According to the research report, “Global Power Inverter Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 100 Billion by 2029, increasing from USD 74.48 Billion in 2023. The market is expected to grow with 5.56% CAGR by 2024-29. 

 Top Six Compaies in the Power Inverter Market

1.Huawei Technologies Co., Ltd.: The Company and its subsidiaries principally provide end-to-end Information and Communications Technology solutions. This includes the research, design, manufacture and marketing of telecom network equipment, IT products and solutions, cloud technology and services, digital power products and solutions and smart devices for telecom carriers, enterprises and consumers.By the end of 2023, Huawei held a total of 140,000+ active patents and had signed over 200 patent licensing and cross-license agreements with many of the world’s largest patent holders. Huawei has 207,000 employees and operates in over 170 countries and regions, serving more than three billion people around the world.

• Established:1987

 • Headquarters: Shenzhen, China 

• Employees: 207,000

• Revenue: USD 99,448 Million

2.Schneider Electric SE:  Schneider Electric SE, formerly Schneider Electric SA, is an energy management and automation company. The company develops related technologies and solutions for electricity distribution. Its major products include automation and control products; low voltage products and systems; solar and energy storage; medium voltage distribution and grid automation; and critical power, cooling, and racks. The company also offers energy and sustainability services, field and automation, cloud, consulting and training services. Schneider Electric SE engages in the digital transformation of energy management and automation. It operates through the following segments: Energy Management; Industrial Automation; and Central Functions and Digital Costs.

 • Established: 1836

• Headquarters: Rueil-Malmaison, France 

• Employees: 168, 000

• Revenue: 36 Billion Euro

3.Enphase Energy Inc:  Enphase Energy Inc (Enphase Energy), is an energy technology company that designs, develops, manufactures and markets home energy solutions that manage energy generation, energy storage and communications. The company’s semiconductor-based microinverter system converts energy at individual solar module levels and provides advanced energy monitoring and control. The company’s crucial products include IQ microinverters for module-level power electronics, Enphase AC Battery, Envoy communication gateway, and Enphase Enlighten, a cloud-based energy management platform. As of December 31, 2023, Company has approximately 401 global patents and 264 pending patent applications. 

 • Established: 2006

 • Headquarters: California, United States

• Employees: 3157 

• Revenue: USD 2290 Million

 4.SMA Solar Technology AG.: SMA Solar Technology AG (SMA) is a renewable energy equipment company. The company develops, produces, and distributes photovoltaic inverters, hybrid inverters, battery inverters, system solutions & packages, solar batteries, E-mobility charging solutions, monitoring and control, and apps and digital products. It also offers solar power plant operation and maintenance services. More than 3,500 employees from 18 countries work to ensure that SMA is actively helping to promote the production and development of PV system technology worldwide.

 • Established: 1981

• Headquarters: Germany

• Employees:  4000

• Revenue: 1904 Million Euro 

5.SolarEdge Technologies, Inc: SolarEdge Technologies, Inc. is a company that designs, develops, and sells solar power optimization and photovoltaic monitoring solutions. Their products include inverters, optimizers, monitoring equipment, tools, and accessories for power harvesting, conversion, and efficiency.SolarEdge has invented an intelligent inverter solution that has changed the way power is harvested and managed in a solar photovoltaic (PV) system. The SolarEdge DC optimized inverter system maximizes power generation at the individual PV module-level while lowering the cost of energy produced by the solar PV system.. 

• Established: 2006

• Headquarters: Herzliya, Israel

• Employees: 5285

• Revenue: USD 2976 Million

 6.Delta Electronics Inc: Delta Electronics Inc (Delta) designs, manufactures and markets power and thermal management products. The company provides a diverse range of solutions for industrial automation, data centers, business automation, renewable energy, EV charging, and display and monitoring. Its product portfolio includes power supplies, thermal management, and electronic components, data center infrastructure, and facial recognition access control systems. It also offers LED lighting, intelligent surveillance systems, automotive electronics, high-power motor drives, industrial automation products, networking equipment, and visual displays.Delta Electronics, Inc. provides power and thermal management solution. The company is doing business through three business segments-Power Electronics, Automation and Infrastructure under the following categories-Power & Components, Embedded power, Fan & Thermal Management, Automotive Electronics, Merchant & Mobile Power, Industrial Automation, Building Automation, ICT Infrastructure, Energy Infrastructure & Industrial Solution System products. 

• Established: 1907

• Headquarters: Taoyuan, Taiwan 

• Employees: 68,000

• Revenue: USD 13,067 Million