Solar Hybrid Inverter Market Research Report - Global Forecast till 2027

Global Solar Hybrid Inverter Market Research Report: Information by Product (Single-Phase Hybrid, Three-Phase Hybrid), End-User (Commercial, Residential and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/E&P/6980-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of the report has been updated from 2019-2025 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


Solar hybrid inverters apart from converting direct current to alternate current can also store excess power while working with batteries. These types of inverters solve the issues related to renewable energy variability and unreliable grid inverter structures. These inverters are also available in the range of hybrid solar inverter 48V. Hybrid inverter with solar battery charging and hybrid grid-tie inverter are some of the advanced inverters available worldwide.


The Global Solar Hybrid Inverter Market size is projected to reach USD 12,829.0 Million by 2025 from an estimated USD 7,633.4 million, with 9.04% CAGR from 2019 to 2025.  


The primary growth drivers of the global solar hybrid inverter market include rising investments in solar power systems and favorable government initiatives and policies. These policies are likely to boost the solar hybrid inverter industry as these policies will encourage the use of efficient solar devices including solar hybrid inverters.  Moreover, a solar hybrid inverter is a solar hybrid UPS system with two inbuilt chargers such as grid chargers and solar chargers and provide instant power supply in case of grid power failure. Also, products such as Solaredge hybrid inverters and Infini inverters are aimed at providing energy outputs through maximum power point tracking, adding to the market growth.


The global solar hybrid inverter market is projected to grow at a high rate during the forecast period.  Solar hybrid inverters are frequently used in developing countries, especially the countries where access to a reliable power grid is a major concern. Moreover, in countries such as India and South Africa, increasing installation of microgrid is also likely to positively impact the solar hybrid inverter market. Apart from developing countries, many developed countries of North America and Europe are also increasingly deploying solar hybrid inverters in the situation of weak grids. However, the high cost of solar inverters and high maintenance costs is one of the major restraints that could hinder the global solar hybrid inverter market. The growing demand for polycrystalline solar panels is expected to be an opportunity for global solar hybrid inverter market players.  


Major players are manufacturing solar hybrid inverters that are highly competitive and provide significant efficiency to the end-users. They focus on new product development as a key strategy in order to offer the suitable solar hybrid inverters. For instance, in August 2017, ABB entered into a contract to supply solar inverters for two solar photovoltaic power plants, Jordan. This contract has benefitted ABB in strengthening its market in the Middle East, thereby enhancing the local presence. Other major players are also involved in introducing innovative products. 


The global Solar Hybrid Inverter Market has been segmented based on product and End User. By product, the global market is classified into single-phase hybrid solar inverter and three-phase hybrid solar inverter. The three-phase hybrid segment is set to dominate the global market owing to its application in residential as well as commercial areas. By End User, the market is segmented as commercial, residential, and others. The commercial segment is poised to grow with the highest CAGR during the forecast period as these kind of solar hybrid inverters are unique in its ability to control the performance of the PV panels in the wide range of applications within commercial applications.


The global market for solar hybrid inverter is expected to grow at ~9.04% CAGR during the forecast period


Market Segmentation  solar hybrid inverter market


The market is expected to witness high growth during the forecast period owing to increasing investments in solar power systems and growing government policies. 


By region, the global solar hybrid inverter market is segmented as Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific holds the largest solar hybrid inverter market share as many key solar hybrid inverters manufacturers are expanding their operations in Asia-Pacific as Asia-Pacific is a potential market for solar hybrid inverters. For instance, in 2019, Sungrow, one of the leading inverter suppliers for the renewable sector is accelerating its foothold in South Korea and Vietnam.  


Key Players


The key players operating in the global Solar Hybrid Inverter Market are Flin Energy (India), Havells (India), Schneider Electric (France), Microtek Inverters (India), Delta Energy Systems (Germany), Pure Volt (India), Su-Kam power systems (India), Redback Technologies (Australia), Luminous (India), EAST Group (China), KACO new energy (Germany), Tabuchi Electric (US), SolarEdge Technologies (Israel), Voltronic Power Technology (Taiwan), and SolaX Power (China).


Intended Audience



  • Government and research organization

  • Manufacturing companies of solar hybrid inverters

  • Investors and shareholders

  • Associations for renewables



Frequently Asked Questions (FAQ) :


The solar hybrid inverter market can thrive at 9.04% CAGR by 2025.

The solar hybrid inverter market can value at USD 12,829.0 Mn by 2025.

SolarEdge Technologies (Israel), Tabuchi Electric (US), SolaX Power (China), and Voltronic Power Technology (Taiwan) some reputed companies in the solar hybrid inverter market.

