The market value of inverters used in solar energy systems worldwide stood at roughly 14.7 billion U.S. dollars in 2023 and is forecast to reach some 45 billion U.S. dollars in 2031. Solar panels account for the largest share of the global solar energy systems market value.
More information about the global market for solar energy systems can be found here.
Market value of inverters used in solar systems worldwide from 2021 to 2023, with a forecast until 2031
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Extrapolate. (March 11, 2024). Market value of inverters used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/statistics/1457489/global-market-size-solar-inverters/
Extrapolate. "Market value of inverters used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars)." Chart. March 11, 2024. Statista. Accessed January 06, 2025. https://www.statista.com/statistics/1457489/global-market-size-solar-inverters/
Extrapolate. (2024). Market value of inverters used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/statistics/1457489/global-market-size-solar-inverters/
Extrapolate. "Market Value of Inverters Used in Solar Systems Worldwide from 2021 to 2023, with a Forecast until 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1457489/global-market-size-solar-inverters/
Extrapolate, Market value of inverters used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1457489/global-market-size-solar-inverters/ (last visited January 06, 2025)
Market value of inverters used in solar systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph], Extrapolate, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1457489/global-market-size-solar-inverters/
