Micro Inverter Market Size, Industry Share & Trends

Request Methodology

Micro Inverter Market Outlook (2022 to 2032)

The global micro inverter market size touched a valuation of US$ 1.59 Billion in 2021 and is likely to reach US$ 3 Billion by 2028. Moreover, with rising investments in renewable power generation technologies to counter power crises and growing awareness about the technical advantages of micro inverters over other conventional solar inverters, the overall micro inverter sales are slated to rise at an impressive CAGR of 9.6% during the forecast period between 2022 and 2032, totaling over US$ 4.36 Billion by the end of 2032.

Attribute	Details
Micro Inverter Market Estimated Size in 2021	US$ 1.59 Billion
Micro Inverter Market Size (2028)	US$ 3 Billion
Micro Inverter Market Projected Size in Market Size (2032)	US$ 4.36 Billion
Micro Inverter Market Value-based CAGR (2022 to 2032)	9.6%

A micro inverter is a miniaturized inverter designed for individual solar panels rather than a string of solar modules. This plug-and-play device is mostly used in photovoltaics to convert the direct current (DC) generated by a simple solar module into an alternative current (AC). It offers various benefits including simple installation procedures, better optimization, design flexibility, and improved safety. Further, it helps to produce optimal power by performing maximum power point tracking (MPPT) for the connected module.

Growing concerns regarding the depletion of fossil fuels along with the rise in emission levels are prompting people to use alternative energy technologies such as solar panels. As micro inverters form an integral part of solar energy systems, a rise in the number of solar panel installations will eventually boost micro inverter sales.

Similarly, there has been a rapid surge in power consumption across the world due to urbanization, industrialization, and improved standard of living. According to the International Energy Agency’s (IEAs) latest report, there was a 5% rise in electricity demand in 2021. In order to get a continuous and uninterrupted supply of electricity as well as reduce bills, households use solar micro inverters, thereby fostering the growth of the micro inverter market.

Advancements in micro inverter technology coupled with increasing usage of solar panels with built-in micro inverters will further expand the global micro inverter market size in the future.

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

2015 to 2021 Global Micro Inverter Market Outlook Compared To 2022 to 2032 Forecast

The global demand for micro inverters is projected to grow at a healthy CAGR of 9.6% during the forecast period between 2022 and 2032, reaching around US$ 4.36 Billion by 2032. Growth in the micro inverter market is driven by the increasing power crisis worldwide, a rise in the number of roof-top solar installations and power backup systems in households, the rising government initiates and investments to strengthen renewable energy infrastructure, innovations in micro inverter technologies, and growing concerns about depletion of fossil fuels.

Micro inverters have become an indispensable part of solar energy systems. They convert the direct current generated by photovoltaic cells (PV cells) into alternating current, which the electrical grid uses. Rising adoption of solar panels across residential and commercial sectors will therefore continue to push the demand for micro inverters dyeing the forecast period. According to a report published by the World Economic Forum, it is estimated that the world will add 70,000 solar panels every hour in the next 5 years.

Consequently, the depletion of fossil fuels at an alarming pace and growing environmental concerns regarding the increasing carbon emission levels will drive the micro inverter market in the future. Besides this, the introduction of advanced and reliable micro inverters that can disseminate high power output and perform multiple applications is expected to create opportunities for micro inverter manufacturers.

Regionally, North America, spearheaded by the USA, is emerging as a promising market for micro inverters owing to the presence of leading market players like Enphase Energy, increasing government investments in expanding solar infrastructure, and availability of advanced micro inverter products.

Over the years, Enphase Energy has made a strong base across major North American countries like the United States and Canada. Most of the people residing in these countries prefer to use Enphase micro inverters like Enphase Iq7 and Enphase IQ8+ as they are more reliable and comply with government standards.

Which Factors Are Limiting the Growth of the Micro Inverter Market?

Despite positive growth projections, the global micro inverter market is facing various challenges that are limiting its growth to a large extent. Some of these factors include high installation costs of solar panels and increased use of string inverters.

Country-wise Insights

What is the United Kingdom Considered a Prominent Micro Inverter Market?

Looming Power Crisis Creating Space for Micro Inverter Market Growth in the United Kingdom

As per FMI, the USA will continue to remain the most lucrative market for micro inverters across Europe, owing to the growing adoption of green technologies, increasing investments in renewable energy infrastructure, rising demand for solar inverters, escalating power crisis, favorable government support, and booming solar panel micro-inverter market.

Growing concerns about the depleting fossil fuels and increasing incidence of power outage across the United Kingdom is prompting people and the government to invest in greener technologies like solar panels and solar micro inverters, which in turn is creating a conducive environment for the growth of micro inverter market.

What is the Demand Outlook for the Japan Micro Inverter Market?