In 2019, the worldwide market of solar hybrid valued at USD 7,633.4 Mn.

Solar hybrid inverters are used for settling residential and commercial thermal needs.

Table of Contents

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

3. Research Methodology

3.1. Primary Research

3.2. Secondary Research

3.3. Market size Estimation

3.4. Forecast Model

3.5. List of Assumptions

3.6. Limitations of the study

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Market Drivers

5.3. Market Restraints

5.4. Market Opportunities

5.5. Value Chain/Supply Chain Analysis

5.6. Porter’s Five Forces Analysis

5.6.1. Threat of New Entrants

5.6.2. Bargaining Power of Buyers

5.6.3. Bargaining Power of Suppliers

5.6.4. Threat of Substitutes

5.6.5. Competitive Rivalry

6. Global Solar Hybrid Inverter Market, by Product

6.1. Introduction

6.2. Single-phase Hybrid

6.2.1. Single-phase Hybrid: Market Estimates & Forecast, by Region/Country, 2020–2027

6.3. Three-phase Hybrid

6.3.1. Three-phase Hybrid: Market Estimates & Forecast, by Region/Country, 2020–2027

7. Global Solar Hybrid Inverter Market, by End User

7.1. Introduction

7.2. Commercial

7.2.1. Commercial: Market Estimates & Forecast, by Region/Country, 2020–2027

7.3. Residential

7.3.1. Residential: Market Estimates & Forecast, by Region/Country, 2020–2027

7.4. Others

7.4.1. Others: Market Estimates & Forecast, by Region/Country, 2020–2027

8. Global Solar Hybrid Inverter Market, by Region

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast, by Country, 2020–2027

8.2.2. Market Estimates & Forecast, by Product, 2020–2027

8.2.3. Market Estimates & Forecast, by End User, 2020–2027

8.2.4. US

8.2.4.1. Market Estimates & Forecast, by Product, 2020–2027

8.2.4.2. Market Estimates & Forecast, by End User, 2020–2027

8.2.5. Canada

8.2.5.1. Market Estimates & Forecast, by Product, 2020–2027

8.2.5.2. Market Estimates & Forecast, by End User, 2020–2027

8.2.6. Mexico

8.2.6.1. Market Estimates & Forecast, by Product, 2020–2027

8.2.6.2. Market Estimates & Forecast, by End User, 2020–2027

8.3. Europe

8.3.1. Market Estimates & Forecast, by Country, 2020–2027

8.3.2. Market Estimates & Forecast, by Product, 2020–2027

8.3.3. Market Estimates & Forecast, by End User, 2020–2027

8.3.4. UK

8.3.4.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.4.2. Market Estimates & Forecast, by End User, 2020–2027

8.3.5. France

8.3.5.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.5.2. Market Estimates & Forecast, by End User, 2020–2027

8.3.6. Germany

8.3.6.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.6.2. Market Estimates & Forecast, by End User, 2020–2027

8.3.7. Italy

8.3.7.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.7.2. Market Estimates & Forecast, by End User, 2020–2027

