Germany Solar Inverter Market Insights Forecasts to 2033

• The Germany Solar Inverter Market Size was valued at USD 0.81 Billion in 2023.
• The Market Size is Growing at a CAGR of 17.11% from 2023 to 2033
• The Germany Solar Inverter Market Size is Expected to Reach USD 3.93 Billion by 2033

The Germany Solar Inverter Market is Anticipated to Exceed USD 3.93 Billion by 2033, growing at a CAGR of 17.11% from 2023 to 2033.

Market Overview

The primary purpose of a solar inverter is to "invert," or convert, the DC to AC solar energy generated by the solar panels so that the house and electric system are capable of using energy. Through the use of solar inverters, anyone may connect the solar power gadget to the internet and view system details. This is very helpful if the goal is to check that the system is operating correctly or compare the amount of energy that is used for household usage (the energy shown on the electricity bill) to the amount of solar energy that is produced. String inverters and microinverters are the two primary categories of inverters. Multiple PV panels are linked in series by string inverters, which reverse the string's total DC output. This creates individual points of failure but enables maximal power point tracking to maximize performance. On the other hand, microinverters are either tightly connected to or integrated into individual PV panels. At a higher cost per watt, this offers monitoring and optimization at the module level.

Report Coverage

This research report categorizes the market for the Germany solar inverter market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany solar inverter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany solar inverter market.

Driving Factors

The German solar inverter market is expanding as a result of the growing recognition of green energy as a main source of power generation and large investments in solar projects, photovoltaic batteries for energy storage, solar power cells, and other related technologies. The adoption of "Solarpaket 1" by the German parliament, which includes new regulations about the size of eligible installations in large-scale solar auctions and increased feed-in tariffs for commercial and industrial (C&I) solar projects, is anticipated to accelerate the growth of the German solar market greatly. In April 2024, the three-party coalition that governs Germany reached a consensus on the "Solarpaket 1" package. The actions include boosting subsidies and loosening regulations on the installation of tiny solar systems on balconies. These programs are significant drivers of the German solar inverter industry's expansion.

Restraining Factors

A photovoltaic (PV) system's surrounding residents could be in danger if there is a short-circuit current scenario due to electric arcs having the potential to trigger fires.

Market Segmentation

The Germany solar inverter market share is classified into product and grid type.

• The central inverters segment is expected to hold a significant market share through the forecast period.

The Germany solar inverter market is segmented by product into string inverters, micro inverters, power optimizers, hybrid inverters, and central inverters. Among these, the central inverters segment is expected to hold a significant market share through the forecast period. The increasing prevalence of central inverters in commercial and manufacturing solar projects, including roof-top installations on manufacturing facilities and distribution centers, solar power plants, and microgrid installations; the growing popularity of these types of inverters in utility-scale solar power stations for linking massive numbers of solar panels.

• The on-grid segment is expected to dominate the Germany solar inverter market during the forecast period.

Based on the grid type, the Germany solar inverter market is divided into on-grid, off-grid, and hybrid. Among these, the on-grid segment is expected to dominate the Germany solar inverter market during the forecast period. The requirement for on-grid inverters for solar power in homes, businesses, and utility-scale solar PV installations is driven by the growing need to lessen dependency on conventional fossil fuel-based energy generation.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany solar inverter market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• SMA Solar Technology AG
• Siemens Energy AG
• KACO New Energy GmbH
• Fronius International GmbH
• REFUsol GmbH
• SolarMax
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2022, Fronius has committed to investing over EUR 230 million in the upcoming year to develop and convert its manufacturing site in Sattledt, Austria, and its expertise center for reactive elements in Krumau, the Czech Republic, for a total of EUR 187 million.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Solar Inverter Market based on the below-mentioned segments:

Germany Solar Inverter Market, By Product

• String Inverters
• Micro Inverters
• Power Optimizers
• Hybrid Inverters
• Central Inverters

Germany Solar Inverter Market, By Grid Type

• On-Grid
• Off-Grid
• Hybrid