Growing Solar Energy Market Fueling the Demand for Micro Inverters in Japan

With the rapid transition towards renewable energy resources, robust urbanization, the growing popularity of PV inverters, and the heavy presence of leading micro inverter manufacturers, the micro inverter market in Japan is set to grow at a robust pace during the forecast period between 2022 and 2032.

People in Japan are increasingly installing solar panels on the rooftops of their houses, commercial buildings, and farms as a source of electricity. This will continue to provide a strong thrust to the micro inverter market across the country during the forecast period.

Similarly, advancements in solar energy technologies and the availability of reliable micro inverters will further boost the micro inverter market growth in the country.

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Category-wise Insights

Based on Phase, Which is the Most Commonly Used Micro Inverter?

Single Phase Micro Inverter Remains a Highly Sought-After Power Electronic Device

According to Future Market Insights, the single-phase micro inverters segment will continue to dominate the global micro inverter market, accounting for around 90% revenue share in 2022.

Over the years, single-phase micro inverters have become the most commonly used power electronic device in commercial and residential buildings as they comply with a wide range of standards. These micro inverters enable users to save money by just using one unit instead of two or more.

By Connectivity, Which Segment Contributed Most to the Global Micro Inverter Market Growth?

Demand for Standalone Micro Inverters to Grow at a Higher Pace

Emerging micro inverter market trends indicate that the standalone micro inverter segment will grow at a relatively higher CAGR during the forecast period, owing to their compact size and ability to be installed in remote areas without grid connectivity. In fact, they have become highly sought-after products in residential buildings.

On the other hand, sales of on-grid micro inverters are also expected to rise at a significant pace as a result of their greater flexibility and higher energy conversion ratios. The segment accounted for US$ 1.1 Billion in 2021.

What Application Hold Maximum Potential for Micro Inverter Market Growth?

Majority of the Micro Inverter Sales Remain Coventrated in the Residential Sector

Based on application, the global micro inverter market is segmented into residential and commercial. Among these, the residential segment will grow at the highest CAGR during the forecast period, owing to the increased usage of both on-grid and off-grid solar panels with micro-inverters built-in by residential units across the world.

Frequent power outages and rising electricity costs are prompting people to adopt electronic power products like micro inverters in their homes. Similarly, rapid urbanization and growing awareness among people about the benefits of micro inverters will further boost segment growth in the future. A robust CAGR of 9.4% has been predicted for the residential segment by FMI.

Competitive Landscape

Leading micro inverter manufacturers are continuously adopting various strategies such as new product launches, partnerships, acquisitions, collaborations, mergers, price reduction, and strengthening of distribution channels to gain a competitive edge in the global micro inverter market. Further, they are putting various efforts to educate people about the advantages of using clean energy technologies on the environment.

For instance:

In October 2021, Enphase Energy, the USA based micro-inverter manufacturer, launched Enphase IQ8+, the industry’s first microgrid-forming microinverter capable of forming a microgrid during a power outage using only sunlight, providing backup power even without a battery.
In 2021, Generac acquired Chilicon Power, a designer, and provider of grid-interactive microinverter and monitoring solutions for the solar market.
In June 2021, Yotta Energy, a cutting-edge energy storage solutions provider, partnered with APsystems.

Micro Inverter Market Report Scope

FMI’s latest report uncovers key investment pockets within the global micro inverter market. It provides an in-depth analysis of consumer demands, growth drivers, restraints, and emerging opportunities that somehow affect the market dynamics.

The study offers inclusive details about emerging micro inverter market trends. It illustrates how unscheduled power cuts and rising electricity costs are influencing micro inverter sales.

FMI also offers exhaustive research into factors pushing demand for micro inverters across developed and developing regions. It attempts to explore the growth potential of regions with power outages.

The report breaks down the market into various segments based on phase, connectivity, application, and region, and highlights the leading market segments as well. Besides this, it explains how the growing popularity of power inverters will impact the micro inverter market growth.

The Micro Inverter Market analysis includes:

A 10-year realistic micro inverter sales forecast across several verticals
Demand and supply conditions of the micro inverter market
Insights into factors affecting the micro inverter market growth in the short run and long run
Key micro inverter market trends and Future prospects
Leading micro inverter manufacturers and their competitive position in the global micro inverter market
Detailed analysis of regional pockets along with the degree of market penetration
Impact of rising electricity costs on micro inverter market forecast.
Exclusive recommendations on how to penetrate attractive markets in Asia, Africa, and others.
The winning imperatives in the micro inverter market.
Pricing analysis

