The Europe Grid-Forming Inverter Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030).
Microgrids are highly compatible with integrating renewable energy sources like solar panels and wind turbines into the EV charging infrastructure. The synergistic relationship that exists between electric vehicles (EVs) and microgrids helps to advance the goal of reducing carbon emissions by promoting environmentally friendly and sustainable modes of transportation. In addition, energy storage devices can be included into microgrids, which can supplement electric vehicle charging by storing extra energy and provide a reliable power supply in the event that the main grid experiences disruptions or an emergency.
Microgrids provide intelligent and dynamic charging alternatives through the integration of smart charging technology, which optimizes charging based on the conditions of the grid, the cost of energy, and the preferences of individual users. In the end, the proliferation of electric vehicle charging infrastructure is what drives the demand for microgrids. This is because microgrids are able to effectively manage increased electricity demand, make the incorporation of renewable energy sources easier, strengthen grid stability, and improve the reliability of charging operations.
A microgrid is a local electric system that can provide power from electric grids either in parallel or isolation. Shifting inclination from remote central station power plants to more localized and distributed generation for enhanced reliability, resiliency, and energy in cities, communities, and campuses is projected to impact the market growth substantially.
Some EU Framework Programs (FPs) support extensive R&D efforts that go hand in hand with microgrid development in the EU. Demonstration projects have been created since FP 5 with an emphasis on utility-scale multi-microgrid, control, and operation, as well as island and remote microgrid systems. In isolated and remote locations with unstable or nonexistent grid energy, off-grid power generation has long been necessary in Europe. Hence, the rising implementations of microgrids along with the increasing emphasis on using clean energy will propel the growth of the market in the coming years.
The Germany market dominated the Europe Grid-forming Inverter Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $76.5 million by 2030. The UK market is registering a CAGR of 7.5% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 9.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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
TABLE 1 Europe Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 2 Europe Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 3 Europe Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 4 Europe Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 5 Europe Solar PV Plants Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Solar PV Plants Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Wind Power Plants Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Wind Power Plants Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Energy Storage Systems Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Energy Storage Systems Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Electric Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Electric Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 14 Europe Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 15 Europe Central Inverter Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Central Inverter Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Micro Inverter Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Micro Inverter Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe String Inverter Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe String Inverter Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 22 Europe Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 23 Europe Above 500 V Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Above 500 V Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe 300 - 500 V Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe 300 - 500 V Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe 100 - 300 V Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe 100 - 300 V Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 30 Europe Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 31 Europe Below 50 KW Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Below 50 KW Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe 50 - 100 KW Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe 50 - 100 KW Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Above 100 KW Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Above 100 KW Market by Country, 2023 - 2030, USD Million
TABLE 37 Europe Grid-forming Inverter Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Grid-forming Inverter Market by Country, 2023 - 2030, USD Million
TABLE 39 Germany Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 40 Germany Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 41 Germany Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 42 Germany Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 43 Germany Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 44 Germany Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 45 Germany Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 46 Germany Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 47 Germany Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 48 Germany Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 49 UK Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 50 UK Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 51 UK Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 52 UK Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 53 UK Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 54 UK Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 55 UK Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 56 UK Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 57 UK Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 58 UK Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 59 France Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 60 France Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 61 France Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 62 France Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 63 France Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 64 France Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 65 France Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 66 France Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 67 France Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 68 France Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 69 Russia Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 70 Russia Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 71 Russia Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 72 Russia Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 73 Russia Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 74 Russia Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 75 Russia Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 76 Russia Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 77 Russia Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 78 Russia Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 79 Spain Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 80 Spain Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 81 Spain Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 82 Spain Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 83 Spain Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 84 Spain Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 85 Spain Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 86 Spain Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 87 Spain Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 88 Spain Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 89 Italy Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 90 Italy Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 91 Italy Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 92 Italy Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 93 Italy Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 94 Italy Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 95 Italy Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 96 Italy Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 97 Italy Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 98 Italy Grid-forming Inverter Market by Power Rating, 2023 - 2030, USD Million
TABLE 99 Rest of Europe Grid-forming Inverter Market, 2019 - 2022, USD Million
TABLE 100 Rest of Europe Grid-forming Inverter Market, 2023 - 2030, USD Million
TABLE 101 Rest of Europe Grid-forming Inverter Market by Application, 2019 - 2022, USD Million
TABLE 102 Rest of Europe Grid-forming Inverter Market by Application, 2023 - 2030, USD Million
TABLE 103 Rest of Europe Grid-forming Inverter Market by Type, 2019 - 2022, USD Million
TABLE 104 Rest of Europe Grid-forming Inverter Market by Type, 2023 - 2030, USD Million
TABLE 105 Rest of Europe Grid-forming Inverter Market by Voltage, 2019 - 2022, USD Million
TABLE 106 Rest of Europe Grid-forming Inverter Market by Voltage, 2023 - 2030, USD Million
TABLE 107 Rest of Europe Grid-forming Inverter Market by Power Rating, 2019 - 2022, USD Million
TABLE 108 Rest of Europe 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 Europe 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 Europe Grid-forming Inverter Market share by Application, 2022
FIG 7 Europe Grid-forming Inverter Market share by Application, 2030
FIG 8 Europe Grid-forming Inverter Market by Application, 2019 - 2030, USD Million
FIG 9 Europe Grid-forming Inverter Market share by Type, 2022
FIG 10 Europe Grid-forming Inverter Market share by Type, 2030
FIG 11 Europe Grid-forming Inverter Market by Type, 2019 - 2030, USD Million
FIG 12 Europe Grid-forming Inverter Market share by Voltage, 2022
FIG 13 Europe Grid-forming Inverter Market share by Voltage, 2030
FIG 14 Europe Grid-forming Inverter Market by Voltage, 2019 - 2030, USD Million
FIG 15 Europe Grid-forming Inverter Market share by Power Rating, 2022
FIG 16 Europe Grid-forming Inverter Market share by Power Rating, 2030
FIG 17 Europe Grid-forming Inverter Market by Power Rating, 2019 - 2030, USD Million
FIG 18 Europe Grid-forming Inverter Market share by Country, 2022
FIG 19 Europe Grid-forming Inverter Market share by Country, 2030
FIG 20 Europe 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