String Inverter Market Outlook:
String Inverter Market size was valued at USD 4.99 billion in 2025 and is likely to cross USD 9.11 billion by 2035, expanding at more than 6.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of string inverter is assessed at USD 5.27 billion.
The rising capacity of renewable energy has a direct impact on the market growth of string inverters since it converts the direct current into usable alternating current. According to the International Energy Agency's most recent annual report, worldwide renewable power capacity is expected to expand by 2 400 gigatonnes (GW) between 2022 and 2027.
The rising development of smart infrastructure will augment string inverter market growth. String inverters often come equipped with advanced monitoring and control capabilities and extract real-time data. This data can be used for making informed decisions regarding system upgrades, and maintenance, which overall enhances the smart infrastructure.
