マイクロインバータの市場：提供製品別、通信技術別（有線、無線）、タイプ別（単相、三相）、定格電力別（250W未満、250～500W、500W以上）、接続タイプ別、販売チャネル別、用途別 - 2029年までの世界予測

Micro-inverter Market by Offering, Communication Technology (Wired, Wireless), Type (Single Phase, Three Phase), Power Rating (Below 250 W, Between 250 & 500 W, Above 500 W), Connection Type, Sales Channel, Application - Global Forecast to 2029

マイクロインバータの世界市場規模は2024年に49億米ドル、2029年には145億米ドルに達すると予測され、予測期間中の年平均成長率は24.1％を記録する。太陽エネルギー・システムのコスト削減、従来のインバーターに... もっと見る

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MarketsandMarkets マーケッツアンドマーケッツ	2024年1月23日	US$4,950 シングルユーザライセンスライセンス・価格情報注文方法はこちら	198	226	英語

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サマリー

マイクロインバータの世界市場規模は2024年に49億米ドル、2029年には145億米ドルに達すると予測され、予測期間中の年平均成長率は24.1％を記録する。太陽エネルギー・システムのコスト削減、従来のインバーターに対する技術的優位性、エネルギー価格の上昇。こうしたトレンドがマイクロインバータ市場の成長につながっている。
"予測期間中、単相が最も高いCAGRで成長する見込み"
単相セグメントはマイクロインバータ市場で最も高いCAGRで成長している。単相マイクロインバータはコンパクトで、住宅用および商業用アプリケーションに適しており、特に住宅セグメント内の送電に効果的である。特に、米国、オーストラリア、欧州連合などの国々では、単相マイクロインバータの採用が進んでいる。さらに、Enphase EnergyやAltenergy Power Systemsなどの主要な業界企業は、市場の需要拡大に対応するため、さまざまな単相マイクロインバーターオプションを提供しています。
「定格電力250～500Wのセグメントがマイクロインバータ市場を支配している。
定格電力250～500Wのセグメントがマイクロ・インバータ市場を支配している。この電力レンジは、特に住宅設置や中小規模の商業施設に適している。住宅用ソーラーパネルの多くがこの定格電力に分類されることから、このセグメントのマイクロインバータは家庭用ソーラーシステムに最適と考えられている。さらに、中程度の規模の商業施設の出力を効率的にサポートします。この定格電力範囲内の多様な用途が、マイクロインバータの250W～500Wの成長に大きく寄与している。

"マイクロインバータ市場の北米地域は米国が支配的と予測される"
米国では、政府の優遇措置、ソーラーパネル価格の下落、環境意識の高まりなどが相まって、太陽光発電設備が大きく伸びている。太陽光発電設備の拡大に伴い、特に住宅用および小規模商業用アプリケーションにおけるマイクロインバータの需要が高まっている。さらに、米国の住宅用太陽光発電市場は大幅な成長を遂げている。マイクロインバータは、個々のパネルの最適化、拡張性、設置の容易さといった利点があるため、住宅用設置に特に適している。これらの要因が相まって、国内のマイクロインバータ市場拡大の極めて重要な原動力となっている。

マイクロインバータ市場で事業を展開する様々な主要組織の最高経営責任者（CEO）、取締役、その他の経営幹部への詳細なインタビューを実施した。

- 企業タイプ別ティア1 - 25%、ティア2 - 30%、ティア3 - 45
- 役職別Cレベル：30%、取締役：25%、その他：45
- 地域別北米30％、欧州20％、アジア太平洋地域40％、アジア太平洋地域10

米国）、Altenergy Power Systems （米国）、Hoymiles （中国）、Ningbo Deye Inverter Technology Co Ltd （中国）、Chilicon Power LLC （米国）、AEconversion GmbH & CO.KG（ドイツ）、Envertech（中国）、ZJBENY（中国）、Bluesun Solar Co.(Ltd.（中国）、Solar Panels Plus（米国）などが、マイクロインバータ市場の主要プレーヤーである。

本調査では、マイクロインバータ市場におけるこれらの主要プレイヤーの会社概要、最近の動向、主要市場戦略などの詳細な競合分析を掲載しています。

調査範囲

この調査レポートは、マイクロインバータ市場を、製品別（ハードウェア、ソフトウェア＆サービス）、通信技術別（有線、無線）、タイプ別（単相、三相）、定格電力別（250W未満、250W以上500W未満、500W以上）、接続タイプ別（スタンドアロン、系統連系）、販売チャネル別（直接、間接）、用途別（住宅、商業施設、太陽光発電所）、地域別（北米、欧州、アジア太平洋地域、RoW）に分類しています。本レポートでは、マイクロインバータ市場の成長に影響を与える促進要因、阻害要因、課題、機会などの主要要因に関する詳細情報を網羅しています。主要な業界プレイヤーを詳細に分析し、事業概要、ソリューション、サービス、主要戦略、契約、パートナーシップ、協定、新製品・サービスの発表、M&A、マイクロインバータ市場に関連する最近の動向などに関する洞察を提供しています。本レポートは、マイクロインバータ市場のエコシステムにおける今後の新興企業の競争分析をカバーしています。

このレポートを購入する理由

本レポートは、マイクロインバータ市場全体とサブセグメントの収益数の最も近い近似値に関する情報を提供し、市場リーダー/新規参入者に役立ちます。本レポートは、利害関係者が競争状況を理解し、より多くの洞察を得ることで、事業の位置づけを高め、適切な市場参入戦略を計画するのに役立ちます。また、本レポートは、関係者が市場の鼓動を理解するのに役立ち、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供します。

