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APAC Solar Hybrid Inverter Market
ID: MRFR/EnP/53967-HCR
200 Pages
June 2025
APAC Solar Hybrid Inverter Market Research Report: By Product (Single-Phase Hybrid, Three-Phase Hybrid), By Grid Type (On Grid, Off Grid), By Application (Energy Generation, Solar Energy Storage, Others), andBy Regional (China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC)- Forecast to 2035 APAC Solar Hybrid Inverter Market Overview: As per MRFR analysis, the APAC Solar Hybrid Inverter Market Size was estimated at 4
Industry Developments
In recent months, the APAC Solar Hybrid Inverter Market has witnessed significant developments, driven by increasing energy demands and the push for renewable energy solutions. Companies like Huawei Technologies and Sungrow Power Supply have continued to lead the market, unveiling advanced hybrid inverter technologies that enhance efficiency and functionality. In July 2023, SolarEdge Technologies announced the launch of a new line of solar hybrid inverters aimed at optimizing energy storage solutions for residential and commercial use. The market has also seen growth in valuation, owing to strong government incentives for solar energy integration in countries such as India and Australia. Major players like SMA Solar Technology and Delta Electronics are expanding their footprint through strategic partnerships and collaborations to enhance their offerings. Mergers and acquisitions have notably shaped the landscape; for instance, in April 2023, Fronius International acquired a significant stake in a local company to bolster its manufacturing capabilities in Asia. Furthermore, the demand for sustainable energy solutions continues to escalate, propelling further investments and innovations within the sector. The APAC region is expected to continue its rapid adoption of solar hybrid inverters as part of these broader trends.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 4.45(USD Billion) |
| MARKET SIZE 2024 | 4.84(USD Billion) |
| MARKET SIZE 2035 | 12.38(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.9% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | SolarEdge Technologies, SMA Solar Technology, TMEIC, Fronius International, LONGi Solar, Huawei Technologies, Renesola, Trina Solar, Sungrow Power Supply, GoodWe Power Supply Technology, Delta Electronics, JA Solar Technology, Rittal, Mitsubishi Electric, Victron Energy |
| SEGMENTS COVERED | Product, Grid Type, Application, Regional |
| KEY MARKET OPPORTUNITIES | Increasing renewable energy adoption, Government incentives for solar projects, Technological advancements in inverter design, Rising energy storage demand, Expanding residential solar installations |
| KEY MARKET DYNAMICS | increasing renewable energy adoption, government incentives and subsidies, rising electricity prices, technological advancements in inverters, growing demand for energy storage |
| COUNTRIES COVERED | China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC |
FAQs
What is the expected market size of the APAC Solar Hybrid Inverter Market in 2024?
The APAC Solar Hybrid Inverter Market is expected to be valued at 4.84 USD Billion in 2024.
What is the projected market growth rate from 2025 to 2035?
The market is expected to grow at a CAGR of 8.9% from 2025 to 2035.
Which country holds the largest market share in the APAC Solar Hybrid Inverter Market in 2024?
In 2024, China holds the largest market share with a value of 2.01 USD Billion.
What will be the market value of the APAC Solar Hybrid Inverter Market by 2035?
The market is projected to reach 12.38 USD Billion by 2035.
What are the expected market values for Single-Phase and Three-Phase Hybrid inverters in 2024?
Single-Phase Hybrid inverters are valued at 2.5 USD Billion and Three-Phase Hybrid at 2.34 USD Billion in 2024.
How much is the Indian market for Solar Hybrid Inverters expected to be worth in 2035?
The Indian market is expected to grow to 3.84 USD Billion by 2035.
Which key players are dominant in the APAC Solar Hybrid Inverter Market?
Major players include SolarEdge Technologies, SMA Solar Technology, TMEIC, and Huawei Technologies.
What market value is projected for renewable energy applications in the APAC region?
By 2035, the APAC Solar Hybrid Inverter Market is expected to significantly contribute to renewable energy applications across the region.
What is the expected value of the South Korean market for Solar Hybrid Inverters by 2035?
The South Korean market for Solar Hybrid Inverters is projected to value at 1.3 USD Billion by 2035.
What are the anticipated trends driving the growth of the APAC Solar Hybrid Inverter Market?
Growing investments in renewable energy and increasing demand for efficient power solutions are key trends driving market growth.
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