Hybrid Inverter Market Size

Market Size in USD Bn

CAGR11.6%

Study Period	2025-2032
Base Year of Estimation	2024
CAGR	11.6%
Market Concentration	Medium
Major Players	SMA Solar Technology AG, SolarEdge Technologies Inc., ABB Ltd., GoodWe Power Supply Technology Co., Ltd., Huawei Technologies Co., Ltd. and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Hybrid Inverter Market Analysis

The hybrid inverter market is estimated to be valued at USD 3.58 Bn in 2025 and is expected to reach USD 7.72 Bn by 2032. It is projected to grow at a compound annual growth rate (CAGR) of 11.6% from 2025 to 2032. The hybrid inverter market is expected to witness significant growth due to various government policies and initiatives promoting the installation of solar panels on residential properties.