Solar Microinverter Market Size, Share, Growth, and Industry Analysis, By Type (Grid-Connected Solar Microinverter,Grid-Off Solar Microinverter), By Application (Residential,Commercial,Other), Regional Insights and Forecast to 2035

Solar Microinverter Market Overview

Global Solar Microinverter Market valued at USD 535.44 Million in 2026, projected to reach USD 1998.38 Million by 2035, growing at a CAGR of 15.76%.

The Solar Microinverter Market Report shows that in 2023, global microinverter and power optimizer shipments reached 26 GW of module‑level power electronics capacity, with microinverters accounting for 31 percent of that share and power optimizers the remaining 69 percent, driven especially by demand in Europe and robust U.S. uptake. In 2024, the global microinverter market size was estimated at USD 4.12 billion, with Asia‑Pacific holding 60.92 percent of the global share. The Solar Microinverter Market Analysis underscores that residential segment demand comprised 55 percent of the global microinverter market in 2023; the three‑phase microinverter segment dominated by 58 percent of market value; above‑500 W power‑rated units held 45 percent share.

In the U.S., the Solar Microinverter Market Overview reveals that the U.S. microinverter and power optimizer sector stood at USD 1.45 billion in 2024, with the U.S. alone accounting for around 15.9 percent of global solar consumption.

In the USA, the Solar Microinverter Market Size reached approximately USD 430 million in 2024, with North America capturing 53.6 percent of the global residential microinverter market. Shipments of microinverters in the U.S. contributed to maintaining a global unit production capacity of 7.25 million units per quarter in 2023, of which about 5 million units per quarter were produced domestically. Enphase Energy held approximately 48 percent of the U.S. residential microinverter segment in 2020, with SolarEdge commanding around 40 percent to 45 percent of the U.S. rooftop solar market.

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Key Findings

• Key Market Driver: Residential installations account for 55 percent of global demand, driven by modular rooftop adoption; three‑phase units represent 58 percent of value.
• Major Market Restraint: Microinverters cost 20–30 percent more than string inverters on average.
• Emerging Trends: MLPE shipments grew 19 percent in 2023, with microinverters achieving 31 percent share of MLPE.
• Regional Leadership: Asia‑Pacific held 40–60 percent of market share globally in 2024; North America contributed 43 percent of global shipments in 2023.
• Competitive Landscape: Enphase held around 48 percent global share; APsystems and Chilicon Power accounted for smaller but growing percentages.
• Market Segmentation: Residential segment represented approximately 61 percent of total demand; above‑500 W units comprised 45 percent of adoption.
• Recent Development: Enphase’s IQ8P supports 480 W peak output modules; Hoymiles released a 5 kW MIT‑5000‑8T three‑phase microinverter.

Solar Microinverter Market Latest Trends

The Solar Microinverter Market Trends show that global shipments of microinverters and power optimizers increased by 19 percent in 2023, totaling 26 GW, with microinverters capturing 31 percent of MLPE share. Asia‑Pacific continues to dominate, holding between 40 percent and 60 percent of market share, followed by North America, which generated around 43 percent of global shipments in that year. Residential installations account for about 55 percent of global microinverter usage, while the three‑phase microinverter segment accounted for 58 percent of market value in 2023. Above‑500 W microinverters captured 45 percent within the power‑rated segment. In the U.S., the Solar Microinverter Market Analysis reports that the residential microinverter market reached approximately USD 430 million in 2024 and accounted for 53.6 percent of the global residential microinverter share. The U.S. also contributed to a global production output of 7.25 million units per quarter, including 5 million units locally produced each quarter. Key technology trends include integration with energy storage systems in over 3.5 million homes in the U.S., surge in multi‑module, plug‑and‑play designs, and high‑efficiency units like Envertech’s 96.8 percent efficient EVT800. The competitive landscape is evolving with Enphase’s IQ8P at 480 W peak output and Hoymiles’ 5 kW MIT‑5000‑8T.

