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Solar Microinverter Market

How Are Countries Striving to Prevent Fossil Fuel Induced Cost-of-living Crisis with Solar Microinverters? Read in FMI’s Report!

Solar Microinverter Market by System Type, End User & Region - Forecast 2022 - 2032

Solar Microinverter Market Outlook (2022-2032)

[202 Pages Report] The global solar microinverter market size is expected to grow at a CAGR of 18.1% from 2022 to 2032, reaching a valuation of US$ 5,716.0 Mn by 2032. By system type, the integrated system category is set to make up over 8% of the global solar microinverter market share in 2022.

According to World Bank estimates, the global economy would increase by 3.2% in 2023, creating a sizable window of opportunity for the construction industry to thrive in different parts of the world. As a result of increased investment in technologies for producing renewable energy, the market for solar microinverters is anticipated to expand. Enhanced technical advantages of microinverters over other conventional products are also fueling the demand for solar microinverters.

Small and medium enterprises (SMEs) and other venture capital-funded startups in the microinverter space are being acquired by established players in the solar inverter market. Solar microinverter installation companies and module firms are expected to diversify their product portfolios and gain a competitive advantage in the market.

Moreover, new solar companies are anticipated to enter the microinverter industry as a result of the success of leading micro inverter companies, growing use of AC modules, and implementation of strict standards. The solar microinverter market is well represented by several businesses that have distinctive technology. Mergers and acquisitions are also anticipated to boost the demand for solar microinverters in the assessment period.

The market is expected to be driven by increasing demand from residential and commercial sectors owing to high energy yield, module-level monitoring abilities, and enhanced safety of microinverters based on solar power. Solar microinverters also provide better flexibility and higher labor efficiency. The solar microinverter market accounts for around 12-16% of the global solar inverter market, finds FMI.

Attributes

Key Statistics

Global Solar Microinverter Market Estimated Size (2022E)

US$ 1,177.2 Mn

Projected Market Valuation (2032F)

US$ 5,716.0 Mn

Value-based CAGR (2022-2032)

18.1%

Collective Value Share: Top 5 Countries (2022)

70.1 %

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2017-2021 Global Solar Microinverter Demand Outlook Compared to 2022-2032 Forecast

The global solar microinverters market grew at a CAGR of 14.2% between 2017 and 2021, according to historical data. Demand for solar microinverters is anticipated to reach US$ 1,177.2 Mn in the global market in 2022, says FMI.

Growing environmental consciousness and implementation of strict laws governing the use of non-renewable power generation methods to address power shortage issues are driving the demand for solar microinverters globally. A micro inverter operates on module level power electronics, in which power conversion happens at the level of each individual module in contrast to typical string/central inverters.

Residential and commercial sectors have witnessed significant growth in emerging countries. Microinverters are considered to be a crucial component of solar energy systems. Growing awareness about various environmental issues is also projected to surge the number of solar panel installations worldwide, thereby pushing sales of solar microinverters in the evaluation period. Owing to their flexible design and increased safety, the demand for stand-alone systems is expected to grow in the next decade in the solar microinverter market.

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Top 3 Trends Boosting Growth in the Solar Microinverter Market

  • Rising Spending on Renewable Energy

People are becoming more interested in using solar panels and other alternative energy sources due to growing concerns about the depletion of fossil fuels and rising emission levels. Increasing solar panel installations will eventually spur microinverter sales as they are a crucial component of solar energy systems. China alone, according to the International Energy Agency (IEA), was in charge of 75% of the rise in yearly solar PV installations between 2019 and 2020.

According to the IEA, global energy investment is expected to expand by 8% in 2022 to reach US$ 2.4 Trillion, with the surge primarily coming from renewable energy. It is also projected that changing government regulations and increased funding in subsidy-driven solar technologies will spur the demand for solar microinverters.

  • Rapid Shift from Conventional String and Central Inverters

In comparison to traditional string and central inverters, micro solar inverters have a number of advantages, including high energy yield, module-level monitoring capabilities, longer life cycles, improved safety, better flexibility, simplicity, higher labor efficiency, and no single point of failure. These important advantages have recently expanded the use of microinverters in the solar industry.

  • Increasing Popularity of Solar PV Inverters

Rising adoption of solar panels across the residential sector will continue to push the demand for microinverters during the forecast period. With rapid transition towards renewable energy resources, robust urbanization, growing popularity of PV inverters, and presence of leading micro inverter manufacturers worldwide, solar microinverters are expected to exhibit high demand during the projection period.

