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Solar PV Modules and Inverters Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030

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    Report

  • 269 Pages
  • October 2025
  • Region: Global
  • GlobalData
  • ID: 5938984
The analyst's latest report, "Solar PV Modules and Inverters Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030," provides comprehensive insights into the global solar PV module and inverter markets. The report includes an in-depth analysis at the global, regional (Asia-Pacific, Americas, Europe, and the Middle East and Africa), and key country levels (the US, Brazil, China, India, Japan, the UK, Germany, and Italy).

The report examines the capacity and market value of the PV modules market, categorized by technology for both historical (2020-2024) and forecast (2025-2030) periods. It also analyzes the capacity of the PV inverters market based on consumer segments and outlines the market value. The solar PV module technologies discussed in the report include crystalline silicon (c-Si) and thin-film, while the consumer categories for the PV inverters market analysis consist of Residential, Commercial, and Utility-scale. Additionally, the report covers market overviews, drivers and restraints affecting the market, key policies and initiatives, major upcoming projects, recent tenders issued, and contracts signed at key country levels. It also provides global market share information.

The report is compiled using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by the analyst's team of industry experts.

Scope

  • The report analyzes the solar PV module and inverter market. Its scope includes:
  • Analysis of the solar PV module and inverter markets, focusing on market value and capacity at both global and regional levels, including Asia-Pacific, the Americas, Europe, and the Middle East and Africa (EMEA).
  • A detailed analysis of the solar PV module and inverter markets for key countries, including the US, Brazil, China, India, Japan, the UK, Germany, and Italy.
  • Country-level analysis of solar market value and capacity for both historical (2020-2024) and forecast (2025-2030) periods.
  • Global market share data for the year 2024, along with information on major upcoming projects, recent tenders issued, and contracts signed at the country level.
  • A discussion of market drivers and restraints, their impact on the markets, and an overview of key policies and regulations.

Reasons to Buy

The report will enhance your decision-making capability in a more rapid and time sensitive manner. It will allow you to:

  • Facilitate decision-making by analyzing historical and forecast data on the solar PV module and inverter markets.
  • Develop strategies based on market developments.
  • Identify key partners and business development opportunities by understanding the activities of major competitors in the market.
  • Respond effectively to your competitors’ business structures, strategies, and prospects.

