Global Inverter- Market

Inverter- Comprehensive Study by Type (Solar Inverter, String Inverters, Vehicle Inverter, Others), Connection Type (Grid-Tied, Off-grid, Others), Output Power Rating (Below 10 kW, 10–50 kW, 51–100 kW, Above 100 kW), End User (Residential, Commercial, Industrial)

Inverter- Market by XX Submarkets | Forecast Years 2025-2032  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Inverter- Market Scope
The inverter market is experiencing significant growth, driven by the increasing adoption of renewable energy, advancements in power electronics, and rising energy efficiency concerns. Inverters play a crucial role in converting direct current (DC) from solar panels, batteries, or other sources into alternating current (AC) for residential, commercial, and industrial applications. The global push for sustainable energy solutions, particularly solar and wind power integration, has fueled demand for high-efficiency inverters. Technological advancements, such as smart inverters with IoT capabilities, have enhanced monitoring, grid stability, and energy optimization. Additionally, the rise of electric vehicles (EVs) has further propelled the need for inverters in charging infrastructure. However, challenges such as high initial investment costs, grid compatibility issues, and stringent regulatory standards pose constraints to market expansion. Key opportunities lie in the development of hybrid inverters, off-grid solutions, and the integration of artificial intelligence (AI) for predictive maintenance. The Asia-Pacific region, particularly China and India, dominates the inverter market due to rapid urbanization, government incentives, and a surge in solar installations. With increasing demand for reliable and energy-efficient power solutions, the inverter industry is set to witness continuous innovation and expansion in the coming years.

AttributesDetails
Study Period2020-2032
Base Year2024
UnitValue (USD Million)
Key Companies ProfiledSMA Solar Technology AG (Germany), Huawei Technologies Co., Ltd. (China), Sungrow Power Supply Co., Ltd. (China), Fronius International GmbH (Austria), Enphase Energy, Inc. (United States), SolarEdge Technologies Inc. (Israel), GoodWe Power Supply Technology Co., Ltd. (China), Growatt New Energy Technology Co., Ltd. (China), Ginlong Technologies (Solis) (China) and Delta Electronics, Inc. (Taiwan)
CAGR%


The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Research Analyst at AMA estimates that Global Manufacturers will contribute to the maximum growth of Global Inverter- market throughout the predicted period.

SMA Solar Technology AG (Germany), Huawei Technologies Co., Ltd. (China), Sungrow Power Supply Co., Ltd. (China), Fronius International GmbH (Austria), Enphase Energy, Inc. (United States), SolarEdge Technologies Inc. (Israel), GoodWe Power Supply Technology Co., Ltd. (China), Growatt New Energy Technology Co., Ltd. (China), Ginlong Technologies (Solis) (China) and Delta Electronics, Inc. (Taiwan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Schneider Electric SE (France), ABB Ltd. (Switzerland), TMEIC Corporation (United States), Ingeteam S.A. (Spain) and Luminous Power Technologies Pvt. Ltd. (India).

About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.

Segmentation Overview
The study have segmented the market of Global Inverter- market by Type and Region with country level break-up.

On the basis of geography, the market of Inverter- has been segmented into . region held largest market share in the year 2024.



Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others

Report Objectives / Segmentation Covered

By Type
  • Solar Inverter
  • String Inverters
  • Vehicle Inverter
  • Others
By Connection Type
  • Grid-Tied
  • Off-grid
  • Others

By Output Power Rating
  • Below 10 kW
  • 10–50 kW
  • 51–100 kW
  • Above 100 kW

