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Commercial & Industrial On Grid PV Inverter Market Share

Report ID: GMI12545
Published Date: Dec 2024
Report Format: PDF

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Commercial & Industrial On Grid PV Inverter Market Share

Commercial & Industrial On Grid PV Inverter Company Market Share

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Eminent players are expanding their offerings to address diverse commercial & industrial needs by introducing higher capacity inverters for large-scale commercial facilities and developing modular solutions for businesses with varying energy requirements, ensuring scalability. Key players are collaborating with stakeholders and grid operators across the solar value chain to streamline project execution and ensure compliance with local regulations and smooth system integration. Furthermore, players are targeting emerging markets with growing industrialization, particularly in Asia Pacific, Latin America, and Africa to reduce logistics costs and comply with region-specific policies.

Commercial & Industrial On Grid PV Inverter Market Companies

Eminent players operating in the commercial & industrial on grid PV inverter industry are:

Delta Electronics
Fronius International
GoodWe
Growatt New Energy Technology
Huawei Technologies
SMA Solar Technology
Sungrow Power Supply
Solaredge Technologies
Solis Inverters
V-Guard Industries

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market for commercial and industrial on-grid PV inverters was reached USD 7.6 billion in 2024 and is estimated to grow at a 12.9% CAGR from 2025 to 2034, driven by rising energy costs and regulatory support.

The central inverter segment is anticipated to exceed USD 13.5 billion by 2034, due to its ability to manage centralized power conversion, reducing the complexity of large-scale installations.

The > 600 V segment is set to grow at a CAGR of over 13% by 2034, driven by increased demand for high voltage applications that enable efficient power transmission over longer distances.

The U.S. market is projected to exceed USD 4.2 billion by 2034, led by rising energy prices and frequent grid disruptions due to extreme weather events.

Key players in the industry include Delta Electronics, Fronius International, GoodWe, Growatt New Energy Technology, Huawei Technologies, SMA Solar Technology, Sungrow Power Supply, Solaredge Technologies, Solis Inverters, and V-Guard Industries.