The global Grid-tied String Inverter market size was valued at US$ 1768 million in 2024 and is forecast to a readjusted size of USD 2830 million by 2031 with a CAGR of 7.0% during review period.
A grid-tied string inverter is an electrical device used in photovoltaic (PV) solar power systems to convert the direct current (DC) electricity generated by solar panels into alternating current (AC) electricity for use in buildings or to be fed into the electrical grid. These inverters are a fundamental component of grid-tied solar installations, and they play a key role in optimizing power production and ensuring the integration of solar energy into the grid.
Increased Solar Power Installations: The market for grid-tied string inverters continued to grow in response to the increased deployment of solar power systems in residential, commercial, and utility-scale applications.
Residential Solar: The residential solar market was a significant driver of grid-tied string inverter sales. As more homeowners installed solar systems, the demand for reliable and cost-effective inverters increased.
Commercial and Industrial Installations: Grid-tied string inverters were also commonly used in commercial and industrial solar installations, including rooftop and ground-mounted systems. Businesses sought to reduce energy costs and meet sustainability goals.
String Inverter Advancements: Ongoing research and development efforts focused on improving the efficiency and reliability of string inverters. This included innovations in maximum power point tracking (MPPT) technology and cooling systems.
Integration with Energy Storage: The integration of grid-tied string inverters with energy storage solutions, such as batteries, gained momentum. This allowed for greater energy independence and the ability to store excess solar energy for later use.
Grid Services and Demand Response: Some grid-tied inverters were used to provide grid services, such as frequency regulation and demand response. Solar power systems with grid-tied inverters could support grid stability and reliability.
This report is a detailed and comprehensive analysis for global Grid-tied String Inverter market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Grid-tied String Inverter market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Grid-tied String Inverter market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Grid-tied String Inverter market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Grid-tied String Inverter market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Grid-tied String Inverter
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Grid-tied String Inverter market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SMA Solar Technology, Solaredge Technologies, Hitachi Hi-Rel, Schneider Electric Solar, ABB, Sungrow Power Supply, Fronius, Solarmax, Ksolare, Yaskawa-Solectria Solar, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
麻豆原创 Segmentation
Grid-tied String Inverter market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
麻豆原创 segment by Type
3.6-6KW
30-50KW
30-50KW
Others
麻豆原创 segment by Application
Residential
Commercial & Industrial
Utilities
Major players covered
SMA Solar Technology
Solaredge Technologies
Hitachi Hi-Rel
Schneider Electric Solar
ABB
Sungrow Power Supply
Fronius
Solarmax
Ksolare
Yaskawa-Solectria Solar
Ginlong Technologies
Delta Energy System
Samil Power
KACO New Energy
Chint Power Systems
Huawei Technologies
Ningbo Deye Technology
Austasolar
麻豆原创 segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Grid-tied String Inverter product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Grid-tied String Inverter, with price, sales quantity, revenue, and global market share of Grid-tied String Inverter from 2020 to 2025.
Chapter 3, the Grid-tied String Inverter competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Grid-tied String Inverter breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Grid-tied String Inverter market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Grid-tied String Inverter.
