Executive Summary
Azoth Analytics has released a research report titled "Global MicroInverter Market (2023 Edition)" which provides a complete analysis of the Global MicroInverter Market industry in terms of market segmentation by Product (Single-phase, Three-phase), Connectivity (On-grid, Off-grid), Power Rating (<250W, 250W-500W, >500W) and End-user (Residential, Commercial, Utility). The report analyzes the market by region and by country for the historical period of 2019-2022, the estimated year of 2023 and the forecast period of 2024-2029.
The research study also assesses market growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market's evolution. During the forecast period, 2024-2029, the Global MicroInverter Market is expected to expand at a CAGR of 17.8%. The demand for improved performance and monitoring features in photovoltaic systems around the world, as well as rising solar PV installations, have all contributed to the market expansion of MicroInverter. The use of MLPE microinverters has also been aided by its capacity to reduce the impacts of shading, boost grid integration through sophisticated communication and monitoring systems, and optimize module-level power output.
The Global MicroInverter Market is expected to generate USD 5.72 billion by the end of 2029, up from USD 1.85 billion in 2022. With an emphasis on ecologically friendly production techniques and product design, sustainability continues to take on greater significance in the market. The global expansion of MicroInverter in the solar PV industry can be attributed to their ability to improve energy production, enhance monitoring capabilities, and provide a reliable solution for various solar applications while adapting to regional market dynamics and regulatory requirements.
Microinverters are becoming more efficient through innovations in power electronics and semiconductor technologies. Higher efficiency means less energy is lost during the DC-to-AC conversion process, resulting in higher energy yields from solar panels. This is particularly important in regions with suboptimal sunlight conditions or where space for solar installations is limited, as it maximizes the return on investment for solar projects.
Furthermore, advancements in microinverter communication and monitoring capabilities are enabling more sophisticated system control and real-time performance monitoring. This not only enhances system efficiency but also simplifies maintenance and troubleshooting. Installers and users can remotely monitor and diagnose issues, reducing downtime and minimizing maintenance costs.
Additionally, some microinverters are being designed to be compatible with energy storage solutions, allowing homeowners and businesses to harness the benefits of solar power even during grid outages or during night-time hours. As these technologies continue to evolve, they contribute significantly to the growing adoption of MicroInverter in the solar energy market, making them a promising choice for optimizing solar energy systems.
Scope of the Report:
- The report analyses the Global MicroInverter Market by Value (USD Million).
- The report analyses the Global MicroInverter Market by Volume (Million Units).
- The report presents the analysis of the Global MicroInverter Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
- The report analyses the Global MicroInverter Market by Product (Single-phase, Three-phase).
- The report analyses the MicroInverter Market by Connectivity (On-grid, Off-grid).
- The report analyses the MicroInverter Market by Power Rating (<250W, 250W-500W, >500W).
- The report analyses the MicroInverter Market by End-user (Residential, Commercial, Utility).
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Product, by Connectivity, by Power Rating and by End-user.
- Also, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Enphase Energy, Inc., Altenergy Power System, Inc., Hoymiles Power Electronics Inc, Generac Holdings Inc., ABB Ltd., Sensata Technologies, Inc., Darfon Solar, Tigo Energy, AEconversion GmbH & Co. KG, Sparq Systems.
