Solar Microinverter Market is expected to reach US$ 7.85 Bn by 2029, at a CAGR of 18.4% during the forecast period.Solar Microinverter Market Drivers and Restrains:
Energy supply from renewable sources plays important role of energy distribution, mainly when there are Problems relating to sustainable environment. In this case, Microinverter are of great help. Traditional solar systems contain a single inverter & in case of any failure of inverter, there is no backup of energy transfer. Microinverter are standby energy source. A solar micro-inverter is a plug-&-play device used in photovoltaics, that converts DC to AC & it works on individual module level. The solar Microinverter market is driven by continuous R&D activities and high reduction in the costs of Microinverter. The solar micro inverter market also takes a great boost owing to its compact size & versatility. In addition, rising requirement of clients, based on modularity, safety, and maximum energy harvest will endure to drive the market towards the north.To know about the Research Methodology :- Request Free Sample Report Due to growing demand, a lot of revolution is taking place in the solar micro-inverter industry. For example, Tesla has launched a solar roof. This solar roof contains of the power wall battery, turning sunlight into electricity. The solar roof is prepared of tempered glass tiles and these tiles are stronger than non-solar tiles & regular plate glass. The micro inverter addresses several of the shortcomings of central inverters.
Solar Microinverter Market Regional Insights
APAC held the leading market share of XX% in 2022 & is expected to reach US$ Mn by the end of 2029, with a CAGR of XX%. Thanks to the occurrence of leading nations such as China, India, & Japan. Technical advancement, growing demand for power in the region fueling the market development during the forecast period. In addition, government initiatives such as the India’s national solar mission is also pushing the Solar Microinverter Market towards the north. The World Bank is promised to supporting India’s solar energy push. The Bank is providing more than USD 1 Bn to help India’s solar plans, starting with a Grid Connected Rooftop Solar plan which aims to put solar panels on rooftops through the country, & 100MW of energy has already been financed through this plan. On June 30, 2017, the institution signed an agreement with the International Solar Alliance, containing of 121 countries led by India, to collaborate on increasing solar energy use around the world & activate $1 trillion in investments by the year 2030. India is installing solar panels on rooftops & floating solar platforms on rivers & other bodies of water.Huawei, Sungrow & SMA dominate total inverter market:
APAC is still the center of international demand although the market declined slightly last year, MMR. Chinese company Huawei led the field with the top three companies unchanged for five years. Chinese rival Sungrow had the 2nd biggest share of the market again, ahead of German company SMA. United. States company Power Electronics claimed 4th position thanks to dominance in its domestic market, even if it lost United States. Market share to Sungrow during the year. Italian inverter maker Fimer enjoyed the biggest development, climbing to 5th after it took over the solar inverter business of Swiss company ABB. The big 5 surrendered only 1 percent of their stranglehold on the total market to claim 56 percent of business.Over 50% of India's Power to Come from Renewables in 10 years
The report covers Single-Phase, and Three-Phase with detailed analysis Global Solar Inverter Market industry with the classifications of the market on the Type, Connectivity & region. Analysis of past market dynamics from 2017 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.Solar Microinverter Market : Inquire before buying
Solar Microinverter Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 2.40 Bn. Forecast Period 2023 to 2029 CAGR: 18.4% Market Size in 2029: US $ 7.85 Bn. Segments Covered: by Type • Single-Phase • Three-Phase by Connectivity • Standalone • Integrated by Distribution Channel • Direct Sales • Indirect Sales Solar Microinverter Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Solar Microinverter Market Key Players
• Emerson Electric Company. • Schneider Electric Co • Power-one Inc. • SMA Solar Type AG • CO New Energy • Huawei Technologie • Sungrow Power Supply • SMA Solar Type • Power Electronic • ABB • Sineng • Goodwe • Solar Edge Technologies • Ingeteam • TBEA Sunoasis. • Darfon Electronics Corp. • Altenergy Power System Inc. • Enphase Energy Inc • SunPower Corporation • Chilicon Power, LLC • I Energy Corporation Limited • NEP Microinverter Inc. Frequently Asked Questions: 1. Which region has the largest share in Global Solar Microinverter Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Solar Microinverter Market? Ans: The Global Solar Microinverter Market is growing at a CAGR of 18.4% during forecasting period 2023-2029. 3. What is scope of the Global Solar Microinverter Market report? Ans: Global Solar Microinverter 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 Solar Microinverter Market? Ans: The important key players in the Global Solar Microinverter Market are – Emerson Electric Company., Schneider Electric Co, Power-one Inc., SMA Solar Type AG, CO New Energy, Huawei Technologie, Sungrow Power Supply, SMA Solar Type, Power Electronic, ABB, Sineng, Goodwe, Solar Edge Technologies, Ingeteam, TBEA Sunoasis., Darfon Electronics Corp., Altenergy Power System Inc., Enphase Energy Inc, SunPower Corporation, Chilicon Power, LLC, I Energy Corporation Limited, NEP Microinverter Inc. 5. What is the study period of this Market? Ans: The Global Solar Microinverter Market is studied from 2022 to 2029.
