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Global Micro-Inverter Market (2021-2026) by Application Type, Offering Type, Communication Technology Type, Type, Power Rating Type, Connection Type, Sales Channel Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 187 Pages
  • December 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5544150
The Global Micro-Inverter Market is estimated to be USD 3.1 Bn in 2021 and is expected to reach USD 7.75 Bn by 2026, growing at a CAGR of 20.10%.

Market Dynamics

The Global Micro-Inverter Market increasing demand for remote monitoring and a growing number of solar rooftop installations by residential applications will fuel the market's growth. Additionally, micro-inverters have technical advantages over conventional solar inverters, i.e., it helps in converting a solar array to electricity which will also drive the market’s growth. On the other hand, reduction in electricity consumption and requirement by the end-users such as commercial and industries, and being a premium product, it incurred high cost required for installation of micro-invertors, and their regular maintenance will be restricting market’s growth.

Furthermore, the increasing number of players in the market creating pricing strategy pressure among the micro-inverter manufacturers and safety risks associated with micro-inverters at high DC voltages are significant challenges for the market. Moreover, technological advancement (IoT and AI) and product innovation help improve the capabilities of micro-inverter with penetrating potential of new solar installation, which will help boost the market. Therefore, Government initiative and support towards the adoption of solar PV installation and renewable energy sector will create opportunities for the market to grow.

Market Segmentation

  • The Global Micro-Inverter Market is segmented further based on Application Type, Offering Type, Communication Technology Type, Type, Power Rating Type, Connection Type, Sales Channel Type, and Geography.
  • By Application Type, the market is classified into Residential, Commercial, and Photovoltaic (PV) Power Plant.
  • By Offering Type, the Micro-Inverter market is classified into Hardware and Software & Services.
  • By Communication Technology Type, the Micro-Inverter market is classified into Wired and Wireless.
  • By Type, the Micro-Inverter market is classified into Single Phase and Three Phase.
  • By Power Rating Type, the Micro-Inverter market is classified into Below 250 W, Between 250-500 W, and Above 500 W.
  • By Connection Type, the Micro-Inverter market is classified into Stand-Alone and Grid-Tied.
  • By Sales Channel Type, the Micro-Inverter market is classified into Direct and Indirect.
  • By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. Enphase Energy, Inc and IBC SOLAR AG partnership for distribution and expansion of IBC SOLAR AG portfolio by adding Microinventor Systems-April 29, 2021
2. Sensata Technologies acquired Xirgo Technologies Intermediate Holdingd, LLC to focus on growth initiatives for transportation and logistics end-markets-April 1, 2021
3. ReseSola signs partnership agreement with Avenston to market and sell High Quality and High-Efficiency Solar PV Modules and explore more opportunities in Ukraine-August 10, 2020

Company Profiles

Some of the companies covered in this report are AEconversion GmbH & Co KG, Altenergy Power System, Inc, Darfon Electronics Corporation, Enphase Energy, Inc, Envertech, Generac Holdings, Inc, Northern Electric & Power, ReneSola, Sensata Technologies, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Micro-Inverter Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Micro-Inverter Market

What is the estimated value of the Global Micro-Inverter Market?

The Global Micro-Inverter Market was estimated to be valued at $3.1 Billion in 2021.

What is the growth rate of the Global Micro-Inverter Market?

The growth rate of the Global Micro-Inverter Market is 20.1%, with an estimated value of $7.75 Billion by 2026.

What is the forecasted size of the Global Micro-Inverter Market?

The Global Micro-Inverter Market is estimated to be worth $7.75 Billion by 2026.

Who are the key companies in the Global Micro-Inverter Market?

