MicroInverter Market

MicroInverter Market - Global Industry Assessment & Forecast

Energy & Power

# Pages:

256

Base Year:

2022

Oct - 2024

Format:

Report Code:

VMR-VMR-2021-0829

Segments Covered

By Offering Hardware, Software & Services
By Communication Technology Wired, Wireless
By Type Single phase, Three phase
By Power Rating Below 250W, Between 250W and 500W, Above 500W
By Connection Type Stand-alone, Grid-tied
By Application Residential, Commercial, PV Power Plant
By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Standard License

$ 4299 USD

Multi User License

$ 6599 USD

Enterprise License

$ 6999 USD

Snapshot

Base Year:	2022
Forecast Years:	2023 - 2030
Historical Years:	2017 - 2021
Revenue 2022:	USD 3.4 Billion
Revenue 2030:	USD 14.83 Billion
Revenue CAGR (2023 - 2030):	20.2%
Fastest Growing Region (2023 - 2030)	North America
Largest Region (2022):	Asia Pacific

Customization Offered

Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst

MicroInverter Market Segment Analysis

MicroInverter Offering Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Software & Services
MicroInverter Communication Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Wired
- Wireless
MicroInverter Type Outlook (Revenue, USD Million, 2018 - 2030)
- Single phase
- Three phase
MicroInverter Power Rating Outlook (Revenue, USD Million, 2018 - 2030)
- Below 250W
- Between 250W and 500W
- Above 500W
MicroInverter Connection Type Outlook (Revenue, USD Million, 2018 - 2030)
- Stand-alone
- Grid-tied
MicroInverter Application Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- PV Power Plant
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
  - North America MicroInverter Market, by Offering
    - Hardware
    - Software & Services
  - North America MicroInverter Market, by Communication Technology
    - Wired
    - Wireless
  - North America MicroInverter Market, by Type
    - Single phase
    - Three phase
  - North America MicroInverter Market, by Power Rating
    - Below 250W
    - Between 250W and 500W
    - Above 500W
  - North America MicroInverter Market, by Connection Type
    - Stand-alone
    - Grid-tied
  - North America MicroInverter Market, by Application
    - Residential
    - Commercial
    - PV Power Plant
  - U.S.
    - U.S. MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - U.S. MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - U.S. MicroInverter Market, by Type
      - Single phase
      - Three phase
    - U.S. MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - U.S. MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - U.S. MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Canada
    - Canada MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Canada MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Canada MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Canada MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Canada MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Canada MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Mexico
    - Mexico MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Mexico MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Mexico MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Mexico MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Mexico MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Mexico MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
- Europe
  - Europe MicroInverter Market, by Offering
    - Hardware
    - Software & Services
  - Europe MicroInverter Market, by Communication Technology
    - Wired
    - Wireless
  - Europe MicroInverter Market, by Type
    - Single phase
    - Three phase
  - Europe MicroInverter Market, by Power Rating
    - Below 250W
    - Between 250W and 500W
    - Above 500W
  - Europe MicroInverter Market, by Connection Type
    - Stand-alone
    - Grid-tied
  - Europe MicroInverter Market, by Application
    - Residential
    - Commercial
    - PV Power Plant
  - U. K.
    - U.K. MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - U.K. MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - U.K. MicroInverter Market, by Type
      - Single phase
      - Three phase
    - U.K. MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - U.K. MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - U.K. MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - France
    - France MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - France MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - France MicroInverter Market, by Type
      - Single phase
      - Three phase
    - France MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - France MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - France MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Germany
    - Germany MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Germany MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Germany MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Germany MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Germany MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Germany MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Italy
    - Italy MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Italy MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Italy MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Italy MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Italy MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Italy MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Spain
    - Spain MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Spain MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Spain MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Spain MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Spain MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Spain MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Rest of Europe
    - Rest of Europe MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Rest of Europe MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Rest of Europe MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Rest of Europe MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Rest of Europe MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Rest of Europe MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
- Asia Pacific
  - Asia Pacific MicroInverter Market, by Offering
    - Hardware
    - Software & Services
  - Asia Pacific MicroInverter Market, by Communication Technology
    - Wired
    - Wireless
  - Asia Pacific MicroInverter Market, by Type
    - Single phase
    - Three phase
  - Asia Pacific MicroInverter Market, by Power Rating
    - Below 250W
    - Between 250W and 500W
    - Above 500W
  - Asia Pacific MicroInverter Market, by Connection Type
    - Stand-alone
    - Grid-tied
  - Asia Pacific MicroInverter Market, by Application
    - Residential
    - Commercial
    - PV Power Plant
  - China
    - China MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - China MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - China MicroInverter Market, by Type
      - Single phase
      - Three phase
    - China MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - China MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - China MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Japan
    - Japan MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Japan MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Japan MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Japan MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Japan MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Japan MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Germany
    - Germany MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Germany MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Germany MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Germany MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Germany MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Germany MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - India
    - India MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - India MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - India MicroInverter Market, by Type
      - Single phase
      - Three phase
    - India MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - India MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - India MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - South Korea
    - South Korea MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - South Korea MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - South Korea MicroInverter Market, by Type
      - Single phase
      - Three phase
    - South Korea MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - South Korea MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - South Korea MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - South East Asia
    - South East Asia MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - South East Asia MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - South East Asia MicroInverter Market, by Type
      - Single phase
      - Three phase
    - South East Asia MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - South East Asia MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - South East Asia MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Rest of Asia Pacific
    - Rest of Asia Pacific MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Rest of Asia Pacific MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Rest of Asia Pacific MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Rest of Asia Pacific MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Rest of Asia Pacific MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Rest of Asia Pacific MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
- Latin America
  - Latin America MicroInverter Market, by Offering
    - Hardware
    - Software & Services
  - Latin America MicroInverter Market, by Communication Technology
    - Wired
    - Wireless
  - Latin America MicroInverter Market, by Type
    - Single phase
    - Three phase
  - Latin America MicroInverter Market, by Power Rating
    - Below 250W
    - Between 250W and 500W
    - Above 500W
  - Latin America MicroInverter Market, by Connection Type
    - Stand-alone
    - Grid-tied
  - Latin America MicroInverter Market, by Application
    - Residential
    - Commercial
    - PV Power Plant
  - Brazil
    - Brazil MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Brazil MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Brazil MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Brazil MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Brazil MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Brazil MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Argentina
    - Argentina MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Argentina MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Argentina MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Argentina MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Argentina MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Argentina MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Rest of Latin America
    - Rest of Latin America MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Rest of Latin America MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Rest of Latin America MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Rest of Latin America MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Rest of Latin America MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Rest of Latin America MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
- Middle East & Africa
  - Middle East & Africa MicroInverter Market, by Offering
    - Hardware
    - Software & Services
  - Middle East & Africa MicroInverter Market, by Communication Technology
    - Wired
    - Wireless
  - Middle East & Africa MicroInverter Market, by Type
    - Single phase
    - Three phase
  - Middle East & Africa MicroInverter Market, by Power Rating
    - Below 250W
    - Between 250W and 500W
    - Above 500W
  - Middle East & Africa MicroInverter Market, by Connection Type
    - Stand-alone
    - Grid-tied
  - Middle East & Africa MicroInverter Market, by Application
    - Residential
    - Commercial
    - PV Power Plant
  - GCC Countries
    - GCC Countries MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - GCC Countries MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - GCC Countries MicroInverter Market, by Type
      - Single phase
      - Three phase
    - GCC Countries MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - GCC Countries MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - GCC Countries MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - South Africa
    - South Africa MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - South Africa MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - South Africa MicroInverter Market, by Type
      - Single phase
      - Three phase
    - South Africa MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - South Africa MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - South Africa MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant
  - Rest of Middle East & Africa
    - Rest of Middle East & Africa MicroInverter Market, by Offering
      - Hardware
      - Software & Services
    - Rest of Middle East & Africa MicroInverter Market, by Communication Technology
      - Wired
      - Wireless
    - Rest of Middle East & Africa MicroInverter Market, by Type
      - Single phase
      - Three phase
    - Rest of Middle East & Africa MicroInverter Market, by Power Rating
      - Below 250W
      - Between 250W and 500W
      - Above 500W
    - Rest of Middle East & Africa MicroInverter Market, by Connection Type
      - Stand-alone
      - Grid-tied
    - Rest of Middle East & Africa MicroInverter Market, by Application
      - Residential
      - Commercial
      - PV Power Plant