本レポートでは、以下のポイントに関する洞察を提供しています：
- マイクロインバータ市場の成長に影響を与える主な促進要因（太陽エネルギーへの投資の増加、従来のソーラーインバータに対する技術的優位性、ソーラーパネルの設置に貢献するエネルギー価格の上昇、エネルギー需要の増加がマイクロインバータの成長を促進している）、阻害要因（限られた電力処理能力、高い設置費用とメンテナンス費用）、機会（再生可能エネルギーに対する政府のインセンティブと政策、企業による持続可能性への取り組み）、課題（設置時の複雑さ、高い直流電圧に関連する安全リスク）の分析
- 製品開発/イノベーション：マイクロインバータ市場における今後の技術、研究開発活動、新製品・サービス開始に関する詳細な洞察
- 市場開発：有利な市場に関する包括的情報 - 当レポートでは、様々な地域のマイクロインバータ市場を分析しています。
- 市場の多様化：マイクロインバータ市場における新製品＆サービス、未開拓地域、最新動向、投資に関する詳細情報
- 競合評価：Enphase Energy社（米国）、Altenergy Power Systems社（米国）、Hoymiles社（中国）、Ningbo Deye Inverter Technology Co Ltd社（中国）、Chilicon Power LLC社（米国）、AEconversion GmbH & CO.KG（ドイツ）、Envertech（中国）、ZJBENY（中国）、Bluesun Solar Co.(Ltd.（中国）、Solar Panels Plus（米国）などである。

