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Solar PV Modules and Inverters Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030

Publisher GlobalData
Published Oct 14, 2025
Length 214 Pages
SKU # GBDT20535765

Description

Solar PV Modules and Inverters Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030

Summary

GlobalData's latest report, Solar PV Modules and Inverters Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030, provides comprehensive insights into the global solar PV module and inverter markets. The report includes an in-depth analysis at the global, regional (Asia-Pacific, Americas, Europe, and the Middle East and Africa), and key country levels (the US, Brazil, China, India, Japan, the UK, Germany, and Italy).

The report examines the capacity and market value of the PV modules market, categorized by technology for both historical (2020-2024) and forecast (2025-2030) periods. It also analyzes the capacity of the PV inverters market based on consumer segments and outlines the market value. The solar PV module technologies discussed in the report include crystalline silicon (c-Si) and thin-film, while the consumer categories for the PV inverters market analysis consist of Residential, Commercial, and Utility-scale. Additionally, the report covers market overviews, drivers and restraints affecting the market, key policies and initiatives, major upcoming projects, recent tenders issued, and contracts signed at key country levels. It also provides global market share information.

The report is compiled using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team of industry experts.

Scope
  • The report analyzes the solar PV module and inverter market. Its scope includes:
  • Analysis of the solar PV module and inverter markets, focusing on market value and capacity at both global and regional levels, including Asia-Pacific, the Americas, Europe, and the Middle East and Africa (EMEA).
  • A detailed analysis of the solar PV module and inverter markets for key countries, including the US, Brazil, China, India, Japan, the UK, Germany, and Italy.
  • Country-level analysis of solar market value and capacity for both historical (2020-2024) and forecast (2025-2030) periods.
  • Global market share data for the year 2024, along with information on major upcoming projects, recent tenders issued, and contracts signed at the country level.
  • A discussion of market drivers and restraints, their impact on the markets, and an overview of key policies and regulations.
Reasons to BuyThe report will enhance your decision-making capability in a more rapid and time sensitive manner. It will allow you to-
  • Facilitate decision-making by analyzing historical and forecast data on the solar PV module and inverter markets.
  • Develop strategies based on market developments.
  • Identify key partners and business development opportunities by understanding the activities of major competitors in the market.
  • Respond effectively to your competitors’ business structures, strategies, and prospects.

