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Utility Scale String Inverter Market Share

Report ID: GMI5753
Published Date: Dec 2024
Report Format: PDF

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Utility Scale String Inverter Market Share

Eminent players are investing heavily in R&D to develop more efficient and reliable utility-scale string inverters. Features such as 1500V compatibility, integrated energy storage, remote monitoring, and enhanced thermal management systems are helping companies meet evolving customer demands. Players are forming partnerships with EPC (Engineering, Procurement, and Construction) firms, utility providers, and financial institutions to secure large-scale solar projects. Collaborations with battery manufacturers and energy management companies are also helping firms integrate their inverters with energy storage solutions.

Utility Scale String Inverter Market Companies

Eminent players operating in the Utility Scale String Inverter industry are:

Darfon Electronics
Delta Electronics
Eaton
Fronius International
GoodWe
Growatt
Hitachi Hi-Rel Power Electronics
Huawei Technologies
Panasonic Corporation
Schneider Electric
Sofar Solar
Siemens
Sineng Electric
SMA Solar Technology
SolarEdge Technologies
Sungrow

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global utility-scale string inverter industry was valued at USD 3 billion in 2024 and is estimated to grow at a 10.9% CAGR from 2025 to 2034, driven by the increasing adoption of large-scale photovoltaic systems.

The < 1500 V segment is anticipated to surpass USD 7.5 billion by 2034 due to their low maintenance and management requirements, making them highly appealing in the market.

The U.S. utility-scale string inverter market is expected to exceed USD 1.3 billion by 2034, driven by the country's strong commitment to renewable energy and supportive initiatives like the Investment Tax Credit (ITC).

Key players in the industry include Darfon Electronics, Delta Electronics, Eaton, Fronius International, GoodWe, Growatt, Hitachi Hi-Rel Power Electronics, Huawei Technologies, Panasonic Corporation, Schneider Electric, and Sofar Solar.