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Tuesday, 09 August 2022 04:13 GMT

Solar Micro Inverters Market Size: A Latest Research Report To Share Insights And Dynamics 2022-2031


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Shibuya-ku, Tokyo, Japan, Japan, Aug 04, 2022, 11:01 /Comserve / -- Solar Micro Inverters Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

'A research report on Solar Micro Inverters Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.

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Global solar micro inverters market is projected to grow at a CAGR of over 10% to reach $ 886 million, owing to persistent advances in R&D of solar micro inverters and substantial reduction in costs of micro inverters. A solar micro inverter, or simply microinverter, is a plug-and-play device used in photovoltaics that converts direct current (DC) generated by a single solar module to alternating current (AC).


With declining solar micro inverter prices and rising awareness towards the advantages of module-level power electronics (MLPE) technology, solar micro inverters are gaining traction across different end user segments. Moreover, high modularity and compact size of solar micro inverters make them ideal for residential applications, a major factor boosting the popularity of solar micro inverters at the global level. Additionally, government initiatives driving the adoption of PV installations are expected to further push the demand for solar micro inverters in coming years.


In terms of application, global solar micro inverters market has been categorized into utility, residential and commercial. The residential sector accounted for majority of the global market in 2018 and is expected to witness a healthy growth rate during the forecast period. Expected market dominance of the residential sector can be majorly attributed to increasing adoption of energy conservation measures for controlling the increased energy expenditure in residential applications. Over the coming years, commercial sector is also anticipated to account for a significant portion of the global solar inverters market.


North America emerged as the largest consumer of solar micro inverters across the globe in 2018, owing to growing demand for power and increasing installation of solar energy systems in the region. Among the North American countries, the largest market for solar micro inverters is the US. Furthermore, solar micro inverters market is expected to gain traction in the Asia-Pacific region, especially in countries like India and Australia. Growth of the solar micro inverters market in the region is anticipated to be majority driven by burgeoning demand for power supply, favorable government policies and soaring fuel prices. Among the countries in the Asia-Pacific region, the Indian market for solar invertors is expected to capture a prominent position. Rising awareness about the advantages of micro inverters and widespread adoption of sustainable sources of energy for agriculture are anticipated to fuel solar micro inverters demand across the country.


Global solar micro inverters market, which is dominated by major players, also boasts the presence of small-scale manufacturers. Few of the major companies operating in global solar micro inverters market are Renesola, Enphase Energy Inc., APsystems, Darfon Electronics, Siemens, Chilicon Power LLC among others.

Objective of the Study:
• To analyze and forecast global solar micro inverters market size in terms of value and volume.
• To forecast global solar micro inverters market, based on connectivity, application and regional distribution.
• To identify drivers and challenges for global solar micro inverters market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in global solar micro inverters market.
• To conduct the pricing analysis for global solar micro inverters market.
• To identify and analyze the profile of leading players operating in global solar micro inverters market.
Some of the leading players in global solar micro inverters market are Renesola, Enphase Energy Inc., APsystems, Darfon Electronics, Siemens, AE Conversion Gmbh & Company, Alencon Systems LLC, ABB, SunPower Corporation, Chilicon Power LLC etc.

SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of manufacturers across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the manufacturers which could not be identified due to the limitations of secondary research. SDKI analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.


SDKI calculated global solar micro inverters market size using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by SDKI.


Key Target Audience:
• Solar micro inverter manufacturers
• Solar micro inverters end-user industries
• Government bodies such as regulating authorities and policymakers
• Organizations, forums and alliances related to solar micro inverters market
• Market research and consulting firms


The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.


