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Micro Solar Inverter-Global Market Insights and Sales Trends 2025
Synopsis
Solar Inverter are widely accepted owing to its property of instantaneous conversion of DC power input to AC current while connected to on-grid system.
The global Micro Solar Inverter market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Micro Solar Inverter in various end use industries. The expanding demands from the Residential, Commercial and Utility,, are propelling Micro Solar Inverter market. Single-Phase Inverter, 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 Inverter segment is estimated at % CAGR for the next seven-year period.
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 $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.381 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Micro Solar Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Micro Solar Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Micro Solar Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Micro Solar 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 Solar Inverter covered in this report include ABB, SMA Solar Technology, Canadian Solar, SolarEdge Technologies, SunPower, Delta Electronics, Solectria Renewables, Sineng Electric and Hitachi Hi-Rel Power Electronics, etc.
The global Micro Solar 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:
ABB
SMA Solar Technology
Canadian Solar
SolarEdge Technologies
SunPower
Delta Electronics
Solectria Renewables
Sineng Electric
Hitachi Hi-Rel Power Electronics
Power electronics
`
Global Micro Solar 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 Solar Inverter market, Segment by Type:
Single-Phase Inverter
Three-Phase Inverter
Multiphase Inverter
Global Micro Solar Inverter market, by Application
Residential
Commercial
Utility
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 Solar 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 Solar 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.
Solar Inverter are widely accepted owing to its property of instantaneous conversion of DC power input to AC current while connected to on-grid system.
The global Micro Solar Inverter market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Micro Solar Inverter in various end use industries. The expanding demands from the Residential, Commercial and Utility,, are propelling Micro Solar Inverter market. Single-Phase Inverter, 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 Inverter segment is estimated at % CAGR for the next seven-year period.
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 $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.381 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Micro Solar Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Micro Solar Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Micro Solar Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Micro Solar 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 Solar Inverter covered in this report include ABB, SMA Solar Technology, Canadian Solar, SolarEdge Technologies, SunPower, Delta Electronics, Solectria Renewables, Sineng Electric and Hitachi Hi-Rel Power Electronics, etc.
The global Micro Solar 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:
ABB
SMA Solar Technology
Canadian Solar
SolarEdge Technologies
SunPower
Delta Electronics
Solectria Renewables
Sineng Electric
Hitachi Hi-Rel Power Electronics
Power electronics
`
Global Micro Solar 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 Solar Inverter market, Segment by Type:
Single-Phase Inverter
Three-Phase Inverter
Multiphase Inverter
Global Micro Solar Inverter market, by Application
Residential
Commercial
Utility
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 Solar 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 Solar 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 Solar Inverter Market Overview
1.1 Micro Solar Inverter Product Overview
1.2 Micro Solar Inverter Market Segment by Type
1.2.1 Single-Phase Inverter
1.2.2 Three-Phase Inverter
1.2.3 Multiphase Inverter
1.3 Global Micro Solar Inverter Market Size by Type
1.3.1 Global Micro Solar Inverter Market Size Overview by Type (2018-2029)
1.3.2 Global Micro Solar Inverter Historic Market Size Review by Type (2018-2023)
1.3.3 Global Micro Solar Inverter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Micro Solar Inverter Sales Breakdown by Type (2018-2023)
1.4.2 Europe Micro Solar Inverter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Micro Solar Inverter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Micro Solar Inverter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Micro Solar Inverter Sales Breakdown by Type (2018-2023)
2 Global Micro Solar Inverter Market Competition by Company
2.1 Global Top Players by Micro Solar Inverter Sales (2018-2023)
2.2 Global Top Players by Micro Solar Inverter Revenue (2018-2023)
2.3 Global Top Players by Micro Solar Inverter Price (2018-2023)
2.4 Global Top Manufacturers Micro Solar Inverter Manufacturing Base Distribution, Sales Area, Product Type
2.5 Micro Solar Inverter Market Competitive Situation and Trends
2.5.1 Micro Solar Inverter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Micro Solar 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 Solar Inverter as of 2022)
2.7 Date of Key Manufacturers Enter into Micro Solar Inverter Market
2.8 Key Manufacturers Micro Solar Inverter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Micro Solar Inverter Status and Outlook by Region
3.1 Global Micro Solar Inverter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Micro Solar Inverter Historic Market Size by Region
3.2.1 Global Micro Solar Inverter Sales in Volume by Region (2018-2023)
3.2.2 Global Micro Solar Inverter Sales in Value by Region (2018-2023)
3.2.3 Global Micro Solar Inverter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Micro Solar Inverter Forecasted Market Size by Region
3.3.1 Global Micro Solar Inverter Sales in Volume by Region (2024-2029)
3.3.2 Global Micro Solar Inverter Sales in Value by Region (2024-2029)
3.3.3 Global Micro Solar Inverter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Micro Solar Inverter by Application
4.1 Micro Solar Inverter Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Utility
4.2 Global Micro Solar Inverter Market Size by Application
4.2.1 Global Micro Solar Inverter Market Size Overview by Application (2018-2029)
4.2.2 Global Micro Solar Inverter Historic Market Size Review by Application (2018-2023)
4.2.3 Global Micro Solar Inverter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Micro Solar Inverter Sales Breakdown by Application (2018-2023)