Chapter 14 and 15, to describe Grid-tied String Inverter sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 麻豆原创 Analysis by Type
1.3.1 Overview: Global Grid-tied String Inverter Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 3.6-6KW
1.3.3 30-50KW
1.3.4 30-50KW
1.3.5 Others
1.4 麻豆原创 Analysis by Application
1.4.1 Overview: Global Grid-tied String Inverter Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Residential
1.4.3 Commercial & Industrial
1.4.4 Utilities
1.5 Global Grid-tied String Inverter 麻豆原创 Size & Forecast
1.5.1 Global Grid-tied String Inverter Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Grid-tied String Inverter Sales Quantity (2020-2031)
1.5.3 Global Grid-tied String Inverter Average Price (2020-2031)
2 Manufacturers Profiles
2.1 SMA Solar Technology
2.1.1 SMA Solar Technology Details
2.1.2 SMA Solar Technology Major Business
2.1.3 SMA Solar Technology Grid-tied String Inverter Product and Services
2.1.4 SMA Solar Technology Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.1.5 SMA Solar Technology Recent Developments/Updates
2.2 Solaredge Technologies
2.2.1 Solaredge Technologies Details
2.2.2 Solaredge Technologies Major Business
2.2.3 Solaredge Technologies Grid-tied String Inverter Product and Services
2.2.4 Solaredge Technologies Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.2.5 Solaredge Technologies Recent Developments/Updates
2.3 Hitachi Hi-Rel
2.3.1 Hitachi Hi-Rel Details
2.3.2 Hitachi Hi-Rel Major Business
2.3.3 Hitachi Hi-Rel Grid-tied String Inverter Product and Services
2.3.4 Hitachi Hi-Rel Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.3.5 Hitachi Hi-Rel Recent Developments/Updates
2.4 Schneider Electric Solar
2.4.1 Schneider Electric Solar Details
2.4.2 Schneider Electric Solar Major Business
2.4.3 Schneider Electric Solar Grid-tied String Inverter Product and Services
2.4.4 Schneider Electric Solar Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.4.5 Schneider Electric Solar Recent Developments/Updates
2.5 ABB
2.5.1 ABB Details
2.5.2 ABB Major Business
2.5.3 ABB Grid-tied String Inverter Product and Services
2.5.4 ABB Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.5.5 ABB Recent Developments/Updates
2.6 Sungrow Power Supply
2.6.1 Sungrow Power Supply Details
2.6.2 Sungrow Power Supply Major Business
2.6.3 Sungrow Power Supply Grid-tied String Inverter Product and Services
2.6.4 Sungrow Power Supply Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.6.5 Sungrow Power Supply Recent Developments/Updates
2.7 Fronius
2.7.1 Fronius Details
2.7.2 Fronius Major Business
2.7.3 Fronius Grid-tied String Inverter Product and Services
2.7.4 Fronius Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.7.5 Fronius Recent Developments/Updates
2.8 Solarmax
2.8.1 Solarmax Details
2.8.2 Solarmax Major Business
2.8.3 Solarmax Grid-tied String Inverter Product and Services
2.8.4 Solarmax Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.8.5 Solarmax Recent Developments/Updates
2.9 Ksolare
2.9.1 Ksolare Details
2.9.2 Ksolare Major Business
2.9.3 Ksolare Grid-tied String Inverter Product and Services
2.9.4 Ksolare Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.9.5 Ksolare Recent Developments/Updates
2.10 Yaskawa-Solectria Solar
2.10.1 Yaskawa-Solectria Solar Details
2.10.2 Yaskawa-Solectria Solar Major Business
2.10.3 Yaskawa-Solectria Solar Grid-tied String Inverter Product and Services
2.10.4 Yaskawa-Solectria Solar Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.10.5 Yaskawa-Solectria Solar Recent Developments/Updates
2.11 Ginlong Technologies
2.11.1 Ginlong Technologies Details
2.11.2 Ginlong Technologies Major Business
2.11.3 Ginlong Technologies Grid-tied String Inverter Product and Services
2.11.4 Ginlong Technologies Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.11.5 Ginlong Technologies Recent Developments/Updates
2.12 Delta Energy System
2.12.1 Delta Energy System Details
2.12.2 Delta Energy System Major Business