Nikhil Kaitwade
Principal Consultant
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Country-wise Insights

How is the U.S. Solar Microinverter Market Faring?

“Increasing Demand for Clean Electricity across the U.S. to Fuel Sales of Micro Inverter Systems”

Growing use of solar photovoltaics in the residential sector of the U.S. is primarily fueled by electricity cost savings, surging demand for an alternative electricity source, and urgent need to reduce the risk of climate change. Availability of solar energy in abundance and its great potential is also driving the demand for solar energy over traditional power sources in the U.S., which is anticipated to boost sales of solar microinverters. It is estimated that the U.S. will generate roughly 34.8% of the global solar microinverter market share during the projected timeframe.

Why is the Germany Solar Microinverter Market Showcasing High Growth?

“Rising Electrification to Boost Demand for Solar Central Inverters in Germany”

The Germany solar microinverter market is anticipated to hold a larger share of nearly 7.5% during the forecast timeframe. The market for solar microinverters in the country is anticipated to be valued at about US$ 463.0 Mn in 2032, says FMI. Increasing awareness about sustainable energy options and increased electrification across end-use sectors across the globe are likely to aid growth. In addition, rising demand for solar microinverters from the residential and commercial sectors is anticipated to accelerate the solar microinverter market in the country.

Category-wise Insights

Which is the Highly Preferred System Type in the Solar Microinverter Market?

“Standalone Solar String Inverters to Gain Traction in the Global Market”

By system type, the standalone segment is anticipated to reach a valuation of US$ 1,083.0 Mn in 2022 and is projected to expand at a CAGR of 15.8% from 2022 to 2032. Growth is attributed to various advantages of solar microinverters like low maintenance and upkeep costs. On the other hand, by 2032, the integrated segment is expected to grow at a CAGR of 31.2% in the solar microinverter market.

Which End Use Segment is Expected to Dominate the Global Solar Microinverter Market?

“Residential Sector to Boost Sales of Solar Systems with Micro Inverters”

Residential consumers are moving away from conventional inverters due to growing regulatory concerns about the safety of solar PV installations and rising preference for high-efficiency systems. These factors are driving development in the residential end use category. Increasing demand for sustainable and clean energy due to growing concerns about greenhouse gas emissions would also support market expansion.

As per FMI, the residential segment is projected to reach a valuation of around US$ 882.9 Mn in 2022 and account for about 75.0% of the global market share in the same year. During the projected period, the commercial segment, on the other hand, is anticipated to exhibit a CAGR of 17.5% in the solar microinverter market.

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Competitive Landscape

Manufacturers of solar microinverters are continuously under pressure to improve their products’ reliability and efficiency as there is a higher demand for solar products that are environmentally friendly. Manufacturing businesses want to increase the availability of their solar microinverters on the market through the introduction of new products and increased collaboration activities.

In the moderately concentrated solar microinverter market, a few companies, including Enphase Energy Inc., Altenergy Power Systems Inc., SMA Solar Technology AG, ABB Ltd., SunPower Corporations, Darfon Electronics Corporation, Northern Electric and Power Co. Ltd., Sparq Systems, Chilicon Power,LLC, and iEnergy Co. Ltd control the majority of the share.

For instance,

  • In August 2022, Enphase Energy Inc. acquired GreenCom Networks, which provides internet of things software solutions for customers in Germany. The acquisition is expected to provide installers with a full range of home energy management systems and facilitate green EV charging.

Enphase, Altenergy Power System, and SMA Solar Technology – The Perfect Trifecta for a Bright Future

Enphase's goal is to advance solar technology to the point where it can provide all of the world's energy needs. The three commitments that have led the company from the beginning include innovation, quality, and responsibility. These remain constant as the company works toward the vision of creating a solar-powered globe.

For instance, in October 2021, a complete Enphase Energy System with IQ8 solar microinverters was made available by the company for clients in North America. IQ8 is considered to be the company’s smartest microinverter yet. It can form a microgrid during a power outage by utilizing only sunlight. It provides backup power even without the requirement of a battery.

Similarly, in June 2020, Enphase Energy collaborated with Excel Power of Australia. Excel Power built a 50 kW Enphase micro-inverter-based system for Wippells Autos, a Jaguar and Land Rover dealer in Toowoomba City, Queensland, as part of this collaboration.