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1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 29
1.3 INCLUSIONS AND EXCLUSIONS 29
1.4 STUDY SCOPE 30
1.4.1 MARKETS COVERED 30
FIGURE 1 MICRO-INVERTER MARKET SEGMENTATION 30
1.4.2 REGIONAL SCOPE 30
1.4.3 YEARS CONSIDERED 31
1.5 CURRENCY CONSIDERED 31
1.6 STAKEHOLDERS 31
1.7 SUMMARY OF CHANGES 32
1.8 IMPACT OF RECESSION 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 2 MICRO-INVERTER MARKET: RESEARCH DESIGN 34
2.1.1 SECONDARY DATA 34
2.1.1.1 List of key secondary sources 35
2.1.1.2 Key data from secondary sources 35
2.1.2 PRIMARY DATA 35
2.1.2.1 Intended participants in primary interviews 36
2.1.2.2 Key data from primary sources 36
2.1.2.3 Key industry insights 37
2.1.2.4 Breakdown of primaries 37
2.2 FACTOR ANALYSIS 38
FIGURE 3 MICRO-INVERTER MARKET: REVENUE GENERATED BY COMPANIES FROM SALES OF MICRO-INVERTER PRODUCTS 38
2.3 MARKET SIZE ESTIMATION METHODOLOGY 39
2.3.1 BOTTOM-UP APPROACH 39
2.3.1.1 Approach to arrive at market size using bottom-up analysis (demand side) 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 40
2.3.2 TOP-DOWN APPROACH 40
2.3.2.1 Approach to arrive at market size using top-down analysis (supply side) 40
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 41
2.4 DATA TRIANGULATION 41
FIGURE 6 MICRO-INVERTER MARKET: DATA TRIANGULATION 42
2.5 RESEARCH ASSUMPTIONS 43
TABLE 1 MICRO-INVERTER MARKET: RESEARCH ASSUMPTIONS 43
2.6 RESEARCH LIMITATIONS 43
2.7 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON MICRO-INVERTER MARKET 44
2.8 RISK ASSESSMENT 44
3 EXECUTIVE SUMMARY 45
FIGURE 7 SINGLE-PHASE MICRO-INVERTERS TO ACCOUNT FOR LARGER MARKET SHARE IN 2024 46
FIGURE 8 MICRO-INVERTERS WITH POWER RATINGS BETWEEN 250 AND 500 W TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 46
FIGURE 9 RESIDENTIAL APPLICATIONS TO EXHIBIT HIGHEST CAGR IN MICRO-INVERTER MARKET FROM 2024 TO 2029 47
FIGURE 10 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR MICRO-INVERTERS DURING FORECAST PERIOD 47
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MICRO-INVERTER MARKET 49
FIGURE 11 GOVERNMENT SUBSIDIES AND INCENTIVES FOR RENEWABLE ENERGY TO FUEL DEMAND FOR MICRO-INVERTERS IN COMING YEARS 49
4.2 MICRO-INVERTER MARKET, BY CONNECTION TYPE 49
FIGURE 12 GRID-TIED SEGMENT TO EXHIBIT FASTER GROWTH RATE IN MICRO-INVERTER MARKET DURING FORECAST PERIOD 49
4.3 MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY 50
FIGURE 13 WIRED SEGMENT DOMINATED MICRO-INVERTER MARKET IN 2023 50
4.4 MICRO-INVERTER MARKET, BY APPLICATION AND REGION 50
FIGURE 14 RESIDENTIAL SEGMENT AND NORTH AMERICA TO BE LARGEST MARKET SHAREHOLDERS IN 2029 50
4.5 MICRO-INVERTER MARKET, BY REGION 51
FIGURE 15 INDIA TO REGISTER HIGHEST CAGR IN GLOBAL MICRO-INVERTER MARKET BETWEEN 2024 AND 2029 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 52
FIGURE 16 MICRO-INVERTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 52
5.2.1 DRIVERS 53
5.2.1.1 Escalating influx of investments in solar energy 53
5.2.1.2 Rising preference for technologically advanced solar inverters over conventional ones 53
5.2.1.3 Increasing solar panel installations due to surge in energy prices 54
5.2.1.4 Rising energy demand 54
FIGURE 17 MICRO-INVERTER MARKET: IMPACT ANALYSIS OF DRIVERS 55
5.2.2 RESTRAINTS 55
5.2.2.1 Complex micro-inverter installation process 55
5.2.2.2 Safety concerns for high DC voltages in micro-inverters 56
FIGURE 18 MICRO-INVERTER MARKET: IMPACT ANALYSIS OF RESTRAINTS 56
5.2.3 OPPORTUNITIES 56
5.2.3.1 Government incentives and policies encouraging adoption of renewable energy 56
5.2.3.2 Corporate sustainability initiatives by businesses 57
FIGURE 19 MICRO-INVERTER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 57
5.2.4 CHALLENGES 58
5.2.4.1 Limited power handling capacity of micro-inverters 58
FIGURE 20 MICRO-INVERTER MARKET: IMPACT ANALYSIS OF CHALLENGES 58
5.3 SUPPLY CHAIN ANALYSIS 59
FIGURE 21 SUPPLY CHAIN ANALYSIS: MICRO-INVERTER MARKET 59
5.4 ECOSYSTEM ANALYSIS 60
FIGURE 22 MICRO-INVERTER MARKET: ECOSYSTEM 60
TABLE 2 ROLE OF PARTICIPANTS IN MICRO-INVERTER ECOSYSTEM 60
5.5 PRICING ANALYSIS 61
5.5.1 PRICING ANALYSIS OF MICRO-INVERTERS OFFERED BY KEY PLAYERS 61
FIGURE 23 AVERAGE SELLING PRICE OF MICRO-INVERTERS OFFERED BY KEY PLAYERS, BY CONNECTION TYPE 61
TABLE 3 AVERAGE SELLING PRICE OF MICRO-INVERTERS PROVIDED BY KEY PLAYERS, BY CONNECTION TYPE (USD) 62
5.5.2 REGION-WISE AVERAGE SELLING PRICE TREND 62
FIGURE 24 AVERAGE SELLING PRICE OF MICRO-INVERTERS, BY REGION, 2018–2022 (USD) 62
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
FIGURE 25 TRANSITION TO RENEWABLE ENERGY TO HAVE POSITIVE IMPACT ON ECOSYSTEM 63
5.7 TECHNOLOGY ANALYSIS 63
5.7.1 SMART GRID 63
5.7.2 INTERNET OF THINGS (IOT) 64
5.7.3 POWER OPTIMIZERS 64
5.8 PORTER’S FIVE FORCES ANALYSIS 64
FIGURE 26 PORTER’S FIVE FORCES MODEL FOR MICRO-INVERTER MARKET 65
TABLE 4 MICRO-INVERTER MARKET: PORTER’S FIVE FORCES ANALYSIS 65
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 67
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 67
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY APPLICATIONS 67
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR APPLICATIONS (%) 67
5.9.2 BUYING CRITERIA 67
FIGURE 28 KEY BUYING CRITERIA FOR KEY APPLICATIONS 67
TABLE 6 KEY BUYING CRITERIA FOR MAJOR APPLICATIONS 68
5.10 CASE STUDY ANALYSIS 68