2.12.3 Delta Energy System Grid-tied String Inverter Product and Services
2.12.4 Delta Energy System Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.12.5 Delta Energy System Recent Developments/Updates
2.13 Samil Power
2.13.1 Samil Power Details
2.13.2 Samil Power Major Business
2.13.3 Samil Power Grid-tied String Inverter Product and Services
2.13.4 Samil Power Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.13.5 Samil Power Recent Developments/Updates
2.14 KACO New Energy
2.14.1 KACO New Energy Details
2.14.2 KACO New Energy Major Business
2.14.3 KACO New Energy Grid-tied String Inverter Product and Services
2.14.4 KACO New Energy Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.14.5 KACO New Energy Recent Developments/Updates
2.15 Chint Power Systems
2.15.1 Chint Power Systems Details
2.15.2 Chint Power Systems Major Business
2.15.3 Chint Power Systems Grid-tied String Inverter Product and Services
2.15.4 Chint Power Systems Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.15.5 Chint Power Systems Recent Developments/Updates
2.16 Huawei Technologies
2.16.1 Huawei Technologies Details
2.16.2 Huawei Technologies Major Business
2.16.3 Huawei Technologies Grid-tied String Inverter Product and Services
2.16.4 Huawei Technologies Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.16.5 Huawei Technologies Recent Developments/Updates
2.17 Ningbo Deye Technology
2.17.1 Ningbo Deye Technology Details
2.17.2 Ningbo Deye Technology Major Business
2.17.3 Ningbo Deye Technology Grid-tied String Inverter Product and Services
2.17.4 Ningbo Deye Technology Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.17.5 Ningbo Deye Technology Recent Developments/Updates
2.18 Austasolar
2.18.1 Austasolar Details
2.18.2 Austasolar Major Business
2.18.3 Austasolar Grid-tied String Inverter Product and Services
2.18.4 Austasolar Grid-tied String Inverter Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.18.5 Austasolar Recent Developments/Updates
3 Competitive Environment: Grid-tied String Inverter by Manufacturer
3.1 Global Grid-tied String Inverter Sales Quantity by Manufacturer (2020-2025)
3.2 Global Grid-tied String Inverter Revenue by Manufacturer (2020-2025)
3.3 Global Grid-tied String Inverter Average Price by Manufacturer (2020-2025)
3.4 麻豆原创 Share Analysis (2024)
3.4.1 Producer Shipments of Grid-tied String Inverter by Manufacturer Revenue ($MM) and 麻豆原创 Share (%): 2024
3.4.2 Top 3 Grid-tied String Inverter Manufacturer 麻豆原创 Share in 2024
3.4.3 Top 6 Grid-tied String Inverter Manufacturer 麻豆原创 Share in 2024
3.5 Grid-tied String Inverter 麻豆原创: Overall Company Footprint Analysis
3.5.1 Grid-tied String Inverter 麻豆原创: Region Footprint
3.5.2 Grid-tied String Inverter 麻豆原创: Company Product Type Footprint
3.5.3 Grid-tied String Inverter 麻豆原创: Company Product Application Footprint
3.6 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Grid-tied String Inverter 麻豆原创 Size by Region
4.1.1 Global Grid-tied String Inverter Sales Quantity by Region (2020-2031)
4.1.2 Global Grid-tied String Inverter Consumption Value by Region (2020-2031)
4.1.3 Global Grid-tied String Inverter Average Price by Region (2020-2031)
4.2 North America Grid-tied String Inverter Consumption Value (2020-2031)
4.3 Europe Grid-tied String Inverter Consumption Value (2020-2031)
4.4 Asia-Pacific Grid-tied String Inverter Consumption Value (2020-2031)
4.5 South America Grid-tied String Inverter Consumption Value (2020-2031)
4.6 Middle East & Africa Grid-tied String Inverter Consumption Value (2020-2031)
5 麻豆原创 Segment by Type
5.1 Global Grid-tied String Inverter Sales Quantity by Type (2020-2031)
5.2 Global Grid-tied String Inverter Consumption Value by Type (2020-2031)
5.3 Global Grid-tied String Inverter Average Price by Type (2020-2031)
6 麻豆原创 Segment by Application
6.1 Global Grid-tied String Inverter Sales Quantity by Application (2020-2031)
6.2 Global Grid-tied String Inverter Consumption Value by Application (2020-2031)