Altenergy Power System (APsystems), on the other hand, stands in the second position among the top micro inverter manufacturers worldwide. For home and commercial systems, the company provides innovative, powerful solar microinverter technology. It combines efficient power inversion with user-friendly monitoring to offer dependable and sustainable energy.

For instance, in December 2020, APsystems announced that its total global shipments of microinverter devices have surpassed 1GW. In order to reach its next objective of achieving 1GW of microinverter shipments yearly, the company will continue to concentrate on strong product and market development.

Moreover, in order to achieve its goal of 1GW, it has been progressively increasing its market share and brand recognition by concentrating on providing high-quality products that would satisfy customers' expectations. The 1GW shipment equates to more than 3.5 million APsystems’ microinverters shipped globally (based on a single unit basis), which are anticipated to produce 1.24 billion kWh annually, thereby reducing greenhouse gas emissions by 910,000 tons of CO2 and providing environmental benefits comparable to 45 million trees.

Similarly, SMA Solar Technology (SMA), a leading international expert in solar and storage system technology, is establishing benchmarks for the future's decentralized and sustainable energy supply. The company’s product line includes a wide range of effective PV and battery inverters, comprehensive system solutions for PV and battery-storage systems of all power classes, sophisticated energy management systems, and charging options for electric cars & power-to-gas applications.

For instance, in April 2022, SMA launched the Sunny Tripower X as part of its Energy Systems Home and Business. For the first time, a three-phase solar inverter combines cutting-edge solar power generation with SMA Data Manager M capabilities powered by ennexOS. The Sunny Tripower X not only monitors, manages, and controls up to five inverters in commercial and residential energy systems with outputs of up to 135 kW, but it also allows participation in the energy sector.

Scope of the Report

Attribute

Details

Estimated Market Size (2022)

US$ 1,177.2 Mn

Projected Market Valuation (2032)

US$ 5,716.0 Mn

Value-based CAGR (2022-2032)

18.1%

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

Value (US$ Mn) and Volume (MW)

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa

Key Countries Covered

U.S., Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa

Key Market Segments Covered

System Type, End Use, and Region

Key Companies Profiled

Report Coverage

Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Key Segments Covered in Solar Microinverter Industry Analysis

By System Type:

  • Standalone
  • Integrated

By End Use:

  • Residential
  • Commercial
  • Utility

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Frequently Asked Questions

The global solar microinverter market is set to be valued at US$ 1,177.2 Mn in 2022.

Sales of solar microinverters are anticipated to grow at a CAGR of about 18.1% in terms of value between 2022 and 2032.

The residential segment is set to hold the highest solar microinverter market share of 75.0% in 2022 based on end use.

About 92.0% of the global solar microinverter market share is predominately held by the standalone segment.

North America dominates the global solar microinverter market and is expected to grow at a CAGR of 15.1% over the forecast period.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Solar Microinverter Demand Analysis 2017-2021 and Forecast, 2022–2032

    5.1. Historical Market Volume (MW) Analysis, 2017-2021

    5.2. Current and Future Market Volume (MW) Projections, 2022–2032

    5.3. Y-o-Y Growth Trend Analysis

6. Global Solar Microinverter - Pricing Analysis

    6.1. Regional Pricing Analysis By System Type

    6.2. Global Average Pricing Analysis Benchmark

7. Global Solar Microinverter Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022–2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2017-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022–2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global GDP Growth Outlook

        8.1.2. Global GDP and Infrastructure Investment

        8.1.3. Global Power Industry Overview

        8.1.4. Global Real estate Sector Growth Outlook

        8.1.5. Other Macro-economic Factors

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Top Companies Historical Growth

        8.2.2. GDP Growth forecast

        8.2.3. Urbanization Growth Outlook

        8.2.4. Business Climate

        8.2.5. Other Forecast Factors

    8.3. Value Chain

        8.3.1. List of Manufacturers

        8.3.2. List of Distributors

        8.3.3. End Users

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Solar Microinverter Analysis 2017-2021 and Forecast 2022–2032, by System Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By System Type, 2017-2021