Table of Contents

214 Pages
About GlobalData
Table of Contents
Executive Summary
Global Solar PV Modules’ Market to Register $80.7 billion by 2030, led by Asia-Pacific
Global Solar PV Utility-Scale Inverters Market Expected to Reach 289.8GW by 2030
Introduction
Solar PV Modules and Inverters, Solar Photovoltaic Technology Overview
Solar PV Modules and Inverters, Classifications
Solar PV Modules and Inverters, Classifications of PV Modules
Solar PV Modules and Inverters, Classifications of PV Inverters
Solar PV Modules and Inverters, GlobalData Report Guidance
Solar PV Modules and Inverters, Global
Solar PV, Global, Market Overview
Solar PV Modules and Inverters, Global, Market Size Analysis
Solar PV Modules Market Size Analysis, Global, 2020–2030
Solar PV Inverters Market Size Analysis, Global, 2020–2030
Solar PV Modules and Inverters, Global, Market Share, 2024
Solar PV Modules Market, Global Market Share, 2024
Solar PV Inverters Market, Global Market Share, 2024
Solar PV Modules and Inverters, Americas
Solar PV, Americas, Market Overview
Solar PV Modules and Inverters, Americas, Market Size Analysis
Solar PV Modules Market Size Analysis, Americas, 2020–2030
Solar PV Inverters Market Size Analysis, Americas, 2020–2030
Solar PV Modules and Inverters, US
Solar PV, US, Market Overview
Solar PV, US, Key Policies and Initiatives
Inflation Reduction Act (IRA)
One Big Beautiful Act
Solar Manufacturing for America Act (SEMA)
Antidumping & Countervailing Duties (AD/CVD) and Import Tariffs
Solar PV Modules and Inverters, US, Market Drivers and Restraints
Solar PV Modules and Inverters, US, Market Drivers and Impact Analysis
Solar PV Modules and Inverters, US, Market Restraints and Impact Analysis
Solar PV Modules and Inverters, US, Market Size Analysis
Solar PV Modules Market Size Analysis, US, 2020–2030
Solar PV Inverters Market Size Analysis, US, 2020–2030
Solar PV Modules and Inverters, US, Tenders and Contracts
Solar PV, US, Major Upcoming Solar PV Projects
Solar PV Modules and Inverters, Brazil
Solar PV, Brazil, Market Overview
Brazil, Key Policies and Initiatives
National Energy Plan (Plano Nacional de Energia/PNE)
National Energy Transition Policy (Política Nacional de Transição Energética/PNTE)
Net Metering for Distributed Generation
Import Tariffs on Photovoltaic Modules
Solar PV Modules and Inverters, Brazil, Market Drivers and Restraints
Solar PV Modules and Inverters, Brazil, Market Drivers and Impact Analysis
Solar PV Modules and Inverters, Brazil, Market Restraints and Impact Analysis
Solar PV Modules and Inverters, Brazil, Market Size Analysis
Solar PV Modules Market Size Analysis, Brazil, 2020–2030
Solar PV Inverters Market Size Analysis, Brazil, 2020–2030
Solar PV Modules and Inverters, Brazil, Tenders and Contracts
Solar PV, Brazil, Major Upcoming Solar PV Projects
Solar PV Modules and Inverters, Asia-Pacific
Solar PV, Asia-Pacific, Market Overview
Solar PV Modules and Inverters, Asia-Pacific, Market Size Analysis
Solar PV Modules Market Size Analysis, Asia-Pacific, 2020–2030
Solar PV Inverters Market Size Analysis, Asia-Pacific, 2020–2030
Solar PV Modules and Inverters, China
Solar PV, China, Market Overview
China, Key Policies and Initiatives
The 14th Five-Year Plan
Energy Law
Market-Based Reform of Renewable Energy On-Grid Tariffs
Solar Mandate
Export Tax Rebate Policy
Solar PV Modules and Inverters, China, Market Drivers and Restraints
Solar PV Modules and Inverters, China, Market Drivers and Impact Analysis
Solar PV Modules and Inverters, China, Market Restraints and Impact Analysis
Solar PV Modules and Inverters, China, Market Size Analysis
