Philippines Solar Inverter Market (2018-2024): Market Forecast by Power Ratings, by Types, by Verticals, by Regions, and Competitive Landscape

Report
110 Pages
December 2018
Region: Philippines
6W Research
ID: 4746064

Philippines government plans to attain 100% electrification rate by 2022. In order to cater to the country's current power needs, the expansion of the solar energy base in the Philippines is a viable option owing to the falling cost of solar equipment and the short gestation period of solar rooftop projects. Additionally, the country is placed well geographically for the deployment of solar energy.

According to this research, the Philippines Solar Inverter Market is projected to grow at a CAGR of 2.4% during 2018-24. The market by vertical is dominated by the utility sector, owing to a large number of inverter installations in this segment. Further, with a large number of the upcoming projects approved by the Philippines government in the utility sector, the segment is expected to continue its dominance in the country over the forecast period.

Due to a lower per watt price, greater efficiency and high utilization in the utility and large-scale commercial segments, central solar inverters dominated the overall solar inverter market in the Philippines in 2017. Micro inverters, on the other hand, occupied small revenue share owing to higher per watt price and their inability to be used efficiently in high power generation capacity applications in power plants.

The report thoroughly covers Philippines Solar Inverter market by power rating, types, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers, which would help the stakeholders to devise and align market strategies according to the current and future market dynamics.

Key Highlights of the Report:

Historical Data of Philippines Solar Inverter Market Revenues and Volume for the Period 2014-2024F.
Market Size & Forecast of Philippines Solar Inverter Market for the Period 2014-2024F.
Historical Data of Philippines Solar Inverter Market Revenues and Volume by power rating for the Period 2014-2024F.
Market Size & Forecast of Philippines Solar Inverter Market Revenues and Volume by power rating for the Period 2014-2024F.
Historical Data of Philippines Solar Inverter Market Revenues by types for the Period 2014-2024F.
Market Size & Forecast of Philippines Solar Inverter Market Revenues by types for the Period 2014-2024F.
Historical Data of Philippines Solar Inverter Market Revenues by verticals for the Period 2014-2024F.
Market Size & Forecast of Philippines Solar Inverter Market Revenues by verticals for the Period 2014-2024F.
Historical Data of Philippines Solar Inverter Market Revenues by regions for the Period 2014-2024F
Market Size & Forecast of Philippines Solar Inverter Market Revenues by regions for the Period 2014-2024F
Market Drivers and Restraints
Market Trends and Developments.
Players Market Share
Company Profiles
Strategic Recommendations

Markets Covered:

The report provides a detailed analysis of the following market segments:

By Power Ratings

Below 10 kW
10 kW - 100 kW
100.1 kW - 1 MW
Above 1 MW

By Types

Central Inverter
String Inverter
Micro Inverter

By Verticals

Residential
Commercial & Industrial
Utility

By Regions

Northern
Central
Southern

1. Executive Summary

2. Introduction

2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions

3. Philippines Solar Power Sector Overview

4. Philippines Solar Inverter Market Overview

4.1 Philippines Country Indicators
4.2 Philippines Solar Inverter Market Revenues and Volume, 2014-2024F
4.3 Philippines Solar Inverter Net Capacity Additions, 2014-2024F
4.4 Philippines Solar Inverter Market Revenue Share, By Power Rating, 2014-2024F
4.5 Philippines Solar Inverter Market Revenue Share, By Types, 2014-2024F
4.6 Philippines Solar Inverter Market Revenue Share, By Verticals, 2014-2024F
4.7 Philippines Solar Inverter Market Revenue Share, By Regions, 2014-2024F
4.8 Philippines Solar Inverter Market - Industry Life Cycle, 2017
4.9 Philippines Solar Inverter Market - Porter's Five Forces, 2017

5. Philippines Solar Inverter Market Dynamics

5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restrains

6. Philippines Solar Inverter Market Trends

7. Philippines Solar Inverter Market Overview, By Power Rating

7.1 Philippines Below 10 kw Solar Inverter Market Revenues and Volume, 2014-2024F
7.2 Philippines 10 kW-100 kW Solar Inverter Market Revenues and Volume, 2014-2024F
7.3 Philippines 100.1 kW-1 MW Solar Inverter Market Revenues and Volume, 2014-2024F
7.4 Philippines Above 1 MW Solar Inverter Market Revenues and Volume, 2014-2024F

8. Philippines Solar Inverter Market Overview, By Types

8.1 Philippines Micro Solar Inverter Market Revenues, 2014-2024F
8.2 Philippines String Solar Inverter Market Revenues, 2014-2024F
8.3 Philippines Central Solar Inverter Market Revenues, 2014-2024F

9. Philippines Solar Inverter Market Overview, By Verticals

9.1 Philippines Residential Vertical Solar Inverter Market Revenues, 2014-2024F
9.1.1 Philippines Residential Sector Overview
9.2 Philippines Commercial & Industrial Vertical Solar Inverter Market Revenues, 2014-2024F
9.2.1 Philippines Commercial Sector Overview
9.2.2 Philippines Industrial Sector Overview
9.3 Philippines Utility Vertical Solar Inverter Market Revenues, 2014-2024F
9.3.1 Philippines Power Sector Overview

10. Philippines Solar Inverter Market Overview, By Regions

10.1 Philippines Central Region Solar Inverter Market Revenues, 2014-2024F
10.1.1 Philippines Central Region Power Sector Overview
10.2 Philippines Northern Region Solar Inverter Market Revenues, 2014-2024F
10.2.1 Philippines Northern Region Power Sector Overview
10.3 Philippines Southern Region Solar Inverter Market Revenues, 2014-2024F
10.3.1 Philippines Southern Region Power Sector Overview

