The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Micro Inverter-Global Market Insights and Sales Trends 2024
Synopsis
Micro inverter is an emerging solar inverter technology used to convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity.
The global Micro Inverter market size is expected to reach US$ 5314.7 million by 2029, growing at a CAGR of 10.9% from 2023 to 2029. The market is mainly driven by the significant applications of Micro Inverter in various end use industries. The expanding demands from the Residential and Commercial, are propelling Micro Inverter market. Single-phase, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Three-phase segment is estimated at % CAGR for the next seven-year period.
The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Micro Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Micro Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Micro Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Micro Inverter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Micro Inverter covered in this report include Enphase Energy, ABB Group, SunPower, SMA Solar Technology, Delta Energy Systems, SolarEdge Technologies, ReneSola, Siemens and P&P Energy Technology, etc.
The global Micro Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Enphase Energy
ABB Group
SunPower
SMA Solar Technology
Delta Energy Systems
SolarEdge Technologies
ReneSola
Siemens
P&P Energy Technology
Involar
Alencon Systems
Delta Energy
Altenergy Power
Ampt
Array Power
Chilicon Power
i-Energy
KACO New Energy
Petra Systems
Solantro
Sparq Systems
Tigo Energy
Global Micro Inverter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Micro Inverter market, Segment by Type:
Single-phase
Three-phase
Global Micro Inverter market, by Application
Residential
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Micro Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Micro Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Micro inverter is an emerging solar inverter technology used to convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity.
The global Micro Inverter market size is expected to reach US$ 5314.7 million by 2029, growing at a CAGR of 10.9% from 2023 to 2029. The market is mainly driven by the significant applications of Micro Inverter in various end use industries. The expanding demands from the Residential and Commercial, are propelling Micro Inverter market. Single-phase, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Three-phase segment is estimated at % CAGR for the next seven-year period.
The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Micro Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Micro Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Micro Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Micro Inverter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Micro Inverter covered in this report include Enphase Energy, ABB Group, SunPower, SMA Solar Technology, Delta Energy Systems, SolarEdge Technologies, ReneSola, Siemens and P&P Energy Technology, etc.
The global Micro Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Enphase Energy
ABB Group
SunPower
SMA Solar Technology
Delta Energy Systems
SolarEdge Technologies
ReneSola
Siemens
P&P Energy Technology
Involar
Alencon Systems
Delta Energy
Altenergy Power
Ampt
Array Power
Chilicon Power
i-Energy
KACO New Energy
Petra Systems
Solantro
Sparq Systems
Tigo Energy
Global Micro Inverter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Micro Inverter market, Segment by Type:
Single-phase
Three-phase
Global Micro Inverter market, by Application
Residential
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Micro Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Micro Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Micro Inverter Market Overview
1.1 Micro Inverter Product Overview
1.2 Micro Inverter Market Segment by Type
1.2.1 Single-phase
1.2.2 Three-phase
1.3 Global Micro Inverter Market Size by Type
1.3.1 Global Micro Inverter Market Size Overview by Type (2018-2029)
1.3.2 Global Micro Inverter Historic Market Size Review by Type (2018-2023)
1.3.3 Global Micro Inverter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.2 Europe Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Micro Inverter Sales Breakdown by Type (2018-2023)
2 Global Micro Inverter Market Competition by Company
2.1 Global Top Players by Micro Inverter Sales (2018-2023)
2.2 Global Top Players by Micro Inverter Revenue (2018-2023)
2.3 Global Top Players by Micro Inverter Price (2018-2023)
2.4 Global Top Manufacturers Micro Inverter Manufacturing Base Distribution, Sales Area, Product Type
2.5 Micro Inverter Market Competitive Situation and Trends
2.5.1 Micro Inverter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Micro Inverter Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Micro Inverter as of 2022)
2.7 Date of Key Manufacturers Enter into Micro Inverter Market
2.8 Key Manufacturers Micro Inverter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Micro Inverter Status and Outlook by Region