Attribute	Details
Projected Market Value (2032)	US$ 4.36 Billion
Estimated Growth Rate (2032)	9.6%
Forecast Period	2022 to 2032
Historic Data Available for	2015 to 2021
Market Analysis	USD Million for Value
Report Coverage	Market forecast, company share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, market dynamics and challenges, and strategic growth initiatives
Key Segments Covered	Phase Connectivity Application Region
Key regions covered	North America USA Canada Rest of North America Latin America Brazil Argentina Mexico Rest of Latin America Western Europe Germany United Kingdom France Rest of Western Europe Eastern Europe Russia Spain Rest of Eastern Europe South Asia Pacific China India Japan Malaysia Thailand Indonesia South Korea Rest of South Asia &Pacific Middle East & Africa GCC Countries Turkey Israel Rest of the Middle East and Africa(MEA) Rest of the World Oceania Africa South America
Application	Residential Commercial
Key companies profiled	Darfon Electronics Corp., Siemens, Solar Edge Technologies, Inc., Alternative Power System, Inc., Enphase Energy, Sensata Technologies, Inc., TMEIC, Fimer Group, Chilicon Power, LLC, AEconversion GmbH & Co. KG, Sparq Systems, Yotta Energy
Customization & pricing	Available upon request

Key Segments

By Phase:

Single Phase
Three Phase

By Connectivity:

Standalone
On-grid

By Application:

Residential
Commercial

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)

Frequently Asked Questions

What was the Historical Size of the micro inverter market?

The global micro inverter market was valued at US$ 1.59 Billion in 2021.

What is the demand outlook for the global micro inverter market?

As per FMI, the global micro inverter market is likely to grow at 9.6% CAGR during the forecast period (2022 to 2032).

What is the projected valuation for micro inverter market by 2032?

The micro inverter market is projected to reach a valuation of US$ 4.36 Billion by 2032.

Which region holds the largest share of the global micro inverter market?

Europe accounts for the largest revenue share of the global micro inverter market.

Who are the leading micro inverter manufacturers?

Darfon Electronics Corp., Siemens, Enphase Energy, Solar Edge Technologies, Inc., Alternative Power System, Inc., TMEIC, Fimer Group, and Chilicon Power, LLC are some of the prominent micro inverter manufacturers.