Solar PV Modules Market Size Analysis, China, 2020–2030
Solar PV Inverters Market Size Analysis, China, 2020–2030
Solar PV Modules and Inverters, China, Tenders and Contracts
Solar PV, China, Major Upcoming Solar PV Projects
Solar PV Modules and Inverters, India
Solar PV, India, Market Overview
India, Key Policies and Initiatives
Union Budget, 2025–26
Production Linked Incentive (PLI) Scheme: National Programme on High Efficiency Solar PV Modules
Approved List of Models and Manufacturers of Solar Photovoltaic Modules (ALMM)
National Wind-Solar Hybrid Policy
Green Energy Corridor
Feed-in Tariffs, Solar
Pradhan Mantri Suryodaya Yojana (PMSY)/PM Surya Ghar: Muft Bijli Yojana
Development of Solar Parks and Ultra Mega Solar Power Projects
PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan)
New Solar Power Scheme for Particularly Vulnerable Tribal Groups (PVTG) Habitations/Villages under Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN)
Solar Systems, Devices and Components Goods Order, 2025
Quality Control Manual for Grid-Connected Rooftop Solar PV Systems and Solar PV Water Pumping Systems
Loan for Installation of Grid Interactive Rooftop Solar PV Plants
Customs and Excise Duty Exemption for Grid-connected Roof-top Solar PV Systems
Simplified procedure on Rooftop Solar
Net-metering
Solar PV Modules and Inverters, India, Market Drivers and Restraints
Solar PV Modules and Inverters, India, Market Drivers and Impact Analysis
Solar PV Modules and Inverters, India, Market Restraints and Impact Analysis
Solar PV Modules and Inverters, India, Market Size Analysis
Solar PV Modules Market Size Analysis, India, 2020–2030
Solar PV Inverters Market Size Analysis, India, 2020–2030
Solar PV Modules and Inverters, India, Tenders and Contracts
Solar PV, India, Major Upcoming Solar PV Projects
Solar PV Modules and Inverters, Japan
Solar PV, Japan, Market Overview
Japan, Key Policies and Initiatives
Basic Energy Plan Until 2030
Seventh Strategic Energy Plan, 2025
Feed-in Tariffs (FiT) and Feed-in-Premium (FiP)
Solar PV Auctions
New Recycling System for Solar PV Modules
Solar PV Modules and Inverters, Japan, Market Drivers and Restraints
Solar PV Modules and Inverters, Japan, Market Drivers and Impact Analysis
Solar PV Modules and Inverters, Japan, Market Restraints and Impact Analysis
Solar PV Modules and Inverters, Japan, Market Size Analysis
Solar PV Modules Market Size Analysis, Japan, 2020–2030
Solar PV Inverters Market Size Analysis, Japan, 2020–2030
Solar PV Modules and Inverters, Japan, Tenders and Contracts
Solar PV, Japan, Major Upcoming Solar PV Projects
Solar PV Modules and Inverters, EMEA
Solar PV, EMEA, Market Overview
Solar PV Modules and Inverters, EMEA, Market Size Analysis
Solar PV Modules Market Size Analysis, EMEA, 2020–2030
Solar PV Inverters Market Size Analysis, EMEA, 2020–2030
Solar PV Modules and Inverters, UK
Solar PV, UK, Market Overview
UK, Key Policies and Initiatives
UK Solar Road Map, 2025
Clean Power Action Plan (CPAP)
Contracts for Difference (CfD)
British Energy Security Strategy
Energy Act 2023
Solar PV Modules and Inverters, UK, Market Drivers and Restraints
Solar PV Modules and Inverters, UK, Market Drivers and Impact Analysis
Solar PV Modules and Inverters, UK, Market Restraints and Impact Analysis
Solar PV Modules and Inverters, UK, Market Size Analysis
Solar PV Modules Market Size Analysis, UK, 2020–2030
Solar PV Inverters Market Size Analysis, UK, 2020–2030
Solar PV Modules and Inverters, UK, Tenders and Contracts
Solar PV, UK, Major Upcoming Solar PV Projects
Solar PV Modules and Inverters, Germany
Solar PV, Germany, Market Overview
