The global solar inverter market size is estimated at USD 12.94 billion in 2025 and is predicted to reach around USD 25.81 billion by 2034, accelerating at a CAGR of 7.97% from 2025 to 2034. The Asia Pacific solar inverter market size surpassed USD 5.56 billion in 2025 and is expanding at a CAGR of 8.09% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Nominal Output Voltage Procurement Analysis
4.3.2. Sales and Nominal Power Output Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Solar Inverter Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Solar Inverter Market, by Product Type
8.1.1. Central Inverter
8.1.1.1. Market Revenue and Forecast
8.1.2. String Inverter
8.1.2.1. Market Revenue and Forecast
8.1.3. Micro Inverter
8.1.3.1. Market Revenue and Forecast
8.1.4. Others
8.1.4.1. Market Revenue and Forecast
9.1. Solar Inverter Market, by Connection Type
9.1.1. On-grid
9.1.1.1. Market Revenue and Forecast
9.1.2. Off-grid
9.1.2.1. Market Revenue and Forecast
10.1. Solar Inverter Market, by Phase Type
10.1.1. Single phase
10.1.1.1. Market Revenue and Forecast
10.1.2. Three phase
10.1.2.1. Market Revenue and Forecast
11.1. Solar Inverter Market, by End User Type
11.1.1. Residential
11.1.1.1. Market Revenue and Forecast
11.1.2. Commercial
11.1.2.1. Market Revenue and Forecast
11.1.3. Industrial
11.1.3.1. Market Revenue and Forecast
11.1.4. Utilities
11.1.4.1. Market Revenue and Forecast
12.1. Solar Inverter Market, by Nominal Power Output
12.1.1. ≤ 0.5 kW
12.1.1.1. Market Revenue and Forecast
12.1.2. 3 - 33 kW
12.1.2.1. Market Revenue and Forecast
12.1.3. 0.5 - 3 kW
12.1.3.1. Market Revenue and Forecast
12.1.4. 33 - 110 kW
12.1.4.1. Market Revenue and Forecast
12.1.5. 110 kW
12.1.5.1. Market Revenue and Forecast
13.1. Solar Inverter Market, by Connection Type
13.1.1. ≤ 230 V
13.1.1.1. Market Revenue and Forecast
13.1.2. 230 - 400 V
13.1.2.1. Market Revenue and Forecast
13.1.3. 400 - 600 V
13.1.3.1. Market Revenue and Forecast
13.1.4. 600 V
13.1.4.1. Market Revenue and Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Product
14.1.2. Market Revenue and Forecast, by Connection
14.1.3. Market Revenue and Forecast, by Phase
14.1.4. Market Revenue and Forecast, by End User
14.1.5. Market Revenue and Forecast, by Nominal Power Output
14.1.6. Market Revenue and Forecast, by Nominal Output Voltage
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Product
14.1.7.2. Market Revenue and Forecast, by Connection
14.1.7.3. Market Revenue and Forecast, by Phase
14.1.7.4. Market Revenue and Forecast, by End User
14.1.8. Market Revenue and Forecast, by Nominal Power Output
14.1.8.1. Market Revenue and Forecast, by Nominal Output Voltage
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Product
14.1.9.2. Market Revenue and Forecast, by Connection
14.1.9.3. Market Revenue and Forecast, by Phase
14.1.9.4. Market Revenue and Forecast, by End User
14.1.10. Market Revenue and Forecast, by Nominal Power Output
14.1.11. Market Revenue and Forecast, by Nominal Output Voltage
14.1.11.1.
14.2. Europe
14.2.1. Market Revenue and Forecast, by Product
14.2.2. Market Revenue and Forecast, by Connection
14.2.3. Market Revenue and Forecast, by Phase
14.2.4. Market Revenue and Forecast, by End User
14.2.5. Market Revenue and Forecast, by Nominal Power Output
14.2.6. Market Revenue and Forecast, by Nominal Output Voltage
14.2.7.
