A new Report by Delvens, titled "Grid-Forming Inverter (GFMI) Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Grid-Forming Inverter (GFMI) Market size was estimated at USD 670 million in 2025 and is projected to reach USD 1209 million in 2030 at a CAGR of 8.8% during the forecast period 2023-2030.
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Inverters are devices that act as a bridge between the power grid and energy sources like solar panels, wind turbines, and energy storage devices. Grid-forming inverters are a type of inverter that can control voltage and frequency, which makes them more efficient and better at managing power than grid-following inverters. Grid-forming inverters can also operate independently, without relying on the rest of the power grid. This reduces complexity and dependence on external factors.
Grid-forming inverters are a type of inverter that provides the interface between the grid and energy sources like solar panels, wind turbines, and energy storage devices. These inverters are voltage and frequency controlled, which means they have better control and efficiency compared to grid-following inverters.
Key Findings
- On the basis of power infrastructure, the growth of the inverter market is being driven by two major factors: continuous infrastructure development in both developing and developed economies, and the rising demand for uninterrupted electricity supply.
- On the basis of end user, the term greenhouse effect refers to the phenomenon of the Earth's atmosphere trapping heat from the sun, leading to global warming and climate change.
- On the basis of Type, A grid-forming inverter is a type of inverter that can operate independently without the need for coordination controls.
North America to Dominate the Market
Europe is estimated to account for the largest market share during the forecast period. The grid forming inverters have been gaining traction in Europe, driven by the region’s increasing focus on renewable energy.
Grid forming inverters are becoming essential components of Europe’s evolving energy landscape, supporting the integration of renewable energy sources and enabling grid stability and resilience.
Competitive Landscape
- Huawei Technologies Co.
- General Electric
- Power Electronics
- SMA Solar Technology
- Games Electric
- FIMER
- Growatt New Energy
- TBEA Xingjang Sunoasis
- Fronius International
- Goodwe
- Schneider Electric
- SolarEdge Technologies and More
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Recent Developments
In March 2022, Huawei Technology has signed a strategic cooperation agreement with Meienergy Technology Co. Ltd. For providing smart PV and energy storage system for the 1 GW utility PV plant and 500 MWh energy storage system in Ghana which is NA developed by Meienergy.
In Feb 2022, FIMER made a partnership with vega Solar to supply 14 PVS-100 inverters, three-phase string solution in Albania. The PVS-100 is FIMER’s cloud connected 3 Phase string inverter solution for cost efficient decentralized photovoltaic systems for both ground mounted and rooftop applications.
Grid-Forming Inverter (GFMI) Market by Output Power Rating, Application, Voltage, by End-User, by Type, and region:
Based on Type
- Micro inverter
- String inverter
- Central inverter
Based on the Application
- Solar PV Plants
- Wind Power Plants
- Energy Storage Systems
- Electric Vehicles
Based on the Voltage
- 100-300 V
- 300-500 V
- Above 500 V
Based on Power rating
- Below 50 KW
- 50-100 KW
- Above 100 KW
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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Key Features of Global Market Report:
- Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
- Identify growth opportunities for stakeholders by pinpointing high-growth segments.
- Study global industries status and forecast, focusing on key regions.
- Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
- Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
- Assist in making strategic business decisions and investment plans.
Frequently Asked Questions
- What are the years considered to study Grid-Forming Inverter (GFMI) Market?
- What is the compound annual growth rate (CAGR) of the Grid-Forming Inverter (GFMI) Market?
- Which region holds the largest market share in Grid-Forming Inverter (GFMI) Market?
- Which region is the fastest growing in Grid-Forming Inverter (GFMI) Market?
- Who are the major players in Grid-Forming Inverter (GFMI) Market?
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