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Global Residential PV Inverter Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Mar 21, 2025
Length 192 Pages
SKU # BOSS20073132

Description

Report Overview

Residential PV inverters are devices that convert the direct current (DC) electricity generated by solar panels into alternating current (AC) electricity that can be used to power homes. These inverters play a crucial role in residential solar energy systems by ensuring that the electricity produced by the solar panels is compatible with household appliances and the electricity grid. Residential PV inverters come in various sizes and types, including string inverters, microinverters, and power optimizers, catering to different system configurations and homeowner preferences. As the demand for renewable energy sources continues to rise, residential PV inverters have become an essential component of sustainable and energy-efficient homes.

The market for residential PV inverters is experiencing significant growth driven by several key factors. One of the primary market trends is the increasing adoption of solar energy systems in residential properties due to growing environmental awareness, government incentives, and decreasing solar panel costs. This trend has led to a higher demand for residential PV inverters as more homeowners seek to harness solar power to reduce their carbon footprint and energy bills. Additionally, technological advancements in PV inverters, such as improved efficiency, monitoring capabilities, and integration with smart home systems, are further driving market growth. At the same time, regulatory policies promoting renewable energy usage and the expansion of solar energy installations worldwide are creating opportunities for market expansion for residential PV inverters.

The global Residential PV Inverter market size was estimated at USD 1648.69 million in 2024 and is projected to reach USD 2239.05 million by 2033, exhibiting a CAGR of 3.90% during the forecast period.

This report provides a deep insight into the global Residential PV Inverter market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, PEST analysis, etc. In terms of regional markets, the report details the market space and development potential of each market segment in North America, Europe, Asia Pacific, South America, the Middle East and Africa, as well as the competitive landscape of major players, etc

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Residential PV Inverter Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Residential PV Inverter market in any manner.

Global Residential PV Inverter Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Sungrow

Goodwe

Inhenergy

Growatt

SAJ

Ginlong

SOFARSOLAR

Aotai

SMA Solar Technology AG

Shenzhen Hopewind Electric

Delta

Ingeteam

Fronius

SolarEdge

KATEK

Fimer

Enphase

GE

Chint

Afore

APsystems

SINRNG

Hoymiles

Market Segmentation (by Type)

String Inverter

Micro Inverter

Others

Market Segmentation (by Application)

Commercial Housing

Non-commercial Housing

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Residential PV Inverter Market

Overview of the regional outlook of the Residential PV Inverter Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Residential PV Inverter Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Residential PV Inverter, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