Table of Content

1. Executive Summary | Micro Inverter Market

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Demand

3.1.2. COVID-19 Impact Benchmark with Previous Crisis

3.1.3. Impact on Market Value (US$ Million)

3.1.4. Assessment by Key Countries

3.1.5. Assessment by Key Market Segments

3.1.6. Action Points and Recommendation for Suppliers

3.2. Key Trends Impacting the Market

3.3. Formulation and Product Development Trends

4. Market Background and Foundation Data Points

4.1. Market, By Key Countries

4.2. Market Opportunity Assessment (US$ Million)

4.2.1. Total Available Market

4.2.2. Serviceable Addressable Market

4.2.3. Serviceable Obtainable Market

4.3. Market Scenario Forecast

4.3.1. Demand in Optimistic Scenario

4.3.2. Demand in Likely Scenario

4.3.3. Demand in Conservative Scenario

4.4. Investment Feasibility Analysis

4.4.1. Investment in Established Markets

4.4.1.1. In Short Term

4.4.1.2. In Long Term

4.4.2. Investment in Emerging Markets

4.4.2.1. In Short Term

4.4.2.2. In Long Term

4.5. Forecast Factors - Relevance & Impact

4.5.1. Top Companies Historical Growth

4.5.2. Global Market Growth

4.5.3. Adoption Rate, By Country

4.6. Market Dynamics

4.6.1. Market Driving Factors and Impact Assessment

4.6.2. Prominent Market Challenges and Impact Assessment

4.6.3. Market Opportunities

4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors

5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

5.2. Banking on with Segments High Incremental Opportunity

5.3. Peer Benchmarking

6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032

6.1. Historical Market Analysis, 2015 to 2021

6.2. Current and Future Market Projections, 2022 to 2032

6.3. Y-o-Y Growth Trend Analysis

7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032

7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021

7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

7.2.1. Y-o-Y Growth Trend Analysis

7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Phase

8.1. Introduction / Key Findings

8.2. Historical Market Size (US$ Million) Analysis By Phase, 2015 to 2021

8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Phase, 2022 to 2032

8.3.1. Single Phase

8.3.2. Three Phase

8.4. Market Attractiveness Analysis By Phase

9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Connectivity

9.1. Introduction / Key Findings

9.2. Historical Market Size (US$ Million) Analysis By Connectivity, 2015 to 2021

9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Connectivity, 2022 to 2032

9.3.1. Standalone

9.3.2. On-grid

9.4. Market Attractiveness Analysis By Connectivity

10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application

10.1. Introduction / Key Findings

10.2. Historical Market Size (US$ Million) Analysis By Application, 2015 to 2021

10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Application, 2022 to 2032

10.3.1. Residential

10.3.2. Commercial

10.4. Market Attractiveness Analysis By Application

11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region

11.1. Introduction

11.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021

11.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032

11.3.1. North America

11.3.2. Latin America

11.3.3. Europe

11.3.4. Asia Pacific

11.3.5. Middle East and Africa (MEA)

11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032

12.1. Introduction

12.2. Pricing Analysis

12.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

12.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

12.4.1. By Country

12.4.1.1. USA

12.4.1.2. Canada

12.4.1.3. Rest of North America

12.4.2. By Phase

12.4.3. By Application

12.4.4. By Connectivity

12.5. Market Attractiveness Analysis

12.5.1. By Country

12.5.2. By Phase

12.5.3. By Application

12.5.4. By Connectivity

13. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032

13.1. Introduction

13.2. Pricing Analysis

13.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

13.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

13.4.1. By Country

13.4.1.1. Brazil

13.4.1.2. Mexico

13.4.1.3. Rest of Latin America

13.4.2. By Phase

13.4.3. By Application

13.4.4. By Connectivity

13.5. Market Attractiveness Analysis

13.5.1. By Country

13.5.2. By Phase

13.5.3. By Application

13.5.4. By Connectivity

14. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032

14.1. Introduction

14.2. Pricing Analysis

14.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

14.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

14.4.1. By Country

14.4.1.1. Germany

14.4.1.2. France

14.4.1.3. United Kingdom

14.4.1.4. Italy

14.4.1.5. Benelux

14.4.1.6. Nordic Countries

14.4.1.7. Rest of Europe

14.4.2. By Phase

14.4.3. By Application

14.4.4. By Connectivity

14.5. Market Attractiveness Analysis

14.5.1. By Country

14.5.2. By Phase

14.5.3. By Application

14.5.4. By Connectivity

15. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032

15.1. Introduction

15.2. Pricing Analysis

15.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

15.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

15.4.1. By Country

15.4.1.1. China

15.4.1.2. Japan

15.4.1.3. South Korea

15.4.1.4. Rest of Asia Pacific

15.4.2. By Phase

15.4.3. By Application

15.4.4. By Connectivity

15.5. Market Attractiveness Analysis

15.5.1. By Country

15.5.2. By Phase

15.5.3. By Application

15.5.4. By Connectivity

16. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032

16.1. Introduction

16.2. Pricing Analysis

16.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

16.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

16.4.1. By Country

16.4.1.1. GCC Countries

16.4.1.2. South Africa

16.4.1.3. Turkey

16.4.1.4. Rest of Middle East and Africa

16.4.2. By Phase

16.4.3. By Application

16.4.4. By Connectivity

16.5. Market Attractiveness Analysis

16.5.1. By Country

16.5.2. By Phase

16.5.3. By Application

16.5.4. By Connectivity

17. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032

17.1. Introduction

17.1.1. Market Value Proportion Analysis, By Key Countries

17.1.2. Global Vs. Country Growth Comparison

17.2. USA Market Analysis

17.2.1. Value Proportion Analysis by Market Taxonomy

17.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.2.2.1. By Phase

17.2.2.2. By Application

17.2.2.3. By Connectivity

17.3. Canada Market Analysis

17.3.1. Value Proportion Analysis by Market Taxonomy

