Residential Grid Tie Inverter Market Report: Trends, Forecast and Competitive Analysis to 2030

Residential Grid Tie Inverter Trends and Forecast

The future of the global residential grid tie inverter market looks promising with opportunities in the low frequency transformer coupling and high frequency transformer coupling markets. The global residential grid tie inverter market is expected to reach an estimated $4.7 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are increasing adoption of rooftop solar photovoltaic system, reduction int the cost of grid-tie inverters, and growing demand for energy independence.

A more than 150-page report is developed to help in your business decisions.

Residential Grid Tie Inverter by Segment

The study includes a forecast for the global residential grid tie inverter by voltage output, distribution channel, type, and region.

Residential Grid Tie Inverter Market by Voltage Output [Shipment Analysis by Value from 2018 to 2030]:

• Below 500 V
• 501 V To 1,000 V
• Above 1,000

Residential Grid Tie Inverter Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Online
• Offline

Residential Grid Tie Inverter Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Low Frequency Transformer Coupling
• High Frequency Transformer Coupling

Residential Grid Tie Inverter Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Residential Grid Tie Inverter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies residential grid tie inverter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the residential grid tie inverter companies profiled in this report include-

• SMA Solar Technology
• Fronius
• HUAWEI
• Sungrow
• Goodwe
• KOSTAL Solar Electric
• Delta
• Growatt
• Solax Power
• Solaredge

Residential Grid Tie Inverter Market Insights

Lucintel forecasts that online is expected to witness higher growth over the forecast period due to the increasing demand for affordable and low-maintenance inverters.

APAC will remain the largest region over the forecast period due to high demand for solar energy systems because of government support, net-zero targets, and increasing electricity prices.

Features of the Global Residential Grid Tie Inverter Market

Market Size Estimates: Residential grid tie inverter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Residential grid tie inverter market size by voltage output, distribution channel, type, and region in terms of value ($B).

Regional Analysis: Residential grid tie inverter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different voltage output, distribution channel, type, and regions for the residential grid tie inverter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the residential grid tie inverter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the residential grid tie inverter market size?

Answer: The global residential grid tie inverter market is expected to reach an estimated $4.7 billion by 2030.

Q.2 What is the growth forecast for residential grid tie inverter market?

Answer: The global residential grid tie inverter market is expected to grow with a CAGR of 7.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the residential grid tie inverter market?

Answer: The major drivers for this market are increasing adoption of rooftop solar photovoltaic system, reduction int the cost of grid-tie inverters, and growing demand for energy independence.

Q4. What are the major segments for residential grid tie inverter market?

Answer: The future of the global residential grid tie inverter market looks promising with opportunities in the low frequency transformer coupling and high frequency transformer coupling markets.

Q5. Who are the key residential grid tie inverter market companies?

Answer: Some of the key residential grid tie inverter companies are as follows:

• SMA Solar Technology
• Fronius
• HUAWEI
• Sungrow
• Goodwe
• KOSTAL Solar Electric
• Delta
• Growatt
• Solax Power
• Solaredge

Q6. Which residential grid tie inverter market segment will be the largest in future?

Answer: Lucintel forecasts that online is expected to witness higher growth over the forecast period due to the increasing demand for affordable and low-maintenance inverters.

Q7. In residential grid tie inverter market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to high demand for solar energy systems because of government support, net-zero targets, and increasing electricity prices.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the residential grid tie inverter market by voltage output (below 500 v, 501 v to 1,000 v, and above 1,000), distribution channel (online and offline), type (low frequency transformer coupling and high frequency transformer coupling), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?