China Inverter Market (2025-2031) | Industry, Trends, Growth, Share, Value, Size, Revenue, Analysis, Outlook ,Companies & Forecast

China Inverter Market Growth Rate

According to 6Wresearch internal database and industry insights, the China Inverter Market is projected to grow at a compound annual growth rate (CAGR) of 8.6% during the forecast period (2025-2031).

Five-Years Growth Trajectory of the China Inverter Market with Core Drivers

Below mentioned are the evaluation of year-wise growth rate along with key drivers:

Topics Covered in the China Inverter Market Report

The China Inverter Market report thoroughly covers the market by type, output power rating, and end-user applications. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.

China Inverter Market Highlights

China Inverter Market Synopsis

The China Inverter Market is experiencing rapid growth due to the increase in the demand for renewable energy, especially solar energy, and the propelling demand for electric vehicles. Government policies around incentives for solar energy systems, and the promotion of electric vehicles are driving the demand for inverters. Additionally, improvements in inverter technology that improve the efficiency and performance of inverters for residential and industrial applications are expected to add strength to the inverter market. With China push to continue building a greener economy, demand for inverters can be expected to soar, cementing China position as a leading participant in the global inverter market.

Evaluation of Growth Drivers in the China Inverter Market

Below mentioned are some growth drivers and their impact on market dynamics:

The China Inverter Market is expected to grow significantly with a CAGR of 8.6% during the forecast period of 2025-2031. The growth mainly stems from the increasing adoption of renewable energy solutions like solar power, along with the swift development of electric vehicles in the country. Growth in the China Inverter Market Growth is also driven by technology advancements, as well as government incentives. As the demand for energy-efficient options and clean energy technology continues to increase, the inverter market will become a key component of China energy transition and support China move to renewable energy and sustainable development.

Evaluation of Restraints in the China Inverter Market

Below mentioned are some major restraints and their influence on market dynamics:

China Inverter Market Challenges

Even though the China Inverter Industry shows strong growth potential, it also has to face challenges including initial high costs for solar inverters and vehicle inverters which may act as barriers to residential adoption. Progress is slowed down by burdensome regulatory approval requirements for renewable energy projects and with reliance on imported inverter technology. Additionally, the limited availability of efficient energy storage tools limits the full capacity of renewable energy, and thus the demand for these tools. The China Inverter Market will need to overcome these challenges in order to reach its potential for growth in the long-term.

China Inverter Market Trends

Some major trends contributing to the development of the China Inverter Market growth are:

• Expansion of Solar Power: The increased use of solar energy is generating demand for solar inverters, especially in residential solar power systems.
• Growth of Electric Vehicles: The growing number of electric vehicle usage is generating new electric vehicle inverter and charging infrastructure demand.
• Technological Improvements: Developing technology around inverters, such as increased inverter efficiency, will help grow the inverter market.
• Energy Storage Solutions: Energy storage technology is developing appoint new functions of the inverter in residential and industrial applications.
• Government Support: Incentives and policies to support the usage of the renewable energy and electric vehicle market are driving the demand for inverters.

Investment Opportunities in the China Inverter Market

Here are some investment opportunities in the China Inverter Industry:

• Solar Inverter Development: Expanding solar inverter production, especially with advanced features for residential and commercial applications, presents significant opportunities.
• Electric Vehicle Support: Investment in vehicle inverters and charging station infrastructure to support the demand for electric vehicles (EVs) in China.
• Storage Integration: Developing storage solutions that integrate with inverters to provide greater efficiency for solar and other renewable energy systems.
• Locally Manufactured Inverters: Investment in local manufacturing of inverters to meet our domestic demand and reduce dependency on imported energy-efficient solutions.
• Smart Inverter: Development of smart inverters compatible with energy management systems to increase the efficiency of renewable energy installations.

Top 5 Leading Players in the China Inverter Market

Here are some top companies contributing to China Inverter Market Share:

1. Sungrow Power Supply Co., Ltd.

Sungrow is a leading global provider of solar inverters and is recognized for its high-performance inverter technology.

2. SMA Solar Technology AG

SMA Solar is a key player in China solar inverter market, providing advanced inverter solutions for solar power systems.

