Report Outlook
On-grid PV inverters convert DC power from solar panels into AC power for direct feeding into the utility grid. They play a critical role in residential, commercial, and utility solar systems. With net metering and grid modernization policies driving growth, inverters are evolving to include smart grid support and cloud monitoring. The shift to higher efficiency and voltage levels enhances solar project viability globally.The On Grid PV Inverter market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 10.40% during the forecast period. Valued at 8.7Billion, the market is expected to reach 19.3Billion by 2032, with a year-on-year growth rate of .
On Grid PV Inverter Market Size in (USD Billion) CAGR Growth Rate 10.40%
| Study Period | 2020-2032 |
| Market Size (2024): | 8.7Billion |
| Market Size (2032): | 19.3Billion |
| CAGR (2024 - 2032): | 10.40% |
| Fastest Growing Region | North America |
| Dominating Region | Asia-Pacific |
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This market research report provides a thorough analysis of the On Grid PV Inverter, offering a detailed examination of key trends, drivers, and challenges shaping the industry. The report begins with an overview of the market's current landscape, including size, growth potential, and competitive dynamics. It delves into the factors driving market expansion, such as technological innovations and evolving consumer preferences, while also addressing the restraints that may impact growth, including regulatory constraints and economic uncertainties. Through comprehensive data analysis and strategic insights, the report equips stakeholders with the knowledge needed to make informed decisions, identify emerging opportunities, and navigate potential risks. This in-depth analysis is designed to support strategic planning and enhance competitive positioning within the market.
Report Importance
Understanding the future market is essential for investors and existing businesses to make informed decisions and strategic plans. Market reports that offer forecasts and future trends provide critical insights into potential opportunities and challenges that lie ahead. These reports help investors evaluate the long-term viability of their investments by highlighting projected market growth, emerging trends, and potential risks. For existing businesses, such reports offer valuable information on evolving consumer preferences, technological advancements, and competitive dynamics, enabling them to adapt their strategies and remain competitive. By analyzing future market conditions, companies can make proactive decisions, optimize resource allocation, and identify areas for innovation. Ultimately, such reports serve as a strategic tool for planning, risk management, and capitalizing on new growth opportunities, ensuring informed decision-making and sustained business success.
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Competitive landscape
The key players in the On Grid PV Inverter are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as
- Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain)
Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the On Grid PV Inverter, as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the On Grid PV Inverter. Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green chemistry movement, thereby fueling market growth.
Regional Insight
The Asia-Pacific leads the market share, largely due to rising consumption, a growing population, and strong economic momentum that boosts demand. In contrast, the North America is emerging as the fastest-growing area, driven by rapid infrastructure development, the expansion of industrial sectors, and heightened consumer demand, making it a critical factor for future market growth. Regions covered in our report are
This report also splits the market by region:
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Dominating Region
Asia-Pacific
{FASTEST_ROWING_REGION_MAP}
Market Segmentation
:Segmentation by Type
- String inverters
- Central inverters
- Microinverters
- Multi-string
On Grid PV Inverter Market Segmentation by Type
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- Residential PV
- Commercial rooftops
- Utility-scale solar
- Microgrids
- Agriculture PV
On Grid PV Inverter Market Segmentation by Application
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On Grid PV Inverter Market Dynamics
Influencing Trend:
- Smart inverter tech
- grid services (VAR support)
- remote diagnostics
- modular designs
Market Growth Drivers:
- Rooftop Solar Adoption
- utility-scale PV Growth
- net Metering Support
- energy Independence Goals
Challenges:
- Grid Harmonization
- regulatory Testing
- service Life Concerns
- surge Protection Needs
Opportunities:
- AI-optimized Inverter Firmware
- installer Training Programs
- IoT-enabled O&M
- bundled Rooftop Kits
Research Methodology
The research methodology for this involves several key steps to ensure comprehensive and accurate insights. First, the objectives of the research are clearly defined, focusing on aspects such as market size, growth trends, and competitive dynamics. Data collection is conducted through both primary and secondary methods. Primary research includes interviews with industry experts, surveys, and focus groups to gather first-hand information, while secondary research involves analyzing existing reports, government publications, and company filings.
