The PV inverter market was valued at USD 25.5 billion, USD 29.9 billion, and USD 34.6 billion in 2022, 2023, and 2024, respectively. The string inverter market is expected to grow at a CAGR of 9.8% between 2025 and 2034 due to their cost-effectiveness, scalability, and ease of installation.
A growing number of solar installations in developing nations has also significantly contributed to growth of market in the region. Europe: The PV Inverter Market in Europe holds 10% share in the market and the presence of major players in the region. Figure 1. Global PV Inverter Market Share (%), By Region, 2025
The market size for PV inverter was valued at USD 34.6 billion in 2024 and is projected to reach USD 90 billion by 2034, growing at a CAGR of 9.5% during the forecast period. What was the market share of the three-phase segment in 2024?
The solar PV inverters market is segmented by inverter type, application, and geography. By inverter type, the market is segmented into central inverters, string inverters, and micro-inverters. By application, the market is segmented into residential, commercial and industrial, and utility-scale.
Our solar power systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
The global PV inverter market was valued at USD 34.6 billion in 2024 and is estimated to grow at a CAGR of 9.5% from 2025 to 2034.
Free Quote
The global inverter market size was valued at USD 22.65 billion in 2024 and is projected to reach around USD 98.21 billion by …
Free Quote
The global PV inverter market size was USD 11.51 billion in 2024 & is projected to grow from USD 12.18 billion in 2025 to USD 19.20 billion by 2033.
Free Quote
PRICE INDEX | October 2025 Photovoltaic Price Index Every month we publish a current price index on the development of wholesale prices of solar modules. In doing so, we differentiate …
Free Quote
PV Inverter Market Forecast and Outlook from 2025 to 2035 The PV inverter generators industry is valued at USD 1.7 billion in 2025. As per FMI''s analysis, the PV inverter …
Free Quote
PV Inverter Market size was valued at US$ 15.33 billion by 2025 and is projected to grow fromUS$ 42.54 billion in 2032 with CAGR of 15.7%.
Free Quote
As the demand for renewable energy surges, solar inverter prices in 2025 continue to evolve, influenced by technological …
Free Quote
PV Inverter Market (2024 - 2030) Size, Share & Trends Analysis Report By Product (String PV Inverter, Central PV Inverter), By End-use (Commercial & Industrial, Utilities), By Region, And …
Free Quote
Solar PV Inverter Market Size and Share: The global solar PV inverter market size was valued at USD 8.67 Billion in 2024. Looking forward, …
Free Quote
The Solar Inverter Market Size was valued at USD 14.25 billion in 2024 and is expected to reach USD 20.74 billion by 2032 and grow at a CAGR of 4.8% by 2025-2032.
Free Quote
Solar PV Inverters Market Size & Share Analysis - Growth Trends And Forecast (2025 - 2030) The Solar PV Inverter Market Report is Segmented by Inverter Type (Central …
Free Quote
The solar PV inverter market reached USD 8.87 Billion in 2025 & expected to grow at 5.00% CAGR between 2026 and 2035, to reach USD 14.45 …
Free Quote
PV Inverter Market Size The global PV inverter market size was valued at USD 13.78 billion in 2024 and is projected to reach USD 14.74 billion in 2025, growing further to …
Free Quote
The solar PV inverter market reached USD 8.87 Billion in 2025 & expected to grow at 5.00% CAGR between 2026 and 2035, to reach USD 14.45 Billion by 2035.
Free Quote
The Solar Inverter Market Size was valued at USD 14.25 billion in 2024 and is expected to reach USD 20.74 billion by 2032 and grow at a CAGR of …
Free Quote
PV Inverter Market Forecast and Outlook from 2025 to 2035 The PV inverter generators industry is valued at USD 1.7 billion in 2025. …
Free Quote
PV Inverter Market Size, Share, Growth, and Industry Analysis, By Type (String Inverter, Central Inverter, Microinverters), By Application (Residential, Business, Public …
Free Quote
The global inverter market size was valued at USD 16.3 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 16.0% …
Free Quote
Solar PV Inverters Market Size & Share Analysis - Growth Trends And Forecast (2025 - 2030) The Solar PV Inverter Market Report …
Free Quote
The Photovoltaic (PV) Inverter Market size was valued at USD 14,692.13 million in 2018, increased to USD 25,361.38 million in 2024, and is anticipated to reach USD 54,650.92 million …
Free Quote
The U.S. Department of Energy’s solar office and its national laboratory partners analyze cost data for U.S. solar photovoltaic systems …
Free Quote
The Photovoltaic (PV) Inverter Market size was valued at USD 14,692.13 million in 2018, increased to USD 25,361.38 million in 2024, and is …
Free Quote
The Global PV Inverter Market size is expected to reach $40.5 billion by 2030, rising at a market growth of 18.2% CAGR during the forecast …
Free Quote
Solar PV Inverter Market OutlookSolar PV Inverter Market GrowthKey Trends and DevelopmentsSolar PV Inverter Market TrendsSolar PV Inverter Industry SegmentationSolar PV Inverter Market ShareLeading Manufacturers in The Solar PV Inverter MarketSolar PV Inverter Market Analysis by RegionAsia Pacific is the fastest-growing region, driven by the need for energy independence Asia Pacific is expected to account for the largest solar PV inverter market share, driven by the growing demand for renewable energy and the need for energy independence. The region is home to many developing countries, including China and India, where there is ...See more on expertmarketresearch Grand View Research
PV Inverter Market (2024 - 2030) Size, Share & Trends Analysis Report By Product (String PV Inverter, Central PV Inverter), By End-use …
Free QuoteLatest developments in solar power technology, energy storage advancements, farm power solutions, and industry insights from our team of renewable energy experts.
Contact our technical sales team for solar power systems and energy storage solutions. We provide customized quotations based on your specific project requirements and energy needs.
HAKO TECH Inc. 789 Renewable Energy Park, Industrial Zone, Shanghai 201100 China