By End User
  • Residential
  • Commercial
  • Industrial

By Regions
    • 1. Market Overview
      • 1.1. Introduction
      • 1.2. Scope/Objective of the Study
        • 1.2.1. Research Objective
    • 2. Executive Summary
      • 2.1. Introduction
    • 3. Market Factor Analysis
      • 3.1. Porters Five Forces
      • 3.2. Supply/Value Chain
      • 3.3. PESTEL analysis
      • 3.4. Market Entropy
      • 3.5. Patent/Trademark Analysis
    • 4. Global Inverter-, by Type, Connection Type, Output Power Rating and End User (value) (2019-2024)
      • 4.1. Introduction
      • 4.2. Global Inverter- (Value)
        • 4.2.1. Global Inverter- by: Type (Value)
          • 4.2.1.1. Solar Inverter
          • 4.2.1.2. String Inverters
          • 4.2.1.3. Vehicle Inverter
          • 4.2.1.4. Others
        • 4.2.2. Global Inverter- by: Connection Type (Value)
          • 4.2.2.1. Grid-Tied
          • 4.2.2.2. Off-grid
          • 4.2.2.3. Others
        • 4.2.3. Global Inverter- by: Output Power Rating (Value)
          • 4.2.3.1. Below 10 kW
          • 4.2.3.2. 10–50 kW
          • 4.2.3.3. 51–100 kW
          • 4.2.3.4. Above 100 kW
        • 4.2.4. Global Inverter- by: End User (Value)
          • 4.2.4.1. Residential
          • 4.2.4.2. Commercial
          • 4.2.4.3. Industrial
    • 5. Inverter-: Manufacturers/Players Analysis
      • 5.1. Competitive Landscape
        • 5.1.1. Market Share Analysis
          • 5.1.1.1. Top 3
          • 5.1.1.2. Top 5
      • 5.2. Peer Group Analysis (2024)
      • 5.3. BCG Matrix
      • 5.4. Company Profile
        • 5.4.1. SMA Solar Technology AG (Germany)
          • 5.4.1.1. Business Overview
          • 5.4.1.2. Products/Services Offerings
          • 5.4.1.3. Financial Analysis
          • 5.4.1.4. SWOT Analysis
        • 5.4.2. Huawei Technologies Co., Ltd. (China)
          • 5.4.2.1. Business Overview
          • 5.4.2.2. Products/Services Offerings
          • 5.4.2.3. Financial Analysis
          • 5.4.2.4. SWOT Analysis
        • 5.4.3. Sungrow Power Supply Co., Ltd. (China)
          • 5.4.3.1. Business Overview
          • 5.4.3.2. Products/Services Offerings
          • 5.4.3.3. Financial Analysis
          • 5.4.3.4. SWOT Analysis
        • 5.4.4. Fronius International GmbH (Austria)
          • 5.4.4.1. Business Overview
          • 5.4.4.2. Products/Services Offerings
          • 5.4.4.3. Financial Analysis
          • 5.4.4.4. SWOT Analysis
        • 5.4.5. Enphase Energy, Inc. (United States)
          • 5.4.5.1. Business Overview
          • 5.4.5.2. Products/Services Offerings
          • 5.4.5.3. Financial Analysis
          • 5.4.5.4. SWOT Analysis
        • 5.4.6. SolarEdge Technologies Inc. (Israel)
          • 5.4.6.1. Business Overview
          • 5.4.6.2. Products/Services Offerings
          • 5.4.6.3. Financial Analysis
          • 5.4.6.4. SWOT Analysis
        • 5.4.7. GoodWe Power Supply Technology Co., Ltd. (China)
          • 5.4.7.1. Business Overview
          • 5.4.7.2. Products/Services Offerings
          • 5.4.7.3. Financial Analysis
          • 5.4.7.4. SWOT Analysis
        • 5.4.8. Growatt New Energy Technology Co., Ltd. (China)
          • 5.4.8.1. Business Overview
          • 5.4.8.2. Products/Services Offerings
          • 5.4.8.3. Financial Analysis
          • 5.4.8.4. SWOT Analysis
        • 5.4.9. Ginlong Technologies (Solis) (China)
          • 5.4.9.1. Business Overview
          • 5.4.9.2. Products/Services Offerings
