Solar Inverter Market By Type (Central Inverter, Micro-Inverter, String Inverter) By Capacity (Below 1 Kw, 1kw-3 Kw, 3kw-15kw, 15 Kw-50kw, 50 Kw-100 Kw, Above 100 Kw) By Application (Commercial & Industrial, Residential, Utilities) By Region - Global Forecast to 2030
The Solar Inverter market is anticipated to grow from USD 12,729.5 million in 2025 to USD 23,661.6 million by 2030 with a CAGR of 13.20% during 2025-2030. The solar inverter industry encompasses the production and sale of equipment for transforming direct current (DC) provided by solar panels into alternating current (AC) for powering homes, companies, and industrial estates. Solar inverters serve as a decisive factor in solar energy systems, providing the potential for integrating the solar power within the electrical supply system or in isolation. They ensure effective conversion of power, system monitoring, as well as defense against disturbances on the grid. The market is crucial in numerous industries such as residential, utility-scale, and commercial solar installations. The increased use of renewable energy sources, particularly solar energy, is the major factor behind the solar inverter market. The contributing factors to the growth are government support for clean energy, decreasing prices of solar technology, growing environmental sustainability awareness, and inverter technology improvements such as smart inverters. Moreover, the increasing energy requirements of emerging markets and the need for distributed power generation also drive the demand for high-efficiency and dependable solar inverters.
Based on the type segment, the Solar Inverter market has been categorized as central inverter, micro-inverter, and string inverter. Central inverters are large units that find application in utility-scale solar power plants. They are efficient and cost-effective when it comes to handling high power from large installations and find application mostly for grid-connected power plants and solar farms. Micro-inverters are small units placed on single solar panels to maximize output from every panel individually. These are particularly useful in small commercial and residential applications where panel direction or shading can be adjusted. They provide simpler monitoring and maintenance. String inverters are typically found in medium-scale commercial and industrial setups with an array of solar panels connected to one inverter. They provide an optimal balance between cost, scalability, and performance. These inverters are employed in rooftop applications for commercial buildings, office buildings, and schools. Combined, the three inverters enable a broad array of solar applications in residential, commercial, and utility areas, serving various energy needs and system designs.
In capacity segment, the Solar Inverter market has been segmented as below 1 kW, 1-3 kW, 3 -15 kW, 15-50 kW, 50 -100 kW, above 100 kW. Below 1 kW inverters are usually employed in small residential installations in rural or off-grid locations, where the power demand is low. 1–3 kW inverters are suited for typical household demands, offering adequate capacity for driving simple appliances in urban residential homes. 3–15 kW systems are suitable for larger residences and small commercial premises providing more energy support and backup. 15-50 kW inverters are applied to medium-sized commercial establishments, including office buildings, schools or colleges, and small manufacturing plants, providing increased reliability to handle higher loads. 50-100 kW inverters are ideal for large commercial buildings, warehouses, and small industrial activities, providing a stable power supply and better energy management. Above 100 kW inverters are utilized mostly in solar farms of utility scale and heavy industry plants, where high output of energy and solid system performance are of great importance. Segmentation in this manner enables custom energy solutions as a function of end-use industry's specific power requirements.
A few of the players operating in the Solar Inverter market include Huawei Technologies Co., Ltd. (China), Sungrow (China), Schneider Electric (France), Delta Electronics (Taiwan), SMA Solar Technology (Germany), and among others.
Key Questions Addressed by the Report
Frequently Asked Questions (FAQs)
- What is the current size of the Solar Inverter Market?
- What trends could be witnessed over the next five to ten years?
- What are the major drivers for the Solar Inverter Market?
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- What will be the revenue pockets for the Solar Inverter Market in the next five years?
