Solar (PV) Inverter Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine
The global solar (PV) inverter market is expected to grow at a CAGR of around 6.6% during 2025-2034. This report on global solar (PV) inverter market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global solar (PV) inverter market by segmenting the market based on type, connection type, phase, end user and region. Also, detailed profiles of companies operating in the solar (PV) inverter market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increasing Integration of Renewable Energy Generation
• New Advancements in Technologies
Market Challenges
• High Costs
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Type
• Central Inverter
• String Inverter
• Micro Inverter
Market by Phase
• Single
• Three
Market by Connection Type
• On-grid
• Off-grid
Market by End User
• Residential
• Commercial & Industrial
• Utilities
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Solar (PV) Inverter Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Solar (PV) Inverter Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Solar (PV) Inverter Market by Type
- 5.1. Introduction
- 5.2. Central Inverter
- 5.3. String Inverter
- 5.4. Micro Inverter
- 6. Global Solar (PV) Inverter Market by Phase
- 6.1. Introduction
- 6.2. Single
- 6.3. Three
- 7. Global Solar (PV) Inverter Market by Connection Type
- 7.1. Introduction
- 7.2. On-grid
- 7.3. Off-grid
- 8. Global Solar (PV) Inverter Market by End User
- 8.1. Introduction
- 8.2. Residential
- 8.3. Commercial & Industrial
- 8.4. Utilities
- 9. Global Solar (PV) Inverter Market by Region
- 9.1. Introduction
- 9.2. Europe
- 9.2.1. Germany
- 9.2.2. United Kingdom
- 9.2.3. France
- 9.2.4. Italy
- 9.2.5. Spain
- 9.2.6. Russia
- 9.2.7. Netherlands
- 9.2.8. Rest of the Europe
- 9.3. North America
- 9.3.1. United States
- 9.3.2. Canada
- 9.4. Asia Pacific
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. South Korea
- 9.4.5. Australia
- 9.4.6. Indonesia
- 9.4.7. Rest of the Asia Pacific
- 9.5. Latin America
- 9.5.1. Mexico
- 9.5.2. Brazil
- 9.5.3. Argentina
- 9.5.4. Rest of Latin America
- 9.6. Middle East & Africa
- 9.6.1. Saudi Arabia
- 9.6.2. Turkey
- 9.6.3. Iran
- 9.6.4. United Arab Emirates
- 9.6.5. Rest of Middle East & Africa
- 10. SWOT Analysis
- 11. Porter’s Five Forces
- 12. Market Value Chain Analysis
- 13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Company Profiles
- 13.2.1. Delta Energy Systems Inc.
- 13.2.2. Enphase Energy Inc.
- 13.2.3. FIMER SpA
- 13.2.4. General Electric Company
- 13.2.5. Huawei Technologies Co. Ltd.
- 13.2.6. Mitsubishi Electric Corporation
- 13.2.7. Omron Corporation
- 13.2.8. Schneider Electric SE
- 13.2.9. Siemens AG
- 13.2.10. SMA Solar Technology AG
- 13.2.11. SolarEdge Technologies Inc.
- List of Figures
- Figure 1: Global Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 2: Global Solar (PV) Inverter Market by Type, 2024
- Figure 3: Global Solar (PV) Inverter Market by Phase, 2024
- Figure 4: Global Solar (PV) Inverter Market by Connection Type, 2024
- Figure 5: Global Solar (PV) Inverter Market by End User, 2024
- Figure 6: Global Solar (PV) Inverter Market by Region, 2024
- Figure 7: Global Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 8: Global Solar (PV) Inverter Market by Type (in %), 2024 & 2034
- Figure 9: Global Central Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 10: Global Central Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 11: Global String Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 12: Global String Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 13: Global Micro Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 14: Global Micro Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 15: Global Solar (PV) Inverter Market by Phase (in %), 2024 & 2034
- Figure 16: Global Single Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 17: Global Single Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 18: Global Three Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 19: Global Three Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 20: Global Solar (PV) Inverter Market by Connection Type (in %), 2024 & 2034
- Figure 21: Global On-grid Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 22: Global On-grid Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 23: Global Off-grid Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 24: Global Off-grid Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 25: Global Solar (PV) Inverter Market by End User (in %), 2024 & 2034
- Figure 26: Global Residential Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 27: Global Residential Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 28: Global Commercial & Industrial Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 29: Global Commercial & Industrial Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 30: Global Utilities Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 31: Global Utilities Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 32: Global Solar (PV) Inverter Market by Region (in %), 2024 & 2034
- Figure 33: Europe Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 34: Europe Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 35: Europe Solar (PV) Inverter Market by Country (in %), 2024 & 2034
- Figure 36: Germany Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 37: United Kingdom Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 38: France Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 39: Italy Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 40: Spain Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 41: Russia Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 42: Netherlands Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 43: North America Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 44: North America Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 45: North America Solar (PV) Inverter Market by Country (in %), 2024 & 2034
- Figure 46: United States Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 47: Canada Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 48: Asia Pacific Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 49: Asia Pacific Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 50: Asia Pacific Solar (PV) Inverter Market by Country (in %), 2024 & 2034
- Figure 51: China Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 52: Japan Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 53: India Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 54: South Korea Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 55: Australia Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 56: Indonesia Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 57: Latin America Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 58: Latin America Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 59: Latin America Solar (PV) Inverter Market by Country (in %), 2024 & 2034
- Figure 60: Mexico Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 61: Brazil Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 62: Argentina Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 63: Middle East & Africa Solar (PV) Inverter Market (in US$ Million), 2020-2024
- Figure 64: Middle East & Africa Solar (PV) Inverter Market (in US$ Million), 2025-2034
- Figure 65: Middle East & Africa Solar (PV) Inverter Market by Country (in %), 2024 & 2034
- Figure 66: Saudi Arabia Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 67: Turkey Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 68: Iran Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 69: UAE Solar (PV) Inverter Market (in US$ Million), 2020-2034
- Figure 70: Market Value Chain
- List of Tables
- Table 1: Global Solar (PV) Inverter Market Portraiture
- Table 2: Global Solar (PV) Inverter Market by Type (in US$ Million), 2024 & 2034
- Table 3: Global Solar (PV) Inverter Market by Phase (in US$ Million), 2024 & 2034
- Table 4: Global Solar (PV) Inverter Market by Connection Type (in US$ Million), 2024 & 2034
- Table 5: Global Solar (PV) Inverter Market by End User (in US$ Million), 2024 & 2034
- Table 6: Global Solar (PV) Inverter Market by Region (in US$ Million), 2024 & 2034
- Table 7: Europe Solar (PV) Inverter Market by Country (in US$ Million), 2024 & 2034
- Table 8: North America Solar (PV) Inverter Market by Country (in US$ Million), 2024 & 2034
- Table 9: Asia Pacific Solar (PV) Inverter Market by Country (in US$ Million), 2024 & 2034
- Table 10: Latin America Solar (PV) Inverter Market by Country (in US$ Million), 2024 & 2034
- Table 11: Middle East & Africa Solar (PV) Inverter Market by Country (in US$ Million),
- 2024 & 2034
- Table 12: List of Key Players
Research Assistance
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