Global Solar Micro Inverter Market, By Product (Single-Phase Inverter, Three-Phase Inverter and Multiphase Inverter), Application (Residential, Commercial and Utility), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Solar Micro Inverter Market
The solar micro inverter market is expected to witness market growth at a rate of 16.10% in the forecast period of 2021 to 2028 and is expected to reach USD 2,238.14 million by 2028. Data Bridge Market Research report on solar micro inverter market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the adoption of renewable energy generation is escalating the growth of solar micro inverter market.
A solar micro inverter is known to be a plug-and-play equipment that is utilized in the photovoltaic installations that converts the direct current that is generated by a single module to alternating current. Conflicting to conventional central inverters, micro inverters work on module level power electronics (MLPE), in which power conversion takes place at the individual module level.
Major factors that are expected to boost the growth of the solar micro inverter market in the forecast period are the rise in the benefits offered over conventional solar inverters. Furthermore, the micro solar inverters provide several benefits over the conventional string and central inverters like high energy yield is further anticipated to propel the growth of the solar micro inverter market. Moreover, the module-level monitoring abilities, longer life cycles, improved safety, betters flexibility, simplicity, and higher labor efficiency is further estimated to cushion the growth of the solar micro inverter market. On the other hand, the increase in the acceptance of DC optimizer is further projected to impede the growth of solar micro inverter market in the timeline period.
- In addition, the rise in the installation of home solar panels will further provide potential opportunities for the growth of the solar micro inverter market in the coming years. However, the incidence of economical solutions in solar PV panels which might further challenge the growth of the solar micro inverter market in the near future.
This solar micro inverter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the solar micro inverter market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Solar Micro Inverter Market Scope and Market Size
The solar micro inverter market is segmented on the basis of product and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the solar micro inverter market has been segmented into single-phase inverter, three-phase inverter and multiphase inverter.
- On the basis of application, the solar micro inverter market has been segmented into residential,
commercial and utility.
Solar Micro Inverter Market Country Level Analysis
The solar micro inverter market is analyzed, and market size, volume information is provided by country, product and application as referenced above.
The countries covered in the solar micro inverter market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the solar micro inverter market due to the rise in the number of micro-inverter installations. Furthermore, the suitable economic conditions will further boost the growth of the solar micro inverter market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the solar micro inverter market due to the increase in the rooftop installations. Moreover, the rise in the awareness of the advanced features in micro-inverters is further anticipated to propel the growth of the solar micro inverter market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Solar Micro Inverter Market Share Analysis
The solar micro inverter market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the solar micro inverter market.
The major players covered in the solar micro inverter market report are ABB, SMA Solar Technology AG, Canadian Solar., SolarEdge Technologies Inc, SunPower Corporation, Delta Electronics, Inc., Yaskawa – Solectria Solar, Sineng Electric, Hitachi Hi-Rel Power Electronics Private Limited, Endeavor Business Media, LLC., Northern Electric Power Technology Inc., SPARQ Systems, Chilicon Power, LLC., Altenergy Power System Inc., iEnergy Co. Ltd., Siemens, EnluxSolar Co. Ltd., Zhejiang Envertech Corporation Limited, Darfon Electronics Corp., and AEconversion GmbH & Co. KG., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL SOLAR MICRO INVERTER MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL SOLAR MICRO INVERTER MARKET
2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 MARKET GUIDE
2.2.4 COMPANY POSITIONING GRID
2.2.5 COMAPANY MARKET SHARE ANALYSIS
2.2.6 MULTIVARIATE MODELLING
2.2.7 TOP TO BOTTOM ANALYSIS
2.2.8 STANDARDS OF MEASUREMENT
2.2.9 VENDOR SHARE ANALYSIS
2.2.10 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.11 DATA POINTS FROM KEY SECONDARY DATABASES
2.3 GLOBAL SOLAR MICRO INVERTER MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3 MARKET OVERVIEW AND INDUSTRY TRENDS
