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Global Solar Microinverter Market Research Report 2024
Synopsis
A Solar Microinverter, or simply 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 Solar Microinverter market was valued at US$ 217 million in 2023 and is anticipated to reach US$ 801.7 million by 2030, witnessing a CAGR of 20.0% 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 3.231 GW.
This report aims to provide a comprehensive presentation of the global market for Solar Microinverter, 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 Solar Microinverter.
Report Scope
The Solar Microinverter 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 Solar Microinverter 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 Solar Microinverter 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 Solar Microinverter
Grid-Off Solar Microinverter
Segment by Application
Residential
Commercial
Other
Production by Region
North America
Europe
China
Japan
South Korea
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 Solar Microinverter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solar Microinverter 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 Solar Microinverter 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 Solar Microinverter, or simply 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 Solar Microinverter market was valued at US$ 217 million in 2023 and is anticipated to reach US$ 801.7 million by 2030, witnessing a CAGR of 20.0% 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 3.231 GW.
This report aims to provide a comprehensive presentation of the global market for Solar Microinverter, 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 Solar Microinverter.
Report Scope
The Solar Microinverter 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 Solar Microinverter 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 Solar Microinverter 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 Solar Microinverter
Grid-Off Solar Microinverter
Segment by Application
Residential
Commercial
Other
Production by Region
North America
Europe
China
Japan
South Korea
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 Solar Microinverter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solar Microinverter 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 Solar Microinverter 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 Solar Microinverter Market Overview
1.1 Product Definition
1.2 Solar Microinverter Segment by Type
1.2.1 Global Solar Microinverter Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Grid-Connected Solar Microinverter
1.2.3 Grid-Off Solar Microinverter
1.3 Solar Microinverter Segment by Application
1.3.1 Global Solar Microinverter 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 Solar Microinverter Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Solar Microinverter Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Solar Microinverter Production Estimates and Forecasts (2019-2030)
1.4.4 Global Solar Microinverter Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solar Microinverter Production Market Share by Manufacturers (2019-2024)
2.2 Global Solar Microinverter Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Solar Microinverter, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Solar Microinverter Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Solar Microinverter Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Solar Microinverter, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solar Microinverter, Product Offered and Application
2.8 Global Key Manufacturers of Solar Microinverter, Date of Enter into This Industry
2.9 Solar Microinverter Market Competitive Situation and Trends
2.9.1 Solar Microinverter Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solar Microinverter Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solar Microinverter Production by Region
3.1 Global Solar Microinverter Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Solar Microinverter Production Value by Region (2019-2030)
3.2.1 Global Solar Microinverter Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Solar Microinverter by Region (2025-2030)
3.3 Global Solar Microinverter Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Solar Microinverter Production by Region (2019-2030)
3.4.1 Global Solar Microinverter Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Solar Microinverter by Region (2025-2030)
3.5 Global Solar Microinverter Market Price Analysis by Region (2019-2024)
3.6 Global Solar Microinverter Production and Value, Year-over-Year Growth
3.6.1 North America Solar Microinverter Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Solar Microinverter Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Solar Microinverter Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Solar Microinverter Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Solar Microinverter Production Value Estimates and Forecasts (2019-2030)
4 Solar Microinverter Consumption by Region
4.1 Global Solar Microinverter Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Solar Microinverter Consumption by Region (2019-2030)
4.2.1 Global Solar Microinverter Consumption by Region (2019-2024)
4.2.2 Global Solar Microinverter Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Solar Microinverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Solar Microinverter Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solar Microinverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Solar Microinverter 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 Solar Microinverter Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Solar Microinverter 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 Solar Microinverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Solar Microinverter Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Solar Microinverter Production by Type (2019-2030)
5.1.1 Global Solar Microinverter Production by Type (2019-2024)
5.1.2 Global Solar Microinverter Production by Type (2025-2030)
5.1.3 Global Solar Microinverter Production Market Share by Type (2019-2030)
5.2 Global Solar Microinverter Production Value by Type (2019-2030)
5.2.1 Global Solar Microinverter Production Value by Type (2019-2024)
5.2.2 Global Solar Microinverter Production Value by Type (2025-2030)
5.2.3 Global Solar Microinverter Production Value Market Share by Type (2019-2030)
5.3 Global Solar Microinverter Price by Type (2019-2030)
6 Segment by Application
6.1 Global Solar Microinverter Production by Application (2019-2030)
6.1.1 Global Solar Microinverter Production by Application (2019-2024)
6.1.2 Global Solar Microinverter Production by Application (2025-2030)
6.1.3 Global Solar Microinverter Production Market Share by Application (2019-2030)
6.2 Global Solar Microinverter Production Value by Application (2019-2030)
6.2.1 Global Solar Microinverter Production Value by Application (2019-2024)
6.2.2 Global Solar Microinverter Production Value by Application (2025-2030)
6.2.3 Global Solar Microinverter Production Value Market Share by Application (2019-2030)
6.3 Global Solar Microinverter Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Enphase Energy
7.1.1 Enphase Energy Solar Microinverter Corporation Information
7.1.2 Enphase Energy Solar Microinverter Product Portfolio
7.1.3 Enphase Energy Solar Microinverter 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 Solar Microinverter Corporation Information
7.2.2 SolarEdge Technologies Solar Microinverter Product Portfolio
7.2.3 SolarEdge Technologies Solar Microinverter 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 Solar Microinverter Corporation Information
7.3.2 SMA Solar Microinverter Product Portfolio
7.3.3 SMA Solar Microinverter 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 Solar Microinverter Corporation Information
7.4.2 SunPower Solar Microinverter Product Portfolio
7.4.3 SunPower Solar Microinverter 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 Solar Microinverter Corporation Information
7.5.2 Power-One Solar Microinverter Product Portfolio
7.5.3 Power-One Solar Microinverter 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 Solar Microinverter Corporation Information
7.6.2 Sungrow Solar Microinverter Product Portfolio
7.6.3 Sungrow Solar Microinverter 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 Solar Microinverter Corporation Information
7.7.2 AP System Solar Microinverter Product Portfolio
7.7.3 AP System Solar Microinverter 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 Solar Microinverter Corporation Information
7.8.2 Samil Power Solar Microinverter Product Portfolio
7.8.3 Samil Power Solar Microinverter 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 Solar Microinverter Industry Chain Analysis
8.2 Solar Microinverter Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solar Microinverter Production Mode & Process
8.4 Solar Microinverter Sales and Marketing
8.4.1 Solar Microinverter Sales Channels
8.4.2 Solar Microinverter Distributors
8.5 Solar Microinverter Customers
9 Solar Microinverter Market Dynamics
9.1 Solar Microinverter Industry Trends
9.2 Solar Microinverter Market Drivers
9.3 Solar Microinverter Market Challenges
9.4 Solar Microinverter 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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