Global Grid-Forming Inverter Market Outlook 2023-2033: Size, Growth, and Future Projections

Comprehensive historical analysis of Global Grid-Forming Inverter Market has thoroughly analyzed in this report. It offers data and insights from 2019–2022, and provides extensive market forecasts from 2023–2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Grid-Forming Inverter market.

The growing integration of renewable energy sources and the transition to smarter, more robust power grids will propel significant growth in the global grid-forming inverter market between 2023 and 2033. Inverters that form part of the grid are essential for preserving system stability and guaranteeing the smooth incorporation of distributed energy sources, such wind and solar power, into the electrical grid. These inverters are anticipated to become an essential component of contemporary energy infrastructure as the demand for sustainable energy solutions grows on a global scale.

The Grid-Forming Inverter Market Size is Anticipated to Exceed USD 1680.35 Million by 2033, Growing at a CAGR of 8.78% from 2023 to 2033.

Grid-forming inverters are expected to enjoy faster market adoption throughout the projection period because of their advanced capabilities to ensure grid stability even during disturbances. The market will grow as a result of continued investments in renewable energy projects as well as the demand for improved energy reliability and efficiency. The market for grid-forming inverters will be crucial in facilitating the shift to a cleaner, more resilient energy future as countries prioritize sustainability.

The report includes growth prospects in the global Grid-Forming Inverter market by type, application, sub segement and region and QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Energy & Power and other sectors. Regional coverage spans North America, Europe, and rest of the world including Asia Pacific.

Leading players of Grid-Forming Inverter including:

• Schneider Electric SE
• General Electric Company
• Delta Electronics, Inc.
• Sungrow Power Supply Co., Ltd.
• Fimer Group
• KACO New Energy GmbH
• GoodWe
• Huawei Technologies Co., Ltd
• SolarEdge Technologies, Inc.
• Enphase Energy, Inc.
• Mitsubishi Electric
• Infineon Technologies
• Vikram SolarGrowatt
• Others

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Market split by Segement, can be divided into:

By Type

• Micro Inverters
• String Inverters
• Central Inverters

By Power Rating

• 100–300 V
• 300–500 V
• 500 V

Market segment by Region/Country including:

• North America
• US
• Canada
• Mexico
•  
• Europe
• Germany
• Uk
• France
• Italy
• Spain
• Russia
• Rest of Europe
•  
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia Pacific
•  
• South America
• Brazil
• Argentina
• Rest of South America
•  
• Middle East & Africa
• UAE
• Saudi Arabia
• Qatar
• South Africa
• Rest of Middle East & Africa
•  

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In July 2023, the Gamesa introduced a new central inverter with grid-forming capabilities. According to Gamesa, the latest hybrid version of the Proteus inverter is compatible with large-scale battery systems and can operate in both grid-following and grid-forming modes. This product is scalable and can generate up to 5.6 MVA of battery discharge power at 40°C and 1,300 V, with an amazing 99% efficiency rating.

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Whats covered in the report?

• 1. Overview of the Grid-Forming Inverter market.
• 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Grid-Forming Inverter market, based on segement.
• 3. Grid-Forming Inverter Market trends.
• 4. Grid-Forming Inverter Market drivers.
• 5. Analysis of major company profiles.

Reasons to buy this Market Report:

1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Grid-Forming Inverter market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Grid-Forming Inverter Industry.
3. Leading company profiles reveal details of key Grid-Forming Inverter market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Grid-Forming Inverter market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Grid-Forming Inverter market over the upcoming seven years
7. Accurate estimation of the global Grid-Forming Inverter market size
8. Exact estimations of the upcoming trends and changes observed in the consumer behavior
9. Growth of the global Grid-Forming Inverter market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Grid-Forming Inverter market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis on various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Grid-Forming Inverter market

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