The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
PV Micro Inverter-Global Market Insights and Sales Trends 2024
Synopsis
PV micro inverters convert direct current (DC) from solar panels into alternate current (AC) of the required frequency. The output from several microinverters is later combined and fed to electrical grids to generate power.
The global PV Micro Inverter market size is expected to reach US$ 1747.6 million by 2029, growing at a CAGR of 12.9% from 2023 to 2029. The market is mainly driven by the significant applications of PV Micro Inverter in various end use industries. The expanding demands from the Residential, Commercial and Utility,, are propelling PV Micro Inverter market. Standalone Systems, 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 Integrated Systems segment is estimated at % CAGR for the next seven-year period.
The APAC will be the largest market for solar microinverters during the forecast period . The market in this region will witness significant growth due to the high adoption rate of solar microinverters. The ability of such systems to bolster the energy harvest of a system will compel the populace in this region to adopt solar microinverters.
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 PV 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 PV 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 PV Micro Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, PV 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 PV Micro Inverter covered in this report include ABB, Chilicon Power, Enphase Energy, Renesola, SMA Solar Technology, SolarEdge Technologies, Sungrow Power Supply, Schenzhen Kstar Science & Technology and TMEIC, etc.
The global PV 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:
ABB
Chilicon Power
Enphase Energy
Renesola
SMA Solar Technology
SolarEdge Technologies
Sungrow Power Supply
Schenzhen Kstar Science & Technology
TMEIC
SunPower Corp
Global PV 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 PV Micro Inverter market, Segment by Type:
Standalone Systems
Integrated Systems
Global PV Micro 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 PV 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 PV 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.
PV micro inverters convert direct current (DC) from solar panels into alternate current (AC) of the required frequency. The output from several microinverters is later combined and fed to electrical grids to generate power.
The global PV Micro Inverter market size is expected to reach US$ 1747.6 million by 2029, growing at a CAGR of 12.9% from 2023 to 2029. The market is mainly driven by the significant applications of PV Micro Inverter in various end use industries. The expanding demands from the Residential, Commercial and Utility,, are propelling PV Micro Inverter market. Standalone Systems, 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 Integrated Systems segment is estimated at % CAGR for the next seven-year period.
The APAC will be the largest market for solar microinverters during the forecast period . The market in this region will witness significant growth due to the high adoption rate of solar microinverters. The ability of such systems to bolster the energy harvest of a system will compel the populace in this region to adopt solar microinverters.
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 PV 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 PV 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 PV Micro Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, PV 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 PV Micro Inverter covered in this report include ABB, Chilicon Power, Enphase Energy, Renesola, SMA Solar Technology, SolarEdge Technologies, Sungrow Power Supply, Schenzhen Kstar Science & Technology and TMEIC, etc.
The global PV 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:
ABB
Chilicon Power
Enphase Energy
Renesola
SMA Solar Technology
SolarEdge Technologies
Sungrow Power Supply
Schenzhen Kstar Science & Technology
TMEIC
SunPower Corp
Global PV 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 PV Micro Inverter market, Segment by Type:
Standalone Systems
Integrated Systems
Global PV Micro 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 PV 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 PV 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 PV Micro Inverter Market Overview
1.1 PV Micro Inverter Product Overview
1.2 PV Micro Inverter Market Segment by Type
1.2.1 Standalone Systems
1.2.2 Integrated Systems
1.3 Global PV Micro Inverter Market Size by Type
1.3.1 Global PV Micro Inverter Market Size Overview by Type (2018-2029)
1.3.2 Global PV Micro Inverter Historic Market Size Review by Type (2018-2023)
1.3.3 Global PV Micro Inverter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America PV Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.2 Europe PV Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific PV Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America PV Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa PV Micro Inverter Sales Breakdown by Type (2018-2023)
2 Global PV Micro Inverter Market Competition by Company
2.1 Global Top Players by PV Micro Inverter Sales (2018-2023)
2.2 Global Top Players by PV Micro Inverter Revenue (2018-2023)
2.3 Global Top Players by PV Micro Inverter Price (2018-2023)
2.4 Global Top Manufacturers PV Micro Inverter Manufacturing Base Distribution, Sales Area, Product Type
2.5 PV Micro Inverter Market Competitive Situation and Trends
2.5.1 PV Micro Inverter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by PV 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 PV Micro Inverter as of 2022)
2.7 Date of Key Manufacturers Enter into PV Micro Inverter Market
2.8 Key Manufacturers PV Micro Inverter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 PV Micro Inverter Status and Outlook by Region
3.1 Global PV Micro Inverter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global PV Micro Inverter Historic Market Size by Region
3.2.1 Global PV Micro Inverter Sales in Volume by Region (2018-2023)
3.2.2 Global PV Micro Inverter Sales in Value by Region (2018-2023)
3.2.3 Global PV Micro Inverter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global PV Micro Inverter Forecasted Market Size by Region
3.3.1 Global PV Micro Inverter Sales in Volume by Region (2024-2029)
3.3.2 Global PV Micro Inverter Sales in Value by Region (2024-2029)
3.3.3 Global PV Micro Inverter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global PV Micro Inverter by Application