The collected data is then subjected to rigorous analysis, with quantitative methods used to evaluate market size and trends and qualitative methods applied to understand industry dynamics and consumer behavior. Findings are compiled into a detailed report featuring key insights, data visualizations, and strategic recommendations. Validation is achieved through data verification and peer reviews to ensure accuracy.
Finally, the research concludes with actionable insights and recommendations, along with suggestions for future studies to address emerging trends and gaps. This methodology provides a structured approach to understanding the {keywords} and guiding strategic decisions.
Market Segmentation Overview
• Type Segmentation: categorizes products by their specific variants, helping businesses identify demand drivers and innovate effectively.
• Application Segmentation: Divides the market based on product usage across industries, enabling targeted marketing and growth identification.
• Geographic Segmentation: Segments the market by location, allowing for tailored strategies based on regional preferences and economic factors.
• Customer Segmentation: Focuses on demographics like age, gender, and income, enabling personalized marketing and improved customer targeting.
• Distribution Channel Segmentation: categorizes by how products reach customers, optimizing supply chain and sales strategies.
SWOT Analysis
SWOT analysis in the healthcare industry involves a structured assessment of strengths, weaknesses, opportunities, and threats to identify strategic advantages and areas for improvement.
• Strengths: Evaluates internal factors such as advanced technology, skilled personnel, and a strong brand reputation. For example, a hospital with cutting-edge medical equipment and specialized staff is considered to have a strong competitive edge.
• Weaknesses: Identifies internal limitations like outdated facilities, regulatory compliance issues, or high operational costs. Weaknesses could include inefficient processes or lack of innovation.
• Opportunities: Assesses external factors that could drive growth, such as emerging medical technologies, expanding markets, or favorable government policies. Opportunities might involve partnerships or new service lines.
• Threats: Examines external challenges such as increasing competition, changing regulations, or economic downturns. Threats might include new entrants with disruptive technologies or stricter regulatory requirements.
Market Highlights
|
Report Features |
Details |
|
Base Year |
2024 |
|
Based Year Market Size |
8.7Billion |
|
Historical Period |
2020 |
|
CAGR (2023 to 2030) |
10.40% |
|
Forecast Period |
2032 |
|
Forecasted Period Market Size (2030) |
19.3Billion |
|
Scope of the Report |
String inverters,Central inverters,Microinverters,Multi-string, Residential PV,Commercial rooftops,Utility-scale solar,Microgrids,Agriculture PV, Sales Channel |
|
Regions Covered |
North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
|
Companies Covered |
Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain) |
|
Customization Scope |
15% Free Customization (For EG) |
|
Delivery Format |
PDF and Excel through Email |
On Grid PV Inverter - Table of Contents
Chapter 1: Market Preface
- 1.1 Global On Grid PV Inverter Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global On Grid PV Inverter Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global On Grid PV Inverter Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Rooftop solar adoption
- 3.1.2 utility-scale PV growth
- 3.1.3 net metering support
- 3.1.4 energy independence goals
-
3.2 Available Opportunities
- 3.2.1 AI-optimized inverter firmware
- 3.2.2 installer training programs
- 3.2.3 IoT-enab
-
3.3 Influencing Trends
- 3.3.1 Smart inverter tech
- 3.3.2 grid services (VAR support)
- 3.3.3 remote diagnostics
- 3.3.4
-
3.4 Challenges
- 3.4.1 Grid harmonization
- 3.4.2 regulatory testing
- 3.4.3 service life concerns
- 3.4.4 surge p
- 3.5 Regional Dynamics
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Chapter 4 : Global On Grid PV Inverter Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of On Grid PV Inverter Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: On Grid PV Inverter : Competition Benchmarking & Performance Evaluation
