• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    US Inverter Market

    ID: MRFR/E&P/53744-HCR
    200 Pages
    Chitranshi Jaiswal
    October 2025

    US Inverter Market Research Report By Type (Solar inverter, Vehicle inverter, Others), By Output Power Rating (Below 10 kW, 10-50 kW, 51-100 kW, Above 100 kW), By End User (Residential, Photovoltaic (PV) Plants, Automotive, Others), By Connection Type (Standalone, Grid-tied), By Output Voltage (100-300 V, 301-500 V, Above 500 V) and By Sales Channel (Direct, Indirect) - Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    US Inverter Market Infographic
    Purchase Options

    US Inverter Market Summary

    The United States inverter market is poised for substantial growth, projected to reach 15.5 USD billion by 2035 from a base of 2.84 USD billion in 2024.

    Key Market Trends & Highlights

    US Inverter Key Trends and Highlights

    • The market is expected to grow from 2.84 USD billion in 2024 to 15.5 USD billion by 2035.
    • A compound annual growth rate (CAGR) of 16.68 percent is anticipated from 2025 to 2035.
    • This growth trajectory indicates a robust demand for inverters in various applications across the United States.
    • Growing adoption of renewable energy technologies due to increasing environmental concerns is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.84 (USD Billion)
    2035 Market Size 15.5 (USD Billion)
    CAGR (2025-2035) 16.68%

    Major Players

    SolarEdge Technologies, SMA Solar Technology, General Electric, Honda, Canadian Solar, ReneSola, OutBack Power, Vivint Solar, Tesla, Trina Solar, Enphase Energy, Paladin Solar, Fronius, Schneider Electric, ABB

    US Inverter Market Trends

    The trend towards energy independence among consumers is also pushing for more off-grid solutions, highlighting the need for specialized inverter systems that can function efficiently in these settings.Recent trends show an uptick in the development of microinverters and power optimizers, which are becoming popular in residential solar energy systems due to their efficiency and increased power generation. The integration of advanced communication technology within inverters is paving the way for remote monitoring and management of energy systems, allowing users to optimize their energy usage further.

    As the US continues to invest in clean and sustainable energy solutions, the inverter market remains dynamic, reflecting the nation's commitment to an eco-friendly and energy-efficient future.

    Market Segment Insights

    US Inverter Market Segment Insights

    US Inverter Market Segment Insights

    Inverter Market Type Insights

    Inverter Market Type Insights

    The US Inverter Market has been delineated into various types that cater to specific needs and applications, namely Solar inverters, Vehicle inverters, and other forms of inverters, which play critical roles in various sectors, including renewable energy and automotive. Among these, solar inverters have garnered significant attention due to the pronounced shift towards renewable energy sources in the U.S., supported by government policies promoting solar energy adoption and innovations in technology.

    The demand for solar inverters has been bolstered as more households and businesses aim to lower their carbon footprints while investing in energy independence, leading to substantial growth in the solar energy sector.

    Vehicle inverters, on the other hand, cater primarily to the growing electric vehicle (EV) market, which continues to expand as consumers increasingly recognize the benefits of environmentally friendly transportation solutions. The increase in electric vehicle production has led to greater demand for efficient inverter solutions to manage power conversion effectively. Additionally, with advancements in battery technology and charging infrastructure, the significance of vehicle inverters is expected to escalate, moving the automotive industry toward more sustainable energy consumption modes.

    Moreover, the other category encompasses various inverter technologies utilized in Industrial and commercial applications, encompassing facilities that require uninterruptible power supply systems or backup generators. This flexibility caters to diverse industries and emphasizes the increasing importance of energy efficiency and reliability across sectors. The U.S. government's initiatives for improving energy efficiency standards and investing in smart grid technologies present new opportunities for all types of inverters, further accentuating their importance in the market landscape. 