4.3.2 Europe Micro Solar Inverter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Micro Solar Inverter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Micro Solar Inverter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Micro Solar Inverter Sales Breakdown by Application (2018-2023)
5 North America Micro Solar Inverter by Country
5.1 North America Micro Solar Inverter Historic Market Size by Country
5.1.1 North America Micro Solar Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Micro Solar Inverter Sales in Volume by Country (2018-2023)
5.1.3 North America Micro Solar Inverter Sales in Value by Country (2018-2023)
5.2 North America Micro Solar Inverter Forecasted Market Size by Country
5.2.1 North America Micro Solar Inverter Sales in Volume by Country (2024-2029)
5.2.2 North America Micro Solar Inverter Sales in Value by Country (2024-2029)
6 Europe Micro Solar Inverter by Country
6.1 Europe Micro Solar Inverter Historic Market Size by Country
6.1.1 Europe Micro Solar Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Micro Solar Inverter Sales in Volume by Country (2018-2023)
6.1.3 Europe Micro Solar Inverter Sales in Value by Country (2018-2023)
6.2 Europe Micro Solar Inverter Forecasted Market Size by Country
6.2.1 Europe Micro Solar Inverter Sales in Volume by Country (2024-2029)
6.2.2 Europe Micro Solar Inverter Sales in Value by Country (2024-2029)
7 Asia-Pacific Micro Solar Inverter by Region
7.1 Asia-Pacific Micro Solar Inverter Historic Market Size by Region
7.1.1 Asia-Pacific Micro Solar Inverter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Micro Solar Inverter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Micro Solar Inverter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Micro Solar Inverter Forecasted Market Size by Region
7.2.1 Asia-Pacific Micro Solar Inverter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Micro Solar Inverter Sales in Value by Region (2024-2029)
8 Latin America Micro Solar Inverter by Country
8.1 Latin America Micro Solar Inverter Historic Market Size by Country
8.1.1 Latin America Micro Solar Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Micro Solar Inverter Sales in Volume by Country (2018-2023)
8.1.3 Latin America Micro Solar Inverter Sales in Value by Country (2018-2023)
8.2 Latin America Micro Solar Inverter Forecasted Market Size by Country
8.2.1 Latin America Micro Solar Inverter Sales in Volume by Country (2024-2029)
8.2.2 Latin America Micro Solar Inverter Sales in Value by Country (2024-2029)
9 Middle East and Africa Micro Solar Inverter by Country
9.1 Middle East and Africa Micro Solar Inverter Historic Market Size by Country
9.1.1 Middle East and Africa Micro Solar Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Micro Solar Inverter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Micro Solar Inverter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Micro Solar Inverter Forecasted Market Size by Country
9.2.1 Middle East and Africa Micro Solar Inverter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Micro Solar Inverter Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Micro Solar Inverter Products Offered
10.1.5 ABB Recent Development
10.2 SMA Solar Technology
10.2.1 SMA Solar Technology Company Information
10.2.2 SMA Solar Technology Introduction and Business Overview
10.2.3 SMA Solar Technology Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 SMA Solar Technology Micro Solar Inverter Products Offered
10.2.5 SMA Solar Technology Recent Development
10.3 Canadian Solar
10.3.1 Canadian Solar Company Information
10.3.2 Canadian Solar Introduction and Business Overview
10.3.3 Canadian Solar Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Canadian Solar Micro Solar Inverter Products Offered
10.3.5 Canadian Solar Recent Development
10.4 SolarEdge Technologies
10.4.1 SolarEdge Technologies Company Information
10.4.2 SolarEdge Technologies Introduction and Business Overview
10.4.3 SolarEdge Technologies Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SolarEdge Technologies Micro Solar Inverter Products Offered
10.4.5 SolarEdge Technologies Recent Development
10.5 SunPower
10.5.1 SunPower Company Information
10.5.2 SunPower Introduction and Business Overview
10.5.3 SunPower Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 SunPower Micro Solar Inverter Products Offered
10.5.5 SunPower Recent Development
10.6 Delta Electronics
10.6.1 Delta Electronics Company Information
10.6.2 Delta Electronics Introduction and Business Overview
10.6.3 Delta Electronics Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Delta Electronics Micro Solar Inverter Products Offered
10.6.5 Delta Electronics Recent Development
10.7 Solectria Renewables
10.7.1 Solectria Renewables Company Information
10.7.2 Solectria Renewables Introduction and Business Overview
10.7.3 Solectria Renewables Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Solectria Renewables Micro Solar Inverter Products Offered
10.7.5 Solectria Renewables Recent Development
10.8 Sineng Electric
10.8.1 Sineng Electric Company Information
10.8.2 Sineng Electric Introduction and Business Overview
10.8.3 Sineng Electric Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Sineng Electric Micro Solar Inverter Products Offered
10.8.5 Sineng Electric Recent Development
10.9 Hitachi Hi-Rel Power Electronics
10.9.1 Hitachi Hi-Rel Power Electronics Company Information
10.9.2 Hitachi Hi-Rel Power Electronics Introduction and Business Overview
10.9.3 Hitachi Hi-Rel Power Electronics Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Hitachi Hi-Rel Power Electronics Micro Solar Inverter Products Offered
10.9.5 Hitachi Hi-Rel Power Electronics Recent Development
10.10 Power electronics
10.10.1 Power electronics Company Information
10.10.2 Power electronics Introduction and Business Overview
10.10.3 Power electronics Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Power electronics Micro Solar Inverter Products Offered
10.10.5 Power electronics Recent Development
10.23 `
10.23.1 ` Company Information
10.23.2 ` Introduction and Business Overview
10.23.3 ` Micro Solar Inverter Sales, Revenue and Gross Margin (2018-2023)
10.23.4 ` Micro Solar Inverter Products Offered
10.23.5 ` Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Micro Solar 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 Solar Inverter Industrial Chain Analysis
11.4 Micro Solar Inverter Market Dynamics
11.4.1 Micro Solar Inverter Industry Trends
11.4.2 Micro Solar Inverter Market Drivers
11.4.3 Micro Solar Inverter Market Challenges
11.4.4 Micro Solar Inverter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Micro Solar Inverter Distributors
12.3 Micro Solar 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
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