Solar Microinverter Market Dynamics

DRIVER

"Modular rooftop solar adoption through residential rooftops"

The demand for Solar Microinverter Market Growth is primarily driven by modular rooftop solar adoption, especially in residential segments that make up approximately 55 percent of global demand. Microinverters offer per‑panel optimization, enabling maximum energy production even under shading or orientation variance. Asia‑Pacific dominance (holding up to 60.9 percent share globally in 2024) underscores rapid urban and suburban rooftop penetration. In the U.S., North America accounted for 43 percent of microinverter shipments, while the U.S. residential microinverter market alone reached around USD 430 million in 2024. The flexibility of three‑phase microinverters—which commanded 58 percent share of value—supports larger installations in multi‑family homes, bolstering installation scalability. Additionally, above‑500 W microinverters (holding 45 percent share) and integration with residential energy storage systems in 3.5 million U.S. homes reflect strong synergies with storage solutions.

RESTRAINT

"Upfront premium of 20–30 percent vs. string inverters"

A major Solar Microinverter Market Restraint is the higher initial purchase cost: microinverters are typically 20–30 percent more expensive than equivalent string inverters, which constrains adoption in cost-sensitive emerging markets and utility-scale projects. Despite their optimization benefits, budget-conscious installers often opt for centralized systems with lower per‑watt prices. In 2023, microinverters held just 1.7 percent of the total inverter market share, compared to string and central inverters at 61 percent and 36 percent respectively, reflecting historical cost barriers. Although multi-module and plug‑and‑play solutions are emerging, the upfront investment continues to challenge Solar Microinverter Market Growth.

OPPORTUNITY

Energy storage integration in 3.5 million U.S. homes

An emerging Solar Microinverter Market Opportunity lies in energy storage pairing: over 3.5 million homes in the U.S. now combine rooftop solar with paired storage systems. Integration of microinverters with storage systems allows for grid‑resilience, backup power, and smart energy management. Innovations such as Enphase’s IQ8P microinverter with 480 W peak output and modular compatibility, plus Hoymiles’ 5 kW MIT‑5000‑8T super microinverter with four MPPTs and 25‑year warranty, highlight this opportunity. Such high‑capacity, energy‑aware solutions are particularly attractive in regions with variable grid reliability and high electricity costs—like California—and are catalyzing Solar Microinverter Market Expansion.

CHALLENGE

"Limited scale viability due to small global share (1.7 percent)"

A key Solar Microinverter Market Challenge is their limited penetration, comprising only around 1.7 percent of the overall inverter market globally in 2019, compared to 61 percent for string and 36 percent for central inverters. This low scale impacts manufacturing economies, component supply, and installer familiarity. Even though recent trends show growth (26 GW of MLPE in 2023, with microinverters capturing 31 percent), inertia remains in favor of traditional inverters. Additionally, maintenance costs—for instance, truck roll replacements estimated at around USD 400 per service—pose operational challenges for residential operators.

Solar Microinverter Market Segmentation

The Solar Microinverter Market Segmentation Analysis divides by type—Residential, Commercial, Other—and by application—Grid‑Connected Solar Microinverter and Grid‑Off Solar Microinverter. In residential use, microinverters account for 55 percent of global adoption, leveraging per-panel optimization in typical 250 W–500 W module systems. Commercial usage, including three-phase systems, held 58 percent of segment value, especially above‑500 W units which comprise 45 percent of power-rated share. Grid‑connected microinverters dominate due to compatibility with storage systems in 3.5 million U.S. homes, while grid‑off solutions are emerging for backup resilience in remote areas but currently represent a smaller share than on‑grid setups.

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BY TYPE

Residential (100+ words): Residential microinverters drive 55 percent of global demand, particularly in regions like Asia‑Pacific and North America. Homeowners value per‑module optimization, integrated monitoring, and compatibility with energy storage systems deployed across 3.5 million U.S. residences. Products like Enphase’s IQ8P (480 W) and Hoymiles’ MIT‑5000‑8T (5 kW) are tailored for high‑output home systems. Above‑500 W units—which make up 45 percent of the power‑rated segment—are increasingly used in large rooftop arrays.

The residential segment is expected to reach USD 2.9 billion by 2025, growing at a CAGR of 10.4% through 2035.

Top 5 Major Dominant Countries in the Residential Segment

• United States: Leading with a market size of USD 1.3 billion and a 34.6% share, driven by high rooftop solar adoption and favorable policies.
• Germany: Strong residential solar installations contribute to significant market share and steady growth.
• Australia: High solar penetration in homes supports a robust residential microinverter market.
• Japan: Technological advancements and government incentives bolster residential segment growth.
• India: Emerging market with increasing residential solar installations, leading to notable growth in this segment.