          • 5.4.9.3. Financial Analysis
          • 5.4.9.4. SWOT Analysis
        • 5.4.10. Delta Electronics, Inc. (Taiwan)
          • 5.4.10.1. Business Overview
          • 5.4.10.2. Products/Services Offerings
          • 5.4.10.3. Financial Analysis
          • 5.4.10.4. SWOT Analysis
    • 6. Global Inverter- Sale, by Type, Connection Type, Output Power Rating and End User (value) (2027-2032)
      • 6.1. Introduction
      • 6.2. Global Inverter- (Value)
        • 6.2.1. Global Inverter- by: Type (Value)
          • 6.2.1.1. Solar Inverter
          • 6.2.1.2. String Inverters
          • 6.2.1.3. Vehicle Inverter
          • 6.2.1.4. Others
        • 6.2.2. Global Inverter- by: Connection Type (Value)
          • 6.2.2.1. Grid-Tied
          • 6.2.2.2. Off-grid
          • 6.2.2.3. Others
        • 6.2.3. Global Inverter- by: Output Power Rating (Value)
          • 6.2.3.1. Below 10 kW
          • 6.2.3.2. 10–50 kW
          • 6.2.3.3. 51–100 kW
          • 6.2.3.4. Above 100 kW
        • 6.2.4. Global Inverter- by: End User (Value)
          • 6.2.4.1. Residential
          • 6.2.4.2. Commercial
          • 6.2.4.3. Industrial
    • 7. Appendix
      • 7.1. Acronyms
    • 8. Methodology and Data Source
      • 8.1. Methodology/Research Approach
        • 8.1.1. Research Programs/Design
        • 8.1.2. Market Size Estimation
        • 8.1.3. Market Breakdown and Data Triangulation
      • 8.2. Data Source
        • 8.2.1. Secondary Sources
        • 8.2.2. Primary Sources
      • 8.3. Disclaimer
    List of Tables
    • Table 1. Inverter-: by Type(USD Million)
    • Table 2. Inverter-: by Connection Type(USD Million)
    • Table 3. Inverter-: by Output Power Rating(USD Million)
    • Table 4. Inverter-: by End User(USD Million)
    • Table 5. Company Basic Information, Sales Area and Its Competitors
    • Table 6. Company Basic Information, Sales Area and Its Competitors
    • Table 7. Company Basic Information, Sales Area and Its Competitors
    • Table 8. Company Basic Information, Sales Area and Its Competitors
    • Table 9. Company Basic Information, Sales Area and Its Competitors
    • Table 10. Company Basic Information, Sales Area and Its Competitors
    • Table 11. Company Basic Information, Sales Area and Its Competitors
    • Table 12. Company Basic Information, Sales Area and Its Competitors
    • Table 13. Company Basic Information, Sales Area and Its Competitors
    • Table 14. Company Basic Information, Sales Area and Its Competitors
    • Table 15. Inverter-: by Type(USD Million)
    • Table 16. Inverter-: by Connection Type(USD Million)
    • Table 17. Inverter-: by Output Power Rating(USD Million)
    • Table 18. Inverter-: by End User(USD Million)
    • Table 19. Research Programs/Design for This Report
    • Table 20. Key Data Information from Secondary Sources
    • Table 21. Key Data Information from Primary Sources
    List of Figures
    • Figure 1. Porters Five Forces
    • Figure 2. Supply/Value Chain
    • Figure 3. PESTEL analysis
    • Figure 4. Global Inverter-: by Type USD Million (2019-2024)
    • Figure 5. Global Inverter-: by Connection Type USD Million (2019-2024)
    • Figure 6. Global Inverter-: by Output Power Rating USD Million (2019-2024)
    • Figure 7. Global Inverter-: by End User USD Million (2019-2024)
    • Figure 8. Global Inverter- share by Players 2024 (%)
    • Figure 9. Global Inverter- share by Players (Top 3) 2024(%)
