Global Pv Inverter Market Size & Outlook, 2023-2030
Global pv inverter market, 2018-2030 (US$M)
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Global pv inverter market highlights
- The global pv inverter market generated a revenue of USD 13,088.5 million in 2023 and is expected to reach USD 41,869.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.1% by 2030.
- In terms of segment, string pv inverter accounted for a revenue of USD 6,164.3 million in 2023.
- Micro PV inverter is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 13,088.5 million |
| Market revenue in 2030 | USD 41,869.7 million |
| Growth rate | 18.1% (CAGR from 2023 to 2030) |
| Largest segment | String pv inverter |
| Fastest growing segment | Micro PV inverter |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | String PV inverter, Central PV inverter, Micro PV inverter, Other |
Other key industry trends
- In terms of revenue, the North America accounted for 24.0% of the global pv inverter market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,044.5 million by 2030.
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PV Inverter Market Scope
PV Inverter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global pv inverter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pv inverter market will help companies and investors design strategic landscapes.
String pv inverter was the largest segment with a revenue share of 47.1% in 2023. Horizon Databook has segmented the Global pv inverter market based on string pv inverter, central pv inverter, micro pv inverter, other covering the revenue growth of each sub-segment from 2018 to 2030.
- Global PV Inverter Product Outlook (Revenue, USD Million, 2018-2030)
- String PV inverter
- Central PV inverter
- Micro PV inverter
- Other
- Global PV Inverter End Use Outlook (Revenue, USD Million, 2018-2030)
- Commercial & Industrial
- Utilities
- Residential
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Target buyers of Global pv inverter market databook
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Our clientele includes a mix of pv inverter market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global pv inverter market , including forecasts for subscribers. This global databook contains high-level insights into Global pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Pv inverter market: Opportunity assessment by country
Global pv inverter market, by region, 2023 (US$M)
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