UK Solar Hybrid Inverter Market
UK Solar Hybrid Inverter Market Research Report: By Product (Single-Phase Hybrid, Three-Phase Hybrid), By Grid Type (On Grid, Off Grid) andBy Application (Energy Generation, Solar Energy Storage, Others)- Forecast to 2035 UK Solar Hybrid Inverter Market Overview: As per MRFR analysis, the UK Solar Hybrid Inverter Market Size was estimated at 355
Industry Developments
The UK Solar Hybrid Inverter Market has witnessed significant developments recently, particularly in the growth of companies such as Huawei Technologies and Schneider Electric, which are expanding their product offerings to meet increasing demand for renewable energy solutions. Notably, in April 2023, Tigo Energy announced a partnership with Krannich Solar to enhance distribution in the UK, facilitating the integration of advanced hybrid inverter technologies. Moreover, the market is evolving with regulatory support from the UK government, aiming for carbon neutrality by 2050, which is driving investments in solar hybrid systems. In terms of mergers and acquisitions, it was reported in January 2023 that SolarEdge Technologies acquired a UK-based energy management firm to broaden its service portfolio and strengthen its market presence. The rapid adoption of smart technology in solar inverters is contributing to the valuation of companies within the sector, leading to increased competition among key players like SMA Solar Technology and Enphase Energy. Over the past few years, the UK has also seen exponential growth in solar installations, with a reported increase in capacity by over 40% from January 2021 to December 2022, underscoring the vital role of hybrid inverters in achieving sustainable energy goals.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 355.92(USD Million) |
| MARKET SIZE 2024 | 387.6(USD Million) |
| MARKET SIZE 2035 | 728.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.898% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | KSTAR, Sungrow Power Supply, Tigo Energy, Krannich Solar, Schneider Electric, Huawei Technologies, Victron Energy, ABB, Fronius International, GoodWe, SMA Solar Technology, Enphase Energy, Renogy, Solis, SolarEdge Technologies |
| SEGMENTS COVERED | Product, Grid Type, Application |
| KEY MARKET OPPORTUNITIES | Rising renewable energy adoption, Increasing energy storage demand, Government incentives for solar, Technological advancements in efficiency, Growing residential solar installations |
| KEY MARKET DYNAMICS | growing renewable energy adoption, government incentives and subsidies, technological advancements in efficiency, increasing energy storage demand, rising electricity prices |
| COUNTRIES COVERED | UK |
FAQs
What is the expected market size of the UK Solar Hybrid Inverter Market in 2024?
The UK Solar Hybrid Inverter Market is expected to be valued at 387.6 million USD in 2024.
What is the projected market value for the UK Solar Hybrid Inverter Market by 2035?
By 2035, the market is projected to reach a value of 728.0 million USD.
What is the expected CAGR for the UK Solar Hybrid Inverter Market from 2025 to 2035?
The market is expected to grow at a CAGR of 5.898% during the forecast period of 2025 to 2035.
Which product segment is expected to have a larger market size in 2024?
In 2024, the Three-Phase Hybrid segment is expected to have a larger market size valued at 212.6 million USD.
What will be the market size of the Single-Phase Hybrid segment by 2035?
The Single-Phase Hybrid segment is projected to reach a market size of 336.0 million USD by 2035.
Who are the major players in the UK Solar Hybrid Inverter Market?
Key players include KSTAR, Sungrow Power Supply, Huawei Technologies, Schneider Electric, and SMA Solar Technology among others.
What are the main growth drivers for the UK Solar Hybrid Inverter Market?
Growth drivers include the increasing demand for renewable energy solutions and advancements in inverter technology.
How is the market for Solar Hybrid Inverters expected to change by 2035?
The market is expected to see significant growth with a value increase from 387.6 million USD in 2024 to 728.0 million USD in 2035.
What challenges does the UK Solar Hybrid Inverter Market currently face?
Challenges include competition among established players and the need for compliance with evolving regulatory standards.
Which product segment will see the highest market growth rate during the forecast period?
Both Single-Phase and Three-Phase Hybrid segments are expected to grow significantly, with substantial contributions to the overall market growth.
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