PV Micro Inverters: Global Strategic Business Report

Global PV Micro Inverters Market to Reach $3 Billion by 2030

The global market for PV Micro Inverters estimated at US$967.2 Million in the year 2022, is projected to reach a revised size of US$3 Billion by 2030, growing at a CAGR of 15.1% over the analysis period 2022-2030. Standalone Systems, one of the segments analyzed in the report, is projected to record 15.2% CAGR and reach US$2.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Integrated Systems segment is readjusted to a revised 13.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $286.8 Million, While China is Forecast to Grow at 14.1% CAGR

The PV Micro Inverters market in the U.S. is estimated at US$286.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$497.4 Million by the year 2030 trailing a CAGR of 14.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.7% and 12.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.

Select Competitors (Total 53 Featured) -

• ABB Ltd.
• Darfon Electronics Corporation
• Enphase Energy, Inc.
• Shenzhen KSTAR Science and Technology Co., Ltd.
• Sungrow Power Supply Co., Ltd.
• SunPower Corporation
• TMEIC Corporation

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and the publisher's Research Platform
• Complimentary updates for one year