Global MicroInverter Market (2023 Edition): Analysis By Value and Volume, Product (Single-phase, Three-phase), Connectivity (On-grid, Off-grid), Power Rating, End-user, By Region, By Country: Market Insights and Forecast (2019-2029)
Table of Contents
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
2.1 Diversify Product Portfolio
2.2 Invest in Research and Development (R&D)
3. Global MicroInverter Market: An Analysis (2019-2029)
3.1 Impact Analysis of Macro Economic Factors on MicroInverter Market
3.2 Global MicroInverter Market: Solar Energy Landscape
3.3 Global MicroInverter Market: Per Capita Electricity Demand
3.4 Global MicroInverter Market: Solar PV Installations
3.5 Global MicroInverter Market: Solar Investment
3.6 Global MicroInverter Market: Inverter- Leadership, Shipment
3.7 Global MicroInverter Market: Dashboard
3.8 Global MicroInverter Market: Market Value Assessment, 2019-2029 (USD Million)
3.9 Global MicroInverter Market: Market Volume Assessment, 2019-2029 (Million Units)
3.10 Global MicroInverter Market: Average Selling Price Analysis of MicroInverter Globally
3.11 Impact of COVID-19 on MicroInverter Market
3.12 Global MicroInverter Market Segmentation: By Product
3.12.1 Global MicroInverter Market, By Product Overview
3.12.2 Global MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
3.12.3 Global MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
3.13 Global MicroInverter Market Segmentation: By Connectivity
3.13.1 Global MicroInverter Market, By Connectivity Overview
3.13.2 Global MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
3.13.3 Global MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
3.14 Global MicroInverter Market Segmentation: By Power Rating
3.14.1 Global MicroInverter Market, By Power Rating Overview
3.14.2 Global MicroInverter Market Size, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
3.14.3 Global MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
3.14.4 Global MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
3.15 Global MicroInverter Market Segmentation: By End-user
3.15.1 Global MicroInverter Market, By End-user Overview
3.15.2 Global MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
3.15.3 Global MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
3.15.4 Global MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
4. Global MicroInverter Market: Regional Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas MicroInverter Market: An Analysis (2019-2029)
5.1 Americas MicroInverter Market: Snapshot
5.2 Americas MicroInverter Market: Market Size and CAGR, By Value, 2019-2029 (USD Million & CAGR)
5.3 Americas MicroInverter Market: Market Size and CAGR, By Volume, 2019-2029 (Million Units & CAGR)
5.4 Americas MicroInverter Market: Key Factors
5.5 Americas MicroInverter Market Segmentation: By Product
5.5.1 Americas MicroInverter Market, By Product Overview
5.5.2 Americas MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
5.5.3 Americas MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
5.6 Americas MicroInverter Market Segmentation: By Connectivity
5.6.1 Americas MicroInverter Market, By Connectivity Overview
5.6.2 Americas MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
5.6.3 Americas MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
5.7 Americas MicroInverter Market Segmentation: By Power Rating
5.7.1 Americas MicroInverter Market, By Power Rating Overview
5.7.2 Americas MicroInverter Market Size, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
5.7.3 Americas MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
5.7.4 Americas MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
5.8 Americas MicroInverter Market Segmentation: By End-user
5.8.1 Americas MicroInverter Market, By End-user Overview
5.8.2 Americas MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
5.8.3 Americas MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
5.8.4 Americas MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
5.9 Americas MicroInverter Market Segmentation: By Country
5.9.1 Americas MicroInverter Market, By Country Overview
5.9.2 United States MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.9.2.1 United States MicroInverter Market, By Product
5.9.2.2 United States MicroInverter Market, By Connectivity
5.9.2.3 United States MicroInverter Market, By Power Rating
5.9.2.4 United States MicroInverter Market, By End-user
