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Micro-Inverter Market Size, Share, and Analysis, By Technology (Wired and Wireless), By Type (Single Phase and Three Phases), By Power Rating (Below 250 W, Between 250 & 500 W, and Above 500 W), By Sales Channel (Direct and Indirect), By Region (North Ame

Publisher Fatpos Global
Published Nov 01, 2024
Length 639 Pages
SKU # FAGL19515272

Description

Micro-Inverter Market Size, Share, and Analysis, By Technology (Wired and Wireless), By Type (Single Phase and Three Phases), By Power Rating (Below 250 W, Between 250 & 500 W, and Above 500 W), By Sales Channel (Direct and Indirect), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034


Micro-Inverter Market Size, Share, and Analysis, By Technology (Wired and Wireless), By Type (Single Phase and Three Phases), By Power Rating (Below 250 W, Between 250 & 500 W, and Above 500 W), By Sales Channel (Direct and Indirect), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Micro-Inverter Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 2.6 billion and is projected to reach USD 16.2 billion by the completion of 2034.

Micro-inverter is a tiny tool used in solar energy systems to change the DC electricity produced by each solar panel into AC electricity that can be utilized in residences or commercial buildings. Every micro-inverter is mounted directly on a single solar panel, as opposed to traditional string inverters connected to multiple solar panels. This decentralized method enables high efficiency since shading or malfunctions in one panel do not impact the performance of the whole system. In addition, the micro-inverter provides better monitoring features, along with offering immediate data on how each solar panel is performing, thus allowing for speedy identification of problems. Furthermore, micro-inverters come with extended warranties and are seen as safer due to their low-voltage DC input. Therefore, micro-inverters are used to increase the effectiveness and reliability of solar energy systems.

MARKET HIGHLIGHTS

Micro-Inverter Market is projected to reach USD 16.2 billion over the forecast period, due to the increasing use of solar power systems in residential, commercial, and industrial applications. This growth is driven by several factors, such as greater awareness of renewable energy sources, declining costs for solar photovoltaic technology, and support by the government for clean energy initiatives. Additionally, micro-inverters provide benefits such as monitoring of each panel and higher system dependability in comparison to conventional string inverters. Besides, innovations in technology, such as the development of better power electronics and the integration of smart grids, are also boosting the growth of the market. Thus, due to the increasing focus on sustainability and energy self-sufficiency, it is expected that the market for micro-inverters will continue to grow in the near future.

Micro-Inverter Market Segments:
  • By Technology
  • Wired
  • Wireless
  • By Type
  • Single Phase
  • Three Phases
  • By Power Rating
  • Below 250 W
  • Between 250 & 500 W
  • Above 500 W
  • By Sales Channel
  • Direct
  • Indirect
MARKET DYNAMICS

Growth Drivers

High Adoption of Solar Energy is Driving Growth in the Micro-Inverter Market

Improvements in technology Act as a Catalyst for Market Growth

Restraint

High Initial Cost Barrier in the Micro-Inverter Market Will Impact the Growth

Key Players
  • Enphase Energy
  • SolarEdge Technologies
  • SMA Solar Technology AG
  • ABB
  • APsystems
  • Darfon Electronics Corp
  • Silicon Power
  • Solantro Semiconductor Corp
  • Renesola Power Holdings
  • Growatt New Energy Technology
  • Omnik New Energy
  • Fronius International GmbH
  • Ginlong Technologies
  • Delta Electronics, Inc.
  • GoodWe Power Supply Technology Co., Ltd.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*

Table of Contents

639 Pages
1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Micro-Inverter Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2. Micro-Inverter Market: COVID-19 Impact
3.3.Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4. Micro-Inverter Market – Industry Insights
4.1.Industry Segmentation
4.2.COVID-19 overview of world economy
4.3.Industry Ecosystem Channel Analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4.Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Micro-Inverter Market
10.1. Overview
10.2.Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Micro-Inverter Market Size & Forecast 2024A-2034F
11.1.Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1. By Technology
11.3.1.1.Wired
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2. Wireless
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.By Type
11.3.2.1. Single Phase
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2.Three Phases
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Power Rating
11.3.3.1. Below 250 W
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2.Between 250 & 500 W
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3.Above 500 W
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By Sales Channel
11.3.4.1. Direct
11.3.4.1.1.By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2.Indirect
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3.Y-o-Y Growth (%) 2024-2034F
12.North America Micro-Inverter Market Size & Forecast 2024A-2034F
12.1.Overview
12.2.Key Findings
12.3.Market Segmentation
12.3.1. By Technology
12.3.2.By Type
12.3.3.By Power Rating
12.3.4.By Sales Channel
12.4.Country
12.4.1. United States
12.4.2.Canada
13.Europe Micro-Inverter Market Size & Forecast 2024A-2034F
13.1.Overview
13.2.Key Findings
13.3.Market Segmentation
13.3.1. By Technology
13.3.2.By Type
13.3.3.By Power Rating
13.3.4.By Sales Channel
13.4.Country
13.4.1. Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4.Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Micro-Inverter Market Size & Forecast 2024A-2034F
14.1. Overview
14.2.Key Findings
14.3.Market Segmentation
14.3.1. By Technology
14.3.2.By Type
14.3.3.By Power Rating
14.3.4.By Sales Channel
14.4.Country
14.4.1. India
14.4.2.China
14.4.3.South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Micro-Inverter Market Size & Forecast 2024A-2034F
15.1. Overview
15.2.Key Findings
15.3.Market Segmentation
15.3.1. By Technology
15.3.2.By Type
15.3.3.By Power Rating
15.3.4.By Sales Channel
15.4.Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4.South Africa
15.4.5.Rest of Middle East and Africa
16.Latin America Micro-Inverter Market Size & Forecast 2024A-2034F
16.1.Overview
16.2.Key Findings
16.3.Market Segmentation
16.3.1. By Technology
16.3.2.By Type
16.3.3.By Power Rating
16.3.4.By Sales Channel
16.4.Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17.Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3.Key stakeholders
18.Company Profiles
18.1. Enphase Energy
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.1.4.5.Executive Team
18.2. SolarEdge Technologies
18.3. SMA Solar Technology AG
18.4. ABB
18.5. APsystems
18.6. Darfon Electronics Corp
18.7. Silicon Power
18.8. Solantro Semiconductor Corp
18.9. Renesola Power Holdings
18.10.Growatt New Energy Technology
18.11.Omnik New Energy
18.12.Fronius International GmbH
18.13.Ginlong Technologies
18.14.Delta Electronics, Inc.
18.15.GoodWe Power Supply Technology Co., Ltd.
18.16.Other Prominent Players
19.Appendix
20. Consultant Recommendation

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