Industry: Machinery & Equipment
Published Date: 2025-11-09
Pages: 95 Pages
Report ld: 3603178
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Solar Grid Connected Inverter Market Size(US$)

CAGR 2025-2031
5.4%
Market Size,2031
USD 72.1
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Solar Grid Connected Inverter market size was US$ 50.1 million in 2024 and is forecast to a readjusted size of US$ 72.1 million by 2031 with a CAGR of 5.4% during the forecast period 2025-2031.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on Solar Grid Connected Inverter market competitiveness, regional economic performance, and supply chain configurations.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China"s photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan"s newly installed photovoltaic capacity was 3.399 GW.
The global Solar Grid Connected Inverter market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Solar Grid Connected Inverter market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., String Inverter in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Industrial in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Solar Grid Connected Inverter value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Solar Grid Connected Inverter Product Scope
1.2 Solar Grid Connected Inverter by Type
1.2.1 Global Solar Grid Connected Inverter Sales by Type (2020 & 2024 & 2031)
1.2.2 Centralized Inverter
1.2.3 String Inverter
1.2.4 Others
1.3 Solar Grid Connected Inverter by Application
1.3.1 Global Solar Grid Connected Inverter Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Home
1.3.3 Industrial
1.3.4 Others
1.4 Global Solar Grid Connected Inverter Market Estimates and Forecasts (2020-2031)
1.4.1 Global Solar Grid Connected Inverter Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Solar Grid Connected Inverter Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Solar Grid Connected Inverter Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Solar Grid Connected Inverter Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Solar Grid Connected Inverter Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Solar Grid Connected Inverter Sales Market Share by Region (2020-2025)
2.2.2 Global Solar Grid Connected Inverter Revenue Market Share by Region (2020-2025)
2.3 Global Solar Grid Connected Inverter Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Solar Grid Connected Inverter Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Solar Grid Connected Inverter Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Solar Grid Connected Inverter Market Size and Prospective (2020-2031)
2.4.2 Europe Solar Grid Connected Inverter Market Size and Prospective (2020-2031)
2.4.3 China Solar Grid Connected Inverter Market Size and Prospective (2020-2031)
2.4.4 Japan Solar Grid Connected Inverter Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Solar Grid Connected Inverter Historic Market Review by Type (2020-2025)
3.1.1 Global Solar Grid Connected Inverter Sales by Type (2020-2025)
3.1.2 Global Solar Grid Connected Inverter Revenue by Type (2020-2025)
3.1.3 Global Solar Grid Connected Inverter Price by Type (2020-2025)
3.2 Global Solar Grid Connected Inverter Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Solar Grid Connected Inverter Sales Forecast by Type (2026-2031)
3.2.2 Global Solar Grid Connected Inverter Revenue Forecast by Type (2026-2031)
3.2.3 Global Solar Grid Connected Inverter Price Forecast by Type (2026-2031)
3.3 Different Types Solar Grid Connected Inverter Representative Players
4 Global Market Size by Application
4.1 Global Solar Grid Connected Inverter Historic Market Review by Application (2020-2025)
4.1.1 Global Solar Grid Connected Inverter Sales by Application (2020-2025)
4.1.2 Global Solar Grid Connected Inverter Revenue by Application (2020-2025)
4.1.3 Global Solar Grid Connected Inverter Price by Application (2020-2025)
4.2 Global Solar Grid Connected Inverter Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Solar Grid Connected Inverter Sales Forecast by Application (2026-2031)
4.2.2 Global Solar Grid Connected Inverter Revenue Forecast by Application (2026-2031)
4.2.3 Global Solar Grid Connected Inverter Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Solar Grid Connected Inverter Application
5 Competition Landscape by Players
5.1 Global Solar Grid Connected Inverter Sales by Players (2020-2025)
5.2 Global Top Solar Grid Connected Inverter Players by Revenue (2020-2025)
5.3 Global Solar Grid Connected Inverter Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Solar Grid Connected Inverter as of 2024)
5.4 Global Solar Grid Connected Inverter Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Solar Grid Connected Inverter, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Solar Grid Connected Inverter, Product Type & Application
5.7 Global Key Manufacturers of Solar Grid Connected Inverter, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Solar Grid Connected Inverter Sales by Company
6.1.1.1 North America Solar Grid Connected Inverter Sales by Company (2020-2025)
6.1.1.2 North America Solar Grid Connected Inverter Revenue by Company (2020-2025)
6.1.2 North America Solar Grid Connected Inverter Sales Breakdown by Type (2020-2025)
6.1.3 North America Solar Grid Connected Inverter Sales Breakdown by Application (2020-2025)
