outputs exceeding 100 kW. Central inverters, known as high-capacity grid feeders, are typically floor- or ground-mounted and are designed to convert the direct current (DC) power generated by solar arrays into alternating current (AC) power for grid connection. These devices are capable of handling power capacities ranging from 50 kilowatts to 1 megawatt, making them suitable for both indoor and outdoor applications, especially in utility-scale solar projects.
A central inverter generally operates with a single step to convert DC into AC, though some models are equipped with a supplementary DC-DC boost stage to extend their Maximum Power Point (MPP) voltage range, enhancing performance. In some configurations, low-frequency transformers are used to increase AC voltage and provide isolation at the output. However, this can reduce efficiency while increasing the size, weight, and cost of the inverter. Despite these trade-offs, the central inverter's ability to efficiently handle large power loads makes it the preferred choice for high-capacity installations, driving its dominance in the solar PV inverters market.
The utilities segment dominates the solar PV inverters market, driven by the rapid growth of utility-scale solar projects worldwide. These large-scale projects are designed to generate significant amounts of electricity, often measured in megawatts (MW), which is then fed into the grid to supply power to vast numbers of households and businesses. The need for powerful, high-capacity inverters in these projects is crucial, as they must efficiently convert large amounts of solar energy from direct current (DC) to alternating current (AC) on a scale much larger than residential or commercial applications.
Utility-scale solar has long been recognized for producing clean, reliable electricity at a stable cost, making it a key contributor to reducing carbon emissions. This environmental benefit is one of the primary drivers behind the widespread installation of solar PV inverters in utility-scale projects, especially as governments and industries strive to meet carbon reduction goals. As the demand for renewable energy grows, utility-scale solar remains one of the fastest methods to transition to sustainable energy sources, increasing the need for high-performance inverters. The segment's dominance in the market is expected to continue as more large-scale solar installations come online globally.
Asia Pacific substantially dominates the solar PV inverter market driven by the significant increase in solar PV capacity, driving demand for inverters. According to the International Renewable Energy Agency (IRENA), China alone added 100 GW of solar PV capacity in 2022, bringing its total installed capacity to over 450 GW. This represents nearly a third of global solar PV capacity. Many countries in the region have implemented favorable policies to promote solar energy adoption. In India, the Ministry of New and Renewable Energy reported that the country achieved its target of 100 GW of installed renewable energy capacity (excluding large hydro) in 2022, nine years ahead of schedule. Solar energy contributed significantly to this achievement, driven by policies like the National Solar Mission.
The falling costs of solar PV components, including inverters, have made solar energy more accessible in the region. BloombergNEF's 2022 report on solar PV module pricing showed that average module prices in China dropped to $0.27 per watt in mid-2022, a significant decrease from $0.34 per watt in early 2021. This overall cost reduction in solar PV systems has boosted demand for all components, including inverters.
Europe is anticipated to witness the fastest growth in the solar PV inverter market owing to initiatives such as the European Green Deal and the Renewable Energy Directive have played critical roles in propelling the solar PV inverter market in Europe. According to the European Commission, the EU has increased its 2030 renewable energy target from 32% to 45% under the REPowerEU Plan in 2022. This ambitious goal is expected to significantly boost solar PV installations and, consequently, inverter demand across the region. The European solar market has seen substantial growth, particularly in the residential and commercial sectors. SolarPower Europe reported that the EU added 41.4 GW of solar power capacity in 2022, a 47% increase from 2021. Germany led with 7.9 GW of new installations, followed by Spain (7.5 GW) and Poland (4.9 GW). This growth directly translates to increased demand for solar PV inverters.
Europe's focus on grid stability and smart energy management has driven demand for advanced inverter technologies. The European Technology and Innovation Platform for Photovoltaics (ETIP PV) noted in its 2022 report that smart inverters with grid-support functions are becoming increasingly important. It is estimated that by 2025, over 90% of new inverter installations in Europe will have advanced grid-support capabilities, up from approximately 60% in 2020.
The Solar PV Inverters Market is a highly competitive landscape, driven by factors such as increasing demand for renewable energy, technological advancements, and government incentives. Several key players operate in this market, offering a range of products and services to meet the diverse needs of residential, commercial, and utility-scale solar power systems.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the solar PV inverters market include: