Reports
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States
Americas
Future Market Insights, Inc.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States
MEA
Future Market Insights
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom
Asia Pacific
Future Market Insights
IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India
[202 Pages Report] Global demand for solar microinverter is expected to be at a CAGR of 18.1% from 2022 to 2032, reaching a valuation of US$ 5,716.0 Million by 2032. The market is supported by:
By system type, the integrated system category is set to make up over 8% of the global solar microinverter market share in 2022. Residential and commercial sectors are witnessing significant growth in emerging countries, making microinverters a crucial component of solar energy systems. In addition to this, the growing awareness about various environmental issues is surging the number of solar panel installations at the global level.
Attributes | Key Statistics |
---|---|
Global Solar Microinverter Market Estimated Size (2022E) | US$ 1,177.2 Million |
Projected Market Valuation (2032F) | US$ 5,716.0 Million |
Value-based CAGR (2022 to 2032) | 18.1% |
Collective Value Share: Top 5 Countries (2022) | 70.1 % |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Significant opportunities for new sales exist in developing countries throughout the North American region. The growing use of solar photovoltaics in the residential sector of the USA is primarily fueled by electricity cost savings, surging demand for an alternative electricity source, and the urgent need to reduce the risk of climate change. 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.
The availability of solar energy in abundance and its great potential is also driving the demand for solar energy over traditional power sources in the USA, which is anticipated to boost sales of solar microinverters. It is estimated that the USA will generate roughly 34.8% of the global solar microinverter market share during the projected timeframe.
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. 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.
The ongoing development and uptake of better-performing products that are easier to use and are more beneficial will also support demand. In comparison to traditional string and central inverters, micro solar inverters have several 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. Moreover, new solar companies are anticipated to enter the microinverter industry owing to the growing use of AC modules, and the implementation of strict standards.
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 microinverter companies, the growing use of AC modules, and the implementation of strict standards. The solar micro inverter 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.
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 Million 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 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 micro inverter market.
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 for subsidy-driven solar technologies will spur the demand for solar microinverters.
In comparison to traditional string and central inverters, micro solar inverters have several 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.
The rising adoption of solar panels across the residential sector will continue to push the demand for microinverters during the forecast period. With the rapid transition towards renewable energy resources, robust urbanization, growing popularity of PV inverters, and presence of leading micro inverter manufacturers worldwide, solar micro inverters are expected to exhibit high demand during the projection period.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
“Increasing Demand for Clean Electricity across the USA to Fuel Sales of Micro Inverter Systems”
The growing use of solar photovoltaics in the residential sector of the USA is primarily fueled by electricity cost savings, surging demand for an alternative electricity source, and the urgent need to reduce the risk of climate change. The availability of solar energy in abundance and its great potential is also driving the demand for solar energy over traditional power sources in the USA, which is anticipated to boost sales of solar microinverters. It is estimated that the USA will generate roughly 34.8% of the global solar microinverter market share during the projected timeframe.
“Rising Electrification to Boost Demand for Solar Central Inverters in Germany”
The German solar micro inverter 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 Million 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 micro inverters from the residential and commercial sectors is anticipated to accelerate the solar microinverter market in the country.
“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 Million 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 micro inverter 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 a 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 Million 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 micro inverter market.
Manufacturers of solar microinverters are continuously under pressure to improve their products’ reliability and efficiency as there is a higher demand for environmentally friendly solar products. 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,
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. To reach its next objective of achieving 1GW of microinverter shipments yearly, the company will continue to concentrate on a strong product and market development.
Moreover, 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.
Attribute | Details |
---|---|
Estimated Market Size (2022) | US$ 1,177.2 Million |
Projected Market Valuation (2032) | US$ 5,716.0 Million |
Value-based CAGR (2022 to 2032) | 18.1% |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 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 (MEA) |
Key Countries Covered | The USA, Canada, Brazil, Mexico, Germany, Italy, France, The UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, Association of Southeast Asian Nations, 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 |
The global solar microinverter market is set to be valued at US$ 1,177.2 Million 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.
1. Executive Summary | Solar Microinverter Market 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 Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 5.1. Historical Market Volume (MW) Analysis, 2017 to 2021 5.2. Current and Future Market Volume (MW) Projections, 2022 to 2032 5.3. Y-o-Y Growth Trend Analysis 6. Global - Pricing Analysis 6.1. Regional Pricing Analysis By System Type 6.2. Global Average Pricing Analysis Benchmark 7. Global Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2017 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. 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 Analysis 2017 to 2021 and Forecast 2022 to 2032, by System Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By System Type, 2017 to 2021 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By System Type, 2022 to 2032 9.3.1. Standalone 9.3.2. Integrated 9.4. Market Attractiveness Analysis By System Type 10. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by End-Use 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By End-Use, 2017 to 2021 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-Use, 2022 to 2032 10.3.1. Residential 10.3.2. Commercial 10.3.3. Utility 10.4. Market Attractiveness Analysis By End-Use 11. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 11.1. Introduction 11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021 11.3. Current Market Size (US$ Million) and Volume 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. East Asia 11.3.5. South Asia and Pacific 11.3.6. Middle East & Africa (MEA) 11.4. Market Attractiveness Analysis By Region 12. North America Analysis 2017 to 2021 and Forecast 2022 to 2032 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 12.4.1. By Country 12.4.1.1. The USA 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 Analysis 2017 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 13.4. Market Size (US$ Million) and Volume 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 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 Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 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. The UK 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 Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 15.4. Market Size (US$ Million) and Volume 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 15.4.2. 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 Analysis 2017 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 16.4.1. By Country 16.4.1.1. India 16.4.1.2. Association of Southeast Asian Nations 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 Analysis 2017 to 2021 and Forecast 2022 to 2032 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 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 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. The USA Analysis 18.2.1. By System Type 18.2.2. By End-Use 18.3. Canada Analysis 18.3.1. By System Type 18.3.2. By End-Use 18.4. Mexico Analysis 18.4.1. By System Type 18.4.2. By End-Use 18.5. Brazil Analysis 18.5.1. By System Type 18.5.2. By End-Use 18.6. Germany Analysis 18.6.1. By System Type 18.6.2. By End-Use 18.7. Italy Analysis 18.7.1. By System Type 18.7.2. By End-Use 18.8. France Analysis 18.8.1. By System Type 18.8.2. By End-Use 18.9. The UK Analysis 18.9.1. By System Type 18.9.2. By End-Use 18.10. Spain Analysis 18.10.1. By System Type 18.10.2. By End-Use 18.11. BENELUX Analysis 18.11.1. By System Type 18.11.2. By End-Use 18.12. Russia Analysis 18.12.1. By System Type 18.12.2. By End-Use 18.13. China Analysis 18.13.1. By System Type 18.13.2. By End-Use 18.14. Japan Analysis 18.14.1. By System Type 18.14.2. By End-Use 18.15. S. Korea Analysis 18.15.1. By System Type 18.15.2. By End-Use 18.16. India Analysis 18.16.1. By System Type 18.16.2. By End-Use 18.17. ASEAN Analysis 18.17.1. By System Type 18.17.2. By End-Use 18.18. Australia and New Zealand Analysis 18.18.1. By System Type 18.18.2. By End-Use 18.19. GCC Countries Analysis 18.19.1. By System Type 18.19.2. By End-Use 18.20. Turkey Analysis 18.20.1. By System Type 18.20.2. By End-Use 18.21. Northern Africa Analysis 18.21.1. By System Type 18.21.2. By End-Use 18.22. South Africa 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 ( ) 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
