Global PV Inverters Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global PV Inverters market size will reach 7,367.68 Million USD in 2025 and is projected to reach 9,721.50 Million USD by 2032, with a CAGR of 4.04% (2025-2032). Notably, the China PV Inverters market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Photovoltaic (PV) inverters, also known as solar inverters, are essential components in solar power systems that convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity suitable for use in homes, businesses, and the electrical grid. Solar panels generate DC electricity from sunlight, but most appliances and the electrical grid operate on AC power. PV inverters play a crucial role in this energy conversion process by efficiently transforming the DC power into AC power. In addition to this primary function, modern PV inverters often include features such as Maximum Power Point Tracking (MPPT) to optimize energy harvest, monitoring capabilities for system performance analysis, and safety mechanisms to comply with grid requirements. The widespread use of PV inverters has been instrumental in the growth of solar energy installations, enabling clean and renewable energy integration into the existing power infrastructure.
The major global manufacturers of PV Inverters include Huawei, Sungrow Power, SMA, Power Electronics, FIMER, SiNENG, SolarEdge Technologies, GoodWe, Ingeteam, KSTAR, TBEA, Growatt, Siemens (KACO), Delta Energy Systems, GinLong, Fronius, Schneider Electric, SOFARSOLAR, Darfon Electronics, Powerone Micro System, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of PV Inverters. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global PV Inverters market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the PV Inverters market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of PV Inverters industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of PV Inverters Include:
Huawei
Sungrow Power
SMA
Power Electronics
FIMER
SiNENG
SolarEdge Technologies
GoodWe
Ingeteam
KSTAR
TBEA
Growatt
Siemens (KACO)
Delta Energy Systems
GinLong
Fronius
Schneider Electric
SOFARSOLAR
Darfon Electronics
Powerone Micro System
PV Inverters Product Segment Include:
String Inverter
Central Inverter
Microinverters
PV Inverters Product Application Include:
Residential
Business
Public Utilities
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global PV Inverters Industry PESTEL Analysis
Chapter 3: Global PV Inverters Industry Porter's Five Forces Analysis
Chapter 4: Global PV Inverters Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global PV Inverters Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global PV Inverters Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, PV Inverters Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global PV Inverters market size will reach 7,367.68 Million USD in 2025 and is projected to reach 9,721.50 Million USD by 2032, with a CAGR of 4.04% (2025-2032). Notably, the China PV Inverters market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Photovoltaic (PV) inverters, also known as solar inverters, are essential components in solar power systems that convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity suitable for use in homes, businesses, and the electrical grid. Solar panels generate DC electricity from sunlight, but most appliances and the electrical grid operate on AC power. PV inverters play a crucial role in this energy conversion process by efficiently transforming the DC power into AC power. In addition to this primary function, modern PV inverters often include features such as Maximum Power Point Tracking (MPPT) to optimize energy harvest, monitoring capabilities for system performance analysis, and safety mechanisms to comply with grid requirements. The widespread use of PV inverters has been instrumental in the growth of solar energy installations, enabling clean and renewable energy integration into the existing power infrastructure.
The major global manufacturers of PV Inverters include Huawei, Sungrow Power, SMA, Power Electronics, FIMER, SiNENG, SolarEdge Technologies, GoodWe, Ingeteam, KSTAR, TBEA, Growatt, Siemens (KACO), Delta Energy Systems, GinLong, Fronius, Schneider Electric, SOFARSOLAR, Darfon Electronics, Powerone Micro System, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of PV Inverters. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global PV Inverters market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the PV Inverters market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of PV Inverters industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of PV Inverters Include:
Huawei
Sungrow Power
SMA
Power Electronics
FIMER
SiNENG
SolarEdge Technologies
GoodWe
Ingeteam
KSTAR
TBEA
Growatt
Siemens (KACO)
Delta Energy Systems
GinLong
Fronius
Schneider Electric
SOFARSOLAR
Darfon Electronics
Powerone Micro System
PV Inverters Product Segment Include:
String Inverter
Central Inverter
Microinverters
PV Inverters Product Application Include:
Residential
Business
Public Utilities
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global PV Inverters Industry PESTEL Analysis
Chapter 3: Global PV Inverters Industry Porter's Five Forces Analysis
Chapter 4: Global PV Inverters Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global PV Inverters Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global PV Inverters Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, PV Inverters Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Table of Contents
165 Pages
- 1 PV Inverters Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 PV Inverters Product by Type
- 1.2.1 String Inverter
- 1.2.2 Central Inverter
- 1.2.3 Microinverters
- 1.3 PV Inverters Product by Application
- 1.3.1 Residential
- 1.3.2 Business
- 1.3.3 Public Utilities
- 1.4 Global PV Inverters Market Revenue and Sales Analysis
- 1.4.1 Global PV Inverters Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global PV Inverters Sales Market Size Analysis (2020-2032)
- 1.4.3 Global PV Inverters Market Sales Price Trend Analysis (2020-2032)
- 1.5 PV Inverters Market Development Status and Trends
- 1.5.1 PV Inverters Industry Development Status Analysis
- 1.5.2 PV Inverters Industry Development Trends Analysis
- 2 PV Inverters Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 PV Inverters Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global PV Inverters Market Analysis by Country
