Micro Inverter Market – Global Industry Analysis and Forecast (2022-2027)

Micro Inverter Market is expected to reach US$ 7.86 Bn. by 2027, at a CAGR of 20.8% during the forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Global Micro Inverter Market To know about the Research Methodology:-Request Free Sample Report

Micro Inverter Market Dynamics:

Factors driving the growth of micro inverters market are increasing consumer preference towards greater efficiency of solar power systems, rising electricity demand, increasing government investments and tariffs on photovoltaic technology and growing applications in the residential sector. Growing awareness towards the level of solar power systems have led to other regional markets focusing on implementing regulations such as National Electric Code (NEC). Additionally, the drop in micro inverter prices along with various government initiatives have resulted in higher adoption of PV installations across the globe. Such trends are expected to propel the demand for micro inverters during the forecast period. Higher capital expenditure and significant rise in power optimizers are the major factors that are expected to hamper the growth of global solar micro inverters market. Micro inverters replace large parts of a central inverter, which makes them costlier as compared to other traditional inverters. Additionally, the installation of micro inverters requires the installation of a communication bus, which would further add up to the final costs. The micro-inverter market based on type is led by the single-phase segment. Micro-inverters were invented with single-phase technology. Single-phase technology enables the system to have a compressed size, which is well suited for residential and commercial applications. Most of the micro-inverter companies across the world offer single-phase systems. Also, as single-phase electricity transmission is well suited for residential applications, which is also one of the major markets for micro-inverters, observer high demand worldwide. For instance, in countries like the US, Australia, and European countries, the residential segment operates on single-phase transmissions of electricity.

Micro Inverter Market Regional Insights:

North America held the highest size of the micro-inverter market in 2021, followed by Europe and APAC. The high number of micro-inverter installations in the region, mainly in the US and Canada, attributes to the leading position of the region in the micro-inverter market. The US was the first country in terms of wide scale implementation of micro-inverter technology, especially for residential applications. This is one of the key factors that have led to the dominant position of North America in the micro-inverter market. In adding, favorable economic conditions and the growing solar PV market, as well as supportive regulatory policies aiding residential solar electricity generation in the US and other countries in the region, encourage several domestic and international industrialists to enhance their micro-inverter offerings for efficient energy supply. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, end use, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Micro Inverter market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.

Micro Inverter Market, Key Highlights:

• Global Micro Inverter Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Micro Inverter Market • Global Micro Inverter Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Micro Inverter Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Micro Inverter Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Micro Inverter Market are also profiled.

Micro Inverter Market Scope: Inquire before buying

Global Micro Inverter Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.53 Bn.
Forecast Period 2022 to 2027 CAGR: 20.8% Market Size in 2027: US $ 7.86 Bn.
Segments Covered: by Type • Single-Phase • Three-Phase
by Connection • Standalone • Grid-Connected
by End User • Residential • Commercial

Global Micro Inverter Market, By Region

• North America • Europe • Asia Pacific • Middle East & Africa • South America

Global Micro Inverter Market Key player

Enphase Energy Inc. • ABB Group • SunPower Corporation • SMA Solar Technology AG • Delta Energy Systems GmbH • SolarEdge Technologies, Inc. • ReneSola • Siemens AG • P&P Energy Technology Co., Ltd. • Involar • APsystem • Altenergy Power System • Darfon Electronics • AEconversion • Chilicon Power • Zhejiang Envertech Corporation Limited • Omnik New Energy • Sensata Technologies Inc. • EnluxSolar Co. Ltd. • U R Energy • Samil Power Co. Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Micro Inverter Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Micro Inverter Market? Ans: The Global Micro Inverter Market is growing at a CAGR of 20.8% during forecasting period 2022-2027. 3. What is scope of the Global Micro Inverter market report? Ans: Global Micro Inverter Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Micro Inverter market? Ans: The important key players in the Global Micro Inverter Market are – Enphase Energy Inc., ABB Group, SunPower Corporation, SMA Solar Technology AG, Delta Energy Systems GmbH, SolarEdge Technologies, Inc., ReneSola, Siemens AG, Involar, APsystem, Altenergy Power System, Darfon Electronics, AEconversion, Chilicon Power, Omnik New Energy, Sensata Technologies Inc., EnluxSolar Co. Ltd., U R Energy, and Samil Power Co. Ltd. 5. What is the study period of this market? Ans: The Global Micro Inverter Market is studied from 2021 to 2027.

