Global String Inverters Market Size, Share, Growth Trends & Forecast (2025–2032) | CAGR 10.4%
The global string inverters market was valued at USD 7,061 million in 2024 and is projected to reach USD 13,890 million by 2032, expanding at a healthy CAGR of 10.4% during the forecast period (2025–2032), according to Intel Market Research.This growth is primarily driven by the accelerating deployment of solar photovoltaic (PV) systems worldwide, strong government incentives supporting renewable energy adoption, and continuous technological advancements in power electronics. String inverters remain the preferred solution across residential, commercial, and utility-scale solar projects due to their cost-effectiveness, high efficiency, and operational flexibility.
The global string inverters market was valued at USD 7,061 million in 2024 and is projected to reach USD 13,890 million by 2032, expanding at a healthy CAGR of 10.4% during the forecast period (2025–2032), according to Intel Market Research.This growth is primarily driven by the accelerating deployment of solar photovoltaic (PV) systems worldwide, strong government incentives supporting renewable energy adoption, and continuous technological advancements in power electronics. String inverters remain the preferred solution across residential, commercial, and utility-scale solar projects due to their cost-effectiveness, high efficiency, and operational flexibility.
Global String Inverters Market Size, Share, Growth Trends & Forecast (2025–2032) | CAGR 10.4%
The global string inverters market was valued at USD 7,061 million in 2024 and is projected to reach USD 13,890 million by 2032, expanding at a healthy CAGR of 10.4% during the forecast period (2025–2032), according to Intel Market Research.This growth is primarily driven by the accelerating deployment of solar photovoltaic (PV) systems worldwide, strong government incentives supporting renewable energy adoption, and continuous technological advancements in power electronics. String inverters remain the preferred solution across residential, commercial, and utility-scale solar projects due to their cost-effectiveness, high efficiency, and operational flexibility.
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