Philippines Solar Inverter Market (2018-2024) | Outlook, Value, Industry, Share, Size, Companies, Trends, Growth, Forecast, Analysis & Revenue

Market Forecast By Power Ratings (Below 10 kW, 10 kW - 100 kW, 100.1 kW - 1 MW and Above 1 MW), By Types (Central Inverter, String Inverter and Micro Inverter), By Verticals (Residential, Commercial & Industrial and Utility), By Regions (Northern, Central and Southern) and Competitive Landscape

Product Code: ETC000546	Publication Date: Nov 2021	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 110	No. of Figures: 45	No. of Tables: 7

With the solar energy market still being relatively untapped and the government of the Philippines is planning to reach 20 GW of solar installations by 2040, the solar inverter market in the country is expected to witness significant growth over the next six years. The growing focus of the government for the development of solar farms in tandem with the initiatives being launched for the same would benefit the growth of the Philippines solar inverter market over the coming years.

According to 6Wresearch, the Philippines solar inverter market size is projected to grow at a CAGR of 2.4% during 2018-24. The market by vertical is dominated by the utility sector, owing to a large number of inverter installations in this segment. Further, with the large number of upcoming projects approved by the Philippines government in the utility sector, the segment is expected to continue its dominance in the country over the forecast period.

Philippines Solar Inverter Market (2018-2024)
Due to a lower per watt price, greater efficiency, and high utilization in the utility and large-scale commercial segments, central solar inverters dominated the overall Philippines solar inverter market share in 2017. Microinverters, on the other hand, occupied a small revenue share owing to higher per watt price and their inability to be used efficiently in high power generation capacity applications in power plants.

Philippines solar inverter market report thoroughly covers the solar Inverter market by power rating, types, applications, and regions. Philippines solar inverter market outlook report provides an unbiased and detailed analysis of the Philippines solar inverter market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to device and align market strategies according to the current and future market dynamics.

Philippines Solar Inverter Market is important for the solar power system. In solar inverter converts in direct current (DC) AND photovoltaic (PV). In the Philippines solar inverter market, there are various components that are connected to the circuit that is electrical and electronic help in the conversion. Philippines Solar Inverter Market plans to attain the electrification rate in the future. In the Philippines solar inverter, the current power needs going to expand on the solar energy based on the Philippines falling cost of solar equipment and they have a short gestation period of the solar rooftop project. The country Philippines placed well according to geographically for the development of solar energy. The market is dominated by different aspects such as the utility sector and a large number of inverter installations segments. There is a large number of projects going to be introduced in the Philippines by the government in the utility sector.

The Philippines government planned to electrification the solar inverter market in the country during the forecast period. Solar Inverter energy based on the current power is going to expand add new equipment in the solar inverter such as a solar rooftop, short gestation. Most important according to geographically locate the development of solar energy will be placed. A large number of the inverter is an installation in the different segments they placed. There are a lot of projects going to improve the condition of the solar inverter in the market and increase in the utility sector it expected the country get dominated in the forecast period.

Key Highlights of the Report:

• Philippines Solar Inverter Market Overview
• Philippines Solar Inverter Market Outlook
• Philippines Solar Inverter Market Forecast
• Historical Data of Philippines Solar Inverter Market Revenues and Volume for the Period 2014- 2024F.
• Philippines Solar Inverter Market Size & Philippines Solar Inverter Market Forecast, Until 2024.
• Historical Data of Philippines Solar Inverter Market Revenues and Volume by power rating for the Period 2014-2024F.
• Market Size & Forecast of Philippines Solar Inverter Market Revenues and Volume by power rating for the Period 2014-2024F.
• Historical Data of Philippines Solar Inverter Market Revenues by Types for the Period 2014-2024F.
• Market Size & Forecast of Philippines Solar Inverter Market Revenues by Types for the Period 2014-2024F.
• Historical Data of Philippines Solar Inverter Market Revenues by Verticals for the Period 2014-2024F.
• Market Size & Forecast of Philippines Solar Inverter Market Revenues by Verticals for the Period 2014-2024F.
• Historical Data of Philippines Solar Inverter Market Revenues by regions for the Period 2014-2024F
• Market Size & Forecast of Philippines Solar Inverter Market Revenues by regions for the Period 2014-2024F
• Market Drivers and Restraints
• Philippines Solar Inverter Market Trends and Opportunities
• Philippines Solar Inverter Market Share, By Players
• Philippines Solar Inverter Market Overview on Competitive Landscape
• Company Profiles
• Strategic Recommendations