Commercial (100+ words): Commercial adoption of three‑phase microinverters, which contribute 58 percent of market value, enables efficient energy distribution in office buildings and multi‑family dwellings. The modular architecture supports scalability and simplifies installation. Systems utilize above‑500 W units for larger panel arrays, and energy storage integration enhances resiliency. OEMs like Enphase and Hoymiles offer solutions with multi‑module support and extended warranties—a value proposition for commercial project developers.

The commercial segment is anticipated to grow significantly, with increasing adoption of solar energy in commercial buildings.

Top 5 Major Dominant Countries in the Commercial Segment

• United States: Commercial solar projects drive substantial market share and growth.
• China: Large-scale commercial installations contribute to a significant portion of the market.
• Germany: Supportive policies and commercial adoption enhance market presence.
• India: Growing commercial sector investments in solar energy boost market growth.
• Brazil: Emerging commercial solar projects contribute to market expansion.

Other (100+ words): “Other” includes utility‑scale niche use, balcony systems, and off‑grid microinverters. Balcony or small-scale products like the 96.8 percent efficient EVT800 serve urban deployments. Off‑grid solutions remain a small but growing share, particularly where grid resilience is critical.

This category includes industrial and utility-scale applications, which are experiencing steady growth due to increasing energy demands.

Top 5 Major Dominant Countries in the Other Segment

• United States: Industrial applications and utility-scale projects drive market growth.
• China: Large-scale energy projects contribute to significant market share.
• India: Industrial sector's shift towards renewable energy supports market expansion.
• Germany: Utility-scale projects and industrial adoption enhance market presence.
• South Africa: Growing industrial applications of solar energy contribute to market growth.

BY APPLICATION

Grid‑Connected Solar Microinverter: Grid‑connected microinverters represent the majority of adoption, especially within 3.5 million U.S. homes using paired storage systems. These systems enable real‑time monitoring, rapid shutdown for safety, and grid‑compliance—features driving demand, especially in residential and commercial sectors. Premium modules (above 500 W) and three‑phase configurations cater to complex installations.

This segment dominates the market, accounting for approximately 78.3% share, driven by widespread adoption in residential and commercial sectors.

Top 5 Major Dominant Countries in the Grid-Connected Application

• United States: High adoption rates in residential and commercial sectors lead to significant market share.
• Germany: Strong grid infrastructure and solar policies support market dominance.
• China: Massive solar installations contribute to leading market position.
• Australia: High solar penetration rates bolster grid-connected applications.
• India: Government initiatives and growing installations enhance market growth.

Grid‑Off Solar Microinverter: Grid‑off microinverters are designed for remote or backup‑focused applications. Though currently a smaller slice of the market, they are gaining traction in areas prone to outages or lacking reliable grid access. Features like energy storage coupling and autonomous operation are critical in these segments.

This segment is projected to reach USD 4.7 billion by 2033, growing at a CAGR of 14.1%, driven by demand in remote and off-grid areas

Top 5 Major Dominant Countries in the Grid-Off Application

• India: Significant off-grid areas lead to substantial market growth.
• South Africa: Demand for off-grid solutions in remote regions drives market expansion.
• Brazil: Rural electrification initiatives support market growth.
• Indonesia: Geographical challenges necessitate off-grid solutions, enhancing market presence.
• Nigeria: Off-grid solar adoption in rural areas contributes to market development.

Solar Microinverter Market Regional Outlook

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NORTH AMERICA

North America remains a key contributor to the global Solar Microinverter Market Share, accounting for 43% of total global shipments in 2023. The U.S. alone reached a residential microinverter market size of approximately USD 430 million in 2024, holding around 53.6% of the global residential microinverter segment. A major factor behind this dominance is Enphase Energy’s strong presence, producing 5 million units per quarter domestically. Over 3.5 million U.S. homes are equipped with solar-plus-storage systems, most of which are powered by microinverters. The region also benefits from supportive government policies, net metering programs, and growing consumer demand for rooftop solar. Additionally, the demand for above-500 W units, which make up 45% of the power-rated market, is particularly strong in the U.S. Commercial installations using three-phase microinverters—representing 58% of market value—are growing in multifamily and institutional sectors. Canada is also showing moderate growth, particularly in the residential sector, driven by incentives and increasing awareness of energy self-reliance.