17.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.3.2.1. By Phase

17.3.2.2. By Application

17.3.2.3. By Connectivity

17.4. Mexico Market Analysis

17.4.1. Value Proportion Analysis by Market Taxonomy

17.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.4.2.1. By Phase

17.4.2.2. By Application

17.4.2.3. By Connectivity

17.5. Brazil Market Analysis

17.5.1. Value Proportion Analysis by Market Taxonomy

17.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.5.2.1. By Phase

17.5.2.2. By Application

17.5.2.3. By Connectivity

17.6. Germany Market Analysis

17.6.1. Value Proportion Analysis by Market Taxonomy

17.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.6.2.1. By Phase

17.6.2.2. By Application

17.6.2.3. By Connectivity

17.7. France Market Analysis

17.7.1. Value Proportion Analysis by Market Taxonomy

17.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.7.2.1. By Phase

17.7.2.2. By Application

17.7.2.3. By Connectivity

17.8. Italy Market Analysis

17.8.1. Value Proportion Analysis by Market Taxonomy

17.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.8.2.1. By Phase

17.8.2.2. By Application

17.8.2.3. By Connectivity

17.9. BENELUX Market Analysis

17.9.1. Value Proportion Analysis by Market Taxonomy

17.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.9.2.1. By Phase

17.9.2.2. By Application

17.9.2.3. By Connectivity

17.10. UK Market Analysis

17.10.1. Value Proportion Analysis by Market Taxonomy

17.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.10.2.1. By Phase

17.10.2.2. By Application

17.10.2.3. By Connectivity

17.11. Nordic Countries Market Analysis

17.11.1. Value Proportion Analysis by Market Taxonomy

17.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.11.2.1. By Phase

17.11.2.2. By Application

17.11.2.3. By Connectivity

17.12. China Market Analysis

17.12.1. Value Proportion Analysis by Market Taxonomy

17.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.12.2.1. By Phase

17.12.2.2. By Application

17.12.2.3. By Connectivity

17.13. Japan Market Analysis

17.13.1. Value Proportion Analysis by Market Taxonomy

17.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.13.2.1. By Phase

17.13.2.2. By Application

17.13.2.3. By Connectivity

17.14. South Korea Market Analysis

17.14.1. Value Proportion Analysis by Market Taxonomy

17.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.14.2.1. By Phase

17.14.2.2. By Application

17.14.2.3. By Connectivity

17.15. GCC Countries Market Analysis

17.15.1. Value Proportion Analysis by Market Taxonomy

17.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.15.2.1. By Phase

17.15.2.2. By Application

17.15.2.3. By Connectivity

17.16. South Africa Market Analysis

17.16.1. Value Proportion Analysis by Market Taxonomy

17.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.16.2.1. By Phase

17.16.2.2. By Application

17.16.2.3. By Connectivity

17.17. Turkey Market Analysis

17.17.1. Value Proportion Analysis by Market Taxonomy

17.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

17.17.2.1. By Phase

17.17.2.2. By Application

17.17.2.3. By Connectivity

17.17.3. Competition Landscape and Player Concentration in the Country

18. Market Structure Analysis

18.1. Market Analysis by Tier of Companies

18.2. Market Concentration

18.3. Market Share Analysis of Top Players

18.4. Market Presence Analysis

18.4.1. By Regional Footprint of Players

18.4.2. Product Footprint by Players

19. Competition Analysis

19.1. Competition Dashboard

19.2. Competition Benchmarking

19.3. Competition Deep Dive

19.3.1. SMA Solar Technology AG

19.3.1.1. Overview

19.3.1.2. Product Portfolio

19.3.1.3. Sales Footprint

19.3.1.4. Strategy Overview

19.3.2. Darfon Electronics Corp.

19.3.2.1. Overview

19.3.2.2. Product Portfolio

19.3.2.3. Sales Footprint

19.3.2.4. Strategy Overview

19.3.3. Siemens

19.3.3.1. Overview

19.3.3.2. Product Portfolio

19.3.3.3. Sales Footprint

19.3.3.4. Strategy Overview

19.3.4. Enphase Energy

19.3.4.1. Overview

19.3.4.2. Product Portfolio

19.3.4.3. Sales Footprint

19.3.4.4. Strategy Overview

19.3.5. SolarEdge Technologies, Inc.

19.3.5.1. Overview

19.3.5.2. Product Portfolio

19.3.5.3. Sales Footprint

19.3.5.4. Strategy Overview

19.3.6. Altenergy Power System, Inc.

19.3.6.1. Overview

19.3.6.2. Product Portfolio

19.3.6.3. Sales Footprint

19.3.6.4. Strategy Overview

19.3.7. TMEIC

19.3.7.1. Overview

19.3.7.2. Product Portfolio

19.3.7.3. Sales Footprint

19.3.7.4. Strategy Overview

19.3.8. Fimer Group

19.3.8.1. Overview

19.3.8.2. Product Portfolio

19.3.8.3. Sales Footprint

19.3.8.4. Strategy Overview

19.3.9. Chilicon Power, LLC

19.3.9.1. Overview

19.3.9.2. Product Portfolio

19.3.9.3. Sales Footprint

19.3.9.4. Strategy Overview

19.3.10. AEconversion GmbH & Co. KG

19.3.10.1. Overview

19.3.10.2. Product Portfolio

19.3.10.3. Sales Footprint

19.3.10.4. Strategy Overview

19.3.11. Sensata Technologies, Inc.

19.3.11.1. Overview

19.3.11.2. Product Portfolio

19.3.11.3. Sales Footprint

19.3.11.4. Strategy Overview

19.3.12. Northern Electric Power Technology Inc.

19.3.12.1. Overview

19.3.12.2. Product Portfolio

19.3.12.3. Sales Footprint

19.3.12.4. Strategy Overview

19.3.13. Sparq Systems

19.3.13.1. Overview

19.3.13.2. Product Portfolio

19.3.13.3. Sales Footprint

19.3.13.4. Strategy Overview

19.3.14. Yotta Energy

19.3.14.1. Overview

19.3.14.2. Product Portfolio

19.3.14.3. Sales Footprint

19.3.14.4. Strategy Overview

20. Assumptions and Acronyms Used

21. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million), By Phase, 2015 to 2021

Table 2: Global Market Value (US$ Million), By Phase, 2022 to 2032

Table 3: Global Market Value (US$ Million), By Application, 2015 to 2021

Table 4: Global Market Value (US$ Million), By Application, 2022 to 2032

Table 5: Global Market Value (US$ Million), By Connectivity, 2015 to 2021

Table 6: Global Market Value (US$ Million), By Connectivity, 2022 to 2032

Table 7: Global Market, By Region, 2015 to 2021

Table 8: Global Market, By Region, 2022 to 2032

Table 9: North America Market Value (US$ Million), By Phase, 2015 to 2021

Table 10: North America Market Value (US$ Million), By Phase, 2022 to 2032

Table 11: North America Market Value (US$ Million), By Application, 2015 to 2021

Table 12: North America Market Value (US$ Million), By Application, 2022 to 2032

Table 13: North America Market Value (US$ Million), By Connectivity, 2015 to 2021

