The String Inverter Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the String Inverter Market?
The size of the string inverter market has experienced substantial growth recently. The market value is expected to increase from $4.12 billion in 2024 to $4.36 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the String Inverter Industry?
The String Inverter Global Market is projected to reach a size of $5.76 billion in 2029, with a compound annual growth rate (CAGR) of 7.3%.
Download Your Free Sample of the 2025 String Inverter Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the String Inverter Market?
The key drivers in the string inverter market are:
• Achievement of renewable energy targets
• Increase in application areas
• Focus on sustainability and circular economy practices
• Enhanced consumer education and market awareness
• Advancements in smart inverter technologies
Global Market Segmentation: Identifying Major String Inverter Industry Segments
The string inverter market covered in this report is segmented –
1) By Connection Type: On-Grid, Off-Grid
2) By Nominal Output Voltage: = 230 V, 230 - 400 V, 400 - 600 V, > 600 V
3) By Power Rating: Up to 10 kW, 11 kW – 40 kw, 41 kW – 80 kW, Above 80 kW
4) By End Use Industry: Residential, Commercial and Industrial, Utilities
Pre-order the 2025 String Inverter Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the String Inverter Market?
The key trends in the minimally invasive and non invasive product and service market are:
• The development of hybrid inverter solutions is set to shape the market's future.
• Multi-MPPT designs are emerging as a significant trend.
• The incorporation of grid support functions is becoming increasingly prevalent.
• The addition of cybersecurity features to string inverters is a growing trend.
Who Are the Top Competitors & Leading Players in the String Inverter Market?
Major companies in the string inverter market are:
• Chint Group Corp.
• Delta Electronics Inc.
• Sputnik Engineering AG
• Growatt New Energy Technology Co. Ltd.
• Siemens AG
• SMA Technologies AG
• Fimer S.p.A.
• SolarEdge Technologies Ltd.
• Ginlong Technologies Co.
• SolarMax Energy pvt. Ltd.
• Huawei Technologies Co. Ltd.
• ABB Ltd.
• KACO New Energy GmbH
• Ningbo Ginlong Technologies Co. Ltd.
• Fronius International GmbH
• Eaton Corporation Plc
• Altenergy Power System
• Darfon Electronics Corporation
• Sungrow Power Supply Co. Ltd.
• CC Power Electronics Ltd.
• Schneider Electric SE
• Delta Energy Systems Gmbh
• TMEIC Corporation
• Advanced Energy Industries Inc.
• Kostal Solar Electric GmbH
• REFUsol GmbH
• Danfoss Solar Inverters A/S
Regional Dominance: Which Area Leads the Global String Inverter Market?
Asia-Pacific was the largest region in the string inverter market share in 2024
