Global Solar Micro Inverters Market Growth 2024-2030

Publication ID:

LPI08253128

Publication Date:

August 19, 2024

Pages:

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

Solar microinverters are small devices installed on solar panels that convert the DC output of a photovoltaic (PV) panel into AC. These inverters use maximum power point tracking (MPPT) to get maximum power from the PV array.
The global Solar Micro Inverters market size is projected to grow from US$ 545.5 million in 2023 to US$ 815.6 million in 2030; it is expected to grow at a CAGR of 5.9% from 2024 to 2030.
The 鈥淪olar Micro Inverters Industry Forecast鈥� looks at past sales and reviews total world Solar Micro Inverters sales in 2023, providing a comprehensive analysis by region and market sector of projected Solar Micro Inverters sales for 2024 through 2030. With Solar Micro Inverters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Micro Inverters industry.
This Insight Report provides a comprehensive analysis of the global Solar Micro Inverters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Micro Inverters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Solar Micro Inverters market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Micro Inverters and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Micro Inverters.
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 3.379 GW.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Micro Inverters market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Grid-Connected Solar Micro Inverter
Grid-Off Solar Micro Inverter
Segmentation by application
Residential
Non-residential
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
SMA Solar Technology
SolarEdge Technologies
Chilicon Power
Enphase Energy
Renesola
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Micro Inverters market?
What factors are driving Solar Micro Inverters market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Micro Inverters market opportunities vary by end market size?
How does Solar Micro Inverters break out type, application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Solar Micro Inverters Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Solar Micro Inverters by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Solar Micro Inverters by Country/Region, 2019, 2023 & 2030
2.2 Solar Micro Inverters Segment by Type
2.2.1 Grid-Connected Solar Micro Inverter
2.2.2 Grid-Off Solar Micro Inverter
2.3 Solar Micro Inverters Sales by Type
2.3.1 Global Solar Micro Inverters Sales Market Share by Type (2019-2024)
2.3.2 Global Solar Micro Inverters Revenue and Market Share by Type (2019-2024)
2.3.3 Global Solar Micro Inverters Sale Price by Type (2019-2024)
2.4 Solar Micro Inverters Segment by Application
2.4.1 Residential
2.4.2 Non-residential
2.5 Solar Micro Inverters Sales by Application
2.5.1 Global Solar Micro Inverters Sale Market Share by Application (2019-2024)
2.5.2 Global Solar Micro Inverters Revenue and Market Share by Application (2019-2024)
2.5.3 Global Solar Micro Inverters Sale Price by Application (2019-2024)
3 Global Solar Micro Inverters by Company
3.1 Global Solar Micro Inverters Breakdown Data by Company
3.1.1 Global Solar Micro Inverters Annual Sales by Company (2019-2024)
3.1.2 Global Solar Micro Inverters Sales Market Share by Company (2019-2024)
3.2 Global Solar Micro Inverters Annual Revenue by Company (2019-2024)
3.2.1 Global Solar Micro Inverters Revenue by Company (2019-2024)
3.2.2 Global Solar Micro Inverters Revenue Market Share by Company (2019-2024)
3.3 Global Solar Micro Inverters Sale Price by Company
3.4 Key Manufacturers Solar Micro Inverters Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar Micro Inverters Product Location Distribution
3.4.2 Players Solar Micro Inverters Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Solar Micro Inverters by Geographic Region
4.1 World Historic Solar Micro Inverters Market Size by Geographic Region (2019-2024)
4.1.1 Global Solar Micro Inverters Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Solar Micro Inverters Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Solar Micro Inverters Market Size by Country/Region (2019-2024)
