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Global Micro Inverter Market Research Report 2024
Synopsis
Micro inverter is an emerging solar inverter technology used to convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity.
The global Micro Inverter market was valued at US$ 2493 million in 2023 and is anticipated to reach US$ 5314.7 million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.
The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth.
This report aims to provide a comprehensive presentation of the global market for Micro Inverter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro Inverter.
Report Scope
The Micro Inverter market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Micro Inverter market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Micro Inverter manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Enphase Energy
ABB Group
SunPower
SMA Solar Technology
Delta Energy Systems
SolarEdge Technologies
ReneSola
Siemens
P&P Energy Technology
Involar
Alencon Systems
Delta Energy
Altenergy Power
Ampt
Array Power
Chilicon Power
i-Energy
KACO New Energy
Petra Systems
Solantro
Sparq Systems
Tigo Energy
Segment by Type
Single-phase
Three-phase
Segment by Application
Residential
Commercial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Micro Inverter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Micro Inverter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Micro Inverter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Micro inverter is an emerging solar inverter technology used to convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity.
The global Micro Inverter market was valued at US$ 2493 million in 2023 and is anticipated to reach US$ 5314.7 million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.
The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth.
This report aims to provide a comprehensive presentation of the global market for Micro Inverter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro Inverter.
Report Scope
The Micro Inverter market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Micro Inverter market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Micro Inverter manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Enphase Energy
ABB Group
SunPower
SMA Solar Technology
Delta Energy Systems
SolarEdge Technologies
ReneSola
Siemens
P&P Energy Technology
Involar
Alencon Systems
Delta Energy
Altenergy Power
Ampt
Array Power
Chilicon Power
i-Energy
KACO New Energy
Petra Systems
Solantro
Sparq Systems
Tigo Energy
Segment by Type
Single-phase
Three-phase
Segment by Application
Residential
Commercial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Micro Inverter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Micro Inverter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Micro Inverter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Micro Inverter Market Overview
1.1 Product Definition
1.2 Micro Inverter Segment by Type
1.2.1 Global Micro Inverter Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Single-phase
1.2.3 Three-phase
1.3 Micro Inverter Segment by Application
1.3.1 Global Micro Inverter Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential
1.3.3 Commercial
1.4 Global Market Growth Prospects
1.4.1 Global Micro Inverter Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Micro Inverter Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Micro Inverter Production Estimates and Forecasts (2019-2030)
1.4.4 Global Micro Inverter Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Micro Inverter Production Market Share by Manufacturers (2019-2024)
2.2 Global Micro Inverter Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Micro Inverter, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Micro Inverter Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Micro Inverter Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Micro Inverter, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Micro Inverter, Product Offered and Application
2.8 Global Key Manufacturers of Micro Inverter, Date of Enter into This Industry
2.9 Micro Inverter Market Competitive Situation and Trends
2.9.1 Micro Inverter Market Concentration Rate
2.9.2 Global 5 and 10 Largest Micro Inverter Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Micro Inverter Production by Region
3.1 Global Micro Inverter Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Micro Inverter Production Value by Region (2019-2030)
3.2.1 Global Micro Inverter Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Micro Inverter by Region (2025-2030)
3.3 Global Micro Inverter Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Micro Inverter Production by Region (2019-2030)
3.4.1 Global Micro Inverter Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Micro Inverter by Region (2025-2030)