5.9.3 Canada MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.9.3.1 Canada MicroInverter Market, By Product
5.9.3.2 Canada MicroInverter Market, By Connectivity
5.9.3.3 Canada MicroInverter Market, By Power Rating
5.9.3.4 Canada MicroInverter Market, By End-user
5.9.4 Brazil MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.9.4.1 Brazil MicroInverter Market, By Product
5.9.4.2 Brazil MicroInverter Market, By Connectivity
5.9.4.3 Brazil MicroInverter Market, By Power Rating
5.9.4.4 Brazil MicroInverter Market, By End-user
5.9.5 Rest of Americas MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.9.5.1 Rest of Americas MicroInverter Market, By Product
5.9.5.2 Rest of Americas MicroInverter Market, By Connectivity
5.9.5.3 Rest of Americas MicroInverter Market, By Power Rating
5.9.5.4 Rest of Americas MicroInverter Market, By End-user
6. Europe MicroInverter Market: An Analysis (2019-2029)
6.1 Europe MicroInverter Market: Snapshot
6.2 Europe MicroInverter Market: Market Size and CAGR, By Value, 2019-2029 (USD Million & CAGR)
6.3 Europe MicroInverter Market: Market Size and CAGR, By Volume, 2019-2029 (Million Units & CAGR)
6.4 Europe MicroInverter Market: Key Factors
6.5 Europe MicroInverter Market Segmentation: By Product
6.5.1 Europe MicroInverter Market, By Product Overview
6.5.2 Europe MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
6.5.3 Europe MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
6.6 Europe MicroInverter Market Segmentation: By Connectivity
6.6.1 Europe MicroInverter Market, By Connectivity Overview
6.6.2 Europe MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
6.6.3 Europe MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
6.7 Europe MicroInverter Market Segmentation: By Power Rating
6.7.1 Europe MicroInverter Market, By Power Rating Overview
6.7.2 Europe MicroInverter Market Size, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
6.7.3 Europe MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
6.7.4 Europe MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
6.8 Europe MicroInverter Market Segmentation: By End-user
6.8.1 Europe MicroInverter Market, By End-user Overview
6.8.2 Europe MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
6.8.3 Europe MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
6.8.4 Europe MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
6.9 Europe MicroInverter Market Segmentation: By Country
6.9.1 Europe MicroInverter Market, By Country Overview
6.9.2 Germany MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.9.2.1 Germany MicroInverter Market, By Product
6.9.2.2 Germany MicroInverter Market, By Connectivity
6.9.2.3 Germany MicroInverter Market, By Power Rating
6.9.2.4 Germany MicroInverter Market, By End-user
6.9.3 United Kingdom MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.9.3.1 United Kingdom MicroInverter Market, By Product
6.9.3.2 United Kingdom MicroInverter Market, By Connectivity
6.9.3.3 United Kingdom MicroInverter Market, By Power Rating
6.9.3.4 United Kingdom MicroInverter Market, By End-user
6.9.4 Italy MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.9.4.1 Italy MicroInverter Market, By Product
6.9.4.2 Italy MicroInverter Market, By Connectivity
6.9.4.3 Italy MicroInverter Market, By Power Rating
6.9.4.4 Italy MicroInverter Market, By End-user
6.9.5 Rest of Europe MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.9.5.1 Rest of Europe MicroInverter Market, By Product
6.9.5.2 Rest of Europe MicroInverter Market, By Connectivity
6.9.5.3 Rest of Europe MicroInverter Market, By Power Rating
6.9.5.4 Rest of Europe MicroInverter Market, By End-user
7. Asia Pacific MicroInverter Market: An Analysis (2019-2029)
7.1 Asia Pacific MicroInverter Market: Snapshot
7.2 Asia Pacific MicroInverter Market: Market Size and CAGR, By Value, 2019-2029 (USD Million & CAGR)
7.3 Asia Pacific MicroInverter Market: Market Size and CAGR, By Volume, 2019-2029 (Million Units & CAGR)
7.4 Asia Pacific MicroInverter Market: Key Factors
7.5 Asia Pacific MicroInverter Market Segmentation: By Product
7.5.1 Asia Pacific MicroInverter Market, By Product Overview
7.5.2 Asia Pacific MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
7.5.3 Asia Pacific MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
7.6 Asia Pacific MicroInverter Market Segmentation: By Connectivity
7.6.1 Asia Pacific MicroInverter Market, By Connectivity Overview
