Nordic Solar Inverter Market Size & Outlook, 2025-2033

Nordic Solar Inverter Market Highlights

According to Market Strides analysis, the Nordic Solar Inverter Market size was USD 126.53 Million in 2024 and is projected to reach USD 276.45 Million by 2033.
The Nordic market is projected to grow at a CAGR of 9.06% between 2025 and 2033.
By segment, Central Inverter emerged as the largest Product Type in terms of market size in 2024.
Micro 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.

Nordic accounted for 1.05% 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 Europe, Germany is forecasted to dominate the regional Solar Inverter Market size by 2033.
France will be the fastest-growing market in Europe, projected to achieve USD 949.84 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 126.53 Million
Market Size In 2033	USD 276.45 Million
Largest segment	Central Inverter
Units	Revenue in USD Million
CAGR	9.06% (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