Global Solar Hybrid Inverter Market

Solar Hybrid Inverter Market Summary

• The Global Solar Hybrid Inverter Market Size Was Estimated at USD 9.87 Billion in 2024 and is Expected to Reach USD 24.15 Billion by 2035, Growing at a CAGR of 8.47% from 2025 to 2035. 
• The market for solar hybrid inverters is expanding due to several factors, including the growing need for clean, dependable energy and energy independence; favorable government policies and incentives for renewable energy; falling prices for solar and energy storage; and developments in hybrid inverter technology, including IoT integration and smart grid compatibility.

Key Regional and Segment-Wise Insights

• In 2024, North America held the largest revenue share of over 41.6% and dominated the solar hybrid inverter market globally.
• In 2024, the three-phase hybrid segment had the highest market share by product, accounting for 60.73%.
• In 2024, the commercial segment had the biggest market share by end use, accounting for 60.48%.

Global Market Forecast and Revenue Outlook

• 2024 Market Size: USD 9.87 Billion
• 2035 Projected Market Size: USD 24.15 Billion
• CAGR (2025-2035): 8.47%
• North America: Largest market in 2024

The solar hybrid inverter market exists as a specialized sector that sells devices uniting solar power generation with battery storage and grid connectivity for optimal energy management. These inverters enable automatic switching between solar power systems and battery storage, and utility grid power to deliver uninterrupted electricity at peak efficiency. The industry grows because of rising electricity costs, along with increasing environmental concerns and the need for stable power supplies in areas with unstable grids. The market expands because solar panel and battery prices decrease at the same time that commercial, industrial, and residential sectors adopt more sustainable energy solutions. The increased use of solar hybrid inverters, which enhance backup power capabilities and security of energy supply, continues to grow because of expanding off-grid and microgrid projects.

Technological advancements, including smart inverters along with enhanced battery integration and advanced energy management systems, contribute substantially to market growth. The Internet of Things (IoT), together with Artificial Intelligence (AI), enables real-time system monitoring and predictive maintenance. Energy storage, along with renewable energy applications, receives worldwide governmental assistance through tax incentives and subsidy programs as well as regulatory frameworks. Modernizing grid infrastructure, together with carbon emission reduction and rural electrification efforts, drives significant worldwide market growth.

Product Insights

What Made the Three-Phase Hybrid Segment the Leading Revenue Contributor in the Solar Hybrid Inverter Market in 2024?

The three-phase hybrid segment led the solar hybrid inverter market with the largest revenue share of 60.73% in 2024. This market leads because it matches the requirements of commercial and industrial energy needs that require stable power delivery and high power output. The three-phase hybrid inverters optimize system performance and scalability, together with improved reliability by controlling solar power integration along with battery storage and grid electricity. These inverters work best for industries that require massive energy consumption because they can manage complex loads while providing continuous power output. Rising commercial solar investments, together with growing industrial energy storage adoption, have established three-phase hybrid inverters as the top choice in the market.

During the forecasted period, the single-phase hybrid segment is anticipated to grow at a substantial CAGR. The market expansion for single-phase systems derives from their low-cost installation and user-friendly design, which makes them dominant choices for residential and small commercial settings. Small businesses and residential property owners who want to link solar power with storage and utility grid access find that single-phase hybrid inverters work well to supply their power needs reliably. The rise in home solar system government incentives, together with increasing energy independence interests, promotes market expansion. Single-phase hybrid inverters attract increasing interest because inverter technology advances deliver higher efficiency and smart energy management functions, which will drive their future market expansion.

End Use Insights

Why Did the Commercial Segment Lead the Solar Hybrid Inverter Market with a 60.48% Share in 2024?

The commercial segment dominated the solar hybrid inverter market with the largest revenue share of 60.48% in 2024. The increasing adoption of solar hybrid inverters by offices, together with commercial buildings and industrial sites that need sustainable energy solutions at affordable costs, drives this market leadership. Commercial users benefit from these inverters because they enable the optimization of solar power along with battery storage and grid electricity management.  The business sector continues to adopt hybrid solar systems because electricity expenses rise while environmental rules tighten and companies pursue sustainability goals. Solar hybrid inverters serve as the favored solution for organizations seeking to cut operational expenses while enhancing their power supply security because they need dependable power during outages.