Global Solar Microinverter Market 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 Solar Microinverter Market Size, by Market Value (US$ Mn) 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 and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Solar Microinverter Market Analysis and Forecast 6.1. Global Solar 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. Latin America 7. Global Solar Microinverter Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Solar Microinverter Market Value Share Analysis, by Type 7.4. Global Solar Microinverter Market Size (US$ Mn) Forecast, by Type 7.5. Global Solar Microinverter Market Analysis, by Type 7.6. Global Solar Microinverter Market Attractiveness Analysis, by Type 8. Global Solar Microinverter Market Analysis and Forecast, by Connectivity 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Solar Microinverter Market Value Share Analysis, by Connectivity 8.4. Global Solar Microinverter Market Size (US$ Mn) Forecast, by Connectivity 8.5. Global Solar Microinverter Market Analysis, by Connectivity 8.6. Global Solar Microinverter Market Attractiveness Analysis, by Connectivity 9. Global Solar Microinverter Market Analysis and Forecast, by Distribution Channel 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Solar Microinverter Market Value Share Analysis, by Distribution Channel 9.4. Global Solar Microinverter Market Size (US$ Mn) Forecast, by Distribution Channel 9.5. Global Solar Microinverter Market Analysis, by Distribution Channel 9.6. Global Solar Microinverter Market Attractiveness Analysis, by Distribution Channel 10. Global Solar Microinverter Market Analysis, by Region 10.1. Global Solar Microinverter Market Value Share Analysis, by Region 10.2. Global Solar Microinverter Market Size (US$ Mn) Forecast, by Region 10.3. Global Solar Microinverter Market Attractiveness Analysis, by Region 11. North America Solar Microinverter Market Analysis 11.1. Key Findings 11.2. North America Solar Microinverter Market Overview 11.3. North America Solar Microinverter Market Value Share Analysis, by Type 11.4. North America Solar Microinverter Market Forecast, by Type 11.4.1. Single-Phase 11.4.2. Three-Phase 11.5. North America Solar Microinverter Market Forecast, by Connectivity 11.5.1. Standalone 11.5.2. Integrated 11.6. North America Solar Microinverter Market Forecast, by Distribution Channel 11.6.1. Direct Sales 11.6.2. Indirect Sales 11.7. North America Solar Microinverter Market Value Share Analysis, by Country 11.8. North America Solar Microinverter Market Forecast, by Country 11.9. U.S. 11.10. Canada 11.11. North America Solar Microinverter Market Analysis, by Country 11.12. U.S. Solar Microinverter Market Forecast, by Type 11.12.1. Single-Phase 11.12.2. Three-Phase 11.13. U.S. Solar Microinverter Market Forecast, by Connectivity 11.13.1. Standalone 11.13.2. Integrated 11.14. U.S. Solar Microinverter Market Forecast, by Distribution Channel 11.14.1. Direct Sales 11.14.2. Indirect Sales 11.15. Canada Solar Microinverter Market Forecast, by Type 11.15.1. Single-Phase 11.15.2. Three-Phase 11.16. Canada Solar Microinverter Market Forecast, by Connectivity 11.16.1. Standalone 11.16.2. Integrated 11.17. Canada Solar Microinverter Market Forecast, by Distribution Channel 11.17.1. Direct Sales 11.17.2. Indirect Sales 11.18. North America Solar Microinverter Market Attractiveness Analysis 11.18.1. By Type 11.18.2. By Connectivity 11.18.3. By Distribution Channel 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Developments 12. Europe Solar Microinverter Market Analysis 12.1. Key