192 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Residential PV Inverter
1.2 Key Market Segments
1.2.1 Residential PV Inverter Segment by Type
1.2.2 Residential PV Inverter Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Residential PV Inverter Market Overview
2.1 Global Market Overview
2.1.1 Global Residential PV Inverter Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global Residential PV Inverter Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Residential PV Inverter Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Residential PV Inverter Product Life Cycle
3.3 Global Residential PV Inverter Sales by Manufacturers (2020-2025)
3.4 Global Residential PV Inverter Revenue Market Share by Manufacturers (2020-2025)
3.5 Residential PV Inverter Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global Residential PV Inverter Average Price by Manufacturers (2020-2025)
3.7 Manufacturers Residential PV Inverter Manufacturing Sites, Area Served, Product Type
3.8 Residential PV Inverter Market Competitive Situation and Trends
3.8.1 Residential PV Inverter Market Concentration Rate
3.8.2 Global 5 and 10 Largest Residential PV Inverter Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Residential PV Inverter Industry Chain Analysis
4.1 Residential PV Inverter Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Residential PV Inverter Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Residential PV Inverter Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 Global Trade Frictions and Their Impacts to Residential PV Inverter Market
5.7 ESG Ratings of Leading Companies
6 Residential PV Inverter Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Residential PV Inverter Sales Market Share by Type (2020-2025)
6.3 Global Residential PV Inverter Market Size Market Share by Type (2020-2025)
6.4 Global Residential PV Inverter Price by Type (2020-2025)
7 Residential PV Inverter Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Residential PV Inverter Market Sales by Application (2020-2025)
7.3 Global Residential PV Inverter Market Size (M USD) by Application (2020-2025)
7.4 Global Residential PV Inverter Sales Growth Rate by Application (2020-2025)
8 Residential PV Inverter Market Sales by Region
8.1 Global Residential PV Inverter Sales by Region
8.1.1 Global Residential PV Inverter Sales by Region
8.1.2 Global Residential PV Inverter Sales Market Share by Region
8.2 Global Residential PV Inverter Market Size by Region
8.2.1 Global Residential PV Inverter Market Size by Region
8.2.2 Global Residential PV Inverter Market Size Market Share by Region
8.3 North America
8.3.1 North America Residential PV Inverter Sales by Country
8.3.2 North America Residential PV Inverter Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Residential PV Inverter Sales by Country
8.4.2 Europe Residential PV Inverter Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Residential PV Inverter Sales by Region
8.5.2 Asia Pacific Residential PV Inverter Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Residential PV Inverter Sales by Country
8.6.2 South America Residential PV Inverter Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa Residential PV Inverter Sales by Region
8.7.2 Middle East and Africa Residential PV Inverter Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Residential PV Inverter Market Production by Region
9.1 Global Production of Residential PV Inverter by Region(2020-2025)
9.2 Global Residential PV Inverter Revenue Market Share by Region (2020-2025)
9.3 Global Residential PV Inverter Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America Residential PV Inverter Production
9.4.1 North America Residential PV Inverter Production Growth Rate (2020-2025)
9.4.2 North America Residential PV Inverter Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe Residential PV Inverter Production
9.5.1 Europe Residential PV Inverter Production Growth Rate (2020-2025)
9.5.2 Europe Residential PV Inverter Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan Residential PV Inverter Production (2020-2025)
9.6.1 Japan Residential PV Inverter Production Growth Rate (2020-2025)
9.6.2 Japan Residential PV Inverter Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China Residential PV Inverter Production (2020-2025)
9.7.1 China Residential PV Inverter Production Growth Rate (2020-2025)
9.7.2 China Residential PV Inverter Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Sungrow
10.1.1 Sungrow Basic Information
10.1.2 Sungrow Residential PV Inverter Product Overview
10.1.3 Sungrow Residential PV Inverter Product Market Performance
10.1.4 Sungrow Business Overview
10.1.5 Sungrow SWOT Analysis
10.1.6 Sungrow Recent Developments
10.2 Goodwe
10.2.1 Goodwe Basic Information
10.2.2 Goodwe Residential PV Inverter Product Overview
10.2.3 Goodwe Residential PV Inverter Product Market Performance
10.2.4 Goodwe Business Overview
10.2.5 Goodwe SWOT Analysis
10.2.6 Goodwe Recent Developments
10.3 Inhenergy
10.3.1 Inhenergy Basic Information
10.3.2 Inhenergy Residential PV Inverter Product Overview
10.3.3 Inhenergy Residential PV Inverter Product Market Performance
10.3.4 Inhenergy Business Overview
10.3.5 Inhenergy SWOT Analysis
10.3.6 Inhenergy Recent Developments
10.4 Growatt
10.4.1 Growatt Basic Information
10.4.2 Growatt Residential PV Inverter Product Overview
10.4.3 Growatt Residential PV Inverter Product Market Performance
10.4.4 Growatt Business Overview
10.4.5 Growatt Recent Developments
10.5 SAJ
10.5.1 SAJ Basic Information
10.5.2 SAJ Residential PV Inverter Product Overview
10.5.3 SAJ Residential PV Inverter Product Market Performance