Germany, Key Policies and Initiatives
National Energy and Climate Plan (NECP), 2021-2030
EEG 2023
EEG 2024
Solar Peak (Solarspitzen)
Solar Package I
Solar PV Auctions
Regulation on Proof of Electrotechnical Properties (NELEV) & ZEREZ Register
Reduction of Tariffs for Small to Medium Rooftop Systems
Mandatory PV Installation in Buildings
Solar PV Modules and Inverters, Germany, Market Drivers and Restraints
Solar PV Modules and Inverters, Germany, Market Drivers and Impact Analysis
Solar PV Modules and Inverters, Germany, Market Restraints and Impact Analysis
Solar PV Modules and Inverters, Germany, Market Size Analysis
Solar PV Modules Market Size Analysis, Germany, 2020–2030
Solar PV Inverters Market Size Analysis, Germany, 2020–2030
Solar PV Modules and Inverters, Germany, Tenders and Contracts
Solar PV, Germany, Major Upcoming Solar PV Projects
Solar PV Modules and Inverters, Italy
Solar PV, Italy, Market Overview
Italy, Key Policies and Initiatives
National Integrated Plan for Climate and Energy 2030
D.L. Energia
The Energy Decree
FER X Decree
Transizione 5.0 Tax Credit Scheme
Solar PV Modules and Inverters, Italy, Market Drivers and Restraints
Solar PV Modules and Inverters, Italy, Market Drivers and Impact Analysis
Solar PV Modules and Inverters, Italy, Market Restraints and Impact Analysis
Solar PV Modules and Inverters, Italy, Market Size Analysis
Solar PV Modules Market Size Analysis, Italy, 2020–2030
Solar PV Inverters Market Size Analysis, Italy, 2020–2030
Solar PV Modules and Inverters, Italy, Tenders and Contracts
Solar PV, Italy, Major Upcoming Solar PV Projects
Appendix
Abbreviations
Research Methodology
Solar PV Modules
Solar PV Inverters
Research Methodology
Primary Research
Secondary Research
Data Analysis and Findings
Contact Us
List of Tables
Table 1: Solar PV Modules Annual Market Capacity (GW), Global, 2020–2030
Table 2: Solar PV Modules Annual Market Value ($B), Global, 2020–2030
Table 3: Solar PV Inverters Annual Market Capacity (GW), Global, 2020–2030
Table 4: Solar PV Inverters Annual Market Value ($B), Global, 2020–2030
Table 5: Solar PV Modules Market, Global, Market Share, Crystalline Technology, 2024
Table 6: Solar PV Modules Market, Global Market Share, Thin-Film Technology, 2024
Table 7: Solar PV Inverters Market, Global Market Share, 2024
Table 8: Solar PV Modules Annual Market Capacity (GW), Americas, 2020–2030
Table 9: Solar PV Modules Annual Market Value ($B), Americas, 2020–2030
Table 10: Solar PV Inverters Annual Market Capacity (GW), Americas, 2020–2030
Table 11: Solar PV Inverters Annual Market Value ($B), Americas, 2020–2030
Table 12: Solar PV Modules Annual Market Capacity (MW), US, 2020–2030
Table 13: Solar PV Modules Annual Market Value ($M), US, 2020–2030
Table 14: Solar PV Inverters Annual Market Capacity (MW), US, 2020–2030
Table 15: Solar PV Inverters Annual Market Value ($M), US, 2020–2030
Table 16: Solar PV Modules and Inverters, US, Recent Tenders and Contracts
Table 17: US, Upcoming Solar PV Projects
Table 18: Solar PV Modules Annual Market Capacity (MW), Brazil, 2020–2030
Table 19: Solar PV Modules Annual Market Value ($M), Brazil, 2020–2030
Table 20: Solar PV Inverters Annual Market Capacity (MW), Brazil, 2020–2030
Table 21: Solar PV Inverters Annual Market Value ($M), Brazil, 2020–2030
Table 22: Solar PV Modules and Inverters, Brazil, Recent Tenders and Contracts
Table 23: Brazil, Upcoming Solar PV Projects
Table 24: Solar PV Modules Annual Market Capacity (GW), Asia-Pacific, 2020–2030
Table 25: Solar PV Modules Annual Market Value ($B), Asia-Pacific, 2020–2030
Table 26: Solar PV Inverters Annual Market Capacity (GW), Asia-Pacific, 2020–2030