7.6.2 Asia Pacific MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
7.6.3 Asia Pacific MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
7.7 Asia Pacific MicroInverter Market Segmentation: By Power Rating
7.7.1 Asia Pacific MicroInverter Market, By Power Rating Overview
7.7.2 Asia Pacific MicroInverter Market Size, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
7.7.3 Asia Pacific MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
7.7.4 Asia Pacific MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
7.8 Asia Pacific MicroInverter Market Segmentation: By End-user
7.8.1 Asia Pacific MicroInverter Market, By End-user Overview
7.8.2 Asia Pacific MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
7.8.3 Asia Pacific MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
7.8.4 Asia Pacific MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
7.9 Asia Pacific MicroInverter Market Segmentation: By Country
7.9.1 Asia Pacific MicroInverter Market, By Country Overview
7.9.2 China MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.2.1 China MicroInverter Market, By Product
7.9.2.2 China MicroInverter Market, By Connectivity
7.9.2.3 China MicroInverter Market, By Power Rating
7.9.2.4 China MicroInverter Market, By End-user
7.9.3 Japan MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.3.1 Japan MicroInverter Market, By Product
7.9.3.2 Japan MicroInverter Market, By Connectivity
7.9.3.3 Japan MicroInverter Market, By Power Rating
7.9.3.4 Japan MicroInverter Market, By End-user
7.9.4 South Korea MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.4.1 South Korea MicroInverter Market, By Product
7.9.4.2 South Korea MicroInverter Market, By Connectivity
7.9.4.3 South Korea MicroInverter Market, By Power Rating
7.9.4.4 South Korea MicroInverter Market, By End-user
7.9.5 India MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.5.1 India MicroInverter Market, By Product
7.9.5.2 India MicroInverter Market, By Connectivity
7.9.5.3 India MicroInverter Market, By Power Rating
7.9.5.4 India MicroInverter Market, By End-user
7.9.6 Rest of Asia Pacific MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.9.6.1 Rest of Asia Pacific MicroInverter Market, By Product
7.9.6.2 Rest of Asia Pacific MicroInverter Market, By Connectivity
7.9.6.3 Rest of Asia Pacific MicroInverter Market, By Power Rating
7.9.6.4 Rest of Asia Pacific MicroInverter Market, By End-user
8. Middle East & Africa MicroInverter Market: An Analysis (2019-2029)
8.1 Middle East & Africa MicroInverter Market: Snapshot
8.2 Middle East & Africa MicroInverter Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
8.3 Middle East & Africa MicroInverter Market: Market Size and CAGR, By Volume, 2019-2029 (Million Units & CAGR)
8.4 Middle East & Africa MicroInverter Market: Key Factors
8.5 Middle East & Africa MicroInverter Market Segmentation: By Product
8.5.1 Middle East & Africa MicroInverter Market, By Product Overview
8.5.2 Middle East & Africa MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
8.5.3 Middle East & Africa MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
8.6 Middle East & Africa MicroInverter Market Segmentation: By Connectivity
8.6.1 Middle East & Africa MicroInverter Market, By Connectivity Overview
8.6.2 Middle East & Africa MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
8.6.3 Middle East & Africa MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
8.7 Middle East & Africa MicroInverter Market Segmentation: By Power Rating
8.7.1 Middle East & Africa MicroInverter Market, By Power Rating Overview
8.7.2 Middle East & Africa MicroInverter Market Size, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
8.7.3 Middle East & Africa MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
8.7.4 Middle East & Africa MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
8.8 Middle East & Africa MicroInverter Market Segmentation: By End-user
8.8.1 Middle East & Africa MicroInverter Market, By End-user Overview
8.8.2 Middle East & Africa MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
8.8.3 Middle East & Africa MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
8.8.4 Middle East & Africa MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
9. Market Dynamics
9.1 Impact Assessment of Market Dynamics on the Global MicroInverter Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Value Chain Analysis