10.5.4 SAJ Business Overview
10.5.5 SAJ Recent Developments
10.6 Ginlong
10.6.1 Ginlong Basic Information
10.6.2 Ginlong Residential PV Inverter Product Overview
10.6.3 Ginlong Residential PV Inverter Product Market Performance
10.6.4 Ginlong Business Overview
10.6.5 Ginlong Recent Developments
10.7 SOFARSOLAR
10.7.1 SOFARSOLAR Basic Information
10.7.2 SOFARSOLAR Residential PV Inverter Product Overview
10.7.3 SOFARSOLAR Residential PV Inverter Product Market Performance
10.7.4 SOFARSOLAR Business Overview
10.7.5 SOFARSOLAR Recent Developments
10.8 Aotai
10.8.1 Aotai Basic Information
10.8.2 Aotai Residential PV Inverter Product Overview
10.8.3 Aotai Residential PV Inverter Product Market Performance
10.8.4 Aotai Business Overview
10.8.5 Aotai Recent Developments
10.9 SMA Solar Technology AG
10.9.1 SMA Solar Technology AG Basic Information
10.9.2 SMA Solar Technology AG Residential PV Inverter Product Overview
10.9.3 SMA Solar Technology AG Residential PV Inverter Product Market Performance
10.9.4 SMA Solar Technology AG Business Overview
10.9.5 SMA Solar Technology AG Recent Developments
10.10 Shenzhen Hopewind Electric
10.10.1 Shenzhen Hopewind Electric Basic Information
10.10.2 Shenzhen Hopewind Electric Residential PV Inverter Product Overview
10.10.3 Shenzhen Hopewind Electric Residential PV Inverter Product Market Performance
10.10.4 Shenzhen Hopewind Electric Business Overview
10.10.5 Shenzhen Hopewind Electric Recent Developments
10.11 Delta
10.11.1 Delta Basic Information
10.11.2 Delta Residential PV Inverter Product Overview
10.11.3 Delta Residential PV Inverter Product Market Performance
10.11.4 Delta Business Overview
10.11.5 Delta Recent Developments
10.12 Ingeteam
10.12.1 Ingeteam Basic Information
10.12.2 Ingeteam Residential PV Inverter Product Overview
10.12.3 Ingeteam Residential PV Inverter Product Market Performance
10.12.4 Ingeteam Business Overview
10.12.5 Ingeteam Recent Developments
10.13 Fronius
10.13.1 Fronius Basic Information
10.13.2 Fronius Residential PV Inverter Product Overview
10.13.3 Fronius Residential PV Inverter Product Market Performance
10.13.4 Fronius Business Overview
10.13.5 Fronius Recent Developments
10.14 SolarEdge
10.14.1 SolarEdge Basic Information
10.14.2 SolarEdge Residential PV Inverter Product Overview
10.14.3 SolarEdge Residential PV Inverter Product Market Performance
10.14.4 SolarEdge Business Overview
10.14.5 SolarEdge Recent Developments
10.15 KATEK
10.15.1 KATEK Basic Information
10.15.2 KATEK Residential PV Inverter Product Overview
10.15.3 KATEK Residential PV Inverter Product Market Performance
10.15.4 KATEK Business Overview
10.15.5 KATEK Recent Developments
10.16 Fimer
10.16.1 Fimer Basic Information
10.16.2 Fimer Residential PV Inverter Product Overview
10.16.3 Fimer Residential PV Inverter Product Market Performance
10.16.4 Fimer Business Overview
10.16.5 Fimer Recent Developments
10.17 Enphase
10.17.1 Enphase Basic Information
10.17.2 Enphase Residential PV Inverter Product Overview
10.17.3 Enphase Residential PV Inverter Product Market Performance
10.17.4 Enphase Business Overview
10.17.5 Enphase Recent Developments
10.18 GE
10.18.1 GE Basic Information
10.18.2 GE Residential PV Inverter Product Overview
10.18.3 GE Residential PV Inverter Product Market Performance
10.18.4 GE Business Overview
10.18.5 GE Recent Developments
10.19 Chint
10.19.1 Chint Basic Information
10.19.2 Chint Residential PV Inverter Product Overview
10.19.3 Chint Residential PV Inverter Product Market Performance
10.19.4 Chint Business Overview
10.19.5 Chint Recent Developments
10.20 Afore
10.20.1 Afore Basic Information
10.20.2 Afore Residential PV Inverter Product Overview
10.20.3 Afore Residential PV Inverter Product Market Performance
10.20.4 Afore Business Overview
10.20.5 Afore Recent Developments
10.21 APsystems
10.21.1 APsystems Basic Information
10.21.2 APsystems Residential PV Inverter Product Overview
10.21.3 APsystems Residential PV Inverter Product Market Performance
10.21.4 APsystems Business Overview
10.21.5 APsystems Recent Developments
10.22 SINRNG
10.22.1 SINRNG Basic Information
10.22.2 SINRNG Residential PV Inverter Product Overview
10.22.3 SINRNG Residential PV Inverter Product Market Performance
10.22.4 SINRNG Business Overview
10.22.5 SINRNG Recent Developments
10.23 Hoymiles
10.23.1 Hoymiles Basic Information
10.23.2 Hoymiles Residential PV Inverter Product Overview
10.23.3 Hoymiles Residential PV Inverter Product Market Performance
10.23.4 Hoymiles Business Overview
10.23.5 Hoymiles Recent Developments
11 Residential PV Inverter Market Forecast by Region
11.1 Global Residential PV Inverter Market Size Forecast
11.2 Global Residential PV Inverter Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Residential PV Inverter Market Size Forecast by Country
11.2.3 Asia Pacific Residential PV Inverter Market Size Forecast by Region
11.2.4 South America Residential PV Inverter Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Residential PV Inverter by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global Residential PV Inverter Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of Residential PV Inverter by Type (2026-2033)
12.1.2 Global Residential PV Inverter Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of Residential PV Inverter by Type (2026-2033)
12.2 Global Residential PV Inverter Market Forecast by Application (2026-2033)
12.2.1 Global Residential PV Inverter Sales (K Units) Forecast by Application
12.2.2 Global Residential PV Inverter Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings
How Do Licenses Work?
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