6.3 Global Grid-tied String Inverter Average Price by Application (2020-2031)
7 North America
7.1 North America Grid-tied String Inverter Sales Quantity by Type (2020-2031)
7.2 North America Grid-tied String Inverter Sales Quantity by Application (2020-2031)
7.3 North America Grid-tied String Inverter 麻豆原创 Size by Country
7.3.1 North America Grid-tied String Inverter Sales Quantity by Country (2020-2031)
7.3.2 North America Grid-tied String Inverter Consumption Value by Country (2020-2031)
7.3.3 United States 麻豆原创 Size and Forecast (2020-2031)
7.3.4 Canada 麻豆原创 Size and Forecast (2020-2031)
7.3.5 Mexico 麻豆原创 Size and Forecast (2020-2031)
8 Europe
8.1 Europe Grid-tied String Inverter Sales Quantity by Type (2020-2031)
8.2 Europe Grid-tied String Inverter Sales Quantity by Application (2020-2031)
8.3 Europe Grid-tied String Inverter 麻豆原创 Size by Country
8.3.1 Europe Grid-tied String Inverter Sales Quantity by Country (2020-2031)
8.3.2 Europe Grid-tied String Inverter Consumption Value by Country (2020-2031)
8.3.3 Germany 麻豆原创 Size and Forecast (2020-2031)
8.3.4 France 麻豆原创 Size and Forecast (2020-2031)
8.3.5 United Kingdom 麻豆原创 Size and Forecast (2020-2031)
8.3.6 Russia 麻豆原创 Size and Forecast (2020-2031)
8.3.7 Italy 麻豆原创 Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Grid-tied String Inverter Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Grid-tied String Inverter Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Grid-tied String Inverter 麻豆原创 Size by Region
9.3.1 Asia-Pacific Grid-tied String Inverter Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Grid-tied String Inverter Consumption Value by Region (2020-2031)
9.3.3 China 麻豆原创 Size and Forecast (2020-2031)
9.3.4 Japan 麻豆原创 Size and Forecast (2020-2031)
9.3.5 South Korea 麻豆原创 Size and Forecast (2020-2031)
9.3.6 India 麻豆原创 Size and Forecast (2020-2031)
9.3.7 Southeast Asia 麻豆原创 Size and Forecast (2020-2031)
9.3.8 Australia 麻豆原创 Size and Forecast (2020-2031)
10 South America
10.1 South America Grid-tied String Inverter Sales Quantity by Type (2020-2031)
10.2 South America Grid-tied String Inverter Sales Quantity by Application (2020-2031)
10.3 South America Grid-tied String Inverter 麻豆原创 Size by Country
10.3.1 South America Grid-tied String Inverter Sales Quantity by Country (2020-2031)
10.3.2 South America Grid-tied String Inverter Consumption Value by Country (2020-2031)
10.3.3 Brazil 麻豆原创 Size and Forecast (2020-2031)
10.3.4 Argentina 麻豆原创 Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Grid-tied String Inverter Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Grid-tied String Inverter Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Grid-tied String Inverter 麻豆原创 Size by Country
11.3.1 Middle East & Africa Grid-tied String Inverter Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Grid-tied String Inverter Consumption Value by Country (2020-2031)
11.3.3 Turkey 麻豆原创 Size and Forecast (2020-2031)
11.3.4 Egypt 麻豆原创 Size and Forecast (2020-2031)
11.3.5 Saudi Arabia 麻豆原创 Size and Forecast (2020-2031)
11.3.6 South Africa 麻豆原创 Size and Forecast (2020-2031)
12 麻豆原创 Dynamics
12.1 Grid-tied String Inverter 麻豆原创 Drivers
12.2 Grid-tied String Inverter 麻豆原创 Restraints
12.3 Grid-tied String Inverter Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Grid-tied String Inverter and Key Manufacturers
13.2 Manufacturing Costs Percentage of Grid-tied String Inverter
13.3 Grid-tied String Inverter Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Grid-tied String Inverter Typical Distributors
14.3 Grid-tied String Inverter Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
SMA Solar Technology
Solaredge Technologies
Hitachi Hi-Rel
Schneider Electric Solar
ABB
Sungrow Power Supply
Fronius
Solarmax
Ksolare
Yaskawa-Solectria Solar
Ginlong Technologies
Delta Energy System
Samil Power
KACO New Energy
Chint Power Systems
Huawei Technologies
Ningbo Deye Technology
Austasolar
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*If Applicable.
