Mexico Solar Inverter Market Size & Outlook, 2025-2033

Mexico Solar Inverter Market Highlights

According to Market Strides analysis, the Mexico Solar Inverter Market size was USD 190.31 Million in 2024 and is projected to reach USD 395.43 Million by 2033.
The Mexico market is projected to grow at a CAGR of 8.47% between 2025 and 2033.
By segment, Central Inverter emerged as the largest Product Type in terms of market size in 2024.
String 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.

Other Key Findings

Mexico accounted for 1.57% of the global Solar Inverter Market size in 2024.
By 2033, United States is expected to remain the top global market in terms of size.
Within LATAM, Brazil is forecasted to dominate the regional Solar Inverter Market size by 2033.
Argentina will be the fastest-growing market in LATAM, projected to achieve USD 1063.95 Million by 2033.

Report Summary

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 190.31 Million
Market Size In 2033	USD 395.43 Million
Largest segment	Central Inverter
Units	Revenue in USD Million
CAGR	8.47% (2025-2033)
Segmnetation Covered
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
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Mexico Solar Inverter Market Product Type 2025-2033 (USD Million)

Product Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Central Inverter	XX.x	XX.x	XX.x	79.64	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
String Inverter	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Micro Inverter	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Others	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Mexico Solar Inverter Market Connection 2025-2033 (USD Million)

Connection	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
On-grid	XX.x	XX.x	XX.x	121.36	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Off-grid	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Mexico Solar Inverter Market Phase 2025-2033 (USD Million)

Phase	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Single Phase	XX.x	XX.x	XX.x	104.78	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Three Phase	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Mexico Solar Inverter Market End User 2025-2033 (USD Million)

End User	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Residential	XX.x	XX.x	XX.x	76.35	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Commercial	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Industrial	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Utilities	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Mexico Solar Inverter Market Nominal Power Output 2025-2033 (USD Million)

Nominal Power Output	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Less than or equal to 0.5 kW	XX.x	XX.x	XX.x	66.87	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
0.5 - 3 kW	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
3 - 33 kW	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
33 - 110 kW	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
110 kW	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Mexico Solar Inverter Market Nominal Output Voltage 2025-2033 (USD Million)

Nominal Output Voltage	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Less than or equal to 230 V	XX.x	XX.x	XX.x	84.19	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
230 - 400 V	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
400 - 600 V	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
600 V	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Author :

Market Strides Research Team

The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.