5.10.1 VINE FRESH PRODUCE LTD. INSTALLED MICRO-INVERTERS BY ENPHASE ENERGY TO POWER ROOFTOP SOLAR SYSTEMS 68
5.10.2 PHARMACARE LIMITED DEPLOYED MICRO-INVERTERS FROM HOYMILES IN SOLAR POWER INSTALLATION PROJECT 68
5.10.3 HALEAKALA SOLAR IN HAWAII INSTALLED ENPHASE ENERGY’S MICRO-INVERTERS THAT REMAIN FUNCTIONAL IN HARSH ENVIRONMENTAL CONDITIONS 69
5.10.4 CONVERGENCE ENERGY CHOSE ENPHASE ENERGY’S MICRO-INVERTERS FOR ROOFTOP INSTALLATIONS TO MEET ENERGY DEMAND 69
5.10.5 PIVOT ENERGY INSTALLED ENPHASE ENERGY’S MICRO-INVERTERS IN BUSCH STADIUM TO REDUCE ENERGY CONSUMPTION 69
5.10.6 PIVOT ENERGY INSTALLED ENPHASE ENERGY’S MICRO-INVERTERS IN BUSCH STADIUM TO REDUCE ENERGY CONSUMPTION 70
5.11 TRADE ANALYSIS 70
5.11.1 IMPORT SCENARIO 70
FIGURE 29 IMPORT VALUES FOR KEY COUNTRIES, 2018–2022 (USD MILLION) 70
5.11.2 EXPORT SCENARIO 71
FIGURE 30 EXPORT VALUES FOR KEY COUNTRIES, 2018–2022 (USD MILLION) 71
5.12 PATENT ANALYSIS 71
FIGURE 31 MICRO-INVERTER MARKET: PATENTS APPLIED AND GRANTED, 2013–2023 71
TABLE 7 LIST OF KEY PATENTS IN MICRO-INVERTER MARKET 72
5.13 KEY CONFERENCES AND EVENTS, 2024–2025 73
TABLE 8 MICRO-INVERTER MARKET: LIST OF CONFERENCES AND EVENTS 73
5.13.1 TARIFF ANALYSIS 74
TABLE 9 MFN TARIFF FOR HS CODE 8504-COMPLIANT PRODUCTS EXPORTED BY JAPAN 74
TABLE 10 MFN TARIFF FOR HS CODE 8504-COMPLIANT PRODUCTS EXPORTED BY CHINA 74
5.14 REGULATORY LANDSCAPE AND STANDARDS 75
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 14 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 77
5.14.2 SAFETY STANDARDS 77
TABLE 15 SAFETY STANDARDS RELATED TO MICRO-INVERTER PRODUCTS 77
6 KEY FEATURES OF MICRO-INVERTERS 78
6.1 INTRODUCTION 78
6.2 FAST SHUTDOWN IN EMERGENCY 78
6.3 PANEL-LEVEL MONITORING 78
6.4 SCALABILITY 79
6.5 MULTIPLE-ANGEL INSTALLATION 79
7 MICRO-INVERTER MARKET, BY OFFERING 80
7.1 INTRODUCTION 81
FIGURE 32 MICRO-INVERTER MARKET, BY OFFERING 81
FIGURE 33 HARDWARE SEGMENT TO CAPTURE LARGER SHARE OF MICRO-INVERTER MARKET IN 2029 81
TABLE 16 MICRO-INVERTER MARKET, BY OFFERING, 2020–2023 (USD MILLION) 82
TABLE 17 MICRO-INVERTER MARKET, BY OFFERING, 2024–2029 (USD MILLION) 82
7.2 HARDWARE 82
7.2.1 TECHNOLOGICAL ADVANCEMENTS IN HARDWARE COMPONENTS TO ACCELERATE SEGMENTAL GROWTH 82
7.3 SOFTWARE & SERVICES 83
7.3.1 RISING ADOPTION OF SMART TECHNOLOGIES IN SOLAR INDUSTRY TO FUEL SEGMENTAL GROWTH 83
8 MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY 84
8.1 INTRODUCTION 85
FIGURE 34 MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY 85
FIGURE 35 WIRED TECHNOLOGY-BASED MICRO-INVERTERS TO ACCOUNT FOR LARGER MARKET SHARE IN 2029 85
TABLE 18 MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2020–2023 (USD MILLION) 86
TABLE 19 MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION) 86
8.2 WIRED 87
8.2.1 NEED FOR ROBUST AND SECURE COMMUNICATION INFRASTRUCTURE TO FUEL SEGMENTAL GROWTH 87
TABLE 20 WIRED: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 87
TABLE 21 WIRED: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 87
8.3 WIRELESS 88
8.3.1 REQUIREMENT FOR REMOTE AND REAL-TIME DATA ACCESS TO ACCELERATE SEGMENTAL GROWTH 88
TABLE 22 WIRELESS: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 88
TABLE 23 WIRELESS: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 88
9 MICRO-INVERTER MARKET, BY TYPE 89
9.1 INTRODUCTION 90
FIGURE 36 MICRO-INVERTER MARKET, BY TYPE 90
FIGURE 37 SINGLE-PHASE MICRO-INVERTERS TO LEAD MARKET THROUGHOUT FORECAST PERIOD 90
TABLE 24 MICRO-INVERTER MARKET, BY TYPE, 2020–2023 (USD MILLION) 91
TABLE 25 MICRO-INVERTER MARKET, BY TYPE, 2024–2029 (USD MILLION) 91
TABLE 26 MICRO-INVERTER MARKET, BY TYPE, 2020–2023 (MILLION UNITS) 91
TABLE 27 MICRO-INVERTER MARKET, BY TYPE, 2024–2029 (MILLION UNITS) 91
9.2 SINGLE-PHASE 92
9.2.1 ELEVATING DEMAND FROM RESIDENTIAL APPLICATIONS TO DRIVE MARKET 92
TABLE 28 SINGLE-PHASE: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 92
TABLE 29 SINGLE-PHASE: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 92
9.3 THREE-PHASE 93
9.3.1 RISING ADOPTION IN PV POWER PLANTS AND COMMERCIAL APPLICATIONS TO FUEL MARKET GROWTH 93
TABLE 30 THREE-PHASE: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 93
TABLE 31 THREE PHASE: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 93
10 MICRO-INVERTER MARKET, BY POWER RATING 94
10.1 INTRODUCTION 95
FIGURE 38 MICRO-INVERTER MARKET, BY POWER RATING 95
FIGURE 39 MICRO-INVERTERS WITH POWER RATINGS BETWEEN 250 AND 500 W TO LEAD MARKET FROM 2024 TO 2029 95
TABLE 32 MICRO-INVERTER MARKET, BY POWER RATING, 2020–2023 (USD MILLION) 95
TABLE 33 MICRO-INVERTER MARKET, BY POWER RATING, 2024–2029 (USD MILLION) 96
10.2 BELOW 250 W 96
10.2.1 GROWING USE IN SMALL-SCALE RESIDENTIAL APPLICATIONS TO DRIVE MARKET 96
TABLE 34 BELOW 250 W: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 96
TABLE 35 BELOW 250 W: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 97
10.3 BETWEEN 250 AND 500 W 97
10.3.1 INCREASING INSTALLATION OF LARGER GROUND-MOUNTED SOLAR PANELS TO FUEL SEGMENTAL GROWTH 97
TABLE 36 BETWEEN 250 AND 500 W: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 97
TABLE 37 BETWEEN 250 AND 500 W: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 97
10.4 ABOVE 500 W 98
10.4.1 RISING DEMAND FROM PV POWER PLANTS AND LARGE INDUSTRIES TO DRIVE MARKET 98
TABLE 38 ABOVE 500 W: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 98
TABLE 39 ABOVE 500 W: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 98
11 MICRO-INVERTER MARKET, BY CONNECTION TYPE 99