Table 01: Global Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type Table 02: Global Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use Table 03: Global Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Region Table 04: North America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country Table 05: North America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type Table 06: North America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use Table 07: Latin America Market Volume (MW) and Value (US$ Million) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country Table 08: Latin America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type Table 09: Latin America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use Table 10: Europe Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country Table 11: Europe Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type Table 12: Europe Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use Table 13: East Asia Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country Table 14: East Asia Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type Table 15: East Asia Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use Table 16: South Asia & Pacific Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country Table 17: South Asia & Pacific Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type Table 18: South Asia & Pacific Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use Table 19: Middle East & Africa Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country Table 20: Middle East & Africa Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type Table 21: Middle East & Africa Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use
Figure 01: Global Market Historical Demand, 2017 to 2021 Figure 02: Global Market Demand Forecast, 2022 to 2032 Figure 03: Global Market Historical Value (US$ Million), 2017 to 2021 Figure 04: Global Market Value (US$ Million) Forecast, 2022 to 2032 Figure 05: Global Market Absolute $ Opportunity, 2022 to 2032 Figure 06: Global Market Share and BPS Analysis by System Type– 2022 to 2032 Figure 07: Global Market Y-o-Y Growth Projections by System Type, 2021 to 2032 Figure 08: Global Market Attractiveness by System Type, 2022 to 2032 Figure 09: Global Market Absolute $ Opportunity 2021 to 2032, by Standalone Segment Figure 10: Global Market Absolute $ Opportunity 2021 to 2032, by Integrated segment Figure 11: Global Market Share and BPS Analysis by End-Use 2022 to 2032 Figure 12: Global Market Y-o-Y Growth Projections by End-Use, 2021 to 2032 Figure 13: Global Market Attractiveness by End-Use, 2022 to 2032 Figure 14: Global Market Absolute $ Opportunity, 2021 to 2032, by Residential segment Figure 15: Global Market Absolute $ Opportunity, 2021 to 2032, by Commercial segment Figure 16: Global Market Absolute $ Opportunity, 2021 to 2032, by Utility segment Figure 17: Global Market Share and BPS Analysis by Region 2022 to 2032 Figure 18: Global Market Y-o-Y Growth Projections by Region, 2021 to 2032 Figure 19: Global Market Attractiveness by Region, 2022 to 2032 Figure 20: Global Market Absolute $ Opportunity 2021 to 2032, by North America Figure 21: Global Market Absolute $ Opportunity 2021 to 2032, by Latin America Figure 22: Global Market Absolute $ Opportunity 2021 to 2032, by Europe Figure 23: Global Market Absolute $ Opportunity 2021 to 2032, by East Asia Figure 24: Global Market Absolute $ Opportunity 2021 to 2032, by South Asia & Pacific Figure 25: Global Market Absolute $ Opportunity 2021 to 2032, by Middle East & Africa Figure 26: North America Market Share and BPS Analysis by Country 2022 to 2032 Figure 27: North America Market Y-o-Y Growth Projections by Country, 2021 to 2032 Figure 28: North America Market Attractiveness by Country, 2022 to 2032 Figure 29: U.S. Market Absolute $ Opportunity, 2021 to 2032 Figure 30: Canada Market Absolute $ Opportunity, 2021 to 2032 Figure 31: North America Market Share and BPS Analysis by System Type 2022 to 2032 Figure 32: North America Market Y-o-Y Growth Projections by System Type, 2021 to 2032 Figure 33: North America Market Attractiveness by System Type, 2022 to 2032 Figure 34: North America Market Share and BPS Analysis by End-Use 2022 to 2032 Figure 35: North America Market Y-o-Y Growth Projections by End-Use, 2021 to 2032 Figure 36: North America Market Attractiveness by End-Use, 2022 to 2032 Figure 37: Latin America Market Share and BPS Analysis by Country 2022 to 2032 Figure 38: Latin America Market Y-o-Y Growth Projections by Country, 2021 to 2032 Figure 39: Latin America Market Attractiveness by Country, 2022 to 2032 Figure 40: Brazil Market Absolute $ Opportunity, 2021 to 2032 Figure 41: Mexico Market Absolute $ Opportunity, 2021 to 2032 Figure 42: Rest of Latin America Market Absolute $ Opportunity, 2021 to 2032 Figure 43: Latin America Market Share and BPS Analysis by System Type 2022 to 2032 Figure 44: Latin America Market Y-o-Y Growth Projections by System Type, 2021 to 2032 Figure 45: Latin America Market Attractiveness by System Type, 2022 to 2032 Figure 46: Latin America Market Share and BPS Analysis by End-Use 2022 to 2032 Figure 47: Latin America Market Y-o-Y Growth Projections by End-Use, 2021 to 2032 Figure 48: Latin America Market Attractiveness by End-Use, 2022 to 2032 Figure 49: Europe Market Share and BPS Analysis by Country 2022 to 2032 Figure 50: Europe Market Y-o-Y Growth Projections by Country, 2021 to 2032 Figure 51: Europe Market Attractiveness by Country, 2022 to 2032 Figure 52: Germany Market Absolute $ Opportunity, 2021 to 2032 Figure 53: Italy Market Absolute $ Opportunity, 2021 to 2032 Figure 54: France Market Absolute $ Opportunity, 2021 to 2032 Figure 55: U.K. Market Absolute $ Opportunity, 2021 to 2032 Figure 56: Spain Market Absolute $ Opportunity, 2021 to 2032 Figure 57: BENELUX Market Absolute $ Opportunity, 2021 to 2032 Figure 58: Russia Market Absolute $ Opportunity, 2021 to 2032 Figure 59: Rest of Europe Market Absolute $ Opportunity, 2021 to 2032 Figure 60: Europe Market Share and BPS Analysis by System Type 2022 to 2032 Figure 61: Europe Market Y-o-Y Growth Projections by System Type, 2021 to 2032 Figure 62: Europe Market Attractiveness by System Type, 2022 to 2032 Figure 63: Europe Market Share and BPS Analysis by End-Use 2022 to 2032 Figure 64: Europe Market Y-o-Y Growth Projections by End-Use, 2021 to 2032 Figure 65: Europe Market Attractiveness by End-Use, 2022 to 2032 Figure 66: East Asia Market Share and BPS Analysis by Country 2022 to 2032 Figure 67: East Asia Market Y-o-Y Growth Projections by Country, 2021 to 2032 Figure 68: East Asia Market Attractiveness by Country, 2022 to 2032 Figure 69: China Market Absolute $ Opportunity, 2021 to 2032 Figure 70: Japan Market Absolute $ Opportunity, 2021 to 2032 Figure 71: South Korea Market Absolute $ Opportunity, 2021 to 2032 Figure 72: East Asia Market Share and BPS Analysis by System Type 2022 to 2032 Figure 73: East Asia Market Y-o-Y Growth Projections by System Type, 2021 to 2032 Figure 74: East Asia Market Attractiveness by System Type, 2022 to 2032 Figure 75: East Asia Market Share and BPS Analysis by End-Use 2022 to 2032 Figure 76: East Asia Market Y-o-Y Growth Projections by End-Use, 2021 to 2032 Figure 77: East Asia Market Attractiveness by End-Use, 2022 to 2032 Figure 78: South Asia & Pacific Market Share and BPS Analysis by Country 2022 to 2032 Figure 79: South Asia & Pacific Market Y-o-Y Growth Projections by Country, 2021 to 2032 Figure 80: South Asia & Pacific Market Attractiveness by Country, 2022 to 2032 Figure 81: India Market Absolute $ Opportunity, 2021 to 2032 Figure 82: ASEAN Market Absolute $ Opportunity, 2021 to 2032 Figure 83: Australia & New Zealand Market Absolute $ Opportunity, 2021 to 2032 Figure 84: Rest of SAP Market Absolute $ Opportunity, 2021 to 2032 Figure 85: South Asia & Pacific Market Share and BPS Analysis by System Type 2022 to 2032 Figure 86: South Asia & Pacific Market Y-o-Y Growth Projections by System Type, 2021 to 2032 Figure 87: South Asia & Pacific Market Attractiveness by System Type, 2022 to 2032 Figure 88: South Asia & Pacific Market Share and BPS Analysis by End-Use 2022 to 2032 Figure 89: South Asia & Pacific Market Y-o-Y Growth Projections by End-Use, 2021 to 2032 Figure 90: South Asia & Pacific Market Attractiveness by End-Use, 2022 to 2032 Figure 91: Middle East & Africa Market Share and BPS Analysis by Country 2022 to 2032 Figure 92: Middle East & Africa Market Y-o-Y Growth Projections by Country, 2021 to 2032 Figure 93: Middle East & Africa Market Attractiveness by Country, 2022 to 2032 Figure 94: GCC Countries Market Absolute $ Opportunity, 2021 to 2032 Figure 95: Turkey Market Absolute $ Opportunity, 2021 to 2032 Figure 96: South Africa Market Absolute $ Opportunity, 2021 to 2032 Figure 97: Rest of MEA Market Absolute $ Opportunity, 2021 to 2032 Figure 98: Rest of South Asia & Pacific Market Absolute $ Opportunity, 2021 to 2032 Figure 99: Middle East & Africa Market Share and BPS Analysis by System Type 2022 to 2032 Figure 100: Middle East & Africa Market Y-o-Y Growth Projections by System Type, 2021 to 2032 Figure 101: Middle East & Africa Market Attractiveness by System Type, 2022 to 2032 Figure 102: Middle East & Africa Market Share and BPS Analysis by End-Use 2022 to 2032 Figure 103: Middle East & Africa Market Y-o-Y Growth Projections by End-Use, 2021 to 2032 Figure 104: Middle East & Africa Market Attractiveness by End-Use, 2022 to 2032
Recommendations
Explore Industrial Automation Insights
View Reports