Canada Solar Inverter Market Size & Outlook, 2025-2033

Canada Solar Inverter Market Highlights

According to Market Strides analysis, the Canada Solar Inverter Market size was USD 1114.5 Million in 2024 and is projected to reach USD 2,507.59 Million by 2033.
The Canada market is projected to grow at a CAGR of 9.29% between 2025 and 2033.
By segment, Central Inverter emerged as the largest Product Type in terms of market size in 2024.
Central Inverter is anticipated to remain the most attractive Product Type segment, recording the fastest growth during the forecast period.

Source: MS Analysis Company Publications, Primary Interviews.

In 2024, Canada accounted for 9.18% of the global Solar Inverter Market size.
By 2033, United States is expected to lead the global Solar Inverter Market in terms of market size.
Within North America, United States is projected to dominate the regional Solar Inverter Market size by 2033.
Canada is identified as the fastest-growing market in North America, anticipated to reach USD 2479.16 Million by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 1114.5 Million
Market Size In 2033	USD 2,507.59 Million
Largest segment	Central Inverter
Units	Revenue in USD Million
CAGR	9.29% (2025-2033)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Segments	Sub Segments
Product Type	Central Inverter String Inverter Micro Inverter Others
Connection	On-grid Off-grid
Phase	Single Phase Three Phase
End User	Residential Commercial Industrial Utilities
Nominal Power Output	Less than or equal to 0.5 kW 0.5 - 3 kW 3 - 33 kW 33 - 110 kW 110 kW
Nominal Output Voltage	Less than or equal to 230 V 230 - 400 V 400 - 600 V 600 V