11.1 INTRODUCTION 100
FIGURE 40 MICRO-INVERTER MARKET, BY CONNECTION TYPE 100
FIGURE 41 GRID-TIED MICRO-INVERTERS TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD 100
TABLE 40 MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION) 101
TABLE 41 MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION) 101
11.2 STANDALONE 101
11.2.1 RISING UTILIZATION OF MICRO-INVERTERS IN REMOTE AREAS TO BOOST SEGMENTAL GROWTH 101
TABLE 42 STANDALONE: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 101
TABLE 43 STANDALONE: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 102
11.3 GRID-TIED 102
11.3.1 SIGNIFICANT FOCUS ON MAXIMIZING ENERGY HARVESTING TO BOOST DEMAND 102
TABLE 44 GRID-TIED: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 102
TABLE 45 GRID-TIED: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 102
12 MICRO-INVERTER MARKET, BY SALES CHANNEL 103
12.1 INTRODUCTION 104
FIGURE 42 MICRO-INVERTER MARKET, BY SALES CHANNEL 104
FIGURE 43 INDIRECT SALES CHANNELS TO COMMAND MICRO-INVERTER MARKET THROUGHOUT FORECAST PERIOD 104
TABLE 46 MICRO-INVERTER MARKET, BY SALES CHANNEL, 2020–2023 (USD MILLION) 104
TABLE 47 MICRO-INVERTER MARKET, BY SALES CHANNEL, 2024–2029 (USD MILLION) 105
12.2 DIRECT 105
12.2.1 GROWING TREND OF E-COMMERCE AND DIGITALIZATION TO PROPEL SEGMENTAL GROWTH 105
TABLE 48 DIRECT: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 105
TABLE 49 DIRECT: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 106
12.3 INDIRECT 106
12.3.1 STRONG DISTRIBUTION NETWORK OF MICRO-INVERTER MANUFACTURERS TO FUEL SEGMENTAL GROWTH 106
TABLE 50 INDIRECT: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 106
TABLE 51 INDIRECT: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 106
13 MICRO-INVERTER MARKET, BY APPLICATION 107
13.1 INTRODUCTION 108
FIGURE 44 MICRO-INVERTER MARKET, BY APPLICATION 108
FIGURE 45 RESIDENTIAL SEGMENT TO DOMINATE MICRO-INVERTER MARKET THROUGHOUT FORECAST PERIOD 108
TABLE 52 MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 109
TABLE 53 MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 109
13.2 RESIDENTIAL 109
13.2.1 INCREASING INSTALLATION AND AFFORDABILITY OF SOLAR SYSTEMS TO BOOST DEMAND FOR MICRO-INVERTERS 109
TABLE 54 RESIDENTIAL: MICRO-INVERTER MARKET, BY TYPE, 2020–2023 (USD MILLION) 110
TABLE 55 RESIDENTIAL: MICRO-INVERTER MARKET, BY TYPE, 2024–2029 (USD MILLION) 110
TABLE 56 RESIDENTIAL: MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION) 110
TABLE 57 RESIDENTIAL: MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION) 110
TABLE 58 RESIDENTIAL: MICRO-INVERTER MARKET, BY POWER RATING, 2020–2023 (USD MILLION) 111
TABLE 59 RESIDENTIAL: MICRO-INVERTER MARKET, BY POWER RATING, 2024–2029 (USD MILLION) 111
TABLE 60 RESIDENTIAL: MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2020–2023 (USD MILLION) 111
TABLE 61 RESIDENTIAL: MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION) 112
TABLE 62 RESIDENTIAL: MICRO-INVERTER MARKET, BY SALES CHANNEL, 2020–2023 (USD MILLION) 112
TABLE 63 RESIDENTIAL: MICRO-INVERTER MARKET, BY SALES CHANNEL, 2024–2029 (USD MILLION) 112
TABLE 64 RESIDENTIAL: MICRO-INVERTER MARKET, BY REGION, 2020–2023 (USD MILLION) 112
TABLE 65 RESIDENTIAL: MICRO-INVERTER MARKET, BY REGION, 2024–2029 (USD MILLION) 113
13.3 COMMERCIAL 113
13.3.1 GROWING FOCUS ON ENVIRONMENTAL SUSTAINABILITY TO DRIVE MARKET 113
TABLE 66 COMMERCIAL: MICRO-INVERTER MARKET, BY TYPE, 2020–2023 (USD MILLION) 113
TABLE 67 COMMERCIAL: MICRO-INVERTER MARKET, BY TYPE, 2024–2029 (USD MILLION) 113
TABLE 68 COMMERCIAL: MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION) 114
TABLE 69 COMMERCIAL: MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION) 114
TABLE 70 COMMERCIAL: MICRO-INVERTER MARKET, BY POWER RATING, 2020–2023 (USD MILLION) 114
TABLE 71 COMMERCIAL: MICRO-INVERTER MARKET, BY POWER RATING, 2024–2029 (USD MILLION) 114
TABLE 72 COMMERCIAL: MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2020–2023 (USD MILLION) 115
TABLE 73 COMMERCIAL: MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION) 115
TABLE 74 COMMERCIAL: MICRO-INVERTER MARKET, BY SALES CHANNEL, 2020–2023 (USD MILLION) 115
TABLE 75 COMMERCIAL: MICRO-INVERTER MARKET, BY SALES CHANNEL, 2024–2029 (USD MILLION) 115
TABLE 76 COMMERCIAL: MICRO-INVERTER MARKET, BY REGION, 2020–2023 (USD MILLION) 116
TABLE 77 COMMERCIAL: MICRO-INVERTER MARKET, BY REGION, 2024–2029 (USD MILLION) 116
13.4 PV POWER PLANTS 116
13.4.1 INCREASING INVESTMENTS IN PV POWER PLANTS TO FUEL MARKET GROWTH 116
TABLE 78 PV POWER PLANTS: MICRO-INVERTER MARKET, BY TYPE, 2020–2023 (USD MILLION) 117
TABLE 79 PV POWER PLANTS: MICRO-INVERTER MARKET, BY TYPE, 2024–2029 (USD MILLION) 117
TABLE 80 PV POWER PLANTS: MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2020–2023 (USD MILLION) 117
TABLE 81 PV POWER PLANTS: MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2024–2029 (USD MILLION) 117
TABLE 82 PV POWER PLANTS: MICRO-INVERTER MARKET, BY POWER RATING, 2020–2023 (USD MILLION) 118
TABLE 83 PV POWER PLANTS: MICRO-INVERTER MARKET, BY POWER RATING, 2024–2029 (USD MILLION) 118
TABLE 84 PV POWER PLANTS: MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2020–2023 (USD MILLION) 118
TABLE 85 PV POWER PLANTS: MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2029 (USD MILLION) 118
TABLE 86 PV POWER PLANTS: MICRO-INVERTER MARKET, BY SALES CHANNEL, 2020–2023 (USD MILLION) 119