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1. INTRODUCTION
1.1. OBJECTIVE OF THE STUDY
1.2. MARKET DEFINITION
1.3. INCLUSIONS AND EXCLUSIONS
1.4. MARKET SCOPE
1.4.1. MARKET SEGMENTATION
1.4.2. REGIONAL SCOPE
1.5. YEARS CONSIDERED
1.6. CURRENCY
1.7. LIMITATIONS
1.8. STAKEHOLDERS
1.9. SUMMARY OF CHANGES
2. RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.2. MARKET BREAKDOWN AND DATA TRIANGULATION
2.2.1. SECONDARY DATA
2.2.1.1. KEY DATA FROM SECONDARY SOURCES
2.2.2. PRIMARY DATA
2.2.2.1. KEY DATA FROM PRIMARY SOURCES
2.2.2.2. BREAKDOWN OF PRIMARY INTERVIEWS
2.3. MARKET SIZE ESTIMATION
2.3.1. BOTTOM-UP APPROACH
2.3.2. TOP-DOWN APPROACH
2.3.3. DEMAND SIDE ANALYSIS
2.3.3.1. ASSUMPTIONS FOR DEMAND SIDE ANALYSIS
2.3.3.2. DEMAND SIDE CALCULATION
2.3.4. SUPPLY-SIDE ANALYSIS
2.3.4.1. ASSUMPTIONS FOR SUPPLY SIDE ANALYSIS
2.3.4.2. SUPPLY-SIDE CALCULATION
2.4. FORECAST
2.4.1. RESEARCH ASSUMPTIONS
2.4.2. LIMITATIONS OF RESEARCH
2.4.3. RISK ASSESSMENT
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
5. MARKET OVERVIEW
5.1. INTRODUCTION
5.2. MARKET DYNAMICS
5.2.1. DRIVERS
5.2.2. RESTRAINTS
5.2.3. OPPORTUNITIES
5.2.4. CHALLENGES
5.3. TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
5.4. SUPPLY/VALUE CHAIN ANALYSIS
5.5. ECOSYSTEM ANALYSIS
5.6. CASE STUDY ANALYSIS
5.7. TECHNOLOGIES
5.8. KEY CONFERENCES & EVENETS IN 2025–2026
5.9. PRICING ANALYSIS
5.10. PORTER’S FIVE FORCES ANALYSIS
5.11. KEY STAKEHOLDERS AND BUYING CRITERIA
5.11.1. KEY STAKEHOLDERS IN BUYING PROCESS
5.11.2. BUYING CRITERIA
6. SOLAR INVERTER MARKET, BY TYPE
(Value (USD Million) –2021, 2022, 2023,2024, 2025-e, 2030-f)
6.1. INTRODUCTION
6.2. CENTRAL INVERTER
6.3. MICRO-INVERTER
6.4. STRING INVERTER
7. SOLAR INVERTER MARKET, BY CAPACITY
(Value (USD Million) – 2021, 2022, 2023, 2024, 2025-e, 2030-f)
7.1. INTRODUCTION
7.2. BELOW 1 KW
7.3. 1KW-3KW
7.4. 3KW-15KW
7.5. 15 KW-50KW
7.6. 50 KW-100 KW
7.7. ABOVE 100 KW
8. SOLAR INVERTER MARKET, BY APPLICATION
(Value (USD Million) – 2021, 2022, 2023, 2024, 2025-e, 2030-f)
8.1. INTRODUCTION
8.2. COMMERCIAL & INDUSTRIAL
8.3. RESIDENTIAL
8.4. UTILITIES
9. SOLAR INVERTER MARKET, BY REGION
(Value (USD Million), Volume (Thousand Units) – 2021, 2022, 2023, 2024, 2025-e, 2030-f)
9.1. INTRODUCTION
9.2. NORTH AMERICA
9.2.1. BY TYPE
9.2.2. BY CAPACITY
9.2.3. BY APPLICATION
9.2.4. BY COUNTRY
9.2.4.1. US