8.3.8. Rest of Europe

8.3.8.1. Market Estimates & Forecast, by Product, 2020–2027

8.3.8.2. Market Estimates & Forecast, by End User, 2020–2027

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, by Country, 2020–2027

8.4.2. Market Estimates & Forecast, by Product, 2020–2027

8.4.3. Market Estimates & Forecast, by End User, 2020–2027

8.4.4. China

8.4.4.1. Market Estimates & Forecast, by Product, 2020–2027

8.4.4.2. Market Estimates & Forecast, by End User, 2020–2027

8.4.5. Japan

8.4.5.1. Market Estimates & Forecast, by Product, 2020–2027

8.4.5.2. Market Estimates & Forecast, by End User, 2020–2027

8.4.6. India

8.4.6.1. Market Estimates & Forecast, by Product, 2020–2027

8.4.6.2. Market Estimates & Forecast, by End User, 2020–2027

8.4.7. Rest of Asia-Pacific

8.4.7.1. Market Estimates & Forecast, by Product, 2020–2027

8.4.7.2. Market Estimates & Forecast, by End User, 2020–2027

8.5. Middle East & Africa

8.5.1. Market Estimates & Forecast, by Country, 2020–2027

8.5.2. Market Estimates & Forecast, by Product, 2020–2027

8.5.3. Market Estimates & Forecast, by End User, 2020–2027

8.5.4. Saudi Arabia

8.5.4.1. Market Estimates & Forecast, by Product, 2020–2027

8.5.4.2. Market Estimates & Forecast, by End User, 2020–2027

8.5.5. UAE

8.5.5.1. Market Estimates & Forecast, by Product, 2020–2027

8.5.5.2. Market Estimates & Forecast, by End User, 2020–2027

8.5.6. South Africa

8.5.6.1. Market Estimates & Forecast, by Product, 2020–2027

8.5.6.2. Market Estimates & Forecast, by End User, 2020–2027

8.5.7. Rest of Middle East & Africa

8.5.7.1. Market Estimates & Forecast, by Product, 2020–2027

8.5.7.2. Market Estimates & Forecast, by End User, 2020–2027

8.6. South America

8.6.1. Market Estimates & Forecast, by Country, 2020–2027

8.6.2. Market Estimates & Forecast, by Product, 2020–2027

8.6.3. Market Estimates & Forecast, by End User, 2020–2027

8.6.4.

