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Global Photovoltaics Microinverters Market Research Report 2024
Synopsis
A microinverter is a plug-and-play device used in photovoltaics, that converts direct current (DC) generated by a single solar module to alternating current (AC). Microinverters contrast with conventional string and central solar inverters, in which a single inverter is connected to multiple solar panels. The output from several microinverters can be combined and often fed to the electrical grid.
The global Photovoltaics Microinverters market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.80 GW.
This report aims to provide a comprehensive presentation of the global market for Photovoltaics Microinverters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Photovoltaics Microinverters.
Report Scope
The Photovoltaics Microinverters market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Photovoltaics Microinverters market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Photovoltaics Microinverters manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Enphase Energy
SolarEdge Technologies
SMA
SunPower
Power-One
Sungrow
AP System
Samil Power
Segment by Type
Grid-Connected PV Microinverter
Grid-Off PV Microinverter
Segment by Application
Residential
Commercial
Other
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
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Photovoltaics Microinverters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Photovoltaics Microinverters by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Photovoltaics Microinverters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
A microinverter is a plug-and-play device used in photovoltaics, that converts direct current (DC) generated by a single solar module to alternating current (AC). Microinverters contrast with conventional string and central solar inverters, in which a single inverter is connected to multiple solar panels. The output from several microinverters can be combined and often fed to the electrical grid.
The global Photovoltaics Microinverters market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.80 GW.
This report aims to provide a comprehensive presentation of the global market for Photovoltaics Microinverters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Photovoltaics Microinverters.
Report Scope
The Photovoltaics Microinverters market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Photovoltaics Microinverters market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Photovoltaics Microinverters manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Enphase Energy
SolarEdge Technologies
SMA
SunPower
Power-One
Sungrow
AP System
Samil Power
Segment by Type
Grid-Connected PV Microinverter
Grid-Off PV Microinverter
Segment by Application
Residential
Commercial
Other
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
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Photovoltaics Microinverters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Photovoltaics Microinverters by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Photovoltaics Microinverters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Photovoltaics Microinverters Market Overview
1.1 Product Definition
1.2 Photovoltaics Microinverters Segment by Type
1.2.1 Global Photovoltaics Microinverters Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Grid-Connected PV Microinverter
1.2.3 Grid-Off PV Microinverter
1.3 Photovoltaics Microinverters Segment by Application
1.3.1 Global Photovoltaics Microinverters Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential
1.3.3 Commercial
1.3.4 Other
1.4 Global Market Growth Prospects
1.4.1 Global Photovoltaics Microinverters Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Photovoltaics Microinverters Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Photovoltaics Microinverters Production Estimates and Forecasts (2019-2030)
1.4.4 Global Photovoltaics Microinverters Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Photovoltaics Microinverters Production Market Share by Manufacturers (2019-2024)
2.2 Global Photovoltaics Microinverters Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Photovoltaics Microinverters, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Photovoltaics Microinverters Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Photovoltaics Microinverters Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Photovoltaics Microinverters, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Photovoltaics Microinverters, Product Offered and Application
2.8 Global Key Manufacturers of Photovoltaics Microinverters, Date of Enter into This Industry
2.9 Photovoltaics Microinverters Market Competitive Situation and Trends
2.9.1 Photovoltaics Microinverters Market Concentration Rate
2.9.2 Global 5 and 10 Largest Photovoltaics Microinverters Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Photovoltaics Microinverters Production by Region
3.1 Global Photovoltaics Microinverters Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Photovoltaics Microinverters Production Value by Region (2019-2030)
3.2.1 Global Photovoltaics Microinverters Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Photovoltaics Microinverters by Region (2025-2030)
3.3 Global Photovoltaics Microinverters Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Photovoltaics Microinverters Production by Region (2019-2030)
3.4.1 Global Photovoltaics Microinverters Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Photovoltaics Microinverters by Region (2025-2030)
3.5 Global Photovoltaics Microinverters Market Price Analysis by Region (2019-2024)
3.6 Global Photovoltaics Microinverters Production and Value, Year-over-Year Growth
3.6.1 North America Photovoltaics Microinverters Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Photovoltaics Microinverters Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Photovoltaics Microinverters Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Photovoltaics Microinverters Production Value Estimates and Forecasts (2019-2030)