3.5 Global Micro Inverter Market Price Analysis by Region (2019-2024)
3.6 Global Micro Inverter Production and Value, Year-over-Year Growth
3.6.1 North America Micro Inverter Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Micro Inverter Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Micro Inverter Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Micro Inverter Production Value Estimates and Forecasts (2019-2030)
4 Micro Inverter Consumption by Region
4.1 Global Micro Inverter Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Micro Inverter Consumption by Region (2019-2030)
4.2.1 Global Micro Inverter Consumption by Region (2019-2024)
4.2.2 Global Micro Inverter Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Micro Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Micro Inverter Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Micro Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Micro Inverter Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Micro Inverter Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Micro Inverter Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Micro Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Micro Inverter Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Micro Inverter Production by Type (2019-2030)
5.1.1 Global Micro Inverter Production by Type (2019-2024)
5.1.2 Global Micro Inverter Production by Type (2025-2030)
5.1.3 Global Micro Inverter Production Market Share by Type (2019-2030)
5.2 Global Micro Inverter Production Value by Type (2019-2030)
5.2.1 Global Micro Inverter Production Value by Type (2019-2024)
5.2.2 Global Micro Inverter Production Value by Type (2025-2030)
5.2.3 Global Micro Inverter Production Value Market Share by Type (2019-2030)
5.3 Global Micro Inverter Price by Type (2019-2030)
6 Segment by Application
6.1 Global Micro Inverter Production by Application (2019-2030)
6.1.1 Global Micro Inverter Production by Application (2019-2024)
6.1.2 Global Micro Inverter Production by Application (2025-2030)
6.1.3 Global Micro Inverter Production Market Share by Application (2019-2030)
6.2 Global Micro Inverter Production Value by Application (2019-2030)
6.2.1 Global Micro Inverter Production Value by Application (2019-2024)
6.2.2 Global Micro Inverter Production Value by Application (2025-2030)
6.2.3 Global Micro Inverter Production Value Market Share by Application (2019-2030)
6.3 Global Micro Inverter Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Enphase Energy
7.1.1 Enphase Energy Micro Inverter Corporation Information
7.1.2 Enphase Energy Micro Inverter Product Portfolio
7.1.3 Enphase Energy Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Enphase Energy Main Business and Markets Served
7.1.5 Enphase Energy Recent Developments/Updates
7.2 ABB Group
7.2.1 ABB Group Micro Inverter Corporation Information
7.2.2 ABB Group Micro Inverter Product Portfolio
7.2.3 ABB Group Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.2.4 ABB Group Main Business and Markets Served
7.2.5 ABB Group Recent Developments/Updates
7.3 SunPower
7.3.1 SunPower Micro Inverter Corporation Information
7.3.2 SunPower Micro Inverter Product Portfolio
7.3.3 SunPower Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.3.4 SunPower Main Business and Markets Served
7.3.5 SunPower Recent Developments/Updates
7.4 SMA Solar Technology
7.4.1 SMA Solar Technology Micro Inverter Corporation Information
7.4.2 SMA Solar Technology Micro Inverter Product Portfolio
7.4.3 SMA Solar Technology Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.4.4 SMA Solar Technology Main Business and Markets Served
7.4.5 SMA Solar Technology Recent Developments/Updates
7.5 Delta Energy Systems
7.5.1 Delta Energy Systems Micro Inverter Corporation Information
7.5.2 Delta Energy Systems Micro Inverter Product Portfolio
7.5.3 Delta Energy Systems Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Delta Energy Systems Main Business and Markets Served
7.5.5 Delta Energy Systems Recent Developments/Updates
7.6 SolarEdge Technologies
7.6.1 SolarEdge Technologies Micro Inverter Corporation Information
7.6.2 SolarEdge Technologies Micro Inverter Product Portfolio
7.6.3 SolarEdge Technologies Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.6.4 SolarEdge Technologies Main Business and Markets Served
7.6.5 SolarEdge Technologies Recent Developments/Updates
7.7 ReneSola
7.7.1 ReneSola Micro Inverter Corporation Information
7.7.2 ReneSola Micro Inverter Product Portfolio
7.7.3 ReneSola Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.7.4 ReneSola Main Business and Markets Served
7.7.5 ReneSola Recent Developments/Updates
7.8 Siemens
7.8.1 Siemens Micro Inverter Corporation Information
7.8.2 Siemens Micro Inverter Product Portfolio
7.8.3 Siemens Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Siemens Main Business and Markets Served
