Asia Pacific Grid-forming Inverter Market Size, Share & Industry Trends Analysis Report By Application, By Type (Central Inverter, Micro Inverter, and String Inverter), By Voltage, By Power Rating, By Country and Growth Forecast, 2023 - 2030

The Asia Pacific Grid-Forming Inverter Market would witness market growth of 9.6% CAGR during the forecast period (2023-2030).

Environmental awareness, fueling the demand for clean and green energy, is increasing the demand for renewable energy rapidly. As a result of this trend, grid-forming inverters are gaining popularity due to their ability to rapidly convert DC power to AC power while remaining connected to the grid system and operating independently in an eco-friendly manner. The market is expanding due to the rising number of solar power plants connected to the grid through an on-grid solar inverter. Commercial, industrial, and residential use of the inverter fuels the market's expansion and creates significant demand for reliable and secure power source inverters.

The exploitation of renewable resources for the generation of electricity is anticipated to bring an increase in the demands placed on microgrids in the coming future. The rising importance of the captive power generation system in the manufacturing sector to reduce the reliance on electricity from the regional electric grid is expected to remain a key driving factor.

In India, the electric vehicle (EVs) sector is expected to reach Rs. 50,000 crore (US$ 7.09 billion) by 2025. A Council on Energy, Environment and Water (CEEW) centre for energy finance study identified a US$ 206 billion market opportunity for electric vehicles in Indian by 2030. The infrastructure for vehicle manufacturing and charging will need to be invested at US$ 180 billion. The same source also stated that the Indian EV finance industry is anticipated to reach US$ 50 billion by 2030. These factors are expected to create lucrative opportunities for the providers of vehicle inverters, thereby aiding in the expansion of the regional market.

The China market dominated the Asia Pacific Grid-forming Inverter Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $130.4 million by 2030. The Japan market is anticipated to grow at a CAGR of 8.9% during (2023 - 2030). Additionally, The India market would display a CAGR of 10.2% during (2023 - 2030).

Based on Application, the market is segmented into Solar PV Plants, Wind Power Plants, Energy Storage Systems, and Electric Vehicles. Based on Type, the market is segmented into Central Inverter, Micro Inverter, and String Inverter. Based on Voltage, the market is segmented into Above 500 V, 300 - 500 V, and 100 - 300 V. Based on Power Rating, the market is segmented into Below 50 KW, 50 - 100 KW, and Above 100 KW. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Grid-forming Inverter Market is Projected to reach USD 1.2 Billion by 2030, at a CAGR of 9.2%

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), SolarEdge Technologies, Inc., Enphase Energy, Inc., Schneider Electric SE, General Electric Company, Delta Electronics, Inc., Sungrow Power Supply Co., Ltd., Fimer Group, KACO new energy GmbH and GoodWe.

Scope of the Study

Market Segments Covered in the Report:

By Application

• Solar PV Plants
• Wind Power Plants
• Energy Storage Systems
• Electric Vehicles

By Type

• Central Inverter
• Micro Inverter
• String Inverter

By Voltage

• Above 500 V
• 300 - 500 V
• 100 - 300 V

By Power Rating

• Below 50 KW
• 50 - 100 KW
• Above 100 KW

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• SolarEdge Technologies, Inc.
• Enphase Energy, Inc.
• Schneider Electric SE
• General Electric Company
• Delta Electronics, Inc.
• Sungrow Power Supply Co., Ltd.
• Fimer Group
• KACO new energy GmbH
• GoodWe

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Grid-forming Inverter Market, by Application
1.4.2 Asia Pacific Grid-forming Inverter Market, by Type
1.4.3 Asia Pacific Grid-forming Inverter Market, by Voltage
1.4.4 Asia Pacific Grid-forming Inverter Market, by Power Rating
1.4.5 Asia Pacific Grid-forming Inverter Market, by Country
1.5 Methodology for the research

Chapter 2. Market At a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Strategies Deployed in Grid-forming Inverter Market
4.3 Porter’s Five Forces Analysis

Chapter 5. Asia Pacific Grid-forming Inverter Market by Application
5.1 Asia Pacific Solar PV Plants Market by Country
5.2 Asia Pacific Wind Power Plants Market by Country
5.3 Asia Pacific Energy Storage Systems Market by Country
5.4 Asia Pacific Electric Vehicles Market by Country

Chapter 6. Asia Pacific Grid-forming Inverter Market by Type
6.1 Asia Pacific Central Inverter Market by Country
6.2 Asia Pacific Micro Inverter Market by Country
6.3 Asia Pacific String Inverter Market by Country

