After record shipments in 2024, the global solar inverter market is set for a two-year downturn, shrinking 2% to 577 GWac this year and another 9% to 523 GWac in 2026, according to projections by Wood Mackenzie. The global PV inverter market was estimated at USD 48. 2 billion in 2035, at a CAGR of 7. I need the full data tables, segment breakdown, and competitive landscape for detailed regional analysis and revenue estimates. Solar inverters. The European Commission has decided to restrict EU funding, including through the European Investment Bank and European Investment Fund, for solar, wind, and energy storage projects using inverters from so-called high-risk countries, namely China, Russia, Iran, and North Korea, citing cybersecurity. The global solar inverter industry will contract over the next two years as major markets in China, Europe and the US confront new volatility, according to energy market analyst Wood Mackenzie. 47% during the forecast from 2026 to 2035. This robust growth is driven by accelerating investments in renewable energy generation, widespread deployment of utility-scale and distributed PV.
