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 grow at a 14.8% CAGR to 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. This segment currently accounts for a 8.5% share of the global PV Micro Inverters market.
The U. S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 14.1% CAGR for the Period of 2020-2027
The PV Micro Inverters market in the U. S. is estimated at US$187.6 Million in the year 2020. The country currently accounts for a 29.56% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$287.4 Million in the year 2027 trailing a CAGR of 14.1% through 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 while Rest of European market (as defined in the study) will reach US$287.4 Million by the year 2027.The publisher brings years of research experience to this 6th edition of our report. The 151-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- ABB Group
- Darfon Electronics Corporation
- Enphase Energy, Inc.
- General Electric Company
- Shenzhen Kstar Science&Technology Co., Ltd.
- SMA Solar Technology AG
- Sungrow Power Supply Co., Ltd.
- SunPower Corporation
- TBEA SunOasis Co., Ltd.
- TMEIC Corporation
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
PV Micro Inverters Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: PV Micro Inverters Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: PV Micro Inverters Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Standalone Systems (System) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 4: Standalone Systems (System) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Integrated Systems (System) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 6: Integrated Systems (System) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Residential (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 8: Residential (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 9: Commercial (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 10: Commercial (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
TABLE 11: Utility (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 12: Utility (End-Use) Distribution of Global Sales by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US PV Micro Inverters Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 13: United States PV Micro Inverters Market Estimates and Projections in US$ Thousand by System: 2020 to 2027
TABLE 14: United States PV Micro Inverters Market Share Breakdown by System: 2020 VS 2027
TABLE 15: United States PV Micro Inverters Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
TABLE 16: PV Micro Inverters Market Share Breakdown in the United States by End-Use: 2020 VS 2027
CANADA
TABLE 17: Canadian PV Micro Inverters Market Estimates and Forecasts in US$ Thousand by System: 2020 to 2027
TABLE 18: PV Micro Inverters Market in Canada: Percentage Share Breakdown of Sales by System for 2020 and 2027
TABLE 19: Canadian PV Micro Inverters Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 20: Canadian PV Micro Inverters Market Share Analysis by End-Use: 2020 VS 2027
JAPAN
TABLE 21: Japanese Market for PV Micro Inverters: Annual Sales Estimates and Projections in US$ Thousand by System for the Period 2020-2027
TABLE 22: Japanese PV Micro Inverters Market Share Analysis by System: 2020 VS 2027
TABLE 23: Japanese Demand Estimates and Forecasts for PV Micro Inverters in US$ Thousand by End-Use: 2020 to 2027
TABLE 24: PV Micro Inverters Market Share Shift in Japan by End-Use: 2020 VS 2027
CHINA
TABLE 25: Chinese PV Micro Inverters Market Growth Prospects in US$ Thousand by System for the Period 2020-2027
TABLE 26: Chinese PV Micro Inverters Market by System: Percentage Breakdown of Sales for 2020 and 2027
TABLE 27: Chinese Demand for PV Micro Inverters in US$ Thousand by End-Use: 2020 to 2027
TABLE 28: Chinese PV Micro Inverters Market Share Breakdown by End-Use: 2020 VS 2027
EUROPE
Market Facts & Figures
European PV Micro Inverters Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 29: European PV Micro Inverters Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 30: European PV Micro Inverters Market Share Shift by Region/Country: 2020 VS 2027
TABLE 31: European PV Micro Inverters Market Estimates and Forecasts in US$ Thousand by System: 2020-2027
TABLE 32: European PV Micro Inverters Market Share Breakdown by System: 2020 VS 2027
TABLE 33: European PV Micro Inverters Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 34: European PV Micro Inverters Market Share Analysis by End-Use: 2020 VS 2027
FRANCE
TABLE 35: PV Micro Inverters Market in France by System: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 36: French PV Micro Inverters Market Share Analysis by System: 2020 VS 2027
TABLE 37: PV Micro Inverters Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027
TABLE 38: French PV Micro Inverters Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
GERMANY
TABLE 39: PV Micro Inverters Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by System for the Period 2020-2027
TABLE 40: German PV Micro Inverters Market Share Breakdown by System: 2020 VS 2027
TABLE 41: PV Micro Inverters Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
TABLE 42: PV Micro Inverters Market Share Distribution in Germany by End-Use: 2020 VS 2027
ITALY
TABLE 43: Italian PV Micro Inverters Market Growth Prospects in US$ Thousand by System for the Period 2020-2027
TABLE 44: Italian PV Micro Inverters Market by System: Percentage Breakdown of Sales for 2020 and 2027
TABLE 45: Italian Demand for PV Micro Inverters in US$ Thousand by End-Use: 2020 to 2027
TABLE 46: Italian PV Micro Inverters Market Share Breakdown by End-Use: 2020 VS 2027
UNITED KINGDOM
TABLE 47: United Kingdom Market for PV Micro Inverters: Annual Sales Estimates and Projections in US$ Thousand by System for the Period 2020-2027
TABLE 48: United Kingdom PV Micro Inverters Market Share Analysis by System: 2020 VS 2027
TABLE 49: United Kingdom Demand Estimates and Forecasts for PV Micro Inverters in US$ Thousand by End-Use: 2020 to 2027
TABLE 50: PV Micro Inverters Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027
REST OF EUROPE
TABLE 51: Rest of Europe PV Micro Inverters Market Estimates and Forecasts in US$ Thousand by System: 2020-2027
TABLE 52: Rest of Europe PV Micro Inverters Market Share Breakdown by System: 2020 VS 2027
TABLE 53: Rest of Europe PV Micro Inverters Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 54: Rest of Europe PV Micro Inverters Market Share Analysis by End-Use: 2020 VS 2027
ASIA-PACIFIC
TABLE 55: PV Micro Inverters Market in Asia-Pacific by System: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 56: Asia-Pacific PV Micro Inverters Market Share Analysis by System: 2020 VS 2027
TABLE 57: PV Micro Inverters Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027
TABLE 58: Asia-Pacific PV Micro Inverters Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
REST OF WORLD
TABLE 59: Rest of World PV Micro Inverters Market Estimates and Forecasts in US$ Thousand by System: 2020 to 2027
TABLE 60: PV Micro Inverters Market in Rest of World: Percentage Share Breakdown of Sales by System for 2020 and 2027
TABLE 61: Rest of World PV Micro Inverters Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 62: Rest of World PV Micro Inverters Market Share Analysis by End-Use: 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 53
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