On Grid Three Phase PV Inverter Market - By Product, By Application and Forecast, 2025 – 2034

On Grid Three Phase PV Inverter Market Size

The global on grid three phase PV inverter market size was valued at USD 26.3 billion in 2024 and is estimated to grow at a CAGR of 8.9% from 2025 to 2034. It is a type of solar inverter specifically designed to convert direct current generated by solar photovoltaic (PV) panels into alternating current suitable for grid-compatible three phase power systems. These inverters are used in solar power systems connected directly to the utility grid, allowing seamless integration of solar energy with conventional power sources.
 

Growing global shift towards renewable energy sources to meet climate goals, such as those outlined in the Paris Agreement will influence the product adoption. Increasing demand for multi phase grid tied inverters from large-scale commercial installations due to their higher efficiency and capacity to handle large amounts of energy generation will boost product popularity among companies and institutions looking to reduce their carbon footprint.
 

Rising demand for highly efficient inverters offering excellent performance from larger-scale installations will influence product penetration. Increasing adoption of scalable products, particularly from commercial, industrial, and large-scale residential installations requiring higher power output to meet energy demands will strengthen the product adoption.
 

On Grid Three Phase PV Inverter Market Trends

Growing government support in terms of incentives, rebates, and subsidies to encourage the adoption of solar energy will directly impact the affordability of on grid three phase PV systems leading to propel the industry outlook. Continuous improvements in inverter technology, such as the integration of smart monitoring features, will contribute to the product growth. Moreover, rising environmental concerns and increasing consumer preference for green technologies, including solar power will further foster the product growth.
 

On Grid Three Phase PV Inverter Market Analysis

Based on product, the on grid three phase PV inverter industry is segmented into string, central and micro. Central is anticipated to grow over USD 34 Billion by 2034 on account of its higher ability to optimize the efficiency of large solar power plants. Growing adoption of cost-effective PV inverters with simplified systems design and installation, particularly from large commercial and utility-scale installations will complement the product penetration. Their excellent scalability and longer lifespan and durability compared to smaller inverters, reducing the need for replacements or upgrades in large systems will uplift the industry scenario.
 

Based on application, the on grid three phase PV inverter market is segmented into residential, commercial & industrial and utility. Commercial & industrial is set to grow at a CAGR of over 9.2% till 2034. Increasing power demand from commercial & industrial settings will drive the product adoption, making them a flexible solution for growing businesses or industries. Furthermore, growing businesses focus on sustainability and reducing their carbon footprint in line with rising government support in the form of incentives and subsidies to encourage the adoption of renewable energy technologies will stimulate the product expansion.
 

The U.S. on grid three phase PV inverter market is anticipated to grow over USD 10 Billion by 2034. Rising cost of electricity and volatility in energy prices will promote investments in solar power to reduce dependency on grid electricity leading to boost the business growth. Presence of key players and continuous innovation in solar technologies, including more efficient and durable three-phase inverters will create lucrative opportunities for the product penetration. Increasing pressure from consumers and stakeholders will push U.S. companies to adopt greener practices allowing them to lower their carbon footprints while reducing energy costs leading to uplift the product adoption.
 

In Asia Pacific rapid industrialization and rising energy demand will complement the product attractiveness to support the large-scale energy needs of factories, warehouses, and office complexes. Growing environmental concerns are pushing companies to align with sustainability goals by investing in renewable energy leading to foster the product growth.
 

On Grid Three Phase PV Inverter Market Share

Eminent players are forming strategic alliances and partnerships to expand their market share and enhance product offerings. These collaborations allow inverter manufacturers to tap into the growing demand for utility-scale solar power plants and commercial applications. In addition to product development, key players are focusing on enhancing customer service and support to build long-term relationships and improve customer retention.
 

On Grid Three Phase PV Inverter Market Companies

Eminent players operating in the on grid three phase PV inverter industry are:

• Canadian Solar
• Delta Electronics
• Goldi Solar
• Schneider Electric
• SMA Solar Technology
• Solis Inverters
• Servotech Power Systems
• SolarEdge Technologies
• UTL Solar
• Vsole Solar
• V-Guard Industries
   

On Grid Three Phase PV Inverter Industry News:

• In March 2024, Sungrow has introduced its advanced three-phase inverter and battery energy solutions in South Africa. The lineup includes new inverter models and battery options designed to cater to both residential and commercial & industrial (C&I) applications, emphasizing efficiency, adaptability, and energy independence.
   
• In July 2023, Goldi Solar, a prominent Indian solar brand, has introduced its VAMA series of on-grid smart string inverters. These inverters are available in both single-phase and three-phase variants, tailored to meet the requirements of residential and commercial & industrial (C&I) users in on-grid solar applications. Designed with a focus on performance and adaptability, the VAMA range addresses diverse consumer needs while emphasizing quality and innovation.
   

On Grid Three Phase PV Inverter market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue and volume in “(USD Billion & MW)” from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Product

• String
• Micro
• Central

Market, By Application

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • Italy
  • Poland
  • Netherlands
  • Austria
  • UK
  • France
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Israel
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Mexico
  • Chile