Which country has the largest string inverter market?

North America holds approximately 20% of the global string inverter market share, driven by increasing solar energy adoption in the U.S. and Canada. The U.S. alone contributes nearly 80% of North America's demand, with over 50% of newly installed residential solar systems using string inverters.

What is the global string inverter market size?

String Inverter market size is estimated at USD 7639 Million in 2025 and is expected to reach USD 9527 Million by 2033 at CAGR of 2.8%.

Where do string inverters come from?

Europe accounts for around 25% of the global string inverter market, with Germany, Spain, and the U.K. being the top contributors. Germany leads with over 60% of its new solar energy projects incorporating string inverters.

Why are string inverters becoming more popular in emerging markets?

More than 85% of new solar installations in developing regions now use string inverters, reflecting a 25% growth in emerging markets. Hybrid energy systems that combine solar and storage solutions have surged by 18%, leading to a rise in demand for battery-compatible string inverters.

How much is the US string inverter market worth?

The U.S. String Inverter Market was valued at USD 7,431 million in 2024 and is projected to reach USD 7,639 million in 2025, eventually growing to USD 9,527 million by 2033, exhibiting a CAGR of 2.8% from 2025 to 2033.

Which region will dominate the string inverter market?

According to recent developments, the Asia-Pacific region is expected to dominate the market for string inverters during the forecast period. Owing to the above points and the recent developments, the total investment of a new project with an annual output of 950,000 units of string inverters in this region is estimated to be USD 0.160 billion.