Global Solar Microinverters Market Growth 2024-2030

Publication ID:

LPI08253129

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 Microinverters market size is projected to grow from US$ 2052.2 million in 2023 to US$ 7698.4 million in 2030; it is expected to grow at a CAGR of 20.8% from 2024 to 2030.
The 鈥淪olar Microinverters Industry Forecast鈥� looks at past sales and reviews total world Solar Microinverters sales in 2023, providing a comprehensive analysis by region and market sector of projected Solar Microinverters sales for 2024 through 2030. With Solar Microinverters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Microinverters industry.
This Insight Report provides a comprehensive analysis of the global Solar Microinverters 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 Microinverters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Solar Microinverters market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Microinverters 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 Microinverters.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.384 GW.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Microinverters market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Grid-Connected Solar Microinverter
Grid-Off Solar Microinverter
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 Microinverters market?
What factors are driving Solar Microinverters market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Microinverters market opportunities vary by end market size?
How does Solar Microinverters 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 Microinverters Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Solar Microinverters by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Solar Microinverters by Country/Region, 2019, 2023 & 2030
2.2 Solar Microinverters Segment by Type
2.2.1 Grid-Connected Solar Microinverter
2.2.2 Grid-Off Solar Microinverter
2.3 Solar Microinverters Sales by Type
2.3.1 Global Solar Microinverters Sales Market Share by Type (2019-2024)
2.3.2 Global Solar Microinverters Revenue and Market Share by Type (2019-2024)
2.3.3 Global Solar Microinverters Sale Price by Type (2019-2024)
2.4 Solar Microinverters Segment by Application
2.4.1 Residential
2.4.2 Non-residential
2.5 Solar Microinverters Sales by Application
2.5.1 Global Solar Microinverters Sale Market Share by Application (2019-2024)
2.5.2 Global Solar Microinverters Revenue and Market Share by Application (2019-2024)
2.5.3 Global Solar Microinverters Sale Price by Application (2019-2024)
3 Global Solar Microinverters by Company
3.1 Global Solar Microinverters Breakdown Data by Company
3.1.1 Global Solar Microinverters Annual Sales by Company (2019-2024)
3.1.2 Global Solar Microinverters Sales Market Share by Company (2019-2024)
3.2 Global Solar Microinverters Annual Revenue by Company (2019-2024)
3.2.1 Global Solar Microinverters Revenue by Company (2019-2024)
3.2.2 Global Solar Microinverters Revenue Market Share by Company (2019-2024)
3.3 Global Solar Microinverters Sale Price by Company
3.4 Key Manufacturers Solar Microinverters Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar Microinverters Product Location Distribution
3.4.2 Players Solar Microinverters 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 Microinverters by Geographic Region
4.1 World Historic Solar Microinverters Market Size by Geographic Region (2019-2024)
4.1.1 Global Solar Microinverters Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Solar Microinverters Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Solar Microinverters Market Size by Country/Region (2019-2024)
4.2.1 Global Solar Microinverters Annual Sales by Country/Region (2019-2024)
4.2.2 Global Solar Microinverters Annual Revenue by Country/Region (2019-2024)
4.3 Americas Solar Microinverters Sales Growth
4.4 APAC Solar Microinverters Sales Growth
4.5 Europe Solar Microinverters Sales Growth
4.6 Middle East & Africa Solar Microinverters Sales Growth
5 Americas
5.1 Americas Solar Microinverters Sales by Country
5.1.1 Americas Solar Microinverters Sales by Country (2019-2024)
5.1.2 Americas Solar Microinverters Revenue by Country (2019-2024)
5.2 Americas Solar Microinverters Sales by Type
5.3 Americas Solar Microinverters Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar Microinverters Sales by Region
6.1.1 APAC Solar Microinverters Sales by Region (2019-2024)
6.1.2 APAC Solar Microinverters Revenue by Region (2019-2024)
6.2 APAC Solar Microinverters Sales by Type
6.3 APAC Solar Microinverters 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 Microinverters by Country
7.1.1 Europe Solar Microinverters Sales by Country (2019-2024)
7.1.2 Europe Solar Microinverters Revenue by Country (2019-2024)
7.2 Europe Solar Microinverters Sales by Type
7.3 Europe Solar Microinverters 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 Microinverters by Country
8.1.1 Middle East & Africa Solar Microinverters Sales by Country (2019-2024)
8.1.2 Middle East & Africa Solar Microinverters Revenue by Country (2019-2024)
8.2 Middle East & Africa Solar Microinverters Sales by Type
8.3 Middle East & Africa Solar Microinverters 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 Microinverters
10.3 Manufacturing Process Analysis of Solar Microinverters
10.4 Industry Chain Structure of Solar Microinverters
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar Microinverters Distributors
11.3 Solar Microinverters Customer
12 World Forecast Review for Solar Microinverters by Geographic Region
12.1 Global Solar Microinverters Market Size Forecast by Region
12.1.1 Global Solar Microinverters Forecast by Region (2025-2030)
12.1.2 Global Solar Microinverters 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 Microinverters Forecast by Type
12.7 Global Solar Microinverters Forecast by Application
13 Key Players Analysis
13.1 ABB
13.1.1 ABB Company Information
13.1.2 ABB Solar Microinverters Product Portfolios and Specifications
13.1.3 ABB Solar Microinverters 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 Microinverters Product Portfolios and Specifications
13.2.3 SMA Solar Technology Solar Microinverters 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 Microinverters Product Portfolios and Specifications
13.3.3 SolarEdge Technologies Solar Microinverters 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 Microinverters Product Portfolios and Specifications
13.4.3 Chilicon Power Solar Microinverters 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 Microinverters Product Portfolios and Specifications
13.5.3 Enphase Energy Solar Microinverters 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 Microinverters Product Portfolios and Specifications
13.6.3 Renesola Solar Microinverters 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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