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Microinverters: Global Markets

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    Report

  • 208 Pages
  • September 2022
  • Region: Global
  • BCC Research
  • ID: 5654413
Description Jump to:

In this report, the market has been segmented based on phase type, connectivity, capacity, end user, and geography. The report provides an overview of the global microinverter market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period of 2022 through 2027. Market values have been estimated based on the total revenue of microinverter providers.

The report covers the market for microinverters with regard to the end-user base across different regions. It also highlights major trends and challenges that can affect the market and the vendor landscape. The report estimates the global market for microinverters in 2021 and provides projections for the expected market size through 2027.

The scope of the study includes microinverters phase type, connectivity, capacity, and end user. However, utility-scale applications have been excluded from the study.

Report Includes

  • 110 data tables and 67 additional tables
  • A comprehensive overview and up-to-date analysis of the global markets for microinverters
  • Analyses of the global market trends, with historic revenue data for 2021, estimates for 2022, forecasts for 2023 and 2025, and projections of five year compound annual growth rates (CAGRs) through 2027
  • Estimation of the actual market size and market forecast for microinverter in value and volumetric terms, and their corresponding market share analysis based on inverter phase, connectivity, load capacity, end-user segment, and geographic region
  • Assessment of major driving factors, opportunities and challenges in this innovation driven market, with emphasis on COVID-19 impact on the microinverters market
  • Discussion of the industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on manufacturers, suppliers, and major types of end-users of these products
  • Review of patents applied and published on microinverters by each major category, and detailed description of recent key granted patents
  • Insight into the recent industry structure, increasing investment on R&D activities, key growth strategies, and strategic analysis of key players in the global microinverter market
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Descriptive company profiles of the leading global players, including AEconversion GmbH & Co. Kg., Crystal Solar Energy, Enphase Energy Inc., Siemens AG and Solar Panels Plus LLC

