South America Solar PV Inverters Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The South American Solar PV Inverters Market is Segmented by Inverter Type (Central Inverters, String Inverters, and Micro Inverters), Application (Residential, Commercial and Industrial (C&I), and Utility-scale), and Geography (Brazil, Argentina, Chile, Rest of South America). The report offers the market size and forecasts for solar PV inverters in revenue (in USD billion) for all the above segments.

South America Solar PV Inverters Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South America Solar PV Inverters Market Size

View Global Report
South America Solar PV Inverters Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 5.00 %
Market Concentration Medium

Major Players

South America Solar PV Inverters Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South America Solar PV Inverters Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

South America Solar PV Inverters Market Analysis

The South America Solar PV Inverters Market is expected to register a CAGR of greater than 5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. It has now reached pre-pandemic levels.

  • Over the long term, the growing demand for solar power is expected to stimulate the growth of the solar PV inverters market. Furthermore, increasing investments and ambitious solar energy targets are expected to drive the growth of the market studied.
  • On the other hand, technical drawbacks of string inverters are expected to hamper the growth of solar PV inverters during the forecast period.
  • Nevertheless, product innovation and adaptation of the latest technologies in solar PV inverters are likely to create lucrative growth opportunities.
  • Brazil is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments, coupled with supportive government policies in the country.

South America Solar PV Inverters Industry Overview

The South American solar PV inverters market is fragmented. Some of the major players in the market (in no particular order) include Ingeteam, Ginlong (Solis) Technologies, Mitsubishi Electric Corporation, Enphase Energy Inc., and Omron Corporation, among others

South America Solar PV Inverters Market Leaders

  1. Ingeteam

  2. Ginlong (Solis) Technologies

  3. Mitsubishi Electric Corporation

  4. Enphase Energy Inc.

  5. Omron Corporation

  6. *Disclaimer: Major Players sorted in no particular order
South America Solar PV Inverters Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

South America Solar PV Inverters Market News

  • May 2022: Sungrow announced that it would supply its turnkey PV inverter solutions and PV panel cleaning solutions to a 480 MW solar power project in Chile's Atacama Desert. This project is expected to be the largest solar power project in the country and will contribute to Chile's long-term Energy Policy 2050.
  • March 2022: Sungrow announced that it had secured a contract from Ibitu Energiato to supply 213 MW of its 6.25 MW turnkey central inverter solution for 1500 Vdc systems for the 1-GW Caldeirao Grande 2 solar complex in Piaui, Brazil.

South America Solar PV Inverters Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Market Drivers
    • 4.5.2 Market Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Inverter Type
    • 5.1.1 Central Inverters
    • 5.1.2 String Inverters
    • 5.1.3 Micro Inverters
  • 5.2 By Application
    • 5.2.1 Residential
    • 5.2.2 Commercial and Industrial
    • 5.2.3 Utility-Scale
  • 5.3 By Geography
    • 5.3.1 Brazil
    • 5.3.2 Argentina
    • 5.3.3 Chile
    • 5.3.4 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Ingeteam
    • 6.3.2 Ginlong (Solis) Technologies
    • 6.3.3 Mitsubishi Electric Corporation
    • 6.3.4 Enphase Energy Inc.
    • 6.3.5 Omron Corporation
    • 6.3.6 Sungrow Power Supply Co. Ltd
    • 6.3.7 SMA Solar Technology AG
    • 6.3.8 SolarEdge Technologies Inc.
    • 6.3.9 Growatt New Energy Co. Ltd
    • 6.3.10 Siemens AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

South America Solar PV Inverters Industry Segmentation

A solar PV inverter is a power inverter that converts electricity in direct current (DC) output from a photovoltaic (PV) solar panel into alternating current (AC) at utility frequency. This can be used for residential and commercial electrical grids or by a local off-grid electrical network, such as microgrids.

The solar PV inverters market in South America is segmented by inverter type, application, and geography. By inverter type, the market is segmented into central inverters, string inverters, and micro-inverters. By application, the market is segmented into residential, commercial and industrial, and utility-scale. The report also covers the market size and forecasts. For each segment, the market sizing and forecasts are calculated based on revenue (in USD billion).

By Inverter Type Central Inverters
String Inverters
Micro Inverters
By Application Residential
Commercial and Industrial
Utility-Scale
By Geography Brazil
Argentina
Chile
Rest of South America
Need A Different Region or Segment?
Customize Now

South America Solar PV Inverters Market Research FAQs

What is the current South America Solar PV Inverters Market size?

The South America Solar PV Inverters Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in South America Solar PV Inverters Market?

Ingeteam, Ginlong (Solis) Technologies, Mitsubishi Electric Corporation, Enphase Energy Inc. and Omron Corporation are the major companies operating in the South America Solar PV Inverters Market.

What years does this South America Solar PV Inverters Market cover?

The report covers the South America Solar PV Inverters Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Solar PV Inverters Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Solar PV Inverters Industry Report

Statistics for the 2025 South America Solar PV Inverters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Solar PV Inverters analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.