What is the global market size of Inverters Market?

Inverters Market size was valued at USD 14.80 Billion in 2021 and is poised to grow from USD 17.17 Billion in 2022 to USD 56.28 Billion by 2030, at a CAGR of 16% during the forecast period (2023-2030).

Top Inverters Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Inverters Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Inverters industry players.

Inverters Market Competitive Landscape

Inverters Market Top Player’s Company Profiles

SMA Solar Technology AG (Germany)

ABB Ltd. (Switzerland)

Huawei Technologies Co. Ltd. (China)

Siemens AG (Germany)

Schneider Electric SE (France)

Enphase Energy Inc. (US)

TMEIC Corporation (Japan)

Omron Corporation (Japan)

Delta Electronics Inc. (Taiwan)

SolarEdge Technologies Inc. (Israel)

KACO new energy GmbH (Germany)

Sungrow Power Supply Co. Ltd. (China)

Fronius International GmbH (Austria)

Mitsubishi Electric Corporation (Japan)

Power-One Inc. (US)

Advanced Energy Industries Inc. (US)

Growatt New Energy Technology Co. Ltd. (China)

Hitachi Hi-Rel Power Electronics Pvt. Ltd. (India)

Tabuchi Electric Co. Ltd. (Japan)

Yaskawa Electric Corporation (Japan)

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FAQs

Global Inverters Market size was valued at USD 18.74 Billion in 2024 and is poised to grow from USD 21.68 Billion in 2025 to USD 69.63 Billion by 2033, growing at a CAGR of 15.7% during the forecast period (2026–2033).

The global inverters market is highly competitive, with a large number of players operating in the market. Companies are investing heavily in R&D to develop innovative products that are more efficient and cost-effective. For example, Enphase Energy has developed microinverters that are designed to optimize the output of individual solar panels, which can improve the overall efficiency of the system. Another trend in the competitive landscape is the increasing focus on partnerships and collaborations. The inverter market is expected to continue to grow in the coming years, driven by the increasing demand for renewable energy sources and the adoption of electric vehicles. The market is likely to remain highly competitive, with companies focusing on developing technologically advanced products, forming partnerships and collaborations, and engaging in mergers and acquisitions to strengthen their position in the market. 'Mitsubishi Electric (Japan) ', 'Sungrow (China) ', 'SMA Solar Technology (Germany) ', 'Daikin (Japan) ', 'Enphase Energy (United States) ', 'ABB (Switzerland) ', 'Schneider Electric (France) ', 'Siemens (Germany) ', 'Huawei (China) ', 'Delta Electronics (Taiwan) ', 'Fronius International (Austria) ', 'Power Electronics (Spain) ', 'Eaton Corporation (Ireland) ', 'Hitachi (Japan) ', 'TMEIC (Japan) ', 'Yaskawa Electric (Japan) ', 'KACO new energy (Germany) ', 'Ginlong Technologies (China) ', 'GoodWe (China) ', 'Growatt (China)'

The increasing demand for clean and sustainable energy sources is driving the growth of the inverter market. Inverters play a crucial role in converting DC power generated from renewable sources such as solar panels into AC power that can be used in households or fed back into the grid. The increasing adoption of solar power systems and wind turbines is expected to fuel the demand for inverters in the coming years.

Increasing adoption of renewable energy sources: the growing awareness about the negative impact of fossil fuels on the environment, there is a rising demand for renewable energy sources such as solar and wind energy. Inverters are essential components in renewable energy systems as they convert the direct current (DC) generated by these sources into alternating current (AC) that can be used to power homes and businesses.

In 2022, Asia Pacific is the dominating region in the global inverter market, accounting for a major share of the market revenue. The region is home to several emerging economies such as China and India, which are witnessing significant growth in their renewable energy sectors. The increasing adoption of solar power systems and the growing demand for electric vehicles in the region are also contributing to the growth of the inverter market. In addition, favorable government policies and incentives are driving the adoption of renewable energy sources in the region, further fueling the demand for inverters.

Top Inverters Companies

Inverters Market Competitive Landscape

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