Table of Contents

Chapter 1 Introduction
1.1 Study Goals and Objectives
1.2 Scope of Report
1.3 Reasons for Doing the Study
1.4 Intended Audiences
1.5 Information Sources
1.6 Methodology
1.7 Geographic Breakdown
1.8 Analyst's Credentials
1.9 Custom Research
1.10 Related Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Microinverters: Market Overview
3.1 Advantages of Microinverters
3.2 Disadvantages of Microinverters
3.3 Life-Cycle Assessment of Microinverters
3.3.1 Life-Cycle Assessment
3.4 History of Microinverters
3.5 Value Chain Analysis
3.6 Market Dynamics
3.6.1 Market Drivers
3.6.2 Market Restraints
3.6.3 Market Opportunities
3.7 Market Regulations/Standards/Schemes
3.8 Porter's Five Forces Analysis of the Market for Microinverters
3.8.1 Bargaining Power of Buyers
3.8.2 Bargaining Power of Suppliers
3.8.3 Threat of New Entrants
3.8.4 Threat of Substitutes
3.8.5 Degree of Competition
3.9 Patent Analysis
3.9.1 Recent Key Granted Patents
3.10 Impact of Covid-19 on the Solar Photovoltaic (Pv) Market
3.10.1 Impact of Covid-19 on the Market for Microinverters
Chapter 4 Market Breakdown by Phase
4.1 Introduction
4.2 Single Phase
4.3 Three Phase
Chapter 5 Market Breakdown by Connectivity
5.1 Introduction
5.2 Standalone
5.3 On-Grid
Chapter 6 Market Breakdown by Capacity
6.1 =250 W Capacity
6.2 250 W-600 W Capacity
6.3 >600 W Capacity
Chapter 7 Market Breakdown by End-user
7.1 Introduction
7.2 Residential
7.3 Commercial and Industrial
Chapter 8 Market Breakdown by Region
8.1 Total Global Value by Region
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 United Kingdom
8.3.2 Germany
8.3.3 Spain
8.3.4 Netherlands
8.3.5 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Rest of Asia-Pacific
8.5 South America
8.6 Rest of the World
Chapter 9 Competitive Landscape
9.1 Top Companies
9.2 Strategic Analysis
9.2.1 Product Launches and Developments
9.2.2 Acquisitions, Expansions, Mergers, and Investments
9.2.3 Collaborations and Partnerships
9.2.4 Key Product Launches and Developments
9.2.5 Key Collaborations and Partnerships
9.2.6 Key Acquisitions and Expansions
Chapter 10 Company Profiles
  • Aeconversion GmbH & Co. Kg.
  • Altenergy Power System Inc.
  • Crystal Solar Energy
  • Darfon Electronics Corp.
  • Delta Electronics Inc.
  • Dongguan Kaideng Energy Technology Co. Ltd.
  • Enphase Energy Inc.
  • Generac Power Systems Inc.
  • Ningbo Deye Inverter Technology Co. Ltd.
  • Ningbo Austa Solar Tech Co. Ltd.
  • Northern Electric Power Technology Inc.
  • Renesola Ltd.
  • Sensata Technologies Inc.
  • Siemens AG
  • Sma Solar Technology AG
  • Solaredge Technologies Ltd.
  • Solar Panels Plus LLC
  • Sunsights Solar
  • U R Energy
  • Zhejiang Envertech Corp. Ltd.
Chapter 11 Appendix: List of Acronyms
List of Tables
Summary Table: Global Market for Microinverters, by Region, Through 2027
Table 1: Technical Advantage of Microinverters Over Conventional Solar Inverters
Table 2: Regulations/Standards/Schemes in the Solar Energy Sector
Table 3: Porter's Five Forces Analysis: Overview
Table 4: Global Microinverter Patents Share, by Assignee Company, 2021
Table 5: Global Market for Microinverters, by Phase Type, Through 2027
Table 6: Global Market for Single-phase Microinverters, by Region, Through 2027
Table 7: Global Market for Single-phase Microinverters, by End User, Through 2027
Table 8: Global Market for Three-phase Microinverters, by Region, Through 2027
Table 9: Global Market for Three-phase Microinverters, by End User, Through 2027
Table 10: Global Market for Microinverters, by Connectivity, Through 2027
Table 11: Global Market for Standalone Microinverters, by Region, Through 2027
Table 12: Global Market for Standalone Microinverters, by End User, Through 2027
Table 13: Global Market for On-Grid Microinverters, by Region, Through 2027
Table 14: Global Market for On-Grid Microinverters, by End User, Through 2027
Table 15: Global Market for Microinverters, by Capacity, Through 2027
Table 16: Global Market Volume for Microinverters, by Capacity, Through 2027
Table 17: Global Market for =250 W Capacity Microinverters, by Region, Through 2027
Table 18: Global Market for =250 W Capacity Microinverters, by End User, Through 2027
Table 19: Global Market for 250-600 W Capacity Microinverters, by Region, Through 2027
Table 20: Global Market for 250-600 W Capacity Microinverters, by End User, Through 2027
Table 21: Global Market for >600 W Capacity Microinverters, by Region, Through 2027
Table 22: Global Market for >600 W Capacity Microinverters, by End User, Through 2027
Table 23: Global Market for Microinverters, by End User, Through 2027
Table 24: Global Market for Microinverters in Residential Applications, by Region, Through 2027
Table 25: Global Market for Microinverters in Commercial and industrial Applications, by Region, Through 2027
Table 26: Global Market for Microinverters, by Region, Through 2027
Table 27: North American Market for Microinverters, by Phase, Through 2027
