The global solar inverter market size was exhibited at USD 10.34 billion in 2023 and is projected to hit around USD 22.95 billion by 2033, growing at a CAGR of 8.3% during the forecast period
The Solar PV Inverters Market grew from USD 10.31 billion in 2024 to USD 11.44 billion in 2025. It is expected to continue growing at a CAGR of
The development of smart cities and renewable-powered communities is creating more opportunities for inverter installations. Growth in commercial and industrial sectors is
The Solar Inverter market is anticipated to grow from USD 12,729.5 million in 2025 to USD 23,661.6 million by 2030 with a CAGR of 13.20% during 2025-2030.
The global PV inverter market was valued at USD 34.6 billion in 2024 and is estimated to grow at a CAGR of 9.5% from 2025 to 2034. The paradigm shift toward the integration of renewable
Asia Pacific dominated the global solar inverter market with the largest market share of 43% in 2024. North America is projected to
The Global Solar Inverter Market size was valued at USD 4.04 Billion in 2024 and is projected to reach USD 4.17 Billion in 2025 and further expand to USD 5.39 Billion by 2033, exhibiting a
The Solar PV Inverters Market grew from USD 10.31 billion in 2024 to USD 11.44 billion in 2025. It is expected to continue growing at a CAGR of 11.81%, reaching USD 25.20 billion by 2032.
By 2035, the market is expected to reach USD 14.45 Billion. The rapid global shift towards renewable energy sources is one of the key solar PV
The Solar PV Inverters Market size is estimated at USD 14.27 billion in 2025, and is expected to reach USD 19.89 billion by 2030, at a CAGR of 6.87% during the forecast period
By 2035, the market is expected to reach USD 14.45 Billion. The rapid global shift towards renewable energy sources is one of the key solar PV inverter market trends. According to
Asia Pacific dominated the global solar inverter market with the largest market share of 43% in 2024. North America is projected to expand at the notable CAGR during the
Solar PV Inverters Market in North AmericaSolar PV Inverters Market in EuropeSolar PV Inverters Market in Asia-PacificSolar PV Inverters Market in South AmericaSolar PV Inverters Market in Middle East & AfricaThe European solar PV inverters market has demonstrated steady growth with an approximate 3% CAGR from 2019 to 2024, driven by the region''s ambitious renewable energy targets and commitment to carbon neutrality. The market is characterized by sophisticated technological requirements and high-quality standards, particularly in countries like Germany...See more on mordorintelligence
The global PV inverter market was valued at USD 34.6 billion in 2024 and is estimated to grow at a CAGR of 9.5% from 2025 to 2034. The paradigm shift toward the integration of renewable
The global solar inverter market size valued at approximately USD 12.6 billion in 2024 and is expected to reach USD 35.4 billion by 2033, growing at a compound annual
The global solar inverter market size was exhibited at USD 10.34 billion in 2023 and is projected to hit around USD 22.95 billion by 2033, growing at
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