Utility Scale PV Inverter Market Size & Share, by Product (String, Central); Voltage (< 1500V, ≥ 1500 V); Application (Commercial & Industrial, Residential, Utility Scale) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5619
  • Published Date: Feb 07, 2024
  • Report Format: PDF, PPT

Companies Dominating the Utility Scale PV Inverter Landscape

    • Sungrow Power Supply Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • SMA Solar Technology AG
    • Siemens
    • Growatt New Energy 
    • Darfon Innovation Corporation
    • Eaton
    • SolarEdge Technologies Inc.
    • Fimer Group
    • Canadian Solar Inc
    • Jinlang Technology Co., Ltd.

Browse Key Market Insights with Data Illustration:


In The News

  • Sungrow unveiled the SG200HX-US, of  their newest string inverter during 2023’s RE+ in Las Vegas, NV held from September 11-14.  . The product works with bigger format PV modules and has a maximum current of 20A per string. The product ensures proven safety by removing the potential of a string reverse connection with its one MPPT for two strings design.
  • Siemens announced that, in Kenosha, Wisconsin, where the company will manufacture utility scale solar components specifically designed to serve the US market, it will begin production of PV string inverters.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 5619
  • Published Date: Feb 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising electrification projects, both in the rural and urban areas, Supportive governmental policies, environmental sustainability, Integration of energy storage systems are some of the major growth drivers for utility scale PV inverter market.

The market size of utility scale PV inverter is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are SMA Solar Technology AG, Siemens, Growatt New Energy, Darfon Innovation Corporation, Eaton, SolarEdge Technologies Inc., Fimer Group, Canadian Solar Inc, Jinlang Technology Co., Ltd., Fujitsu General Limited, and others.

The Central segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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