3.1 Global Micro Inverter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Micro Inverter Historic Market Size by Region
3.2.1 Global Micro Inverter Sales in Volume by Region (2018-2023)
3.2.2 Global Micro Inverter Sales in Value by Region (2018-2023)
3.2.3 Global Micro Inverter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Micro Inverter Forecasted Market Size by Region
3.3.1 Global Micro Inverter Sales in Volume by Region (2024-2029)
3.3.2 Global Micro Inverter Sales in Value by Region (2024-2029)
3.3.3 Global Micro Inverter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Micro Inverter by Application
4.1 Micro Inverter Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Micro Inverter Market Size by Application
4.2.1 Global Micro Inverter Market Size Overview by Application (2018-2029)
4.2.2 Global Micro Inverter Historic Market Size Review by Application (2018-2023)
4.2.3 Global Micro Inverter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.2 Europe Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Micro Inverter Sales Breakdown by Application (2018-2023)
5 North America Micro Inverter by Country
5.1 North America Micro Inverter Historic Market Size by Country
5.1.1 North America Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Micro Inverter Sales in Volume by Country (2018-2023)
5.1.3 North America Micro Inverter Sales in Value by Country (2018-2023)
5.2 North America Micro Inverter Forecasted Market Size by Country
5.2.1 North America Micro Inverter Sales in Volume by Country (2024-2029)
5.2.2 North America Micro Inverter Sales in Value by Country (2024-2029)
6 Europe Micro Inverter by Country
6.1 Europe Micro Inverter Historic Market Size by Country
6.1.1 Europe Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Micro Inverter Sales in Volume by Country (2018-2023)
6.1.3 Europe Micro Inverter Sales in Value by Country (2018-2023)
6.2 Europe Micro Inverter Forecasted Market Size by Country
6.2.1 Europe Micro Inverter Sales in Volume by Country (2024-2029)
6.2.2 Europe Micro Inverter Sales in Value by Country (2024-2029)
7 Asia-Pacific Micro Inverter by Region
7.1 Asia-Pacific Micro Inverter Historic Market Size by Region
7.1.1 Asia-Pacific Micro Inverter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Micro Inverter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Micro Inverter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Micro Inverter Forecasted Market Size by Region
7.2.1 Asia-Pacific Micro Inverter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Micro Inverter Sales in Value by Region (2024-2029)
8 Latin America Micro Inverter by Country
8.1 Latin America Micro Inverter Historic Market Size by Country
8.1.1 Latin America Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Micro Inverter Sales in Volume by Country (2018-2023)
8.1.3 Latin America Micro Inverter Sales in Value by Country (2018-2023)
8.2 Latin America Micro Inverter Forecasted Market Size by Country
8.2.1 Latin America Micro Inverter Sales in Volume by Country (2024-2029)
8.2.2 Latin America Micro Inverter Sales in Value by Country (2024-2029)
9 Middle East and Africa Micro Inverter by Country
9.1 Middle East and Africa Micro Inverter Historic Market Size by Country
9.1.1 Middle East and Africa Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Micro Inverter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Micro Inverter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Micro Inverter Forecasted Market Size by Country
9.2.1 Middle East and Africa Micro Inverter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Micro Inverter Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Enphase Energy
10.1.1 Enphase Energy Company Information
10.1.2 Enphase Energy Introduction and Business Overview
10.1.3 Enphase Energy Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Enphase Energy Micro Inverter Products Offered
10.1.5 Enphase Energy Recent Development
10.2 ABB Group
10.2.1 ABB Group Company Information
10.2.2 ABB Group Introduction and Business Overview
10.2.3 ABB Group Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 ABB Group Micro Inverter Products Offered
10.2.5 ABB Group Recent Development
10.3 SunPower
10.3.1 SunPower Company Information
10.3.2 SunPower Introduction and Business Overview
10.3.3 SunPower Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 SunPower Micro Inverter Products Offered
10.3.5 SunPower Recent Development
10.4 SMA Solar Technology
10.4.1 SMA Solar Technology Company Information
10.4.2 SMA Solar Technology Introduction and Business Overview
10.4.3 SMA Solar Technology Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SMA Solar Technology Micro Inverter Products Offered
10.4.5 SMA Solar Technology Recent Development
10.5 Delta Energy Systems
10.5.1 Delta Energy Systems Company Information
10.5.2 Delta Energy Systems Introduction and Business Overview
10.5.3 Delta Energy Systems Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Delta Energy Systems Micro Inverter Products Offered
10.5.5 Delta Energy Systems Recent Development
10.6 SolarEdge Technologies
10.6.1 SolarEdge Technologies Company Information
10.6.2 SolarEdge Technologies Introduction and Business Overview
