Micro Inverter Market is expected to reach US$ 11.46 Bn. by 2029, 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.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: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.52 Bn. Forecast Period 2022 to 2029 CAGR: 20.8% Market Size in 2029: US $ 11.46 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 AmericaGlobal 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 2022-2029. 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 2029.
1. Micro Inverter Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Micro Inverter Market: Dynamics 2.1. Micro Inverter Market Trends by Region 2.1.1. North America Micro Inverter Market Trends 2.1.2. Europe Micro Inverter Market Trends 2.1.3. Asia Pacific Micro Inverter Market Trends 2.1.4. Middle East and Africa Micro Inverter Market Trends 2.1.5. South America Micro Inverter Market Trends 2.2. Micro Inverter Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Micro Inverter Market Drivers 2.2.1.2. North America Micro Inverter Market Restraints 2.2.1.3. North America Micro Inverter Market Opportunities 2.2.1.4. North America Micro Inverter Market Challenges 2.2.2. Europe 2.2.2.1. Europe Micro Inverter Market Drivers 2.2.2.2. Europe Micro Inverter Market Restraints 2.2.2.3. Europe Micro Inverter Market Opportunities 2.2.2.4. Europe Micro Inverter Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Micro Inverter Market Drivers 2.2.3.2. Asia Pacific Micro Inverter Market Restraints 2.2.3.3. Asia Pacific Micro Inverter Market Opportunities 2.2.3.4. Asia Pacific Micro Inverter Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Micro Inverter Market Drivers 2.2.4.2. Middle East and Africa Micro Inverter Market Restraints 2.2.4.3. Middle East and Africa Micro Inverter Market Opportunities 2.2.4.4. Middle East and Africa Micro Inverter Market Challenges 2.2.5. South America 2.2.5.1. South America Micro Inverter Market Drivers 2.2.5.2. South America Micro Inverter Market Restraints 2.2.5.3. South America Micro Inverter Market Opportunities 2.2.5.4. South America Micro Inverter Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Micro Inverter Industry 2.8. Analysis of Government Schemes and Initiatives For Micro Inverter Industry 2.9. Micro Inverter Market Trade Analysis 2.10. The Global Pandemic Impact on Micro Inverter Market 3. Micro Inverter Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Micro Inverter Market Size and Forecast, by Type (2022-2029) 3.1.1. Single-Phase 3.1.2. Three-Phase 3.2. Micro Inverter Market Size and Forecast, by Connection (2022-2029) 3.2.1. Standalone 3.2.2. Grid-Connected 3.3. Micro Inverter Market Size and Forecast, by End User (2022-2029) 3.3.1. Residential 3.3.2. Commercial 3.4. Micro Inverter Market Size and Forecast, by Region (2022-2029) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Micro Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Micro Inverter Market Size and Forecast, by Type (2022-2029) 4.1.1. Single-Phase 4.1.2. Three-Phase 4.2. North America Micro Inverter Market Size and Forecast, by Connection (2022-2029) 4.2.1. Standalone 4.2.2. Grid-Connected 4.3. North America Micro Inverter Market Size and Forecast, by End User (2022-2029) 4.3.1. Residential 4.3.2. Commercial 4.4. North America Micro Inverter Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Micro Inverter Market Size and Forecast, by Type (2022-2029) 4.4.1.1.1. Single-Phase 4.4.1.1.2. Three-Phase 4.4.1.2. United States Micro Inverter Market Size and Forecast, by Connection (2022-2029) 4.4.1.2.1. Standalone 4.4.1.2.2. Grid-Connected 4.4.1.3. United States Micro Inverter Market Size and Forecast, by End User (2022-2029) 4.4.1.3.1. Residential 4.4.1.3.2. Commercial 4.4.2. Canada 4.4.2.1. Canada Micro Inverter Market Size and Forecast, by Type (2022-2029) 4.4.2.1.1. Single-Phase 4.4.2.1.2. Three-Phase 4.4.2.2. Canada Micro Inverter Market Size and Forecast, by Connection (2022-2029) 4.4.2.2.1. Standalone 4.4.2.2.2. Grid-Connected 4.4.2.3. Canada Micro Inverter Market Size and Forecast, by End User (2022-2029) 4.4.2.3.1. Residential 4.4.2.3.2. Commercial 4.4.3. Mexico 4.4.3.1. Mexico Micro Inverter Market Size and Forecast, by Type (2022-2029) 4.4.3.1.1. Single-Phase 