Micro Inverter Market
Micro Inverter Market by Product, Capacity, Application, Distribution Channel & Region | Forecast 2022 to 2032
Market Insights on Micro Inverter covering sales outlook, demand forecast and up-to-date key trends
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.
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Attribute |
Details |
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Micro Inverter Market Estimated Size in 2021 |
US$ 1.59 Billion |
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Micro Inverter Market Size (2028) |
US$ 3 Billion |
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Micro Inverter Market Projected Size in Market Size (2032) |
US$ 4.36 Billion |
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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.
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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.
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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.
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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 |
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Projected Market Value (2032) |
US$ 4.36 Billion |
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Estimated Growth Rate (2032) |
9.6% |
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Forecast Period |
2022 to 2032 |
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Historic Data Available for |
2015 to 2021 |
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Market Analysis |
USD Million for Value |
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Report Coverage |
Market forecast, company share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, market dynamics and challenges, and strategic growth initiatives |
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Key Segments Covered |
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Key regions covered |
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Application |
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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 |
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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
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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
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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
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