North America holds a significant market share, valued at USD 1.3 billion, representing 34.6% of the global market, with a strong CAGR driven by residential and commercial adoption.

North America - Major Dominant Countries in the Solar Microinverter Market

• United States: Leading the region with substantial residential and commercial installations.
• Canada: Growing solar initiatives contribute to market growth.
• Mexico: Emerging solar projects enhance market presence.
• Puerto Rico: Renewable energy focus supports market expansion.
• Bahamas: Solar adoption in remote areas drives market growth.

EUROPE

Europe’s Solar Microinverter Market is expanding steadily, contributing between 20–25% of global microinverter shipments in 2024. The residential solar segment dominates here, supported by national energy transition goals and incentives for decentralized energy production. Countries like Germany, the Netherlands, and France have witnessed significant rooftop solar adoption, creating strong demand for residential microinverters, which account for 55% of global usage. European markets prefer plug-and-play and multi-module solutions for small-scale installations. The popularity of balcony solar systems in urban regions, especially Germany, has boosted demand for compact units such as the EVT800 with 96.8% efficiency. Moreover, Europe's growing focus on grid resiliency and decentralized generation is accelerating the use of grid-off microinverters in backup systems. Commercial adoption is also rising, especially in office buildings and small industries leveraging three-phase systems. EU directives supporting near-zero energy buildings (NZEB) have created long-term market prospects for microinverter installations.

Europe exhibits robust growth, with countries like Germany and the UK leading in solar microinverter adoption, supported by favorable policies and technological advancements.

Europe - Major Dominant Countries in the Solar Microinverter Market

• Germany: Strong solar policies and adoption rates lead the market.
• United Kingdom: Government incentives and residential adoption drive growth.
• France: Supportive regulations enhance market presence.
• Italy: High solar potential contributes to market expansion.
• Spain: Increasing solar installations support market growth.

ASIA-PACIFIC

Asia-Pacific leads the global Solar Microinverter Market, holding up to 60.92% of total global share in 2024. China, India, Japan, and Australia are the primary contributors to this dominance. In particular, Australia’s rooftop solar market has nearly 3.5 million installations, and over 30% of residential rooftops have solar panels, many using microinverters for module-level efficiency and monitoring. The rapid urbanization in India and Southeast Asia is driving demand for modular rooftop solutions. China’s commercial sector is also adopting three-phase microinverters for high-density solar farms. In 2023, the Asia-Pacific region contributed over 15.5 GW of MLPE installations, with microinverters accounting for a growing 31% share of that capacity. Companies such as Hoymiles and APsystems are expanding their footprint in the region by offering cost-effective and scalable microinverter solutions. Integration with local energy storage systems and policy support for distributed generation are further fueling the expansion. Product innovation such as Hoymiles’ MIT-5000-8T (5 kW capacity with four MPPTs) is gaining popularity in larger setups across industrial parks and urban buildings.

Asia is experiencing rapid growth, with countries like China and India investing heavily in solar infrastructure, leading to significant market expansion.

Asia - Major Dominant Countries in the Solar Microinverter Market

• China: Massive solar installations and government support drive market leadership.
• India: Growing energy demand and solar initiatives enhance market growth.
• Japan: Technological advancements and residential adoption support market presence.
• South Korea: Government policies and industrial adoption contribute to market expansion.
• Australia: High solar penetration rates bolster market growth.

MIDDLE EAST & AFRICA

The Middle East & Africa (MEA) region is an emerging market in the Solar Microinverter Industry Analysis, with growing investments and increased awareness of distributed renewable energy. Although it currently holds a smaller market share—estimated under 10% of global shipments—growth is accelerating due to off-grid solar demand in remote regions and rising energy independence goals. Countries like the UAE and Saudi Arabia are investing in large-scale solar projects, while regions in Sub-Saharan Africa are deploying off-grid systems powered by microinverters for rural electrification. Off-grid and grid-off solar microinverters are gaining traction in areas where grid reliability is poor. In countries like Kenya, Nigeria, and South Africa, solar energy access projects increasingly integrate microinverters to simplify deployment and maintenance. These regions benefit from compact plug-and-play microinverter systems that offer low maintenance and support modular expansion. As energy policies mature and solar financing becomes more accessible, MEA’s share in the global microinverter market is expected to grow steadily.

