PV Micro Inverters - Global Market Trajectory & Analytics

Global PV Micro Inverters Market to Reach $1.7 Billion by 2027

Amid the COVID-19 crisis, the global market for PV Micro Inverters estimated at US$634.6 Million in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2027, growing at a CAGR of 14.7% over the period 2020-2027. Standalone Systems, one of the segments analyzed in the report, is projected to record 14.8% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Integrated Systems segment is readjusted to a revised 13.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $187.6 Million, While China is Forecast to Grow at 14.1% CAGR

The PV Micro Inverters market in the U.S. is estimated at US$187.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$287.4 Million by the year 2027 trailing a CAGR of 14.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.

Select Competitors (Total 53 Featured):

• ABB Group
• Darfon Electronics Corporation
• Enphase Energy, Inc.
• General Electric Company
• Shenzhen Kstar Science&Technology Co., Ltd.
• SMA Solar Technology AG
• Sungrow Power Supply Co., Ltd.
• SunPower Corporation
• TBEA SunOasis Co., Ltd.
• TMEIC Corporation

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.