10.6.3 SolarEdge Technologies Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 SolarEdge Technologies Micro Inverter Products Offered
10.6.5 SolarEdge Technologies Recent Development
10.7 ReneSola
10.7.1 ReneSola Company Information
10.7.2 ReneSola Introduction and Business Overview
10.7.3 ReneSola Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 ReneSola Micro Inverter Products Offered
10.7.5 ReneSola Recent Development
10.8 Siemens
10.8.1 Siemens Company Information
10.8.2 Siemens Introduction and Business Overview
10.8.3 Siemens Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Siemens Micro Inverter Products Offered
10.8.5 Siemens Recent Development
10.9 P&P Energy Technology
10.9.1 P&P Energy Technology Company Information
10.9.2 P&P Energy Technology Introduction and Business Overview
10.9.3 P&P Energy Technology Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 P&P Energy Technology Micro Inverter Products Offered
10.9.5 P&P Energy Technology Recent Development
10.10 Involar
10.10.1 Involar Company Information
10.10.2 Involar Introduction and Business Overview
10.10.3 Involar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Involar Micro Inverter Products Offered
10.10.5 Involar Recent Development
10.11 Alencon Systems
10.11.1 Alencon Systems Company Information
10.11.2 Alencon Systems Introduction and Business Overview
10.11.3 Alencon Systems Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Alencon Systems Micro Inverter Products Offered
10.11.5 Alencon Systems Recent Development
10.12 Delta Energy
10.12.1 Delta Energy Company Information
10.12.2 Delta Energy Introduction and Business Overview
10.12.3 Delta Energy Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Delta Energy Micro Inverter Products Offered
10.12.5 Delta Energy Recent Development
10.13 Altenergy Power
10.13.1 Altenergy Power Company Information
10.13.2 Altenergy Power Introduction and Business Overview
10.13.3 Altenergy Power Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Altenergy Power Micro Inverter Products Offered
10.13.5 Altenergy Power Recent Development
10.14 Ampt
10.14.1 Ampt Company Information
10.14.2 Ampt Introduction and Business Overview
10.14.3 Ampt Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Ampt Micro Inverter Products Offered
10.14.5 Ampt Recent Development
10.15 Array Power
10.15.1 Array Power Company Information
10.15.2 Array Power Introduction and Business Overview
10.15.3 Array Power Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Array Power Micro Inverter Products Offered
10.15.5 Array Power Recent Development
10.16 Chilicon Power
10.16.1 Chilicon Power Company Information
10.16.2 Chilicon Power Introduction and Business Overview
10.16.3 Chilicon Power Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Chilicon Power Micro Inverter Products Offered
10.16.5 Chilicon Power Recent Development
10.17 i-Energy
10.17.1 i-Energy Company Information
10.17.2 i-Energy Introduction and Business Overview
10.17.3 i-Energy Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.17.4 i-Energy Micro Inverter Products Offered
10.17.5 i-Energy Recent Development
10.18 KACO New Energy
10.18.1 KACO New Energy Company Information
10.18.2 KACO New Energy Introduction and Business Overview
10.18.3 KACO New Energy Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.18.4 KACO New Energy Micro Inverter Products Offered
10.18.5 KACO New Energy Recent Development
10.19 Petra Systems
10.19.1 Petra Systems Company Information
10.19.2 Petra Systems Introduction and Business Overview
10.19.3 Petra Systems Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Petra Systems Micro Inverter Products Offered
10.19.5 Petra Systems Recent Development
10.20 Solantro
10.20.1 Solantro Company Information
10.20.2 Solantro Introduction and Business Overview
10.20.3 Solantro Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Solantro Micro Inverter Products Offered
10.20.5 Solantro Recent Development
10.21 Sparq Systems
10.21.1 Sparq Systems Company Information
10.21.2 Sparq Systems Introduction and Business Overview
10.21.3 Sparq Systems Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.21.4 Sparq Systems Micro Inverter Products Offered
10.21.5 Sparq Systems Recent Development
10.22 Tigo Energy
10.22.1 Tigo Energy Company Information
10.22.2 Tigo Energy Introduction and Business Overview
10.22.3 Tigo Energy Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.22.4 Tigo Energy Micro Inverter Products Offered
10.22.5 Tigo Energy Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Micro Inverter Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Micro Inverter Industrial Chain Analysis
11.4 Micro Inverter Market Dynamics
11.4.1 Micro Inverter Industry Trends
11.4.2 Micro Inverter Market Drivers
11.4.3 Micro Inverter Market Challenges
11.4.4 Micro Inverter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Micro Inverter Distributors
12.3 Micro Inverter Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 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 Industrial Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