    • Figure 10. Global Inverter- share by Players (Top 5) 2024(%)
    • Figure 11. BCG Matrix for key Companies
    • Figure 12. SMA Solar Technology AG (Germany) Revenue, Net Income and Gross profit
    • Figure 13. SMA Solar Technology AG (Germany) Revenue: by Geography 2024
    • Figure 14. Huawei Technologies Co., Ltd. (China) Revenue, Net Income and Gross profit
    • Figure 15. Huawei Technologies Co., Ltd. (China) Revenue: by Geography 2024
    • Figure 16. Sungrow Power Supply Co., Ltd. (China) Revenue, Net Income and Gross profit
    • Figure 17. Sungrow Power Supply Co., Ltd. (China) Revenue: by Geography 2024
    • Figure 18. Fronius International GmbH (Austria) Revenue, Net Income and Gross profit
    • Figure 19. Fronius International GmbH (Austria) Revenue: by Geography 2024
    • Figure 20. Enphase Energy, Inc. (United States) Revenue, Net Income and Gross profit
    • Figure 21. Enphase Energy, Inc. (United States) Revenue: by Geography 2024
    • Figure 22. SolarEdge Technologies Inc. (Israel) Revenue, Net Income and Gross profit
    • Figure 23. SolarEdge Technologies Inc. (Israel) Revenue: by Geography 2024
    • Figure 24. GoodWe Power Supply Technology Co., Ltd. (China) Revenue, Net Income and Gross profit
    • Figure 25. GoodWe Power Supply Technology Co., Ltd. (China) Revenue: by Geography 2024
    • Figure 26. Growatt New Energy Technology Co., Ltd. (China) Revenue, Net Income and Gross profit
    • Figure 27. Growatt New Energy Technology Co., Ltd. (China) Revenue: by Geography 2024
    • Figure 28. Ginlong Technologies (Solis) (China) Revenue, Net Income and Gross profit
    • Figure 29. Ginlong Technologies (Solis) (China) Revenue: by Geography 2024
    • Figure 30. Delta Electronics, Inc. (Taiwan) Revenue, Net Income and Gross profit
    • Figure 31. Delta Electronics, Inc. (Taiwan) Revenue: by Geography 2024
    • Figure 32. Global Inverter-: by Type USD Million (2027-2032)
    • Figure 33. Global Inverter-: by Connection Type USD Million (2027-2032)
    • Figure 34. Global Inverter-: by Output Power Rating USD Million (2027-2032)
    • Figure 35. Global Inverter-: by End User USD Million (2027-2032)
    List of companies from research coverage that are profiled in the study
    • SMA Solar Technology AG (Germany)
    • Huawei Technologies Co., Ltd. (China)
    • Sungrow Power Supply Co., Ltd. (China)
    • Fronius International GmbH (Austria)
    • Enphase Energy, Inc. (United States)
    • SolarEdge Technologies Inc. (Israel)
    • GoodWe Power Supply Technology Co., Ltd. (China)
    • Growatt New Energy Technology Co., Ltd. (China)
    • Ginlong Technologies (Solis) (China)
    • Delta Electronics, Inc. (Taiwan)
    Additional players considered in the study are as follows:
    Schneider Electric SE (France) , ABB Ltd. (Switzerland) , TMEIC Corporation (United States) , Ingeteam S.A. (Spain) , Luminous Power Technologies Pvt. Ltd. (India)
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    Key Highlights of Report


    Feb 2025 240 Pages 54 Tables Base Year: 2024 Coverage: 15+ Companies; 18 Countries

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    Frequently Asked Questions (FAQ):

    The key segments that are playing vital role in Inverter- Market are by type [Solar Inverter, String Inverters, Vehicle Inverter and Others], by end use application [].
    The Inverter- Market is gaining popularity and expected to see strong valuation by 2032.

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