3. Huawei Technologies Co., Ltd.

Huawei offers intelligent solar inverters and is a major contributor to China solar inverter market.

4. Fronius International GmbH

Fronius offers innovative inverter solutions for residential, commercial, and industrial solar applications in China.

5. TMEIC (Toshiba Mitsubishi-Electric Industrial Systems Corporation)

TMEIC manufactures solar inverters and is a key supplier to China’s growing solar energy market.

Government Regulations Introduced in the China Inverter Market

According to Chinese Government data, the Cabinet of the People’s Republic of China plays a crucial role in shaping the inverter market through initiatives like the 13th Five-Year Plan for Solar Energy Development, which aims to expand the country’s solar energy capacity. The Renewable Energy Law encourages investments in renewable energy projects by providing capital subsidies for solar and wind energy development. Additionally, the Electric Vehicle Development Plan introduced by the General Office of the State Council focuses on building EV infrastructure, further driving demand for vehicle inverters. These regulations collectively strengthen China’s inverter market foundation and contribute to a positive long-term growth outlook.

Future Insights of the China Inverter Market

The China Inverter Market is expected to continue expanding during the forecast period, supported by the growing adoption of solar power systems and electric vehicles. Government policies promoting renewable energy and technological advancements in inverter efficiency will accelerate growth. Furthermore, the integration of energy storage solutions and the move toward high-efficiency inverter technologies will enhance market opportunities. As China progresses toward its sustainability and renewable energy goals, inverter demand is anticipated to increase significantly, creating long-term investment potential.

Market Segmentation Analysis

The report offers a comprehensive study of the following market segments and their leading categories.

Solar Inverters to Dominate the Market – By Type

According to Ritika Kalra, Senior Research Analyst, 6Wresearch, solar inverters are expected to dominate the China Inverter Market due to the growing adoption of solar power systems across residential, commercial, and industrial sectors. Strong government support for renewable energy and continuous technological improvements are key factors driving this segment’s growth.

Up to 10 kW to Dominate the Market – By Output Power Rating

The Up to 10 kW segment leads the market in terms of output power rating, primarily driven by the increasing adoption of residential solar rooftop installations across the country. These systems offer cost efficiency and easy scalability, making them highly suitable for household applications.

Residential to Dominate the Market – By End User

The residential segment currently dominates the China Inverter Market, fueled by strong homeowner adoption of solar PV systems, rising interest in energy self-consumption, and widespread deployment of small-scale inverters. This trend reflects a shift toward energy independence and sustainability among residential users.

Key Attractiveness of the Report

• 10 Years of Market Numbers
• Historical Data Starting from 2021 to 2024
• Base Year: 2024
• Forecast Data until 2031
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• China Inverter Market Outlook
• Market Size of China Inverter Market, 2024
• Forecast of China Inverter Market, 2031
• Historical Data and Forecast of China Inverter Revenues & Volume for the Period 2021-2031
• China Inverter Market Trend Evolution
• China Inverter Market Drivers and Challenges
• China Inverter Price Trends
• China Inverter Porter's Five Forces
• China Inverter Industry Life Cycle
• Historical Data and Forecast of China Inverter Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By Solar Inverters for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By Vehicle Inverter for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By others for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By Output Power Rating for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By Upto 10 kW for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By 10-50 kW for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By 51-100 kW for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By above 100 kW for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By End User for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By PV Plants for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By Residential for the Period 2021-2031
• Historical Data and Forecast of China Inverter Market Revenues & Volume By Automotive for the Period 2021-2031
• China Inverter Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Output Power Rating
• Market Opportunity Assessment By End User
• China Inverter Top Companies Market Share
• China Inverter Competitive Benchmarking By Technical and Operational Parameters
• China Inverter Company Profiles
• China Inverter Key Strategic Recommendations

Market Covered

The report subsequently covers the market by following segments and subsegments:

By Type

• Solar Inverters
• Vehicle Inverter
• Others

By Output Power Rating

• Up to 10 kW
• 10–50 kW
• 51–100 kW
• Above 100 kW

By End User

• PV Plants
• Residential
• Automotive