10.2 Porter's Five Forces Model
11. Competitive Positioning
11.1 Companies' Product Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of MicroInverter Market
11.4 Company Profiles
11.4.1 Enphase Energy, Inc.
11.4.2 Altenergy Power System, Inc.
11.4.3 Hoymiles Power Electronics Inc
11.4.4 Generac Holdings Inc.
11.4.5 ABB Ltd.
11.4.6 Sensata Technologies, Inc.
11.4.7 Darfon Solar
11.4.8 Tigo Energy
11.4.9 AEconversion GmbH & Co. KG
11.4.10 Sparq Systems
List of Figures
Figure 1: Installed Electricity Capacity, New Energy Outlook, 2020
Figure 2: Global PV Inverter Shipments (GW)
Figure 3: Global Solar PV Capacity in GW, (2019-2022)
Figure 4: Energy Storage Inverter Installations (GW)
Figure 5: Solar PV Share in Total Generation, by countries, 2030 and 2050
Figure 6: PV Penetration, Installed Capacity, by country, 2020
Figure 7: Capita Electricity Demand (MWh) in 2022 - ISA Member Countries
Figure 8: Per Capita Electricity Demand in MWh, Europe and others, 2019-2022
Figure 9: Per Capita Electricity Demand in MWh, Asia Pacific, 2019-2022
Figure 10: Per Capita Electricity Demand in MWh, Latin America and Caribbean, 2019-2022
Figure 11: Per Capita Electricity Demand in MWh, Africa, 2019-2022
Figure 12: Top 5 ISA Member Countries by Solar Installation, Europe and others, 2022 (Total: 243 GW)
Figure 13: Top 5 ISA Member Countries by Solar Installation, Latin America and Caribbean, 2022 (Total: 33 GW)
Figure 14: Top 5 ISA Member Countries by Solar Installation, Asia Pacific, 2022 (Total: 172 GW)
Figure 15: Top 5 ISA Member Countries by Solar PV Installation, Africa, 2022 (Total: 2,949 MW)
Figure 16: Solar PV Installations (GW), 2018-2050
Figure 17: Solar PV Installed Capacities (GW), by region, 2018-2050
Figure 18: Investments in Solar Project Development, Global (in USD Billion)
Figure 19: Country-level Investments in Solar Project Development, 2021 (in USD Billion)
Figure 20: Investments in solar by Top Five Commercial Banks (in USD Billion)
Figure 21: Solar PV Inverters: Infrastructure
Figure 22: Microinverter Shipments, Estimation, (MWac)
Figure 23: Global MicroInverter Market Size, By Value, 2019-2022 (USD Million)
Figure 24: Global MicroInverter Market Size, By Value, 2023-2029 (USD Million)
Figure 25: Global MicroInverter Market CAGR (%), By Value, 2019-2022, 2024-2029
Figure 26: Global MicroInverter Market Size, By Volume, 2019-2022 (Million Units)
Figure 27: Global MicroInverter Market Size, By Volume, 2023-2029 (Million Units)
Figure 28: Global MicroInverter Market CAGR (%), By Volume, 2019-2022, 2024-2029
Figure 29: Average MicroInverter Price, By Region, 2022 (USD/Unit)
Figure 30: Global MicroInverter Market Size, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 31: Global MicroInverter Market Absolute Opportunity, By Single-phase, 2019-2029 (USD Million)
Figure 32: Global MicroInverter Market Size, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 33: Global MicroInverter Market Absolute Opportunity, By Three-phase, 2019-2029 (USD Million)
Figure 34: Global MicroInverter Market Size, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 35: Global MicroInverter Market Absolute Opportunity, By On-grid, 2019-2029 (USD Million)
Figure 36: Global MicroInverter Market Size, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 37: Global MicroInverter Market Absolute Opportunity, By Off-grid, 2019-2029 (USD Million)
Figure 38: Global MicroInverter Market Size, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 39: Global MicroInverter Market Absolute Opportunity, By <250W, 2019-2029 (USD Million)
Figure 40: Global MicroInverter Market Size, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 41: Global MicroInverter Market Absolute Opportunity, By 250W-500W, 2019-2029 (USD Million)
Figure 42: Global MicroInverter Market Size, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 43: Global MicroInverter Market Absolute Opportunity, By >500W, 2019-2029 (USD Million)
Figure 44: Global MicroInverter Market Size, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
Figure 45: Global MicroInverter Market Absolute Opportunity, By Residential, 2019-2029 (USD Million)
Figure 46: Global MicroInverter Market Size, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
Figure 47: Global MicroInverter Market Absolute Opportunity, By Commercial, 2019-2029 (USD Million)
Figure 48: Global MicroInverter Market Size, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
Figure 49: Global MicroInverter Market Absolute Opportunity, By Utility, 2019-2029 (USD Million)
Figure 50: Americas MicroInverter Market Size, By Value, 2019H-2029F (USD Million)
Figure 51: Americas MicroInverter Market Size, By Value, 2023-2029 (USD Million)
Figure 52: Americas MicroInverter Market Size, By Volume, 2019-2022 (Million Units)
Figure 53: Americas MicroInverter Market Size, By Volume, 2023-2029 (Million Units)
Figure 54: Americas MicroInverter Market, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 55: Americas MicroInverter Market, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 56: Americas MicroInverter Market, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 57: Americas MicroInverter Market, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 58: Americas MicroInverter Market, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 59: Americas MicroInverter Market, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 60: Americas MicroInverter Market, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 61: Americas MicroInverter Market, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
Figure 62: Americas MicroInverter Market, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
Figure 63: Americas MicroInverter Market, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
