MicroInverter Market
MicroInverter Market - Global Industry Assessment & Forecast
#
Pages:
256
2022
Oct - 2024
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
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
Research Methodology: MicroInverter Market by Offering by Communication Technology by Type by Power Rating by Connection Type by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements
Data Triangulation and Market Size Estimations
At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the MicroInverter market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.
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.
