The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Global Micro PV Inverters Market Research Report 2024
Synopsis
Micro photovoltaic inverter is a photovoltaic inverter that only works with a single solar module, converting the DC power of the solar module into AC power. Its design allows independent parallel operation of multiple micro-PV inverters in a modular fashion. The advantages of the micro photovoltaic inverter include that it can optimize the power of a single solar module, each module can operate independently, that is, the installation method is ready to use, the installation method and the improvement of fire safety, the lowest cost of system design, And the inventory can also be reduced to a minimum.
Global Micro PV Inverters market is projected to reach US$ 6864.1 million in 2029, increasing from US$ 2523 million in 2022, with the CAGR of 16.3% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Micro PV Inverters market research.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.76 GW.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Micro PV Inverters market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Enphase Energy
SMA Solar Technology
SolarEdge Technologies
NEP
SolarBridge
Sparq Systems
Fimer SpA
Chilicon Power
Apsystems
Renesola
Leadsolar
Hoymiles
Deye
Yuneng Technology
Segment by Type
Low Frequency Inverter
High Frequency Inverter
Segment by Application
DC Voltage Source
Grid Connection
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Micro PV Inverters report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Micro photovoltaic inverter is a photovoltaic inverter that only works with a single solar module, converting the DC power of the solar module into AC power. Its design allows independent parallel operation of multiple micro-PV inverters in a modular fashion. The advantages of the micro photovoltaic inverter include that it can optimize the power of a single solar module, each module can operate independently, that is, the installation method is ready to use, the installation method and the improvement of fire safety, the lowest cost of system design, And the inventory can also be reduced to a minimum.
Global Micro PV Inverters market is projected to reach US$ 6864.1 million in 2029, increasing from US$ 2523 million in 2022, with the CAGR of 16.3% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Micro PV Inverters market research.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.76 GW.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Micro PV Inverters market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Enphase Energy
SMA Solar Technology
SolarEdge Technologies
NEP
SolarBridge
Sparq Systems
Fimer SpA
Chilicon Power
Apsystems
Renesola
Leadsolar
Hoymiles
Deye
Yuneng Technology
Segment by Type
Low Frequency Inverter
High Frequency Inverter
Segment by Application
DC Voltage Source
Grid Connection
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Micro PV Inverters report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Micro PV Inverters Market Overview
1.1 Product Definition
1.2 Micro PV Inverters Segment by Type
1.2.1 Global Micro PV Inverters Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Low Frequency Inverter
1.2.3 High Frequency Inverter
1.3 Micro PV Inverters Segment by Application
1.3.1 Global Micro PV Inverters Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 DC Voltage Source
1.3.3 Grid Connection
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Micro PV Inverters Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Micro PV Inverters Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Micro PV Inverters Production Estimates and Forecasts (2018-2029)
1.4.4 Global Micro PV Inverters Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Micro PV Inverters Production Market Share by Manufacturers (2018-2023)
2.2 Global Micro PV Inverters Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Micro PV Inverters, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Micro PV Inverters Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Micro PV Inverters Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Micro PV Inverters, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Micro PV Inverters, Product Offered and Application
2.8 Global Key Manufacturers of Micro PV Inverters, Date of Enter into This Industry
2.9 Micro PV Inverters Market Competitive Situation and Trends
2.9.1 Micro PV Inverters Market Concentration Rate
2.9.2 Global 5 and 10 Largest Micro PV Inverters Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Micro PV Inverters Production by Region
3.1 Global Micro PV Inverters Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Micro PV Inverters Production Value by Region (2018-2029)
3.2.1 Global Micro PV Inverters Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Micro PV Inverters by Region (2024-2029)
3.3 Global Micro PV Inverters Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Micro PV Inverters Production by Region (2018-2029)
3.4.1 Global Micro PV Inverters Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Micro PV Inverters by Region (2024-2029)
3.5 Global Micro PV Inverters Market Price Analysis by Region (2018-2023)
3.6 Global Micro PV Inverters Production and Value, Year-over-Year Growth
3.6.1 North America Micro PV Inverters Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Micro PV Inverters Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Micro PV Inverters Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Micro PV Inverters Production Value Estimates and Forecasts (2018-2029)
4 Micro PV Inverters Consumption by Region
4.1 Global Micro PV Inverters Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Micro PV Inverters Consumption by Region (2018-2029)
4.2.1 Global Micro PV Inverters Consumption by Region (2018-2023)
4.2.2 Global Micro PV Inverters Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Micro PV Inverters Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Micro PV Inverters Consumption by Country (2018-2029)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Micro PV Inverters Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Micro PV Inverters Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Micro PV Inverters Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Micro PV Inverters Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Micro PV Inverters Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Micro PV Inverters Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Micro PV Inverters Production by Type (2018-2029)
