Micro Inverter Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032
CHAPTER 1. Industry Overview of Micro Inverter Market
1.1. Definition and Scope
1.1.1. Definition of Micro Inverter
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Micro Inverter Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Micro Inverter Market By Type
1.2.3. Micro Inverter Market By Connection Type
1.2.4. Micro Inverter Market By Power Rating
1.2.5. Micro Inverter Market By End-User
1.2.6. Micro Inverter Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Micro Inverter Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Micro Inverter Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2022
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Micro Inverter Market By Type
4.1. Introduction
4.2. Micro Inverter Market Revenue By Type
4.2.1. Micro Inverter Market Revenue (USD Billion) and Forecast, By Type, 2020-2032
4.2.2. Three Phase
4.2.2.1. Three Phase Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
4.2.3. Single Phase
4.2.3.1. Single Phase Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 5. Micro Inverter Market By Connection Type
5.1. Introduction
5.2. Micro Inverter Market Revenue By Connection Type
5.2.1. Micro Inverter Market Revenue (USD Billion) and Forecast, By Connection Type, 2020-2032
5.2.2. Stand Alone
5.2.2.1. Stand Alone Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. Grid Connected
5.2.3.1. Grid Connected Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Micro Inverter Market By Power Rating
6.1. Introduction
6.2. Micro Inverter Market Revenue By Power Rating
6.2.1. Micro Inverter Market Revenue (USD Billion) and Forecast, By Power Rating, 2020-2032
6.2.2. Below 250 W
6.2.2.1. Below 250 W Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. Between 250 W and 500 W
6.2.3.1. Between 250 W and 500 W Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.4. Above 500 W
6.2.4.1. Above 500 W Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. Micro Inverter Market By End-User
7.1. Introduction
7.2. Micro Inverter Market Revenue By End-User
7.2.1. Micro Inverter Market Revenue (USD Billion) and Forecast, By End-User, 2020-2032
7.2.2. Residential
7.2.2.1. Residential Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.3. Commercial
7.2.3.1. Commercial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 8. North America Micro Inverter Market By Country
8.1. North America Micro Inverter Market Overview
8.2. U.S.
8.2.1. U.S. Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
8.2.2. U.S. Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
8.2.3. U.S. Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
8.2.4. U.S. Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
8.3. Canada
8.3.1. Canada Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
8.3.2. Canada Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
8.3.3. Canada Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
8.3.4. Canada Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
8.4. North America PEST Analysis
CHAPTER 9. Europe Micro Inverter Market By Country
9.1. Europe Micro Inverter Market Overview
9.2. U.K.
9.2.1. U.K. Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
9.2.2. U.K. Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
9.2.3. U.K. Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
9.2.4. U.K. Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.3. Germany
9.3.1. Germany Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
9.3.2. Germany Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
9.3.3. Germany Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
9.3.4. Germany Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.4. France
9.4.1. France Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
9.4.2. France Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
9.4.3. France Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
9.4.4. France Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.5. Spain
9.5.1. Spain Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
9.5.2. Spain Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
9.5.3. Spain Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
9.5.4. Spain Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.6. Rest of Europe
9.6.1. Rest of Europe Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
9.6.2. Rest of Europe Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
9.6.3. Rest of Europe Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
9.6.4. Rest of Europe Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Micro Inverter Market By Country
10.1. Asia Pacific Micro Inverter Market Overview
10.2. China
10.2.1. China Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
10.2.2. China Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
10.2.3. China Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
10.2.4. China Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.3. Japan
10.3.1. Japan Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
10.3.2. Japan Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
10.3.3. Japan Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
10.3.4. Japan Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.4. India
10.4.1. India Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
10.4.2. India Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
10.4.3. India Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
10.4.4. India Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.5. Australia
10.5.1. Australia Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
10.5.2. Australia Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
10.5.3. Australia Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
10.5.4. Australia Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.6. South Korea
10.6.1. South Korea Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
10.6.2. South Korea Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
10.6.3. South Korea Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
10.6.4. South Korea Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
10.7.2. Rest of Asia-Pacific Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
10.7.3. Rest of Asia-Pacific Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
10.7.4. Rest of Asia-Pacific Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Micro Inverter Market By Country
11.1. Latin America Micro Inverter Market Overview
11.2. Brazil
11.2.1. Brazil Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
11.2.2. Brazil Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
11.2.3. Brazil Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
11.2.4. Brazil Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
11.3. Mexico
11.3.1. Mexico Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
11.3.2. Mexico Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
11.3.3. Mexico Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
11.3.4. Mexico Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
11.4. Rest of Latin America
11.4.1. Rest of Latin America Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
11.4.2. Rest of Latin America Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
11.4.3. Rest of Latin America Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
11.4.4. Rest of Latin America Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Micro Inverter Market By Country
12.1. Middle East & Africa Micro Inverter Market Overview
12.2. GCC
12.2.1. GCC Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
12.2.2. GCC Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
12.2.3. GCC Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
12.2.4. GCC Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
12.3. South Africa
12.3.1. South Africa Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
12.3.2. South Africa Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
12.3.3. South Africa Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
12.3.4. South Africa Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Micro Inverter Market Revenue (USD Billion) and Forecast By Type, 2020-2032
12.4.2. Rest of Middle East & Africa Micro Inverter Market Revenue (USD Billion) and Forecast By Connection Type, 2020-2032
12.4.3. Rest of Middle East & Africa Micro Inverter Market Revenue (USD Billion) and Forecast By Power Rating, 2020-2032
12.4.4. Rest of Middle East & Africa Micro Inverter Market Revenue (USD Billion) and Forecast By End-User, 2020-2032
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Micro Inverter Market
13.1. Micro Inverter Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Micro Inverter Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. ABB Group
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Billion), 2022
14.1.3.2. ABB Group 2022 Micro Inverter Business Regional Distribution
14.1.4. Product /Service and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Delta Energy Systems GmbH
14.3. Enphase Energy, Inc.
14.4. Involar
14.5. P and P Energy Technology Co Limited
14.6. ReneSola
14.7. Siemens AG
14.8. SMA Solar Technology AG
14.9. SolarEdge Technologies Inc.
14.10. SunPower Corporation
Frequently Asked Questions
What was the size of the global micro inverter market in 2022?
The size of micro inverter market was USD 2.4 billion in 2022.
What is the micro inverter market CAGR from 2023 to 2032?
The micro inverter market CAGR during the analysis period of 2023 to 2032 is 17.8%.
Which are the key players in the micro inverter market?
The key players operating in the global micro inverter market are including ABB Group, Delta Energy Systems GmbH, Enphase Energy, Inc., Involar, P and P Energy Technology Co Limited, ReneSola, Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc., and SunPower Corporation.
Which region dominated the global micro inverter market share?
Asia-Pacific region held the dominating position in micro inverter industry during the analysis period of 2023 to 2032.
Which region registered fastest CAGR from 2023 to 2032?
Asia-Pacific region exhibited fastest growing CAGR for market of micro inverter during the analysis period of 2023 to 2032.
What are the current trends in the global micro inverter industry?
The current trends and dynamics in the micro inverter industry include enhanced panel performance through optimization, increased system reliability due to panel-level operation, and improved energy production in varying sunlight conditions.
Which connection type held the maximum share in 2022?
The single phase connection type held the maximum share of the micro inverter industry.
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