Report Detail

Energy & Power Global Solar Microinverter Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

  • RnM4600653
  • |
  • 02 July, 2024
  • |
  • Global
  • |
  • 96 Pages
  • |
  • GIR (Global Info Research)
  • |
  • Energy & Power

According to our (Global Info Research) latest study, the global Solar Microinverter market size was valued at USD 223.3 million in 2023 and is forecast to a readjusted size of USD 760.7 million by 2030 with a CAGR of 19.1% during review period.
A Solar Microinverter, or simply microinverter, is a plug-and-play device used in photovoltaics, that converts direct current (DC) generated by a single solar module to alternating current (AC). Microinverters contrast with conventional string and central solar inverters, in which a single inverter is connected to multiple solar panels. The output from several microinverters can be combined and often fed to the electrical grid.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.231 GW.
The Global Info Research report includes an overview of the development of the Solar Microinverter industry chain, the market status of Residential (Grid-Connected Solar Microinverter, Grid-Off Solar Microinverter), Commercial (Grid-Connected Solar Microinverter, Grid-Off Solar Microinverter), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Solar Microinverter.
Regionally, the report analyzes the Solar Microinverter 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 Solar Microinverter market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Solar Microinverter 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 Solar Microinverter 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., Grid-Connected Solar Microinverter, Grid-Off Solar Microinverter).
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 Solar Microinverter market.
Regional Analysis: The report involves examining the Solar Microinverter 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 Solar Microinverter market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Solar Microinverter:
Company Analysis: Report covers individual Solar Microinverter 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 Solar Microinverter 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 Solar Microinverter. It assesses the current state, advancements, and potential future developments in Solar Microinverter areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Solar Microinverter 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
Solar Microinverter 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
Grid-Connected Solar Microinverter
Grid-Off Solar Microinverter
Market segment by Application
Residential
Commercial
Other
Major players covered
Enphase Energy
SolarEdge Technologies
SMA
SunPower
Power-One
Sungrow
AP System
Samil Power
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 Solar Microinverter product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Solar Microinverter, with price, sales, revenue and global market share of Solar Microinverter from 2019 to 2024.
Chapter 3, the Solar Microinverter competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Solar Microinverter 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 Solar Microinverter 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 Solar Microinverter.
Chapter 14 and 15, to describe Solar Microinverter sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of Solar Microinverter
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Solar Microinverter Consumption Value by Type: 2019 Versus 2023 Versus 2030
    • 1.3.2 Grid-Connected Solar Microinverter
    • 1.3.3 Grid-Off Solar Microinverter
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Solar Microinverter Consumption Value by Application: 2019 Versus 2023 Versus 2030
    • 1.4.2 Residential
    • 1.4.3 Commercial
    • 1.4.4 Other
  • 1.5 Global Solar Microinverter Market Size & Forecast
    • 1.5.1 Global Solar Microinverter Consumption Value (2019 & 2023 & 2030)
    • 1.5.2 Global Solar Microinverter Sales Quantity (2019-2030)
    • 1.5.3 Global Solar Microinverter Average Price (2019-2030)