TABLE 87 PV POWER PLANTS: MICRO-INVERTER MARKET, BY SALES CHANNEL, 2024–2029 (USD MILLION) 119
TABLE 88 PV POWER PLANTS: MICRO-INVERTER MARKET, BY REGION, 2020–2023 (USD MILLION) 119
TABLE 89 PV POWER PLANTS: MICRO-INVERTER MARKET, BY REGION, 2024–2029 (USD MILLION) 119
14 MICRO-INVERTER MARKET, BY REGION 120
14.1 INTRODUCTION 121
FIGURE 46 REGIONAL SPLIT OF MICRO-INVERTER MARKET 121
FIGURE 47 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN MICRO-INVERTER MARKET FROM 2024 TO 2029 121
TABLE 90 MICRO-INVERTER MARKET, BY REGION, 2020–2023 (USD MILLION) 122
TABLE 91 MICRO-INVERTER MARKET, BY REGION, 2024–2029 (USD MILLION) 122
14.2 NORTH AMERICA 123
FIGURE 48 NORTH AMERICA: MICRO-INVERTER MARKET SNAPSHOT 123
TABLE 92 NORTH AMERICA: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 124
TABLE 93 NORTH AMERICA: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 124
TABLE 94 NORTH AMERICA: MICRO-INVERTER MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 124
TABLE 95 NORTH AMERICA: MICRO-INVERTER MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 124
14.2.1 NORTH AMERICA: RECESSION IMPACT 125
14.2.2 US 125
14.2.2.1 Increasing solar installations to fuel demand for micro-inverters 125
14.2.3 CANADA 126
14.2.3.1 Government incentives for solar installations to drive market 126
14.2.4 MEXICO 126
14.2.4.1 Rapid transition toward clean energy to accelerate market growth 126
14.3 EUROPE 127
FIGURE 49 EUROPE: MICRO-INVERTER MARKET SNAPSHOT 127
TABLE 96 EUROPE: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 128
TABLE 97 EUROPE: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 128
TABLE 98 EUROPE: MICRO-INVERTER MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 128
TABLE 99 EUROPE: MICRO-INVERTER MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 129
14.3.1 EUROPE: RECESSION IMPACT 129
14.3.2 GERMANY 130
14.3.2.1 Strong focus on solar PV expansion to boost requirement for micro-inverters 130
14.3.3 UK 130
14.3.3.1 Government investments in innovative energy technologies to foster market growth 130
14.3.4 NETHERLANDS 130
14.3.4.1 High utilization of solar panels in residential and commercial applications to support market growth 130
14.3.5 FRANCE 131
14.3.5.1 Renewable energy initiatives to contribute to market growth 131
14.3.6 REST OF EUROPE 131
14.4 ASIA PACIFIC 132
FIGURE 50 ASIA PACIFIC: MICRO-INVERTER MARKET SNAPSHOT 132
TABLE 100 ASIA PACIFIC: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 133
TABLE 101 ASIA PACIFIC: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 133
TABLE 102 ASIA PACIFIC: MICRO-INVERTER MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 133
TABLE 103 ASIA PACIFIC: MICRO-INVERTER MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 134
14.4.1 ASIA PACIFIC: RECESSION IMPACT 134
14.4.2 CHINA 135
14.4.2.1 Increasing rooftop solar PV installations to stimulate market growth 135
14.4.3 JAPAN 135
14.4.3.1 Enforcement of policies and initiatives encouraging solar energy utilization to drive market 135
14.4.4 INDIA 135
14.4.4.1 Government schemes and programs to increase solar power generation to boost demand for micro-inverters 135
14.4.5 AUSTRALIA 136
14.4.5.1 Heightened rooftop solar power installation to drive market 136
14.4.6 REST OF ASIA PACIFIC 136
14.5 REST OF THE WORLD (ROW) 136
TABLE 104 ROW: MICRO-INVERTER MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 136
TABLE 105 ROW: MICRO-INVERTER MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 137
TABLE 106 ROW: MICRO-INVERTER MARKET, BY REGION, 2020–2023 (USD MILLION) 137
TABLE 107 ROW: MICRO-INVERTER MARKET, BY REGION, 2024–2029 (USD MILLION) 137
14.5.1 ROW: RECESSION IMPACT 138
14.5.2 SOUTH AMERICA 138
14.5.2.1 Increasing number of solar projects to support market growth 138
14.5.3 MIDDLE EAST 138
14.5.3.1 Rising number of PV projects to accelerate demand for micro-inverters 138
15 COMPETITIVE LANDSCAPE 139
15.1 OVERVIEW 139
15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 139
TABLE 108 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MICRO-INVERTER MANUFACTURERS 139
15.2.1 PRODUCT PORTFOLIO 140
15.2.2 REGIONAL FOCUS 140
15.2.3 SOLUTION OFFERINGS 140
15.2.4 ORGANIC/INORGANIC STRATEGIES 140
15.3 REVENUE ANALYSIS OF TOP COMPANIES 140
FIGURE 51 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN MICRO-INVERTER MARKET, 2018–2022 140
15.4 MARKET SHARE ANALYSIS 141
TABLE 109 DEGREE OF COMPETITION IN MICRO-INVERTER MARKET, 2023 141
FIGURE 52 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023 141
15.5 EVALUATION MATRIX FOR KEY PLAYERS 143
15.5.1 STARS 143
15.5.2 EMERGING LEADERS 143
15.5.3 PERVASIVE PLAYERS 143
15.5.4 PARTICIPANTS 143
FIGURE 53 EVALUATION MATRIX FOR KEY COMPANIES, 2023 144
15.5.5 MICRO-INVERTER MARKET: COMPANY FOOTPRINT 145
TABLE 110 OVERALL FOOTPRINT (17 COMPANIES) 145
TABLE 111 TYPE FOOTPRINT (17 COMPANIES) 146
TABLE 112 APPLICATION FOOTPRINT (17 COMPANIES) 147
TABLE 113 REGION FOOTPRINT (17 COMPANIES) 148
15.6 EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES 149
15.6.1 PROGRESSIVE COMPANIES 149
15.6.2 RESPONSIVE COMPANIES 149
15.6.3 DYNAMIC COMPANIES 149
15.6.4 STARTING BLOCKS 149
FIGURE 54 EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES, 2023 150
15.6.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 151
TABLE 114 MICRO-INVERTER MARKET: LIST OF KEY STARTUPS/SMES 151
TABLE 115 MICRO-INVERTER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (8 COMPANIES) 152