Table 28: North American Market for Microinverters, by Connectivity, Through 2027
Table 29: North American Market for Microinverters, by Capacity, Through 2027
Table 30: North American Market for Microinverters, by End User, Through 2027
Table 31: North American Market for Microinverters, by Country, Through 2027
Table 32: U.S. Market for Microinverters, by Phase, Through 2027
Table 33: U.S. Market for Microinverters, by Connectivity, Through 2027
Table 34: U.S. Market for Microinverters, by Capacity, Through 2027
Table 35: U.S. Market for Microinverters, by End User, Through 2027
Table 36: Canadian Market for Microinverters, by Phase, Through 2027
Table 37: Canadian Market for Microinverters, by Connectivity, Through 2027
Table 38: Canadian Market for Microinverters, by Capacity, Through 2027
Table 39: Canadian Market for Microinverters, by End User, Through 2027
Table 40: Mexican Market for Microinverters, by Phase, Through 2027
Table 41: Mexican Market for Microinverters, by Connectivity, Through 2027
Table 42: Mexican Market for Microinverters, by Capacity, Through 2027
Table 43: Mexican Market for Microinverters, by End User, Through 2027
Table 44: European Market for Microinverters, by Phase, Through 2027
Table 45: European Market for Microinverters, by Connectivity, Through 2027
Table 46: European Market for Microinverters, by Capacity, Through 2027
Table 47: European Market for Microinverters, by End User, Through 2027
Table 48: European Market for Microinverters, by Country, Through 2027
Table 49: U.K. Market for Microinverters, by Phase, Through 2027
Table 50: U.K. Market for Microinverters, by Connectivity, Through 2027
Table 51: U.K. Market for Microinverters, by Capacity, Through 2027
Table 52: U.K. Market for Microinverters, by End User, Through 2027
Table 53: German Market for Microinverters, by Phase, Through 2027
Table 54: German Market for Microinverters, by Connectivity, Through 2027
Table 55: German Market for Microinverters, by Capacity, Through 2027
Table 56: German Market for Microinverters, by End User, Through 2027
Table 57: Spanish Market for Microinverters, by Phase, Through 2027
Table 58: Spanish Market for Microinverters, by Connectivity, Through 2027
Table 59: Spanish Market for Microinverters, by Capacity, Through 2027
Table 60: Spanish Market for Microinverters, by End User, Through 2027
Table 61: Netherlands Market for Microinverters, by Phase, Through 2027
Table 62: Netherlands Market for Microinverters, by Connectivity, Through 2027
Table 63: Netherlands Market for Microinverters, by Capacity, Through 2027
Table 64: Netherlands Market for Microinverters, by End User, Through 2027
Table 65: Rest of European Market for Microinverters, by Phase, Through 2027
Table 66: Rest of European Market for Microinverters, by Connectivity, Through 2027
Table 67: Rest of European Market for Microinverters, by Capacity, Through 2027
Table 68: Rest of European Market for Microinverters, by End User, Through 2027
Table 69: Asia-Pacific Market for Microinverters, by Phase, Through 2027
Table 70: Asia-Pacific Market for Microinverters, by Connectivity, Through 2027
Table 71: Asia-Pacific Market for Microinverters, by Capacity, Through 2027
Table 72: Asia-Pacific Market for Microinverters, by End User, Through 2027
Table 73: Asia-Pacific Market for Microinverters, by Country, Through 2027
Table 74: Chinese Market for Microinverters, by Phase, Through 2027
Table 75: Chinese Market for Microinverters, by Connectivity, Through 2027
Table 76: Chinese Market for Microinverters, by Capacity, Through 2027
Table 77: Chinese Market for Microinverters, by End User, Through 2027
Table 78: Japanese Market for Microinverters, by Phase, Through 2027
Table 79: Japanese Market for Microinverters, by Connectivity, Through 2027
Table 80: Japanese Market for Microinverters, by Capacity, Through 2027
Table 81: Japanese Market for Microinverters, by End User, Through 2027
Table 82: Indian Market for Microinverters, by Phase, Through 2027
Table 83: Indian Market for Microinverters, by Connectivity, Through 2027
Table 84: Indian Market for Microinverters, by Capacity, Through 2027
Table 85: Indian Market for Microinverters, by End User, Through 2027
Table 86: South Korean Market for Microinverters, by Phase, Through 2027
Table 87: South Korean Market for Microinverters, by Connectivity, Through 2027
Table 88: South Korean Market for Microinverters, by Capacity, Through 2027
Table 89: South Korean Market for Microinverters, by End User, Through 2027
Table 90: Rest of Asia-Pacific Market for Microinverters, by Phase, Through 2027
Table 91: Rest of Asia-Pacific Market for Microinverters, by Connectivity, Through 2027
Table 92: Rest of Asia-Pacific Market for Microinverters, by Capacity, Through 2027
Table 93: Rest of Asia-Pacific Market for Microinverters, by End User, Through 2027
Table 94: South American Market for Microinverters, by Phase, Through 2027
