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Solar Micro Inverter-Global Market Insights and Sales Trends 2024
Synopsis
The global Solar Micro Inverter market size is expected to reach US$ 846 million by 2029, growing at a CAGR of 5.7% from 2023 to 2029. The market is mainly driven by the significant applications of Solar Micro Inverter in various end use industries. The expanding demands from the Residential (0-20Kw), Commercial (20Kw-1Mw) and Utility (1Mw and above),, are propelling Solar Micro Inverter market. Stand-Alone, 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 segment is estimated at % CAGR for the next seven-year period.
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 3.312 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 Solar 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 Solar 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 Solar Micro Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar 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 Solar Micro Inverter covered in this report include ABB, Enphase Energy, SMA Solar Technology, SolarEdge Technologies, SunPower Corp, APS, Chilicon Power, Cybo Energy and iEnergy, etc.
The global Solar 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
Enphase Energy
SMA Solar Technology
SolarEdge Technologies
SunPower Corp
APS
Chilicon Power
Cybo Energy
iEnergy
Involar
LeadSolar
ReneSola
Sparq Systems
Global Solar 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 Solar Micro Inverter market, Segment by Type:
Stand-Alone
Integrated
Global Solar Micro Inverter market, by Application
Residential (0-20Kw)
Commercial (20Kw-1Mw)
Utility (1Mw and above)
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 Solar 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 Solar 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.
The global Solar Micro Inverter market size is expected to reach US$ 846 million by 2029, growing at a CAGR of 5.7% from 2023 to 2029. The market is mainly driven by the significant applications of Solar Micro Inverter in various end use industries. The expanding demands from the Residential (0-20Kw), Commercial (20Kw-1Mw) and Utility (1Mw and above),, are propelling Solar Micro Inverter market. Stand-Alone, 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 segment is estimated at % CAGR for the next seven-year period.
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 3.312 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 Solar 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 Solar 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 Solar Micro Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar 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 Solar Micro Inverter covered in this report include ABB, Enphase Energy, SMA Solar Technology, SolarEdge Technologies, SunPower Corp, APS, Chilicon Power, Cybo Energy and iEnergy, etc.
The global Solar 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
Enphase Energy
SMA Solar Technology
SolarEdge Technologies
SunPower Corp
APS
Chilicon Power
Cybo Energy
iEnergy
Involar
LeadSolar
ReneSola
Sparq Systems
Global Solar 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 Solar Micro Inverter market, Segment by Type:
Stand-Alone
Integrated
Global Solar Micro Inverter market, by Application
Residential (0-20Kw)
Commercial (20Kw-1Mw)
Utility (1Mw and above)
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 Solar 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 Solar 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 Solar Micro Inverter Market Overview
1.1 Solar Micro Inverter Product Overview
1.2 Solar Micro Inverter Market Segment by Type
1.2.1 Stand-Alone
1.2.2 Integrated
1.3 Global Solar Micro Inverter Market Size by Type
1.3.1 Global Solar Micro Inverter Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Micro Inverter Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Micro Inverter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Micro Inverter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Micro Inverter Sales Breakdown by Type (2018-2023)
2 Global Solar Micro Inverter Market Competition by Company
2.1 Global Top Players by Solar Micro Inverter Sales (2018-2023)
2.2 Global Top Players by Solar Micro Inverter Revenue (2018-2023)
2.3 Global Top Players by Solar Micro Inverter Price (2018-2023)
2.4 Global Top Manufacturers Solar Micro Inverter Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Micro Inverter Market Competitive Situation and Trends
2.5.1 Solar Micro Inverter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar 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 Solar Micro Inverter as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Micro Inverter Market
2.8 Key Manufacturers Solar Micro Inverter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Micro Inverter Status and Outlook by Region
3.1 Global Solar Micro Inverter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Micro Inverter Historic Market Size by Region
3.2.1 Global Solar Micro Inverter Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Micro Inverter Sales in Value by Region (2018-2023)
3.2.3 Global Solar Micro Inverter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Micro Inverter Forecasted Market Size by Region
3.3.1 Global Solar Micro Inverter Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Micro Inverter Sales in Value by Region (2024-2029)
3.3.3 Global Solar Micro Inverter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Micro Inverter by Application
4.1 Solar Micro Inverter Market Segment by Application
4.1.1 Residential (0-20Kw)
4.1.2 Commercial (20Kw-1Mw)
4.1.3 Utility (1Mw and above)
4.2 Global Solar Micro Inverter Market Size by Application
4.2.1 Global Solar Micro Inverter Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Micro Inverter Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Micro Inverter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Micro Inverter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Micro Inverter Sales Breakdown by Application (2018-2023)
5 North America Solar Micro Inverter by Country
5.1 North America Solar Micro Inverter Historic Market Size by Country
