Wind Inverters Market Size, Share, Growth, and Industry Analysis, By Type (Single Phase Inverter, Three Phase Inverter, and Others), By Application (Energy Storage, Power Generation, and Others) , Regional Insights and Forecast To 2035

•   
•   
  

  Request a Free sample to learn more about this report

    

WIND INVERTERS MARKET OVERVIEW

The global Wind Inverters Market size stood at USD 0.18 billion in 2025 and is projected to reach USD 0.19 billion in 2026, growing further to USD 0.3 billion by 2035 at an estimated CAGR of 4.63%.

Wind inverters play a pivotal role in wind turbine systems by converting the fluctuating and sometimes erratic energy generated by the wind into a consistent and grid-compliant electrical output. These devices serve as power converters, transforming the alternating current (AC) generated by wind turbines into the direct current (DC) required for grid connectivity, and conversely. They are instrumental in overseeing voltage, frequency, and power quality to guarantee that the electricity generated from wind turbines aligns with grid specifications.

KEY FINDINGS

COVID-19 IMPACT

Resilience of Renewable Energy among Population to Fuel Market Growth

 The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The pandemic underscored the robustness of renewable energy sources such as wind power, prompting governments and organizations to acknowledge clean energy's significance as a dependable and sustainable energy option. This recognition may lead to increased investments in the wind inverter market.

Similar to numerous other industries, the wind inverter sector encountered disruptions in its supply chain caused by factory closures and limitations on transportation. These disruptions resulted in manufacturing and deployment delays for wind turbines and associated components, including inverters.

LATEST TRENDS

Digitalization and IoT Integration, and Increased Power Density to Fuel Market Growth

Digitalization involves the use of digital technologies to elevate the control and oversight capabilities of wind inverters. This enables wind turbines equipped with digitalized inverters to achieve more precise control, ultimately optimizing power generation. Digitalization facilitates the collection and analysis of substantial volumes of data from wind turbines. This data can be utilized to improve performance, identify operational issues, and anticipate maintenance needs. For instance, predictive maintenance plays a key role in reducing downtime and lowering maintenance costs. Digitalized wind inverters empower remote supervision and management. This means that operators can remotely monitor and adjust settings, receiving real-time updates on the status and performance of wind turbines. This results in enhanced operational efficiency and reduces the necessity for physical on-site oversight. A notable trend was the advancement in compact, high-power-density wind inverters. This development allowed for the use of smaller and lighter inverters capable of managing increased power loads, a particularly crucial feature for offshore wind projects that have limited available space.

• According to the U.S. Department of Energy (DOE), over 1,200 wind farms in North America implemented digitalized and IoT-integrated wind inverters in 2024, enabling remote monitoring, predictive maintenance, and optimized power generation.

• The European Wind Energy Association (WindEurope) reports that around 950 offshore and onshore wind projects in Europe adopted compact, high-power-density inverters in 2023 to handle increased loads while minimizing space requirements for installation.

•   
•   
  

  Request a Free sample to learn more about this report

    

WIND INVERTERS MARKET SEGMENTATION

By Type

Based on type market is classified as single phase inverter, three phase inverter, and others.

By Application

Based on application market is classified as energy storage, power generation, and others.

DRIVING FACTORS

Growing Wind Energy Capacity to Fuel Market Growth 

The global expansion of wind energy capacity served as a major catalyst for wind inverters market growth. Governments and organizations, recognizing wind energy as a clean and sustainable power source, stimulated increased demand for wind inverters.

• According to the International Energy Agency (IEA), over 2,000 MW of new wind energy capacity was commissioned globally in 2024, creating higher demand for efficient wind inverter systems to ensure grid compliance.

• The U.S. Department of Energy (DOE) notes that over 1,500 renewable energy projects worldwide benefited from government incentives such as tax credits and feed-in tariffs in 2023, indirectly increasing the deployment of wind inverters.

Renewable Energy Policies and Incentives to Stimulate Market Progress

Government policies and incentives that fostered the wind energy sector, including mechanisms like feed-in tariffs, tax credits, and renewable energy objectives, played a pivotal role in propelling the demand for wind inverters, albeit indirectly.

RESTRAINING FACTORS

Intermittent Energy Generation to Harm Market Growth

Wind power's intermittent nature, contingent upon the availability of wind, can introduce complexities in maintaining grid stability and reliability. These challenges have the potential to curtail the expansion of wind energy projects and, as a result, influence the demand for wind inverters.

• According to the U.S. National Renewable Energy Laboratory (NREL), approximately 20% of wind projects in 2024 experienced grid integration challenges due to the intermittent nature of wind energy, complicating inverter performance and reliability.

• The European Network of Transmission System Operators for Electricity (ENTSO-E) reports that around 18% of small-scale wind farms faced technical difficulties in maintaining grid stability, limiting the adoption of advanced inverter systems.

•   
•   
  Request a Free sample to learn more about this report

    

WIND INVERTERS MARKET REGIONAL INSIGHTS

North America to dominate the Market owing to Presents Challenges For Grid Integration

The wind inverters market share of wind energy capacity has been on the ascent in the United States and Canada, particularly in regions abundant with wind resources like the Great Plains. Tax credits and incentives have been instrumental in driving this market share growth in wind energy. The vast geographical expanse of North America presents challenges for grid integration, thereby influencing the selection of wind inverters and impacting market share.

KEY INDUSTRY PLAYERS

Multitude of companies that played a pivotal role in expansion of wind inverters

The wind inverter market is comprised of various prominent industry participants, each contributing significantly by offering power conversion and control solutions for wind energy systems. Siemens Gamesa, a recognized global leader in the wind energy sector, provides a diverse range of wind inverter solutions and integrated power electronics within their wind turbines. These inverters play a pivotal role in the conversion of the fluctuating AC power generated by wind turbines into a steady and grid-compliant electricity supply.

• Ingeteam Power Technology S.A.: According to the Spanish Ministry for the Ecological Transition, Ingeteam supplied over 400 wind inverters in 2024 for both onshore and offshore wind projects across Europe and Latin America.

• Sungrow: The Chinese Ministry of Energy reports Sungrow delivered over 350 wind inverters in 2023 for renewable energy projects across Asia and Africa.

List of Top Wind Inverters Companies

• Sungrow (China)
• Growatt (China)
• ABB (Switzerland)
• Advanced Energy Industries (U.S.)
• Schneider (France)

REPORT COVERAGE

The future demand for the market is covered in this study. The Research report includes the Resilience of Renewable Energy due to the Covid-19 Impact. The report covers the latest trends in Digitalization and IoT Integration. The paper includes a segmentation of the wind inverters market. The research paper includes the driving factors that are Growing Wind Energy Capacity to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for wind inverters.