Photovoltaic inverter enterprises in 2025

What is the global PV inverter market share?

A growing number of solar installations in developing nations has also significantly contributed to growth of market in the region. Europe: The PV Inverter Market in Europe holds 10% share in the market and the presence of major players in the region. Figure 1. Global PV Inverter Market Share (%), By Region, 2025

Why is the US PV inverter market growing?

The increasing demand for hybrid solar inverters, solar panel installation, and government subsidies propel the United States PV inverter market growth. Growing consumer preferences, urbanization, and large enterprises are further bolstering the market in the country.

How much does a 5kw solar inverter cost in 2025?

The price of a 5kW solar inverter in 2025 is estimated to range between $1,500 and $2,500, depending on the brand and features. The solar inverter industry is critical in the global transition toward renewable energy. With solar power adoption on the rise, the top solar inverter

What is the future of PV inverter?

Medium Term (2026 to 2029): Growing adoption of PV inverter to provide sustainable, clean, and renewable energy is driving the market expansion. Long Term (2029 to 2033): Rising investment, key companies, government initiatives, and innovations are expanding the market opportunities.

What is the value of PV inverter market in 2023?

The PV inverter market is predicted to capture a valuation of USD 1.5 billion in 2023, and is rising to USD 2.8 billion by 2033. The market is estimated at a CAGR of 6.4% during the forecast period. Factors influencing the market growth are:

What are the market trends for solar inverters?

The growing production of meticulous and renewable energy plants in various developing and developed countries to reduce the carbon footprint is increasing market trends. Rising government schemes, such as FiTs (Feed-in Tariffs) to increase the installation of solar inverters, are enhancing the market trend.