4.1 PV Micro Inverter Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Utility
4.2 Global PV Micro Inverter Market Size by Application
4.2.1 Global PV Micro Inverter Market Size Overview by Application (2018-2029)
4.2.2 Global PV Micro Inverter Historic Market Size Review by Application (2018-2023)
4.2.3 Global PV Micro Inverter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America PV Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.2 Europe PV Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific PV Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America PV Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa PV Micro Inverter Sales Breakdown by Application (2018-2023)
5 North America PV Micro Inverter by Country
5.1 North America PV Micro Inverter Historic Market Size by Country
5.1.1 North America PV Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America PV Micro Inverter Sales in Volume by Country (2018-2023)
5.1.3 North America PV Micro Inverter Sales in Value by Country (2018-2023)
5.2 North America PV Micro Inverter Forecasted Market Size by Country
5.2.1 North America PV Micro Inverter Sales in Volume by Country (2024-2029)
5.2.2 North America PV Micro Inverter Sales in Value by Country (2024-2029)
6 Europe PV Micro Inverter by Country
6.1 Europe PV Micro Inverter Historic Market Size by Country
6.1.1 Europe PV Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe PV Micro Inverter Sales in Volume by Country (2018-2023)
6.1.3 Europe PV Micro Inverter Sales in Value by Country (2018-2023)
6.2 Europe PV Micro Inverter Forecasted Market Size by Country
6.2.1 Europe PV Micro Inverter Sales in Volume by Country (2024-2029)
6.2.2 Europe PV Micro Inverter Sales in Value by Country (2024-2029)
7 Asia-Pacific PV Micro Inverter by Region
7.1 Asia-Pacific PV Micro Inverter Historic Market Size by Region
7.1.1 Asia-Pacific PV Micro Inverter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific PV Micro Inverter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific PV Micro Inverter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific PV Micro Inverter Forecasted Market Size by Region
7.2.1 Asia-Pacific PV Micro Inverter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific PV Micro Inverter Sales in Value by Region (2024-2029)
8 Latin America PV Micro Inverter by Country
8.1 Latin America PV Micro Inverter Historic Market Size by Country
8.1.1 Latin America PV Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America PV Micro Inverter Sales in Volume by Country (2018-2023)
8.1.3 Latin America PV Micro Inverter Sales in Value by Country (2018-2023)
8.2 Latin America PV Micro Inverter Forecasted Market Size by Country
8.2.1 Latin America PV Micro Inverter Sales in Volume by Country (2024-2029)
8.2.2 Latin America PV Micro Inverter Sales in Value by Country (2024-2029)
9 Middle East and Africa PV Micro Inverter by Country
9.1 Middle East and Africa PV Micro Inverter Historic Market Size by Country
9.1.1 Middle East and Africa PV Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa PV Micro Inverter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa PV Micro Inverter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa PV Micro Inverter Forecasted Market Size by Country
9.2.1 Middle East and Africa PV Micro Inverter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa PV Micro 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 PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB PV Micro Inverter Products Offered
10.1.5 ABB Recent Development
10.2 Chilicon Power
10.2.1 Chilicon Power Company Information
10.2.2 Chilicon Power Introduction and Business Overview
10.2.3 Chilicon Power PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Chilicon Power PV Micro Inverter Products Offered
10.2.5 Chilicon Power Recent Development
10.3 Enphase Energy
10.3.1 Enphase Energy Company Information
10.3.2 Enphase Energy Introduction and Business Overview
10.3.3 Enphase Energy PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Enphase Energy PV Micro Inverter Products Offered
10.3.5 Enphase Energy Recent Development
10.4 Renesola
10.4.1 Renesola Company Information
10.4.2 Renesola Introduction and Business Overview
10.4.3 Renesola PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Renesola PV Micro Inverter Products Offered
10.4.5 Renesola Recent Development
10.5 SMA Solar Technology
10.5.1 SMA Solar Technology Company Information
10.5.2 SMA Solar Technology Introduction and Business Overview
10.5.3 SMA Solar Technology PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 SMA Solar Technology PV Micro Inverter Products Offered
10.5.5 SMA Solar Technology 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 PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 SolarEdge Technologies PV Micro Inverter Products Offered
10.6.5 SolarEdge Technologies Recent Development
10.7 Sungrow Power Supply
10.7.1 Sungrow Power Supply Company Information
10.7.2 Sungrow Power Supply Introduction and Business Overview
10.7.3 Sungrow Power Supply PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sungrow Power Supply PV Micro Inverter Products Offered
10.7.5 Sungrow Power Supply Recent Development
10.8 Schenzhen Kstar Science & Technology
10.8.1 Schenzhen Kstar Science & Technology Company Information
10.8.2 Schenzhen Kstar Science & Technology Introduction and Business Overview
10.8.3 Schenzhen Kstar Science & Technology PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Schenzhen Kstar Science & Technology PV Micro Inverter Products Offered
10.8.5 Schenzhen Kstar Science & Technology Recent Development
10.9 TMEIC
10.9.1 TMEIC Company Information
10.9.2 TMEIC Introduction and Business Overview
10.9.3 TMEIC PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 TMEIC PV Micro Inverter Products Offered
10.9.5 TMEIC Recent Development
10.10 SunPower Corp
10.10.1 SunPower Corp Company Information
10.10.2 SunPower Corp Introduction and Business Overview
10.10.3 SunPower Corp PV Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 SunPower Corp PV Micro Inverter Products Offered
10.10.5 SunPower Corp Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 PV 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 PV Micro Inverter Industrial Chain Analysis
11.4 PV Micro Inverter Market Dynamics
11.4.1 PV Micro Inverter Industry Trends
11.4.2 PV Micro Inverter Market Drivers
11.4.3 PV Micro Inverter Market Challenges
11.4.4 PV Micro Inverter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 PV Micro Inverter Distributors
12.3 PV 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 Energy & Power Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
