Global Grid-tied String Inverter Market Growth 2025-2031

The global Grid-tied String Inverter market size is predicted to grow from US$ 1790 million in 2025 to US$ 2757 million in 2031; it is expected to grow at a CAGR of 7.5% from 2025 to 2031.

A grid-tied string inverter is an electrical device used in photovoltaic (PV) solar power systems to convert the direct current (DC) electricity generated by solar panels into alternating current (AC) electricity for use in buildings or to be fed into the electrical grid. These inverters are a fundamental component of grid-tied solar installations, and they play a key role in optimizing power production and ensuring the integration of solar energy into the grid.

Increased Solar Power Installations: The market for grid-tied string inverters continued to grow in response to the increased deployment of solar power systems in residential, commercial, and utility-scale applications.

Residential Solar: The residential solar market was a significant driver of grid-tied string inverter sales. As more homeowners installed solar systems, the demand for reliable and cost-effective inverters increased.

Commercial and Industrial Installations: Grid-tied string inverters were also commonly used in commercial and industrial solar installations, including rooftop and ground-mounted systems. Businesses sought to reduce energy costs and meet sustainability goals.

String Inverter Advancements: Ongoing research and development efforts focused on improving the efficiency and reliability of string inverters. This included innovations in maximum power point tracking (MPPT) technology and cooling systems.

Integration with Energy Storage: The integration of grid-tied string inverters with energy storage solutions, such as batteries, gained momentum. This allowed for greater energy independence and the ability to store excess solar energy for later use.

Grid Services and Demand Response: Some grid-tied inverters were used to provide grid services, such as frequency regulation and demand response. Solar power systems with grid-tied inverters could support grid stability and reliability.

LP Information, Inc. (LPI) ' newest research report, the “Grid-tied String Inverter Industry Forecast” looks at past sales and reviews total world Grid-tied String Inverter sales in 2024, providing a comprehensive analysis by region and market sector of projected Grid-tied String Inverter sales for 2025 through 2031. With Grid-tied String Inverter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Grid-tied String Inverter industry.

This Insight Report provides a comprehensive analysis of the global Grid-tied String Inverter 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 Grid-tied String Inverter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Grid-tied String Inverter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Grid-tied String Inverter 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 Grid-tied String Inverter.

This report presents a comprehensive overview, market shares, and growth opportunities of Grid-tied String Inverter market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
3.6-6KW
30-50KW
30-50KW
Others

Segmentation by Application:
Residential
Commercial & Industrial
Utilities

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.
SMA Solar Technology
Solaredge Technologies
Hitachi Hi-Rel
Schneider Electric Solar
ABB
Sungrow Power Supply
Fronius
Solarmax
Ksolare
Yaskawa-Solectria Solar
Ginlong Technologies
Delta Energy System
Samil Power
KACO New Energy
Chint Power Systems
Huawei Technologies
Ningbo Deye Technology
Austasolar

Key Questions Addressed in this Report

What is the 10-year outlook for the global Grid-tied String Inverter market?

What factors are driving Grid-tied String Inverter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Grid-tied String Inverter market opportunities vary by end market size?

How does Grid-tied String Inverter break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.