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 USE CASE ANALYSIS
5.2 REGULATORY FRAMEWORK
5.3 TECHNOLOGY TREND ANALYSIS
5.4 PORTER’S FIVE FORCE MODEL
5.5 PATENT ANALYSIS
5.6 VALUE CHAIN ANALYSIS
5.7 PRICING ANALYSIS
6 GLOBAL SOLAR MICRO INVERTER MARKET, BY SYSTEM TYPE
6.1 OVERVIEW
6.2 STANDALONE
6.2.1 BY TYPE
6.2.1.1. PURE SINE WAVE
6.2.1.2. SQUARE WAVE
6.2.1.3. MODIFIED SINE WAVE
6.2.2 BY COMMUNICATION TECHNOLOGY
6.2.2.1. WIRED
6.2.2.2. WIRELESS
6.2.2.2.1. TYPE
6.2.2.2.1.1 BLUETOOTH
6.2.2.2.1.2 WI-FI
6.2.2.2.1.3 ZIGBEE
6.2.2.2.1.4 NFC
6.2.2.2.1.5 RFID
6.2.2.2.1.6 OTHERS
6.3 GRID-TIED
6.3.1 BY TYPE
6.3.1.1. SINGLE INPUT SINGLE OUTPUT (SISO) PLATFORM
6.3.1.2. MULTIPLE INPUT SINGLE OUTPUT (MISO) PLATFORM
6.3.2 BY COMMUNICATION TECHNOLOGY
6.3.2.1. WIRED
6.3.2.2. WIRELESS
6.3.2.2.1. TYPE
6.3.2.2.1.1 BLUETOOTH
6.3.2.2.1.2 WI-FI
6.3.2.2.1.3 ZIGBEE
6.3.2.2.1.4 NFC
6.3.2.2.1.5 RFID
6.3.2.2.1.6 OTHERS
7 GLOBAL SOLAR MICRO INVERTER MARKET, BY POWER RATING
7.1 OVERVIEW
7.2 BELOW 250 W
7.3 250 W TO 500 W
7.4 ABOVE 500 W
8 GLOBAL SOLAR MICRO INVERTER MARKET, BY OFFERING
8.1 OVERVIEW
8.2 HARDWARE
8.3 SOFTWARE
8.4 SERVICES
9 GLOBAL SOLAR MICRO INVERTER MARKET, BY PHASE TYPE
9.1 OVERVIEW
9.2 SINGLE PHASE
9.3 THREE PHASE
10 GLOBAL SOLAR MICRO INVERTER MARKET, BY CONNECTION TYPE
10.1 OVERVIEW
10.2 ON-GRID
10.3 OFF-GRID
11 GLOBAL SOLAR MICRO INVERTER MARKET, BY COMMUNICATION TECHNOLOGY
11.1 OVERVIEW
11.2 WIRED
11.3 WIRELESS
11.3.1 TYPE
11.3.1.1. BLUETOOTH
11.3.1.2. WI-FI
11.3.1.3. ZIGBEE
11.3.1.4. NFC
11.3.1.5. RFID
11.3.1.6. OTHERS
12 GLOBAL SOLAR MICRO INVERTER MARKET, BY END USER
12.1 OVERVIEW
12.2 RESIDENTIAL
12.2.1 BY TYPE
12.2.1.1. INDIVIDUAL HOMES
12.2.1.2. APARTMENTS
12.2.2 BY SYSTEM TYPE
12.2.2.1. STANDALONE
12.2.2.2. INTEGRATED
12.3 COMMERCIAL
12.3.1 BY TYPE
12.3.1.1. RETAIL
12.3.1.2. HOTELS & RESTAURANTS
12.3.1.3. EDUCATION INSTITUTIONS
12.3.1.4. GOVERNMENT INSTITUTIONS
12.3.1.5. HOSPITALS
12.3.1.6. AGRICULTURE
12.3.1.7. OTHERS
12.3.2 BY SYSTEM TYPE
12.3.2.1. STANDALONE
12.3.2.2. INTEGRATED
12.4 UTILITY
12.4.1 BY SYSTEM TYPE
12.4.1.1. STANDALONE
12.4.1.2. INTEGRATED
13 GLOBAL SOLAR MICRO INVERTER MARKET, BY SALES CHANNEL
13.1 OVERVIEW
13.2 DIRECT CHANNEL
13.3 INDIRECT CHANNEL
14 GLOBAL SOLAR MICRO INVERTER MARKET, BY GEOGRAPHY
14.1 GLOBAL SOLAR MICRO INVERTER MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
14.1.1 NORTH AMERICA
14.1.1.1. U.S.
14.1.1.2. CANADA
14.1.1.3. MEXICO
14.1.2 EUROPE
14.1.2.1. GERMANY
14.1.2.2. FRANCE
14.1.2.3. U.K.
14.1.2.4. ITALY
14.1.2.5. SPAIN
14.1.2.6. RUSSIA
14.1.2.7. TURKEY
14.1.2.8. BELGIUM
14.1.2.9. NETHERLANDS
14.1.2.10. SWITZERLAND
14.1.2.11. DENMARK
14.1.2.12. POLAND
14.1.2.13. SWEDEN
14.1.2.14. NORWAY
14.1.2.15. FINLAND