    Inverter Market Output Power Rating Insights

    Inverter Market Output Power Rating Insights

    The Output Power Rating segment of the US Inverter Market plays a crucial role in determining the efficiency and application of inverter systems across various sectors, including residential, commercial, and industrial. The segment includes categories such as Below 10 kW, 10-50 kW, 51-100 kW, and Above 100 kW, each catering to distinct energy needs and usage capabilities.

    In particular, the Below 10 kW range is significant for residential applications, facilitating the integration of renewable energy sources like solar panels into homes, thereby supporting energy independence.The 10-50 kW range serves a vital function in small to medium commercial enterprises, where reliable energy storage and management are essential for operational efficiency. The 51-100 kW segment appeals to larger commercial operations, providing power frequency regulation and enabling higher energy exports to the grid, hence contributing to stability in energy consumption.

    Finally, the Above 100 kW category predominates in industrial settings, addressing substantial power requirements and supporting energy-intensive processes, thus driving ecosystem efficiency and sustainability.The dynamics of the US Inverter Market segmentation underscore the importance of technology advancements and regulatory frameworks, which continue to influence market growth and adoption across different output power ratings.

    Inverter Market End User Insights

    Inverter Market End User Insights

    The US Inverter Market has seen a significant evolution in its End User segment, which comprises various critical applications such as Residential, Photovoltaic (PV) Plants, Automotive, and Others. In the residential sector, the increasing adoption of smart home technologies is driving demand for efficient inverters to manage energy consumption effectively.

    Photovoltaic (PV) Plants are crucial as they facilitate the transition towards renewable energy sources, significantly contributing to the reduction of greenhouse gas emissions within the US energy landscape.The automotive sector is also gaining traction, particularly with the rise of electric vehicles that require advanced power management systems to optimize performance and battery life. Additionally, the "Others" category captures a diverse range of applications, highlighting the versatility of inverters across numerous industries. Market growth in these segments is powered by favorable government policies promoting clean energy, technological advancements, and increasing awareness of sustainable practices among consumers.

    Overall, these segments play essential roles in shaping the dynamics of the US Inverter Market and benefit from the shift towards more energy-efficient solutions.

    Inverter Market Connection Type Insights

    Inverter Market Connection Type Insights

    The Connection Type segment of the US Inverter Market has become a crucial focus as it directly impacts energy management and efficiency. This segment includes various configurations like Standalone and Grid-tied systems, each addressing unique consumer needs and operational contexts. Standalone systems are significant for off-grid applications, particularly in rural areas or regions prone to power outages, as they provide reliable energy solutions without dependency on grid infrastructure.

    Conversely, Grid-tied systems are dominant in urban and suburban settings, allowing users to benefit from the electricity grid while effectively managing their renewable energy sources.Both segments are witnessing increased demand due to policy incentives that promote renewable energy, coupled with advances in technology that enhance performance and reliability. Moreover, as the US government pushes for cleaner energy solutions to combat climate change, the importance of these Connection Type systems is set to rise. The interplay between these systems reflects broader market trends focusing on sustainability and energy efficiency, showcasing the dynamic evolution of the US Inverter Market.

    Factors such as regional energy policies, consumer awareness, and technological innovations are driving these segments to gain traction, making them key players in the overall market growth narrative.

    Inverter Market Output Voltage Insights

    Inverter Market Output Voltage Insights

    The Output Voltage segment of the US Inverter Market is a crucial area that reflects the demand for efficient energy conversion solutions. The range of 100-300 V represents a significant portion of the market, primarily due to its application in residential and small commercial installations where lower power outputs are often sufficient. This segment benefits from the increasing adoption of solar energy and is driving growth in photovoltaic systems across the United States.

    The 301-500 V range is gaining traction in large-scale solar projects and industrial applications, reflecting a trend towards centralized energy generation and grid-tied systems.This segment's importance lies in its ability to balance performance with regulatory standards, making it indispensable for utility-scale producers. The Above 500 V category is emerging as a key player in high-efficiency applications due to advancements in technology providing increased energy yields and reduced installation costs. Each of these voltage ranges plays a pivotal role in optimizing energy efficiency, meeting regulatory requirements, and fostering the broader transition toward renewable energy in the US Inverter Market.

