Grid-forming inverter market seen topping $1 billion by 2030

By AI, Created 5:03 PM UTC, May 18, 2026, /AGP/ – The Business Research Company projects the grid-forming inverter market will exceed $1 billion by 2030, with Asia Pacific and China leading growth. The report points to rising renewable power, battery storage, and grid resilience needs as key drivers.

Why it matters: - Grid-forming inverters are becoming more important as power grids add more renewables and lose the inertia once provided by coal and gas plants. - The market is forecast to surpass $1 billion by 2030, signaling rising demand for inverter technologies that can support frequency and voltage stability. - The sector sits within a much larger inverter market expected to reach about $48 billion by 2030. - The market would represent about 2% of the parent inverter market and nearly 0.02% of the broader electrical and electronics industry, which is expected to reach $5,579 billion by 2030.

What happened: - The Business Research Company published a forecast for the global grid-forming inverter market through 2030. - The market is projected to grow at a 9% CAGR leading up to 2030. - Asia Pacific is expected to be the largest region in 2030, with a market value of $0.4 billion. - China is expected to be the largest country in 2030, with a market value of $0.2 billion. - The company says the report is available through a detailed market report and a free sample request.

The details: - The market is segmented by type into micro inverter, string inverter, central inverter and other types. - String inverters are projected to be the largest product segment in 2030, accounting for 46% of the market, or about $1 billion. - The market is also segmented by connectivity into standalone and grid-connected systems. - Power-rating segments include below 50 kW, 50–100 kW and above 100 kW. - Application segments include solar PV plants, wind power plants, energy storage systems, electric vehicles and other applications. - End-user segments include residential, commercial and other users. - The micro inverter market is projected to grow by $0.1 billion from 2025 to 2030. - The string inverter market is projected to grow by $0.2 billion over the same period. - The central inverter market is projected to grow by $0.1 billion. - The other types segment is projected to add $0.03 billion.

Between the lines: - Asia Pacific’s growth is linked to renewable expansion in China, India and Japan, rising grid instability from intermittent power sources, smart grid investment and more energy storage deployment. - China’s lead is tied to large-scale renewable installations, grid modernization, battery storage paired with solar and wind projects, domestic power-electronics manufacturing and inverter-control advances. - The report identifies three main growth drivers: decarbonization and the retirement of synchronous generation, the spread of utility-scale battery energy storage systems, and the expansion of decentralized microgrids and resilience mandates. - The report estimates those drivers could add 2.8%, 2.5% and 2.3% annual growth, respectively. - The shift points to a grid architecture that depends more on inverter-based resources to provide stability functions once handled by traditional generators.

What’s next: - Utility-scale battery storage deployments are likely to keep pulling demand for grid-forming capabilities. - Grid modernization and microgrid buildouts should create additional demand across both developed and emerging markets. - The largest opportunities through 2030 are expected in micro inverters, string inverters, central inverters and other types, with those segments projected to contribute more than $0.4 billion in total market value. - The Business Research Company says its research services also include market entry, competitor tracking and supplier and distributor packages.

The bottom line: - Grid-forming inverters are moving from niche technology to core grid infrastructure as renewable power, storage and resilience needs reshape electricity systems.