- 5.1 Global On Grid PV Inverter Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by On Grid PV Inverter Revenue 2024
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 5C’s Analysis
- 5.5 Ansoff Matrix
Chapter 6: Global On Grid PV Inverter Market: Company Profiles
- 6.1 Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain)
- 6.1.1 Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain) Company Overview
- 6.1.2 Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain) Product/Service Portfolio & Specifications
- 6.1.3 Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain) Key Financial Metrics
- 6.1.4 Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain) SWOT Analysis
- 6.1.5 Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain) Development Activities
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Sectional Purchase
Chapter 7 : Global On Grid PV Inverter by Type & Application (2020-2032)
-
7.1 Global On Grid PV Inverter Market Revenue Analysis (USD Million) by Type (2020-2024)
- 7.1.1 String Inverters
- 7.1.2 Central Inverters
- 7.1.3 Microinverters
- 7.1.4 Multi-string
- 7.1.5 Three-phase Inverters
-
7.2 Global On Grid PV Inverter Market Revenue Analysis (USD Million) by Application (2020-2024)
- 7.2.1 Residential PV
- 7.2.2 Commercial Rooftops
- 7.2.3 Utility-scale Solar
- 7.2.4 Microgrids
- 7.2.5 Agriculture PV
- 7.3 Global On Grid PV Inverter Market Revenue Analysis (USD Million) by Type (2024-2032)
- 7.4 Global On Grid PV Inverter Market Revenue Analysis (USD Million) by Application (2024-2032)
Chapter 8 : North America On Grid PV Inverter Market Breakdown by Country, Type & Application
- 8.1 North America On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 8.2.1 String Inverters
- 8.2.2 Central Inverters
- 8.2.3 Microinverters
- 8.2.4 Multi-string
- 8.2.5 Three-phase Inverters
-
8.3 North America On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 8.3.1 Residential PV
- 8.3.2 Commercial Rooftops
- 8.3.3 Utility-scale Solar
- 8.3.4 Microgrids
- 8.3.5 Agriculture PV
- 8.4 North America On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 8.5 North America On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 8.6 North America On Grid PV Inverter Market by Application (USD Million) [2025-2032]
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Chapter 9 : LATAM On Grid PV Inverter Market Breakdown by Country, Type & Application
- 9.1 LATAM On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 9.2.1 String Inverters
- 9.2.2 Central Inverters
- 9.2.3 Microinverters
- 9.2.4 Multi-string
- 9.2.5 Three-phase Inverters
-
9.3 LATAM On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 9.3.1 Residential PV
- 9.3.2 Commercial Rooftops
- 9.3.3 Utility-scale Solar
- 9.3.4 Microgrids
- 9.3.5 Agriculture PV
- 9.4 LATAM On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 9.5 LATAM On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 9.6 LATAM On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 10 : West Europe On Grid PV Inverter Market Breakdown by Country, Type & Application
- 10.1 West Europe On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 10.2.1 String Inverters
- 10.2.2 Central Inverters
- 10.2.3 Microinverters
- 10.2.4 Multi-string
- 10.2.5 Three-phase Inverters
-
10.3 West Europe On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 10.3.1 Residential PV
- 10.3.2 Commercial Rooftops
- 10.3.3 Utility-scale Solar
- 10.3.4 Microgrids
- 10.3.5 Agriculture PV
- 10.4 West Europe On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 10.5 West Europe On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 10.6 West Europe On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 11 : Central & Eastern Europe On Grid PV Inverter Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 11.2.1 String Inverters
- 11.2.2 Central Inverters
- 11.2.3 Microinverters
- 11.2.4 Multi-string
- 11.2.5 Three-phase Inverters
-
11.3 Central & Eastern Europe On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 11.3.1 Residential PV
- 11.3.2 Commercial Rooftops
- 11.3.3 Utility-scale Solar
- 11.3.4 Microgrids
- 11.3.5 Agriculture PV