Table of Contents

1 Executive Summary
1.1 Global Solar PV Modules’ Market to Register $80.7 billion by 2030, led by Asia-Pacific
1.2 Global Solar PV Utility-Scale Inverters Market Expected to Reach 289.8GW by 2030
2 Introduction
2.1 Solar PV Modules and Inverters, Solar Photovoltaic Technology Overview
2.2 Solar PV Modules and Inverters, Classifications
2.3 Solar PV Modules and Inverters, the analyst Report Guidance
3 Solar PV Modules and Inverters, Global
3.1 Solar PV, Global, Market Overview
3.2 Solar PV Modules and Inverters, Global, Market Size Analysis
3.3 Solar PV Modules and Inverters, Global, Market Share, 2024
4 Solar PV Modules and Inverters, Americas
4.1 Solar PV, Americas, Market Overview
4.2 Solar PV Modules and Inverters, Americas, Market Size Analysis
5 Solar PV Modules and Inverters, US
5.1 Solar PV, US, Market Overview
5.2 Solar PV, US, Key Policies and Initiatives
5.3 Solar PV Modules and Inverters, US, Market Drivers and Restraints
5.4 Solar PV Modules and Inverters, US, Market Size Analysis
5.5 Solar PV Modules and Inverters, US, Tenders and Contracts
5.6 Solar PV, US, Major Upcoming Solar PV Projects
6 Solar PV Modules and Inverters, Brazil
6.1 Solar PV, Brazil, Market Overview
6.2 Brazil, Key Policies and Initiatives
6.3 Solar PV Modules and Inverters, Brazil, Market Drivers and Restraints
6.4 Solar PV Modules and Inverters, Brazil, Market Size Analysis
6.5 Solar PV Modules and Inverters, Brazil, Tenders and Contracts
6.6 Solar PV, Brazil, Major Upcoming Solar PV Projects
7 Solar PV Modules and Inverters, Asia-Pacific
7.1 Solar PV, Asia-Pacific, Market Overview
7.2 Solar PV Modules and Inverters, Asia-Pacific, Market Size Analysis
8 Solar PV Modules and Inverters, China
8.1 Solar PV, China, Market Overview
8.2 China, Key Policies and Initiatives
8.3 Solar PV Modules and Inverters, China, Market Drivers and Restraints
8.4 Solar PV Modules and Inverters, China, Market Size Analysis
8.5 Solar PV Modules and Inverters, China, Tenders and Contracts
8.6 Solar PV, China, Major Upcoming Solar PV Projects
9 Solar PV Modules and Inverters, India
9.1 Solar PV, India, Market Overview
9.2 India, Key Policies and Initiatives
9.3 Solar PV Modules and Inverters, India, Market Drivers and Restraints
9.4 Solar PV Modules and Inverters, India, Market Size Analysis
9.5 Solar PV Modules and Inverters, India, Tenders and Contracts
9.6 Solar PV, India, Major Upcoming Solar PV Projects
10 Solar PV Modules and Inverters, Japan
10.1 Solar PV, Japan, Market Overview
10.2 Japan, Key Policies and Initiatives
10.3 Solar PV Modules and Inverters, Japan, Market Drivers and Restraints
10.4 Solar PV Modules and Inverters, Japan, Market Size Analysis
10.5 Solar PV Modules and Inverters, Japan, Tenders and Contracts
10.6 Solar PV, Japan, Major Upcoming Solar PV Projects
11 Solar PV Modules and Inverters, EMEA
11.1 Solar PV, EMEA, Market Overview
11.2 Solar PV Modules and Inverters, EMEA, Market Size Analysis
12 Solar PV Modules and Inverters, UK
12.1 Solar PV, UK, Market Overview
12.2 UK, Key Policies and Initiatives
12.3 Solar PV Modules and Inverters, UK, Market Drivers and Restraints
12.4 Solar PV Modules and Inverters, UK, Market Size Analysis
12.5 Solar PV Modules and Inverters, UK, Tenders and Contracts
12.6 Solar PV, UK, Major Upcoming Solar PV Projects
13 Solar PV Modules and Inverters, Germany
13.1 Solar PV, Germany, Market Overview
13.2 Germany, Key Policies and Initiatives