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By System Type, 2022–2032

        9.3.1. Standalone

        9.3.2. Integrated

    9.4. Market Attractiveness Analysis By System Type

10. Global Solar Microinverter Analysis 2017-2021 and Forecast 2022–2032, by End-Use

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By End-Use, 2017-2021

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End-Use, 2022–2032

        10.3.1. Residential

        10.3.2. Commercial

        10.3.3. Utility

    10.4. Market Attractiveness Analysis By End-Use

11. Global Solar Microinverter Analysis 2017-2021 and Forecast 2022–2032, by Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2017-2021

    11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2022–2032

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. East Asia

        11.3.5. South Asia and Pacific

        11.3.6. Middle East and Africa

    11.4. Market Attractiveness Analysis By Region

12. North America Solar Microinverter Analysis 2017-2021 and Forecast 2022–2032

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        12.4.1. By Country

            12.4.1.1. U.S.

            12.4.1.2. Canada

        12.4.2. By System Type

        12.4.3. By End-Use

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By System Type

        12.5.3. By End-Use

13. Latin America Solar Microinverter Analysis 2017-2021 and Forecast 2022–2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        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 System Type

        13.4.3. By End-Use

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By System Type

        13.5.3. By End-Use

14. Europe Solar Microinverter Analysis 2017-2021 and Forecast 2022–2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        14.4.1. By Country

            14.4.1.1. Germany

            14.4.1.2. Italy

            14.4.1.3. France

            14.4.1.4. U.K.

            14.4.1.5. Spain

            14.4.1.6. BENELUX

            14.4.1.7. Russia

            14.4.1.8. Rest of Europe

        14.4.2. By System Type

        14.4.3. By End-Use

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By System Type

        14.5.3. By End-Use

15. East Asia Solar Microinverter Analysis 2017-2021 and Forecast 2022–2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        15.4.1. By Country

            15.4.1.1. China

            15.4.1.2. Japan

            15.4.1.3. South Korea

        15.4.2. By System Type

        15.4.3. By End-Use

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By System Type

        15.5.3. By End-Use

16. South Asia and Pacific Solar Microinverter Analysis 2017-2021 and Forecast 2022–2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        16.4.1. By Country

            16.4.1.1. India

            16.4.1.2. ASEAN

            16.4.1.3. Australia and New Zealand

            16.4.1.4. Rest of SAP

        16.4.2. By System Type

        16.4.3. By End-Use

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By System Type

        16.5.3. By End-Use

17. Middle East and Africa Solar Microinverter Analysis 2017-2021 and Forecast 2022–2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032

