Micro Inverter Market Size, Share, Growth, Forecast 2032

The global Micro Inverter market size was evaluated at $3.26 billion in 2023 and is slated to hit $15.40 billion by the end of 2032 with a CAGR of nearly 18.84% between 2023 and 2032.

Request Free Sample

The Micro Inverter market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The Micro Inverter industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

Micro Inverter Market: Overview

The report contains an analysis and forecast of the micro inverter market globally and regionally. It provides past data of 2016-2018 along with forecast data from 2019 to 2025 on the basis of revenue (USD Billion). The report includes drivers, challenges, and restraints for the micro inverter market along with the influence they have on demand during the projected period. Also, the report contains a study of opportunities available in the micro inverter market on a global level.

It also includes an elaborated competitive scenario and portfolio of key market players. To know the competitive landscape prevailing in the market, an analysis of Porter’s five forces model of the mentioned market is also been included. The study includes market attractiveness analysis, wherein segments are benchmarked based on the market growth rate, size, and attractiveness. The report is prepared using data sourced from in-house databases, the primary and secondary research team of industry experts.

Global micro inverter market is segmented into 4 segments and is further divided into sub-segments on the basis of type, communication technology, sales channel, application, and region. The type segment is majorly classified into single phase and three phase. The communication technology segment includes wired and wireless. Sales channel market is majorly classified into direct and indirect. On the basis of application, the market is segmented into residential, commercial and PV power plant and lastly, on the basis of region the market is segmented into North America, Europe, Latin America, Asia Pacific, and MEA. The above segments have been analyzed based on current and future trends and market estimated from 2018 to 2025.

Micro Inverter Market Growth Factors

• Micro inverters make make it possible to identify problems with the performance of specific solar panels.
• Increasing emphasis on energy independence and sustainability.
• Growing interest is a result of the advantages of microinverters promote the expansion of the micro inverters market.
• Compared to central inverters, there is less wiring and a more flexible system design.
• Lower costs and increased microinverter efficiency.
• It functions well with various roof angles and allows for partial shading adjustment.

Micro Inverter Market: Report Scope

Micro Inverter Market: Competitive Space

The competitive profiling of noticeable players of micro inverter includes company and financial overview, business strategies adopted by them, their recent developments and product offered by them which can help in assessing competition in the market. Noticeable players included in the report are Altenergy Power System, Enphase Energy, SunPower, Chilicon Power, Envertech , Siemens , Darfon Electronics , ReneSola and AEconversion among others.

Micro Inverter Market: Regional Insights

The regional segmentation includes the present and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into countries such as the U.S, Canada, Mexico, UK, France, Germany, China, India, Japan, South Korea, Brazil, Argentina, and GCC Countries among other countries.

Request Free Sample

The report segments the micro inverter market as follows:

Micro Inverter Market: Type Analysis

• Single Phase
• Three Phase

Micro Inverter Market: Communication Technology Analysis

• Wired
• Wireless

Micro Inverter Market: Sales Channel Analysis

• Direct
• Indirect

Micro Inverter Market: Application Analysis

• Residential
• Commercial
• PV Power Plant

Micro Inverter Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa