Market Size of Europe Solar Inverter Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.85 Billion |
| Market Size (2029) | USD 3.66 Billion |
| CAGR (2024 - 2029) | 5.06 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Solar Inverter Market Analysis
The Europe Solar Inverter Market size is estimated at USD 2.85 billion in 2024, and is expected to reach USD 3.66 billion by 2029, growing at a CAGR of 5.06% during the forecast period (2024-2029).
- Over the medium period, factors such as supportive government initiatives and investment in electrification using solar energy are expected to support the European solar inverters market.
- On the other hand, the lack of general awareness, infrastructure development costs, and recent subsidy cuts on solar panels by governments in the European region are expected to hinder the growth of the market studied during the forecast period.
- Nevertheless, inverter manufacturers strive for innovation and adoption of the latest technologies powered by solar energy. This factor is expected to create immense opportunities for the European solar inverters market in the near future.
- Germany is expected to be the fastest and largest growing market during the forecast period, with the majority of the demand coming from residential and utility-scale projects.