        17.4.1. By Country

            17.4.1.1. GCC Countries

            17.4.1.2. Turkey

            17.4.1.3. Northern Africa

            17.4.1.4. South Africa

            17.4.1.5. Rest of Middle East and Africa

        17.4.2. By System Type

        17.4.3. By End-Use

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By System Type

        17.5.3. By End-Use

18. Country Wise Solar Microinverter Analysis 2022-2032

    18.1. Introduction

        18.1.1. Market Value Proportion Analysis, By Key Countries

        18.1.2. Global Vs. Country Growth Comparison

    18.2. U.S. Solar Microinverter Analysis

        18.2.1. By System Type

        18.2.2. By End-Use

    18.3. Canada Solar Microinverter Analysis

        18.3.1. By System Type

        18.3.2. By End-Use

    18.4. Mexico Solar Microinverter Analysis

        18.4.1. By System Type

        18.4.2. By End-Use

    18.5. Brazil Solar Microinverter Analysis

        18.5.1. By System Type

        18.5.2. By End-Use

    18.6. Germany Solar Microinverter Analysis

        18.6.1. By System Type

        18.6.2. By End-Use

    18.7. Italy Solar Microinverter Analysis

        18.7.1. By System Type

        18.7.2. By End-Use

    18.8. France Solar Microinverter Analysis

        18.8.1. By System Type

        18.8.2. By End-Use

    18.9. U.K. Solar Microinverter Analysis

        18.9.1. By System Type

        18.9.2. By End-Use

    18.10. Spain Solar Microinverter Analysis

        18.10.1. By System Type

        18.10.2. By End-Use

    18.11. BENELUX Solar Microinverter Analysis

        18.11.1. By System Type

        18.11.2. By End-Use

    18.12. Russia Solar Microinverter Analysis

        18.12.1. By System Type

        18.12.2. By End-Use

    18.13. China Solar Microinverter Analysis

        18.13.1. By System Type

        18.13.2. By End-Use

    18.14. Japan Solar Microinverter Analysis

        18.14.1. By System Type

        18.14.2. By End-Use

    18.15. S. Korea Solar Microinverter Analysis

        18.15.1. By System Type

        18.15.2. By End-Use

    18.16. India Solar Microinverter Analysis

        18.16.1. By System Type

        18.16.2. By End-Use

    18.17. ASEAN Solar Microinverter Analysis

        18.17.1. By System Type

        18.17.2. By End-Use

    18.18. Australia and New Zealand Solar Microinverter Analysis

        18.18.1. By System Type

        18.18.2. By End-Use

    18.19. GCC Countries Solar Microinverter Analysis

        18.19.1. By System Type

        18.19.2. By End-Use

    18.20. Turkey Solar Microinverter Analysis

        18.20.1. By System Type

        18.20.2. By End-Use

    18.21. Northern Africa Solar Microinverter Analysis

        18.21.1. By System Type

        18.21.2. By End-Use

    18.22. South Africa Solar Microinverter Analysis

        18.22.1. By System Type

        18.22.2. By End-Use

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies (Solar Microinverter )

    19.2. Market Share Analysis of Top Players

    19.3. Market Presence Analysis

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive

        20.3.1. Enphase Energy Inc.

            20.3.1.1. Overview

            20.3.1.2. Product Portfolio

            20.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.1.4. Sales Footprint

            20.3.1.5. Strategy Overview

        20.3.2. Altenergy Power Systems Inc.

            20.3.2.1. Overview

            20.3.2.2. Product Portfolio

            20.3.2.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.2.4. Sales Footprint

            20.3.2.5. Strategy Overview

        20.3.3. SMA Solar Technology AG

            20.3.3.1. Overview

            20.3.3.2. Product Portfolio

            20.3.3.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.3.4. Sales Footprint

            20.3.3.5. Strategy Overview

        20.3.4. ABB Ltd.

            20.3.4.1. Overview

            20.3.4.2. Product Portfolio

            20.3.4.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.4.4. Sales Footprint

            20.3.4.5. Strategy Overview

        20.3.5. SunPower Corporations

            20.3.5.1. Overview

            20.3.5.2. Product Portfolio

            20.3.5.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.5.4. Sales Footprint

            20.3.5.5. Strategy Overview

        20.3.6. Darfon Electronics Corporation

            20.3.6.1. Overview

            20.3.6.2. Product Portfolio

            20.3.6.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.6.4. Sales Footprint

            20.3.6.5. Strategy Overview

        20.3.7. Northern Electric and Power Co. Ltd.

            20.3.7.1. Overview

            20.3.7.2. Product Portfolio

            20.3.7.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.7.4. Sales Footprint

            20.3.7.5. Strategy Overview

        20.3.8. Sparq Systems

            20.3.8.1. Overview

            20.3.8.2. Product Portfolio

            20.3.8.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.8.4. Sales Footprint

            20.3.8.5. Strategy Overview

        20.3.9. Chilicon Power, LLC

            20.3.9.1. Overview

            20.3.9.2. Product Portfolio

            20.3.9.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.9.4. Sales Footprint

            20.3.9.5. Strategy Overview

        20.3.10. iEnergy Co. Ltd.

            20.3.10.1. Overview

            20.3.10.2. Product Portfolio

            20.3.10.3. Profitability by Market Segments (Product/Channel/Region)

            20.3.10.4. Sales Footprint

            20.3.10.5. Strategy Overview

21. Assumptions and Acronyms Used

22. Research Methodology

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List of Tables

Table 01: Global Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by System Type

Table 02: Global Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by End-Use

Table 03: Global Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by Region

Table 04: North America Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 05: North America Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by System Type

Table 06: North America Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by End-Use

Table 07: Latin America Solar Microinverter Market Volume (MW) and Value (US$ Mn) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 08: Latin America Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by System Type

Table 09: Latin America Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by End-Use

Table 10: Europe Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 11: Europe Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by System Type

Table 12: Europe Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by End-Use

Table 13: East Asia Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 14: East Asia Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by System Type

Table 15: East Asia Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by End-Use

Table 16: South Asia & Pacific Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 17: South Asia & Pacific Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by System Type

Table 18: South Asia & Pacific Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by End-Use

Table 19: Middle East & Africa Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017–2021 and Forecast 2022–2032 By Country

Table 20: Middle East & Africa Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by System Type

Table 21: Middle East & Africa Solar Microinverter Market Value (US$ Mn) and Volume (MW) Historical Data 2017 – 2021 and Forecast 2022-2032 by End-Use

