| Product Code: ETC10699342 | Publication Date: Apr 2025 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The Canada on-grid string inverter market witnessed a steady growth in imports from 2020 to 2024, with a Compound Annual Growth Rate (CAGR) of 10.51%. In 2023-2024, the year-on-year growth rate showed a slight decline at -3.25%. Overall, the import trend demonstrated a positive trajectory during this period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada On-Grid String Inverter Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada On-Grid String Inverter Market Revenues & Volume, 2022 & 2032F |
3.3 Canada On-Grid String Inverter Market - Industry Life Cycle |
3.4 Canada On-Grid String Inverter Market - Porter's Five Forces |
3.5 Canada On-Grid String Inverter Market Revenues & Volume Share, By Inverter Type, 2022 & 2032F |
3.6 Canada On-Grid String Inverter Market Revenues & Volume Share, By Technology, 2022 & 2032F |
3.7 Canada On-Grid String Inverter Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.8 Canada On-Grid String Inverter Market Revenues & Volume Share, By End Use, 2022 & 2032F |
3.9 Canada On-Grid String Inverter Market Revenues & Volume Share, By Distribution, 2022 & 2032F |
4 Canada On-Grid String Inverter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing investments in renewable energy projects in Canada |
4.2.2 Government initiatives and incentives promoting the adoption of solar energy |
4.2.3 Growing awareness about the benefits of on-grid string inverters in terms of efficiency and reliability |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with on-grid string inverters |
4.3.2 Fluctuating prices of raw materials impacting the overall cost of production |
4.3.3 Intense competition from other types of inverters and alternative energy sources |
5 Canada On-Grid String Inverter Market Trends |
6 Canada On-Grid String Inverter Market, By Types |
6.1 Canada On-Grid String Inverter Market, By Inverter Type |
6.1.1 Overview and Analysis |
6.1.2 Canada On-Grid String Inverter Market Revenues & Volume, By Inverter Type, 2022 - 2032F |
6.1.3 Canada On-Grid String Inverter Market Revenues & Volume, By Centralized, 2022 - 2032F |
6.1.4 Canada On-Grid String Inverter Market Revenues & Volume, By Decentralized, 2022 - 2032F |
6.1.5 Canada On-Grid String Inverter Market Revenues & Volume, By Hybrid, 2022 - 2032F |
6.2 Canada On-Grid String Inverter Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Canada On-Grid String Inverter Market Revenues & Volume, By Solar, 2022 - 2032F |
6.2.3 Canada On-Grid String Inverter Market Revenues & Volume, By Micro-grid, 2022 - 2032F |
6.2.4 Canada On-Grid String Inverter Market Revenues & Volume, By Off-grid, 2022 - 2032F |
6.3 Canada On-Grid String Inverter Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Canada On-Grid String Inverter Market Revenues & Volume, By Residential, 2022 - 2032F |
6.3.3 Canada On-Grid String Inverter Market Revenues & Volume, By Commercial, 2022 - 2032F |
6.3.4 Canada On-Grid String Inverter Market Revenues & Volume, By Utility-Scale, 2022 - 2032F |
6.4 Canada On-Grid String Inverter Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Canada On-Grid String Inverter Market Revenues & Volume, By Retail, 2022 - 2032F |
6.4.3 Canada On-Grid String Inverter Market Revenues & Volume, By OEM, 2022 - 2032F |
6.4.4 Canada On-Grid String Inverter Market Revenues & Volume, By Wholesale, 2022 - 2032F |
6.5 Canada On-Grid String Inverter Market, By Distribution |
6.5.1 Overview and Analysis |
6.5.2 Canada On-Grid String Inverter Market Revenues & Volume, By Direct Sales, 2022 - 2032F |
6.5.3 Canada On-Grid String Inverter Market Revenues & Volume, By Online Stores, 2022 - 2032F |
6.5.4 Canada On-Grid String Inverter Market Revenues & Volume, By E-commerce, 2022 - 2032F |
7 Canada On-Grid String Inverter Market Import-Export Trade Statistics |
7.1 Canada On-Grid String Inverter Market Export to Major Countries |
7.2 Canada On-Grid String Inverter Market Imports from Major Countries |
8 Canada On-Grid String Inverter Market Key Performance Indicators |
8.1 Average installation time for on-grid string inverters |
8.2 Percentage increase in the number of solar installations using on-grid string inverters |
8.3 Efficiency improvement rate of on-grid string inverters |
8.4 Percentage of energy output increase from installations using on-grid string inverters |
8.5 Number of new entrants in the on-grid string inverter market segment |
9 Canada On-Grid String Inverter Market - Opportunity Assessment |
9.1 Canada On-Grid String Inverter Market Opportunity Assessment, By Inverter Type, 2022 & 2032F |
9.2 Canada On-Grid String Inverter Market Opportunity Assessment, By Technology, 2022 & 2032F |
9.3 Canada On-Grid String Inverter Market Opportunity Assessment, By Application, 2022 & 2032F |
9.4 Canada On-Grid String Inverter Market Opportunity Assessment, By End Use, 2022 & 2032F |
9.5 Canada On-Grid String Inverter Market Opportunity Assessment, By Distribution, 2022 & 2032F |
10 Canada On-Grid String Inverter Market - Competitive Landscape |
10.1 Canada On-Grid String Inverter Market Revenue Share, By Companies, 2025 |
10.2 Canada On-Grid String Inverter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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