Grid-Forming Inverter Market Size, Share & Trends Analysis Report By Power Rating (Below 50 KW, 50-100 KW, Above 100 KW), By Voltage (100-300 V, 300-500 V, Above 500 V), By Type (Micro Inverters, String Inverters, Central Inverters), By Application, By Region, And By Segment Forecasts, 2025-2034

Report Id: 2183 Pages: 180 Last Updated: 25 July 2025 Format: PDF / PPT / Excel / Power BI
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Segmentation Of Grid-Forming Inverter Market-

Grid-Forming Inverter Market By Power Rating-

  • Below 50 KW
  • 50-100 KW
  • Above 100 KW 

Grid-forming Inverter

Grid-Forming Inverter Market By Voltage

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

Grid-Forming Inverter Market By Type

  • Micro Inverters
  • String Inverters
  • Central Inverters

Grid-Forming Inverter Market By Application

  • Solar PV Plants
  • Wind Power Plants
  • Energy Storage Systems
  • Electric Vehicles

Grid-Forming Inverter Market By Region-

North America-

  • The US
  • Canada

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Grid-forming Inverter Market Snapshot

Chapter 4. Global Grid-forming Inverter Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis

5.1. By Type, & Market Share, 2024 & 2034

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following By Type:

5.2.1. Micro Inverter

5.2.2. String Inverter

5.2.3. Central Inverter

Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis

6.1. By Application & Market Share, 2024 & 2034

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following By Application:

6.2.1. Solar PV Plants

6.2.2. Wind Power Plants

6.2.3. Energy Storage Systems

6.2.4. Electric Vehicles

Chapter 7. Market Segmentation 3: By Voltage Estimates & Trend Analysis

7.1. By Voltage & Market Share, 2019 & 2031

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following By Voltage:

7.2.1. 100–300 V

7.2.2. 300–500 V

7.2.3. Above 500 V

Chapter 8. Market Segmentation 4: By Power Rating Estimates & Trend Analysis

8.1. By Power Rating & Market Share, 2024 & 2034

8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following By Power Rating:

8.2.1. Below 50 KW

8.2.2. 50–100 KW

8.2.3. Above 100 KW

Chapter 9. Grid-forming Inverter Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Grid-forming Inverter Market revenue (US$ Million) estimates and forecasts By Type, 2021 & 2034

9.1.2. North America Grid-forming Inverter Market revenue (US$ Million) estimates and forecasts By Application, 2021 & 2034

9.1.3. North America Grid-forming Inverter Market revenue (US$ Million) estimates and forecasts By Voltage, 2021 & 2034

9.1.4. North America Grid-forming Inverter Market revenue (US$ Million) estimates and forecasts By Power Rating, 2021 & 2034

9.1.5. North America Grid-forming Inverter Market revenue (US$ Million) estimates and forecasts by country, 2021 & 2034

9.2. Europe

9.2.1. Europe Grid-forming Inverter Market revenue (US$ Million) By Type, 2021 & 2034

9.2.2. Europe Grid-forming Inverter Market revenue (US$ Million) By Application, 2021 & 2034

9.2.3. Europe Grid-forming Inverter Market revenue (US$ Million) By Voltage, 2021 & 2034

9.2.4. Europe Grid-forming Inverter Market revenue (US$ Million) By Power Rating, 2021 & 2034

9.2.5. Europe Grid-forming Inverter Market revenue (US$ Million) by country, 2021 & 2034

9.3. Asia Pacific

9.3.1. Asia Pacific Grid-forming Inverter Market revenue (US$ Million) By Type, 2021 & 2034

9.3.2. Asia Pacific Grid-forming Inverter Market revenue (US$ Million) By Application, 2021 & 2034

9.3.3. Asia Pacific Grid-forming Inverter Market revenue (US$ Million) By Voltage, 2021 & 2034

9.3.4. Asia Pacific Grid-forming Inverter Market revenue (US$ Million) By Power Rating, 2021 & 2034

9.3.5. Asia Pacific Grid-forming Inverter Market revenue (US$ Million) by country, 2021 & 2034

9.4. Latin America

9.4.1. Latin America Grid-forming Inverter Market revenue (US$ Million) By Type, (US$ Million) 2021 & 2034

9.4.2. Latin America Grid-forming Inverter Market revenue (US$ Million) By Application, (US$ Million) 2021 & 2034

9.4.3. Latin America Grid-forming Inverter Market revenue (US$ Million) By Voltage, (US$ Million) 2021 & 2034

9.4.4. Latin America Grid-forming Inverter Market revenue (US$ Million) By Power Rating, (US$ Million) 2021 & 2034

9.4.5. Latin America Grid-forming Inverter Market revenue (US$ Million) by country, 2021 & 2034

9.5. Middle East & Africa

9.5.1. Middle East & Africa Grid-forming Inverter Market revenue (US$ Million) By Type, (US$ Million) 2021 & 2034

9.5.2. Middle East & Africa Grid-forming Inverter Market revenue (US$ Million) By Application, (US$ Million) 2021 & 2034

9.5.3. Middle East & Africa Grid-forming Inverter Market revenue (US$ Million) By Voltage, (US$ Million) 2021 & 2034

9.5.4. Middle East & Africa Grid-forming Inverter Market revenue (US$ Million) By Power Rating, (US$ Million) 2021 & 2034

9.5.5. Middle East & Africa Grid-forming Inverter Market revenue (US$ Million) by country, 2021 & 2034

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. Huawei Technologies Co. Ltd. (China)

10.2.2. General Electric (US)

10.2.3. Power Electronics (Spain)

10.2.4. SMA Solar Technology (Germany)

10.2.5. Games Electric (Germany)

10.2.6.  FIMER (Italy)

10.2.7. Growatt New Energy (China)

10.2.8. TBEA Xingjiang Sunoasis (China)

10.2.9. Fronius International (Austria)

10.2.10. Goodwe (China)

10.2.11. Schneider Electric (France)

10.2.12. SolarEdge Technologies (Israel)

10.2.13. Sungrow Power Supply (China)

10.2.14. Delta Electronics (UK)

10.2.15. Enphase Energy (US)

10.2.16. Altenergy Power System (US)

10.2.17. Sensata Technologies (US)

10.2.18. Delphi Technologies (UK)

10.2.19. TMEIC (Japan)

10.2.20. KACO New Energy (Germany)

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Grid-Forming Inverter Market Size is valued at USD 723.32 Mn in 2024 and is predicted to reach USD 1657.64 Mn by the year 2034

Grid-Forming Inverter Market is expected to grow at a 8.8% CAGR during the forecast period for 2025-2034.

Delphi Technologies, Sensata Technologies, Inc., Altenergy Power System Inc., Growatt New Energy, Tbea Xinjiang Sunoasis

Grid-forming inverter market is segmented based on power rating, voltage, type, and application.

European region is leading the Grid-forming inverter market.

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