The global Photovoltaic Rapid Shutdown Device market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China"s photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan"s newly installed photovoltaic capacity was 3.35 GW.

Infinity Market Research newest research report, the ?Photovoltaic Rapid Shutdown Device Industry Forecast? looks at past sales and reviews total world Photovoltaic Rapid Shutdown Device sales in 2024, providing a comprehensive analysis by region and market sector of projected Photovoltaic Rapid Shutdown Device sales for 2025 through 2031. With Photovoltaic Rapid Shutdown Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Photovoltaic Rapid Shutdown Device industry.

This Insight Report provides a comprehensive analysis of the global Photovoltaic Rapid Shutdown Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Photovoltaic Rapid Shutdown Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms? unique position in an accelerating global Photovoltaic Rapid Shutdown Device market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Photovoltaic Rapid Shutdown Device and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Photovoltaic Rapid Shutdown Device.

This report presents a comprehensive overview, market shares, and growth opportunities of Photovoltaic Rapid Shutdown Device market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Power Optimizer
    Microinverter

Segmentation by Application:

    On-grid
    Off-grid

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

    APsystems
    SMA Solar Technology AG
    Midnite Solar
    Zerun
    ABB
    Fronius
    Ginlong
    Zhejiang Benyi Electrical Co. Ltd.
    Tigo Energy
    Enteligent
    Delta Electronics, Inc.
    Northern Electric Power Technology Inc.
    Fimer Spa
    TSUNESS Co., Ltd
    Trina Solar

Key Questions Addressed in this Report

What is the 10-year outlook for the global Photovoltaic Rapid Shutdown Device market?
What factors are driving Photovoltaic Rapid Shutdown Device market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Photovoltaic Rapid Shutdown Device market opportunities vary by end market size?
How does Photovoltaic Rapid Shutdown Device break out by Type, by Application?