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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.
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.
Market Analysis and Insights: Global Micro Inverter Market
The global Micro Inverter market was valued at US$ 2856.8 in 2020 and will reach US$ 5314.7 million by the end of 2027, growing at a CAGR of 10.9% during 2022-2027.
Global Micro Inverter Scope and Market Size
The global Micro Inverter market is segmented by company, region (country), 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 sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Single-phase
Three-phase
Segment by Application
Residential
Commercial
The Micro Inverter market is analysed and market size information is provided by regions (countries). Segment by Application, the Micro Inverter market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
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
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.
Market Analysis and Insights: Global Micro Inverter Market
The global Micro Inverter market was valued at US$ 2856.8 in 2020 and will reach US$ 5314.7 million by the end of 2027, growing at a CAGR of 10.9% during 2022-2027.
Global Micro Inverter Scope and Market Size
The global Micro Inverter market is segmented by company, region (country), 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 sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Single-phase
Three-phase
Segment by Application
Residential
Commercial
The Micro Inverter market is analysed and market size information is provided by regions (countries). Segment by Application, the Micro Inverter market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
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
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.
