Solar Inverter Market Report 2021 and Future Outlook

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The global solar inverter market size was accounted at US$ 8.12 billion in 2021 and it is expected to hit around US$ 16.88 billion by 2030 with a CAGR of 8.5% from 2022 to 2030.

Solar buyers continue to gravitate to the top manufacturers in terms of market share, according to new global rankings released by Wood Mackenzie. Global top 10 solar photovoltaic (PV) inverter vendors shored up 82% of market share in 2021, increasing by 2 percentage points compared to 2020.

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Some of the prominent players in the Solar Inverter Market include:

By Product Type

By Connection

By Phase

By End User

By Nominal Power Output

By Nominal Output Voltage

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