8.6.5. Brazil

8.6.5.1. Market Estimates & Forecast, by Product, 2020–2027

8.6.5.2. Market Estimates & Forecast, by End User, 2020–2027

8.6.6. Argentina

8.6.6.1. Market Estimates & Forecast, by Product, 2020–2027

8.6.6.2. Market Estimates & Forecast, by End User, 2020–2027

8.6.7. Rest of South America

8.6.7.1. Market Estimates & Forecast, by Product, 2020–2027

8.6.7.2. Market Estimates & Forecast, by End User, 2020–2027

9. Competitive Landscape

9.1. Competitive Scenario

9.2. Competitive Benchmarking of the Global Solar Hybrid Inverter Market

9.3. Major Growth Strategy in the Global Solar Hybrid Inverter Market

9.4. Market Share Analysis, 2020

9.5. XX: The Leading Player in terms of Number of Developments in Global Solar Hybrid Inverter Market

9.6. New Product Development

9.7. Mergers & Acquisitions

9.8. Contracts & Agreements

9.9. Expansions & Investments

10. Company Profile

10.1. Flin Energy (India)

10.1.1. Company Overview

10.1.2. Products/Services Offering

10.1.3. Financial Overview

10.1.4. Key Developments

10.1.5. Strategy

10.1.6. SWOT Analysis

10.2. Havells (India)

10.2.1. Company Overview

10.2.2. Products/Services Offering

10.2.3. Financial Overview

10.2.4. Key Developments

10.2.5. Strategy

10.2.6. SWOT Analysis

10.3. Schneider Electric (France)

10.3.1. Company Overview

10.3.2. Products/Services Offering

10.3.3. Financial Overview

10.3.4. Key Developments

10.3.5. Strategy

10.3.6. SWOT Analysis

10.4. Microtek Inverters (India)

10.4.1. Company Overview

10.4.2. Products/Services Offering

10.4.3. Financial Overview

10.4.4. Key Developments

10.4.5. Strategy

10.4.6. SWOT Analysis]

10.5. Delta Energy systems (Germany)

10.5.1. Company Overview

10.5.2. Products/Services Offering

10.5.3. Financial Overview

10.5.4. Key Developments

10.5.5. Strategy

10.5.6. SWOT Analysis

10.6. Pure Volt (India)

10.6.1. Company Overview

10.6.2. Products/Services Offering

10.6.3. Financial Overview

10.6.4. Key Developments

10.6.5. Strategy

10.7. Su-kam power systems (India)

10.7.1. Company Overview

10.7.2. Products/Services Offering

10.7.3. Financial Overview

10.7.4. Key Developments

10.7.5. Strategy

10.8. Redback Technologies (Australia)

10.8.1. Company Overview

10.8.2. Products/Services Offering

10.8.3. Financial Overview

10.8.4. Key Developments

10.8.5. Strategy

10.9. Luminous (India)

10.9.1. Company Overview

10.9.2. Products/Services Offering

10.9.3. Financial Overview

10.9.4. Key Developments

10.9.5. Strategy

10.10. EAST Group (China)

10.10.1. Company Overview

10.10.2. Products/Services Offering

10.10.3. Financial Overview

10.10.4. Key Developments

10.10.5. Strategy

10.11. KACO new energy (Germany)

10.11.1. Company Overview

10.11.2. Products/Services Offering

10.11.3. Financial Overview

10.11.4. Key Developments

10.11.5. Strategy

10.12. Tabuchi Electric (US)

10.12.1. Company Overview

10.12.2. Products/Services Offering

10.12.3. Financial Overview

10.12.4. Key Developments

10.12.5. Strategy

10.13. SolarEdge Technologies (Israel)

10.13.1. Company Overview

10.13.2. Products/Services Offering

10.13.3. Financial Overview

10.13.4. Key Developments

10.13.5. Strategy

10.14. Voltronic Power Technology (Taiwan)

10.14.1. Company Overview

10.14.2. Products/Services Offering

10.14.3. Financial Overview

10.14.4. Key Developments

10.14.5. Strategy

10.15. SolaX Power (China)

10.15.1. Company Overview

10.15.2. Products/Services Offering

10.15.3. Financial Overview

10.15.4. Key Developments

10.15.5. Strategy

11. Appendix

11.1. References

11.2. Related Reports

11.3. List of Abbreviations

List of Tables


Table 1 List of Assumptions

Table 2 Global Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 3 Global Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 4 Global Solar Hybrid Inverter Market, by Region, 2020–2027, (USD Million)

Table 5 North America: Solar Hybrid Inverter Market, by Country, 2020–2027, (USD Million)

Table 6 North America: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 7 North America: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 8 US: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 9 US: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 10 Canada: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 11 Canada: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 12 Mexico: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 13 Mexico: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 14 Europe: Solar Hybrid Inverter Market, by Country, 2020–2027, (USD Million)

Table 15 Europe: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 16 Europe: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 17 UK: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 18 UK: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 19 France: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 20 France: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 21 Italy: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 22 Italy: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 23 Germany: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 24 Germany: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 25 Rest of Europe: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 26 Rest of Europe: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 27 Asia-Pacific: Solar Hybrid Inverter Market, by Country, 2020–2027, (USD Million)

Table 28 Asia-Pacific: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 29 Asia-Pacific: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 30 China: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 31 China: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 32 India: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 33 India: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 34 Japan: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 35 Japan: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 36 Rest of Asia-Pacific: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 37 Rest of Asia-Pacific: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 38 Middle East & Africa: Solar Hybrid Inverter Market, by Country, 2020–2027, (USD Million)

Table 39 Middle East & Africa: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 40 Middle East & Africa: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 41 Saudi Arabia: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 42 Saudi Arabia: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 43 UAE: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 44 UAE: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 45 South Africa: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 46 South Africa: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 47 Rest of the Middle East & Africa: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 48 Rest of the Middle East & Africa: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 49 South America: Solar Hybrid Inverter Market, by Country, 2020–2027, (USD Million)

Table 50 South America: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 51 South America: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 52 Brazil: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 53 Brazil: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 54 Argentina: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 55 Argentina: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 56 Rest of South America: Solar Hybrid Inverter Market, by Product, 2020–2027, (USD Million)

Table 57 Rest of South America: Solar Hybrid Inverter Market, by End User, 2020–2027, (USD Million)

Table 58 Player 1: The Most Active Player in the Solar Hybrid Inverter Market

Table 59 Company 1: Product Offering

Table 60 Company 1: Key Developments


List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down & Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Solar Hybrid Inverter Market Share, by Product, 2020 (%)

Figure 9 Global Solar Hybrid Inverter Market, by Product, 2020–2027 (USD Million)

Figure 10 Global Solar Hybrid Inverter Market Share, by End User, 2020 (%)

Figure 11 Global Solar Hybrid Inverter Market Share (%), by Region, 2020

Figure 12 Global Solar Hybrid Inverter Market, by Region, 2020–2027 (USD Million)

Figure 13 North America: Solar Hybrid Inverter Market Share (%), 2020

Figure 14 North America: Solar Hybrid Inverter Market, by Country, 2020–2027 (USD Million)

Figure 15 Europe Solar Hybrid Inverter Market Share (%), 2020

Figure 16 Europe Solar Hybrid Inverter Market, by Country, 2020–2027 (USD Million)

Figure 17 Asia-Pacific Solar Hybrid Inverter Market Share (%), 2020

Figure 18 Asia-Pacific Solar Hybrid Inverter Market, by Country, 2020–2027 (USD Million)

Figure 19 Middle East & Africa Solar Hybrid Inverter Market Share (%), 2020

Figure 20 Middle East & Africa Solar Hybrid Inverter Market, by Country, 2020–2027 (USD Million)

Figure 21 South America Solar Hybrid Inverter Market Share (%), 2020

Figure 22 South America Solar Hybrid Inverter Market, by Country, 2020–2027 (USD Million)

Figure 23 Market Share Analysis, 2020

Figure 24 Company 1: Total Revenue (2020)

Figure 25 Company 1: Swot Analysis