Photovoltaic (PV) Inverter Market 2024-2028
Quick Buy buy_cart
Overview Scope Companies Subscription
overview_1
Incremental Growth2024-2028 (US$mn)

$ 3965.4

overview_2
2024 Year-over-Year Growth

6.23%

overview_3
CAGR (2024-2028)

6.78%

overview_4
Report Coverage

Global

Photovoltaic (PV) Inverter Market Segmentation

Market Segmentation & Scope
Product
String Central Micro
Type
On-grid Off-grid

Geography

Europe

UK France Germany

APAC

China India Japan South Korea

North America

US Canada

South America

Brazil

Middle East and Africa

UAE

Market Segment by Geographic Landscape

regional_img

47%

of the growth will originate

from APAC

Global Market Size 2018 - 2028 (US$ Mn)

Market is segmented by Product into String, Central, Micro

The String is expected to be largest growing segment during 2024-2028

Largest Segment - String

US$ 22,674.70 Mn

Photovoltaic (PV) Inverter Market by Product into String; 2018-2028 (US$ Mn)

String Market Revenue and Forecast 2018-2028 (US$ Mn)

String

  • String Market Size and Forecast 2018 to 2028 (US$ Mn)

Photovoltaic (PV) Inverter Market by Product into Central; 2018-2028 (US$ Mn)

Central Market Revenue and Forecast 2018-2028 (US$ Mn)

Central

  • Central Market Size and Forecast 2018 to 2028 (US$ Mn)

Photovoltaic (PV) Inverter Market by Product into Micro; 2018-2028 (US$ Mn)

Micro Market Revenue and Forecast 2018-2028 (US$ Mn)

Micro

  • Micro Market Size and Forecast 2018 to 2028 (US$ Mn)

Market is segmented by Type into On-grid, Off-grid

The On-grid is expected to be largest growing segment during 2024-2028

Largest Segment - On-grid

US$ 27,731.10 Mn

Photovoltaic (PV) Inverter Market Size by Segmentation, by Type (US$ Mn)

Type 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
On-grid 4977.10 XX XX XX XX XX XX XX XX XX XX XX
Off-grid XX 2931.20 XX XX XX XX XX XX XX XX XX XX

Photovoltaic (PV) Inverter Market by Type into On-grid; 2018-2028 (US$ Mn)

On-grid Market Revenue and Forecast 2018-2028 (US$ Mn)

On-grid

  • On-grid Market Size and Forecast 2018 to 2028 (US$ Mn)

Photovoltaic (PV) Inverter Market by Type into Off-grid; 2018-2028 (US$ Mn)

Off-grid Market Revenue and Forecast 2018-2028 (US$ Mn)

Off-grid

  • Off-grid Market Size and Forecast 2018 to 2028 (US$ Mn)

Market is segmented by Geography into APAC, Europe, North America, Middle East and Africa, South America

The APAC is estimated to contribute 47% to the growth of global market during the forecast period 2024-2028.

Largest Segment - APAC

47%

Regional share of different regions, including APAC, Europe, North America, Middle East and Africa

Region 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
APAC 4282.50 XX XX XX XX XX XX XX XX XX XX XX
Europe XX 1648.10 XX XX XX XX XX XX XX XX XX XX
North America XX XX 1232.30 XX XX XX XX XX XX XX XX XX
Middle East and Africa XX XX XX 666.10 710.00 XX XX XX XX XX XX XX
South America XX XX XX XX XX XX XX XX XX XX XX XX

Photovoltaic (PV) Inverter Market Size by Geography into APAC; 2018-2028 (US$ Mn)

APAC Market Revenue and Forecast 2018-2028 (US$ Mn)

Photovoltaic (PV) Inverter Market Size by Country into China; 2018-2028 (US$ Mn)

China Market Revenue and Forecast 2018-2028 (US$ Mn)

Photovoltaic (PV) Inverter Market Size by Country into India; 2018-2028 (US$ Mn)

India Market Revenue and Forecast 2018-2028 (US$ Mn)

Photovoltaic (PV) Inverter Market Size by Country into Japan; 2018-2028 (US$ Mn)

Japan Market Revenue and Forecast 2018-2028 (US$ Mn)

Photovoltaic (PV) Inverter Market Size by Country into Vietnam; 2018-2028 (US$ Mn)

Vietnam Market Revenue and Forecast 2018-2028 (US$ Mn)

Photovoltaic (PV) Inverter Market Size by Geography into Europe; 2018-2028 (US$ Mn)

Europe Market Revenue and Forecast 2018-2028 (US$ Mn)

Photovoltaic (PV) Inverter Market Size by Geography into North America; 2018-2028 (US$ Mn)

North America Market Revenue and Forecast 2018-2028 (US$ Mn)

Photovoltaic (PV) Inverter Market Size by Country into US; 2018-2028 (US$ Mn)

US Market Revenue and Forecast 2018-2028 (US$ Mn)

Photovoltaic (PV) Inverter Market Size by Geography into Middle East and Africa; 2018-2028 (US$ Mn)

Middle East and Africa Market Revenue and Forecast 2018-2028 (US$ Mn)

Photovoltaic (PV) Inverter Market Size by Geography into South America; 2018-2028 (US$ Mn)

South America Market Revenue and Forecast 2018-2028 (US$ Mn)

Major Companies

Market Companies

Name Profile Employees Headquarters Website
ABB Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Canadian Solar Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Danfoss ASView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
DARFON ELECTRONICS CORP.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Delta Electronics Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Eaton Corp. PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Enphase Energy Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Fronius International GmbHView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
General Electric Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Huawei Technologies Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
OMRON Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Powerone Micro Systems Pvt. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Schneider Electric SEView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Siemens AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sineng Electric Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SMA Solar Technology AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SolarEdge Technologies Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sungrow Power Supply Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SunPower Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Yaskawa Solectria SolarView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com

Photovoltaic (PV) Inverter Market Scope

  1. By Product
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Product, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Product, 2024 to 2028
      1. String
      2. Central
      3. Micro
    4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Product, 2024 to 2028
  2. By Type
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Type, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Type, 2024 to 2028
      1. On-grid
      2. Off-grid
    4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Type, 2024 to 2028
  3. By Region
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Region, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Region, 2024 to 2028
      1. APAC
      2. Europe
      3. North America
      4. Middle East and Africa
      5. South America
  4. APAC Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. China
      2. India
      3. Japan
      4. Vietnam
    4. By Product
    5. By Type
  5. Europe Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Product
    4. By Type
  6. North America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. US
    4. By Product
    5. By Type
  7. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Product
    4. By Type
  8. South America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Product
    4. By Type

Major Companies

Market companies

Name Profile Employees Headquarters Website
ABB Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Canadian Solar Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Danfoss ASView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
DARFON ELECTRONICS CORP.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Delta Electronics Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Eaton Corp. PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Enphase Energy Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Fronius International GmbHView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
General Electric Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Huawei Technologies Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
OMRON Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Powerone Micro Systems Pvt. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Schneider Electric SEView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Siemens AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sineng Electric Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SMA Solar Technology AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SolarEdge Technologies Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Sungrow Power Supply Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SunPower Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Yaskawa Solectria SolarView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Click to Unlock the Companies Ranking
technavio-report-thumb
Start your Subscription Today!
Gain Instant Access to 21000+ Market Research Reports!
Start your Subscription