Figure 64: United States MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 65: United States MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 66: United States MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 67: United States MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 68: United States MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 69: United States MicroInverter Market Share, By End-user, 2022 (%)
Figure 70: Canada MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 71: Canada MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 72: Canada MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 73: Canada MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 74: Canada MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 75: Canada MicroInverter Market Share, By End-user, 2022 (%)
Figure 76: Brazil MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 77: Brazil MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 78: Brazil MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 79: Brazil MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 80: Brazil MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 81: Brazil MicroInverter Market Share, By End-user, 2022 (%)
Figure 82: Rest of Americas MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 83: Rest of Americas MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 84: Rest of Americas MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 85: Rest of Americas MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 86: Rest of Americas MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 87: Rest of Americas MicroInverter Market Share, By End-user, 2022 (%)
Figure 88: Europe MicroInverter Market Size, By Value, 2019H-2029F (USD Million)
Figure 89: Europe MicroInverter Market Size, By Value, 2023-2029 (USD Million)
Figure 90: Europe MicroInverter Market Size, By Volume, 2019-2022 (Million Units)
Figure 91: Europe MicroInverter Market Size, By Volume, 2023-2029 (Million Units)
Figure 92: Europe MicroInverter Market, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 93: Europe MicroInverter Market, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 94: Europe MicroInverter Market, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 95: Europe MicroInverter Market, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 96: Europe MicroInverter Market, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 97: Europe MicroInverter Market, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 98: Europe MicroInverter Market, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 99: Europe MicroInverter Market, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
Figure 100: Europe MicroInverter Market, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
Figure 101: Europe MicroInverter Market, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
Figure 102: Germany MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 103: Germany MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 104: Germany MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 105: Germany MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 106: Germany MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 107: Germany MicroInverter Market Share, By End-user, 2022 (%)
Figure 108: United Kingdom MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 109: United Kingdom MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 110: United Kingdom MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 111: United Kingdom MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 112: United Kingdom MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 113: United Kingdom MicroInverter Market Share, By End-user, 2022 (%)
Figure 114: Italy MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 115: Italy MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 116: Italy MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 117: Italy MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 118: Italy MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 119: Italy MicroInverter Market Share, By End-user, 2022 (%)
Figure 120: Rest of Europe MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 121: Rest of Europe MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 122: Rest of Europe MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 123: Rest of Europe MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 124: Rest of Europe MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 125: Rest of Europe MicroInverter Market Share, By End-user, 2022 (%)
Figure 126: Asia Pacific MicroInverter Market Size, By Value, 2019H-2029F (USD Million)
Figure 127: Asia Pacific MicroInverter Market Size, By Value, 2023-2029 (USD Million)
Figure 128: Asia Pacific MicroInverter Market Size, By Volume, 2019-2022 (Million Units)
Figure 129: Asia Pacific MicroInverter Market Size, By Volume, 2023-2029 (Million Units)
Figure 130: Asia Pacific MicroInverter Market, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 131: Asia Pacific MicroInverter Market, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 132: Asia Pacific MicroInverter Market, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 133: Asia Pacific MicroInverter Market, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 134: Asia Pacific MicroInverter Market, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 135: Asia Pacific MicroInverter Market, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 136: Asia Pacific MicroInverter Market, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 137: Asia Pacific MicroInverter Market, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
