According to our (Global Info Research) latest study, the global Solar Storage Hybrid Inverter market size was valued at US$ 2795 million in 2025 and is forecast to a readjusted size of US$ 6205 million by 2032 with a CAGR of 12.2% during review period.
A solar storage hybrid inverter refers to a power conversion device that integrates photovoltaic power generation, energy storage and inverter functions. The photovoltaic-storage hybrid inverter has the characteristics of high integration, high safety and reliability, long service life, bidirectional conversion, and intelligent management. It is an important equipment for photovoltaic power generation systems and is suitable for public infrastructure, commercial places, and homes.
A solar storage hybrid inverter is usually composed of an intelligent control system, photovoltaic components, a battery management system, an inverter body, a controller, etc. The intelligent control system can remotely monitor the inverter; the photovoltaic components can convert sunlight into direct current; the battery management system is mainly used to monitor the battery status; the inverter body can convert direct current into alternating current.
The solar storage hybrid inverter market is currently in a stage of rapid growth and transformation, driven by the global push towards renewable energy adoption and the need for more efficient energy management systems.
In recent years, the market for solar storage hybrid inverters has expanded significantly. This growth is underpinned by several factors. Firstly, the continuous decline in the cost of solar panels and energy storage batteries has made solar - storage hybrid systems more economically viable for end - users. For example, in the past decade, the cost of lithium - ion batteries, a common energy storage medium in these systems, has dropped by over 80%, making it more affordable for households and businesses to invest in hybrid inverter - based energy systems.
Geographically, Europe and North America have been the leading markets. In Europe, countries like Germany, Italy, and the Netherlands have a high demand for household - level hybrid inverters. The region's strong support for renewable energy policies, such as generous feed - in tariffs in the past and current incentives for self - consumption of solar power, has spurred the installation of solar - storage systems. In North America, the increasing awareness of energy independence and the high cost of traditional electricity in some areas have driven the demand for hybrid inverters, especially in off - grid or remote locations.
However, the Asia - Pacific region is emerging as the fastest - growing market. Countries like China, India, and Japan are witnessing a surge in the adoption of solar - storage hybrid inverters. China, in particular, has been promoting the development of distributed solar power generation and energy storage projects. The government's "dual - carbon" goals and various subsidies for clean energy projects have encouraged a large number of enterprises and households to install solar - storage systems. In 2024, China's market share in the global solar storage hybrid inverter market increased significantly, and it is expected to maintain this growth momentum in the coming years.
In terms of market competition, the industry is highly competitive, with a large number of players vying for market share. Leading companies include SMA, Huawei, and Sungrow, among others. These companies have strong R & D capabilities and extensive global sales networks. For example, Huawei's digital energy business has made significant inroads in the global market with its advanced hybrid inverter products, which are known for their high efficiency, reliability, and intelligent management features. At the same time, many emerging companies are also entering the market, focusing on niche segments or specific regions, bringing more innovation and competition to the industry.
Looking ahead, several trends are expected to shape the future of the solar storage hybrid inverter market. Technologically, there will be a continuous drive towards higher efficiency and power density. The use of advanced semiconductor materials such as silicon carbide (SiC) and gallium nitride (GaN) in inverter manufacturing will enable higher conversion efficiencies, reducing energy losses during the conversion process. This not only improves the overall performance of the solar - storage system but also helps to lower the cost of energy production.
Intelligent and digital features will also become increasingly important. Future hybrid inverters will be equipped with advanced monitoring and control systems, enabled by artificial intelligence and the Internet of Things (IoT). These systems can optimize the operation of the solar - storage system in real - time, for example, by predicting solar power generation based on weather forecasts and adjusting the charging and discharging of batteries accordingly. They can also provide users with detailed energy consumption data and remote control capabilities, enhancing the user experience and energy management efficiency.
In addition, as the market matures, there will be a growing emphasis on system integration. Hybrid inverters will be designed to better integrate with various components of the energy system, including different types of solar panels, batteries, and electrical loads. This will lead to more customized and optimized energy solutions for different applications, whether it is a small - scale residential system or a large - scale commercial or industrial installation.
This report is a detailed and comprehensive analysis for global Solar Storage Hybrid 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 Solar Storage Hybrid Inverter market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Solar Storage Hybrid Inverter market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Solar Storage Hybrid Inverter market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Solar Storage Hybrid Inverter market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
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 Solar Storage Hybrid 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 Solar Storage Hybrid 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 Megarevo, SolarEdge Technologies, SUNGROW, Hoymiles Power Electronics, SMA Solar Technology, INVT Solar Technology, Kylin, Kortrong, Sigenergy Technology, Xinyi Electric Storage, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Solar Storage Hybrid Inverter market is split by Type and by Application. For the period 2021-2032, 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.
Market segment by Type
Single Phase
Three Phases
Market segment by Application
Residential
Industrial
Commercial
Major players covered
Megarevo
SolarEdge Technologies
SUNGROW
Hoymiles Power Electronics
SMA Solar Technology
INVT Solar Technology
Kylin
Kortrong
Sigenergy Technology
Xinyi Electric Storage
Jiangsu KOYOE Energy Technology
Kaco New Energy
Fronius
GoodWe
OutBack Power
Risen ENERGY
Sichuan Aviation Electrical Micro Energy
Ginlong Technologies
Higon Solar
GUANGGU
Milo Electric
RCT Power
Zonergy
Yuneng Technology
Ningbo Deye Inverter Technology
Huawei
Market 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 Solar Storage Hybrid Inverter product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Solar Storage Hybrid Inverter, with price, sales quantity, revenue, and global market share of Solar Storage Hybrid Inverter from 2021 to 2026.
Chapter 3, the Solar Storage Hybrid Inverter competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Solar Storage Hybrid Inverter breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
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 2021 to 2032.
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 2021 to 2026.and Solar Storage Hybrid Inverter market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
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 Solar Storage Hybrid Inverter.
Chapter 14 and 15, to describe Solar Storage Hybrid Inverter sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Solar Storage Hybrid Inverter. Industry analysis & Market Report on Solar Storage Hybrid Inverter is a syndicated market report, published as Global Solar Storage Hybrid Inverter Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Solar Storage Hybrid Inverter market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.