6.1.4 North America Solar Grid Connected Inverter Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Solar Grid Connected Inverter Sales by Company
6.2.1.1 Europe Solar Grid Connected Inverter Sales by Company (2020-2025)
6.2.1.2 Europe Solar Grid Connected Inverter Revenue by Company (2020-2025)
6.2.2 Europe Solar Grid Connected Inverter Sales Breakdown by Type (2020-2025)
6.2.3 Europe Solar Grid Connected Inverter Sales Breakdown by Application (2020-2025)
6.2.4 Europe Solar Grid Connected Inverter Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Solar Grid Connected Inverter Sales by Company
6.3.1.1 China Solar Grid Connected Inverter Sales by Company (2020-2025)
6.3.1.2 China Solar Grid Connected Inverter Revenue by Company (2020-2025)
6.3.2 China Solar Grid Connected Inverter Sales Breakdown by Type (2020-2025)
6.3.3 China Solar Grid Connected Inverter Sales Breakdown by Application (2020-2025)
6.3.4 China Solar Grid Connected Inverter Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Solar Grid Connected Inverter Sales by Company
6.4.1.1 Japan Solar Grid Connected Inverter Sales by Company (2020-2025)
6.4.1.2 Japan Solar Grid Connected Inverter Revenue by Company (2020-2025)
6.4.2 Japan Solar Grid Connected Inverter Sales Breakdown by Type (2020-2025)
6.4.3 Japan Solar Grid Connected Inverter Sales Breakdown by Application (2020-2025)
6.4.4 Japan Solar Grid Connected Inverter Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Huawei
7.1.1 Huawei Company Information
7.1.2 Huawei Business Overview
7.1.3 Huawei Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Huawei Solar Grid Connected Inverter Products Offered
7.1.5 Huawei Recent Development
7.2 Sungrow Power Supply
7.2.1 Sungrow Power Supply Company Information
7.2.2 Sungrow Power Supply Business Overview
7.2.3 Sungrow Power Supply Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Sungrow Power Supply Solar Grid Connected Inverter Products Offered
7.2.5 Sungrow Power Supply Recent Development
7.3 SMA Solar Technology AG
7.3.1 SMA Solar Technology AG Company Information
7.3.2 SMA Solar Technology AG Business Overview
7.3.3 SMA Solar Technology AG Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.3.4 SMA Solar Technology AG Solar Grid Connected Inverter Products Offered
7.3.5 SMA Solar Technology AG Recent Development
7.4 Power Electronics
7.4.1 Power Electronics Company Information
7.4.2 Power Electronics Business Overview
7.4.3 Power Electronics Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Power Electronics Solar Grid Connected Inverter Products Offered
7.4.5 Power Electronics Recent Development
7.5 FIMER
7.5.1 FIMER Company Information
7.5.2 FIMER Business Overview
7.5.3 FIMER Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.5.4 FIMER Solar Grid Connected Inverter Products Offered
7.5.5 FIMER Recent Development
7.6 TMEIC
7.6.1 TMEIC Company Information
7.6.2 TMEIC Business Overview
7.6.3 TMEIC Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.6.4 TMEIC Solar Grid Connected Inverter Products Offered
7.6.5 TMEIC Recent Development
7.7 Ginlong Technologies
7.7.1 Ginlong Technologies Company Information
7.7.2 Ginlong Technologies Business Overview
7.7.3 Ginlong Technologies Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Ginlong Technologies Solar Grid Connected Inverter Products Offered
7.7.5 Ginlong Technologies Recent Development
7.8 Growatt New Energy
7.8.1 Growatt New Energy Company Information
7.8.2 Growatt New Energy Business Overview
7.8.3 Growatt New Energy Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Growatt New Energy Solar Grid Connected Inverter Products Offered
7.8.5 Growatt New Energy Recent Development
7.9 SolarEdge Technologies
7.9.1 SolarEdge Technologies Company Information
7.9.2 SolarEdge Technologies Business Overview
7.9.3 SolarEdge Technologies Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.9.4 SolarEdge Technologies Solar Grid Connected Inverter Products Offered
7.9.5 SolarEdge Technologies Recent Development
7.10 Sineng Electric
7.10.1 Sineng Electric Company Information
7.10.2 Sineng Electric Business Overview
7.10.3 Sineng Electric Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Sineng Electric Solar Grid Connected Inverter Products Offered
7.10.5 Sineng Electric Recent Development
7.11 ABB
7.11.1 ABB Company Information
7.11.2 ABB Business Overview
7.11.3 ABB Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.11.4 ABB Solar Grid Connected Inverter Products Offered
7.11.5 ABB Recent Development
7.12 Dasstech
7.12.1 Dasstech Company Information
7.12.2 Dasstech Business Overview
7.12.3 Dasstech Solar Grid Connected Inverter Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Dasstech Solar Grid Connected Inverter Products Offered
7.12.5 Dasstech Recent Development
8 Solar Grid Connected Inverter Manufacturing Cost Analysis
8.1 Solar Grid Connected Inverter Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Solar Grid Connected Inverter
8.4 Solar Grid Connected Inverter Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Solar Grid Connected Inverter Distributors List
9.3 Solar Grid Connected Inverter Customers
10 Solar Grid Connected Inverter Market Dynamics
10.1 Solar Grid Connected Inverter Industry Trends
10.2 Solar Grid Connected Inverter Market Drivers
10.3 Solar Grid Connected Inverter Market Challenges
10.4 Solar Grid Connected Inverter Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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