7.7.5 Siemens Recent Developments/Updates
7.9 P&P Energy Technology
7.9.1 P&P Energy Technology Micro Inverter Corporation Information
7.9.2 P&P Energy Technology Micro Inverter Product Portfolio
7.9.3 P&P Energy Technology Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.9.4 P&P Energy Technology Main Business and Markets Served
7.9.5 P&P Energy Technology Recent Developments/Updates
7.10 Involar
7.10.1 Involar Micro Inverter Corporation Information
7.10.2 Involar Micro Inverter Product Portfolio
7.10.3 Involar Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Involar Main Business and Markets Served
7.10.5 Involar Recent Developments/Updates
7.11 Alencon Systems
7.11.1 Alencon Systems Micro Inverter Corporation Information
7.11.2 Alencon Systems Micro Inverter Product Portfolio
7.11.3 Alencon Systems Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Alencon Systems Main Business and Markets Served
7.11.5 Alencon Systems Recent Developments/Updates
7.12 Delta Energy
7.12.1 Delta Energy Micro Inverter Corporation Information
7.12.2 Delta Energy Micro Inverter Product Portfolio
7.12.3 Delta Energy Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Delta Energy Main Business and Markets Served
7.12.5 Delta Energy Recent Developments/Updates
7.13 Altenergy Power
7.13.1 Altenergy Power Micro Inverter Corporation Information
7.13.2 Altenergy Power Micro Inverter Product Portfolio
7.13.3 Altenergy Power Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Altenergy Power Main Business and Markets Served
7.13.5 Altenergy Power Recent Developments/Updates
7.14 Ampt
7.14.1 Ampt Micro Inverter Corporation Information
7.14.2 Ampt Micro Inverter Product Portfolio
7.14.3 Ampt Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Ampt Main Business and Markets Served
7.14.5 Ampt Recent Developments/Updates
7.15 Array Power
7.15.1 Array Power Micro Inverter Corporation Information
7.15.2 Array Power Micro Inverter Product Portfolio
7.15.3 Array Power Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Array Power Main Business and Markets Served
7.15.5 Array Power Recent Developments/Updates
7.16 Chilicon Power
7.16.1 Chilicon Power Micro Inverter Corporation Information
7.16.2 Chilicon Power Micro Inverter Product Portfolio
7.16.3 Chilicon Power Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Chilicon Power Main Business and Markets Served
7.16.5 Chilicon Power Recent Developments/Updates
7.17 i-Energy
7.17.1 i-Energy Micro Inverter Corporation Information
7.17.2 i-Energy Micro Inverter Product Portfolio
7.17.3 i-Energy Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.17.4 i-Energy Main Business and Markets Served
7.17.5 i-Energy Recent Developments/Updates
7.18 KACO New Energy
7.18.1 KACO New Energy Micro Inverter Corporation Information
7.18.2 KACO New Energy Micro Inverter Product Portfolio
7.18.3 KACO New Energy Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.18.4 KACO New Energy Main Business and Markets Served
7.18.5 KACO New Energy Recent Developments/Updates
7.19 Petra Systems
7.19.1 Petra Systems Micro Inverter Corporation Information
7.19.2 Petra Systems Micro Inverter Product Portfolio
7.19.3 Petra Systems Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.19.4 Petra Systems Main Business and Markets Served
7.19.5 Petra Systems Recent Developments/Updates
7.20 Solantro
7.20.1 Solantro Micro Inverter Corporation Information
7.20.2 Solantro Micro Inverter Product Portfolio
7.20.3 Solantro Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.20.4 Solantro Main Business and Markets Served
7.20.5 Solantro Recent Developments/Updates
7.21 Sparq Systems
7.21.1 Sparq Systems Micro Inverter Corporation Information
7.21.2 Sparq Systems Micro Inverter Product Portfolio
7.21.3 Sparq Systems Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.21.4 Sparq Systems Main Business and Markets Served
7.21.5 Sparq Systems Recent Developments/Updates
7.22 Tigo Energy
7.22.1 Tigo Energy Micro Inverter Corporation Information
7.22.2 Tigo Energy Micro Inverter Product Portfolio
7.22.3 Tigo Energy Micro Inverter Production, Value, Price and Gross Margin (2019-2024)
7.22.4 Tigo Energy Main Business and Markets Served
7.22.5 Tigo Energy Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Micro Inverter Industry Chain Analysis
8.2 Micro Inverter Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Micro Inverter Production Mode & Process
8.4 Micro Inverter Sales and Marketing
8.4.1 Micro Inverter Sales Channels
8.4.2 Micro Inverter Distributors
8.5 Micro Inverter Customers
9 Micro Inverter Market Dynamics
9.1 Micro Inverter Industry Trends
9.2 Micro Inverter Market Drivers
9.3 Micro Inverter Market Challenges
9.4 Micro Inverter Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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