Global PV Micro Inverter Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global PV Micro Inverter Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global PV Micro Inverter market size was valued at USD 759.9 million in 2023 and is forecast to a readjusted size of USD 1712.4 million by 2030 with a CAGR of 12.3% during review period.

PV micro inverters convert direct current (DC) from solar panels into alternate current (AC) of the required frequency. The output from several microinverters is later combined and fed to electrical grids to generate power.

The APAC will be the largest market for solar microinverters during the forecast period . The market in this region will witness significant growth due to the high adoption rate of solar microinverters. The ability of such systems to bolster the energy harvest of a system will compel the populace in this region to adopt solar microinverters.

The Global Info Research report includes an overview of the development of the PV Micro Inverter industry chain, the market status of Residential (Standalone Systems, Integrated Systems), Commercial (Standalone Systems, Integrated Systems), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of PV Micro Inverter.

Regionally, the report analyzes the PV Micro Inverter markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global PV Micro Inverter market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the PV Micro Inverter market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the PV Micro Inverter industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Standalone Systems, Integrated Systems).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the PV Micro Inverter market.

Regional Analysis: The report involves examining the PV Micro Inverter market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the PV Micro Inverter market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to PV Micro Inverter:

Company Analysis: Report covers individual PV Micro Inverter manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards PV Micro Inverter This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Residential, Commercial).

Technology Analysis: Report covers specific technologies relevant to PV Micro Inverter. It assesses the current state, advancements, and potential future developments in PV Micro Inverter areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the PV Micro Inverter market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

PV Micro Inverter market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Standalone Systems
Integrated Systems

Market segment by Application
Residential
Commercial
Utility

Major players covered
ABB
Chilicon Power
Enphase Energy
Renesola
SMA Solar Technology
SolarEdge Technologies
Sungrow Power Supply
Schenzhen Kstar Science & Technology
TMEIC
SunPower Corp

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe PV Micro Inverter product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of PV Micro Inverter, with price, sales, revenue and global market share of PV Micro Inverter from 2019 to 2024.

Chapter 3, the PV Micro Inverter competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the PV Micro Inverter breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and PV Micro Inverter market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of PV Micro Inverter.

Chapter 14 and 15, to describe PV Micro Inverter sales channel, distributors, customers, research findings and conclusion.