13.3 Solar PV Modules and Inverters, Germany, Market Drivers and Restraints
13.4 Solar PV Modules and Inverters, Germany, Market Size Analysis
13.5 Solar PV Modules and Inverters, Germany, Tenders and Contracts
13.6 Solar PV, Germany, Major Upcoming Solar PV Projects
14 Solar PV Modules and Inverters, Italy
14.1 Solar PV, Italy, Market Overview
14.2 Italy, Key Policies and Initiatives
14.3 Solar PV Modules and Inverters, Italy, Market Drivers and Restraints
14.4 Solar PV Modules and Inverters, Italy, Market Size Analysis
14.5 Solar PV Modules and Inverters, Italy, Tenders and Contracts
14.6 Solar PV, Italy, Major Upcoming Solar PV Projects
15 Appendix
15.1 Abbreviations
15.2 Research Methodology
15.3 Research Methodology
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List of Tables
Table 1: Solar PV Modules Annual Market Capacity (GW), Global, 2020-2030
Table 2: Solar PV Modules Annual Market Value ($B), Global, 2020-2030
Table 3: Solar PV Inverters Annual Market Capacity (GW), Global, 2020-2030
Table 4: Solar PV Inverters Annual Market Value ($B), Global, 2020-2030
Table 5: Solar PV Modules Market, Global, Market Share, Crystalline Technology, 2024
Table 6: Solar PV Modules Market, Global Market Share, Thin-Film Technology, 2024
Table 7: Solar PV Inverters Market, Global Market Share, 2024
Table 8: Solar PV Modules Annual Market Capacity (GW), Americas, 2020-2030
Table 9: Solar PV Modules Annual Market Value ($B), Americas, 2020-2030
Table 10: Solar PV Inverters Annual Market Capacity (GW), Americas, 2020-2030
Table 11: Solar PV Inverters Annual Market Value ($B), Americas, 2020-2030
Table 12: Solar PV Modules Annual Market Capacity (MW), US, 2020-2030
Table 13: Solar PV Modules Annual Market Value ($M), US, 2020-2030
Table 14: Solar PV Inverters Annual Market Capacity (MW), US, 2020-2030
Table 15: Solar PV Inverters Annual Market Value ($M), US, 2020-2030
Table 16: Solar PV Modules and Inverters, US, Recent Tenders and Contracts
Table 17: US, Upcoming Solar PV Projects
Table 18: Solar PV Modules Annual Market Capacity (MW), Brazil, 2020-2030
Table 19: Solar PV Modules Annual Market Value ($M), Brazil, 2020-2030
Table 20: Solar PV Inverters Annual Market Capacity (MW), Brazil, 2020-2030
Table 21: Solar PV Inverters Annual Market Value ($M), Brazil, 2020-2030
Table 22: Solar PV Modules and Inverters, Brazil, Recent Tenders and Contracts
Table 23: Brazil, Upcoming Solar PV Projects
Table 24: Solar PV Modules Annual Market Capacity (GW), Asia-Pacific, 2020-2030
Table 25: Solar PV Modules Annual Market Value ($B), Asia-Pacific, 2020-2030
Table 26: Solar PV Inverters Annual Market Capacity (GW), Asia-Pacific, 2020-2030
Table 27: Solar PV Inverters Annual Market Value ($B), Asia-Pacific, 2020-2030
Table 28: Solar PV Modules Annual Market Capacity (MW), China, 2020-2030
Table 29: Solar PV Modules Annual Market Value ($M), China, 2020-2030
Table 30: Solar PV Inverters Annual Market Capacity (MW), China, 2020-2030
Table 31: Solar PV Inverters Annual Market Value ($M), China, 2020-2030
Table 32: Solar PV Modules and Inverters, China, Recent Tenders and Contracts
Table 33: China, Upcoming Solar PV Projects
Table 34: PM Surya Ghar: Muft Bijli Yojana Subsidy Details, India
Table 35: Solar PV Modules Annual Market Capacity (MW), India, 2020-2030
Table 36: Solar PV Modules Annual Market Value ($M), India, 2020-2030
Table 37: Solar PV Inverters Annual Market Capacity (MW), India, 2020-2030
Table 38: Solar PV Inverters Annual Market Value ($M), India, 2020-2030