2 Manufacturers Profiles

  • 2.1 Enphase Energy
    • 2.1.1 Enphase Energy Details
    • 2.1.2 Enphase Energy Major Business
    • 2.1.3 Enphase Energy Solar Microinverter Product and Services
    • 2.1.4 Enphase Energy Solar Microinverter Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 Enphase Energy Recent Developments/Updates
  • 2.2 SolarEdge Technologies
    • 2.2.1 SolarEdge Technologies Details
    • 2.2.2 SolarEdge Technologies Major Business
    • 2.2.3 SolarEdge Technologies Solar Microinverter Product and Services
    • 2.2.4 SolarEdge Technologies Solar Microinverter Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 SolarEdge Technologies Recent Developments/Updates
  • 2.3 SMA
    • 2.3.1 SMA Details
    • 2.3.2 SMA Major Business
    • 2.3.3 SMA Solar Microinverter Product and Services
    • 2.3.4 SMA Solar Microinverter Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 SMA Recent Developments/Updates
  • 2.4 SunPower
    • 2.4.1 SunPower Details
    • 2.4.2 SunPower Major Business
    • 2.4.3 SunPower Solar Microinverter Product and Services
    • 2.4.4 SunPower Solar Microinverter Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 SunPower Recent Developments/Updates
  • 2.5 Power-One
    • 2.5.1 Power-One Details
    • 2.5.2 Power-One Major Business
    • 2.5.3 Power-One Solar Microinverter Product and Services
    • 2.5.4 Power-One Solar Microinverter Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Power-One Recent Developments/Updates
  • 2.6 Sungrow
    • 2.6.1 Sungrow Details
    • 2.6.2 Sungrow Major Business
    • 2.6.3 Sungrow Solar Microinverter Product and Services
    • 2.6.4 Sungrow Solar Microinverter Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 Sungrow Recent Developments/Updates
  • 2.7 AP System
    • 2.7.1 AP System Details
    • 2.7.2 AP System Major Business
    • 2.7.3 AP System Solar Microinverter Product and Services
    • 2.7.4 AP System Solar Microinverter Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 AP System Recent Developments/Updates
  • 2.8 Samil Power
    • 2.8.1 Samil Power Details
    • 2.8.2 Samil Power Major Business
    • 2.8.3 Samil Power Solar Microinverter Product and Services
    • 2.8.4 Samil Power Solar Microinverter Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 Samil Power Recent Developments/Updates

3 Competitive Environment: Solar Microinverter by Manufacturer

  • 3.1 Global Solar Microinverter Sales Quantity by Manufacturer (2019-2024)
  • 3.2 Global Solar Microinverter Revenue by Manufacturer (2019-2024)
  • 3.3 Global Solar Microinverter Average Price by Manufacturer (2019-2024)
  • 3.4 Market Share Analysis (2023)
    • 3.4.1 Producer Shipments of Solar Microinverter by Manufacturer Revenue ($MM) and Market Share (%): 2023
    • 3.4.2 Top 3 Solar Microinverter Manufacturer Market Share in 2023
    • 3.4.2 Top 6 Solar Microinverter Manufacturer Market Share in 2023
  • 3.5 Solar Microinverter Market: Overall Company Footprint Analysis
    • 3.5.1 Solar Microinverter Market: Region Footprint
    • 3.5.2 Solar Microinverter Market: Company Product Type Footprint
    • 3.5.3 Solar Microinverter Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Solar Microinverter Market Size by Region
    • 4.1.1 Global Solar Microinverter Sales Quantity by Region (2019-2030)
    • 4.1.2 Global Solar Microinverter Consumption Value by Region (2019-2030)
    • 4.1.3 Global Solar Microinverter Average Price by Region (2019-2030)
  • 4.2 North America Solar Microinverter Consumption Value (2019-2030)
  • 4.3 Europe Solar Microinverter Consumption Value (2019-2030)
  • 4.4 Asia-Pacific Solar Microinverter Consumption Value (2019-2030)
  • 4.5 South America Solar Microinverter Consumption Value (2019-2030)
  • 4.6 Middle East and Africa Solar Microinverter Consumption Value (2019-2030)

5 Market Segment by Type

  • 5.1 Global Solar Microinverter Sales Quantity by Type (2019-2030)
  • 5.2 Global Solar Microinverter Consumption Value by Type (2019-2030)
  • 5.3 Global Solar Microinverter Average Price by Type (2019-2030)

6 Market Segment by Application

  • 6.1 Global Solar Microinverter Sales Quantity by Application (2019-2030)
  • 6.2 Global Solar Microinverter Consumption Value by Application (2019-2030)
  • 6.3 Global Solar Microinverter Average Price by Application (2019-2030)