- 11.4 Central & Eastern Europe On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 11.5 Central & Eastern Europe On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 11.6 Central & Eastern Europe On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 12 : Northern Europe On Grid PV Inverter Market Breakdown by Country, Type & Application
- 12.1 Northern Europe On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 12.2.1 String Inverters
- 12.2.2 Central Inverters
- 12.2.3 Microinverters
- 12.2.4 Multi-string
- 12.2.5 Three-phase Inverters
-
12.3 Northern Europe On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 12.3.1 Residential PV
- 12.3.2 Commercial Rooftops
- 12.3.3 Utility-scale Solar
- 12.3.4 Microgrids
- 12.3.5 Agriculture PV
- 12.4 Northern Europe On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 12.5 Northern Europe On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 12.6 Northern Europe On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 13 : Southern Europe On Grid PV Inverter Market Breakdown by Country, Type & Application
- 13.1 Southern Europe On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 13.2.1 String Inverters
- 13.2.2 Central Inverters
- 13.2.3 Microinverters
- 13.2.4 Multi-string
- 13.2.5 Three-phase Inverters
-
13.3 Southern Europe On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 13.3.1 Residential PV
- 13.3.2 Commercial Rooftops
- 13.3.3 Utility-scale Solar
- 13.3.4 Microgrids
- 13.3.5 Agriculture PV
- 13.4 Southern Europe On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 13.5 Southern Europe On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 13.6 Southern Europe On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 14 : East Asia On Grid PV Inverter Market Breakdown by Country, Type & Application
- 14.1 East Asia On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 14.2.1 String Inverters
- 14.2.2 Central Inverters
- 14.2.3 Microinverters
- 14.2.4 Multi-string
- 14.2.5 Three-phase Inverters
-
14.3 East Asia On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 14.3.1 Residential PV
- 14.3.2 Commercial Rooftops
- 14.3.3 Utility-scale Solar
- 14.3.4 Microgrids
- 14.3.5 Agriculture PV
- 14.4 East Asia On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 14.5 East Asia On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 14.6 East Asia On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 15 : Southeast Asia On Grid PV Inverter Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 15.2.1 String Inverters
- 15.2.2 Central Inverters
- 15.2.3 Microinverters
- 15.2.4 Multi-string
- 15.2.5 Three-phase Inverters
-
15.3 Southeast Asia On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 15.3.1 Residential PV
- 15.3.2 Commercial Rooftops
- 15.3.3 Utility-scale Solar
- 15.3.4 Microgrids
- 15.3.5 Agriculture PV
- 15.4 Southeast Asia On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 15.5 Southeast Asia On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 15.6 Southeast Asia On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 16 : South Asia On Grid PV Inverter Market Breakdown by Country, Type & Application
- 16.1 South Asia On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 16.2.1 String Inverters
- 16.2.2 Central Inverters
- 16.2.3 Microinverters
- 16.2.4 Multi-string
- 16.2.5 Three-phase Inverters
-
16.3 South Asia On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 16.3.1 Residential PV
- 16.3.2 Commercial Rooftops
- 16.3.3 Utility-scale Solar
- 16.3.4 Microgrids
- 16.3.5 Agriculture PV
- 16.4 South Asia On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 16.5 South Asia On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 16.6 South Asia On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 17 : Central Asia On Grid PV Inverter Market Breakdown by Country, Type & Application
- 17.1 Central Asia On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 17.2.1 String Inverters
- 17.2.2 Central Inverters
- 17.2.3 Microinverters
- 17.2.4 Multi-string
- 17.2.5 Three-phase Inverters
-
17.3 Central Asia On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 17.3.1 Residential PV
- 17.3.2 Commercial Rooftops
- 17.3.3 Utility-scale Solar
- 17.3.4 Microgrids
- 17.3.5 Agriculture PV
- 17.4 Central Asia On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 17.5 Central Asia On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 17.6 Central Asia On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 18 : Oceania On Grid PV Inverter Market Breakdown by Country, Type & Application