5.1.1 North America Solar Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Micro Inverter Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Micro Inverter Sales in Value by Country (2018-2023)
5.2 North America Solar Micro Inverter Forecasted Market Size by Country
5.2.1 North America Solar Micro Inverter Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Micro Inverter Sales in Value by Country (2024-2029)
6 Europe Solar Micro Inverter by Country
6.1 Europe Solar Micro Inverter Historic Market Size by Country
6.1.1 Europe Solar Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Micro Inverter Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Micro Inverter Sales in Value by Country (2018-2023)
6.2 Europe Solar Micro Inverter Forecasted Market Size by Country
6.2.1 Europe Solar Micro Inverter Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Micro Inverter Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Micro Inverter by Region
7.1 Asia-Pacific Solar Micro Inverter Historic Market Size by Region
7.1.1 Asia-Pacific Solar Micro Inverter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Micro Inverter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Micro Inverter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Micro Inverter Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Micro Inverter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Micro Inverter Sales in Value by Region (2024-2029)
8 Latin America Solar Micro Inverter by Country
8.1 Latin America Solar Micro Inverter Historic Market Size by Country
8.1.1 Latin America Solar Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Micro Inverter Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Micro Inverter Sales in Value by Country (2018-2023)
8.2 Latin America Solar Micro Inverter Forecasted Market Size by Country
8.2.1 Latin America Solar Micro Inverter Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Micro Inverter Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Micro Inverter by Country
9.1 Middle East and Africa Solar Micro Inverter Historic Market Size by Country
9.1.1 Middle East and Africa Solar Micro Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Micro Inverter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Micro Inverter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Micro Inverter Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Micro Inverter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar 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 Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Solar Micro Inverter Products Offered
10.1.5 ABB Recent Development
10.2 Enphase Energy
10.2.1 Enphase Energy Company Information
10.2.2 Enphase Energy Introduction and Business Overview
10.2.3 Enphase Energy Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Enphase Energy Solar Micro Inverter Products Offered
10.2.5 Enphase Energy Recent Development
10.3 SMA Solar Technology
10.3.1 SMA Solar Technology Company Information
10.3.2 SMA Solar Technology Introduction and Business Overview
10.3.3 SMA Solar Technology Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 SMA Solar Technology Solar Micro Inverter Products Offered
10.3.5 SMA Solar Technology 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 Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SolarEdge Technologies Solar Micro Inverter Products Offered
10.4.5 SolarEdge Technologies Recent Development
10.5 SunPower Corp
10.5.1 SunPower Corp Company Information
10.5.2 SunPower Corp Introduction and Business Overview
10.5.3 SunPower Corp Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 SunPower Corp Solar Micro Inverter Products Offered
10.5.5 SunPower Corp Recent Development
10.6 APS
10.6.1 APS Company Information
10.6.2 APS Introduction and Business Overview
10.6.3 APS Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 APS Solar Micro Inverter Products Offered
10.6.5 APS Recent Development
10.7 Chilicon Power
10.7.1 Chilicon Power Company Information
10.7.2 Chilicon Power Introduction and Business Overview
10.7.3 Chilicon Power Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Chilicon Power Solar Micro Inverter Products Offered
10.7.5 Chilicon Power Recent Development
10.8 Cybo Energy
10.8.1 Cybo Energy Company Information
10.8.2 Cybo Energy Introduction and Business Overview
10.8.3 Cybo Energy Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Cybo Energy Solar Micro Inverter Products Offered
10.8.5 Cybo Energy Recent Development
10.9 iEnergy
10.9.1 iEnergy Company Information
10.9.2 iEnergy Introduction and Business Overview
10.9.3 iEnergy Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 iEnergy Solar Micro Inverter Products Offered
10.9.5 iEnergy Recent Development
10.10 Involar
10.10.1 Involar Company Information
10.10.2 Involar Introduction and Business Overview
10.10.3 Involar Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Involar Solar Micro Inverter Products Offered
10.10.5 Involar Recent Development
10.11 LeadSolar
10.11.1 LeadSolar Company Information
10.11.2 LeadSolar Introduction and Business Overview
10.11.3 LeadSolar Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.11.4 LeadSolar Solar Micro Inverter Products Offered
10.11.5 LeadSolar Recent Development
10.12 ReneSola
10.12.1 ReneSola Company Information
10.12.2 ReneSola Introduction and Business Overview
10.12.3 ReneSola Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.12.4 ReneSola Solar Micro Inverter Products Offered
10.12.5 ReneSola Recent Development
10.13 Sparq Systems
10.13.1 Sparq Systems Company Information
10.13.2 Sparq Systems Introduction and Business Overview
10.13.3 Sparq Systems Solar Micro Inverter Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Sparq Systems Solar Micro Inverter Products Offered
10.13.5 Sparq Systems Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar 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 Solar Micro Inverter Industrial Chain Analysis
11.4 Solar Micro Inverter Market Dynamics
11.4.1 Solar Micro Inverter Industry Trends
11.4.2 Solar Micro Inverter Market Drivers
11.4.3 Solar Micro Inverter Market Challenges
11.4.4 Solar Micro Inverter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Micro Inverter Distributors
12.3 Solar 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
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