14.1.2.16. REST OF EUROPE
14.1.3 ASIA-PACIFIC
14.1.3.1. CHINA
14.1.3.2. JAPAN
14.1.3.3. INDIA
14.1.3.4. SOUTH KOREA
14.1.3.5. AUSTRALIA
14.1.3.6. SINGAPORE
14.1.3.7. MALAYSIA
14.1.3.8. THAILAND
14.1.3.9. INDONESIA
14.1.3.10. PHILIPPINES
14.1.3.11. NEW ZEALAND
14.1.3.12. TAIWAN
14.1.3.13. VIETNAM
14.1.3.14. REST OF ASIA-PACIFIC
14.1.4 SOUTH AMERICA
14.1.4.1. BRAZIL
14.1.4.2. ARGENTINA
14.1.4.3. REST OF SOUTH AMERICA
14.1.5 MIDDLE EAST AND AFRICA
14.1.5.1. SOUTH AFRICA
14.1.5.2. EGYPT
14.1.5.3. SAUDI ARABIA
14.1.5.4. U.A.E
14.1.5.5. ISRAEL
14.1.5.6. KUWAIT
14.1.5.7. OMAN
14.1.5.8. QATAR
14.1.5.9. BAHRAIN
14.1.5.10. REST OF MIDDLE EAST AND AFRICA
14.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
15 GLOBAL SOLAR MICRO INVERTER MARKET, COMPANY LANDSCAPE
15.1 COMPANY SHARE ANALYSIS: GLOBAL
15.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
15.3 COMPANY SHARE ANALYSIS: EUROPE
15.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
16 GLOBAL SOLAR MICRO INVERTER MARKET, SWOT & DBMR ANALYSIS
17 GLOBAL SOLAR MICRO INVERTER MARKET, COMPANY PROFILE
17.1 ENPHASE ENERGY INC.
17.1.1 COMPANY SNAPSHOT
17.1.2 REVENUE ANALYSIS
17.1.3 GEOGRAPHIC PRESENCE
17.1.4 PRODUCT PORTFOLIO
17.1.5 RECENT DEVELOPMENTS
17.2 SMA SOLAR TECHNOLOGY AG
17.2.1 COMPANY SNAPSHOT
17.2.2 REVENUE ANALYSIS
17.2.3 GEOGRAPHIC PRESENCE
17.2.4 PRODUCT PORTFOLIO
17.2.5 RECENT DEVELOPMENTS
17.3 WAAREE ENERGIES LTD
17.3.1 COMPANY SNAPSHOT
17.3.2 REVENUE ANALYSIS
17.3.3 GEOGRAPHIC PRESENCE
17.3.4 PRODUCT PORTFOLIO
17.3.5 RECENT DEVELOPMENTS
17.4 ABB LTD.
17.4.1 COMPANY SNAPSHOT
17.4.2 REVENUE ANALYSIS
17.4.3 GEOGRAPHIC PRESENCE
17.4.4 PRODUCT PORTFOLIO
17.4.5 RECENT DEVELOPMENTS
17.5 DARFON ELECTRONICS CORPORATION
17.5.1 COMPANY SNAPSHOT
17.5.2 REVENUE ANALYSIS
17.5.3 GECOGRAPHIC PRESENCE
17.5.4 PRODUCT PORTFOLIO
17.5.5 RECENT DEVELOPMENTS
17.6 NORTHERN ELECTRIC POWER TECHNOLOGY INC.
17.6.1 COMPANY SNAPSHOT
17.6.2 REVENUE ANALYSIS
17.6.3 GEOGRAPHIC PRESENCE
17.6.4 PRODUCT PORTFOLIO
17.6.5 RECENT DEVELOPMENTS
17.7 SPARQ SYSTEMS
17.7.1 COMPANY SNAPSHOT
17.7.2 REVENUE ANALYSIS
17.7.3 GEOGRAPHIC PRESENCE
17.7.4 PRODUCT PORTFOLIO
17.7.5 RECENT DEVELOPMENTS
17.8 CHILICON POWER,LLC
17.8.1 COMPANY SNAPSHOT
17.8.2 REVENUE ANALYSIS
17.8.3 GEOGRAPHIC PRESENCE
17.8.4 PRODUCT PORTFOLIO
17.8.5 RECENT DEVELOPMENTS
17.9 GRACERENEW.CO
17.9.1 COMPANY SNAPSHOT
17.9.2 REVENUE ANALYSIS
17.9.3 GEOGRAPHIC PRESENCE
17.9.4 PRODUCT PORTFOLIO
17.9.5 RECENT DEVELOPMENTS
17.1 INFINEON TECHNOLOGIES AG
17.10.1 COMPANY SNAPSHOT
17.10.2 REVENUE ANALYSIS
17.10.3 GECOGRAPHIC PRESENCE
17.10.4 PRODUCT PORTFOLIO
17.10.5 RECENT DEVELOPMENTS
17.11 TEXAS INSTRUMENTS INCORPORATED
17.11.1 COMPANY SNAPSHOT
17.11.2 REVENUE ANALYSIS