- 4.1 Global PV Inverters Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global PV Inverters Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global PV Inverters Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global PV Inverters Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global PV Inverters Sales and Market Share by Country (2020-2025)
- 4.2.2 Global PV Inverters Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa PV Inverters Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global PV Inverters Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global PV Inverters Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global PV Inverters Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global PV Inverters Average Sales Price by Manufacturers (2021-2025)
- 5.2 PV Inverters Competitive Landscape Analysis and Market Dynamic
- 5.2.1 PV Inverters Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 PV Inverters Market Analysis by Type
- 6.1 Global PV Inverters Market Revenue Analysis by Type
- 6.1.1 Global PV Inverters Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global PV Inverters Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global PV Inverters Market Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global PV Inverters Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Huawei
- 7.1.1 Huawei Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Huawei PV Inverters Product Portfolio
- 7.1.3 Huawei PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 Sungrow Power
- 7.2.1 Sungrow Power Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Sungrow Power PV Inverters Product Portfolio
- 7.2.3 Sungrow Power PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 SMA
- 7.3.1 SMA Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 SMA PV Inverters Product Portfolio
- 7.3.3 SMA PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Power Electronics
- 7.4.1 Power Electronics Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Power Electronics PV Inverters Product Portfolio
- 7.4.3 Power Electronics PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 FIMER
- 7.5.1 FIMER Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 FIMER PV Inverters Product Portfolio
- 7.5.3 FIMER PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 SiNENG
- 7.6.1 SiNENG Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 SiNENG PV Inverters Product Portfolio
- 7.6.3 SiNENG PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 SolarEdge Technologies
- 7.7.1 SolarEdge Technologies Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 SolarEdge Technologies PV Inverters Product Portfolio
- 7.7.3 SolarEdge Technologies PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 GoodWe
- 7.8.1 GoodWe Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 GoodWe PV Inverters Product Portfolio
- 7.8.3 GoodWe PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 Ingeteam
- 7.9.1 Ingeteam Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Ingeteam PV Inverters Product Portfolio
- 7.9.3 Ingeteam PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 KSTAR
- 7.10.1 KSTAR Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 KSTAR PV Inverters Product Portfolio
- 7.10.3 KSTAR PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.11 TBEA
- 7.11.1 TBEA Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 TBEA PV Inverters Product Portfolio
- 7.11.3 TBEA PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.12 Growatt
- 7.12.1 Growatt Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.12.2 Growatt PV Inverters Product Portfolio
- 7.12.3 Growatt PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.13 Siemens (KACO)
- 7.13.1 Siemens (KACO) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.13.2 Siemens (KACO) PV Inverters Product Portfolio
- 7.13.3 Siemens (KACO) PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.14 Delta Energy Systems
- 7.14.1 Delta Energy Systems Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.14.2 Delta Energy Systems PV Inverters Product Portfolio
- 7.14.3 Delta Energy Systems PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.15 GinLong
- 7.15.1 GinLong Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.15.2 GinLong PV Inverters Product Portfolio
- 7.15.3 GinLong PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.16 Fronius
- 7.16.1 Fronius Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.16.2 Fronius PV Inverters Product Portfolio
- 7.16.3 Fronius PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.17 Schneider Electric
- 7.17.1 Schneider Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.17.2 Schneider Electric PV Inverters Product Portfolio
- 7.17.3 Schneider Electric PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.18 SOFARSOLAR
- 7.18.1 SOFARSOLAR Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.18.2 SOFARSOLAR PV Inverters Product Portfolio
- 7.18.3 SOFARSOLAR PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.19 Darfon Electronics
- 7.19.1 Darfon Electronics Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.19.2 Darfon Electronics PV Inverters Product Portfolio
- 7.19.3 Darfon Electronics PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.20 Powerone Micro System
- 7.20.1 Powerone Micro System Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.20.2 Powerone Micro System PV Inverters Product Portfolio
- 7.20.3 Powerone Micro System PV Inverters Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8 Industry Chain Analysis
- 8.1 PV Inverters Industry Chain Analysis
- 8.2 PV Inverters Industry Upstream Supply Analysis
- 8.2.1 Upstream Key Raw Material Supply Analysis
- 8.2.2 Raw Material Suppliers and Contact Information
- 8.3 PV Inverters Product Downstream Application Analysis
- 8.3.1 Global PV Inverters Revenue Market Size by Application: 2024 & 2025 & 2032
- 8.3.2 Global PV Inverters Revenue and Forecast Analysis by Application (2020-2032)
- 8.3.3 Global PV Inverters Sales and Forecast Analysis by Application (2020-2032)
- 8.4 PV Inverters Typical Downstream Customers
- 8.5 PV Inverters Sales Channel Analysis
- 9 Research Findings and Conclusion
- 10 Methodology and Data Source
- 10.1 Methodology/Research Approach
- 10.2 Research Scope
- 10.3 Benchmarks and Assumptions
- 10.4 Date Source
- 10.4.1 Primary Sources
- 10.4.2 Secondary Sources
- 10.5 Data Cross Validation
- 10.6 Disclaimer
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