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Residential Solar PV Inverter Market Share

Report ID: GMI5167
Published Date: Jun 2024
Report Format: PDF

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Residential Solar PV Inverter Market Share

Residential Solar PV Inverter Company Market Share

Eminent players are continuously investing in research and development to improve the efficiency, reliability, and functionality of their inverters. Key players are forming strategic partnerships and collaborations to help companies expand their market reach, enhance product offerings, and improve customer service. Furthermore, new players are coming up with diversified product portfolios to cater to a wide range of customer needs. Companies are introducing various inverter models to address different market segments, including hybrid inverters, string inverters, and microinverters.

Residential Solar PV Inverter Market Companies

Eminent players operating in the residential solar PV inverter industry are:

Canadian Solar
Darfon Electronics Corp.
Delta Electronics, Inc.
Enphase Energy
Eaton
Fimer Group
Fronius International GmbH
General Electric
Ginlong Technologies
Goldi Solar
GoodWe
Hitachi Hi-Rel Power Electronics Private Limited
Huawei Technologies Co., Ltd.
Panasonic Corporation
Schneider Electric
Siemens
SMA Solar Technology AG
Solar Edge Technologies,Inc.
Sungrow

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of residential solar PV inverter was crossed USD 6.4 billion in 2023 and is anticipated to grow at 30.3% CAGR through 2032, owing to the growing energy independence and sustainability.

String segment in the residential solar PV inverter market is anticipated to reach over USD 38.5 billion by 2032, attributed to the increasing demand for affordable products without incurring excessive initial expenses and lower maintenance costs.

Asia Pacific residential solar PV inverter market is likely to exceed USD 32.6 billion by 2032, credited to the rising government support in terms of policies including feed-in tariffs and favorable net metering regulations.

Canadian Solar, Darfon Electronics Corp., Delta Electronics, Inc., Enphase Energy, Eaton, Fimer Group, Fronius International GmbH, General Electric, Ginlong Technologies, Goldi Solar, GoodWe, Hitachi Hi-Rel Power Electronics Private Limited, and Huawei Technologies Co., Ltd. among others.