Report Scope:
In this report, global solar micro inverters market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Connectivity:
o Standalone
o On-grid
• Market, by Application:
o Utility
o Residential
o Commercial
• Market, by Region:
o Asia-Pacific
 China
 India
 Japan
 South Korea
 Australia
 Thailand
 Malaysia
o Europe
 France
 Germany
 United Kingdom
 Italy
 Spain
o North America
 United States
 Mexico
 Canada
o South America
 Brazil
 Argentina
 Chile
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Qatar

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Table of Content 1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Recall
4.3. Brand Satisfaction
4.4. Factors Influencing Purchase Decision
4.5. Challenges/Issues Faced Post Purchase
4.6. Unmet Needs
5. Global Solar Micro Inverters Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Connectivity (Standalone, On-grid)
5.2.2. By Application (Utility, Residential, Commercial)
5.2.3. By Company
5.2.4. By Region
5.3. Market Attractiveness Index
6. Asia-Pacific Solar Micro Inverters Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Connectivity
6.2.2. By Application
6.2.3. By Country
6.3. Market Attractiveness Index
6.4. Asia-Pacific: Country Analysis
6.4.1. China Solar Micro Inverters Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Application
6.4.1.3. Market Attractiveness Index
6.4.2. India Solar Micro Inverters Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Application
6.4.2.3. Market Attractiveness Index
6.4.3. Japan Solar Micro Inverters Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Application
6.4.3.3. Market Attractiveness Index
6.4.4. South Korea Solar Micro Inverters Market Outlook
6.4.4.1. Market Size & Forecast
6.4.4.1.1. By Value
6.4.4.2. Market Share & Forecast
6.4.4.2.1. By Application
6.4.4.3. Market Attractiveness Index
6.4.5. Australia Solar Micro Inverters Market Outlook
6.4.5.1. Market Size & Forecast
6.4.5.1.1. By Value
6.4.5.2. Market Share & Forecast
6.4.5.2.1. By Application
6.4.5.3. Market Attractiveness Index
6.4.6. Thailand Solar Micro Inverters Market Outlook
6.4.6.1. Market Size & Forecast
6.4.6.1.1. By Value
6.4.6.2. Market Share & Forecast
6.4.6.2.1. By Application
6.4.6.3. Market Attractiveness Index
6.4.7. Malaysia Solar Micro Inverters Market Outlook
6.4.7.1. Market Size & Forecast
6.4.7.1.1. By Value
6.4.7.2. Market Share & Forecast
6.4.7.2.1. By Application
6.4.7.3. Market Attractiveness Index
7. Europe Solar Micro Inverters Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Connectivity
7.2.2. By Application
7.2.3. By Country
7.3. Market Attractiveness Index
7.4. Europe: Country Analysis
7.4.1. France Solar Micro Inverters Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Application
7.4.1.3. Market Attractiveness Index
7.4.2. Germany Solar Micro Inverters Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Application
7.4.2.3. Market Attractiveness Index
7.4.3. United Kingdom Solar Micro Inverters Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Application
7.4.3.3. Market Attractiveness Index
7.4.4. Italy Solar Micro Inverters Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Application
7.4.4.3. Market Attractiveness Index
7.4.5. Spain Solar Micro Inverters Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Application
7.4.5.3. Market Attractiveness Index
8. North America Solar Micro Inverters Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Connectivity
8.2.2. By Application
8.2.3. By Country
8.3. Market Attractiveness Index
8.4. North America: Country Analysis
8.4.1. United States Solar Micro Inverters Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Application
8.4.1.3. Market Attractiveness Index
8.4.2. Mexico Solar Micro Inverters Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Application
8.4.2.3. Market Attractiveness Index
8.4.3. Canada Solar Micro Inverters Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Application
8.4.3.3. Market Attractiveness Index
9. South America Solar Micro Inverters Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Connectivity
9.2.2. By Application
9.2.3. By Country
9.3. Market Attractiveness Index
9.4. South America: Country Analysis
9.4.1. Brazil Solar Micro Inverters Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Application
9.4.1.3. Market Attractiveness Index
9.4.2. Argentina Solar Micro Inverters Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Application
9.4.2.3. Market Attractiveness Index
9.4.3. Chile Solar Micro Inverters Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Application
9.4.3.3. Market Attractiveness Index

Get More Info: Solar Micro Inverters Market

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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