Solar Microinverters

Global Solar Microinverters Market to Reach US$1.3 Billion by 2030

The global market for Solar Microinverters estimated at US$455.5 Million in the year 2024, is expected to reach US$1.3 Billion by 2030, growing at a CAGR of 18.9% over the analysis period 2024-2030. Hardware, one of the segments analyzed in the report, is expected to record a 20.2% CAGR and reach US$961.9 Million by the end of the analysis period. Growth in the Software segment is estimated at 15.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$124.1 Million While China is Forecast to Grow at 25.0% CAGR

The Solar Microinverters market in the U.S. is estimated at US$124.1 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$291.5 Million by the year 2030 trailing a CAGR of 25.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 13.9% and 17.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.

Global "Solar Microinverters" Market – Key Trends & Drivers Summarized

Are Microinverters Revolutionizing The Performance Of Solar Power Systems?

Solar microinverters, compact devices installed at the individual panel level, are reshaping the architecture of photovoltaic (PV) systems by enabling panel-level optimization and independent energy conversion. Unlike traditional string inverters, which can suffer reduced output if one panel underperforms, microinverters ensure maximum energy harvest by decoupling each module’s output. This increases overall system efficiency, simplifies design, and enhances monitoring capabilities. Microinverters also improve safety by converting DC to AC at the panel level, reducing the risk of high-voltage DC wiring. Industry leaders such as Enphase Energy, APsystems, and Darfon Electronics are driving rapid innovation in microinverter technology, integrating wireless communication and AI-based monitoring for smarter energy management. Microinverters are particularly well-suited for residential rooftops, shaded or complex installations, and modular PV arrays. As decentralized solar power gains traction, microinverters are becoming the backbone of smarter, safer, and more efficient solar systems.

How Are Efficiency, Monitoring, And Safety Features Transforming Product Value?

Technological advancements in microinverters have significantly improved conversion efficiency—now surpassing 96% in many models. Built-in monitoring platforms allow real-time diagnostics at the panel level, enabling users and installers to identify faults, track performance, and optimize maintenance. New-generation microinverters are compatible with high-wattage and bifacial modules, accommodating the next wave of solar panel innovation. Additionally, smart grid support features like reactive power control, phase balancing, and anti-islanding ensure regulatory compliance and grid stability. Integration with home energy management systems, batteries, and EV chargers is becoming common, positioning microinverters as key components in holistic energy ecosystems. In commercial applications, modular scalability and redundancy make them ideal for high-reliability solar installations. As safety codes evolve, particularly regarding rapid shutdown requirements in North America, microinverters are becoming the preferred solution due to their inherent compliance and ease of deployment.

Is Residential Solar Driving The Surge In Microinverter Adoption?

The residential solar segment is a major growth driver for microinverters, as homeowners seek maximum energy yield, flexible design, and remote monitoring. Microinverters enable installations on rooftops with partial shading, varying angles, or complex layouts—scenarios where string inverters would suffer efficiency losses. The DIY solar movement is also gaining momentum, and microinverters are favored for their plug-and-play simplicity and built-in safety. Additionally, microinverter-powered systems reduce downtime and maintenance costs by isolating performance issues to individual panels. In emerging markets, off-grid and microgrid deployments use microinverters to create modular, reliable power systems that can grow over time. Government incentives, net metering programs, and falling hardware costs are also spurring adoption. As solar becomes mainstream in residential energy portfolios, microinverters are delivering both technical performance and user-friendly interfaces that appeal to prosumers and first-time buyers alike.

The Growth In The Solar Microinverters Market Is Driven By Several Factors—What’s Catalyzing The Surge?

The growth in the solar microinverters market is driven by several factors, including increasing adoption of residential solar, regulatory changes emphasizing safety, and ongoing innovation in module-level power electronics. Enhanced system visibility and real-time fault detection capabilities appeal to installers and end-users seeking performance transparency. Shifting consumer preferences toward smart, future-proof systems are also boosting demand. The growing trend of integrating solar with energy storage and electric vehicles is expanding the role of microinverters in complete home energy ecosystems. Furthermore, declining per-watt costs and rising global solar capacity installations are increasing the value proposition of microinverters. Together, these drivers are creating a robust foundation for continued market expansion.

SCOPE OF STUDY:

The report analyzes the Solar Microinverters market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Hardware, Software); Type (Single Phase, Three Phase); Connectivity Type (Standalone, On-Grid); Application (Residential, Commercial, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 48 Featured) -

• AEconversion GmbH & Co. KG
• Altenergy Power System Inc. (APsystems)
• Chilicon Power LLC
• Darfon Electronics Corporation
• Deye Inverter Technology Co., Ltd.
• Enphase Energy, Inc.
• Envertech Corporation Ltd.
• Fimer Group
• Fronius International GmbH
• GoodWe Power Supply Technology Co., Ltd.
• Growatt New Energy Technology Co., Ltd.
• HiQ Solar, Inc.
• Hoymiles Power Electronics Inc.
• Omnik New Energy Co., Ltd.
• Sensata Technologies, Inc.
• Siemens AG
• SMA Solar Technology AG
• SolarEdge Technologies Inc.
• Sparq Systems Inc.
• Yotta Energy

AI INTEGRATIONS
We`re transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.