FAQ

Frequently Asked Question

What is the global demand for MicroInverter in terms of revenue?

The global MicroInverter valued at USD 3.4 Billion in 2022 and is expected to reach USD 14.83 Billion in 2030 growing at a CAGR of 20.2%.

Which are the prominent players in the market?

The prominent players in the market are Solar Edge, KACO, Siemens, Green Power, Fronius, Schneider, Power Electronics, Enphase Energy, Darfon Electronics , Altenergy Power System, ReneSola, AEconversion.

At what CAGR is the market projected to grow within the forecast period?

The market is project to grow at a CAGR of 20.2% between 2023 and 2030.

What are the driving factors fueling the growth of the market.

The driving factors of the MicroInverter include
- growing demand for solar energy solutions and the increasing adoption of distributed energy systems

Which region accounted for the largest share in the market?

Asia Pacific was the leading regional segment of the MicroInverter in 2022.

MicroInverter Market

MicroInverter Market - Global Industry Assessment & Forecast

Energy & Power

Segments Covered

Snapshot

Customization Offered

MicroInverter Market Segment Analysis

FAQ

Frequently Asked Question

What is the global demand for MicroInverter in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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MicroInverter Market

MicroInverter Market - Global Industry Assessment & Forecast

Energy & Power

Segments Covered

Snapshot

Customization Offered

MicroInverter Market Segment Analysis

FAQ

Frequently Asked Question

What is the global demand for MicroInverter in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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