9.2.4.1.1. BY TYPE
9.2.4.2. CANADA
9.2.4.3. MEXICO
9.3. EUROPE
9.3.1. BY TYPE
9.3.2. BY CAPACITY
9.3.3. BY APPLICATION
9.3.4. BY COUNTRY
9.3.4.1. GERMANY
9.3.4.1.1. BY TYPE
9.3.4.2. UK
9.3.4.3. FRANCE
9.3.4.4. ITALY
9.3.4.5. REST OF EUROPE
9.4. ASIA PACIFIC
9.4.1. BY TYPE
9.4.2. BY CAPACITY
9.4.3. BY APPLICATION
9.4.4. BY COUNTRY
9.4.4.1. CHINA
9.4.4.1.1. BY TYPE
9.4.4.2. INDIA
9.4.4.3. JAPAN
9.4.4.4. VIETNAM
9.4.4.5. THAILAND
9.4.4.6. PAKISTAN
9.4.4.7. REST OF ASIA PACIFIC
9.5. MIDDLE EAST & AFRICA
9.5.1. BY TYPE
9.5.2. BY CAPACITY
9.5.3. BY APPLICATION
9.5.4. BY COUNTRY
9.5.4.1. GCC
9.5.4.1.1. BY TYPE
9.5.4.1.2. SAUDI ARABIA
9.5.4.1.3. UAE
9.5.4.1.4. REST OF GCC
9.5.4.2. SOUTH AFRICA
9.5.4.3. NIGERIA
9.5.4.4. ALGERIA
9.5.4.5. TURKEY
9.5.4.6. IRAN
9.5.4.7. REST OF MIDDLE EAST AND AFRICA
9.6. SOUTH AMERICA
9.6.1. BY BY TYPE
9.6.2. BY CAPACITY
9.6.3. BY APPLICATION
9.6.4. BY COUNTRY
9.6.4.1. BRAZIL
9.6.4.1.1. BY TYPE
9.6.4.2. ARGENTINA
9.6.4.3. REST OF SOUTH AMERICA
10. COMPETITIVE LANDSCAPE
10.1. KEY PLAYER STRATEGIES/RIGHT TO WIN
10.2. MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
10.3. REVENUE ANALYSIS OF TOP 5 PLAYERS, 2019-2023
10.4. COMPETITIVE SCENARIO AND TRENDS
10.5. BRAND/PRODUCT COMPARISON
10.6. COMPANY VALUATION AND FINANCIAL METRICS
10.7. COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
10.7.1. STARS
10.7.2. EMERGING LEADERS
10.7.3. PERVASIVE PLAYERS
10.7.4. PARTICIPANTS
10.7.5. COMPANY FOOTPRINT: KEY PLAYERS, 2024
10.7.5.1. Company Footprint
10.7.5.2. Region Footprint
10.7.5.3. Type Footprint
10.7.5.4. Capacity Footprint
10.7.5.5. Application Footprint
11. COMPANY PROFILES
11.1. HUAWEI
11.1.1. Business Overview
11.1.2. Products Offered
11.1.3. Recent Developments
11.1.4. MnM view
11.1.4.1. Key strategies/right to win
11.1.4.2. Strategic choices made
11.1.4.3. Weaknesses and competitive threats
11.2. FIMER GROUP
11.3. SIEMENS
11.4. SMA SOLAR TECHNOLOGY AG
11.5. DELTA ELECTRONICS
11.6. SCHNEIDER ELECTRIC
11.7. TMEIC
11.8. SUNGROW
11.9. FRONIUS INTERNATIONAL GMBH
11.10. ENPHASE ENERGY
11.11. GROWATT
11.12. SINENG
12. APPENDIX
12.1. INSIGHTS OF INDUSTRY EXPERTS
12.2. DISCUSSION GUIDE
12.3. KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4. CUSTOMIZATION OPTIONS
12.5. RELATED REPORTS
12.6. AUTHOR DETAILS
Growth opportunities and latent adjacency in Solar Inverter Market