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Principal Consultant
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List of Charts

Figure 01: Global Solar Microinverter Market Historical Demand, 2017-2021

Figure 02: Global Solar Microinverter Market Demand Forecast, 2022-2032

Figure 03: Global Solar Microinverter Market Historical Value (US$ Mn), 2017-2021

Figure 04: Global Solar Microinverter Market Value (US$ Mn) Forecast, 2022-2032

Figure 05: Global Solar Microinverter Market Absolute $ Opportunity, 2022-2032

Figure 06: Global Solar Microinverter Market Share and BPS Analysis by System Type– 2022 & 2032

Figure 07: Global Solar Microinverter Market Y-o-Y Growth Projections by System Type, 2021-2032

Figure 08: Global Solar Microinverter Market Attractiveness by System Type, 2022-2032

Figure 09: Global Solar Microinverter Market Absolute $ Opportunity 2021-2032, by Standalone segment

Figure 10: Global Solar Microinverter Market Absolute $ Opportunity 2021-2032, by Integrated segment

Figure 11: Global Solar Microinverter Market Share and BPS Analysis by End-Use – 2022 & 2032

Figure 12: Global Solar Microinverter Market Y-o-Y Growth Projections by End-Use, 2021-2032

Figure 13: Global Solar Microinverter Market Attractiveness by End-Use, 2022-2032

Figure 14: Global Solar Microinverter Market Absolute $ Opportunity, 2021-2032, by Residential segment

Figure 15: Global Solar Microinverter Market Absolute $ Opportunity, 2021-2032, by Commercial segment

Figure 16: Global Solar Microinverter Market Absolute $ Opportunity, 2021-2032, by Utility segment

Figure 17: Global Solar Microinverter Market Share and BPS Analysis by Region – 2022 & 2032

Figure 18: Global Solar Microinverter Market Y-o-Y Growth Projections by Region, 2021-2032

Figure 19: Global Solar Microinverter Market Attractiveness by Region, 2022-2032

Figure 20: Global Solar Microinverter Market Absolute $ Opportunity 2021-2032, by North America

Figure 21: Global Solar Microinverter Market Absolute $ Opportunity 2021-2032, by Latin America

Figure 22: Global Solar Microinverter Market Absolute $ Opportunity 2021-2032, by Europe

Figure 23: Global Solar Microinverter Market Absolute $ Opportunity 2021-2032, by East Asia

Figure 24: Global Solar Microinverter Market Absolute $ Opportunity 2021-2032, by South Asia & Pacific

Figure 25: Global Solar Microinverter Market Absolute $ Opportunity 2021-2032, by Middle East & Africa

Figure 26: North America Solar Microinverter Market Share and BPS Analysis by Country – 2022 & 2032

Figure 27: North America Solar Microinverter Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 28: North America Solar Microinverter Market Attractiveness by Country, 2022-2032

Figure 29: U.S. Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 30: Canada Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 31: North America Solar Microinverter Market Share and BPS Analysis by System Type– 2022 & 2032

Figure 32: North America Solar Microinverter Market Y-o-Y Growth Projections by System Type, 2021-2032

Figure 33: North America Solar Microinverter Market Attractiveness by System Type, 2022-2032

Figure 34: North America Solar Microinverter Market Share and BPS Analysis by End-Use – 2022 & 2032

Figure 35: North America Solar Microinverter Market Y-o-Y Growth Projections by End-Use, 2021-2032

Figure 36: North America Solar Microinverter Market Attractiveness by End-Use, 2022-2032

Figure 37: Latin America Solar Microinverter Market Share and BPS Analysis by Country – 2022 & 2032

Figure 38: Latin America Solar Microinverter Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 39: Latin America Solar Microinverter Market Attractiveness by Country, 2022-2032

Figure 40: Brazil Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 41: Mexico Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 42: Rest of Latin America Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 43: Latin America Solar Microinverter Market Share and BPS Analysis by System Type– 2022 & 2032

Figure 44: Latin America Solar Microinverter Market Y-o-Y Growth Projections by System Type, 2021-2032

Figure 45: Latin America Solar Microinverter Market Attractiveness by System Type, 2022-2032

Figure 46: Latin America Solar Microinverter Market Share and BPS Analysis by End-Use – 2022 & 2032

Figure 47: Latin America Solar Microinverter Market Y-o-Y Growth Projections by End-Use, 2021-2032

