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Global Micro Inverter Market Insights and Forecast to 2028
SKU ID : QYR-20050954 | Publishing Date : 31-Jan-2022 | No. of pages : 126
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Micro inverter is an emerging solar inverter technology used to convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity.
Market Analysis and Insights: Global Micro Inverter Market
Due to the COVID-19 pandemic, the global Micro Inverter market size is estimated to be worth US$ 2856.8 million in 2022 and is forecast to a readjusted size of US$ 5314.7 million by 2028 with a CAGR of 10.9% during the review period. Fully considering the economic change by this health crisis, Single-phase accounting for % of the Micro Inverter global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Residential segment is altered to an % CAGR throughout this forecast period.
The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth.
In terms of production side, this report researches the Micro Inverter capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Micro Inverter by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Micro Inverter Scope and Segment
Micro Inverter market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Micro Inverter market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Single-phase
Three-phase
Segment by Application
Residential
Commercial
By Company
Enphase Energy
ABB Group
SunPower
SMA Solar Technology
Delta Energy Systems
SolarEdge Technologies
ReneSola
Siemens
P&P Energy Technology
Involar
Alencon Systems
Delta Energy
Altenergy Power
Ampt
Array Power
Chilicon Power
i-Energy
KACO New Energy
Petra Systems
Solantro
Sparq Systems
Tigo Energy
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Market Analysis and Insights: Global Micro Inverter Market
Due to the COVID-19 pandemic, the global Micro Inverter market size is estimated to be worth US$ 2856.8 million in 2022 and is forecast to a readjusted size of US$ 5314.7 million by 2028 with a CAGR of 10.9% during the review period. Fully considering the economic change by this health crisis, Single-phase accounting for % of the Micro Inverter global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Residential segment is altered to an % CAGR throughout this forecast period.
The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth.
In terms of production side, this report researches the Micro Inverter capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Micro Inverter by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Micro Inverter Scope and Segment
Micro Inverter market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Micro Inverter market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Single-phase
Three-phase
Segment by Application
Residential
Commercial
By Company
Enphase Energy
ABB Group
SunPower
SMA Solar Technology
Delta Energy Systems
SolarEdge Technologies
ReneSola
Siemens
P&P Energy Technology
Involar
Alencon Systems
Delta Energy
Altenergy Power
Ampt
Array Power
Chilicon Power
i-Energy
KACO New Energy
Petra Systems
Solantro
Sparq Systems
Tigo Energy
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