Table 27: Solar PV Inverters Annual Market Value ($B), Asia-Pacific, 2020–2030
Table 28: Solar PV Modules Annual Market Capacity (MW), China, 2020–2030
Table 29: Solar PV Modules Annual Market Value ($M), China, 2020–2030
Table 30: Solar PV Inverters Annual Market Capacity (MW), China, 2020–2030
Table 31: Solar PV Inverters Annual Market Value ($M), China, 2020–2030
Table 32: Solar PV Modules and Inverters, China, Recent Tenders and Contracts
Table 33: China, Upcoming Solar PV Projects
Table 34: PM Surya Ghar: Muft Bijli Yojana Subsidy Details, India
Table 35: Solar PV Modules Annual Market Capacity (MW), India, 2020–2030
Table 36: Solar PV Modules Annual Market Value ($M), India, 2020–2030
Table 37: Solar PV Inverters Annual Market Capacity (MW), India, 2020–2030
Table 38: Solar PV Inverters Annual Market Value ($M), India, 2020–2030
Table 39: Solar PV Modules and Inverters, India, Recent Tenders and Contracts
Table 40: India, Upcoming Solar PV Projects
Table 41: Solar power generation for homes and businesses (ineligible for bidding)
Table 42: Solar PV Modules Annual Market Capacity (MW), Japan, 2020–2030
Table 43: Solar PV Modules Annual Market Value ($M), Japan, 2020–2030
Table 44: Solar PV Inverters Annual Market Capacity (MW), Japan, 2020–2030
Table 45: Solar PV Inverters Annual Market Value ($M), Japan, 2020–2030
Table 46: Solar PV Modules and Inverters, Japan, Recent Tenders and Contracts
Table 47: Japan, Upcoming Solar PV Projects
Table 48: Solar PV Modules Annual Market Capacity (GW), EMEA, 2020–2030
Table 49: Solar PV Modules Annual Market Value ($B), EMEA, 2020–2030
Table 50: Solar PV Inverters Annual Market Capacity (GW), EMEA, 2020–2030
Table 51: Solar PV Inverters Annual Market Value ($B), EMEA, 2020–2030
Table 52: Solar PV Modules Annual Market Capacity (MW), UK, 2020–2030
Table 53: Solar PV Modules Annual Market Value ($M), UK, 2020–2030
Table 54: Solar PV Inverters Annual Market Capacity (MW), UK, 2020–2030
Table 55: Solar PV Inverters Annual Market Value ($M), UK, 2020–2030
Table 56: Solar PV Modules and Inverters, UK, Recent Tenders and Contracts
Table 57: UK, Upcoming Solar PV Projects
Table 58: Solar PV Modules Annual Market Capacity (MW), Germany, 2020–2030
Table 59: Solar PV Modules Annual Market Value ($M), Germany, 2020–2030
Table 60: Solar PV Inverters Annual Market Capacity (MW), Germany, 2020–2030
Table 61: Solar PV Inverters Annual Market Value ($M), Germany, 2020–2030
Table 62: Solar PV Modules and Inverters, Germany, Recent Tenders and Contracts
Table 63: Germany, Upcoming Solar PV Projects
Table 64: Solar PV Modules Annual Market Capacity (MW), Italy, 2020–2030
Table 65: Solar PV Modules Annual Market Value ($M), Italy, 2020–2030
Table 66: Solar PV Inverters Annual Market Capacity (MW), Italy, 2020–2030
Table 67: Solar PV Inverters Annual Market Value ($M), Italy, 2020–2030
Table 68: Solar PV Modules and Inverters, Italy, Recent Tenders and Contracts
Table 69: Italy, Upcoming Solar PV Projects
Table 70: Solar PV Modules and Inverters, Abbreviations
List of Figures
Figure 1: Regional Solar PV Modules Market Value ($B), 2024 and 2030
Figure 2: Global Solar PV Inverters Annual Market Capacity (GW), 2024 and 2030
Figure 3: Solar PV System, and its Main Components
Figure 4: Types of Solar PV Inverters Based on Application
Figure 5: Types of Solar PV Inverters Based on System Architecture
Figure 6: Solar PV Modules Annual Market Capacity (GW), Global, 2020–2030
Figure 7: Solar PV Modules Annual Market Value ($B), Global, 2020–2030
Figure 8: Solar PV Inverters Annual Market Capacity (GW), Global, 2020–2030