Table 39: Solar PV Modules and Inverters, India, Recent Tenders and Contracts
Table 40: India, Upcoming Solar PV Projects
Table 41: Solar power generation for homes and businesses (ineligible for bidding)
Table 42: Solar PV Modules Annual Market Capacity (MW), Japan, 2020-2030
Table 43: Solar PV Modules Annual Market Value ($M), Japan, 2020-2030
Table 44: Solar PV Inverters Annual Market Capacity (MW), Japan, 2020-2030
Table 45: Solar PV Inverters Annual Market Value ($M), Japan, 2020-2030
Table 46: Solar PV Modules and Inverters, Japan, Recent Tenders and Contracts
Table 47: Japan, Upcoming Solar PV Projects
Table 48: Solar PV Modules Annual Market Capacity (GW), EMEA, 2020-2030
Table 49: Solar PV Modules Annual Market Value ($B), EMEA, 2020-2030
Table 50: Solar PV Inverters Annual Market Capacity (GW), EMEA, 2020-2030
Table 51: Solar PV Inverters Annual Market Value ($B), EMEA, 2020-2030
Table 52: Solar PV Modules Annual Market Capacity (MW), UK, 2020-2030
Table 53: Solar PV Modules Annual Market Value ($M), UK, 2020-2030
Table 54: Solar PV Inverters Annual Market Capacity (MW), UK, 2020-2030
Table 55: Solar PV Inverters Annual Market Value ($M), UK, 2020-2030
Table 56: Solar PV Modules and Inverters, UK, Recent Tenders and Contracts
Table 57: UK, Upcoming Solar PV Projects
Table 58: Solar PV Modules Annual Market Capacity (MW), Germany, 2020-2030
Table 59: Solar PV Modules Annual Market Value ($M), Germany, 2020-2030
Table 60: Solar PV Inverters Annual Market Capacity (MW), Germany, 2020-2030
Table 61: Solar PV Inverters Annual Market Value ($M), Germany, 2020-2030
Table 62: Solar PV Modules and Inverters, Germany, Recent Tenders and Contracts
Table 63: Germany, Upcoming Solar PV Projects
Table 64: Solar PV Modules Annual Market Capacity (MW), Italy, 2020-2030
Table 65: Solar PV Modules Annual Market Value ($M), Italy, 2020-2030
Table 66: Solar PV Inverters Annual Market Capacity (MW), Italy, 2020-2030
Table 67: Solar PV Inverters Annual Market Value ($M), Italy, 2020-2030
Table 68: Solar PV Modules and Inverters, Italy, Recent Tenders and Contracts
Table 69: Italy, Upcoming Solar PV Projects
Table 70: Solar PV Modules and Inverters, Abbreviations
List of Figures
Figure 1: Regional Solar PV Modules Market Value ($B), 2024 and 2030
Figure 2: Global Solar PV Inverters Annual Market Capacity (GW), 2024 and 2030
Figure 3: Solar PV System, and its Main Components
Figure 4: Types of Solar PV Inverters Based on Application
Figure 5: Types of Solar PV Inverters Based on System Architecture
Figure 6: Solar PV Modules Annual Market Capacity (GW), Global, 2020-2030
Figure 7: Solar PV Modules Annual Market Value ($B), Global, 2020-2030
Figure 8: Solar PV Inverters Annual Market Capacity (GW), Global, 2020-2030
Figure 9: Solar PV Inverters Annual Market Value ($B), Global, 2020-2030
Figure 10: Solar PV Modules Market, Global Market Share, Crystalline Technology, 2024
Figure 11: Solar PV Modules Market, Global Market Share, Thin-Film Technology, 2024
Figure 12: Solar PV Inverters Market, Global Market Share, 2024
Figure 13: Solar PV Modules Annual Market Capacity (GW), Americas, 2020-2030
Figure 14: Solar PV Modules Annual Market Value ($B), Americas, 2020-2030
Figure 15: Solar PV Inverters Annual Market Capacity (GW), Americas, 2020-2030
Figure 16: Solar PV Inverters Annual Market Value ($B), Americas, 2020-2030
Figure 17: Solar PV Modules Annual Market Capacity (MW), US, 2020-2030
