Single Phase Central PV Inverter Market Size - By Nominal Output Power (<110 kW, >110 kW), By Application, Regional Outlook & Global Forecast, 2025 – 2034

Single Phase Central PV Inverter Market Size

The global single phase central PV inverter market was valued at USD 592.8 million in 2024 and is estimated to grow at a CAGR of 10.5% from 2025 to 2034. It is a type of inverter used in solar power systems that converts the direct current electricity generated by solar panels into alternating current electricity suitable for use in residential and small commercial applications. These inverters are generally more efficient for small-scale solar installations due to their ability to handle larger power capacities while maintaining a compact design.
 

Rising demand for cost-efficient inverters for large installations compared to multiple smaller inverters will uplift product adoption. Furthermore, growing solar power penetration in various regions will create lucrative opportunities for affordable solutions, driving product penetration. Improving shift towards inverters involving relatively simple installation and maintenance will foster industry growth.
 

Increasing need for inverters offering high grid compatibility, vital for ensuring that excess power generated by the solar system can be fed back into the grid efficiently and per grid regulations will influence product penetration. Furthermore, their high-power density, helps to handle larger amounts of power from multiple strings of solar panels within a compact form factor, further stimulating the business scenario.
 

Single Phase Central PV Inverter Market Trends

Increasing integration of digital technologies, including real-time monitoring, predictive maintenance, and smart grid compatibility, will drive product adoption. Furthermore, their ability to seamlessly connect with energy management systems and smart grids will play a crucial role in their uptake, especially in regions prioritizing digital transformation and smart energy solutions.
 

Single Phase Central PV Inverter Market Analysis

Based on nominal output power, the single central PV inverter market is segmented into <110kW and >110kW. Among these the <110kW segment is anticipated to reach over USD 1.5 billion by 2034. Growing shift toward decentralized power generation in residential and small commercial installations will propel low-power output adoption. Rising technical advancements offering features such as better efficiency, real-time monitoring, and smart energy system integration will complement product adoption.
 

Based on application, the residential segment is set to grow at a CAGR of over 10% through 2034. Growing demand for energy-independent solutions to reduce reliance on the grid and avoid rising electricity costs will uplift product adoption. Increasing government programs, including tax credits, rebates, and grants, to encourage the adoption of solar energy and make residential solar installations more financially viable will improve product adoption.
 

The U.S. single phase central PV inverter market is set to surpass USD 177 million by 2034. Strong framework of federal and state-level incentives that promote solar energy adoption coupled with programs such as the Investment Tax Credit (ITC), net metering, and various state-specific rebates will support product adoption. Growing awareness about climate change is encouraging homeowners to reduce their carbon footprint thereby augmenting product growth. Furthermore, rising electricity prices in the U.S. are motivating homeowners to seek alternatives to traditional energy sources, creating lucrative opportunities for business expansion.
 

In Asia Pacific growing need for economically viable and cost-efficient solutions, particularly in countries like India and Vietnam, will drive the adoption of these products. Many countries in the area are transitioning to 1,500 V DC systems to lower system expenses and enhance efficiency. This shift will boost product demand, as these systems support longer string lengths with reduced parallel connections, which help minimize energy losses and reduce cabling expenses.
 

Single Phase Central PV Inverter Market Share

Eminent players are channeling investments into research and development to boost the efficiency, reliability, and functionality of inverters. Numerous industry players are focusing on emerging markets across Asia, Africa, and Latin America, regions witnessing a swift uptick in solar adoption. By setting up local manufacturing units, forging partnerships, and building distribution networks, these companies are poised to tap into the surging demand for solar energy in these locales.
 

Single Phase Central PV Inverter Market Companies

Eminent players operating in the single phase central PV inverter industry are:

• Delta Electronics
• Fimer
• Hitachi Hi-Rel
• Ingeteam Power Technology
• Leonics
• Siemens
• Sungrow
• SMA Solar Technology
• Shenzhen Skyworth Photovoltaic Technology
• Vincotech
   

Single Phase Central PV Inverter Industry News

• In April 2023, FIMER showcased its flagship products BESS Converter PVS980-58 BC series and the Central Inverters PVS980-58 series —at multiple events in India and received the 'Solar+ Storage Project-Inverter Provider of the Year 2023' award for the Modhera project.
   
• In May 2022, Gamesa Electric and Siemens signed a strategic cooperation agreement to use Proteus central inverters for PV and energy storage projects worldwide. This partnership will supply high-power Proteus inverters with 99.45% efficiency from Gamesa Electric’s worldwide factories, with an expected annual volume in the GW scale.
   

This single phase central PV inverter market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue and volume in “(USD Million & MW)” from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Nominal Output Power

• <110 kW
• >110 kW

Market, By Application

• Residential
• Commercial

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