Table 14: North America Market Value (US$ Million), By Connectivity, 2022 to 2032

Table 15: North America Market, By Country, 2015 to 2021

Table 16: North America Market, By Country, 2022 to 2032

Table 17: Latin America Market Value (US$ Million), By Phase, 2015 to 2021

Table 18: Latin America Market Value (US$ Million), By Phase, 2022 to 2032

Table 19: Latin America Market Value (US$ Million), By Application, 2015 to 2021

Table 20: Latin America Market Value (US$ Million), By Application, 2022 to 2032

Table 21: Latin America Market Value (US$ Million), By Connectivity, 2015 to 2021

Table 22: Latin America Market Value (US$ Million), By Connectivity, 2022 to 2032

Table 23: Latin America Market, By Country, 2015 to 2021

Table 24: Latin America Market, By Country, 2022 to 2032

Table 25: Europe Market Value (US$ Million), By Phase, 2015 to 2021

Table 26: Europe Market Value (US$ Million), By Phase, 2022 to 2032

Table 27: Europe Market Value (US$ Million), By Application, 2015 to 2021

Table 28: Europe Market Value (US$ Million), By Application, 2022 to 2032

Table 29: Europe Market Value (US$ Million), By Connectivity, 2015 to 2021

Table 30: Europe Market Value (US$ Million), By Connectivity, 2022 to 2032

Table 31: Europe Market, By Country, 2015 to 2021

Table 32: Europe Market, By Country, 2022 to 2032

Table 33: Asia Pacific Market Value (US$ Million), By Phase, 2015 to 2021

Table 34: Asia Pacific Market Value (US$ Million), By Phase, 2022 to 2032

Table 35: Asia Pacific Market Value (US$ Million), By Application, 2015 to 2021

Table 36: Asia Pacific Market Value (US$ Million), By Application, 2022 to 2032

Table 37: Asia Pacific Market Value (US$ Million), By Connectivity, 2015 to 2021

Table 38: Asia Pacific Market Value (US$ Million), By Connectivity, 2022 to 2032

Table 39: Asia Pacific Market, By Country, 2015 to 2021

Table 40: Asia Pacific Market, By Country, 2022 to 2032

Table 41: MEA Market Value (US$ Million), By Phase, 2015 to 2021

Table 42: MEA Market Value (US$ Million), By Phase, 2022 to 2032

Table 43: MEA Market Value (US$ Million), By Application, 2015 to 2021

Table 44: MEA Market Value (US$ Million), By Application, 2022 to 2032

Table 45: MEA Market Value (US$ Million), By Connectivity, 2015 to 2021

Table 46: MEA Market Value (US$ Million), By Connectivity, 2022 to 2032

Table 47: MEA Market, By Country, 2015 to 2021

Table 48: MEA Market, By Country, 2022 to 2032

Table 49: Global Market Incremental $ Opportunity, By Phase, 2015 to 2021

Table 50: Global Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 51: Global Market Incremental $ Opportunity, By Connectivity, 2015 to 2021

Table 52: Global Market Incremental $ Opportunity, By Region, 2022 to 2032

Table 53: North America Market Incremental $ Opportunity, By Phase, 2015 to 2021

Table 54: North America Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 55: North America Market Incremental $ Opportunity, By Connectivity, 2015 to 2021

Table 56: North America Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 57: Latin America Market Incremental $ Opportunity, By Phase, 2015 to 2021

Table 58: Latin America Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 59: Latin America Market Incremental $ Opportunity, By Connectivity, 2015 to 2021

Table 60: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 61: Europe Market Incremental $ Opportunity, By Phase, 2015 to 2021

Table 62: Europe Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 63: Europe Market Incremental $ Opportunity, By Connectivity, 2015 to 2021

Table 64: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 65: Asia Pacific Market Incremental $ Opportunity, By Phase, 2015 to 2021

Table 66: Asia Pacific Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 67: Asia Pacific Market Incremental $ Opportunity, By Connectivity, 2015 to 2021

Table 68: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 69: MEA Market Incremental $ Opportunity, By Phase, 2015 to 2021

Table 70: MEA Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 71: MEA Market Incremental $ Opportunity, By Connectivity, 2015 to 2021