4.4.3.1.2. Three-Phase 4.4.3.2. Mexico Micro Inverter Market Size and Forecast, by Connection (2022-2029) 4.4.3.2.1. Standalone 4.4.3.2.2. Grid-Connected 4.4.3.3. Mexico Micro Inverter Market Size and Forecast, by End User (2022-2029) 4.4.3.3.1. Residential 4.4.3.3.2. Commercial 5. Europe Micro Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Micro Inverter Market Size and Forecast, by Type (2022-2029) 5.2. Europe Micro Inverter Market Size and Forecast, by Connection (2022-2029) 5.3. Europe Micro Inverter Market Size and Forecast, by End User (2022-2029) 5.4. Europe Micro Inverter Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Micro Inverter Market Size and Forecast, by Type (2022-2029) 5.4.1.2. United Kingdom Micro Inverter Market Size and Forecast, by Connection (2022-2029) 5.4.1.3. United Kingdom Micro Inverter Market Size and Forecast, by End User(2022-2029) 5.4.2. France 5.4.2.1. France Micro Inverter Market Size and Forecast, by Type (2022-2029) 5.4.2.2. France Micro Inverter Market Size and Forecast, by Connection (2022-2029) 5.4.2.3. France Micro Inverter Market Size and Forecast, by End User(2022-2029) 5.4.3. Germany 5.4.3.1. Germany Micro Inverter Market Size and Forecast, by Type (2022-2029) 5.4.3.2. Germany Micro Inverter Market Size and Forecast, by Connection (2022-2029) 5.4.3.3. Germany Micro Inverter Market Size and Forecast, by End User (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Micro Inverter Market Size and Forecast, by Type (2022-2029) 5.4.4.2. Italy Micro Inverter Market Size and Forecast, by Connection (2022-2029) 5.4.4.3. Italy Micro Inverter Market Size and Forecast, by End User(2022-2029) 5.4.5. Spain 5.4.5.1. Spain Micro Inverter Market Size and Forecast, by Type (2022-2029) 5.4.5.2. Spain Micro Inverter Market Size and Forecast, by Connection (2022-2029) 5.4.5.3. Spain Micro Inverter Market Size and Forecast, by End User (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Micro Inverter Market Size and Forecast, by Type (2022-2029) 5.4.6.2. Sweden Micro Inverter Market Size and Forecast, by Connection (2022-2029) 5.4.6.3. Sweden Micro Inverter Market Size and Forecast, by End User (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Micro Inverter Market Size and Forecast, by Type (2022-2029) 5.4.7.2. Austria Micro Inverter Market Size and Forecast, by Connection (2022-2029) 5.4.7.3. Austria Micro Inverter Market Size and Forecast, by End User (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Micro Inverter Market Size and Forecast, by Type (2022-2029) 5.4.8.2. Rest of Europe Micro Inverter Market Size and Forecast, by Connection (2022-2029) 5.4.8.3. Rest of Europe Micro Inverter Market Size and Forecast, by End User (2022-2029) 6. Asia Pacific Micro Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.3. Asia Pacific Micro Inverter Market Size and Forecast, by End User (2022-2029) 6.4. Asia Pacific Micro Inverter Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.1.2. China Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.1.3. China Micro Inverter Market Size and Forecast, by End User (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.2.2. S Korea Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.2.3. S Korea Micro Inverter Market Size and Forecast, by End User (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.3.2. Japan Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.3.3. Japan Micro Inverter Market Size and Forecast, by End User (2022-2029) 6.4.4. India 6.4.4.1. India Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.4.2. India Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.4.3. India Micro Inverter Market Size and Forecast, by End User (2022-2029) 6.4.5. Australia 6.4.5.1. Australia Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.5.2. Australia Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.5.3. Australia Micro Inverter Market Size and Forecast, by End User (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.6.2. Indonesia Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.6.3. Indonesia Micro Inverter Market Size and Forecast, by End User (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.7.2. Malaysia Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.7.3. Malaysia