15.7 COMPETITIVE SCENARIO 152
15.7.1 PRODUCT LAUNCHES 152
TABLE 116 MICRO-INVERTER MARKET: PRODUCT LAUNCHES, 2020−2023 152
15.7.2 DEALS 153
TABLE 117 MICRO-INVERTER MARKET: DEALS, 2020–2023 153
16 COMPANY PROFILES 155
16.1 KEY PLAYERS 155
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
16.1.1 ENPHASE ENERGY 155
TABLE 118 ENPHASE ENERGY: COMPANY OVERVIEW 155
FIGURE 55 ENPHASE ENERGY: COMPANY SNAPSHOT 155
TABLE 119 ENPHASE ENERGY: PRODUCTS OFFERED 156
TABLE 120 ENPHASE ENERGY: PRODUCT LAUNCHES 156
TABLE 121 ENPHASE ENERGY: DEALS 157
16.1.2 ALTENERGY POWER SYSTEM INC. 159
TABLE 122 ALTENERGY POWER SYSTEM INC.: COMPANY OVERVIEW 159
TABLE 123 ALTENERGY POWER SYSTEM INC.: PRODUCTS OFFERED 159
TABLE 124 ALTENERGY POWER SYSTEM INC.: PRODUCT LAUNCHES 160
16.1.3 HOYMILES 161
TABLE 125 HOYMILES: COMPANY OVERVIEW 161
FIGURE 56 HOYMILES: COMPANY SNAPSHOT 162
TABLE 126 HOYMILES: PRODUCTS OFFERED 162
TABLE 127 HOYMILES: PRODUCT LAUNCHES 163
16.1.4 NINGBO DEYE INVERTER TECHNOLOGY CO., LTD. 164
TABLE 128 NINGBO DEYE INVERTER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 164
TABLE 129 NINGBO DEYE INVERTER TECHNOLOGY CO., LTD.: PRODUCTS OFFERED 164
16.1.5 CHILICON POWER, LLC. 166
TABLE 130 CHILICON POWER, LLC.: COMPANY OVERVIEW 166
TABLE 131 CHILICON POWER, LLC.: PRODUCTS OFFERED 166
16.1.6 AECONVERSION GMBH & CO. KG. 168
TABLE 132 AECONVERSION GMBH & CO. KG.: COMPANY OVERVIEW 168
TABLE 133 AECONVERSION GMBH & CO. KG.: PRODUCTS OFFERED 168
16.1.7 ENVERTECH 169
TABLE 134 ENVERTECH: COMPANY OVERVIEW 169
TABLE 135 ENVERTECH: PRODUCTS OFFERED 169
16.1.8 ZJBENY 170
TABLE 136 ZJBENY: COMPANY OVERVIEW 170
TABLE 137 ZJBENY: PRODUCTS OFFERED 170
16.1.9 BLUESUN SOLAR CO., LTD 171
TABLE 138 BLUESUN SOLAR CO., LTD: COMPANY OVERVIEW 171
TABLE 139 BLUESUN SOLAR CO., LTD: PRODUCTS OFFERED 171
16.1.10 SOLAR PANELS PLUS 172
TABLE 140 SOLAR PANELS PLUS: COMPANY OVERVIEW 172
TABLE 141 SOLAR PANELS PLUS: PRODUCTS OFFERED 172
16.2 OTHER KEY PLAYERS 173
16.2.1 NORTHERN ELECTRIC POWER TECHNOLOGY INC. 173
TABLE 142 NORTHERN ELECTRIC POWER TECHNOLOGY INC.: COMPANY OVERVIEW 173
16.2.2 SPARQ SYSTEMS 174
TABLE 143 SPARQ SYSTEMS: COMPANY OVERVIEW 174
16.2.3 U R ENERGY 175
TABLE 144 U R ENERGY: COMPANY OVERVIEW 175
16.2.4 LEADSOLAR ENERGY 176
TABLE 145 LEADSOLAR ENERGY: COMPANY OVERVIEW 176
16.2.5 GRACE RENEWABLE ENERGY 177
TABLE 146 GRACE RENEWABLE ENERGY: COMPANY OVERVIEW 177
16.2.6 ZHEJIANG SANDI ELECTRIC CO., LTD 178
TABLE 147 ZHEJIANG SANDI ELECTRIC CO., LTD: COMPANY OVERVIEW 178
16.2.7 SUNROVER POWER CO., LTD 179
TABLE 148 SUNROVER POWER CO., LTD: COMPANY OVERVIEW 179
16.2.8 YOTTA ENERGY 180
TABLE 149 YOTTA ENERGY: COMPANY OVERVIEW 180
16.2.9 CRYSTAL SOLAR ENERGY 181
TABLE 150 CRYSTAL SOLAR ENERGY: COMPANY OVERVIEW 181
16.2.10 HUAYU(NINGBO)NEW ENERGY TECHNOLOGIES CO., LTD. 182
TABLE 151 HUAYU(NINGBO)NEW ENERGY TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW 182
16.2.11 CHISAGEESS 183
TABLE 152 CHISAGEESS: COMPANY OVERVIEW 183
16.2.12 TSUNESS CO., LTD. 184
TABLE 153 TSUNESS CO., LTD.: COMPANY OVERVIEW 184
16.2.13 SHENZHEN WOCOR POWERAY TECHNOLOGY CO., LTD. 185
TABLE 154 SHENZHEN WOCOR POWERAY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 185
16.2.14 NINGBO AUSTA SOLAR TECH CO., LTD. 186
TABLE 155 NINGBO AUSTA SOLAR TECH CO., LTD.: COMPANY OVERVIEW 186
16.2.15 SUNSIGHTS ENERGY LLP 187
TABLE 156 SUNSIGHTS ENERGY LLP: COMPANY OVERVIEW 187
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
17 ADJACENT MARKET 188
17.1 INTRODUCTION 188
17.2 PHOTOVOLTAIC MARKET, BY APPLICATION 188
TABLE 157 PHOTOVOLTAIC MARKET, BY APPLICATION, 2019–2022 (USD BILLION) 188
TABLE 158 PHOTOVOLTAIC MARKET, BY APPLICATION, 2023–2028 (USD BILLION) 189
17.3 RESIDENTIAL 189
17.3.1 GOVERNMENT INCENTIVES ENCOURAGING ADOPTION OF PV SYSTEMS TO ACCELERATE SEGMENTAL GROWTH 189
TABLE 159 RESIDENTIAL: PHOTOVOLTAIC MARKET, BY COMPONENT, 2019–2022 (USD BILLION) 190
TABLE 160 RESIDENTIAL: PHOTOVOLTAIC MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 190
TABLE 161 RESIDENTIAL: PHOTOVOLTAIC MARKET, BY REGION, 2019–2022 (USD BILLION) 191
TABLE 162 RESIDENTIAL: PHOTOVOLTAIC MARKET, BY REGION, 2023–2028 (USD BILLION) 191
17.4 COMMERCIAL AND INDUSTRIAL 191
17.4.1 COMMERCIAL BUILDINGS, BANKS, EDUCATIONAL INSTITUTIONS, ENTERPRISES, AND HOSPITALS TO CONTRIBUTE TO SEGMENTAL GROWTH 191
TABLE 163 COMMERCIAL AND INDUSTRIAL: PHOTOVOLTAIC MARKET, BY COMPONENT, 2019–2022 (USD BILLION) 193
TABLE 164 COMMERCIAL AND INDUSTRIAL: PHOTOVOLTAIC MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 193
TABLE 165 COMMERCIAL AND INDUSTRIAL: PHOTOVOLTAIC MARKET, BY REGION, 2019–2022 (USD BILLION) 194
TABLE 166 COMMERCIAL AND INDUSTRIAL: PHOTOVOLTAIC MARKET, BY REGION, 2023–2028 (USD BILLION) 194
17.5 UTILITY 194
17.5.1 RISING FOCUS ON BUILDING ECOLOGICALLY SAFE POWER PLANTS TO BOOST DEMAND FOR PV SYSTEMS 194
TABLE 167 UTILITY: PHOTOVOLTAIC MARKET, BY COMPONENT, 2019–2022 (USD BILLION) 195
TABLE 168 UTILITY: PHOTOVOLTAIC MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 196
TABLE 169 UTILITY: PHOTOVOLTAIC MARKET, BY REGION, 2019–2022 (USD BILLION) 196
TABLE 170 UTILITY: PHOTOVOLTAIC MARKET, BY REGION, 2023–2028 (USD BILLION) 196
18 APPENDIX 197
18.1 INSIGHTS FROM INDUSTRY EXPERTS 197
18.2 DISCUSSION GUIDE 197
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 201
18.4 CUSTOMIZATION OPTIONS 203
18.5 RELATED REPORTS 203
18.6 AUTHOR DETAILS 204