7 North America

  • 7.1 North America Solar Microinverter Sales Quantity by Type (2019-2030)
  • 7.2 North America Solar Microinverter Sales Quantity by Application (2019-2030)
  • 7.3 North America Solar Microinverter Market Size by Country
    • 7.3.1 North America Solar Microinverter Sales Quantity by Country (2019-2030)
    • 7.3.2 North America Solar Microinverter Consumption Value by Country (2019-2030)
    • 7.3.3 United States Market Size and Forecast (2019-2030)
    • 7.3.4 Canada Market Size and Forecast (2019-2030)
    • 7.3.5 Mexico Market Size and Forecast (2019-2030)

8 Europe

  • 8.1 Europe Solar Microinverter Sales Quantity by Type (2019-2030)
  • 8.2 Europe Solar Microinverter Sales Quantity by Application (2019-2030)
  • 8.3 Europe Solar Microinverter Market Size by Country
    • 8.3.1 Europe Solar Microinverter Sales Quantity by Country (2019-2030)
    • 8.3.2 Europe Solar Microinverter Consumption Value by Country (2019-2030)
    • 8.3.3 Germany Market Size and Forecast (2019-2030)
    • 8.3.4 France Market Size and Forecast (2019-2030)
    • 8.3.5 United Kingdom Market Size and Forecast (2019-2030)
    • 8.3.6 Russia Market Size and Forecast (2019-2030)
    • 8.3.7 Italy Market Size and Forecast (2019-2030)

9 Asia-Pacific

  • 9.1 Asia-Pacific Solar Microinverter Sales Quantity by Type (2019-2030)
  • 9.2 Asia-Pacific Solar Microinverter Sales Quantity by Application (2019-2030)
  • 9.3 Asia-Pacific Solar Microinverter Market Size by Region
    • 9.3.1 Asia-Pacific Solar Microinverter Sales Quantity by Region (2019-2030)
    • 9.3.2 Asia-Pacific Solar Microinverter Consumption Value by Region (2019-2030)
    • 9.3.3 China Market Size and Forecast (2019-2030)
    • 9.3.4 Japan Market Size and Forecast (2019-2030)
    • 9.3.5 Korea Market Size and Forecast (2019-2030)
    • 9.3.6 India Market Size and Forecast (2019-2030)
    • 9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
    • 9.3.8 Australia Market Size and Forecast (2019-2030)

10 South America

  • 10.1 South America Solar Microinverter Sales Quantity by Type (2019-2030)
  • 10.2 South America Solar Microinverter Sales Quantity by Application (2019-2030)
  • 10.3 South America Solar Microinverter Market Size by Country
    • 10.3.1 South America Solar Microinverter Sales Quantity by Country (2019-2030)
    • 10.3.2 South America Solar Microinverter Consumption Value by Country (2019-2030)
    • 10.3.3 Brazil Market Size and Forecast (2019-2030)
    • 10.3.4 Argentina Market Size and Forecast (2019-2030)

11 Middle East & Africa

  • 11.1 Middle East & Africa Solar Microinverter Sales Quantity by Type (2019-2030)
  • 11.2 Middle East & Africa Solar Microinverter Sales Quantity by Application (2019-2030)
  • 11.3 Middle East & Africa Solar Microinverter Market Size by Country
    • 11.3.1 Middle East & Africa Solar Microinverter Sales Quantity by Country (2019-2030)
    • 11.3.2 Middle East & Africa Solar Microinverter Consumption Value by Country (2019-2030)
    • 11.3.3 Turkey Market Size and Forecast (2019-2030)
    • 11.3.4 Egypt Market Size and Forecast (2019-2030)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
    • 11.3.6 South Africa Market Size and Forecast (2019-2030)

12 Market Dynamics

  • 12.1 Solar Microinverter Market Drivers
  • 12.2 Solar Microinverter Market Restraints
  • 12.3 Solar Microinverter Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Solar Microinverter and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Solar Microinverter
  • 13.3 Solar Microinverter Production Process
  • 13.4 Solar Microinverter Industrial Chain

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Solar Microinverter Typical Distributors
  • 14.3 Solar Microinverter Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Solar Microinverter. Industry analysis & Market Report on Solar Microinverter is a syndicated market report, published as Global Solar Microinverter Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Solar Microinverter market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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