Smart Inverter Market Share, Trends and Competitive Analysis 2035
The smart inverter market is experiencing rapid expansion, driven by the global transition toward renewable energy and digital grid modernization. The market size surpassed USD 13.9 billion in 2025 and is projected to reach approximately USD 47.7 billion by 2035, registering a CAGR of 14.7% during the forecast period (2026-2035).
This strong growth trajectory reflects increasing solar photovoltaic (PV) installations, grid decentralization, and supportive regulatory frameworks promoting advanced inverter technologies capable of two-way communication and grid stabilization.