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PV Inverter Market Share

Report ID: GMI234
Published Date: Aug 2023
Report Format: PDF

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PV Inverter Market Share

The major companies operating in the PV inverter market includes

General Electric
SMA Solar Technology AG
Sungrow
Growatt New Energy
Darfon Electronics Corp.
Schneider Electric
Enphase Energy
Siemens
Fimer Group
Eaton
SolarEdge Technologies, Inc.
Huawei Technologies Co., Ltd.
Fronius International GmbH
Delta Electronics, Inc.
Altenergy Power System, Inc.
Hitachi Hi-Rel Power Electronics Private Limited
TMEIC
Sineng Electric Co., Ltd.
Tabuchi Electric Co., Ltd.
Canadian Solar
Panasonic Corporation
Ginlong Technologies
GoodWe
SHENZHEN SOFARSOLAR CO., LTD.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of PV inverter recorded USD 13.32 billion in 2023 and is set to reach USD 24.17 billion by 2032, due to rising demand for clean and sustainable energy sources along with the growing concerns regarding harmful GHG emissions worldwide.

The string product segment was values at USD 13.9 billion in 2022, on account of its flexibility and shading tolerance.

Asia-Pacific market reached USD 10.5 billion in 2022, owing to the stringent environmental regulations in the region.

SMA Solar Technology AG, Sungrow, Growatt New Energy, Darfon Electronics Corp., Schneider Electric, Enphase Energy, Siemens, Fimer Group, Eaton, SolarEdge Technologies, Inc., and Huawei Technologies Co., Ltd. are some of the major PV inverter companies worldwide.