According to our (Global Info Research) latest study, the global String Solar PV Inverters market size was valued at US$ 5522 million in 2025 and is forecast to a readjusted size of US$ 17116 million by 2032 with a CAGR of 17.5% during review period.
In 2025, global String Solar PV Inverters production reached approximately 670k units , with an average global market price of around US$8k per unit.
String solar PV inverters are power electronic devices that convert direct current (DC) generated by multiple series-connected photovoltaic modules into alternating current (AC) for grid connection or local consumption. Their core function is to optimize power generation efficiency using maximum power point tracking (MPPT) technology for each string. Compared with central inverters, string inverters offer higher system flexibility, better energy yield, stronger fault tolerance, and lower operation and maintenance costs. They enable independent control of each string, reducing losses caused by shading and mismatch. These inverters are widely used in distributed photovoltaic systems, such as residential rooftops and commercial installations, as well as in some utility-scale plants, making them one of the dominant technologies in the PV inverter market.
The upstream of string solar PV inverters includes suppliers of power semiconductor devices (IGBTs and MOSFETs), control chips, magnetic components, capacitors, and structural materials, with representative companies such as Infineon, ON Semiconductor, TDK, and Nichicon. The midstream consists of inverter manufacturers and system integrators, including Huawei, Sungrow, Growatt, and SMA Solar Technology. Downstream applications cover residential PV systems, commercial and industrial distributed installations, and utility-scale solar plants, with end users including energy developers, utilities, and individual consumers, forming a complete value chain from power components to inverter manufacturing and PV system applications.
The string solar PV inverter market has become the dominant technology segment in the PV inverter industry, driven by the rapid growth of distributed solar and increasing demand for system flexibility and high efficiency. The industry is evolving toward higher power density, improved conversion efficiency, and greater intelligence, with string-level monitoring, remote operation and maintenance, and integration with energy storage systems becoming standard features. Key drivers include the global energy transition, rising demand for distributed solar installations, and declining costs due to technological advancements. However, challenges include intense price competition, product homogenization, and fluctuations in raw material costs, as well as varying grid standards across regions. Overall, string inverters are expected to maintain dominance in distributed PV systems and gradually expand their share in utility-scale applications due to their flexibility and efficiency advantages.
This report is a detailed and comprehensive analysis for global String Solar PV Inverters 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 String Solar PV Inverters market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global String Solar PV Inverters market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global String Solar PV Inverters market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global String Solar PV Inverters market shares of main players, shipments in revenue ($ 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 String Solar PV Inverters
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 String Solar PV Inverters 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, General Electric, Siemens, Schneider Electric, Cyber Power Systems, Tesla Powerwall, Luminous, Leonics, INVT, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
String Solar PV Inverters 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-phase
Market segment by Power Level
1 kW – 10 kW
1 kW – 10 kW
10 kW – 125 kW
≥125 kW
Market segment by Function
Grid-tied
Grid-tied
Market segment by Application
Home Use
Industrial
Commercial Use
Others
Major players covered
SMA Solar Technology
SolarEdge
General Electric
Siemens
Schneider Electric
Cyber Power Systems
Tesla Powerwall
Luminous
Leonics
INVT
Easun Power
Alencon Systems
Fimer Group
Hitachi
TBEA
Yaskawa-Solectria Solar
Fronius
Tabuchi Electric
Sungrow
Huawei
Growatt
Ginlong
GoodWe
Kstar Science & Technology
Sanjing Electric
Sofar Solar
SolaX Power
Tysen-kld
Canadian Solar
Sineng Electric
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 String Solar PV Inverters product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of String Solar PV Inverters, with price, sales quantity, revenue, and global market share of String Solar PV Inverters from 2021 to 2026.
Chapter 3, the String Solar PV Inverters competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the String Solar PV Inverters 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 String Solar PV Inverters 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 String Solar PV Inverters.
Chapter 14 and 15, to describe String Solar PV Inverters sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on String Solar PV Inverters. Industry analysis & Market Report on String Solar PV Inverters is a syndicated market report, published as Global String Solar PV Inverters Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of String Solar PV Inverters market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.