Pv inverter market in the world in 2025

The demand for inverters in the market is showing a recovery growth, especially in the European market, thanks to product upgrades and policy support. After the destocking cycle in Europe, market demand has recovered, and the EU's energy transition and energy storage support policies, especially Germany's Climate Transition Fund, have become key to market growth. Overall, the inverter market is experiencing positive changes and growth opportunities in multiple aspects.

Analysis of inventory adjustment in the European market for inverters

The recent changes in the European market for inverters, especially the relatively optimistic shipment expectations for the second quarter of 2025. The main focus is on inventory adjustment and policy impact. After a long period of destocking in the European market, distributors have generally reported that inventory is approaching the bottom and are beginning to show a willingness to replenish, marking the long-awaited improvement in the photovoltaic industry. In addition, the second quarter itself is the beginning of the peak season for inverters, and the replenishment market is relatively certain. The growth points in terms of products are mainly in the industrial and commercial sectors.

Energy storage dynamics in the energy transition of the EU

The EU's energy transition goals are clear, especially as the energy storage sector enters a period of rapid growth.

Although there is no clear regulation on the allocation and storage ratio, policies such as improving grid flexibility and delaying transmission and distribution upgrades indirectly promote the development of energy storage. Germany recently allocated 100 billion euros for climate transition, including 35 billion euros for energy storage deployment, and introduced dynamic electricity price reform, which will benefit the long-term economy of energy storage. 

In terms of electricity prices, Europe has entered an upward cycle, with a significant year-on-year increase in electricity prices in Germany in the first quarter. The variance has eased compared to the end of last year, indicating that electricity prices are becoming more uniform and rising year-on-year. Although there are signs of macroeconomic improvement, the recent core factors have been more focused on inventory bottoming out and policy driving.

Recent analysis for solar storage in emerging markets

Recently, emerging markets have maintained a good growth momentum, especially with inverter export countries in Africa, Southeast Asia, and the Middle East growing by 50% to 60% year-on-year. The African markets, such as South Africa and Nigeria, are promoting the development of energy storage markets due to the inflow of international loan funds.

The Middle East region, such as Iran, Iraq, and Syria, is facing an electricity crisis and actively developing solar energy storage projects. Southeast Asia has entered the peak season for installed capacity, and natural disasters may lead to a demand for power reconstruction, which deserves continued attention.

Market trend analysis of industrial and commercial energy storage products

This year's focus is on industrial and commercial energy storage products, especially in the European market, which has been significantly improved in terms of economic efficiency due to policy guidance and peak valley price differences. It is expected to achieve deterministic growth in the next 25 years. The increment of mutual storage mainly depends on the growth rate of emerging markets, with the recovery situation in Europe as a backup.

At present, the growth momentum of emerging markets is good, and orders in Europe have improved in the second quarter. There is a high degree of certainty that the demand for the inverter sector will increase month by month. It is recommended to pay attention to Sungrow, Deye, and Sineng Electric. After the adjustment of the European inverter market, there is an upward trend, and the inverter targets in Europe are worth paying attention to, including GoodWe, AISWEI, Solis, Hoymiles, Solinteg, etc.

The main factors driving the growth of inverter demand in the European market

The main focus of the inverter sector in recent times has been on changes in the European market, especially with optimistic shipping expectations for the second quarter. At the same time, there are significant growth points in the industrial and commercial sectors in terms of products.

The main driving factors for the growth of inverter demand in the European market include the decrease in inventory levels and policy promotion. In terms of inventory, after a long period of destocking, the channel inventory in the European market has basically bottomed out; In terms of policies, the EU has clearly stated its intention to achieve energy transformation, vigorously develop new energy and energy storage, and indirectly promote energy storage development like developing new energy stoage technology through measures such as improving grid flexibility, upgrading transmission and distribution, and providing financial subsidies.

Electricity price in Europe

After the upgrade and renovation of the European power grid, electricity prices have increased. Taking Germany as an example, electricity prices showed a year-on-year growth trend in the first quarter of this year, and the volatility has weakened. The introduction of a dynamic electricity pricing mechanism combined with subsidy policies has further stimulated the economic viability of energy storage, especially for industrial and commercial energy storage.

Export performance of inverters in emerging markets

Emerging market inverter exports maintain a good growth momentum, with major export countries in Africa, Southeast Asia, and the Middle East all showing year-on-year growth of 50% or 60%. Among them, the South African market performed well due to the weakened impact of last year's election and increased demand for mineral deposits; The new markets in Africa are also showing a positive development trend, driven by factors such as increased international loans and market education achievements; Due to the power crisis and demand for photovoltaic storage, the import volume of components and inverters in the Middle East has increased.

Conclusion

This article analyzes the current global demand for photovoltaic inverters based on the global photovoltaic shipment volume in the second quarter of 2025 and policy adjustments in various countries. It also lists some of the top 10 solar inverter manufacturers in 2025 for buyers' reference. If there is a demand for small outdoor or vehicle off-grid inverters, Tycorun's cost-effective inverters are also worth purchasing.

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