Solar Inverter Market Size, Growth, Demands Outlook and Forecasts to 2030

According to the research report, the global solar inverter market size is expected to touch USD 16.88 Billion by 2030, from USD 8.78 Billion in 2022, growing with a significant CAGR of 8.5% from 2022 to 2030. 

The solar inverter report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global solar inverter in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global solar inverter market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global solar inverter during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

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 Report Scope of the Solar Inverter Market

Report Coverage	Details
Market Size by 2030	USD 16.88 Billion
Growth Rate from 2022 to 2030	CAGR of 8.5%
Asia-Pacific Market Share in 2021	43%
Utilities Market Share in 2021	44%
Base Year	2021
Forecast Period	2022 to 2030
Segments Covered	Product, Connection, Phase, End User, Nominal Power Output, Nominal Output Voltage, Geography

This study covers a detailed segmentation of the global solar inverter market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global solar inverter market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Players

• Omron Corporation
• ABB Ltd
• Mitsubishi Electric Corporation
• Siemens AG
• Schneider Electric SE
• SMA Solar Technology AG
• Delta Electronics Inc.
• SunPower
• Hitachi Hi-Rel Power Electronics Pvt. Ltd
• Power Electronics S.L.

Market Segmentation

 By Product Type

• Central Inverter
• String Inverter
• Micro Inverter
• Others

By Connection

• On-grid
• Off-grid

By Phase

• Single phase
• Three phase

By End User

• Residential
• Commercial
• Industrial
• Utilities

By Nominal Power Output

• ≤ 0.5 kW
• 0.5 - 3 kW
• 3 - 33 kW
• 33 - 110 kW
• 110 kW

By Nominal Output Voltage

• ≤ 230 V
• 230 - 400 V
• 400 - 600 V
• 600 V

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC
• North Africa
• South Africa
• Rest of the Middle East & Africa

Research Methodology

The research methodology adopted by analysts for compiling the global solar inverter report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global solar inverter market.

TABLE OF CONTENT

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. Nominal Output Voltage Procurement Analysis 

4.3.2. Sales and Nominal Power Output Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Solar Inverter Market 

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

Chapter 6. Market Dynamics Analysis and Trends

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 Solar Inverter Market, By Product Type

8.1. Solar Inverter Market, by Product Type, 2022-2030

8.1.1. Central Inverter

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. String Inverter

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Micro Inverter

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Solar Inverter Market, By Connection Type

9.1. Solar Inverter Market, by Connection Type, 2022-2030

9.1.1. On-grid

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Off-grid

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Solar Inverter Market, By Phase Type 

10.1. Solar Inverter Market, by Phase Type, 2022-2030

10.1.1. Single phase

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Three phase

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Solar Inverter Market, By End User Type

11.1. Solar Inverter Market, by End User Type, 2022-2030

11.1.1. Residential

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Commercial

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Industrial

11.1.3.1. Market Revenue and Forecast (2017-2030)

11.1.4. Utilities

11.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Solar Inverter Market, By Nominal Power Output

12.1. Solar Inverter Market, by Nominal Power Output, 2022-2030

12.1.1. ≤ 0.5 kW

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. 3 - 33 kW

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. 0.5 - 3 kW

12.1.3.1. Market Revenue and Forecast (2017-2030)

12.1.4. 33 - 110 kW

12.1.4.1. Market Revenue and Forecast (2017-2030)

12.1.5. 110 kW

12.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Solar Inverter Market, By Nominal Output Voltage

13.1. Solar Inverter Market, by Connection Type, 2022-2030

13.1.1. ≤ 230 V

13.1.1.1. Market Revenue and Forecast (2017-2030)

13.1.2. 230 - 400 V

13.1.2.1. Market Revenue and Forecast (2017-2030)

13.1.3. 400 - 600 V

13.1.3.1. Market Revenue and Forecast (2017-2030)

13.1.4. 600 V

13.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 14. Global Solar Inverter  Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Product (2017-2030)

14.1.2. Market Revenue and Forecast, by Connection (2017-2030)

14.1.3. Market Revenue and Forecast, by Phase (2017-2030)

14.1.4. Market Revenue and Forecast, by End User (2017-2030)

14.1.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.1.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.1.7.2. Market Revenue and Forecast, by Connection (2017-2030)

14.1.7.3. Market Revenue and Forecast, by Phase (2017-2030)

14.1.7.4. Market Revenue and Forecast, by End User (2017-2030)

14.1.8. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.1.8.1. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030) 

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Product (2017-2030)

14.1.9.2. Market Revenue and Forecast, by Connection (2017-2030)

14.1.9.3. Market Revenue and Forecast, by Phase (2017-2030)

14.1.9.4. Market Revenue and Forecast, by End User (2017-2030)

14.1.10. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.1.11. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.2. Market Revenue and Forecast, by Connection (2017-2030)