Figure 138: Asia Pacific MicroInverter Market, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
Figure 139: Asia Pacific MicroInverter Market, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
Figure 140: China MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 141: China MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 142: China MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 143: China MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 144: China MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 145: China MicroInverter Market Share, By End-user, 2022 (%)
Figure 146: Japan MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 147: Japan MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 148: Japan MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 149: Japan MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 150: Japan MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 151: Japan MicroInverter Market Share, By End-user, 2022 (%)
Figure 152: South Korea MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 153: South Korea MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 154: South Korea MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 155: South Korea MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 156: South Korea MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 157: South Korea MicroInverter Market Share, By End-user, 2022 (%)
Figure 158: India MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 159: India MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 160: India MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 161: India MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 162: India MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 163: India MicroInverter Market Share, By End-user, 2022 (%)
Figure 164: Rest of Asia Pacific MicroInverter Market, By Value, 2019-2029 (USD Million & CAGR)
Figure 165: Rest of Asia Pacific MicroInverter Market Value, By Product, 2022 (USD Million)
Figure 166: Rest of Asia Pacific MicroInverter Market Share, By Product, By Value, 2022 (%)
Figure 167: Rest of Asia Pacific MicroInverter Market Share, By Connectivity, 2022 (%)
Figure 168: Rest of Asia Pacific MicroInverter Market Share, By Power Rating, 2022 (%)
Figure 169: Rest of Asia Pacific MicroInverter Market Share, By End-user, 2022 (%)
Figure 170: Middle East and Africa MicroInverter Market Size, By Value, 2019H-2029F (USD Million)
Figure 171: Middle East and Africa MicroInverter Market Size, By Value, 2023-2029 (USD Million)
Figure 172: Middle East and Africa MicroInverter Market Size, By Volume, 2019-2022 (Million Units)
Figure 173: Middle East and Africa MicroInverter Market Size, By Volume, 2023-2029 (Million Units)
Figure 174: Middle East and Africa MicroInverter Market, By Single-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 175: Middle East and Africa MicroInverter Market, By Three-phase, By Value, 2019H-2029F (USD Million & CAGR)
Figure 176: Middle East and Africa MicroInverter Market, By On-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 177: Middle East and Africa MicroInverter Market, By Off-grid, By Value, 2019H-2029F (USD Million & CAGR)
Figure 178: Middle East and Africa MicroInverter Market, By <250W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 179: Middle East and Africa MicroInverter Market, By 250W-500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 180: Middle East and Africa MicroInverter Market, By >500W, By Value, 2019H-2029F (USD Million & CAGR)
Figure 181: Middle East and Africa MicroInverter Market, By Residential, By Value, 2019H-2029F (USD Million & CAGR)
Figure 182: Middle East and Africa MicroInverter Market, By Commercial, By Value, 2019H-2029F (USD Million & CAGR)
Figure 183: Middle East and Africa MicroInverter Market, By Utility, By Value, 2019H-2029F (USD Million & CAGR)
Figure 184: Global Impact of Drivers and Restraints
Figure 185: Market Share of Prominent Companies of MicroInverter Market, 2022 (%)
Figure 186: Enphase Energy, Inc. Revenues, 2020-2022 (USD Million)
Figure 187: Enphase Energy, Inc., Revenue By Timing of revenue recognition, 2022 (%)
Figure 188: Enphase Energy, Inc., Revenue By Geographic Segment, 2022 (%)
Figure 189: Altenergy Power System, Inc. Revenues, 2020-2022 (USD Million)
Figure 190: Hoymiles Power Electronics Inc Revenues, 2020-2022 (USD Million)
Figure 191: Hoymiles Power Electronics Inc, Revenue By Business Segment, 2022 (%)
Figure 192: Hoymiles Power Electronics Inc, Revenue By Geographic Segment, 2022 (%)
Figure 193: Generac Holdings Inc. Revenues, 2020-2022 (USD Million)
Figure 194: Generac Holdings Inc., Revenue By Business Segment, 2022 (%)
Figure 195: Generac Holdings Inc., Revenue By Geographic Segment, 2022 (%)
Figure 196: ABB Ltd. Revenues, 2020-2022 (USD Million)
Figure 197: ABB Ltd., Revenue By Business Segment, 2022 (%)
Figure 198: ABB Ltd., Revenue By Geographic Segment, 2022 (%)
Figure 199: Sensata Technologies, Inc. Revenues, 2020-2022 (USD Million)
Figure 200: Sensata Technologies, Inc., Revenue By Business Segment, 2022 (%)
Figure 201: Sensata Technologies, Inc., Revenue
Global TPT Back Sheet Market Research Report 2024
Published: 10-Jan-2024 Price: US 2900 Onwards Pages: 103
TPT (polyvinyl fluoride composite film) is used as a back protective encapsulation material on The back of The custom solar panel. The thickness is 0.17mm, The longitudinal shrinkage is not more than 1.5%, and The TPT used for encapsulation should have at least three layers: The outer protective layer PVF has good environmental corrosion resistance, The middle layer is polyester film, has good insulation performance, inner layer PVF requires surface treatment and EVA has good bonding properties.......
