The global PV Inverter Market saw 589 GWac of PV inverter shipments in 2024, marking an increase from 536 GWac in 2023. Asia-Pacific held approximately 48. 1 % market share in 2025, while string inverters accounted for 48. I need the full data tables, segment breakdown, and competitive landscape for detailed regional analysis and revenue estimates. Solar inverters. This growth is as a result of higher demand for photovoltaic (PV) products in the international market that is expected to be high because of improved technologies in solar and policies that support their use. 57 billion by 2030, up from USD 25. This robust growth is driven by accelerating investments in renewable energy generation, widespread deployment of utility-scale and distributed PV. As per the PV Inverter Market analysis conducted by the CMI team, the global PV inverter market is expected to record a CAGR of 21. 0% during the forecast period 2025-2031. tariff framework pose substantial volatility. This report provides rankings of the top PV inverter manufacturers based on megawatts shipped, which are broken down globally, regionally, by product type, and by major market.