Micro Inverter Market Report 2026

The micro inverter market size has grown rapidly in recent years. It will grow from $4.11 billion in 2025 to $4.9 billion in 2026 at a compound annual growth rate (CAGR) of 19.1%. The growth in the historic period can be attributed to early adoption of micro inverters in residential solar, deployment in small commercial PV systems, reliance on imported inverters, integration with traditional solar panels, growth in renewable energy installations.

The micro inverter market size is expected to see rapid growth in the next few years. It will grow to $9.63 billion in 2030 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to rapid adoption in large-scale PV plants, integration with smart home systems, deployment in off-grid solutions, development of high-efficiency inverters, expansion in commercial energy projects. Major trends in the forecast period include integration of IoT-enabled solar monitoring, development of AI-based energy optimization, adoption of smart grid connectivity, deployment of predictive maintenance solutions, implementation of energy storage integration.

The growth in residential solar rooftop installations is expected to drive the expansion of the micro inverter market. Microinverters are installed behind each solar panel to convert direct current into alternating current. Unlike conventional or string inverters, these microinverters operate independently and perform at their maximum potential. For example, in July 2023, a report from the International Energy Agency, a France-based intergovernmental organization, highlighted a significant increase in solar photovoltaic (PV) generation, which rose by 270 terawatt-hours (26%), reaching almost 1,300 terawatt-hours in 2022. Projections suggest that by 2027, the installed power capacity of solar PV will surpass that of coal, positioning it as the largest power capacity source globally. The cumulative capacity of solar PV is expected to nearly triple in the forecast period, with an increase of almost 1,500 gigawatts, exceeding natural gas by 2026 and coal by 2027. Therefore, the rise in residential solar rooftop installations and the growing interest in highly efficient power conversion technologies are anticipated to boost the microinverter market during the forecast period.

Key companies operating in the microinverter market are focusing on developing innovative solutions such as hybrid microinverters with integrated storage and EV-charging support to meet the growing demand for flexible, resilient, and high-efficiency residential and commercial solar energy systems. A hybrid microinverter is a module-level device that not only converts direct current (DC) from each solar panel into alternating current (AC) but also integrates energy storage and grid-island capabilities, enabling solar, battery, and EV-charging functions within a single system. This design offers panel-level optimization, enhanced monitoring, and improved energy self-consumption compared to traditional string inverters that process DC from multiple panels collectively. For example, in June 2024, Sungrow Power Supply Co., Ltd., a China-based PV inverter and energy storage systems provider, introduced the S450S, S800S, and S1600S microinverters at Intersolar Europe 2024. These microinverters feature plug-and-play installation, module-level monitoring, an ultra-wide MPPT voltage range (16-60 V), and high heat-dissipation aluminum alloy casings that support full power output up to 60°C. They also include WiFi connectivity for real-time performance tracking and carry IP65/IP67 protection ratings for outdoor durability, delivering simplified installation, improved thermal performance, and higher energy yield under diverse solar conditions.

In February 2024, SPARQ Systems Inc., a microinverter company based in Canada, formed a partnership with JioThings Ltd to supply PV microinverters to the Indian conglomerate. JioThings is an India-based firm that offers IoT (Internet of Things) solutions for businesses. As part of the agreement, the two companies will collaborate to develop, manufacture, and distribute microinverters in India, while also integrating Sparq's microinverters into JioThings' global solutions. The partnership aims to leverage their respective strengths to enable large-scale production of microinverters at a competitive cost.

Major companies operating in the micro inverter market are Enphase Energy Inc., APsystems Co. Ltd., Canadian Solar Inc., Chilicon Power LLC, Darfon Electronics Corp., FIMER S.p.A., Loom Solar Pvt. Ltd., P&P Energy Technology Co. Ltd., ReneSola Ltd., Sensata Technologies Holding plc, SPARQ Systems Inc., ABB Ltd., AEconversion GmbH, CyboEnergy Inc., Delta Electronics Inc., Eaton Corporation plc, Fronius International GmbH, GoodWe Power Supply Technology Co. Ltd., HiQ Solar, Huawei Technologies Co. Ltd., KACO new energy GmbH, Kostal Solar Electric GmbH, Magnum Energy Solutions LLC, Omnik New Energy Co. Ltd., Pika Energy Inc., Power-One LLC, Redback Technologies Pty Ltd., SMA Solar Technology AG, SolarBridge Technologies Inc., SolarEdge Technologies Inc., Yaskawa America Inc., Sungrow Power Supply Co. Ltd., Sunmagic Solar and Electronics Pvt. Ltd., SunPower Corporation, Tabuchi Electric Co. Ltd.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the micro inverter market by increasing the cost of imported inverters, electronic components, and power modules. Residential, commercial, and PV power plant segments in North America, Europe, and Asia-Pacific are most affected due to dependency on imported components. However, tariffs are encouraging domestic manufacturing, regional sourcing, and technological innovation, improving supply chain resilience and enhancing system efficiency and performance.

The micro inverter market research report is one of a series of new reports that provides micro inverter market statistics, including micro inverter industry global market size, regional shares, competitors with a micro inverter market share, detailed micro inverter market segments, market trends and opportunities, and any further data you may need to thrive in the micro inverter industry. This micro inverter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A micro inverter is a component in solar energy systems that connects to an individual solar panel, converting the direct current (DC) produced by the panel into alternating current (AC). This AC power can be utilized to operate household appliances or fed back into the electrical grid for energy credits. This technology improves overall system efficiency by optimizing the performance of each solar panel individually.

Micro inverters come in two main types, single-phase and three-phase micro inverters. A single-phase inverter is responsible for converting single-phase electricity generated by photovoltaic (PV) modules into single-phase power, which can be connected to either single-phase equipment or the electrical grid. Microinverters provide a combination of hardware, software, and services. They are categorized based on their power rating, which includes below 250W, between 250W and 500W, and above 500W. These micro inverters find applications in residential, commercial, and PV power plant settings.North America was the largest region in the micro inverter market in 2025. Asia-Pacific is expected to be the fastest-growing region in the micro inverter market share during forecast period. The regions covered in the micro inverter market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the micro inverter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The micro-inverter market consists of sales of direct current microinverters, direct conversion inverters, wall-insulated microinverters, full-phase microinverters, and shading microinverters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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