Figure 18: Solar PV Modules Annual Market Value ($M), US, 2020-2030
Figure 19: Solar PV Inverters Annual Market Capacity (MW), US, 2020-2030
Figure 20: Solar PV Inverters Annual Market Value ($M), US, 2020-2030
Figure 21: Solar PV Modules Annual Market Capacity (MW), Brazil, 2020-2030
Figure 22: Solar PV Modules Annual Market Value ($M), Brazil, 2020-2030
Figure 23: Solar PV Inverters Annual Market Capacity (MW), Brazil, 2020-2030
Figure 24: Solar PV Inverters Annual Market Value ($M), Brazil, 2020-2030
Figure 25: Solar PV Modules Annual Market Capacity (GW), Asia-Pacific, 2020-2030
Figure 26: Solar PV Modules Annual Market Value ($B), Asia-Pacific, 2020-2030
Figure 27: Solar PV Inverters Annual Market Capacity (GW), Asia-Pacific, 2020-2030
Figure 28: Solar PV Inverters Annual Market Value ($B), Asia-Pacific, 2020-2030
Figure 29: Solar PV Modules Annual Market Capacity (MW), China, 2020-2030
Figure 30: Solar PV Modules Annual Market Value ($M), China, 2020-2030
Figure 31: Solar PV Inverters Annual Market Capacity (MW), China, 2020-2030
Figure 32: Solar PV Inverters Annual Market Value ($M), China, 2020-2030
Figure 33: Solar PV Modules Annual Market Capacity (MW), India, 2020-2030
Figure 34: Solar PV Modules Annual Market Value ($M), India, 2020-2030
Figure 35: Solar PV Inverters Annual Market Capacity (MW), India, 2020-2030
Figure 36: Solar PV Inverters Annual Market Value ($M), India, 2020-2030
Figure 37: Solar PV Modules Annual Market Capacity (MW), Japan, 2020-2030
Figure 38: Solar PV Modules Annual Market Value ($M), Japan, 2020-2030
Figure 39: Solar PV Inverters Annual Market Capacity (MW), Japan, 2020-2030
Figure 40: Solar PV Inverters Annual Market Value ($M), Japan, 2020-2030
Figure 41: Solar PV Modules Annual Market Capacity (GW), EMEA, 2020-2030
Figure 42: Solar PV Modules Annual Market Value ($B), EMEA, 2020-2030
Figure 43: Solar PV Inverters Annual Market Capacity (GW), EMEA, 2020-2030
Figure 44: Solar PV Inverters Annual Market Value ($B), EMEA, 2020-2030
Figure 45: Solar PV Modules Annual Market Capacity (MW), UK, 2020-2030
Figure 46: Solar PV Modules Annual Market Value ($M), UK, 2020-2030
Figure 47: Solar PV Inverters Annual Market Capacity (MW), UK, 2020-2030
Figure 48: Solar PV Inverters Annual Market Value ($M), UK, 2020-2030
Figure 49: Solar PV Modules Annual Market Capacity (MW), Germany, 2020-2030
Figure 50: Solar PV Modules Annual Market Value ($M), Germany, 2020-2030
Figure 51: Solar PV Inverters Annual Market Capacity (MW), Germany, 2020-2030
Figure 52: Solar PV Inverters Annual Market Value ($M), Germany, 2020-2030
Figure 53: Solar PV Modules Annual Market Capacity (MW), Italy, 2020-2030
Figure 54: Solar PV Modules Annual Market Value ($M), Italy, 2020-2030
Figure 55: Solar PV Inverters Annual Market Capacity (MW), Italy, 2020-2030
Figure 56: Solar PV Inverters Annual Market Value ($M), Italy, 2020-2030

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • JinkoSolar Holding Co Ltd
  • Canadian Solar Inc
  • Chint New Energy Technology Co Ltd
  • DAS Solar Co Ltd
  • First Solar Inc
  • GCL Solar Energy Technology Holdings Inc.
  • Ginlong Technologies Co Ltd
  • GoodWe Technologies Co Ltd.
  • Growatt New Energy Technology Co Ltd
  • Huawei Technologies Co Ltd
  • JA Solar Holdings Co Ltd
  • LONGi Solar Technology Co Ltd
  • Risen Energy Co Ltd
  • Sineng Electric Co Ltd
  • SMA Solar Technology AG
  • Sungrow Power Supply Co Ltd
  • Tongwei Co Ltd
  • Trina Solar Co Ltd