Table 95: South American Market for Microinverters, by Connectivity, Through 2027
Table 96: South American Market for Microinverters, by Capacity, Through 2027
Table 97: South American Market for Microinverters, by End User, Through 2027
Table 98: South American Market for Microinverters, by Country, Through 2027
Table 99: Rest of the World Market for Microinverters, by Phase, Through 2027
Table 100: Rest of the World Market for Microinverters, by Connectivity, Through 2027
Table 101: Rest of the World Market for Microinverters, by Capacity, Through 2027
Table 102: Rest of the World Market for Microinverters, by End User, Through 2027
Table 103: Rest of the World Market for Microinverters, by Sub-Region, Through 2027
Table 104: Top 20 players in the Microinverter Market and Their Product Offerings, 2021
Table 105: Global Microinverters Market, Product Launches and Developments, 2018-2022*
Table 106: Global Microinverters Market, Collaborations and Partnerships, 2018-2022*
Table 107: Global Microinverters Market, Acquisitions and Expansions, 2018-2022*
Table 108: AEconversion GmbH & Co. KG.: Company Snapshot
Table 109: AEconversion GmbH & Co. KG.: Product Portfolio
Table 110: Altenergy Power System Inc.: Company Snapshot
Table 111: Altenergy Power System Inc.: Product Portfolio
Table 112: Altenergy Power System Inc.: Key Management
Table 113: Altenergy Power System Inc.: Recent Developments, 2021
Table 114: Altenergy Power System Inc.: Solar Energy Product Providing Partners
Table 115: Crystal Solar Energy: Product Portfolio
Table 116: Darfon Electronics Corp.: Company Snapshot
Table 117: Darfon Electronics Corp.: Product Portfolio
Table 118: Darfon Electronics Corp.: Net Revenue, 2019-2021
Table 119: Darfon Electronics Corp.: Key Management
Table 120: Delta Electronics Inc.: Company Snapshot
Table 121: Delta Electronics Inc.: Product Portfolio
Table 122: Delta Electronics Inc.: Net Revenue, 2019-2021
Table 123: Delta Solar Solutions LLC: Key Management
Table 124: Dongguan Kaideng Energy Technology Co., Ltd.: Product Portfolio
Table 125: Enphase Energy Inc.: Company Snapshot
Table 126: Enphase Energy Inc.: Product Portfolio
Table 127: Enphase Energy Inc.: Net Revenue, 2019-2021
Table 128: Enphase Energy Inc.: Recent Developments, 2018-2021
Table 129: Enphase Energy Inc.: Key Management
Table 130: Enphase Energy Inc.: Product Distributing Partners
Table 131: Generac Power Systems Inc.: Company Snapshot
Table 132: Generac Power Systems Inc.: Product Portfolio
Table 133: Generac Power Systems Inc.: Net Revenue, 2019-2021
Table 134: Generac Power Systems Inc.: Recent Developments, 2021
Table 135: Generac Power Systems Inc.: Key Management
Table 136: Ningbo Deye Inverter Technology Co., Ltd.: Product Portfolio
Table 137: NingBo Deye Inverter Technology Co., Ltd.: Raw Material Supplying Partners
Table 138: Ningbo Austa Solar Tech Co., Ltd.: Product Portfolio
Table 139: Northern Electric Power Technology Inc.: Company Snapshot
Table 140: Northern Electric Power Technology Inc.: Product Portfolio
Table 141: Northern Electric Power Technology Inc.: Recent Developments, 2019-2021
Table 142: Northern Electric Power Technology Inc.: Key Management
Table 143: Northern Electric Power Technology Inc.: Distributing Partners
Table 144: Renesola Ltd.: Company Snapshot
Table 145: Renesola Ltd.: Product Portfolio
Table 146: Renesola Ltd.: Net Revenue, 2019-2021
Table 147: Renesola Ltd.: Recent Developments, 2021-2022
Table 148: Renesola Ltd.: Key Management
Table 149: Sensata Technologies Inc.: Company Snapshot
Table 150: Sensata Technologies Inc.: Product Portfolio
Table 151: Sensata Technologies Inc.: Net Revenue, 2019-2021
Table 152: Sensata Technologies Inc.: Key Management
Table 153: Sensata Technologies Inc.: Sales Partners
Table 154: Siemens AG: Company Snapshot
Table 155: Siemens AG: Product Portfolio
Table 156: Siemens AG: Net Revenue, 2019-2021
Table 157: Siemens AG: Key Management
Table 158: SMA Solar Technology AG: Company Snapshot
Table 159: SMA Solar Technology AG: Product Portfolio
Table 160: SMA Solar Technology AG: Net Revenue, 2019-2021
Table 161: SMA Solar Technology AG: Recent Developments, 2022
Table 162: SMA Solar Technology AG: Key Management
Table 163: SMA Solar Technology AG: Sales Partners
Table 164: SolarEdge Technologies Ltd.: Company Snapshot
Table 165: SolarEdge Technologies Ltd.: Product Portfolio
Table 166: SolarEdge Technologies Ltd.: Net Revenue, 2019-2021
Table 167: SolarEdge Technologies Ltd.: Recent Developments, 2022
Table 168: SolarEdge Technologies Ltd.: Key Management
Table 169: Solar Panels Plus LLC: Product Portfolio
Table 170: SunSights Solar: Product Portfolio
Table 171: U R Energy: Company Snapshot
Table 172: U R Energy: Product Portfolio
Table 173: Zhejiang Envertech Corp., Ltd.: Company Snapshot
Table 174: Zhejiang Envertech Corp., Ltd.: Product Portfolio
Table 175: Zhejiang Envertech Corp., Ltd.: Sales Partners
Table 176: Acronyms Used in the Global Market for Microinverters

