Micro-Inverters

Micro-Inverters

Global Micro-Inverters Market to Reach $20.1 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Micro-Inverters estimated at US$3.8 Billion in the year 2022, is projected to reach a revised size of US$20.1 Billion by 2030, growing at aCAGR of 23% over the period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 21.6% CAGR and reach US$11.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software & Services segment is readjusted to a revised 25.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 22.6% CAGR
The Micro-Inverters market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 22.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20% and 19.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR.

Select Competitors (Total 36 Featured) -

• ABB
• Altenergy Power System
• Canadian Solar
• Chilicon Power
• Darfon Electronics
• Enphase Energy
• Infineon Technologies
• Intertech
• ReneSola
• Siemens
• SMA Solar Technology
• SolarEdge Technologies

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