Table 72: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032

List of Charts

Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015-2032

Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million

Figure 3: Global Market Share, By Phase, 2022 & 2032

Figure 4: Global Market Y-o-Y Growth Projections, By Phase – 2022 to 2032

Figure 5: Global Market Attractiveness Index, By Phase – 2022 to 2032

Figure 6: Global Market Share, By Application, 2022 & 2032

Figure 7: Global Market Y-o-Y Growth Projections, By Application – 2022 to 2032

Figure 8: Global Market Attractiveness Index, By Application – 2022 to 2032

Figure 9: Global Market Share, By Connectivity, 2022 & 2032

Figure 10: Global Market Y-o-Y Growth Projections, By Connectivity – 2022 to 2032

Figure 11: Global Market Attractiveness Index, By Connectivity – 2022 to 2032

Figure 12: Global Market Share, By Region, 2022 & 2032

Figure 13: Global Market Y-o-Y Growth Projections, By Region – 2022 to 2032

Figure 14: Global Market Attractiveness Index, By Region – 2022 to 2032

Figure 15: North America Market Value (US$ Million) and Year-on-Year Growth, 2015-2032

Figure 16: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 17: North America Market Share, By Phase, 2022 & 2032

Figure 18: North America Market Y-o-Y Growth Projections, By Phase – 2022 to 2032

Figure 19: North America Market Attractiveness Index, By Phase – 2022 to 2032

Figure 20: North America Market Share, By Application, 2022 & 2032

Figure 21: North America Market Y-o-Y Growth Projections, By Application – 2022 to 2032

Figure 22: North America Market Attractiveness Index, By Application – 2022 to 2032

Figure 23: North America Market Share, By Connectivity, 2022 & 2032

Figure 24: North America Market Y-o-Y Growth Projections, By Connectivity – 2022 to 2032

Figure 25: North America Market Attractiveness Index, By Connectivity – 2022 to 2032

Figure 26: North America Market Share, By Country, 2022 & 2032

Figure 27: North America Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 28: North America Market Attractiveness Index, By Country – 2022 to 2032

Figure 29: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015-2032

Figure 30: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 31: Latin America Market Share, By Phase, 2022 & 2032

Figure 32: Latin America Market Y-o-Y Growth Projections, By Phase – 2022 to 2032

Figure 33: Latin America Market Attractiveness Index, By Phase – 2022 to 2032

Figure 34: Latin America Market Share, By Application, 2022 & 2032

Figure 35: Latin America Market Y-o-Y Growth Projections, By Application – 2022 to 2032

Figure 36: Latin America Market Attractiveness Index, By Application – 2022 to 2032

Figure 37: Latin America Market Share, By Connectivity, 2022 & 2032

Figure 38: Latin America Market Y-o-Y Growth Projections, By Connectivity – 2022 to 2032

Figure 39: Latin America Market Attractiveness Index, By Connectivity – 2022 to 2032

Figure 40: Latin America Market Share, By Country, 2022 & 2032

Figure 41: Latin America Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 42: Latin America Market Attractiveness Index, By Country – 2022 to 2032

Figure 43: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015-2032

Figure 44: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 45: Europe Market Share, By Phase, 2022 & 2032

Figure 46: Europe Market Y-o-Y Growth Projections, By Phase – 2022 to 2032

Figure 47: Europe Market Attractiveness Index, By Phase – 2022 to 2032

Figure 48: Europe Market Share, By Application, 2022 & 2032

Figure 49: Europe Market Y-o-Y Growth Projections, By Application – 2022 to 2032

Figure 50: Europe Market Attractiveness Index, By Application – 2022 to 2032

Figure 51: Europe Market Share, By Connectivity, 2022 & 2032

Figure 52: Europe Market Y-o-Y Growth Projections, By Connectivity – 2022 to 2032

Figure 53: Europe Market Attractiveness Index, By Connectivity – 2022 to 2032

Figure 54: Europe Market Share, By Country, 2022 & 2032

Figure 55: Europe Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 56: Europe Market Attractiveness Index, By Country – 2022 to 2032

Figure 57: MEA Market Value (US$ Million) and Year-on-Year Growth, 2015-2032

Figure 58: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 59: MEA Market Share, By Phase, 2022 & 2032

Figure 60: MEA Market Y-o-Y Growth Projections, By Phase – 2022 to 2032

Figure 61: MEA Market Attractiveness Index, By Phase – 2022 to 2032

Figure 62: MEA Market Share, By Application, 2022 & 2032

Figure 63: MEA Market Y-o-Y Growth Projections, By Application – 2022 to 2032

Figure 64: MEA Market Attractiveness Index, By Application – 2022 to 2032

Figure 65: MEA Market Share, By Connectivity, 2022 & 2032

Figure 66: MEA Market Y-o-Y Growth Projections, By Connectivity – 2022 to 2032

Figure 67: MEA Market Attractiveness Index, By Connectivity – 2022 to 2032

Figure 68: MEA Market Share, By Country, 2022 & 2032

Figure 69: MEA Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 70: MEA Market Attractiveness Index, By Country – 2022 to 2032

Figure 71: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2030

Figure 72: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 73: Asia Pacific Market Share, By Phase, 2022 & 2032

