Photovoltaic Off-grid Inverter Market Size, Share, By Type (Pure Sine Wave Inverters, Modified Sine Wave Inverters, and Square Wave Inverters), Power Rating (Up to 1 kW, 1–10 kW, 10–100 kW, and Others), Output Phase (Single Phase, and Three Phase), Application (Residential, Commercial, and Industrial), Sales Channel (OEMs (Original Equipment Manufacturers), and Aftermarket), and Region - Trends, Analysis, and Forecast till 2035

Report Code: PMI358419 | Publish Date: May 2024 | No. of Pages: 172

Global Photovoltaic Offgrid Inverter Market Companies

The market for photovoltaic off-grid inverters is dominated by Schneider Electric, SMA Solar Technology AG, Fronius International GmbH, and other major competitors. Through their cooperation or partnerships, these businesses are continuously developing, diversifying their product lines, and streamlining their manufacturing procedures to satisfy the changing needs of customers. Businesses are spending money to launch cutting-edge electric storage devices, which is driving the market expansion for Photovoltaic Off-grid Inverters.   

List of Key Players in the Market:

  • Schneider Electric
  • SMA Solar Technology AG
  • Fronius International GmbH
  • SUNGROW
  • Growatt.tech
  • Delta Electronics, Inc.
  • Ginlong Technologies
  • SOLAX POWER
  • Victron Energy
  • Outbackpower
  • Mr. Solar
  • ENF Ltd.
  • SunWatts
  • DMX Power
  • Huawei Technologies Co., Ltd.

Recent News:

Recent Developments:

  • Tigo introduced a new off-grid household PV system in April 2025. Module-level power optimizer, inverter, battery, and automated transfer switch are all included in this off-grid solar package. Additionally, DC-couple energy storage versions of 20 kWh or 40 kWh are included. The goal of the high-performance off-grid solar kit was to handle intricate and unique setup.
  • A new single-phase off-grid inverter for residential PV systems was introduced by Chinese inverter maker Deye in February 2025. The goal of this off-grid inverter was to increase the IP65 protection level, which allowed for strong resistance to dust and water and was perfect for a variety of climatic circumstances. The AC output power of the new inverter ranges from 3.6 kW to 6 kW. The systems had a European efficiency rate of 96.5% and a maximum efficiency of 97.6.
  • The Hybrid Series and Off-grid Series inverters, which were developed for high efficiency using transformer-less technology and were made more dependable and compact, were introduced by Livguard in October 2024. The goals of Liveguard's solar solutions, including off-grid, on-grid, hybrid, and lithium energy storage systems, were to provide many modes of operation for battery and grid choice, a greater return on investment, and continuous use of solar energy for backup and saving.
  • Growatt's new SPF 6000 ES Plus converter for off-grid solar power systems in homes was introduced in December 2022. The 500W + big power PV modules may be used with the inverter string input, which reached 16A. For homes with rooftop spaces, the inverter was developed with dual MPP trackers that allow panels to be installed in various orientations and are intended to increase energy output.