Large scale investments in sustainable grid integration and favorable government initiatives are the significant drivers of the market.
Market Size – USD 9.97 billion in 2026, Market Growth – CAGR of 3.7% between 2019 and 2026, Market Trends – Rising demand for packaged foods and beverages
The Photovoltaic (PV) Inverter Market is expected to grow to USD 9.97 Billion in 2026, at a CAGR of 3.7%. The global market share of PV inverters will be driven by favorable government initiatives to promote renewable energy and large – scale investments in sustainable grid integration.
Monetary financing and various government schemes, including net metering, feed tariffs to support the creation of innovative projects and the development of advanced technologies, will further increase growth in the industry.
The decreasing cost of solar components and increased operational efficiency have increased solar systems, which in turn will drive the growth of the global photovoltaic inverter market.
The improvement of primitive technologies in conjunction with volume production practices has led to a significant reduction in the overall price of components. In addition, the industry’s landscape will be further enhanced by strict government standards to curb GHG emissions favored by rising electricity demand.
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Major Companies Operating in the industry and profiled in the report are:
- Schneider Electric (France), Panasonic Corp. (Japan),
- Furukawa Battery Co., Ltd. (China),
- REFU Elektronik GmbH (Germany),
- SatCon Technology Corp. (US),
- Delta Group (Taiwan),
- Chint Group Co. Ltd. (China),
- Fronious International GmbH (Austia),
- Emerson Electric (US),
- ABB (Switzerland),
- General Electric (US).
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Market segmentation based on Power Class:
- Single Phase
- Three Phase (≤99 kW)
Market segmentation based on Product:
- Transformer based
- Transformer less
The regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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