4 Photovoltaics Microinverters Consumption by Region
4.1 Global Photovoltaics Microinverters Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Photovoltaics Microinverters Consumption by Region (2019-2030)
4.2.1 Global Photovoltaics Microinverters Consumption by Region (2019-2024)
4.2.2 Global Photovoltaics Microinverters Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Photovoltaics Microinverters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Photovoltaics Microinverters Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Photovoltaics Microinverters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Photovoltaics Microinverters Consumption by Country (2019-2030)
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 Photovoltaics Microinverters Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Photovoltaics Microinverters Consumption by Region (2019-2030)
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 Photovoltaics Microinverters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Photovoltaics Microinverters Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Photovoltaics Microinverters Production by Type (2019-2030)
5.1.1 Global Photovoltaics Microinverters Production by Type (2019-2024)
5.1.2 Global Photovoltaics Microinverters Production by Type (2025-2030)
5.1.3 Global Photovoltaics Microinverters Production Market Share by Type (2019-2030)
5.2 Global Photovoltaics Microinverters Production Value by Type (2019-2030)
5.2.1 Global Photovoltaics Microinverters Production Value by Type (2019-2024)
5.2.2 Global Photovoltaics Microinverters Production Value by Type (2025-2030)
5.2.3 Global Photovoltaics Microinverters Production Value Market Share by Type (2019-2030)
5.3 Global Photovoltaics Microinverters Price by Type (2019-2030)
6 Segment by Application
6.1 Global Photovoltaics Microinverters Production by Application (2019-2030)
6.1.1 Global Photovoltaics Microinverters Production by Application (2019-2024)
6.1.2 Global Photovoltaics Microinverters Production by Application (2025-2030)
6.1.3 Global Photovoltaics Microinverters Production Market Share by Application (2019-2030)
6.2 Global Photovoltaics Microinverters Production Value by Application (2019-2030)
6.2.1 Global Photovoltaics Microinverters Production Value by Application (2019-2024)
6.2.2 Global Photovoltaics Microinverters Production Value by Application (2025-2030)
6.2.3 Global Photovoltaics Microinverters Production Value Market Share by Application (2019-2030)
6.3 Global Photovoltaics Microinverters Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Enphase Energy
7.1.1 Enphase Energy Photovoltaics Microinverters Corporation Information
7.1.2 Enphase Energy Photovoltaics Microinverters Product Portfolio
7.1.3 Enphase Energy Photovoltaics Microinverters Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Enphase Energy Main Business and Markets Served
7.1.5 Enphase Energy Recent Developments/Updates
7.2 SolarEdge Technologies
7.2.1 SolarEdge Technologies Photovoltaics Microinverters Corporation Information
7.2.2 SolarEdge Technologies Photovoltaics Microinverters Product Portfolio
7.2.3 SolarEdge Technologies Photovoltaics Microinverters Production, Value, Price and Gross Margin (2019-2024)
7.2.4 SolarEdge Technologies Main Business and Markets Served
7.2.5 SolarEdge Technologies Recent Developments/Updates
7.3 SMA
7.3.1 SMA Photovoltaics Microinverters Corporation Information
7.3.2 SMA Photovoltaics Microinverters Product Portfolio
7.3.3 SMA Photovoltaics Microinverters Production, Value, Price and Gross Margin (2019-2024)
7.3.4 SMA Main Business and Markets Served
7.3.5 SMA Recent Developments/Updates
7.4 SunPower
7.4.1 SunPower Photovoltaics Microinverters Corporation Information
7.4.2 SunPower Photovoltaics Microinverters Product Portfolio
7.4.3 SunPower Photovoltaics Microinverters Production, Value, Price and Gross Margin (2019-2024)
7.4.4 SunPower Main Business and Markets Served
7.4.5 SunPower Recent Developments/Updates
7.5 Power-One
7.5.1 Power-One Photovoltaics Microinverters Corporation Information
7.5.2 Power-One Photovoltaics Microinverters Product Portfolio
7.5.3 Power-One Photovoltaics Microinverters Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Power-One Main Business and Markets Served
7.5.5 Power-One Recent Developments/Updates
7.6 Sungrow
7.6.1 Sungrow Photovoltaics Microinverters Corporation Information
7.6.2 Sungrow Photovoltaics Microinverters Product Portfolio
7.6.3 Sungrow Photovoltaics Microinverters Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Sungrow Main Business and Markets Served
7.6.5 Sungrow Recent Developments/Updates
7.7 AP System
7.7.1 AP System Photovoltaics Microinverters Corporation Information
7.7.2 AP System Photovoltaics Microinverters Product Portfolio
7.7.3 AP System Photovoltaics Microinverters Production, Value, Price and Gross Margin (2019-2024)
7.7.4 AP System Main Business and Markets Served
7.7.5 AP System Recent Developments/Updates
7.8 Samil Power
7.8.1 Samil Power Photovoltaics Microinverters Corporation Information
7.8.2 Samil Power Photovoltaics Microinverters Product Portfolio
7.8.3 Samil Power Photovoltaics Microinverters Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Samil Power Main Business and Markets Served
7.7.5 Samil Power Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Photovoltaics Microinverters Industry Chain Analysis
8.2 Photovoltaics Microinverters Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Photovoltaics Microinverters Production Mode & Process
8.4 Photovoltaics Microinverters Sales and Marketing
8.4.1 Photovoltaics Microinverters Sales Channels
8.4.2 Photovoltaics Microinverters Distributors
8.5 Photovoltaics Microinverters Customers
9 Photovoltaics Microinverters Market Dynamics
9.1 Photovoltaics Microinverters Industry Trends
9.2 Photovoltaics Microinverters Market Drivers
9.3 Photovoltaics Microinverters Market Challenges
9.4 Photovoltaics Microinverters 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
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