List of Figures
Summary Figure: Global Market Shares of Microinverters, by Region, 2021
Figure 1: Microinverter Market: Value Chain Analysis
Figure 2: Market for Microinverters: Porter's Five Forces Analysis
Figure 3: Power of Buyers: Global Microinverters Market
Figure 4: Power of Suppliers: Global Microinverters Market
Figure 5: Threat of New Entrants: Global Microinverters Market
Figure 6: Threat of Substitutes: Global Microinverters Market
Figure 7: Degree of Competition: Global Microinverters Market
Figure 8: Microinverter Patents, by Year, 2017-2022*
Figure 9: Global Microinverter Patents Share, by Assignee Country, 2021
Figure 10: Global Market Shares of Microinverters, by Phase Type, 2021
Figure 11: Global Market Shares of Microinverters, by Phase Type, 2027
Figure 12: Global Market for Single-phase Microinverters, 2021-2027
Figure 13: Global Market Shares of Single-phase Microinverters, by Region, 2021
Figure 14: Global Market Shares of Single-phase Microinverters, by Region, 2027
Figure 15: Global Market Shares of Single-phase Microinverters, by End User, 2021
Figure 16: Global Market Shares of Single-phase Microinverters, by End User, 2027
Figure 17: Global Market for Three Phase Microinverters, 2021-2027
Figure 18: Global Market Shares of Three-phase Microinverters, by Region, 2021
Figure 19: Global Market Shares of Three-phase Microinverters, by Region, 2027
Figure 20: Global Market Shares of Three-phase Microinverters, by End User, 2021
Figure 21: Global Market Shares of Three-phase Microinverters, by End User, 2027
Figure 22: Global Market Shares of Microinverters, by Connectivity, 2021
Figure 23: Global Market Shares of Microinverters, by Connectivity, 2027
Figure 24: Global Market for Standalone Microinverters, 2021-2027
Figure 25: Global Market Shares of Standalone Microinverters, by Region, 2021
Figure 26: Global Market Shares of Standalone Microinverters, by Region, 2027
Figure 27: Global Market Shares of Standalone Microinverters, by End User, 2021
Figure 28: Global Market Shares of Standalone Microinverters, by End User, 2027
Figure 29: Global Market for On-grid Microinverters, 2021-2027
Figure 30: Global Market Shares of On-Grid Microinverters, by Region, 2021
Figure 31: Global Market Shares of On-Grid Microinverters, by Region, 2027
Figure 32: Global Market Shares of On-Grid Microinverters, by End User, 2021
Figure 33: Global Market Shares of On-Grid Microinverters, by End User, 2027
Figure 34: Global Market Shares of Microinverters, by Capacity, 2021
Figure 35: Global Market Shares of Microinverters, by Capacity, 2027
Figure 36: Global Market Volume Shares of Microinverters, by Capacity, 2021
Figure 37: Global Market Volume Shares of Microinverters, by Capacity, 2027
Figure 38: Global Market for =250 W Capacity Microinverters, 2021-2027
Figure 39: Global Market Shares of =250 W Capacity Microinverters, by Region, 2021
Figure 40: Global Market Shares of =250 W Capacity Microinverters, by Region, 2027
Figure 41: Global Market Shares of =250 W Capacity Microinverters, by End User, 2021
Figure 42: Global Market Shares of =250 W Capacity Microinverters, by End User, 2027
Figure 43: Global Market for 250-600 W Capacity Microinverters, 2021-2027
Figure 44: Global Market Shares of 250-600 W Capacity Microinverters, by Region, 2021
Figure 45: Global Market Shares of 250-600 W Capacity Microinverters, by Region, 2027
Figure 46: Global Market Shares of 250-600 W Capacity Microinverters, by End User, 2021
Figure 47: Global Market Shares of 250-600 W Capacity Microinverters, by End User, 2027
Figure 48: Global Market for >600 W Capacity Microinverters, 2021-2027
Figure 49: Global Market Shares of >600 W Capacity Microinverters, by Region, 2021
Figure 50: Global Market Shares of >600 W Capacity Microinverters, by Region, 2027
Figure 51: Global Market Shares of >600 W Capacity Microinverters, by End User, 2021
Figure 52: Global Market Shares of >600 W Capacity Microinverters, by End User, 2027
Figure 53: Global Market Shares of Microinverters, by End User, 2021