Table of Content

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary : Global Micro Inverter Market, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7.Industry Trends in Global Micro Inverter Market 5. Supply Side and Demand Side Indicators 6. Global Micro Inverter Market Analysis and Forecast 6.1. Global Micro Inverter Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Micro Inverter Market Analysis and Forecast, By Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Micro Inverter Market Value Share Analysis, By Type 7.4. Global Micro Inverter Market Size (US$ Bn) Forecast, By Type 7.5. Global Micro Inverter Market Analysis, By Type 7.6. Global Micro Inverter Market Attractiveness Analysis, By Type 8. Global Micro Inverter Market Analysis and Forecast, By Connection 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Micro Inverter Market Value Share Analysis, By Connection 8.4. Global Micro Inverter Market Size (US$ Bn) Forecast, By Connection 8.5. Global Micro Inverter Market Analysis, By Connection 8.6. Global Micro Inverter Market Attractiveness Analysis, By Connection 9. Global Micro Inverter Market Analysis and Forecast, by End User 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Micro Inverter Market Value Share Analysis, by End User 9.4. Global Micro Inverter Market Size (US$ Bn) Forecast, by End User 9.5. Global Micro Inverter Market Analysis, by End User 9.6. Global Micro Inverter Market Attractiveness Analysis, by End User 10. Global Micro Inverter Market Analysis, by Region 10.1. Global Micro Inverter Market Value Share Analysis, by Region 10.2. Global Micro Inverter Market Size (US$ Bn) Forecast, by Region 10.3. Global Micro Inverter Market Attractiveness Analysis, by Region 11. North America Micro Inverter Market Analysis 11.1. Key Findings 11.2. North America Micro Inverter Market Overview 11.3. North America Micro Inverter Market Value Share Analysis, By Type 11.4. North America Micro Inverter Market Forecast, By Type 11.4.1. Single-Phase 11.4.2. Three-Phase 11.5. North America Micro Inverter Market Value Share Analysis, By Connection 11.6. North America Micro Inverter Market Forecast, By Connection 11.6.1. Standalone 11.6.2. Grid-Connected 11.7. North America Micro Inverter Market Value Share Analysis, by End User 11.8. North America Micro Inverter Market Forecast, by End User 11.8.1. Residential 11.8.2. Commercial 11.9. North America Micro Inverter Market Value Share Analysis, by Country 11.10. North America Micro Inverter Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America Micro Inverter Market Analysis, by Country 11.12. U.S. Micro Inverter Market Forecast, By Type 11.12.1. Single-Phase 11.12.2. Three-Phase 11.13. U.S. Micro Inverter Market Forecast, By Connection 11.13.1. Standalone 11.13.2. Grid-Connected 11.14. U.S. Micro Inverter Market Forecast, by End User 11.14.1. Residential 11.14.2. Commercial 11.15. Canada Micro Inverter Market Forecast, By Type 11.15.1. Single-Phase 11.15.2. Three-Phase 11.16. Canada Micro Inverter Market Forecast, By Connection 11.16.1. Standalone 11.16.2. Grid-Connected 11.17. Canada Micro Inverter Market Forecast, by End User 11.17.1. Residential 11.17.2. Commercial 11.18. North America Micro Inverter Market Attractiveness Analysis 11.18.1. By Type 11.18.2. By Connection 11.18.3. By End User 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Development 12. Europe Micro Inverter Market Analysis 12.1. Key Findings 12.2. Europe Micro Inverter Market Overview 12.3. Europe Micro Inverter Market Value