Utility Scale PV Inverter Market Size, Share, and Trends 2024 to 2034

The global utility scale PV inverter market size is accounted at USD 14.29 billion in 2025 and is forecasted to hit around USD 25.46 billion by 2034, representing a CAGR of 6.63% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 5499
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Utility Scale PV Inverter Market 

5.1. COVID-19 Landscape: Utility Scale PV 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

Chapter 7. Competitive Landscape

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

Chapter 8. Global Utility Scale PV Inverter Market, By Product

8.1. Utility Scale PV Inverter Market Revenue and Volume, By Product

8.1.1 Central

8.1.1.1. Market Revenue and Volume Forecast 

8.1.2. String

8.1.2.1. Market Revenue and Volume Forecast 

Chapter 9. Global Utility Scale PV Inverter Market, By Voltage

9.1. Utility Scale PV Inverter Market Revenue and Volume, By Voltage

9.1.1. 1500 V

9.1.1.1. Market Revenue and Volume Forecast 

9.1.2. ≥ 1500 V

9.1.2.1. Market Revenue and Volume Forecast 

Chapter 10. Global Utility Scale PV Inverter Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Product 

10.1.2. Market Revenue and Volume Forecast, By Voltage 

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Product 

10.1.3.2. Market Revenue and Volume Forecast, By Voltage 

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Product 

10.1.4.2. Market Revenue and Volume Forecast, By Voltage 

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Product 

10.2.2. Market Revenue and Volume Forecast, By Voltage 

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Product 

10.2.3.2. Market Revenue and Volume Forecast, By Voltage 

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Product 

10.2.4.2. Market Revenue and Volume Forecast, By Voltage 

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Product 

10.2.5.2. Market Revenue and Volume Forecast, By Voltage 

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Product 

10.2.6.2. Market Revenue and Volume Forecast, By Voltage 

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Product 

10.3.2. Market Revenue and Volume Forecast, By Voltage 

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Product 

10.3.3.2. Market Revenue and Volume Forecast, By Voltage 

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Product 

10.3.4.2. Market Revenue and Volume Forecast, By Voltage 

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Product 

10.3.5.2. Market Revenue and Volume Forecast, By Voltage 

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Product 

10.3.6.2. Market Revenue and Volume Forecast, By Voltage 

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Product 

10.4.2. Market Revenue and Volume Forecast, By Voltage 

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Product 

10.4.3.2. Market Revenue and Volume Forecast, By Voltage 

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Product 

10.4.4.2. Market Revenue and Volume Forecast, By Voltage 

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Product 

10.4.5.2. Market Revenue and Volume Forecast, By Voltage 

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Product 

10.4.6.2. Market Revenue and Volume Forecast, By Voltage 

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Product 

10.5.2. Market Revenue and Volume Forecast, By Voltage 

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Product 

10.5.3.2. Market Revenue and Volume Forecast, By Voltage 

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Product 

10.5.4.2. Market Revenue and Volume Forecast, By Voltage 

Chapter 11. Company Profiles

11.1. Canadian Solar

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Delta Electronics

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Eaton

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Fimer Group

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. GoodWe

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. GE Vernova

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Huawei Technologies

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Sungrow Power Supply

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Sofar Solar

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Solis Inverters

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global utility scale PV inverter market size is expected to grow from USD 13.40 billion in 2024 to USD 25.46 billion by 2034.

The utility scale PV inverter market is anticipated to grow at a CAGR of 6.63% between 2025 and 2034.

The major players operating in the utility scale PV inverter market are Canadian Solar, Delta Electronics, Eaton, Fimer Group, GoodWe, GE Vernova, Huawei Technologies, Sungrow Power Supply, Sofar Solar, Solis Inverters, Solplanet, Sineng Electric, SolarEdge Technologies, and Others.

The driving factors of the utility scale PV inverter market are the Increasing global efforts to transition towards renewable energy sources are anticipated to drive the demand for products in the utility scale PV inverter market.

Asia Pacific region will lead the global utility scale PV inverter market during the forecast period 2025 to 2034.

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