The Middle East & Africa solar inverters market is expected to reach US$ 615.37 million by 2028 from US$ 404.46 million in 2022; it is estimated to grow at a CAGR of 7.2% from 2022 to 2028.
Due to the high penetration level of distributed energy resources (DER), the grid poses many complex challenges to the functioning of inverters. As a solution for these common problems, smart inverters come into play by solving most of the problems of the traditional system. Since smart inverters work autonomously, they have a positive impact on the implemented residential sector as well as the national power grid. Due to the stress, the traditional grid requires constant maintenance, but smart inverters could help address these localized challenges and grow the system's flexibility. Smart inverters allow two-way communication with utility control centers. In addition, advanced capabilities such as voltage and frequency sensors allow smart inverters to detect grid abnormalities and send feedback to utility operators. The necessity of a smart solar inverters has been increasing day by day. Smart inverters technology provides some advantages to residential, commercial, and utility-scale solar, which includes high redundancy through a distributed alternating current (AC) architecture that reduces system cost and improves operations and maintenance. Smart inverters function as the brain of the photovoltaics (PV) system, which are responsible for monitoring, communications, smart energy management, grid interaction, storage, and safety. Further, Delta's smart solar inverters solutions enable smart and cost-effective designs for industrial and small utility-scale PV power plants by maximizing energy yields even in challenging landscapes and locations. The smart inverters will have more direct current (DC) overloading options, flexible maximum power point tracking (MPPT) channels, fuse-less or in-line fuse options, and wireless communication systems. Thus, smart inverters technology in the solar inverters category will create future opportunities for the MEA solar inverters market players. The Middle East & Africa solar inverters market is expected to grow at a good CAGR during the forecast period.
FIMER S.a.p, Delta Electronics, Enertechups, GOODWE, Sineng Electric, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in The Middle East & Africa solar inverters market.
Due to the high penetration level of distributed energy resources (DER), the grid poses many complex challenges to the functioning of inverters. As a solution for these common problems, smart inverters come into play by solving most of the problems of the traditional system. Since smart inverters work autonomously, they have a positive impact on the implemented residential sector as well as the national power grid. Due to the stress, the traditional grid requires constant maintenance, but smart inverters could help address these localized challenges and grow the system's flexibility. Smart inverters allow two-way communication with utility control centers. In addition, advanced capabilities such as voltage and frequency sensors allow smart inverters to detect grid abnormalities and send feedback to utility operators. The necessity of a smart solar inverters has been increasing day by day. Smart inverters technology provides some advantages to residential, commercial, and utility-scale solar, which includes high redundancy through a distributed alternating current (AC) architecture that reduces system cost and improves operations and maintenance. Smart inverters function as the brain of the photovoltaics (PV) system, which are responsible for monitoring, communications, smart energy management, grid interaction, storage, and safety. Further, Delta's smart solar inverters solutions enable smart and cost-effective designs for industrial and small utility-scale PV power plants by maximizing energy yields even in challenging landscapes and locations. The smart inverters will have more direct current (DC) overloading options, flexible maximum power point tracking (MPPT) channels, fuse-less or in-line fuse options, and wireless communication systems. Thus, smart inverters technology in the solar inverters category will create future opportunities for the MEA solar inverters market players. The Middle East & Africa solar inverters market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Solar Inverters Market Segmentation
The Middle East & Africa solar inverters market is segmented into type, system type, end user, and country.- Based on type, the market is segmented into central, string, and micro. The central segment would lead the Middle East & Africa solar inverters market in 2022.
- Based on system type, the market is bifurcated into on-grid and off-grid. The on-grid segment would dominate the Middle East & Africa solar inverters market in 2022.
FIMER S.a.p, Delta Electronics, Enertechups, GOODWE, Sineng Electric, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in The Middle East & Africa solar inverters market.
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Solar Inverters Market Landscape
5. MEA Solar Inverters Market - Key Market Dynamics
6. Solar inverters - MEA Market Analysis
7. MEA Solar Inverters Market Analysis - By Type
8. MEA Solar Inverters Market Analysis - By System Type
9. MEA Solar Inverters Market Analysis - By End User
10. MEA Solar Inverters Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- FIMER S.a.p.
- Delta Electronics.
- Enertechups.
- GOODWE.
- Sineng Electric.
- SMA Solar Technology AG.
- SolarEdge Technologies.
- Hitachi Hi-Rel Power Electronic Pvt.Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 115 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 404.46 Million |
| Forecasted Market Value ( USD | $ 615.37 Million |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 8 |