    As the electrical grid continues to evolve, each segment of the Output Voltage market presents unique opportunities and challenges that contribute to the overall growth of the US Inverter Market industry.

    Inverter Market Sales Channel Insights

    Inverter Market Sales Channel Insights

    The Sales Channel segment of the US Inverter Market plays a critical role in facilitating industry growth and distribution efficiency. The segment is divided into Direct and Indirect channels, each contributing uniquely to market dynamics. Direct sales channels are significant for providing a streamlined approach to customers, enabling manufacturers to maintain strong relationships and ensure optimized delivery and service.

    This approach often leads to higher customer satisfaction, as direct contact can allow for tailored solutions and specialized support.On the other hand, Indirect sales channels involving wholesalers and retailers dominate a considerable portion of the market, providing extensive reach and accessibility for a wider customer base. This channel leverages existing distribution networks, making it easier for consumers to access various inverter products, thereby enhancing market penetration.

    The combination of both channels allows for greater flexibility in operations and meets diverse consumer preferences, which is crucial as the US continues to emphasize renewable energy adoption.As regulatory support increases, both Direct and Indirect channels are well-positioned to capitalize on emerging opportunities and address challenges within the US Inverter Market ecosystem.

    Get more detailed insights about US Inverter Market

    Key Players and Competitive Insights

    The US Inverter Market has become increasingly competitive due to the rapid growth of the renewable energy sector, particularly solar energy. Inverters play a crucial role in converting direct current from solar panels into alternating current suitable for residential and commercial use. As a significant component of solar energy systems, the demand for advanced inverters has surged, leading to the emergence of multiple players in the market. Companies are increasingly focusing on innovations in technology, efficiency improvements, and enhanced functionalities to differentiate themselves from competitors. 

    The landscape is characterized by considerable investment in research and development to create higher-performing and more reliable inverter products, which are integral to maximizing energy yields and enhancing the overall efficiency of solar power systems. Additionally, regulatory policies promoting renewable energy usage have further stimulated competition, compelling companies to adapt and innovate to capture a greater market share.SolarEdge Technologies has established a strong foothold in the US Inverter Market is renowned for its innovative product offerings, such as power optimizers and inverter systems that enhance solar energy production.

    Its competitive advantage lies in the optimized use of solar energy by allowing for module-level power electronics, ensuring that energy yield is maximized through real-time monitoring and control over individual modules. The company's commitment to advancing technology has positioned it as a leader in the industry, especially in the residential and commercial sectors. 

    SolarEdge Technologies has successfully expanded its market presence by forging strategic partnerships with installers and distributors, enhancing its reach and support across the US. The focus on building robust customer relationships, combined with a comprehensive suite of integrated solutions, has further solidified its place in the competitive landscape of the US inverter market.SMA Solar Technology has made significant inroads in the US Inverter Market, well-recognized for its comprehensive range of inverter solutions that cater to various applications, including residential, commercial, and utility-scale installations.

    The company's strengths lie in its commitment to superior quality, reliability, and high efficiency in its products, which include string inverters and central inverters. SMA Solar Technology has strategically positioned itself within the market through continuous innovation and a focus on renewable energy conversion technologies. The company has also pursued mergers and acquisitions to enhance its technological capabilities and expand its market outreach. 

    Notably, its suite of monitoring solutions and integrated energy management systems reinforces its competitive edge. With a strong commitment to sustainability and energy transition, SMA Solar Technology has dedicated considerable resources to research and development, ensuring it meets the evolving demands of the US inverter market while complying with stringent regulatory standards.

    Key Companies in the US Inverter Market market include

    Industry Developments

    Recent developments in the US Inverter Market indicate a significant focus on innovation and sustainability. Companies like SolarEdge Technologies and Enphase Energy continue to lead in integrated inverter solutions, enhancing energy efficiency and smart technology integration. As of September 2023, SolarEdge launched a new inverter capable of supporting advanced residential energy systems, which may have substantial implications for clean energy adoption across the country. On the acquisitions front, in August 2023, Schneider Electric announced its acquisition of a solar inverter company to bolster its renewable energy offerings, reflecting a trend of consolidation that is reshaping the landscape.