Findings 12.2. Europe Solar Microinverter Market Overview 12.3. Europe Solar Microinverter Market Value Share Analysis, by Type 12.4. Europe Solar Microinverter Market Forecast, by Type 12.4.1. Single-Phase 12.4.2. Three-Phase 12.5. Europe Solar Microinverter Market Forecast, by Connectivity 12.5.1. Standalone 12.5.2. Integrated 12.6. Europe Solar Microinverter Market Forecast, by Distribution Channel 12.6.1. Direct Sales 12.6.2. Indirect Sales 12.7. Europe Solar Microinverter Market Value Share Analysis, by Country 12.8. Europe Solar Microinverter Market Forecast, by Country 12.8.1. Germany 12.8.2. U.K. 12.8.3. France 12.8.4. Italy 12.8.5. Spain 12.8.6. Rest of Europe 12.9. Europe Solar Microinverter Market Analysis, by Country 12.10. Germany Solar Microinverter Market Forecast, by Type 12.10.1. Single-Phase 12.10.2. Three-Phase 12.11. Germany Solar Microinverter Market Forecast, by Connectivity 12.11.1. Standalone 12.11.2. Integrated 12.12. Germany Solar Microinverter Market Forecast, by Distribution Channel 12.12.1. Direct Sales 12.12.2. Indirect Sales 12.13. U.K Solar Microinverter Market Forecast, by Type 12.13.1. Single-Phase 12.13.2. Three-Phase 12.14. U.K Solar Microinverter Market Forecast, by Connectivity 12.14.1. Standalone 12.14.2. Integrated 12.15. U.K Solar Microinverter Market Forecast, by Distribution Channel 12.15.1. Direct Sales 12.15.2. Indirect Sales 12.16. France Solar Microinverter Market Forecast, by Type 12.16.1. Single-Phase 12.16.2. Three-Phase 12.17. France Solar Microinverter Market Forecast, by Connectivity 12.17.1. Standalone 12.17.2. Integrated 12.18. France Solar Microinverter Market Forecast, by Distribution Channel 12.18.1. Direct Sales 12.18.2. Indirect Sales 12.19. Italy Solar Microinverter Market Forecast, by Type 12.19.1. Single-Phase 12.19.2. Three-Phase 12.20. Italy Solar Microinverter Market Forecast, by Connectivity 12.20.1. Standalone 12.20.2. Integrated 12.21. Italy Solar Microinverter Market Forecast, by Distribution Channel 12.21.1. Direct Sales 12.21.2. Indirect Sales 12.22. Spain Solar Microinverter Market Forecast, by Type 12.22.1. Single-Phase 12.22.2. Three-Phase 12.23. Spain Solar Microinverter Market Forecast, by Connectivity 12.23.1. Standalone 12.23.2. Integrated 12.24. Spain Solar Microinverter Market Forecast, by Distribution Channel 12.24.1. Direct Sales 12.24.2. Indirect Sales 12.25. Rest of Europe Solar Microinverter Market Forecast, by Type 12.25.1. Single-Phase 12.25.2. Three-Phase 12.26. Rest of Europe Solar Microinverter Market Forecast, by Connectivity 12.26.1. Standalone 12.26.2. Integrated 12.27. Rest of Europe Solar Microinverter Market Forecast, by Distribution Channel 12.27.1. Direct Sales 12.27.2. Indirect Sales 12.28. Europe Solar Microinverter Market Attractiveness Analysis 12.28.1. By Type 12.28.2. By Connectivity 12.28.3. By Distribution Channel 12.29. PEST Analysis 12.30. Key Trends 12.31. Key Developments 13. Asia Pacific Solar Microinverter Market Analysis 13.1. Key Findings 13.2. Asia Pacific Solar Microinverter Market Overview 13.3. Asia Pacific Solar Microinverter Market Value Share Analysis, by Type 13.4. Asia-Pacific Solar Microinverter Market Forecast, by Type 13.4.1. Single-Phase 13.4.2. Three-Phase 13.5. Asia-Pacific Solar Microinverter Market Forecast, by Connectivity 13.5.1. Standalone 13.5.2. Integrated 13.6. Asia-Pacific Solar Microinverter Market Forecast, by Distribution Channel 13.6.1. Direct Sales 13.6.2. Indirect Sales 13.7. Asia Pacific Solar Microinverter Market Value Share Analysis, by Country 13.8. Asia Pacific Solar Microinverter Market Forecast, by Country 13.8.1. China 13.8.2. India 13.8.3. Japan 13.8.4. ASEAN 13.8.5. Rest of Asia Pacific 13.9. Asia Pacific Solar Microinverter Market Analysis, by Country 13.10. China Solar Microinverter Market Forecast, by Type 13.10.1. Single-Phase 13.10.2. Three-Phase 13.11. China Solar Microinverter Market Forecast, by Connectivity 13.11.1. Standalone 13.11.2. Integrated 13.12. China Solar Microinverter Market Forecast, by Distribution Channel 13.12.1. Direct Sales 13.12.2. Indirect Sales 13.13. India Solar Microinverter Market Forecast, by Type 13.13.1. Single-Phase 13.13.2. Three-Phase 13.14. India Solar Microinverter Market Forecast, by Connectivity 13.14.1. Standalone 13.14.2. Integrated 13.15. India Solar Microinverter Market Forecast, by Distribution Channel 13.15.1. Direct Sales 13.15.2. Indirect Sales 13.16. Japan Solar Microinverter Market Forecast, by Type 13.16.1. Single-Phase 13.16.2. Three-Phase 13.17. Japan Solar Microinverter Market Forecast, by Connectivity 13.17.1. Standalone 13.17.2. Integrated 13.18. Japan Solar Microinverter Market Forecast, by Distribution Channel 13.18.1. Direct Sales 13.18.2. Indirect Sales 13.19. ASEAN Solar Microinverter Market Forecast, by Type 13.19.1. Single-Phase 13.19.2. Three-Phase 13.20. ASEAN Solar Microinverter Market Forecast, by Connectivity 13.20.1. Standalone 13.20.2. Integrated 13.21. ASEAN Solar Microinverter Market Forecast, by Distribution Channel 13.21.1. Direct Sales 13.21.2. Indirect Sales 13.22. Rest of Asia-Pacific Solar Microinverter Market Forecast, by Type 13.22.1. Single-Phase 13.22.2. Three-Phase 13.23. Rest of Asia-Pacific Solar Microinverter Market Forecast, by Connectivity 13.23.1. Standalone 13.23.2. Integrated 13.24. Rest of Asia-Pacific Solar Microinverter Market Forecast, by Distribution Channel 13.24.1. Direct Sales 13.24.2. Indirect Sales 13.25. Asia Pacific Solar Microinverter Market Attractiveness Analysis 13.25.1. By Type 13.25.2. By Connectivity 13.25.3. By Distribution Channel 13.26. PEST Analysis 13.27. Key Trends 13.28. Key Developments 14. Middle East & Africa Solar Microinverter Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Solar Microinverter Market Overview 14.3. Middle East & Africa Solar Microinverter Market Value Share Analysis, by Type 14.4. Middle East & Africa Solar Microinverter Market Forecast, by Type 14.4.1. Single-Phase 14.4.2. Three-Phase 14.5. Middle East & Africa Solar Microinverter Market Forecast, by Connectivity 14.5.1. Standalone 14.5.2. Integrated 14.6. Middle East & AfricaSolar Microinverter Market Forecast, by Distribution Channel 14.6.1. Direct Sales 14.6.2. Indirect Sales 14.7. Middle East & Africa Solar Microinverter Market Value Share Analysis, by Country 14.8. Middle East & Africa Solar Microinverter Market Forecast, by Country 14.8.1. GCC 14.8.2. South Africa 14.8.3. Rest of Middle East & Africa 14.9. Middle East & Africa Solar Microinverter Market Analysis, by Country 14.10. GCC Solar Microinverter Market Forecast, by Type 14.10.1. Single-Phase 14.10.2. Three-Phase 14.11. GCC Solar Microinverter Market Forecast, by Connectivity 14.11.1. Standalone 14.11.2. Integrated 14.12. GCC Solar Microinverter Market Forecast, by Distribution Channel 14.12.1. Direct Sales 14.12.2. Indirect Sales 14.13. South Africa Solar Microinverter Market Forecast, by Type 14.13.1. Single-Phase 14.13.2. Three-Phase 14.14. South Africa Solar Microinverter Market Forecast, by Connectivity 14.14.1. Standalone 14.14.2. Integrated 14.15. South Africa Solar Microinverter Market Forecast, by Distribution Channel 14.15.1. Direct Sales 14.15.2. Indirect