Japan Residential Solar Power Inverter Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 12.2% from 2024 to 2030.
Japan's residential solar power inverter market is experiencing significant growth, propelled by government policies, technological advancements, and a societal shift towards renewable energy. This article delves into the types of inverters dominating the market and the specific requirements set by various industries.
Market Overview
In 2024, Japan installed over 3 million residential solar systems, solidifying solar energy as the nation's primary clean energy source. This surge is largely attributed to government initiatives such as the mandatory installation of solar panels on new homes starting in 2025. citeturn0news23
Types of Residential Solar Power Inverters
The Japanese market predominantly utilizes two types of inverters:
String Inverters: These are the most common, connecting multiple solar panels in series. They are cost-effective and suitable for installations with minimal shading.
Microinverters: Attached to individual panels, microinverters optimize energy production, especially in installations where panels may be partially shaded or oriented differently.
Industry Requirements and Standards
Japan enforces stringent standards to ensure the safety and efficiency of electrical appliances, including solar inverters. The Act on Product Safety of Electrical Appliances and Materials (DENAN) mandates that specified electrical appliances undergo third-party conformity assessments and bear the PSE (Product Safety Electrical Appliance & Material) mark. citeturn0search24
Key requirements include:
Compliance with DENAN: Inverters must meet the safety standards outlined in the DENAN law, ensuring protection against electrical hazards.
PSE Certification: Obtaining the PSE mark signifies that the inverter has passed rigorous safety tests, instilling consumer confidence.
Grid Compatibility: Inverters must synchronize seamlessly with Japan's power grid, adhering to local voltage and frequency specifications.
Energy Efficiency: High conversion efficiency is crucial to maximize the return on investment for residential solar systems.
Conclusion
Japan's commitment to expanding its solar energy infrastructure has created a robust market for residential solar power inverters. Understanding the prevalent types and adhering to industry-specific requirements are essential for manufacturers and consumers alike to ensure safe, efficient, and reliable solar installations. As the market evolves, staying informed about regulatory changes and technological advancements will be key to leveraging the full potential of solar energy in Japan.
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General Electric
SMA Solar Technology AG
Sungrow
Darfon Electronics Corp.
Schneider Electric
Enphase Energy
Siemens
Fimer Group
Eaton SolarEdge Technologies
Huawei Technologies
Fronius International GmbH
Delta Electronics
Altenergy Power System
Hitachi Hi-Rel Power Electronics Pvt. Ltd.
TMEIC
Sineng Electric
Tabuchi Electric
Canadian Solar
Panasonic Corporation
GoodWe
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Residential Solar Power Inverter Market
String Inverters
Microinverters
Power Optimizers
Centrally Mounted Inverters
Hybrid Inverters
Grid-Tied Inverters
Off-Grid Inverters
Battery-Based Inverters
Smart Inverters
Fuel Cell Inverters
Residential Homes
Small Businesses
Community Solar Projects
Non-Profit Organizations
Government Projects
Roof-Mounted Systems
Ground-Mounted Systems
Building-Integrated Photovoltaics (BIPV)
Carport Systems
Portable Systems
Smart Monitoring
Remote Access and Control
Adaptive Energy Management
Built-In Safety Features
Multi-Device Compatibility
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Residential Solar Power Inverter Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Residential Solar Power Inverter Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Residential Solar Power Inverter Market, By Type
6. Japan Residential Solar Power Inverter Market, By Application
7. Japan Residential Solar Power Inverter Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Residential Solar Power Inverter Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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