Figure 9: Solar PV Inverters Annual Market Value ($B), Global, 2020–2030
Figure 10: Solar PV Modules Market, Global Market Share, Crystalline Technology, 2024
Figure 11: Solar PV Modules Market, Global Market Share, Thin-Film Technology, 2024
Figure 12: Solar PV Inverters Market, Global Market Share, 2024
Figure 13: Solar PV Modules Annual Market Capacity (GW), Americas, 2020–2030
Figure 14: Solar PV Modules Annual Market Value ($B), Americas, 2020–2030
Figure 15: Solar PV Inverters Annual Market Capacity (GW), Americas, 2020–2030
Figure 16: Solar PV Inverters Annual Market Value ($B), Americas, 2020–2030
Figure 17: Solar PV Modules Annual Market Capacity (MW), US, 2020–2030
Figure 18: Solar PV Modules Annual Market Value ($M), US, 2020–2030
Figure 19: Solar PV Inverters Annual Market Capacity (MW), US, 2020–2030
Figure 20: Solar PV Inverters Annual Market Value ($M), US, 2020–2030
Figure 21: Solar PV Modules Annual Market Capacity (MW), Brazil, 2020–2030
Figure 22: Solar PV Modules Annual Market Value ($M), Brazil, 2020–2030
Figure 23: Solar PV Inverters Annual Market Capacity (MW), Brazil, 2020–2030
Figure 24: Solar PV Inverters Annual Market Value ($M), Brazil, 2020–2030
Figure 25: Solar PV Modules Annual Market Capacity (GW), Asia-Pacific, 2020–2030
Figure 26: Solar PV Modules Annual Market Value ($B), Asia-Pacific, 2020–2030
Figure 27: Solar PV Inverters Annual Market Capacity (GW), Asia-Pacific, 2020–2030
Figure 28: Solar PV Inverters Annual Market Value ($B), Asia-Pacific, 2020–2030
Figure 29: Solar PV Modules Annual Market Capacity (MW), China, 2020–2030
Figure 30: Solar PV Modules Annual Market Value ($M), China, 2020–2030
Figure 31: Solar PV Inverters Annual Market Capacity (MW), China, 2020–2030
Figure 32: Solar PV Inverters Annual Market Value ($M), China, 2020–2030
Figure 33: Solar PV Modules Annual Market Capacity (MW), India, 2020–2030
Figure 34: Solar PV Modules Annual Market Value ($M), India, 2020–2030
Figure 35: Solar PV Inverters Annual Market Capacity (MW), India, 2020–2030
Figure 36: Solar PV Inverters Annual Market Value ($M), India, 2020–2030
Figure 37: Solar PV Modules Annual Market Capacity (MW), Japan, 2020–2030
Figure 38: Solar PV Modules Annual Market Value ($M), Japan, 2020–2030
Figure 39: Solar PV Inverters Annual Market Capacity (MW), Japan, 2020–2030
Figure 40: Solar PV Inverters Annual Market Value ($M), Japan, 2020–2030
Figure 41: Solar PV Modules Annual Market Capacity (GW), EMEA, 2020–2030
Figure 42: Solar PV Modules Annual Market Value ($B), EMEA, 2020–2030
Figure 43: Solar PV Inverters Annual Market Capacity (GW), EMEA, 2020–2030
Figure 44: Solar PV Inverters Annual Market Value ($B), EMEA, 2020–2030
Figure 45: Solar PV Modules Annual Market Capacity (MW), UK, 2020–2030
Figure 46: Solar PV Modules Annual Market Value ($M), UK, 2020–2030
Figure 47: Solar PV Inverters Annual Market Capacity (MW), UK, 2020–2030
Figure 48: Solar PV Inverters Annual Market Value ($M), UK, 2020–2030
Figure 49: Solar PV Modules Annual Market Capacity (MW), Germany, 2020–2030
Figure 50: Solar PV Modules Annual Market Value ($M), Germany, 2020–2030
Figure 51: Solar PV Inverters Annual Market Capacity (MW), Germany, 2020–2030
Figure 52: Solar PV Inverters Annual Market Value ($M), Germany, 2020–2030
Figure 53: Solar PV Modules Annual Market Capacity (MW), Italy, 2020–2030
Figure 54: Solar PV Modules Annual Market Value ($M), Italy, 2020–2030
Figure 55: Solar PV Inverters Annual Market Capacity (MW), Italy, 2020–2030
Figure 56: Solar PV Inverters Annual Market Value ($M), Italy, 2020–2030

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