Share Analysis, By Type 12.4. Europe Micro Inverter Market Forecast, By Type 12.4.1. Single-Phase 12.4.2. Three-Phase 12.5. Europe Micro Inverter Market Value Share Analysis, By Connection 12.6. Europe Micro Inverter Market Forecast, By Connection 12.6.1. Standalone 12.6.2. Grid-Connected 12.7. Europe Micro Inverter Market Value Share Analysis, by End User 12.8. Europe Micro Inverter Market Forecast, by End User 12.8.1. Residential 12.8.2. Commercial 12.9. Europe Micro Inverter Market Value Share Analysis, by Country 12.10. Europe Micro Inverter Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Rest of Europe 12.11. Europe Micro Inverter Market Analysis, by Country 12.12. Germany Micro Inverter Market Forecast, By Type 12.12.1. Single-Phase 12.12.2. Three-Phase 12.13. Germany Micro Inverter Market Forecast, By Connection 12.13.1. Standalone 12.13.2. Grid-Connected 12.14. Germany Micro Inverter Market Forecast, by End User 12.14.1. Residential 12.14.2. Commercial 12.15. U.K. Micro Inverter Market Forecast, By Type 12.15.1. Single-Phase 12.15.2. Three-Phase 12.16. U.K. Micro Inverter Market Forecast, By Connection 12.16.1. Standalone 12.16.2. Grid-Connected 12.17. U.K. Micro Inverter Market Forecast, by End User 12.17.1. Residential 12.17.2. Commercial 12.18. France Micro Inverter Market Forecast, By Type 12.18.1. Single-Phase 12.18.2. Three-Phase 12.19. France Micro Inverter Market Forecast, By Connection 12.19.1. Standalone 12.19.2. Grid-Connected 12.20. France Micro Inverter Market Forecast, by End User 12.20.1. Residential 12.20.2. Commercial 12.21. Italy Micro Inverter Market Forecast, By Type 12.21.1. Single-Phase 12.21.2. Three-Phase 12.22. Italy Micro Inverter Market Forecast, By Connection 12.22.1. Standalone 12.22.2. Grid-Connected 12.23. Italy Micro Inverter Market Forecast, by End User 12.23.1. Residential 12.23.2. Commercial 12.24. Spain Micro Inverter Market Forecast, By Type 12.24.1. Single-Phase 12.24.2. Three-Phase 12.25. Spain Micro Inverter Market Forecast, By Connection 12.25.1. Standalone 12.25.2. Grid-Connected 12.26. Spain Micro Inverter Market Forecast, by End User 12.26.1. Residential 12.26.2. Commercial 12.27. Rest of Europe Micro Inverter Market Forecast, By Type 12.27.1. Single-Phase 12.27.2. Three-Phase 12.28. Rest of Europe Micro Inverter Market Forecast, By Connection 12.28.1. Standalone 12.28.2. Grid-Connected 12.29. Rest of Europe Micro Inverter Market Forecast, by End User 12.29.1. Residential 12.29.2. Commercial 12.30. Europe Micro Inverter Market Attractiveness Analysis 12.30.1. By Type 12.30.2. By Connection 12.30.3. By End User 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Development 13. Asia Pacific Micro Inverter Market Analysis 13.1. Key Findings 13.2. Asia Pacific Micro Inverter Market Overview 13.3. Asia Pacific Micro Inverter Market Value Share Analysis, By Type 13.4. Asia Pacific Micro Inverter Market Forecast, By Type 13.4.1. Single-Phase 13.4.2. Three-Phase 13.5. Asia Pacific Micro Inverter Market Value Share Analysis, By Connection 13.6. Asia Pacific Micro Inverter Market Forecast, By Connection 13.6.1. Standalone 13.6.2. Grid-Connected 13.7. Asia Pacific Micro Inverter Market Value Share Analysis, by End User 13.8. Asia Pacific Micro Inverter Market Forecast, by End User 13.8.1. Residential 13.8.2. Commercial 13.9. Asia Pacific Micro Inverter Market Value Share Analysis, by Country 13.10. Asia Pacific Micro Inverter Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific Micro Inverter Market Analysis, by Country 13.12. China