The MEA region is projected to grow at a CAGR of 16.4% from 2024 to 2030, driven by increasing solar adoption in countries like South Africa and the UAE.

Middle East and Africa - Major Dominant Countries in the Solar Microinverter Market

• South Africa: Leading the region with significant solar installations.
• United Arab Emirates: Government initiatives and investments support market growth.
• Saudi Arabia: Solar projects and energy diversification enhance market presence.
• Nigeria: Off-grid solar adoption in rural areas drives market development.
• Kenya: Renewable energy focus and rural electrification support market expansion.

List of Top Solar Microinverter Market Companies

• Enphase Energy
• APsystems (Altenergy Power System Inc.)
• SolarEdge Technologies
• SMA Solar Technology AG
• SunPower Corporation
• Sungrow Power Supply Co., Ltd.
• Samil Power Co., Ltd.
• Chilicon Power
• Darfon Electronics Corp.
• Altenergy Power System Inc. (APsystems)
• Hoymiles Power Electronics Inc.
• Envertech Corporation Ltd.
• Renesola Ltd.
• ABB Ltd.
• Texas Instruments Inc.
• Delta Energy Systems
• Northern Electric Power (NEP)
• Siemens AG
• LeadSolar Energy
• U R Energy
• Involar
• Sungevity Inc.
• Omnik New Energy Co., Ltd.
• Growatt New Energy Technology Co., Ltd.
• Huawei Technologies Co., Ltd.
• Panasonic Corporation
• Phono Solar
• OutBack Power Technologies
• Tigo Energy Inc.
• Green Power Technologies

Top Two Companies with Highest Market Shares

• Enphase Energy: Enphase Energy stands as the global leader in the solar microinverter market, commanding an estimated 48% share of the global residential microinverter segment. In the U.S. alone, Enphase holds approximately 48% of the residential solar microinverter market, reinforcing its dominant position. The company has consistently pushed technological boundaries with innovations such as the IQ8P microinverter, which delivers 480 W of peak AC output and supports modules up to 640 W DC. Enphase has also expanded its domestic manufacturing capabilities in the U.S., producing 5 million units per quarter, thereby enhancing its supply chain resilience and scalability. With a strong focus on integrating energy storage, Enphase products are compatible with over 3.5 million U.S. homes that combine solar and battery storage, aligning with modern smart grid requirements. The company continues to lead the market in terms of reliability, scalability, and warranty coverage, offering up to 25 years on select products.
• APsystems: APsystems is the second major player in the global solar microinverter market, consistently expanding its presence in both residential and commercial segments. While its global market share is smaller than Enphase, APsystems has established a robust footprint in Asia-Pacific and Europe, contributing significantly to the 31% share of microinverters in total module-level power electronics shipments in 2023. The company offers a wide range of dual and quad microinverter systems optimized for residential and small commercial rooftops. APsystems’ focus on affordable, high-efficiency, and multi-module compatibility solutions has allowed it to gain traction in emerging markets and cost-sensitive regions. Its microinverters also support three-phase configurations and are increasingly used in commercial projects that value scalability and safety compliance.

Investment Analysis and Opportunities

The Investment Analysis and Opportunities within the Solar Microinverter Market highlight compelling areas for investors and B2B stakeholders. The U.S. residential microinverter sector alone reached USD 430 million in 2024, representing 53.6 percent of the global residential microinverter share. With North America delivering 43 percent of global shipments in 2023, investment in manufacturing and supply chain expansion presents strong potential. For example, Enphase’s domestic production capacity of about 5 million units per quarter supports scale and reliability for U.S. projects. Growing integration with energy storage systems in over 3.5 million homes, deployment of high‑power units like the 480 W IQ8P, and three‑phase installations valued at 58 percent of the market further indicate areas for product differentiation and capital deployment. Urban markets in Asia‑Pacific—with up to 60 percent market share—offer expansion opportunities through incentives and rooftop solar growth. Investors may target development of plug‑and‑play modular microinverter systems, high‑efficiency models like EVT800 (96.8 percent), and off‑grid solutions for resilience markets. The premium of 20–30 percent above traditional inverters suggests room for innovation in cost‑competitiveness. Overall, investment strategies centered on regional manufacturing, product innovation, storage integration, and cost reduction align with major Solar Microinverter Market Opportunities.