5.1.1 Global Micro PV Inverters Production by Type (2018-2023)
5.1.2 Global Micro PV Inverters Production by Type (2024-2029)
5.1.3 Global Micro PV Inverters Production Market Share by Type (2018-2029)
5.2 Global Micro PV Inverters Production Value by Type (2018-2029)
5.2.1 Global Micro PV Inverters Production Value by Type (2018-2023)
5.2.2 Global Micro PV Inverters Production Value by Type (2024-2029)
5.2.3 Global Micro PV Inverters Production Value Market Share by Type (2018-2029)
5.3 Global Micro PV Inverters Price by Type (2018-2029)
6 Segment by Application
6.1 Global Micro PV Inverters Production by Application (2018-2029)
6.1.1 Global Micro PV Inverters Production by Application (2018-2023)
6.1.2 Global Micro PV Inverters Production by Application (2024-2029)
6.1.3 Global Micro PV Inverters Production Market Share by Application (2018-2029)
6.2 Global Micro PV Inverters Production Value by Application (2018-2029)
6.2.1 Global Micro PV Inverters Production Value by Application (2018-2023)
6.2.2 Global Micro PV Inverters Production Value by Application (2024-2029)
6.2.3 Global Micro PV Inverters Production Value Market Share by Application (2018-2029)
6.3 Global Micro PV Inverters Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Enphase Energy
7.1.1 Enphase Energy Micro PV Inverters Corporation Information
7.1.2 Enphase Energy Micro PV Inverters Product Portfolio
7.1.3 Enphase Energy Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Enphase Energy Main Business and Markets Served
7.1.5 Enphase Energy Recent Developments/Updates
7.2 SMA Solar Technology
7.2.1 SMA Solar Technology Micro PV Inverters Corporation Information
7.2.2 SMA Solar Technology Micro PV Inverters Product Portfolio
7.2.3 SMA Solar Technology Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.2.4 SMA Solar Technology Main Business and Markets Served
7.2.5 SMA Solar Technology Recent Developments/Updates
7.3 SolarEdge Technologies
7.3.1 SolarEdge Technologies Micro PV Inverters Corporation Information
7.3.2 SolarEdge Technologies Micro PV Inverters Product Portfolio
7.3.3 SolarEdge Technologies Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.3.4 SolarEdge Technologies Main Business and Markets Served
7.3.5 SolarEdge Technologies Recent Developments/Updates
7.4 NEP
7.4.1 NEP Micro PV Inverters Corporation Information
7.4.2 NEP Micro PV Inverters Product Portfolio
7.4.3 NEP Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.4.4 NEP Main Business and Markets Served
7.4.5 NEP Recent Developments/Updates
7.5 SolarBridge
7.5.1 SolarBridge Micro PV Inverters Corporation Information
7.5.2 SolarBridge Micro PV Inverters Product Portfolio
7.5.3 SolarBridge Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.5.4 SolarBridge Main Business and Markets Served
7.5.5 SolarBridge Recent Developments/Updates
7.6 Sparq Systems
7.6.1 Sparq Systems Micro PV Inverters Corporation Information
7.6.2 Sparq Systems Micro PV Inverters Product Portfolio
7.6.3 Sparq Systems Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Sparq Systems Main Business and Markets Served
7.6.5 Sparq Systems Recent Developments/Updates
7.7 Fimer SpA
7.7.1 Fimer SpA Micro PV Inverters Corporation Information
7.7.2 Fimer SpA Micro PV Inverters Product Portfolio
7.7.3 Fimer SpA Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Fimer SpA Main Business and Markets Served
7.7.5 Fimer SpA Recent Developments/Updates
7.8 Chilicon Power
7.8.1 Chilicon Power Micro PV Inverters Corporation Information
7.8.2 Chilicon Power Micro PV Inverters Product Portfolio
7.8.3 Chilicon Power Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Chilicon Power Main Business and Markets Served
7.7.5 Chilicon Power Recent Developments/Updates
7.9 Apsystems
7.9.1 Apsystems Micro PV Inverters Corporation Information
7.9.2 Apsystems Micro PV Inverters Product Portfolio
7.9.3 Apsystems Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Apsystems Main Business and Markets Served
7.9.5 Apsystems Recent Developments/Updates
7.10 Renesola
7.10.1 Renesola Micro PV Inverters Corporation Information
7.10.2 Renesola Micro PV Inverters Product Portfolio
7.10.3 Renesola Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Renesola Main Business and Markets Served
7.10.5 Renesola Recent Developments/Updates
7.11 Leadsolar
7.11.1 Leadsolar Micro PV Inverters Corporation Information
7.11.2 Leadsolar Micro PV Inverters Product Portfolio
7.11.3 Leadsolar Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Leadsolar Main Business and Markets Served
7.11.5 Leadsolar Recent Developments/Updates
7.12 Hoymiles
7.12.1 Hoymiles Micro PV Inverters Corporation Information
7.12.2 Hoymiles Micro PV Inverters Product Portfolio
7.12.3 Hoymiles Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Hoymiles Main Business and Markets Served
7.12.5 Hoymiles Recent Developments/Updates
7.13 Deye
7.13.1 Deye Micro PV Inverters Corporation Information
7.13.2 Deye Micro PV Inverters Product Portfolio
7.13.3 Deye Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Deye Main Business and Markets Served
7.13.5 Deye Recent Developments/Updates
7.14 Yuneng Technology
7.14.1 Yuneng Technology Micro PV Inverters Corporation Information
7.14.2 Yuneng Technology Micro PV Inverters Product Portfolio
7.14.3 Yuneng Technology Micro PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Yuneng Technology Main Business and Markets Served
7.14.5 Yuneng Technology Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Micro PV Inverters Industry Chain Analysis
8.2 Micro PV Inverters Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Micro PV Inverters Production Mode & Process
8.4 Micro PV Inverters Sales and Marketing
8.4.1 Micro PV Inverters Sales Channels
8.4.2 Micro PV Inverters Distributors
8.5 Micro PV Inverters Customers
9 Micro PV Inverters Market Dynamics
9.1 Micro PV Inverters Industry Trends
9.2 Micro PV Inverters Market Drivers
9.3 Micro PV Inverters Market Challenges
9.4 Micro PV Inverters Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Energy & Power Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
