United Kingdom PV Inverter Market Size, Share, and COVID-19 Impact Analysis, By Product (Central inverters, String inverters, Micro-PV inverters, and Others), By End-User (Residential, Commercial, Industrial, and Utility), and United Kingdom PV Inverter Market Insights, Industry Trend, Forecasts to 2035

United Kingdom PV Inverter Market Insights Forecasts to 2035

• The United Kingdom PV Inverter Market Size was Estimated at USD 451.23 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 9.64% from 2025 to 2035
• The United Kingdom PV Inverter Market Size is Expected to Reach USD 1241.53 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, the United Kingdom PV Inverter Market Size is Anticipated to Reach USD 1241.53 Million by 2035, Growing at a CAGR of 9.64% from 2025 to 2035. The demand for clean energy solutions is being driven by the desire to reduce carbon emissions and raise awareness of environmental issues.

Market Overview

The industry devoted to the development, production, distribution, and installation of photovoltaic inverters that transform solar-generated direct current (DC) electricity into alternating current (AC) electricity is known as the PV inverter market. The many inverter types available in this market, string, micro, central, and hybrid, are appropriate for varying system sizes and applications (residential, commercial, industrial, and utility-scale). PV's many benefits, such as its potential to reduce carbon emissions, contribute to sustainability, and provide energy at a low cost, are driving demand for the technology. The market is anticipated to increase due to rising demand for renewable energy as a result of high power consumption and falling costs associated with producing renewable electricity. Additionally, it has consistently exceeded expectations, with more businesses committing to their energy transitions and new records being established every year. Consideration of renewable energy has advanced significantly due to evolving consumer preferences for a sustainable environment, aggressive government goals, and sufficient planning and policies.

Report Coverage

This research report categorizes the market for the United Kingdom PV inverter market based on various segments and regions and forecasts revenue growth and nalyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom PV inverter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom PV inverter market.

Driving Factors

The market for United Kingdom PV inverter is flourishing due to the need for intelligent and efficient inverters is growing as a result of supportive government incentives (like the UK's Smart Export Guarantee). Furthermore, the necessity for smart grid compatibility and the integration of energy storage systems are driving the expansion of hybrid and bidirectional inverters, which enable users to control their consumption, export excess power, and facilitate battery charging. The inverter is becoming an essential component of solar system efficiency and attractiveness, especially in residential and commercial sectors, due to developments in digital monitoring, AI-based energy management, and module-level optimization technologies. The market will continue to develop as inverters' position as energy management hubs continues to grow as transportation and heating become more electrified.

Restraining Factors

However, the market could be hampered by the compatibility and regulatory compliance of PV (photovoltaic) inverters are important limiting factors. This market may restrict the size and arrangement of photovoltaic installations, particularly in locations with poor grid capacity or rural areas, and may be limited by thermal performance and derating under hot conditions.

Market Segmentation

The United Kingdom PV inverter market share is classified into product and end user.

• The string inverters segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom PV inverter market is divided by product into central inverters, string inverters, micro-PV inverters, and others. Among these, the string inverters segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because of their great dependability and adaptability; these inverters can be installed in a protected center. The segment's rise can be attributed to two main factors: lower costs and ease of installation. Additionally, these inverters are well-supported, have good efficiency, and offer a high degree of design freedom.

• The utility segment held a significant share in 2024 and is expected to grow at a notable CAGR during the forecast period.

The United Kingdom PV inverter market is segmented by end user into residential, commercial, industrial, and utility. Among these, the utility segment held a significant share in 2024 and is expected to grow at a notable CAGR during the forecast period. Infrastructure that is dependable, sturdy, and expandable is necessary for utility-scale solar systems. In this industry, central and string inverters are the most widely utilized PV inverters. Government subsidies, falling solar power and equipment prices, and rising demand for renewable energy are driving the utility segment's growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom PV inverter market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• SMA UK
• Sungrow Power UK
• SolaX Power UK
• Invergy
• Sputnik Engineering
• Others

Recent Developments:

• In April 2025, Sungrows debut of its new Commercial & Industrial (C&I) PV inverter range at Solar & Storage Live London. This was a strategic move that aligns tightly with the UK’s booming PV inverter market.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

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

United Kingdom PV Inverter Market, By Product

• Central inverters
• String inverters
• Micro-PV inverters
• Others

United Kingdom PV Inverter Market, By End User

• Residential
• Commercial
• Industrial
• Utility