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Commercial & Industrial PV Inverter Market Share

Report ID: GMI9467
Published Date: May 2024
Report Format: PDF

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Commercial & Industrial PV Inverter Market Share

Commercial & Industrial PV Inverter Company Market Share

Eminent players are investing in research and development to introduce innovative products including developing next generation inverters with high efficiency, improved reliability, and advanced monitoring and control functionalities to gain a competitive edge and capture market share. Companies are also focusing on expanding their market presence and geographic footprint by entering new regions and territories with untapped growth potential.

Commercial & Industrial PV Inverter Market Companies

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

Canadian Solar
Delta Electronics, Inc.
Darfon Electronics Corp.
Eaton
Fimer Group
Ginlong Technologies
GoodWe
Growatt New Energy
Huawei Technologies Co., Ltd.
Schneider Electric
SMA Solar Technology AG
Sungrow
SolarEdge Technologies, Inc.
Sineng Electric Co., Ltd.
Tabuchi Electric Co., Ltd.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of commercial & industrial PV inverter was reached USD 14.1 billion in 2023 and is anticipated to grow at over 13.8% CAGR from 2024 to 2032, owing to rising energy independence and reliability.

The string segment in the commercial & industrial PV inverter market is anticipated to exceed USD 26.9 billion by 2032, driven by the rising demand for inverters with modular design and scalability coupled with optimized performance monitoring.

Europe commercial and industrial PV inverter market is estimated to cross USD 25.8 billion by 2032, attributed to the renewable energy targets including European Union's Renewable Energy Directive to combat climate change and transition towards a low carbon economy.

Canadian Solar, Delta Electronics, Inc., Darfon Electronics Corp., Eaton, Fimer Group, Ginlong Technologies, GoodWe, Growatt New Energy, Huawei Technologies Co., Ltd., Schneider Electric, SMA Solar Technology AG, Sungrow, SolarEdge Technologies, Inc., and Sineng Electric Co., Ltd.