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Product
14.2.8.2. Market Revenue and Forecast, by Connection
14.2.8.3. Market Revenue and Forecast, by Phase
14.2.9. Market Revenue and Forecast, by End User
14.2.10. Market Revenue and Forecast, by Nominal Power Output
14.2.10.1. Market Revenue and Forecast, by Nominal Output Voltage
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Product
14.2.11.2. Market Revenue and Forecast, by Connection
14.2.11.3. Market Revenue and Forecast, by Phase
14.2.12. Market Revenue and Forecast, by End User
14.2.13. Market Revenue and Forecast, by Nominal Power Output
14.2.14. Market Revenue and Forecast, by Nominal Output Voltage
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Product
14.2.15.2. Market Revenue and Forecast, by Connection
14.2.15.3. Market Revenue and Forecast, by Phase
14.2.15.4. Market Revenue and Forecast, by End User
14.2.16. Market Revenue and Forecast, by Nominal Power Output
14.2.16.1. Market Revenue and Forecast, by Nominal Output Voltage
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Product
14.2.17.2. Market Revenue and Forecast, by Connection
14.2.17.3. Market Revenue and Forecast, by Phase
14.2.17.4. Market Revenue and Forecast, by End User
14.2.18. Market Revenue and Forecast, by Nominal Power Output
14.2.18.1. Market Revenue and Forecast, by Nominal Output Voltage
14.3. APAC
14.3.1. Market Revenue and Forecast, by Product
14.3.2. Market Revenue and Forecast, by Connection
14.3.3. Market Revenue and Forecast, by Phase
14.3.4. Market Revenue and Forecast, by End User
14.3.5. Market Revenue and Forecast, by Nominal Power Output
14.3.6. Market Revenue and Forecast, by Nominal Output Voltage
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Product
14.3.7.2. Market Revenue and Forecast, by Connection
14.3.7.3. Market Revenue and Forecast, by Phase
14.3.7.4. Market Revenue and Forecast, by End User
14.3.8. Market Revenue and Forecast, by Nominal Power Output
14.3.9. Market Revenue and Forecast, by Nominal Output Voltage
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Product
14.3.10.2. Market Revenue and Forecast, by Connection
14.3.10.3. Market Revenue and Forecast, by Phase
14.3.10.4. Market Revenue and Forecast, by End User
14.3.11. Market Revenue and Forecast, by Nominal Power Output
14.3.11.1. Market Revenue and Forecast, by Nominal Output Voltage
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Product
14.3.12.2. Market Revenue and Forecast, by Connection
14.3.12.3. Market Revenue and Forecast, by Phase
14.3.12.4. Market Revenue and Forecast, by End User
14.3.12.5. Market Revenue and Forecast, by Nominal Power Output
14.3.12.6. Market Revenue and Forecast, by Nominal Output Voltage
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Product
14.3.13.2. Market Revenue and Forecast, by Connection
14.3.13.3. Market Revenue and Forecast, by Phase
14.3.13.4. Market Revenue and Forecast, by End User
14.3.13.5. Market Revenue and Forecast, by Nominal Power Output
14.3.13.6. Market Revenue and Forecast, by Nominal Output Voltage
14.4. MEA
14.4.1. Market Revenue and Forecast, by Product
14.4.2. Market Revenue and Forecast, by Connection
14.4.3. Market Revenue and Forecast, by Phase
14.4.4. Market Revenue and Forecast, by End User
14.4.5. Market Revenue and Forecast, by Nominal Power Output
14.4.6. Market Revenue and Forecast, by Nominal Output Voltage
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Product
14.4.7.2. Market Revenue and Forecast, by Connection
14.4.7.3. Market Revenue and Forecast, by Phase
14.4.7.4. Market Revenue and Forecast, by End User
14.4.8. Market Revenue and Forecast, by Nominal Power Output
14.4.9. Market Revenue and Forecast, by Nominal Output Voltage
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Product
14.4.10.2. Market Revenue and Forecast, by Connection
14.4.10.3. Market Revenue and Forecast, by Phase
14.4.10.4. Market Revenue and Forecast, by End User
14.4.11. Market Revenue and Forecast, by Nominal Power Output
14.4.12. Market Revenue and Forecast, by Nominal Output Voltage
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Product
14.4.13.2. Market Revenue and Forecast, by Connection
14.4.13.3. Market Revenue and Forecast, by Phase
14.4.13.4. Market Revenue and Forecast, by End User
14.4.13.5. Market Revenue and Forecast, by Nominal Power Output
14.4.13.6. Market Revenue and Forecast, by Nominal Output Voltage
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Product
14.4.14.2. Market Revenue and Forecast, by Connection
14.4.14.3. Market Revenue and Forecast, by Phase
14.4.14.4. Market Revenue and Forecast, by End User
14.4.14.5. Market Revenue and Forecast, by Nominal Power Output
14.4.14.6. Market Revenue and Forecast, by Nominal Output Voltage
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Product
14.5.2. Market Revenue and Forecast, by Connection
14.5.3. Market Revenue and Forecast, by Phase
14.5.4. Market Revenue and Forecast, by End User
14.5.5. Market Revenue and Forecast, by Nominal Power Output
14.5.6. Market Revenue and Forecast, by Nominal Output Voltage
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Product
14.5.7.2. Market Revenue and Forecast, by Connection
14.5.7.3. Market Revenue and Forecast, by Phase
14.5.7.4. Market Revenue and Forecast, by End User
14.5.8. Market Revenue and Forecast, by Nominal Power Output
14.5.8.1. Market Revenue and Forecast, by Nominal Output Voltage
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Product
14.5.9.2. Market Revenue and Forecast, by Connection
14.5.9.3. Market Revenue and Forecast, by Phase
14.5.9.4. Market Revenue and Forecast, by End User
14.5.9.5. Market Revenue and Forecast, by Nominal Power Output
14.5.9.6. Market Revenue and Forecast, by Nominal Output Voltage
15.1. Omron Corporation
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. ABB Ltd
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Mitsubishi Electric Corporation
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Siemens AG
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Schneider Electric SE
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. SMA Solar Technology AG
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Delta Electronics Inc.
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. SunPower
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Hitachi Hi-Rel Power Electronics Pvt. Ltd
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. Power Electronics S.L.
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
17.1. About Us
17.2. Glossary of Terms
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