Global PV BOS Equipment Market Growth (Status and Outlook) 2025-2031

The global PV BOS Equipment market size is predicted to grow from US$ 24630 million in 2025 to US$ 45540 million in 2031; it is expected to grow at a CAGR of 10.8% from 2025 to 2031.

A Solar PV Balance-of-System or BOS refers to the components and equipment that move DC energy produced by solar panels through the conversion system which in turn produces AC electricity. Most often, BOS refers to all components of a PV system other than the modules.

China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU"s clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan"s total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.56 GW.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PV BOS Equipment 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 PV BOS Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of PV BOS Equipment market by product type, application, key players and key regions and countries.

Segmentation by Type:
Inverter
PV Mounting
PV Cable
Others

Segmentation by Application:
Residential
Commercial
Ground Station

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 analyzing the company's coverage, product portfolio, its market penetration.
Huawei
Sungrow Power
SMA
Power Electronics
FIMER
SiNENG
GoodWe
SolarEdge Technologies
Ingeteam
TBEA
KSTAR
Growatt
Siemens (KACO)
Delta Energy Systems
GinLong
Fronius
Schneider Electric
SOFARSOLAR
Darfon Electronics
Powerone Micro System
Nextracker
Arctech Solar Holding
Array Technologies
Soltec
PV Hardware
GameChange Solar
Ideematec
JiangSu Zhenjiang NewEnergy Equipment
Tianjin Renhui New Energy Technology
Solar Steel
STI Norland
ArcelorMittal (Exosun)
Maibeite (Xiamen) New Energy
Staubli
CHINT
Amphenol Industrial
Shanghai Shenhua Cable
Far East Cable
Amercable Incorporated

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