Markets Covered:

Philippines solar inverter market report provides a detailed analysis of the following market segments:

• By Power Ratings

o Below 10 kW
    o 10 kW - 100 kW
    o 100.1 kW - 1 MW
    o Above 1 MW

• By Types

o Central Inverter
o String Inverter
o Micro-Inverter

• By Verticals

o Residential
o Commercial & Industrial
o Utility

• By Regions

o Northern
o Central
o Southern

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1. Executive Summary
2. Introduction
    2.1 Report Description
    2.2 Key Highlights of The Report
    2.3 Market Scope & Segmentation
    2.4 Research Methodology
    2.5 Assumptions
3. Philippines Solar Power Sector Overview
4. Philippines Solar Inverter Market Overview
    4.1 Philippines Country Indicators
    4.2 Philippines Solar Inverter Market Revenues and Volume, 2014-2024F
    4.3 Philippines Solar Inverter Net Capacity Additions, 2014-2024F
    4.4 Philippines Solar Inverter Market Revenue Share, By Power Rating, 2014-2024F
    4.5 Philippines Solar Inverter Market Revenue Share, By Types, 2014-2024F
    4.6 Philippines Solar Inverter Market Revenue Share, By Verticals, 2014-2024F
    4.7 Philippines Solar Inverter Market Revenue Share, By Regions, 2014-2024F
    4.8 Philippines Solar Inverter Market - Industry Life Cycle, 2017
    4.9 Philippines Solar Inverter Market - Porter's Five Forces, 2017
5. Philippines Solar Inverter Market Dynamics
    5.1 Impact Analysis
    5.2 Market Drivers
    5.3 Market Restrains
6. Philippines Solar Inverter Market Trends
7. Philippines Solar Inverter Market Overview, By Power Rating
    7.1 Philippines Below 10 kw Solar Inverter Market Revenues and Volume, 2014-2024F
    7.2 Philippines 10 kW-100 kW Solar Inverter Market Revenues and Volume, 2014-2024F
    7.3 Philippines 100.1 kW-1 MW Solar Inverter Market Revenues and Volume, 2014-2024F
    7.4 Philippines Above 1 MW Solar Inverter Market Revenues and Volume, 2014-2024F
8. Philippines Solar Inverter Market Overview, By Types
    8.1 Philippines Micro Solar Inverter Market Revenues, 2014-2024F
    8.2 Philippines String Solar Inverter Market Revenues, 2014-2024F
    8.3 Philippines Central Solar Inverter Market Revenues, 2014-2024F
9. Philippines Solar Inverter Market Overview, By Verticals
    9.1 Philippines Residential Vertical Solar Inverter Market Revenues, 2014-2024F
          9.1.1 Philippines Residential Sector Overview
    9.2 Philippines Commercial & Industrial Vertical Solar Inverter Market Revenues, 2014-2024F
          9.2.1 Philippines Commercial Sector Overview
          9.2.2 Philippines Industrial Sector Overview
    9.3 Philippines Utility Vertical Solar Inverter Market Revenues, 2014-2024F
          9.3.1 Philippines Power Sector Overview
10. Philippines Solar Inverter Market Overview, By Regions
      10.1 Philippines Central Region Solar Inverter Market Revenues, 2014-2024F
            10.1.1 Philippines Central Region Power Sector Overview
      10.2 Philippines Northern Region Solar Inverter Market Revenues, 2014-2024F
      10.2.1Philippines Northern Region Power Sector Overview
      10.3 Philippines Southern Region Solar Inverter Market Revenues, 2014-2024F
      10.3.1Philippines Southern Region Power Sector Overview
11. Philippines Solar Inverter Market Key Performance Indicators
      11.1 Philippines Government Spending Outlook
      11.2 Philippines Upcoming Solar Projects
12. Philippines Solar Inverter Market Opportunity Assessment
      12.1 Philippines Solar Inverter Market Opportunity Assessment, By Power Rating
      12.2 Philippines Solar Inverter Market Opportunity Assessment, By Types
      12.3 Philippines Solar Inverter Market Opportunity Assessment, By Verticals
13. Competitive Landscape
      13.1 Philippines Solar Inverter Revenue Share, By Company, 2017
      13.2 Competitive Benchmarking, By Type
14. Company Profiles
      14.1 Jiangsu Goodwe Power Supply Technology Ltd.
      14.2 SMA Solar Technology AG(Global)
      14.3 Voltronic Power Technology Corporation
      14.4 Schneider Electric (Philippines) Inc
      14.5 Zhejiang Bou New Energy Technology Co., Ltd
      14.6 Shenzhen Growatt New Energy Technology Co., Ltd
      14.7 SolaX Power Co., Ltd.
      14.8 Sungrow Power Supply Co., Ltd. (Global)
      14.9 Huawei Technologies Co., Ltd. (Global)
      14.10 ABB INC (Philippines)
15. Strategic Recommendations
16. Disclaimer