Global Perovskite Solar Cells Module Market Research Report 2024
Published: 08-Jan-2024 Price: US 2900 Onwards Pages: 92
A perovskite solar cell is a type of solar cell which includes a perovskite structured compound, most commonly a hybrid organic-inorganic lead or tin halide-based material, as The light-harvesting active layer. Perovskite materials such as methylammonium lead halides are cheap to produce and simple to manufacture.
The global Perovskite Solar Cells Module market was valued at US$ 630 million in 2023 and is anticipated to reach US$ 2773.3 million by 2030, witnessing a CAGR of 23.3% du......
Global Organic Photovoltaics (OPV) Market Research Report 2024
Published: 08-Jan-2024 Price: US 2900 Onwards Pages: 133
Organic photovoltaics (OPV) is a rapidly emerging PV technology that convert sunlight into electricity by employing thin films of organic semiconductors. It has a photosensitive nature of The organic matter as a semiconductor material, The photovoltaic effect of The voltage generated by The current to achieve The effect of solar power.
The global Organic Photovoltaics (OPV) market was valued at US$ 120.3 million in 2023 and is anticipated to reach US$ 724.8 million by 2030, witnessi......
Global Solar Control Window Films Market Research Report 2024
Published: 08-Jan-2024 Price: US 2900 Onwards Pages: 114
Solar Control Window Films is a highly engineered, optically clear, polyester film composite. It undergoes various treatments to provide safety, security, solar control and decorative enhancements for building and transportation glazing.
The global Solar Control Window Films market was valued at US$ 1580.5 million in 2023 and is anticipated to reach US$ 1962.1 million by 2030, witnessing a CAGR of 3.1% during The forecast period 2024-2030.
Eastman, 3M, Saint Gobain, Madico an......
Global Solar Glass Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 111
According to our LPI (LP Information) latest study, the global Solar Glass market size was valued at US$ 5801.3 million in 2023. With growing demand in downstream market, the Solar Glass is forecast to a readjusted size of US$ 14890 million by 2030 with a CAGR of 14.4% during review period.
The research report highlights the growth potential of the global Solar Glass market. Solar Glass are expected to show stable growth in the future market. However, product differentiation, reducing co......
Global Building Applied Photovoltaics (BAPV) Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 98
According to our LPI (LP Information) latest study, the global Building Applied Photovoltaics (BAPV) market size was valued at US$ 511.2 million in 2023. With growing demand in downstream market, the Building Applied Photovoltaics (BAPV) is forecast to a readjusted size of US$ 647.1 million by 2030 with a CAGR of 3.4% during review period.
The research report highlights the growth potential of the global Building Applied Photovoltaics (BAPV) market. Building Applied Photovoltaics (BAPV) ......
Global Solar Water Heater Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 100
According to our LPI (LP Information) latest study, the global Solar Water Heater market size was valued at US$ 2844.3 million in 2023. With growing demand in downstream market, the Solar Water Heater is forecast to a readjusted size of US$ 4388.7 million by 2030 with a CAGR of 6.4% during review period.
The research report highlights the growth potential of the global Solar Water Heater market. Solar Water Heater are expected to show stable growth in the future market. However, product ......
Global Solar Street Lights Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 114
According to our LPI (LP Information) latest study, the global Solar Street Lights market size was valued at US$ 5550.6 million in 2023. With growing demand in downstream market, the Solar Street Lights is forecast to a readjusted size of US$ 17300 million by 2030 with a CAGR of 17.6% during review period.
The research report highlights the growth potential of the global Solar Street Lights market. Solar Street Lights are expected to show stable growth in the future market. However, prod......
Global Concentrated Photovoltaic (CPV) Market Growth 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 111
According to our LPI (LP Information) latest study, the global Concentrated Photovoltaic (CPV) market size was valued at US$ 852.7 million in 2023. With growing demand in downstream market, the Concentrated Photovoltaic (CPV) is forecast to a readjusted size of US$ 1346.4 million by 2030 with a CAGR of 6.7% during review period.
The research report highlights the growth potential of the global Concentrated Photovoltaic (CPV) market. Concentrated Photovoltaic (CPV) are expected to show st......
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