Figure 54: Global Market Shares of Microinverters, by End User, 2027
Figure 55: Global Market for Microinverters in Residential Applications, 2021-2027
Figure 56: Global Market Shares of Microinverters in Residential Applications, by Region, 2021
Figure 57: Global Market Shares of Microinverters in Residential Applications, by Region, 2027
Figure 58: Global Market for Microinverters in Commercial and industrial Applications, 2021-2027
Figure 59: Global Market Shares of Microinverters in Commercial and industrial Applications, by Region, 2021
Figure 60: Global Market Shares of Microinverters in Commercial and industrial Applications, by Region, 2027
Figure 61: Global Market Shares of Solar Installations, by Region, 2021
Figure 62: Cumulative Solar Installations, by Country, 2021
Figure 63: Annual Solar Installations, by Country, 2021
Figure 64: Highest Solar Installation Penetration, by Country, 2021
Figure 65: Global Market for Microinverters, by Region
Figure 66: Global Market Shares of Microinverters, by Region, 2021
Figure 67: Global Market Shares of Microinverters, by Region, 2027
Figure 68: U.S. Cumulative Residential Solar Installation, 2015-2021
Figure 69: U.S. Cumulative Commercial and Industrial Solar Installation, 2015-2021
Figure 70: U.S. Solar Power Systems Pricing Trend for MWh, 2010-2021
Figure 71: Solar’s Shares of Annual Electricity Capacity Additions in the U.S., 2015-2021
Figure 72: U.S. Market for Microinverters, 2021-2027
Figure 73: Canadian Market for Microinverters, 2021-2027
Figure 74: Mexican Distributed Solar Installation, 2017-2021
Figure 75: Mexican Market for Microinverters, 2021-2027
Figure 76: U.K. Market for Microinverters, 2021-2027
Figure 77: German Market for Microinverters, 2021-2027
Figure 78: Spanish Market for Microinverters, 2021-2027
Figure 79: Netherlands New Solar Installations, 2018-2020
Figure 80: Netherlands New Solar Installations, by End User, 2020
Figure 81: Netherlands Market for Microinverters, 2021-2027
Figure 82: Rest of European Market for Microinverters, 2021-2027
Figure 83: Chinese Market Volume Shares of New Solar Installations, by Type, 2021
Figure 84: China’s Annual Solar Capacity Additions, 2015-2021
Figure 85: China’s Cumulative Solar Capacity, 2015-2021
Figure 86: Chinese Market for Microinverters, 2021-2027
Figure 87: Japanese Market for Microinverters, 2021-2027
Figure 88: India’s Solar Capacity Additions, by Type, 2021
Figure 89: Indian Market for Microinverters, 2021-2027
Figure 90: South Korean Annual Solar Capacity Additions, 2018-2021
Figure 91: South Korean Market for Microinverters, 2021-2027
Figure 92: Rest of Asia-Pacific Market for Microinverters, 2021-2027
Figure 93: Shares of the Most Followed Strategies in the Global Market for Microinverters, by Top Players, 2018-2022*
Figure 94: Darfon Electronics Corp.: Sales Share, by Business Segment, 2021
Figure 95: Darfon Electronics Corp.: Sales Share, by Geography, 2021
Figure 96: Delta Electronics Inc.: Sales Share, by Business Segment, 2021
Figure 97: Delta Electronics Inc.: Sales Share, by Geography, 2021
Figure 98: Enphase Energy Inc.: Sales Share, by Geography, 2021
Figure 99: Generac Power Systems Inc.: Sales Share, by Business Segment, 2021
Figure 100: Generac Power Systems Inc.: Sales Share, by Geography, 2021
Figure 101: Renesola Ltd.: Sales Share, by Business Segment, 2021
Figure 102: Renesola Ltd.: Sales Share, by Geography, 2021
Figure 103: Sensata Technologies Inc.: Sales Share, by Business Segment, 2021
Figure 104: Sensata Technologies Inc.: Sales Share, by Geography, 2021
Figure 105: Siemens AG: Sales Share, by Business Segment, 2021
Figure 106: Siemens AG: Sales Share, by Geography, 2021
Figure 107: SMA Solar Technology AG: Sales Share, by Business Segment, 2021
Figure 108: SMA Solar Technology AG: Sales Share, by Geography, 2021
Figure 109: SolarEdge Technologies Ltd.: Sales Share, by Business Segment, 2021
Figure 110: SolarEdge Technologies Ltd.: Sales Share, by Geography, 2021