Figure 74: Asia Pacific Market Y-o-Y Growth Projections, By Phase – 2022 to 2032

Figure 75: Asia Pacific Market Attractiveness Index, By Phase – 2022 to 2032

Figure 76: Asia Pacific Market Share, By Application, 2022 & 2032

Figure 77: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2022 to 2032

Figure 78: Asia Pacific Market Attractiveness Index, By Application – 2022 to 2032

Figure 79: Asia Pacific Market Share, By Connectivity, 2022 & 2032

Figure 80: Asia Pacific Market Y-o-Y Growth Projections, By Connectivity – 2022 to 2032

Figure 81: Asia Pacific Market Attractiveness Index, By Connectivity – 2022 to 2032

Figure 82: Asia Pacific Market Share, By Country, 2022 & 2032

Figure 83: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2022 to 2032

Figure 84: Asia Pacific Market Attractiveness Index, By Country – 2022 to 2032

Figure 85: USA Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 86: USA Market Share, By Phase, 2021

Figure 87: USA Market Share, By Application, 2021

Figure 88: USA Market Share, By Connectivity, 2021

Figure 89: Canada Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 90: Canada Market Share, By Phase, 2021

Figure 91: Canada Market Share, By Application, 2021

Figure 92: Canada Market Share, By Connectivity, 2021

Figure 93: Brazil Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 94: Brazil Market Share, By Phase, 2021

Figure 95: Brazil Market Share, By Application, 2021

Figure 96: Brazil Market Share, By Connectivity, 2021

Figure 97: Mexico Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 98: Mexico Market Share, By Phase, 2021

Figure 99: Mexico Market Share, By Application, 2021

Figure 100: Mexico Market Share, By Connectivity, 2021

Figure 101: Germany Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 102: Germany Market Share, By Phase, 2021

Figure 103: Germany Market Share, By Application, 2021

Figure 104: Germany Market Share, By Connectivity, 2021

Figure 105: United Kingdom Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 106: United Kingdom Market Share, By Phase, 2021

Figure 107: United Kingdom Market Share, By Application, 2021

Figure 108: United Kingdom Market Share, By Connectivity, 2021

Figure 109: France Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 110: France Market Share, By Phase, 2021

Figure 111: France Market Share, By Application, 2021

Figure 112: France Market Share, By Connectivity, 2021

Figure 113: Italy Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 114: Italy Market Share, By Phase, 2021

Figure 115: Italy Market Share, By Application, 2021

Figure 116: Italy Market Share, By Connectivity, 2021

Figure 117: BENELUX Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 118: BENELUX Market Share, By Phase, 2021

Figure 119: BENELUX Market Share, By Application, 2021

Figure 120: BENELUX Market Share, By Connectivity, 2021

Figure 121: Nordic Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 122: Nordic Market Share, By Phase, 2021

Figure 123: Nordic Market Share, By Application, 2021

Figure 124: Nordic Market Share, By Connectivity, 2021

Figure 125: China Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 126: China Market Share, By Phase, 2021

Figure 127: China Market Share, By Application, 2021

Figure 128: China Market Share, By Connectivity, 2021

Figure 129: Japan Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 130: Japan Market Share, By Phase, 2021

Figure 131: Japan Market Share, By Application, 2021

Figure 132: Japan Market Share, By Connectivity, 2021

Figure 133: South Korea Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 134: South Korea Market Share, By Phase, 2021

Figure 135: South Korea Market Share, By Application, 2021

Figure 136: South Korea Market Share, By Connectivity, 2021

Figure 137: GCC Countries Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 138: GCC Countries Market Share, By Phase, 2021

Figure 139: GCC Countries Market Share, By Application, 2021

Figure 140: GCC Countries Market Share, By Connectivity, 2021

Figure 141: South Africa Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 142: South Africa Market Share, By Phase, 2021

Figure 143: South Africa Market Share, By Application, 2021

Figure 144: South Africa Market Share, By Connectivity, 2021

Figure 145: Turkey Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 146: Turkey Market Share, By Phase, 2021

Figure 147: Turkey Market Share, By Application, 2021

Figure 148: Turkey Market Share, By Connectivity, 2021

February 2022

REP-GB-14322

June 2022

343 pages

Oil and Gas

Nikhil Kaitwade

Book Now

Clients

Customize This Research

Quick Contact

Chat on Whatsapp + 44 (0) 20 3287 4268 + 44 (0) 20 8123 9659 + 1 347 918 3531 Contact By Email

- Trust FMI -

- Member of -

Greater New York Chamber of Commerce

- Awarded by -

BRONZE STEVIE® Award

20th annual IBAs

SILVER STEVIE® WINNER

Asia Pacific Stevie Awards - 2023

- Recognized by -

Micro Inverter Market

Micro Inverter Market by Product, Capacity, Application, Distribution Channel & Region | Forecast 2022 to 2032