14.2.3. Market Revenue and Forecast, by Phase (2017-2030)

14.2.4. Market Revenue and Forecast, by End User (2017-2030) 

14.2.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.2.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.8.2. Market Revenue and Forecast, by Connection (2017-2030)

14.2.8.3. Market Revenue and Forecast, by Phase (2017-2030)

14.2.9. Market Revenue and Forecast, by End User (2017-2030) 

14.2.10. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.2.10.1. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030) 

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.11.2. Market Revenue and Forecast, by Connection (2017-2030)

14.2.11.3. Market Revenue and Forecast, by Phase (2017-2030)

14.2.12. Market Revenue and Forecast, by End User (2017-2030)

14.2.13. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.2.14. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.15.2. Market Revenue and Forecast, by Connection (2017-2030)

14.2.15.3. Market Revenue and Forecast, by Phase (2017-2030)

14.2.15.4. Market Revenue and Forecast, by End User (2017-2030)

14.2.16. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.2.16.1. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.17.2. Market Revenue and Forecast, by Connection (2017-2030)

14.2.17.3. Market Revenue and Forecast, by Phase (2017-2030)

14.2.17.4. Market Revenue and Forecast, by End User (2017-2030)

14.2.18. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.2.18.1. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.2. Market Revenue and Forecast, by Connection (2017-2030)

14.3.3. Market Revenue and Forecast, by Phase (2017-2030)

14.3.4. Market Revenue and Forecast, by End User (2017-2030)

14.3.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.3.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.7.2. Market Revenue and Forecast, by Connection (2017-2030)

14.3.7.3. Market Revenue and Forecast, by Phase (2017-2030)

14.3.7.4. Market Revenue and Forecast, by End User (2017-2030)

14.3.8. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.3.9. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.10.2. Market Revenue and Forecast, by Connection (2017-2030)

14.3.10.3. Market Revenue and Forecast, by Phase (2017-2030)

14.3.10.4. Market Revenue and Forecast, by End User (2017-2030)

14.3.11. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.3.11.1. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.12.2. Market Revenue and Forecast, by Connection (2017-2030)

14.3.12.3. Market Revenue and Forecast, by Phase (2017-2030)

14.3.12.4. Market Revenue and Forecast, by End User (2017-2030)

14.3.12.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.3.12.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.13.2. Market Revenue and Forecast, by Connection (2017-2030)

14.3.13.3. Market Revenue and Forecast, by Phase (2017-2030)

14.3.13.4. Market Revenue and Forecast, by End User (2017-2030)

14.3.13.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.3.13.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.2. Market Revenue and Forecast, by Connection (2017-2030)

14.4.3. Market Revenue and Forecast, by Phase (2017-2030)

14.4.4. Market Revenue and Forecast, by End User (2017-2030)

14.4.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.4.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.7.2. Market Revenue and Forecast, by Connection (2017-2030)

14.4.7.3. Market Revenue and Forecast, by Phase (2017-2030)

14.4.7.4. Market Revenue and Forecast, by End User (2017-2030)

14.4.8. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.4.9. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.10.2. Market Revenue and Forecast, by Connection (2017-2030)

14.4.10.3. Market Revenue and Forecast, by Phase (2017-2030)

14.4.10.4. Market Revenue and Forecast, by End User (2017-2030)

14.4.11. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.4.12. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.13.2. Market Revenue and Forecast, by Connection (2017-2030)

14.4.13.3. Market Revenue and Forecast, by Phase (2017-2030)

14.4.13.4. Market Revenue and Forecast, by End User (2017-2030)

14.4.13.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.4.13.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.14.2. Market Revenue and Forecast, by Connection (2017-2030)

14.4.14.3. Market Revenue and Forecast, by Phase (2017-2030)

14.4.14.4. Market Revenue and Forecast, by End User (2017-2030)

14.4.14.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.4.14.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Product (2017-2030)

14.5.2. Market Revenue and Forecast, by Connection (2017-2030)

14.5.3. Market Revenue and Forecast, by Phase (2017-2030)

14.5.4. Market Revenue and Forecast, by End User (2017-2030)

14.5.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.5.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.5.7.2. Market Revenue and Forecast, by Connection (2017-2030)

14.5.7.3. Market Revenue and Forecast, by Phase (2017-2030)

14.5.7.4. Market Revenue and Forecast, by End User (2017-2030)

14.5.8. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.5.8.1. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Product (2017-2030)

14.5.9.2. Market Revenue and Forecast, by Connection (2017-2030)

14.5.9.3. Market Revenue and Forecast, by Phase (2017-2030)

14.5.9.4. Market Revenue and Forecast, by End User (2017-2030)

14.5.9.5. Market Revenue and Forecast, by Nominal Power Output (2017-2030)

14.5.9.6. Market Revenue and Forecast, by Nominal Output Voltage (2017-2030)

Chapter 15. Company Profiles

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

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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