Executive Summary

The publisher examined the way in which the microinverters market is changing and how it has evolved. This analysis includes a detailed survey of new organizations in the market as well as existing organizations. At the industry level, the publisher identifies, examines, describes, and provides global and regional market sizes for 2021 and forecasts demand from 2022 through 2027.

Microinverters have advantages compared to conventional inverters. Some of the advantages include better efficiency, individual monitoring, safe usage, cost-effectiveness, longer service life, rapid shutdown capability, greater electricity generation, and being suitable for varied conditions. These advantages are expected to fuel market demand for microinverters in the forecast period.

Solar energy is a clean source of electricity; solar power generation is growing tremendously in countries such as China, Germany, Spain, and the U.S., thus, the microinverters market is expected to see high demand in those countries during the forecast period. Further, governments of both developed and developing countries are determined to increase their alternative energy sources and this is expected to drive the market demand for microinverters in the forecast period.

In this report, the global market for microinverters is segmented based on phase type, connectivity, capacity, end user, and geography. Based on phase type, the microinverter market is categorized into single phase and three phase.

Based on connectivity, the microinverter market is segmented into standalone and on-grid. Based on capacity, the microinverter market is segmented into =250 W, 250-600 W, and >600 W. Based on end users, the microinverter market is segmented into residential, and commercial and industrial.

By region, the microinverter market is segmented into North America, Europe, Asia-Pacific, South America, and RoW. The North America region currently is the largest market by region for microinverters. The presence of leading global companies, robust technology infrastructure, favorable political and economic environment, and surge in demand for solar energy are some of the key factors driving the North American market. Asia-Pacific is currently the fastest growing market for microinverters globally.

Companies Mentioned

  • Aeconversion GmbH & Co. Kg.
  • Altenergy Power System Inc.
  • Crystal Solar Energy
  • Darfon Electronics Corp.
  • Delta Electronics Inc.
  • Dongguan Kaideng Energy Technology Co. Ltd.
  • Enphase Energy Inc.
  • Generac Power Systems Inc.
  • Ningbo Austa Solar Tech Co. Ltd.
  • Ningbo Deye Inverter Technology Co. Ltd.
  • Northern Electric Power Technology Inc.
  • Renesola Ltd.
  • Sensata Technologies Inc.
  • Siemens AG
  • Sma Solar Technology AG
  • Solar Panels Plus LLC
  • Solaredge Technologies Ltd.
  • Sunsights Solar
  • U R Energy
  • Zhejiang Envertech Corp. Ltd.

Table Information

Report AttributeDetails
No. of Pages208
PublishedSeptember 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 3.7 Billion
Forecasted Market Value ( USD ) by 2027 $ 8.1 Billion
Compound Annual Growth Rate17.3%
Regions CoveredGlobal
No. of Companies Mentioned20

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