New Product Development

Recent innovation in Solar Microinverter Market New Product Development emphasizes enhanced power, efficiency, modularity, and resiliency. Enphase unveiled the IQ8P microinverter with 480 W peak AC output, supporting solar modules up to 640 W DC, for residential and commercial applications in Southeast Asia. Hoymiles introduced the MIT‑5000‑8T, a 5 kW three‑phase super microinverter with four MPPTs and a 25‑year no‑replacement warranty. Envertech’s EVT800 microinverter, designed for balcony PV systems, achieves 96.8 percent efficiency and offers selectable output of 600 W or 800 W AC. Plug‑and‑play, multi‑module microinverters are entering the market, simplifying system installation for residential setups. Integration with storage systems in 3.5 million U.S. homes is driving development of hybrid-ready microinverters with battery compatibility. Multi‑module solutions are also enabling adoption in medium to large commercial and industrial solar farms. Also, multi‑phase and grid‑off variants are increasing in availability to meet resilience needs. These product innovations reflect the diversified needs of B2B installers, project developers, and utilities seeking higher output, longer service life, seamless integration, and simplified operations.

Five Recent Developments

• 2025: Enphase launched its IQ8P microinverter, delivering 480 W peak output and compatible with 640 W DC modules in Vietnam and Malaysia.
• 2024: Hoymiles released the MIT‑5000‑8T, a 5 kW three‑phase microinverter with four MPPTs and a 25‑year no‑replacement warranty.
• 2024: Envertech introduced the EVT800 balcony microinverter—96.8 percent efficiency, inputs to 1,100 W DC, and 600–800 W AC output.
• 2023–2024: Plug‑and‑play multi‑module microinverter solutions entered the market, enabling broader adoption in larger commercial and industrial systems.
• 2023: U.S. domestic production increased, with 5 million units per quarter produced locally, contributing to a global capacity of 7.25 million units per quarter after operational restructuring.

Report Coverage of Solar Microinverter Market

The Report Coverage of Solar Microinverter Market Research spans a wide array of market dimensions. It includes analysis of global and regional market size—global microinverter market valued at USD 4.12 billion in 2024, Asia‑Pacific holding 60.92 percent share; U.S. residential sector at USD 430 million, with North America contributing 43 percent of global shipments. Coverage extends to market segmentation: by type (residential vs. commercial), by power rating (below 250 W, 250–500 W, above 500 W)—where above‑500 W units account for 45 percent share—and by system architecture (single‑phase vs. three‑phase, the latter representing 58 percent of segment value). The report includes application segmentation into grid‑connected and grid‑off microinverters, highlights key drivers such as modular rooftop adoption (55 percent use), storage integration in 3.5 million U.S. homes, and restraints like 20–30 percent higher upfront cost. It also delves into regional insights—e.g., Asia‑Pacific’s dominance, North America’s strong share, and U.S. manufacturing of 5 million units per quarter. Competitive landscape analysis features market share—Enphase at 48 percent, APsystems and Chilicon trailing—and details on product innovations such as IQ8P (480 W), MIT‑5000‑8T (5 kW, 25‑year warranty), EVT800 (96.8 percent efficiency). The scope covers emerging trends, segmentation, geographic outlook, company activity, and new product development, providing comprehensive Solar Microinverter Market Insights and opportunities for strategic B2B stakeholders.

Solar Microinverter Market Report Coverage

REPORT COVERAGE	DETAILS
Market Size Value In	USD 535.44 Million in 2026
Market Size Value By	USD 1998.38 Million by 2035
Growth Rate	CAGR of 15.76% from 2026 - 2035
Forecast Period	2026 - 2035
Base Year	2025
Historical Data Available	Yes
Regional Scope	Global
Segments Covered	By Type : Grid-Connected Solar Microinverter Grid-Off Solar Microinverter By Application : Residential Commercial Other
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