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Table of Contents

Summary

The global micro-inverter market was valued at USD 4.9 billion in 2024 and is estimated to reach USD 14.5 billion by 2029, registering a CAGR of 24.1% during the forecast period. Reduced costs of solar energy systems, technical advantages over conventional inverter, and increasing energy prices. These trends are leading to the growth of the micro-inverter market.
“Single phase is expected to grow at the highest CAGR during the forecast period.”
Single Phase segment is growing at the highest CAGR in the micro-inverter market. Compact and well-suited for residential and commercial applications, single-phase micro-inverters are particularly effective in electricity transmission within the residential segment. Notably, countries like the United States, Australia, and the European Union are increasingly embracing the adoption of single-phase micro-inverters. Additionally, key industry players such as Enphase Energy and Altenergy Power Systems provide a range of single-phase micro-inverter options to cater to the growing demand in the market.
“Power rating between 250 and 500 W segment is dominating the micro-inverter market.”
The power rating between 250 and 500 W segment is dominating the micro-inverter market. This power range proves particularly well-suited for residential installations and small to medium-sized commercial setups. Given that many solar panels intended for residential use fall within this power rating category, micro-inverters in this segment are considered ideal for home solar systems. Moreover, they efficiently support the power outputs of moderately sized commercial installations. The diverse applications within this power rating range contribute significantly to micro-inverters' growth between 250W and 500W.

“The US is projected to dominate the North American region for the micro-inverter market.”
The US has experienced significant growth in solar installations, driven by a combination of government incentives, falling solar panel prices, and increasing environmental awareness. As solar installations expand, the demand for microinverters, especially in residential and small commercial applications, has risen. Moreover, the residential solar market in the US has seen substantial growth. Microinverters are particularly well-suited for residential installations because they offer individual panel optimization, scalability, and ease of installation benefits. These factors collectively serve as pivotal drivers for the expansion of the micro-inverter market within the country.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the micro-inverter marketplace.

• By Company Type: Tier 1 – 25%, Tier 2 – 30%, and Tier 3 – 45%
• By Designation: C-level Executives – 30%, Directors – 25%, and Others – 45%
• By Region: North America– 30%, Europe – 20%, Asia Pacific– 40% and RoW- 10%

Enphase Energy (US), Altenergy Power Systems (US), Hoymiles (China), Ningbo Deye Inverter Technology Co Ltd (China), Chilicon Power LLC (US), AEconversion GmbH & CO. KG (Germany), Envertech (China), ZJBENY (China), Bluesun Solar Co., Ltd. (China), and Solar Panels Plus (US), are some of the key players in the micro-inverter market.

The study includes an in-depth competitive analysis of these key players in the micro-inverter market, with their company profiles, recent developments, and key market strategies.

Research Coverage

This research report categorizes the micro-inverter market by offerings (Hardware, Software & Services), by communication technology (Wired, Wireless), by type (Single Phase, Three Phase), by Power Rating (Below 250 W, Between 250 and 500 W, and Above 500 W) by connection type (Stand-alone, Grid-tied), by sales channel (Direct, Indirect), by application (Residential, Commercial, and PV Power Plant) and by region (North America, Europe, Asia Pacific, and RoW). The report's scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the micro-inverter market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements, new product & service launches, mergers and acquisitions; and recent developments associated with the micro-inverter market. This report covers the competitive analysis of upcoming startups in the micro-inverter market ecosystem.

Reasons to buy this report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall micro-inverter market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Increasing investments in solar energy, Technical advantages over conventional solar inverters, Increasing energy Prices contributing towards installations of solar panels, Rising energy demand is fueling the growth of microinverters), restraints (Limited Power Handling Capacity, High installations and maintenance costs), opportunities (Government incentives and policies for renewable energy, Corporate sustainability initiatives by businesses), and challenges (Complexity during the installations, Safety risks associated with high DC voltages) influencing the growth of the micro-inverter market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the micro-inverter market
• Market Development: Comprehensive information about lucrative markets – the report analyses the micro-inverter market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the micro-inverter market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Enphase Energy (US), Altenergy Power Systems (US), Hoymiles (China), Ningbo Deye Inverter Technology Co Ltd (China), Chilicon Power LLC (US), AEconversion GmbH & CO. KG (Germany), Envertech (China), ZJBENY (China), Bluesun Solar Co., Ltd. (China), and Solar Panels Plus (US) among others in the micro-inverter market.

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Table of Contents

ご注文は、お電話またはWEBから承ります。お見積もりの作成もお気軽にご相談ください。

本レポートと同分野（電子部品／半導体）の最新刊レポート

MarketsandMarkets社のSemiconductor and Electronics分野での最新刊レポート

本レポートと同じKEY WORD（）の最新刊レポート

よくあるご質問

MarketsandMarkets社はどのような調査会社ですか?

調査レポートの納品までの日数はどの程度ですか?

注文の手続きはどのようになっていますか?

お支払方法の方法はどのようになっていますか?

データリソース社はどのような会社ですか?