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.
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.
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Talk to AnalystCountry-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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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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