Key companies in the Global Micro-Inverter Market include ABB Ltd, AEconversion GmbH & Co KG, Alencon Systems LLC, Altenergy Power System, Inc, Bravo Solar Energy Company, Darfon Electronics Corporation, Delta Energy Systems GmbH, Enphase Energy, Inc and Envertech.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Demand for Remote Monitoring Purposes
4.1.2 Growing Solar Rooftop Installation by Residentials
4.1.3 Technical Advantage over Conventional Solar Inverters
4.2 Restraints
4.2.1 Reduction in Electricity Requirement
4.2.2 High Cost Associated with Installation and Maintenance
4.3 Opportunities
4.3.1 Technological Advancement and Innovations
4.3.2 Government Initiative to Increase Solar PV Installation & Renewable Energy Sector
4.4 Challenges
4.4.1 Pricing Strategies by Manufacturers
4.4.2 Safety Risks with High DC Voltages
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Micro-Inverter Market, By Application Type
6.1 Introduction
6.2 Residential
6.3 Commercial
6.4 Photovoltaic (PV) Power Plant
7 Global Micro-Inverter Market, By Offering Type
7.1 Introduction
7.2 Hardware
7.3 Software & Services
8 Global Micro-Inverter Market, By Communication Technology Type
8.1 Introduction
8.2 Wired
8.3 Wireless
9 Global Micro-Inverter Market, By Type
9.1 Introduction
9.2 Single Phase
9.3 Three Phase
10 Global Micro-Inverter Market, By Power Rating Type
10.1 Introduction
10.2 Below 250 W
10.3 Between 250-500 W
10.4 Above 500 W
11 Global Micro-Inverter Market, By Connection Type
11.1 Introduction
11.2 Stand-Alone
11.3 Grid-Tied
12 Global Micro-Inverter Market, By Sales Channel Type
12.1 Introduction
12.2 Direct
12.3 Indirect
13 Global Micro-Inverter Market, By Geography
13.1 Introduction
13.1 America
13.1.1 Argentina
13.1.2 Brazil
13.1.3 Canada
13.1.4 Chile
13.1.5 Colombia
13.1.6 Mexico
13.1.7 Peru
13.1.8 United States
13.1.9 Rest of Americas
13.2 Europe
13.2.1 Austria
13.2.2 Belgium
13.2.3 Denmark
13.2.4 Finland
13.2.5 France
13.2.6 Germany
13.2.7 Italy
13.2.8 Netherlands
13.2.9 Norway
13.2.10 Poland
13.2.11 Russia
13.2.12 Spain
13.2.13 Sweden
13.2.14 Switzerland
13.2.15 United Kingdom
13.2.16 Rest of Europe
13.3 Middle East and Africa
13.3.1 Egypt
13.3.2 Israel
13.3.3 Qatar
13.3.4 Saudi Arabia
13.3.5 South Africa
13.3.6 United Arab Emirates
13.3.7 Rest of MEA
13.4 Asia-Pacific
13.4.1 Australia
13.4.2 Bangladesh
13.4.3 China
13.4.4 India
13.4.5 Indonesia
13.4.6 Japan
13.4.7 Malaysia
13.4.8 Philippines
13.4.9 Singapore
13.4.10 South Korea
13.4.11 Sri Lanka
13.4.12 Thailand
13.4.13 Taiwan
13.4.14 Rest of Asia
14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 ABB Ltd
15.2 AEconversion GmbH & Co KG
15.3 Alencon Systems LLC
15.4 Altenergy Power System, Inc
15.5 Bravo Solar Energy Company
15.6 Darfon Electronics Corporation
15.7 Delta Energy Systems GmbH
15.8 Enphase Energy, Inc
15.9 EnluxSolar Co Ltd
15.10 Envertech
15.11 Generac Holdings, Inc
15.12 Grace Renewable Energy Pvt Ltd
15.13 i-Energy Corporation Ltd
15.14 Infineon Technologies AG
15.15 Involar Corporation Ltd
15.16 JinkoSolar Holding Co Ltd
15.17 Northern Electric & Power
15.18 Omnik New Energy Co Ltd
15.19 P&P Energy Technology Co Ltd
15.20 ReneSola
15.21 Samil Power Co Ltd
15.22 Saronic (EU) Power Tech GmbH
15.23 Sensata Technologies
15.24 Siemens AG
15.25 SMA Solar Technology AG
15.26 SolarEdge Technologies, Inc
15.27 Solar Panels Plus LLC
15.28 STMicroelectronics
15.29 Sungrow Deutschland GmbH
15.30 Ur-Energy, Inc
15.31 Texas Instruments, Inc Zhejiang Sandi Electric Co Ltd
15.32 TotalEnergies SE
16 Appendix
16.1 Questionnaire

Companies Mentioned

  • ABB Ltd
  • AEconversion GmbH & Co KG
  • Alencon Systems LLC
  • Altenergy Power System, Inc
  • Bravo Solar Energy Company
  • Darfon Electronics Corporation
  • Delta Energy Systems GmbH
  • Enphase Energy, Inc
  • EnluxSolar Co Ltd
  • Envertech
  • Generac Holdings, Inc
  • Grace Renewable Energy Pvt Ltd
  • i-Energy Corporation Ltd
  • Infineon Technologies AG
  • Involar Corporation Ltd
  • JinkoSolar Holding Co Ltd
  • Northern Electric & Power
  • Omnik New Energy Co Ltd
  • P&P Energy Technology Co Ltd
  • ReneSola
  • Samil Power Co Ltd
  • Saronic (EU) Power Tech GmbH
  • Sensata Technologies
  • Siemens AG
  • SMA Solar Technology AG
  • SolarEdge Technologies, Inc
  • Solar Panels Plus LLC
  • STMicroelectronics
  • Sungrow Deutschland GmbH
  • Ur-Energy, Inc
  • Texas Instruments, Inc Zhejiang Sandi Electric Co Ltd
  • TotalEnergies SE