Micro Inverter Market Forecast, By Type 13.12.1. Single-Phase 13.12.2. Three-Phase 13.13. China Micro Inverter Market Forecast, By Connection 13.13.1. Standalone 13.13.2. Grid-Connected 13.14. China Micro Inverter Market Forecast, by End User 13.14.1. Residential 13.14.2. Commercial 13.15. India Micro Inverter Market Forecast, By Type 13.15.1. Single-Phase 13.15.2. Three-Phase 13.16. India Micro Inverter Market Forecast, By Connection 13.16.1. Standalone 13.16.2. Grid-Connected 13.17. India Micro Inverter Market Forecast, by End User 13.17.1. Residential 13.17.2. Commercial 13.18. Japan Micro Inverter Market Forecast, By Type 13.18.1. Single-Phase 13.18.2. Three-Phase 13.19. Japan Micro Inverter Market Forecast, By Connection 13.19.1. Standalone 13.19.2. Grid-Connected 13.20. Japan Micro Inverter Market Forecast, by End User 13.20.1. Residential 13.20.2. Commercial 13.21. ASEAN Micro Inverter Market Forecast, By Type 13.21.1. Single-Phase 13.21.2. Three-Phase 13.22. ASEAN Micro Inverter Market Forecast, By Connection 13.22.1. Standalone 13.22.2. Grid-Connected 13.23. ASEAN Micro Inverter Market Forecast, by End User 13.23.1. Residential 13.23.2. Commercial 13.24. Rest of Asia Pacific Micro Inverter Market Forecast, By Type 13.24.1. Single-Phase 13.24.2. Three-Phase 13.25. Rest of Asia Pacific Micro Inverter Market Forecast, By Connection 13.25.1. Standalone 13.25.2. Grid-Connected 13.26. Rest of Asia Pacific Micro Inverter Market Forecast, by End User 13.26.1. Residential 13.26.2. Commercial 13.27. Asia Pacific Micro Inverter Market Attractiveness Analysis 13.27.1. By Type 13.27.2. By Connection 13.27.3. By End User 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Development 14. Middle East & Africa Micro Inverter Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Micro Inverter Market Overview 14.3. Middle East & Africa Micro Inverter Market Value Share Analysis, By Type 14.4. Middle East & Africa Micro Inverter Market Forecast, By Type 14.4.1. Single-Phase 14.4.2. Three-Phase 14.5. Middle East & Africa Micro Inverter Market Value Share Analysis, By Connection 14.6. Middle East & Africa Micro Inverter Market Forecast, By Connection 14.6.1. Standalone 14.6.2. Grid-Connected 14.7. Middle East & Africa Micro Inverter Market Value Share Analysis, by End User 14.8. Middle East & Africa Micro Inverter Market Forecast, by End User 14.8.1. Residential 14.8.2. Commercial 14.9. Middle East & Africa Micro Inverter Market Value Share Analysis, by Country 14.10. Middle East & Africa Micro Inverter Market Forecast, by Country 14.10.1. GCC 14.10.2. South Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa Micro Inverter Market Analysis, by Country 14.12. GCC Micro Inverter Market Forecast, By Type 14.12.1. Single-Phase 14.12.2. Three-Phase 14.13. GCC Micro Inverter Market Forecast, By Connection 14.13.1. Standalone 14.13.2. Grid-Connected 14.14. GCC Micro Inverter Market Forecast, by End User 14.14.1. Residential 14.14.2. Commercial 14.15. South Africa Micro Inverter Market Forecast, By Type 14.15.1. Single-Phase 14.15.2. Three-Phase 14.16. South Africa Micro Inverter Market Forecast, By Connection 14.16.1. Standalone 14.16.2. Grid-Connected 14.17. South Africa Micro Inverter Market Forecast, by End User 14.17.1. Residential 14.17.2. Commercial 14.18. Rest of Middle East & Africa Micro Inverter Market Forecast, By Type 14.18.1. Single-Phase 14.18.2. Three-Phase 14.19. Rest of Middle East & Africa Micro Inverter Market Forecast, By Connection 14.19.1. Standalone 14.19.2. Grid-Connected 