During the forecast period, the residential segment will experience substantial market expansion. The increasing price of electricity, together with homeowners' rising knowledge about renewable energy benefits and their pursuit of energy self-sufficiency, drives this growth. Residential solar hybrid inverters deliver reliable, continuous power through their efficient integration of solar power generation and battery storage, and grid connectivity. Home solar installation acceptance receives strong support through government incentives, combined with favorable regulations and financial support. The segment's future growth potential receives additional backing from inverter technology advancements, which reduce costs and increase usability, thus attracting more residential adoption of solar hybrid systems.

Regional Insights

During 2024, the North American solar hybrid inverter market dominated globally with the largest revenue share of 41.6%. The extensive use of solar energy and battery storage in the commercial, industrial, and residential sectors is what is causing this domination. The market grows faster because governments provide beneficial policies together with financial support for renewable energy systems. The market grows because people become more aware of sustainable practices and energy independence. The market position gains strength through major investments in modernizing grids and building energy storage systems, along with innovative improvements in inverter efficiency and system integration. The commitment of North America to decrease carbon emissions while adopting environmentally friendly power generation methods stands as an essential element.

Asia Pacific Solar Hybrid Inverter Market Trends

Solar hybrid inverters in the Asia Pacific experience rapid market growth because of increasing energy needs, along with rising solar adoption and regional government renewable energy initiatives. Multiple countries, including China, India, Japan, and Australia, dedicate large investments toward building solar power infrastructure to achieve sustainability targets and reduce their dependence on traditional power systems. The market thrives because solar panel and battery prices continue to decline while people gain a better understanding of renewable energy benefits. Solar hybrid inverters obtain multiple market opportunities because the area contains both large rural populations and off-grid communities that need affordable power solutions. The Asia Pacific region serves as a key emerging market for solar hybrid inverters because government policies, combined with subsidies and grid modernization funding, drive faster market development.

Europe Solar Hybrid Inverter Market Trends

The European market for solar hybrid inverters grows steadily because of carbon reduction laws alongside strong governmental support for renewable energy sources. Solar power combined with energy storage solutions experiences rapid growth because of the European Green Deal and climate neutrality goals across the region. The market expands because of increasing energy independence demands and higher electricity prices, which particularly affect residential and commercial sectors. Technological improvements, including enhanced inverter efficiency together with smart energy management systems, enhance the appeal of solar hybrid inverters. The expansion of the market benefits from both wide-scale grid modernization projects and government programs that support off-grid and microgrid power solutions.  Multiple factors combine to establish Europe as a significant, growing worldwide market for solar hybrid inverters.

Key Solar Hybrid Inverter Companies:

The following are the leading companies in the solar hybrid inverter market. These companies collectively hold the largest market share and dictate industry trends.

• Flin Energy
• Voltronic Power Technology
• Havells
• Tabuchi Electric
• Microtek Inverters
• Redback Technologies
• Luminous
• Pure Volt
• EAST Group
• KACO new energy
• Su-Kam Power Systems
• SolarEdge Technologies
• Delta Energy Systems
• SolaX Power
• Others

Recent Developments

• In January 2025, Enphase Energy declared that it is expanding into Southeast Asia, bringing its IQ8P Microinverters to the solar markets in Vietnam and Malaysia.  These microinverters are designed for home and commercial use to accommodate more recent, powerful solar modules. They have a peak output AC power of 480 W.
• In January 2021, together with the Powerwall, Tesla (TSLA) unveiled its solar power inverter to round out its residential solar portfolio. By transforming DC power produced by the sun into AC power for domestic use, the Tesla Solar Inverter completes the home solar system. With a simple installation process and strong safety measures, the inverter leverages Tesla's power electronics expertise and is compatible with both conventional solar panels and Solar Roofs.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the solar hybrid inverter market based on the below-mentioned segments: 

Global Solar Hybrid Inverter Market, By Product

• Single-Phase Hybrid
• Three-Phase Hybrid

Global Solar Hybrid Inverter Market, By End Use

• Commercial
• Residential
• Others

Global Solar Hybrid Inverter Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa