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Global MicroInverter Market (2023 Edition): Analysis By Value and Volume, Product (Single-phase, Three-phase), Connectivity (On-grid, Off-grid), Power Rating, End-user, By Region, By Country: Market Insights and Forecast (2019-2029)

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    Report

  • 290 Pages
  • October 2023
  • Region: Global
  • Azoth Analytics
  • ID: 5886440
Description Jump to:
The publisher has released a research report titled “Global MicroInverter Market (2023 Edition)” which provides a complete analysis of the Global MicroInverter Market industry in terms of market segmentation by Product (Single-phase, Three-phase), Connectivity (On-grid, Off-grid), Power Rating (< 250W, 250W-500W, >500W) and End-user (Residential, Commercial, Utility). The report analyzes the market by region and by country the historical period of 2019-2022, the estimated year of 2023 and the forecast period of 2024-2029.

The research also assesses market growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market's evolution. During the forecast period, 2024-2029, the Global MicroInverter Market is expected to expand at a CAGR of 17.8%. The demand for improved performance and monitoring features in photovoltaic systems around the world, as well as rising solar PV installations, have all contributed to the market expansion of MicroInverter. The use of MLPE microinverters has also been aided by its capacity to reduce the impacts of shading, boost grid integration through sophisticated communication and monitoring systems, and optimize module-level power output.

The Global MicroInverter Market is expected to generate USD 5.72 billion by the end of 2029, up from USD 1.85 billion in 2022. The increase in solar PV installations around the world in recent years has significantly enhanced the demand for MicroInverter. This trend will probably continue as solar energy keeps playing a crucial part in the world's energy transition. With an emphasis on ecologically friendly production techniques and product design, sustainability continues to take on greater significance in the market. The global expansion of MicroInverter in the solar PV industry can be attributed to their ability to improve energy production, enhance monitoring capabilities, and provide a reliable solution for various solar applications while adapting to regional market dynamics and regulatory requirements.

Microinverters are becoming more efficient through innovations in power electronics and semiconductor technologies. Higher efficiency means less energy is lost during the DC-to-AC conversion process, resulting in higher energy yields from solar panels. This is particularly important in regions with suboptimal sunlight conditions or where space for solar installations is limited, as it maximizes the return on investment for solar projects.

Furthermore, advancements in microinverter communication and monitoring capabilities are enabling more sophisticated system control and real-time performance monitoring. This not only enhances system efficiency but also simplifies maintenance and troubleshooting. Installers and users can remotely monitor and diagnose issues, reducing downtime and minimizing maintenance costs.

Additionally, some microinverters are being designed to be compatible with energy storage solutions, allowing homeowners and businesses to harness the benefits of solar power even during grid outages or during night-time hours. As these technologies continue to evolve, they contribute significantly to the growing adoption of MicroInverter in the solar energy market, making them a promising choice for optimizing solar energy systems.

Scope of the Report

  • The report analyses the Global MicroInverter Market by Value (USD Million).
  • The report analyses the Global MicroInverter Market by Volume (Million Units).
  • The report presents the analysis of the Global MicroInverter Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
  • The report analyses the Global MicroInverter Market by Product (Single-phase, Three-phase).
  • The report analyses the MicroInverter Market by Connectivity (On-grid, Off-grid).
  • The report analyses the MicroInverter Market by Power Rating (< 250W, 250W-500W, >500W).
  • The report analyses the MicroInverter Market by End-user (Residential, Commercial, Utility).
  • The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Product, by Connectivity, by Power Rating and by End-user. Also, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.
  • The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Enphase Energy, Inc., Altenergy Power System, Inc., Hoymiles Power Electronics Inc, Generac Holdings Inc., ABB Ltd., Sensata Technologies, Inc., Darfon Solar, Tigo Energy, AEconversion GmbH & Co. KG, Sparq Systems.

Table of Contents

1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
2.1 Diversify Product Portfolio
2.2 Invest in Research and Development (R&D)
3. Global MicroInverter Market: An Analysis (2019-2029)
3.1 Impact Analysis of Macro Economic Factors on MicroInverter Market
3.2 Global MicroInverter Market: Solar Energy Landscape
3.3 Global MicroInverter Market: Per Capita Electricity Demand
3.4 Global MicroInverter Market: Solar PV Installations
3.5 Global MicroInverter Market: Solar Investment
3.6 Global MicroInverter Market: Inverter- Leadership, Shipment
3.7 Global MicroInverter Market: Dashboard
3.8 Global MicroInverter Market: Market Value Assessment, 2019-2029 (USD Million)
3.9 Global MicroInverter Market: Market Volume Assessment, 2019-2029 (Million Units)
3.10 Global MicroInverter Market: Average Selling Price Analysis of MicroInverter Globally
3.11 Impact of COVID-19 on MicroInverter Market
3.12 Global MicroInverter Market Segmentation: By Product
3.12.1 Global MicroInverter Market, By Product Overview
3.12.2 Global MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
3.12.3 Global MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
3.13 Global MicroInverter Market Segmentation: By Connectivity
3.13.1 Global MicroInverter Market, By Connectivity Overview
3.13.2 Global MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
3.13.3 Global MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
3.14 Global MicroInverter Market Segmentation: By Power Rating
3.14.1 Global MicroInverter Market, By Power Rating Overview
3.14.2 Global MicroInverter Market Size, By < 250W, By Value, 2019H-2029F (USD Million & CAGR)
3.14.3 Global MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
3.14.4 Global MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
3.15 Global MicroInverter Market Segmentation: By End-user
3.15.1 Global MicroInverter Market, By End-user Overview
3.15.2 Global MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
3.15.3 Global MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
3.15.4 Global MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
4. Global MicroInverter Market: Regional Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas MicroInverter Market(2019-2029)
5.1 Americas MicroInverter Market: Snapshot
5.2 Americas MicroInverter Market: Market Size and CAGR, By Value, 2019-2029 (USD Million & CAGR)
5.3 Americas MicroInverter Market: Market Size and CAGR, By Volume, 2019-2029 (Million Units & CAGR)
5.4 Americas MicroInverter Market: Key Factors
5.5 Americas MicroInverter Market Segmentation: By Product
5.5.1 Americas MicroInverter Market, By Product Overview
5.5.2 Americas MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
5.5.3 Americas MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
5.6 Americas MicroInverter Market Segmentation: By Connectivity
5.6.1 Americas MicroInverter Market, By Connectivity Overview
5.6.2 Americas MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
5.6.3 Americas MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
5.7 Americas MicroInverter Market Segmentation: By Power Rating
5.7.1 Americas MicroInverter Market, By Power Rating Overview
5.7.2 Americas MicroInverter Market Size, By < 250W, By Value, 2019H-2029F (USD Million & CAGR)
5.7.3 Americas MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
5.7.4 Americas MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
5.8 Americas MicroInverter Market Segmentation: By End-user
5.8.1 Americas MicroInverter Market, By End-user Overview
5.8.2 Americas MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
5.8.3 Americas MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
5.8.4 Americas MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
5.9 Americas MicroInverter Market Segmentation: By Country
5.9.1 Americas MicroInverter Market, By Country Overview
5.9.2 United States MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.9.2.1 United States MicroInverter Market, By Product
5.9.2.2 United States MicroInverter Market, By Connectivity
5.9.2.3 United States MicroInverter Market, By Power Rating
5.9.2.4 United States MicroInverter Market, By End-user
5.9.3 Canada MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.9.3.1 Canada MicroInverter Market, By Product
5.9.3.2 Canada MicroInverter Market, By Connectivity
5.9.3.3 Canada MicroInverter Market, By Power Rating
5.9.3.4 Canada MicroInverter Market, By End-user
5.9.4 Brazil MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.9.4.1 Brazil MicroInverter Market, By Product
5.9.4.2 Brazil MicroInverter Market, By Connectivity
5.9.4.3 Brazil MicroInverter Market, By Power Rating
5.9.4.4 Brazil MicroInverter Market, By End-user
5.9.5 Rest of Americas MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.9.5.1 Rest of Americas MicroInverter Market, By Product
5.9.5.2 Rest of Americas MicroInverter Market, By Connectivity
5.9.5.3 Rest of Americas MicroInverter Market, By Power Rating
5.9.5.4 Rest of Americas MicroInverter Market, By End-user
6. Europe MicroInverter Market: An Analysis (2019-2029)
6.1 Europe MicroInverter Market: Snapshot
6.2 Europe MicroInverter Market: Market Size and CAGR, By Value, 2019-2029 (USD Million & CAGR)
6.3 Europe MicroInverter Market: Market Size and CAGR, By Volume, 2019-2029 (Million Units & CAGR)
6.4 Europe MicroInverter Market: Key Factors
6.5 Europe MicroInverter Market Segmentation: By Product
6.5.1 Europe MicroInverter Market, By Product Overview
6.5.2 Europe MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
6.5.3 Europe MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
6.6 Europe MicroInverter Market Segmentation: By Connectivity
6.6.1 Europe MicroInverter Market, By Connectivity Overview
6.6.2 Europe MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
6.6.3 Europe MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
6.7 Europe MicroInverter Market Segmentation: By Power Rating
6.7.1 Europe MicroInverter Market, By Power Rating Overview
6.7.2 Europe MicroInverter Market Size, By < 250W, By Value, 2019H-2029F (USD Million & CAGR)
6.7.3 Europe MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
6.7.4 Europe MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
6.8 Europe MicroInverter Market Segmentation: By End-user
6.8.1 Europe MicroInverter Market, By End-user Overview
6.8.2 Europe MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
6.8.3 Europe MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
6.8.4 Europe MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
6.9 Europe MicroInverter Market Segmentation: By Country
6.9.1 Europe MicroInverter Market, By Country Overview
6.9.2 Germany MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.9.2.1 Germany MicroInverter Market, By Product
6.9.2.2 Germany MicroInverter Market, By Connectivity
6.9.2.3 Germany MicroInverter Market, By Power Rating
6.9.2.4 Germany MicroInverter Market, By End-user
6.9.3 United Kingdom MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.9.3.1 United Kingdom MicroInverter Market, By Product
6.9.3.2 United Kingdom MicroInverter Market, By Connectivity
6.9.3.3 United Kingdom MicroInverter Market, By Power Rating
6.9.3.4 United Kingdom MicroInverter Market, By End-user
6.9.4 Italy MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.9.4.1 Italy MicroInverter Market, By Product
6.9.4.2 Italy MicroInverter Market, By Connectivity
6.9.4.3 Italy MicroInverter Market, By Power Rating
6.9.4.4 Italy MicroInverter Market, By End-user
6.9.5 Rest of Europe MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.9.5.1 Rest of Europe MicroInverter Market, By Product
6.9.5.2 Rest of Europe MicroInverter Market, By Connectivity
6.9.5.3 Rest of Europe MicroInverter Market, By Power Rating
6.9.5.4 Rest of Europe MicroInverter Market, By End-user
7. Asia Pacific MicroInverter Market: An Analysis (2019-2029)
7.1 Asia Pacific MicroInverter Market: Snapshot
7.2 Asia Pacific MicroInverter Market: Market Size and CAGR, By Value, 2019-2029 (USD Million & CAGR)
7.3 Asia Pacific MicroInverter Market: Market Size and CAGR, By Volume, 2019-2029 (Million Units & CAGR)
7.4 Asia Pacific MicroInverter Market: Key Factors
7.5 Asia Pacific MicroInverter Market Segmentation: By Product
7.5.1 Asia Pacific MicroInverter Market, By Product Overview
7.5.2 Asia Pacific MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
7.5.3 Asia Pacific MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
7.6 Asia Pacific MicroInverter Market Segmentation: By Connectivity
7.6.1 Asia Pacific MicroInverter Market, By Connectivity Overview
7.6.2 Asia Pacific MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
7.6.3 Asia Pacific MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
7.7 Asia Pacific MicroInverter Market Segmentation: By Power Rating
7.7.1 Asia Pacific MicroInverter Market, By Power Rating Overview
7.7.2 Asia Pacific MicroInverter Market Size, By < 250W, By Value, 2019H-2029F (USD Million & CAGR)
7.7.3 Asia Pacific MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
7.7.4 Asia Pacific MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
7.8 Asia Pacific MicroInverter Market Segmentation: By End-user
7.8.1 Asia Pacific MicroInverter Market, By End-user Overview
7.8.2 Asia Pacific MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
7.8.3 Asia Pacific MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
7.8.4 Asia Pacific MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
7.9 Asia Pacific MicroInverter Market Segmentation: By Country
7.9.1 Asia Pacific MicroInverter Market, By Country Overview
7.9.2 China MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.2.1 China MicroInverter Market, By Product
7.9.2.2 China MicroInverter Market, By Connectivity
7.9.2.3 China MicroInverter Market, By Power Rating
7.9.2.4 China MicroInverter Market, By End-user
7.9.3 Japan MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.3.1 Japan MicroInverter Market, By Product
7.9.3.2 Japan MicroInverter Market, By Connectivity
7.9.3.3 Japan MicroInverter Market, By Power Rating
7.9.3.4 Japan MicroInverter Market, By End-user
7.9.4 South Korea MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.4.1 South Korea MicroInverter Market, By Product
7.9.4.2 South Korea MicroInverter Market, By Connectivity
7.9.4.3 South Korea MicroInverter Market, By Power Rating
7.9.4.4 South Korea MicroInverter Market, By End-user
7.9.5 India MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.5.1 India MicroInverter Market, By Product
7.9.5.2 India MicroInverter Market, By Connectivity
7.9.5.3 India MicroInverter Market, By Power Rating
7.9.5.4 India MicroInverter Market, By End-user
7.9.6 Rest of Asia Pacific MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.6.1 Rest of Asia Pacific MicroInverter Market, By Product
7.9.6.2 Rest of Asia Pacific MicroInverter Market, By Connectivity
7.9.6.3 Rest of Asia Pacific MicroInverter Market, By Power Rating
7.9.6.4 Rest of Asia Pacific MicroInverter Market, By End-user
8. Middle East & Africa MicroInverter Market: An Analysis (2019-2029)
8.1 Middle East & Africa MicroInverter Market: Snapshot
8.2 Middle East & Africa MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
8.3 Middle East & Africa MicroInverter Market: Market Size and CAGR, By Volume, 2019-2029 (Million Units & CAGR)
8.4 Middle East & Africa MicroInverter Market: Key Factors
8.5 Middle East & Africa MicroInverter Market Segmentation: By Product
8.5.1 Middle East & Africa MicroInverter Market, By Product Overview
8.5.2 Middle East & Africa MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
8.5.3 Middle East & Africa MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
8.6 Middle East & Africa MicroInverter Market Segmentation: By Connectivity
8.6.1 Middle East & Africa MicroInverter Market, By Connectivity Overview
8.6.2 Middle East & Africa MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
8.6.3 Middle East & Africa MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
8.7 Middle East & Africa MicroInverter Market Segmentation: By Power Rating
8.7.1 Middle East & Africa MicroInverter Market, By Power Rating Overview
8.7.2 Middle East & Africa MicroInverter Market Size, By < 250W, By Value, 2019H-2029F (USD Million & CAGR)
8.7.3 Middle East & Africa MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
8.7.4 Middle East & Africa MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
8.8 Middle East & Africa MicroInverter Market Segmentation: By End-user
8.8.1 Middle East & Africa MicroInverter Market, By End-user Overview
8.8.2 Middle East & Africa MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
8.8.3 Middle East & Africa MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
8.8.4 Middle East & Africa MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
9. Market Dynamics
9.1 Impact assessment of Market Dynamics on Global MicroInverter Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Value Chain Analysis
10.2 Porter’s Five Forces Model
11. Competitive Positioning
11.1 Companies’ Product Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of MicroInverter Market
11.4 Company Profiles
11.4.1 Enphase Energy, Inc.
11.4.2 Altenergy Power System, Inc.
11.4.3 Hoymiles Power Electronics Inc
11.4.4 Generac Holdings Inc.
11.4.5 ABB Ltd.
11.4.6 Sensata Technologies, Inc.
11.4.7 Darfon Solar
11.4.8 Tigo Energy
11.4.9 AEconversion GmbH & Co. KG
11.4.10 Sparq Systems
12. About the Publisher & Disclaimer
List of Figures
Figure 1: Installed Electricity Capacity, New Energy Outlook, 2020
Figure 2: Global PV Inverter Shipments (GW)
Figure 3: Global Solar PV Capacity in GW, (2019-2022)
Figure 4: Energy Storage Inverter Installations (GW)
Figure 5: Solar PV Share in Total Generation, by countries, 2030 and 2050
Figure 6: PV Penetration, Installed Capacity, by country, 2020
Figure 7: Capita Electricity Demand (MWh) in 2022 - ISA Member Countries
Figure 8: Per Capita Electricity Demand in MWh, Europe and others, 2019-2022
Figure 9: Per Capita Electricity Demand in MWh, Asia Pacific, 2019-2022
Figure 10: Per Capita Electricity Demand in MWh, Latin America and Caribbean, 2019-2022
Figure 11: Per Capita Electricity Demand in MWh, Africa, 2019-2022
Figure 12: Top 5 ISA Member Countries by Solar Installation, Europe and others, 2022 (Total: 243 GW)
Figure 13: Top 5 ISA Member Countries by Solar Installation, Latin America and Caribbean, 2022 (Total: 33 GW)
Figure 14: Top 5 ISA Member Countries by Solar Installation, Asia Pacific, 2022 (Total: 172 GW)
Figure 15: Top 5 ISA Member Countries by Solar PV Installation, Africa, 2022 (Total: 2,949 MW)
Figure 16: Solar PV Installations (GW), 2018-2050
Figure 17: Solar PV Installed Capacities (GW), by region, 2018-2050
Figure 18: Investments in Solar Project Development, Global (in USD Billion)
Figure 19: Country-level Investments in Solar Project Development, 2021 (in USD Billion)
Figure 20: Investments in solar by Top Five Commercial Banks (in USD Billion)
Figure 21: Solar PV Inverters: Infrastructure
Figure 22: Microinverter Shipments, Estimation, (MWac)
Figure 23: Global MicroInverter Market Size, By Value, 2019-2022 (USD Million)
Figure 24: Global MicroInverter Market Size, By Value, 2023-2029 (USD Million)
Figure 25: Global MicroInverter Market CAGR (%), By Value, 2019-2022, 2024-2029
Figure 26: Global MicroInverter Market Size, By Volume, 2019-2022 (Million Units)
Figure 27: Global MicroInverter Market Size, By Volume, 2023-2029 (Million Units)
Figure 28: Global MicroInverter Market CAGR (%), By Volume, 2019-2022, 2024-2029
Figure 29: Average MicroInverter Price, By Region, 2022 (USD/Unit)
Figure 30: Global MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 31: Global MicroInverter Market Absolute Opportunity, By Single-phase, 2019-2029 (USD Million)
Figure 32: Global MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 33: Global MicroInverter Market Absolute Opportunity, By Three-phase, 2019-2029 (USD Million)
Figure 34: Global MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 35: Global MicroInverter Market Absolute Opportunity, By On-grid, 2019-2029 (USD Million)
Figure 36: Global MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 37: Global MicroInverter Market Absolute Opportunity, By Off-grid, 2019-2029 (USD Million)
Figure 38: Global MicroInverter Market Size, By < 250W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 39: Global MicroInverter Market Absolute Opportunity, By < 250W, 2019-2029 (USD Million)
Figure 40: Global MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 41: Global MicroInverter Market Absolute Opportunity, By 250W-500W, 2019-2029 (USD Million)
Figure 42: Global MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 43: Global MicroInverter Market Absolute Opportunity, By >500W, 2019-2029 (USD Million)
Figure 44: Global MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
Figure 45: Global MicroInverter Market Absolute Opportunity, By Residential, 2019-2029 (USD Million)
Figure 46: Global MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
Figure 47: Global MicroInverter Market Absolute Opportunity, By Commercial, 2019-2029 (USD Million)
Figure 48: Global MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
Figure 49: Global MicroInverter Market Absolute Opportunity, By Utility, 2019-2029 (USD Million)
Figure 50: Americas MicroInverter Market Size, By Value, 2019H-2029F (USD Million)
Figure 51: Americas MicroInverter Market Size, By Value, 2023-2029 (USD Million)
Figure 52: Americas MicroInverter Market Size, By Volume, 2019-2022 (Million Units)
Figure 53: Americas MicroInverter Market Size, By Volume, 2023-2029 (Million Units)
Figure 54: Americas MicroInverter Market, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 55: Americas MicroInverter Market, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 56: Americas MicroInverter Market, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 57: Americas MicroInverter Market, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 58: Americas MicroInverter Market, By < 250W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 59: Americas MicroInverter Market, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 60: Americas MicroInverter Market, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 61: Americas MicroInverter Market, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
Figure 62: Americas MicroInverter Market, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
Figure 63: Americas MicroInverter Market, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
Figure 64: United States MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 65: United States MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 66: United States MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 67: United States MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 68: United States MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 69: United States MicroInverter Market Share, By End-user, 2022 (%)
Figure 70: Canada MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 71: Canada MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 72: Canada MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 73: Canada MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 74: Canada MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 75: Canada MicroInverter Market Share, By End-user, 2022 (%)
Figure 76: Brazil MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 77: Brazil MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 78: Brazil MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 79: Brazil MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 80: Brazil MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 81: Brazil MicroInverter Market Share, By End-user, 2022 (%)
Figure 82: Rest of Americas MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 83: Rest of Americas MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 84: Rest of Americas MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 85: Rest of Americas MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 86: Rest of Americas MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 87: Rest of Americas MicroInverter Market Share, By End-user, 2022 (%)
Figure 88: Europe MicroInverter Market Size, By Value, 2019H-2029F (USD Million)
Figure 89: Europe MicroInverter Market Size, By Value, 2023-2029 (USD Million)
Figure 90: Europe MicroInverter Market Size, By Volume, 2019-2022 (Million Units)
Figure 91: Europe MicroInverter Market Size, By Volume, 2023-2029 (Million Units)
Figure 92: Europe MicroInverter Market, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 93: Europe MicroInverter Market, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 94: Europe MicroInverter Market, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 95: Europe MicroInverter Market, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 96: Europe MicroInverter Market, By < 250W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 97: Europe MicroInverter Market, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 98: Europe MicroInverter Market, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 99: Europe MicroInverter Market, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
Figure 100: Europe MicroInverter Market, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
Figure 101: Europe MicroInverter Market, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
Figure 102: Germany MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 103: Germany MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 104: Germany MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 105: Germany MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 106: Germany MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 107: Germany MicroInverter Market Share, By End-user, 2022 (%)
Figure 108: United Kingdom MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 109: United Kingdom MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 110: United Kingdom MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 111: United Kingdom MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 112: United Kingdom MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 113: United Kingdom MicroInverter Market Share, By End-user, 2022 (%)
Figure 114: Italy MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 115: Italy MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 116: Italy MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 117: Italy MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 118: Italy MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 119: Italy MicroInverter Market Share, By End-user, 2022 (%)
Figure 120: Rest of Europe MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 121: Rest of Europe MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 122: Rest of Europe MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 123: Rest of Europe MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 124: Rest of Europe MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 125: Rest of Europe MicroInverter Market Share, By End-user, 2022 (%)
Figure 126: Asia Pacific MicroInverter Market Size, By Value, 2019H-2029F (USD Million)
Figure 127: Asia Pacific MicroInverter Market Size, By Value, 2023-2029 (USD Million)
Figure 128: Asia Pacific MicroInverter Market Size, By Volume, 2019-2022 (Million Units)
Figure 129: Asia Pacific MicroInverter Market Size, By Volume, 2023-2029 (Million Units)
Figure 130: Asia Pacific MicroInverter Market, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 131: Asia Pacific MicroInverter Market, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 132: Asia Pacific MicroInverter Market, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 133: Asia Pacific MicroInverter Market, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 134: Asia Pacific MicroInverter Market, By < 250W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 135: Asia Pacific MicroInverter Market, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 136: Asia Pacific MicroInverter Market, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 137: Asia Pacific MicroInverter Market, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
Figure 138: Asia Pacific MicroInverter Market, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
Figure 139: Asia Pacific MicroInverter Market, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
Figure 140: China MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: Global Market Leadership, PV Inverter, 2019 & 2020

Table Information

Report AttributeDetails
No. of Pages290
PublishedOctober 2023
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 2.52 Billion
Forecasted Market Value ( USD ) by 2029 $ 5.72 Billion
Compound Annual Growth Rate17.8%
Regions CoveredGlobal

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About the Market

The Solar Microinverter market is a segment of the solar power industry that focuses on the production of small, low-cost inverters. These inverters are used to convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity, which is then used to power homes and businesses. Solar microinverters are typically installed on individual solar panels, allowing each panel to operate independently and maximize energy production. This type of inverter is becoming increasingly popular due to its cost-effectiveness and ease of installation. Solar microinverters are becoming an increasingly important part of the solar power industry, as they allow for greater flexibility and control over energy production. This technology is also becoming more efficient, allowing for higher energy yields and lower costs. Some of the companies in the Solar Microinverter market include Enphase Energy, SolarEdge Technologies, SMA Solar Technology, and ABB. Show Less Read more

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