14.20. Rest of Middle East & Africa Micro Inverter Market Forecast, by End User 14.20.1. Residential 14.20.2. Commercial 14.21. Middle East & Africa Micro Inverter Market Attractiveness Analysis 14.21.1. By Type 14.21.2. By Connection 14.21.3. By End User 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Development 15. South America Micro Inverter Market Analysis 15.1. Key Findings 15.2. South America Micro Inverter Market Overview 15.3. South America Micro Inverter Market Value Share Analysis, By Type 15.4. South America Micro Inverter Market Forecast, By Type 15.4.1. Single-Phase 15.4.2. Three-Phase 15.5. South America Micro Inverter Market Value Share Analysis, By Connection 15.6. South America Micro Inverter Market Forecast, By Connection 15.6.1. Standalone 15.6.2. Grid-Connected 15.7. South America Micro Inverter Market Value Share Analysis, by End User 15.8. South America Micro Inverter Market Forecast, by End User 15.8.1. Residential 15.8.2. Commercial 15.9. South America Micro Inverter Market Value Share Analysis, by Country 15.10. South America Micro Inverter Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of South America 15.11. South America Micro Inverter Market Analysis, by Country 15.12. Brazil Micro Inverter Market Forecast, By Type 15.12.1. Single-Phase 15.12.2. Three-Phase 15.13. Brazil Micro Inverter Market Forecast, By Connection 15.13.1. Standalone 15.13.2. Grid-Connected 15.14. Brazil Micro Inverter Market Forecast, by End User 15.14.1. Residential 15.14.2. Commercial 15.15. Mexico Micro Inverter Market Forecast, By Type 15.15.1. Single-Phase 15.15.2. Three-Phase 15.16. Mexico Micro Inverter Market Forecast, By Connection 15.16.1. Standalone 15.16.2. Grid-Connected 15.17. Mexico Micro Inverter Market Forecast, by End User 15.17.1. Residential 15.17.2. Commercial 15.18. Rest of South America Micro Inverter Market Forecast, By Type 15.18.1. Single-Phase 15.18.2. Three-Phase 15.19. Rest of South America Micro Inverter Market Forecast, By Connection 15.19.1. Standalone 15.19.2. Grid-Connected 15.20. Rest of South America Micro Inverter Market Forecast, by End User 15.20.1. Residential 15.20.2. Commercial 15.21. South America Micro Inverter Market Attractiveness Analysis 15.21.1. By Type 15.21.2. By Connection 15.21.3. By End User 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Development 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 16.2.2. New Product Launches and Product Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A by Regions, Investment and Applications 16.2.3.2. M&A Key Players, Forward Integration and Backward Integration 16.3. Company Profiles: Key Players 16.3.1. Enphase Energy Inc 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Product Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Company Footprint 16.3.2. ABB Group 16.3.3. SunPower Corporation 16.3.4. SMA Solar Technology AG 16.3.5. Delta Energy Systems GmbH 16.3.6. SolarEdge Technologies, Inc. 16.3.7. ReneSola 16.3.8. Siemens AG 16.3.9. P&P Energy Technology Co., Ltd. 16.3.10. Involar 16.3.11. Altenergy Power System 16.3.12. Darfon Electronics 16.3.13. AEconversion 16.3.14. Chilicon Power 16.3.15. Zhejiang Envertech Corporation Limited 16.3.16. Omnik New Energy 16.3.17. Sensata Technologies Inc. 16.3.18. EnluxSolar Co. Ltd. 16.3.19. U R Energy 16.3.20. Samil Power Co. Ltd. 17. Primary Key Insights

About This Report

Report ID 29636
Category Electronics
Published Date May 2019
Updated Date Oct 2020
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