    Growth in market valuations has been observed, with Enphase Energy's stock rising significantly over the past year due to increased demand for residential solar solutions. The US government has also been supportive of the industry's expansion through incentives and grants, promoting clean energy initiatives that directly impact inverter technology deployment. Notably, Tesla continues to innovate within the market, focusing on its solar products and energy storage solutions, while General Electric is expanding its inverter capabilities for larger-scale energy projects, further contributing to the competitive dynamics of the industry.

    Market Segmentation

    Inverter Market Type Outlook

    • Solar inverter
    • Vehicle inverter
    • Others 

    Inverter Market End User Outlook

    • Residential
    • Photovoltaic (PV) Plants
    • Automotive
    • Others 

    Inverter Market Sales Channel Outlook

    • Direct
    • Indirect

    Inverter Market Output Voltage Outlook

    • 100-300 V
    • 301-500 V
    • Above 500 V

    Inverter Market Connection Type Outlook

    • Standalone
    • Grid-tied

    Inverter Market Output Power Rating Outlook

    • Below 10 kW
    • 10-50 kW
    • 51-100 kW
    • Above 100 kW

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 2.84(USD Billion)
    Market Size 2025 3.5(USD Billion)
    Market Size 2035 15.5(USD Billion)
    Compound Annual Growth Rate (CAGR) 14.486% (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, General Electric, Honda, Canadian Solar, ReneSola, OutBack Power, Vivint Solar, Tesla, Trina Solar, Enphase Energy, Paladin Solar, Fronius, Schneider Electric, ABB
    Segments Covered Type, Output Power Rating, End User, Connection Type, Output Voltage, Sales Channel
    Key Market Opportunities Residential solar integration, EV charging station demand, Smart grid technology advancements, Energy storage system growth, Renewable energy incentives expansion
    Key Market Dynamics Growing renewable energy adoption, Technological advancements in efficiency, Increasing energy demand, Government incentives and regulations, Rising electricity prices
    Countries Covered US

    Leave a Comment

    FAQs

    What was the projected market size of the US Inverter Market in 2024?

    The US Inverter Market was expected to be valued at 3.5 billion USD in 2024.

    What is the expected market size of the US Inverter Market by 2035?

    By 2035, the market is anticipated to reach a valuation of 15.5 billion USD.

    What is the expected CAGR for the US Inverter Market from 2025 to 2035?

    The US Inverter Market is projected to grow at a CAGR of 14.486 percent from 2025 to 2035.

    What was the market size for solar inverters in 2024?

    The solar inverter segment was expected to be valued at 1.4 billion USD in 2024.

    What will be the market value of vehicle inverters in 2035?

    The vehicle inverter segment is projected to reach a market value of 3.3 billion USD by 2035.

    Which companies are key players in the US Inverter Market?

    Major players in the market include SolarEdge Technologies, SMA Solar Technology, and General Electric, among others.

    What market value do 'Others' segment inverters hold in 2024?

    The 'Others' category of inverters was expected to be valued at 1.1 billion USD in 2024.

    What is the projected value of solar inverters by 2035?

    The market for solar inverters is expected to grow to 6.5 billion USD by 2035.

    What are the current trends in the US Inverter Market?

    Current trends include technological advancements and an increasing demand for renewable energy sources.

    How does the growth of the US Inverter Market impact the renewable energy sector?

    The growth of the inverter market directly supports the expansion of the renewable energy sector, particularly solar power.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials

    Compare Licence

    ×
    Features License Type
    Single User Multiuser License Enterprise User
    Price $4,950 $5,950 $7,250
    Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
    Free Customization
    Direct Access to Analyst
    Deliverable Format
    Platform Access
    Discount on Next Purchase 10% 15% 15%
    Printable Versions