Figure 48: Latin America Solar Microinverter Market Attractiveness by End-Use, 2022-2032

Figure 49: Europe Solar Microinverter Market Share and BPS Analysis by Country – 2022 & 2032

Figure 50: Europe Solar Microinverter Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 51: Europe Solar Microinverter Market Attractiveness by Country, 2022-2032

Figure 52: Germany Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 53: Italy Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 54: France Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 55: U.K. Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 56: Spain Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 57: BENELUX Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 58: Russia Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 59: Rest of Europe Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 60: Europe Solar Microinverter Market Share and BPS Analysis by System Type– 2022 & 2032

Figure 61: Europe Solar Microinverter Market Y-o-Y Growth Projections by System Type, 2021-2032

Figure 62: Europe Solar Microinverter Market Attractiveness by System Type, 2022-2032

Figure 63: Europe Solar Microinverter Market Share and BPS Analysis by End-Use – 2022 & 2032

Figure 64: Europe Solar Microinverter Market Y-o-Y Growth Projections by End-Use, 2021-2032

Figure 65: Europe Solar Microinverter Market Attractiveness by End-Use, 2022-2032

Figure 66: East Asia Solar Microinverter Market Share and BPS Analysis by Country – 2022 & 2032

Figure 67: East Asia Solar Microinverter Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 68: East Asia Solar Microinverter Market Attractiveness by Country, 2022-2032

Figure 69: China Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 70: Japan Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 71: South Korea Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 72: East Asia Solar Microinverter Market Share and BPS Analysis by System Type– 2022 & 2032

Figure 73: East Asia Solar Microinverter Market Y-o-Y Growth Projections by System Type, 2021-2032

Figure 74: East Asia Solar Microinverter Market Attractiveness by System Type, 2022-2032

Figure 75: East Asia Solar Microinverter Market Share and BPS Analysis by End-Use – 2022 & 2032

Figure 76: East Asia Solar Microinverter Market Y-o-Y Growth Projections by End-Use, 2021-2032

Figure 77: East Asia Solar Microinverter Market Attractiveness by End-Use, 2022-2032

Figure 78: South Asia & Pacific Solar Microinverter Market Share and BPS Analysis by Country – 2022 & 2032

Figure 79: South Asia & Pacific Solar Microinverter Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 80: South Asia & Pacific Solar Microinverter Market Attractiveness by Country, 2022-2032

Figure 81: India Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 82: ASEAN Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 83: Australia & New Zealand Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 84: Rest of SAP Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 85: South Asia & Pacific Solar Microinverter Market Share and BPS Analysis by System Type– 2022 & 2032

Figure 86: South Asia & Pacific Solar Microinverter Market Y-o-Y Growth Projections by System Type, 2021-2032

Figure 87: South Asia & Pacific Solar Microinverter Market Attractiveness by System Type, 2022-2032

Figure 88: South Asia & Pacific Solar Microinverter Market Share and BPS Analysis by End-Use – 2022 & 2032

Figure 89: South Asia & Pacific Solar Microinverter Market Y-o-Y Growth Projections by End-Use, 2021-2032

Figure 90: South Asia & Pacific Solar Microinverter Market Attractiveness by End-Use, 2022-2032

Figure 91: Middle East & Africa Solar Microinverter Market Share and BPS Analysis by Country – 2022 & 2032

Figure 92: Middle East & Africa Solar Microinverter Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 93: Middle East & Africa Solar Microinverter Market Attractiveness by Country, 2022-2032

Figure 94: GCC Countries Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 95: Turkey Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 96: South Africa Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 97: Rest of MEA Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 98: Rest of South Asia & Pacific Solar Microinverter Market Absolute $ Opportunity, 2021 – 2032

Figure 99: Middle East & Africa Solar Microinverter Market Share and BPS Analysis by System Type– 2022 & 2032

Figure 100: Middle East & Africa Solar Microinverter Market Y-o-Y Growth Projections by System Type, 2021-2032

Figure 101: Middle East & Africa Solar Microinverter Market Attractiveness by System Type, 2022-2032

Figure 102: Middle East & Africa Solar Microinverter Market Share and BPS Analysis by End-Use – 2022 & 2032

Figure 103: Middle East & Africa Solar Microinverter Market Y-o-Y Growth Projections by End-Use, 2021-2032

Figure 104: Middle East & Africa Solar Microinverter Market Attractiveness by End-Use, 2022-2032

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