Residential Solar PV Inverter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type, by Phase, by Connection Type, By Region & Competition, 2021-2031F

Description

The Global Residential Solar PV Inverter Market will grow from USD 4.81 Billion in 2025 to USD 8.03 Billion by 2031 at a 8.92% CAGR. Residential solar PV inverters are specialized power conversion devices designed to transform direct current generated by photovoltaic panels into alternating current suitable for household appliances and grid interaction.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 4.81 Billion
Market Size 2031	USD 8.03 Billion
CAGR 2026-2031	8.92%
Fastest Growing Segment	Central Inverters
Largest Market	Asia Pacific

Key Market Drivers

Supportive government regulatory frameworks and financial incentives act as the primary catalyst for the Global Residential Solar PV Inverter Market by significantly reducing the high upfront capital barriers associated with solar adoption. National mandates aiming for decarbonization utilize net metering schemes, tax credits, and direct subsidies to incentivize homeowners to invest in renewable energy systems, thereby stimulating demand for power conversion units.

Key Market Challenges

Regulatory volatility acts as a substantial restraint on the residential solar PV inverter market by introducing financial uncertainty that deters consumer adoption. When regional authorities abruptly alter net metering policies or reduce export compensation rates, the return on investment for homeowners becomes less attractive. This extends the payback period for solar installations, leading to a sharp contraction in demand.

Key Market Trends

The integration of electric vehicle (EV) charging capabilities directly into solar inverters is emerging as a transformative trend, positioning the power conversion unit as the central hub for residential energy ecosystems. This technical convergence allows homeowners to charge vehicles directly from rooftop solar generation, bypassing the inefficiencies of AC-DC conversion associated with standalone chargers and reducing reliance on the grid.

Key Market Players

Huawei Investment & Holding Co., Ltd.
Sungrow Power Supply Co., Ltd.
SolarEdge Technologies
Enphase Energy
SMA Solar Technology
Ginlong Technologies Co., Ltd.
GoodWe Technologies Co., Ltd.
POWER ELECTRONICS ESPANA, S.L.U.
FIMER
Sineng Electric Co., Ltd.

Report Scope:

In this report, the Global Residential Solar PV Inverter Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Residential Solar PV Inverter Market, By Type:

Central Inverters
String Inverters
and Micro Inverters

Residential Solar PV Inverter Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Residential Solar PV Inverter Market.

Available Customizations:

Global Residential Solar PV Inverter Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Residential Solar PV Inverter Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Central Inverters, String Inverters, and Micro Inverters)
- 5.2.2. By Region
- 5.2.3. By Company (2025)
5.3. Market Map

6. North America Residential Solar PV Inverter Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Residential Solar PV Inverter Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
- 6.3.2. Canada Residential Solar PV Inverter Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
- 6.3.3. Mexico Residential Solar PV Inverter Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type

7. Europe Residential Solar PV Inverter Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Residential Solar PV Inverter Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
- 7.3.2. France Residential Solar PV Inverter Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
- 7.3.3. United Kingdom Residential Solar PV Inverter Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
- 7.3.4. Italy Residential Solar PV Inverter Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
- 7.3.5. Spain Residential Solar PV Inverter Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type

8. Asia Pacific Residential Solar PV Inverter Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Residential Solar PV Inverter Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
- 8.3.2. India Residential Solar PV Inverter Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
- 8.3.3. Japan Residential Solar PV Inverter Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
- 8.3.4. South Korea Residential Solar PV Inverter Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
- 8.3.5. Australia Residential Solar PV Inverter Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type

9. Middle East & Africa Residential Solar PV Inverter Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Residential Solar PV Inverter Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
- 9.3.2. UAE Residential Solar PV Inverter Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
- 9.3.3. South Africa Residential Solar PV Inverter Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type

10. South America Residential Solar PV Inverter Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Residential Solar PV Inverter Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
- 10.3.2. Colombia Residential Solar PV Inverter Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
- 10.3.3. Argentina Residential Solar PV Inverter Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Residential Solar PV Inverter Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Huawei Investment & Holding Co., Ltd.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Sungrow Power Supply Co., Ltd.
15.3. SolarEdge Technologies
15.4. Enphase Energy
15.5. SMA Solar Technology
15.6. Ginlong Technologies Co., Ltd.
15.7. GoodWe Technologies Co., Ltd.
15.8. POWER ELECTRONICS ESPANA, S.L.U.
15.9. FIMER
15.10. Sineng Electric Co., Ltd.