Sales 14.16. Rest of Middle East & Africa Solar Microinverter Market Forecast, by Type 14.16.1. Single-Phase 14.16.2. Three-Phase 14.17. Rest of Middle East & Africa Solar Microinverter Market Forecast, by Connectivity 14.17.1. Standalone 14.17.2. Integrated 14.18. Rest of Middle East & Africa Solar Microinverter Market Forecast, by Distribution Channel 14.18.1. Direct Sales 14.18.2. Indirect Sales 14.19. Middle East & Africa Solar Microinverter Market Attractiveness Analysis 14.19.1. By Type 14.19.2. By Connectivity 14.19.3. By Distribution Channel 14.20. PEST Analysis 14.21. Key Trends 14.22. Key Developments 15. Latin America Solar Microinverter Market Analysis 15.1. Key Findings 15.2. Latin America Solar Microinverter Market Overview 15.3. Latin America Solar Microinverter Market Value Share Analysis, by Type 15.4. Latin America Solar Microinverter Market Forecast, by Type 15.4.1. Single-Phase 15.4.2. Three-Phase 15.5. Latin America Solar Microinverter Market Forecast, by Connectivity 15.5.1. Standalone 15.5.2. Integrated 15.6. Latin America Solar Microinverter Market Forecast, by Distribution Channel 15.6.1. Direct Sales 15.6.2. Indirect Sales 15.7. Latin America Solar Microinverter Market Value Share Analysis, by Country 15.8. Latin America Solar Microinverter Market Forecast, by Country 15.8.1. Brazil 15.8.2. Mexico 15.8.3. Rest of Latin America 15.9. Latin America Solar Microinverter Market Analysis, by Country 15.10. Brazil Solar Microinverter Market Forecast, by Type 15.10.1. Single-Phase 15.10.2. Three-Phase 15.11. Brazil Solar Microinverter Market Forecast, by Connectivity 15.11.1. Standalone 15.11.2. Integrated 15.12. Brazil Solar Microinverter Market Forecast, by Distribution Channel 15.12.1. Direct Sales 15.12.2. Indirect Sales 15.13. Mexico Solar Microinverter Market Forecast, by Type 15.13.1. Single-Phase 15.13.2. Three-Phase 15.14. Mexico Solar Microinverter Market Forecast, by Connectivity 15.14.1. Standalone 15.14.2. Integrated 15.15. Mexico Solar Microinverter Market Forecast, by Distribution Channel 15.15.1. Direct Sales 15.15.2. Indirect Sales 15.16. Rest of Latin America Solar Microinverter Market Forecast, by Type 15.16.1. Single-Phase 15.16.2. Three-Phase 15.17. Rest of Latin America Solar Microinverter Market Forecast, by Connectivity 15.17.1. Standalone 15.17.2. Integrated 15.18. Rest of Latin America Solar Microinverter Market Forecast, by Distribution Channel 15.18.1. Direct Sales 15.18.2. Indirect Sales 15.19. Latin America Solar Microinverter Market Attractiveness Analysis 15.19.1. By Type 15.19.2. By Connectivity 15.19.3. By Distribution Channel 15.20. PEST Analysis 15.21. Key Trends 15.22. Key Developments 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, Connectivity’s 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 Connectivity’s 16.2.3.2. M&A Key Players, Forward Integration and Backward Integration 16.3. Company Profiles: Key Players 16.3.1. Emerson Electric Company 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. Schneider Electric Co 16.3.3. Power-one Inc. 16.3.4. SMA Solar Type AG 16.3.5. CO New Energy 16.3.6. Huawei Technologie 16.3.7. Sungrow Power Supply 16.3.8. SMA Solar Type 16.3.9. Power Electronic 16.3.10. ABB 16.3.11. Sineng 16.3.12. Goodwe 16.3.13. Solar Edge Technologies 16.3.14. Ingeteam 16.3.15. TBEA SunoasisUbeam 16.3.16. Darfon Electronics Corp. 16.3.17. Altenergy Power System Inc. 16.3.18. Enphase Energy Inc 16.3.19. SunPower Corporation 16.3.20. Chilicon Power, LLC 16.3.21. I Energy Corporation Limited 16.3.22. NEP Microinverter Inc. 17. Primary Key Insights