11. Philippines Solar Inverter Market Key Performance Indicators

11.1 Philippines Government Spending Outlook
11.2 Philippines Upcoming Solar Projects

12. Philippines Solar Inverter Market Opportunity Assessment

12.1 Philippines Solar Inverter Market Opportunity Assessment, By Power Rating
12.2 Philippines Solar Inverter Market Opportunity Assessment, By Types
12.3 Philippines Solar Inverter Market Opportunity Assessment, By Verticals

13. Competitive Landscape

13.1 Philippines Solar Inverter Revenue Share, By Company, 2017
13.2 Competitive Benchmarking, By Type

14. Company Profiles

14.1 Jiangsu Goodwe Power Supply Technology Ltd.
14.2 SMA Solar Technology AG(Global)
14.3 Voltronic Power Technology Corporation
14.4 Schneider Electric (Philippines) Inc
14.5 Zhejiang Bou New Energy Technology Co., Ltd
14.6 Shenzhen Growatt New Energy Technology Co., Ltd
14.7 SolaX Power Co., Ltd.
14.8 Sungrow Power Supply Co., Ltd. (Global)
14.9 Huawei Technologies Co., Ltd. (Global)
14.10 ABB INC (Philippines)

15. Strategic Recommendations16. Disclaimer

List of Figures

1. Philippines Power Generation Capacity by Source, 2017
2. Philippines Power Installed Capacity, 2017
3. Solar Installations in Philippines, 2014-2017
4. Philippines Existing Solar Farms
5. Philippines Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
6. Philippines Solar Inverter Installed Capacity Net Addition, 2014-2024F (MW)
7. Philippines Solar Inverter Revenue Share, By Power Rating, 2017 & 2024F
8. Philippines Solar Inverter Market Revenue Share, By Types, 2017 & 2024F
9. Philippines Solar Inverter Market Revenue Share, By Verticals, 2017 & 2024F
10. Philippines Solar Inverter Market Revenue Share, By Regions, 2017 & 2024F
11 Philippines Solar Inverter Market - Industry Life Cycle 2017
12. Government Energy Plan, 2017-2040
13. Declining Cost of Rooftop Solar Power Installations (2015-2017)
14. Declining EPC Cost (2014-2017)
15. Philippines Solar Energy Resource Potential
16. Philippines Below 10 kW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
17. Philippines 10 kW-100 kW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
18. Philippines 100.1 kW-1 MW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
19. Philippines Above 1 MW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
20. Philippines Micro Solar Inverter Market Revenues, 2014-2024F ($ Million)
21. Philippines String Solar Inverter Market Revenues, 2014-2024F ($ Million)
22. Philippines Central Solar Inverter Market Revenues, 2014-2024F ($ Million)
23. Philippines Residential Vertical Solar Inverter Market Revenues, 2014-2024F ($ Million)
24. Total Number of Units Addition in Manila, 2016-2020E
25. Philippines Commercial & Industrial Vertical Solar Inverter Market Revenues, 2014-2024F ($ Million)
26. Philippines Utility Vertical Solar Inverter Market Revenues, 2014-2024F ($ Million)
27. Philippines Central Region Solar Inverter Market Revenues, 2014-2017 ($ Million)
28. Philippines Central Region Solar Inverter Market Revenues, 2018E-2024F ($ Million)
29. Mindanao Indicative Power Projects, as on Sep 2017, (MW)
30. Mindanao Committed Power Projects, as on Sep 2017, (MW)
31. Philippines Northern Region Solar Inverter Market Revenues, 2014-2017 ($ Million)
32. Philippines Northern Region Solar Inverter Market Revenues, 2018E-2024F ($ Million)
33. Luzon Indicative Power Projects, as on Sep 2017, (MW)
34. Luzon Committed Power Projects, as on Sep 2017, (MW)
35. Philippines Southern Region Solar Inverter Market Revenues, 2014-2017 ($ Million)
36. Philippines Southern Region Solar Inverter Market Revenues, 2018E-2024F ($ Million)
37. Visayas Indicative Power Projects, as on Sep 2017, (MW)
38. Visayas Committed Power Projects, as on Sep 2017, (MW)
39. Government Actual Government Spending Vs Actual Government Revenues, 2015-2023F (PHP Trillion)
40. Government Budget Expenditure by Sector, 2018 (PHP Trillion)
41. Summary of Upcoming Projects as on Dec 2017
42. Philippines Solar Inverter Market Opportunity Assessment, By Power Rating, 2024F
43. Philippines Solar Inverter Market Opportunity Assessment, By Types, 2024F
44. Philippines Solar Inverter Market Opportunity Assessment, By Verticals, 2024F
45. Philippines Solar Inverter Market Revenue Share, By Company, 2017

List of Tables

1. Cumulative Target for Solar Installations, 2016-2030F (MW)
2. Signed Renewable Energy Payment Agreement (REPA), As on December, 2017
3. Philippines Upcoming Residential Projects
4. Philippines Upcoming Office Projects
5. Philippines Upcoming Infrastructure Projects
6. Top department/ Recipients in national Budget, 2018-2019E, (Billion Pesos)
7. List of Upcoming Solar Projects, as on December 2017

Companies Mentioned

ABB INC (Philippines)
Huawei Technologies Co., Ltd. (Global)
Jiangsu Goodwe Power Supply Technology Ltd.
Schneider Electric (Philippines) Inc
Shenzhen Growatt New Energy Technology Co., Ltd
SMA Solar Technology AG(Global)
SolaX Power Co., Ltd.
Sungrow Power Supply Co., Ltd. (Global)
Voltronic Power Technology Corporation
Zhejiang Bou New Energy Technology Co., Ltd

Table of Contents

Companies Mentioned

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