Chapter 7. Asia Pacific Grid-forming Inverter Market by Voltage
7.1 Asia Pacific Above 500 V Market by Country
7.2 Asia Pacific 300 - 500 V Market by Country
7.3 Asia Pacific 100 - 300 V Market by Country

Chapter 8. Asia Pacific Grid-forming Inverter Market by Power Rating
8.1 Asia Pacific Below 50 KW Market by Country
8.2 Asia Pacific 50 - 100 KW Market by Country
8.3 Asia Pacific Above 100 KW Market by Country

Chapter 9. Asia Pacific Grid-forming Inverter Market by Country
9.1 China Grid-forming Inverter Market
9.1.1 China Grid-forming Inverter Market by Application
9.1.2 China Grid-forming Inverter Market by Type
9.1.3 China Grid-forming Inverter Market by Voltage
9.1.4 China Grid-forming Inverter Market by Power Rating
9.2 Japan Grid-forming Inverter Market
9.2.1 Japan Grid-forming Inverter Market by Application
9.2.2 Japan Grid-forming Inverter Market by Type
9.2.3 Japan Grid-forming Inverter Market by Voltage
9.2.4 Japan Grid-forming Inverter Market by Power Rating
9.3 India Grid-forming Inverter Market
9.3.1 India Grid-forming Inverter Market by Application
9.3.2 India Grid-forming Inverter Market by Type
9.3.3 India Grid-forming Inverter Market by Voltage
9.3.4 India Grid-forming Inverter Market by Power Rating
9.4 South Korea Grid-forming Inverter Market
9.4.1 South Korea Grid-forming Inverter Market by Application
9.4.2 South Korea Grid-forming Inverter Market by Type
9.4.3 South Korea Grid-forming Inverter Market by Voltage
9.4.4 South Korea Grid-forming Inverter Market by Power Rating
9.5 Singapore Grid-forming Inverter Market
9.5.1 Singapore Grid-forming Inverter Market by Application
9.5.2 Singapore Grid-forming Inverter Market by Type
9.5.3 Singapore Grid-forming Inverter Market by Voltage
9.5.4 Singapore Grid-forming Inverter Market by Power Rating
9.6 Malaysia Grid-forming Inverter Market
9.6.1 Malaysia Grid-forming Inverter Market by Application
9.6.2 Malaysia Grid-forming Inverter Market by Type
9.6.3 Malaysia Grid-forming Inverter Market by Voltage
9.6.4 Malaysia Grid-forming Inverter Market by Power Rating
9.7 Rest of Asia Pacific Grid-forming Inverter Market
9.7.1 Rest of Asia Pacific Grid-forming Inverter Market by Application
9.7.2 Rest of Asia Pacific Grid-forming Inverter Market by Type
9.7.3 Rest of Asia Pacific Grid-forming Inverter Market by Voltage
9.7.4 Rest of Asia Pacific Grid-forming Inverter Market by Power Rating

Chapter 10. Company Profiles
10.1 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.6 SWOT Analysis
10.2 SolarEdge Technologies, Inc.
10.2.1 Company Overview
10.2.2 Recent strategies and developments:
10.2.2.1 Partnerships, Collaborations, and Agreements:
10.2.3 SWOT Analysis
10.3 Enphase Energy, Inc.
10.3.1 Company Overview
10.3.2 Recent strategies and developments:
10.3.2.1 Partnerships, Collaborations, and Agreements:
10.3.2.2 Product Launches and Product Expansions:
10.3.3 SWOT Analysis
10.4 Schneider Electric SE
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 General Electric Company
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 SWOT Analysis
10.6 Delta Electronics, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Research & Development Expense
10.6.4 SWOT Analysis
10.7 Sungrow Power Supply Co., Ltd.
10.7.1 Company Overview
10.7.2 SWOT Analysis
10.8 Fimer Group
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Partnerships, Collaborations, and Agreements:
10.8.3 SWOT Analysis
10.9 KACO new energy GmbH (Siemens AG)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. GoodWe
10.10.1 Company Overview
10.10.2 SWOT Analysis

