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Solar inverter market share data and forecasts

1 minute read

The global PV inverter and module-level power electronics (MLPE) market breached $9 billion for the first time in 2019. In the same year, inverter shipments also hit a record high, falling short of 130 GW, according to our new report.

Wood Mackenzie (largely as GTM Research, pre-acquisition) has been tracking the PV inverter space for nearly a decade. 

Recent findings from Wood Mackenzie's solar inverter team include:

Taxonomy showing leading pv inverter vendors

If you're looking for inverter market share data and ongoing forecasts, you've come to the right place. Available through several different packages and tools, Wood Mackenzie clients can access:

  • Biannual market share data for inverter suppliers, broken down by region and country
  • Annual vendor profiles for leading global inverter suppliers
  • Annual global market share data, broken down by country
  • Price forecasts by country and inverter type, updated annually
  • Quarterly state-level* market share data for U.S. residential market segment
  • Quarterly state-level* market share data for U.S. commercial market segment
  • Key trends in the global solar and energy storage inverter landscape

Want a demo of our inverter research and dashboards? Complete the form on the top of the page to get in touch.

*Not available for all 50 U.S. states