- 18.1 Oceania On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 18.2.1 String Inverters
- 18.2.2 Central Inverters
- 18.2.3 Microinverters
- 18.2.4 Multi-string
- 18.2.5 Three-phase Inverters
-
18.3 Oceania On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 18.3.1 Residential PV
- 18.3.2 Commercial Rooftops
- 18.3.3 Utility-scale Solar
- 18.3.4 Microgrids
- 18.3.5 Agriculture PV
- 18.4 Oceania On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 18.5 Oceania On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 18.6 Oceania On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 19 : MEA On Grid PV Inverter Market Breakdown by Country, Type & Application
- 19.1 MEA On Grid PV Inverter Market by Country (USD Million) [2020-2024]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA On Grid PV Inverter Market by Type (USD Million) [2020-2024]
- 19.2.1 String Inverters
- 19.2.2 Central Inverters
- 19.2.3 Microinverters
- 19.2.4 Multi-string
- 19.2.5 Three-phase Inverters
-
19.3 MEA On Grid PV Inverter Market by Application (USD Million) [2020-2024]
- 19.3.1 Residential PV
- 19.3.2 Commercial Rooftops
- 19.3.3 Utility-scale Solar
- 19.3.4 Microgrids
- 19.3.5 Agriculture PV
- 19.4 MEA On Grid PV Inverter Market by Country (USD Million) [2025-2032]
- 19.5 MEA On Grid PV Inverter Market by Type (USD Million) [2025-2032]
- 19.6 MEA On Grid PV Inverter Market by Application (USD Million) [2025-2032]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
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21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global On Grid PV Inverter market size surpassed 8.7 Billion in 2024 and will expand at a CAGR of 10.40% between 2024 and 2032.
The On Grid PV Inverter Market is growing at a CAGR of 10.40% over the forecasted period 2024 - 2032.
The changing dynamics and trends such as Smart Inverter Tech,grid Services (VAR Support),remote Diagnostics,modular Designs,hybrid Inverter Units are seen as major Game Changer in Global On Grid PV Inverter Market.
The leaders in the Global On Grid PV Inverter Market such as Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain) are targeting innovative and differentiated growth drivers some of them are Rooftop Solar Adoption,utility-scale PV Growth,net Metering Support,energy Independence Goals,inverter Cost Decline
Business transformation in On Grid PV Inverter Market has taken hold due to the confluence of several important triggers, some of them are Grid Harmonization,regulatory Testing,service Life Concerns,surge Protection Needs,cyber Threats.
Some of the opportunities that Analyst at HTF MI have identified in On Grid PV Inverter Market are:
- AI-optimized Inverter Firmware
- installer Training Programs
- IoT-enabled O&M
- bundled Rooftop Kits
- residential VPP Integration
New entrants, including competitors from unrelated industries along with players such as Huawei (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Fronius International (Austria), ABB (Switzerland), Schneider Electric (France), Delta Electronics (Taiwan), Growatt (China), Enphase Energy (USA), TMEIC (Japan), KACO New Energy (Germany), Solis (China), GoodWe (China), Ginlong Technologies (China), Ingeteam (Spain) Instituting a robust process in Global On Grid PV Inverter Market.
The Global On Grid PV Inverter Market Study is Broken down by applications such as Residential PV,Commercial rooftops,Utility-scale solar,Microgrids,Agriculture PV.
The Global On Grid PV Inverter Market Study is segmented by String inverters,Central inverters,Microinverters,Multi-string,Three-phase inverters.
The Global On Grid PV Inverter Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2020 - 2024; Base year: 2024; Forecast period: 2025 to 2032
On-grid PV inverters convert DC power from solar panels into AC power for direct feeding into the utility grid. They play a critical role in residential, commercial, and utility solar systems. With net metering and grid modernization policies driving growth, inverters are evolving to include smart grid support and cloud monitoring. The shift to higher efficiency and voltage levels enhances solar project viability globally.