17.11.3 GEOGRAPHIC PRESENCE
17.11.4 PRODUCT PORTFOLIO
17.11.5 RECENT DEVELOPMENTS
17.12 U R ENERGY
17.12.1 COMPANY SNAPSHOT
17.12.2 REVENUE ANALYSIS
17.12.3 GEOGRAPHIC PRESENCE
17.12.4 PRODUCT PORTFOLIO
17.12.5 RECENT DEVELOPMENTS
17.13 ALTENERGY POWER SYSTEM INC.
17.13.1 COMPANY SNAPSHOT
17.13.2 REVENUE ANALYSIS
17.13.3 GEOGRAPHIC PRESENCE
17.13.4 PRODUCT PORTFOLIO
17.13.5 RECENT DEVELOPMENTS
17.14 NINGBO DEYE INVERTER TECHNOLOGY CO.，LTD.
17.14.1 COMPANY SNAPSHOT
17.14.2 REVENUE ANALYSIS
17.14.3 GEOGRAPHIC PRESENCE
17.14.4 PRODUCT PORTFOLIO
17.14.5 RECENT DEVELOPMENTS
17.15 SOLAREDGE TECHNOLOGIES INC.
17.15.1 COMPANY SNAPSHOT
17.15.2 REVENUE ANALYSIS
17.15.3 GECOGRAPHIC PRESENCE
17.15.4 PRODUCT PORTFOLIO
17.15.5 RECENT DEVELOPMENTS
17.16 LEADSOLAR ENERGY
17.16.1 COMPANY SNAPSHOT
17.16.2 REVENUE ANALYSIS
17.16.3 GEOGRAPHIC PRESENCE
17.16.4 PRODUCT PORTFOLIO
17.16.5 RECENT DEVELOPMENTS
17.17 CRYSTAL SOLAR ENERGY
17.17.1 COMPANY SNAPSHOT
17.17.2 REVENUE ANALYSIS
17.17.3 GEOGRAPHIC PRESENCE
17.17.4 PRODUCT PORTFOLIO
17.17.5 RECENT DEVELOPMENTS
17.18 HOYMILES
17.18.1 COMPANY SNAPSHOT
17.18.2 REVENUE ANALYSIS
17.18.3 GEOGRAPHIC PRESENCE
17.18.4 PRODUCT PORTFOLIO
17.18.5 RECENT DEVELOPMENTS
17.19 AECONVERSION GMBH & CO. KG.
17.19.1 COMPANY SNAPSHOT
17.19.2 REVENUE ANALYSIS
17.19.3 GEOGRAPHIC PRESENCE
17.19.4 PRODUCT PORTFOLIO
17.19.5 RECENT DEVELOPMENTS
17.2 ENVERTECH
17.20.1 COMPANY SNAPSHOT
17.20.2 REVENUE ANALYSIS
17.20.3 GECOGRAPHIC PRESENCE
17.20.4 PRODUCT PORTFOLIO
17.20.5 RECENT DEVELOPMENTS
17.21 SENSATA TECHNOLOGIES, INC.
17.21.1 COMPANY SNAPSHOT
17.21.2 REVENUE ANALYSIS
17.21.3 GEOGRAPHIC PRESENCE
17.21.4 PRODUCT PORTFOLIO
17.21.5 RECENT DEVELOPMENTS
17.22 SOLAR PANELS PLUS
17.22.1 COMPANY SNAPSHOT
17.22.2 REVENUE ANALYSIS
17.22.3 GEOGRAPHIC PRESENCE
17.22.4 PRODUCT PORTFOLIO
17.22.5 RECENT DEVELOPMENTS
17.23 STMICROELECTRONICS
17.23.1 COMPANY SNAPSHOT
17.23.2 REVENUE ANALYSIS
17.23.3 GEOGRAPHIC PRESENCE
17.23.4 PRODUCT PORTFOLIO
17.23.5 RECENT DEVELOPMENTS
17.24 DELTA ELECTRONICS, INC.
17.24.1 COMPANY SNAPSHOT
17.24.2 REVENUE ANALYSIS
17.24.3 GEOGRAPHIC PRESENCE
17.24.4 PRODUCT PORTFOLIO
17.24.5 RECENT DEVELOPMENTS
17.25 SIEMENS
17.25.1 COMPANY SNAPSHOT
17.25.2 REVENUE ANALYSIS
17.25.3 GECOGRAPHIC PRESENCE
17.25.4 PRODUCT PORTFOLIO
17.25.5 RECENT DEVELOPMENTS
*NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
18 CONCLUSION
19 RELATED REPORTS
20 ABOUT DATA BRIDGE MARKET RESEARCH
Global Solar Micro Inverter Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Solar Micro Inverter Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Solar Micro Inverter Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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