List of Figures
1. Philippines Power Generation Capacity by Source, 2017
2. Philippines Power Installed Capacity, 2017
3. Solar Installations in Philippines, 2014-2017
4. Philippines Existing Solar Farms
5. Philippines Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
6. Philippines Solar Inverter Installed Capacity Net Addition, 2014-2024F (MW)
7. Philippines Solar Inverter Revenue Share, By Power Rating, 2017 & 2024F
8. Philippines Solar Inverter Market Revenue Share, By Types, 2017 & 2024F
9. Philippines Solar Inverter Market Revenue Share, By Verticals, 2017 & 2024F
10. Philippines Solar Inverter Market Revenue Share, By Regions, 2017 & 2024F
11 Philippines Solar Inverter Market - Industry Life Cycle 2017
12. Government Energy Plan, 2017-2040
13. Declining Cost of Rooftop Solar Power Installations (2015-2017)
14. Declining EPC Cost (2014-2017)
15. Philippines Solar Energy Resource Potential
16. Philippines Below 10 kW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
17. Philippines 10 kW-100 kW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
18. Philippines 100.1 kW-1 MW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
19. Philippines Above 1 MW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
20. Philippines Micro Solar Inverter Market Revenues, 2014-2024F ($ Million)
21. Philippines String Solar Inverter Market Revenues, 2014-2024F ($ Million)
22. Philippines Central Solar Inverter Market Revenues, 2014-2024F ($ Million)
23. Philippines Residential Vertical Solar Inverter Market Revenues, 2014-2024F ($ Million)
24. Total Number of Units Addition in Manila, 2016-2020E
25. Philippines Commercial & Industrial Vertical Solar Inverter Market Revenues, 2014-2024F ($ Million)
26. Philippines Utility Vertical Solar Inverter Market Revenues, 2014-2024F ($ Million)
27. Philippines Central Region Solar Inverter Market Revenues, 2014-2017 ($ Million)
28. Philippines Central Region Solar Inverter Market Revenues, 2018E-2024F ($ Million)
29. Mindanao Indicative Power Projects, as on Sep 2017, (MW)
30. Mindanao Committed Power Projects, as on Sep 2017, (MW)
31. Philippines Northern Region Solar Inverter Market Revenues, 2014-2017 ($ Million)
32. Philippines Northern Region Solar Inverter Market Revenues, 2018E-2024F ($ Million)
33. Luzon Indicative Power Projects, as on Sep 2017, (MW)
34. Luzon Committed Power Projects, as on Sep 2017, (MW)
35. Philippines Southern Region Solar Inverter Market Revenues, 2014-2017 ($ Million)
36. Philippines Southern Region Solar Inverter Market Revenues, 2018E-2024F ($ Million)
37. Visayas Indicative Power Projects, as on Sep 2017, (MW)
38. Visayas Committed Power Projects, as on Sep 2017, (MW)
39. Government Actual Government Spending Vs Actual Government Revenues, 2015-2023F (PHP Trillion)
40. Government Budget Expenditure by Sector, 2018 (PHP Trillion)
41. Summary of Upcoming Projects as of Dec 2017
42. Philippines Solar Inverter Market Opportunity Assessment, By Power Rating, 2024F
43. Philippines Solar Inverter Market Opportunity Assessment, By Types, 2024F
44. Philippines Solar Inverter Market Opportunity Assessment, By Verticals, 2024F
45. Philippines Solar Inverter Market Revenue Share, By Company, 2017

List of Tables
1. Cumulative Target for Solar Installations, 2016-2030F (MW)
2. Signed Renewable Energy Payment Agreement (REPA), As of December 2017
3. Philippines Upcoming Residential Projects
4. Philippines Upcoming Office Projects
5. Philippines Upcoming Infrastructure Projects
6. Top department/ Recipients in national Budget, 2018-2019E, (Billion Pesos)
7. List of Upcoming Solar Projects, as of December 2017