TABLE 1 Asia Pacific Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Solar PV Plants Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Solar PV Plants Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Wind Power Plants Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Wind Power Plants Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Energy Storage Systems Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Energy Storage Systems Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Electric Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Electric Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Central Inverter Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Central Inverter Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Micro Inverter Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Micro Inverter Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific String Inverter Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific String Inverter Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Above 500 V Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Above 500 V Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific 300 - 500 V Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific 300 - 500 V Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific 100 - 300 V Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific 100 - 300 V Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Below 50 KW Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Below 50 KW Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific 50 - 100 KW Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific 50 - 100 KW Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Above 100 KW Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Above 100 KW Market by Country, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Grid-forming Inverter Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Grid-forming Inverter Market by Country, 2023 - 2030, USD Million
TABLE 39 China Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 40 China Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 41 China Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 42 China Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 43 China Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 44 China Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 45 China Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 46 China Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 47 China Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 48 China Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 49 Japan Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 50 Japan Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 51 Japan Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 52 Japan Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 53 Japan Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 54 Japan Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 55 Japan Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 56 Japan Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 57 Japan Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 58 Japan Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 59 India Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 60 India Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 61 India Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 62 India Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 63 India Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 64 India Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 65 India Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 66 India Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 67 India Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 68 India Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 69 South Korea Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 70 South Korea Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 71 South Korea Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 72 South Korea Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 73 South Korea Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 74 South Korea Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 75 South Korea Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 76 South Korea Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 77 South Korea Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 78 South Korea Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 79 Singapore Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 80 Singapore Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 81 Singapore Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 82 Singapore Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 83 Singapore Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 84 Singapore Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 85 Singapore Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 86 Singapore Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 87 Singapore Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 88 Singapore Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 89 Malaysia Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 90 Malaysia Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 91 Malaysia Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 92 Malaysia Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 93 Malaysia Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 94 Malaysia Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 95 Malaysia Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 96 Malaysia Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 97 Malaysia Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 98 Malaysia Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 99 Rest of Asia Pacific Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 100 Rest of Asia Pacific Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 101 Rest of Asia Pacific Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 102 Rest of Asia Pacific Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 103 Rest of Asia Pacific Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 104 Rest of Asia Pacific Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 105 Rest of Asia Pacific Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 106 Rest of Asia Pacific Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 107 Rest of Asia Pacific Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 108 Rest of Asia Pacific Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 109 Key Information – Huawei Technologies Co., Ltd.
TABLE 110 Key information – SolarEdge Technologies, Inc.
TABLE 111 Key information – Enphase Energy, Inc.
TABLE 112 Key information – Schneider Electric SE
TABLE 113 Key Information – General Electric Company
TABLE 114 Key Information – Delta Electronics, Inc.
TABLE 115 Key Information – Sungrow Power Supply Co., Ltd.
TABLE 116 Key Information – Fimer Group
TABLE 117 Key Information – KACO new energy GmbH
TABLE 118 Key Information – GoodWe

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Grid-forming Inverter Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Grid-forming Inverter Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis - Grid-forming Inverter Market
FIG 6 Asia Pacific Grid-forming Inverter Market share by Application, 2022
FIG 7 Asia Pacific Grid-forming Inverter Market share by Application, 2030
FIG 8 Asia Pacific Grid-forming Inverter Market by Application, 2019 - 2030, USD Million
FIG 9 Asia Pacific Grid-forming Inverter Market share by Type, 2022
FIG 10 Asia Pacific Grid-forming Inverter Market share by Type, 2030
FIG 11 Asia Pacific Grid-forming Inverter Market by Type, 2019 - 2030, USD Million
FIG 12 Asia Pacific Grid-forming Inverter Market share by Voltage, 2022
FIG 13 Asia Pacific Grid-forming Inverter Market share by Voltage, 2030
FIG 14 Asia Pacific Grid-forming Inverter Market by Voltage, 2019 - 2030, USD Million
FIG 15 Asia Pacific Grid-forming Inverter Market share by Power Rating, 2022
FIG 16 Asia Pacific Grid-forming Inverter Market share by Power Rating, 2030
FIG 17 Asia Pacific Grid-forming Inverter Market by Power Rating, 2019 - 2030, USD Million
FIG 18 Asia Pacific Grid-forming Inverter Market share by Country, 2022
FIG 19 Asia Pacific Grid-forming Inverter Market share by Country, 2030
FIG 20 Asia Pacific Grid-forming Inverter Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: Huawei Investment & Holding Co., Ltd
FIG 22 SWOT Analysis: SolarEdge Technologies, Inc.
FIG 23 Recent strategies and developments: Enphase Energy, Inc.
FIG 24 SWOT Analysis: Enphase Energy, Inc.
FIG 25 SWOT Analysis: Schneider Electric SE
FIG 26 SWOT Analysis: General electric (GE) Co.
FIG 27 SWOT Analysis: Delta Electronics, Inc.
FIG 28 SWOT Analysis: Sungrow Power Supply Co., Ltd.
FIG 29 SWOT Analysis: Fimer Group
FIG 30 SWOT Analysis: KACO new energy GmbH
FIG 31 SWOT Analysis: GoodWe