Micro Inverter Market Size and Forecast, by End User (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.8.2. Vietnam Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.8.3. Vietnam Micro Inverter Market Size and Forecast, by End User(2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.9.2. Taiwan Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.9.3. Taiwan Micro Inverter Market Size and Forecast, by End User (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Micro Inverter Market Size and Forecast, by Type (2022-2029) 6.4.10.2. Rest of Asia Pacific Micro Inverter Market Size and Forecast, by Connection (2022-2029) 6.4.10.3. Rest of Asia Pacific Micro Inverter Market Size and Forecast, by End User (2022-2029) 7. Middle East and Africa Micro Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Micro Inverter Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Micro Inverter Market Size and Forecast, by Connection (2022-2029) 7.3. Middle East and Africa Micro Inverter Market Size and Forecast, by End User (2022-2029) 7.4. Middle East and Africa Micro Inverter Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Micro Inverter Market Size and Forecast, by Type (2022-2029) 7.4.1.2. South Africa Micro Inverter Market Size and Forecast, by Connection (2022-2029) 7.4.1.3. South Africa Micro Inverter Market Size and Forecast, by End User (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Micro Inverter Market Size and Forecast, by Type (2022-2029) 7.4.2.2. GCC Micro Inverter Market Size and Forecast, by Connection (2022-2029) 7.4.2.3. GCC Micro Inverter Market Size and Forecast, by End User (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Micro Inverter Market Size and Forecast, by Type (2022-2029) 7.4.3.2. Nigeria Micro Inverter Market Size and Forecast, by Connection (2022-2029) 7.4.3.3. Nigeria Micro Inverter Market Size and Forecast, by End User (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Micro Inverter Market Size and Forecast, by Type (2022-2029) 7.4.4.2. Rest of ME&A Micro Inverter Market Size and Forecast, by Connection (2022-2029) 7.4.4.3. Rest of ME&A Micro Inverter Market Size and Forecast, by End User (2022-2029) 8. South America Micro Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Micro Inverter Market Size and Forecast, by Type (2022-2029) 8.2. South America Micro Inverter Market Size and Forecast, by Connection (2022-2029) 8.3. South America Micro Inverter Market Size and Forecast, by End User(2022-2029) 8.4. South America Micro Inverter Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Micro Inverter Market Size and Forecast, by Type (2022-2029) 8.4.1.2. Brazil Micro Inverter Market Size and Forecast, by Connection (2022-2029) 8.4.1.3. Brazil Micro Inverter Market Size and Forecast, by End User (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Micro Inverter Market Size and Forecast, by Type (2022-2029) 8.4.2.2. Argentina Micro Inverter Market Size and Forecast, by Connection (2022-2029) 8.4.2.3. Argentina Micro Inverter Market Size and Forecast, by End User (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Micro Inverter Market Size and Forecast, by Type (2022-2029) 8.4.3.2. Rest Of South America Micro Inverter Market Size and Forecast, by Connection (2022-2029) 8.4.3.3. Rest Of South America Micro Inverter Market Size and Forecast, by End User (2022-2029) 9. Global Micro Inverter Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Micro Inverter Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Enphase Energy Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. ABB Group 10.3. SunPower Corporation 10.4. SMA Solar Technology AG 10.5. Delta Energy Systems GmbH 10.6. SolarEdge Technologies, Inc. 10.7. ReneSola 10.8. Siemens AG 10.9. P&P Energy Technology Co., Ltd. 10.10. Involar 10.11. APsystem 10.12. Altenergy Power System 10.13. Darfon Electronics 10.14. AEconversion 10.15. Chilicon Power 10.16. Zhejiang Envertech Corporation Limited 10.17. Omnik New Energy 10.18. Sensata Technologies Inc. 10.19. EnluxSolar Co. Ltd. 10.20. U R Energy 10.21. Samil Power Co. Ltd. 11. Key Findings 12. Industry Recommendations 13. Micro Inverter Market: Research Methodology 14. Terms and Glossary