4.2.1 Global Solar Micro Inverters Annual Sales by Country/Region (2019-2024)
4.2.2 Global Solar Micro Inverters Annual Revenue by Country/Region (2019-2024)
4.3 Americas Solar Micro Inverters Sales Growth
4.4 APAC Solar Micro Inverters Sales Growth
4.5 Europe Solar Micro Inverters Sales Growth
4.6 Middle East & Africa Solar Micro Inverters Sales Growth
5 Americas
5.1 Americas Solar Micro Inverters Sales by Country
5.1.1 Americas Solar Micro Inverters Sales by Country (2019-2024)
5.1.2 Americas Solar Micro Inverters Revenue by Country (2019-2024)
5.2 Americas Solar Micro Inverters Sales by Type
5.3 Americas Solar Micro Inverters Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar Micro Inverters Sales by Region
6.1.1 APAC Solar Micro Inverters Sales by Region (2019-2024)
6.1.2 APAC Solar Micro Inverters Revenue by Region (2019-2024)
6.2 APAC Solar Micro Inverters Sales by Type
6.3 APAC Solar Micro Inverters Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Solar Micro Inverters by Country
7.1.1 Europe Solar Micro Inverters Sales by Country (2019-2024)
7.1.2 Europe Solar Micro Inverters Revenue by Country (2019-2024)
7.2 Europe Solar Micro Inverters Sales by Type
7.3 Europe Solar Micro Inverters Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solar Micro Inverters by Country
8.1.1 Middle East & Africa Solar Micro Inverters Sales by Country (2019-2024)
8.1.2 Middle East & Africa Solar Micro Inverters Revenue by Country (2019-2024)
8.2 Middle East & Africa Solar Micro Inverters Sales by Type
8.3 Middle East & Africa Solar Micro Inverters Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Solar Micro Inverters
10.3 Manufacturing Process Analysis of Solar Micro Inverters
10.4 Industry Chain Structure of Solar Micro Inverters
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar Micro Inverters Distributors
11.3 Solar Micro Inverters Customer
12 World Forecast Review for Solar Micro Inverters by Geographic Region
12.1 Global Solar Micro Inverters Market Size Forecast by Region
12.1.1 Global Solar Micro Inverters Forecast by Region (2025-2030)
12.1.2 Global Solar Micro Inverters Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Solar Micro Inverters Forecast by Type
12.7 Global Solar Micro Inverters Forecast by Application
13 Key Players Analysis
13.1 ABB
13.1.1 ABB Company Information
13.1.2 ABB Solar Micro Inverters Product Portfolios and Specifications
13.1.3 ABB Solar Micro Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 ABB Main Business Overview
13.1.5 ABB Latest Developments
13.2 SMA Solar Technology
13.2.1 SMA Solar Technology Company Information
13.2.2 SMA Solar Technology Solar Micro Inverters Product Portfolios and Specifications
13.2.3 SMA Solar Technology Solar Micro Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 SMA Solar Technology Main Business Overview
13.2.5 SMA Solar Technology Latest Developments
13.3 SolarEdge Technologies
13.3.1 SolarEdge Technologies Company Information
13.3.2 SolarEdge Technologies Solar Micro Inverters Product Portfolios and Specifications
13.3.3 SolarEdge Technologies Solar Micro Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 SolarEdge Technologies Main Business Overview
13.3.5 SolarEdge Technologies Latest Developments
13.4 Chilicon Power
13.4.1 Chilicon Power Company Information
13.4.2 Chilicon Power Solar Micro Inverters Product Portfolios and Specifications
13.4.3 Chilicon Power Solar Micro Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Chilicon Power Main Business Overview
13.4.5 Chilicon Power Latest Developments
13.5 Enphase Energy
13.5.1 Enphase Energy Company Information
13.5.2 Enphase Energy Solar Micro Inverters Product Portfolios and Specifications
13.5.3 Enphase Energy Solar Micro Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Enphase Energy Main Business Overview
13.5.5 Enphase Energy Latest Developments
13.6 Renesola
13.6.1 Renesola Company Information
13.6.2 Renesola Solar Micro Inverters Product Portfolios and Specifications
13.6.3 Renesola Solar Micro Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Renesola Main Business Overview
13.6.5 Renesola Latest Developments
14 Research Findings and Conclusion

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