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Global Solar Micro Inverters 2016-2020

About the Solar Microinverter Market

Solar microinverters are small devices installed on solar panels that convert the DC output of a photovoltaic (PV) panel into AC. These inverters use maximum power point tracking (MPPT) to get maximum power from the PV array. The function of a microinverter is similar to a central or string inverter. In a string inverter, the PV modules are connected in strings and then wired to a central inverter. A microinverter, however, does not generate power unless connected to the grid. It converts AC to DC at each PV module, allowing the output of PV module to be unaffected by other modules. Therefore, partial shading, debris, and snow lines on any one module do not disproportionately affect the output. Solar microinverters enable maximum power, design flexibility, and enhanced safety, addressing the shortcomings of traditional inverters.

Technavio’s analysts forecast the Global Solar Microinverter Market to grow at a CAGR of 25.7% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Global Solar Microinverter Market for 2016-2020.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Solar Microinverter Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Enphase Energy
  • SMA Solar Technology
  • SolarEdge Technologies
  • SunPower Corp.
Other prominent vendors
  • APS
  • Chilicon Power
  • Cybo Energy
  • iEnergy
  • Involar
  • LeadSolar
  • ReneSola
  • Sparq Systems
Market driver
  • Easy installation and customization
  • For a full, detailed list, view our report
Market challenge
  • Less product differentiation
  • For a full, detailed list, view our report
Market trend
  • Shift to renewable energy and increasing environmental concerns
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Solar Microinverter Market 2016-2020"

Technavio recognizes the following companies as the key players in the Global Solar Microinverter Market: ABB, Enphase Energy, SMA, SolarEdge, SunPower, APS, and Cybo Energy. "

Other Prominent Vendors in the market are: APS, Chilicon Power, iEnergy, Involar, LeadSolar, ReneSola, and Sparq Systems."

Commenting on the report, an analyst from Technavio’s team said: “An emerging trend in the microinverter market is the rise in environmental concerns and shift to renewable energy. Fossil fuels are the most extensively used power source worldwide. However, combustion of fossil fuels releases large quantities of GHGs, causing global warming and extreme weather conditions. As a result, countries such as India, Germany, China, and the US are investing in clean technology. This is an area where PV technology has an edge because it produces clean and renewable solar electricity. For instance, electricity production accounts for over one-third of the US global warming emissions, out of which nearly 25% is generated by coal-fired plants. The global warming emissions associated with the entire life cycle of renewable energy (that includes manufacturing, installation, operation, maintenance, dismantling, and decommissioning) is minimal.”"

According to the report, a key driver of market growth is the easy installation and customization of microinverters. Solar microinverters are easy to install and have simpler operations compared to string inverters and central inverters. These solar microinverters work independently as they follow MTTP. This reduces complications and the need for technical expertise. Therefore, the cost of labor for system design is low. This in turn, reduces the overhead cost. Apart from this, solar microinverters can be customized depending on the site and requirements, giving better flexibility compared to conventional inverters. "

Further, the report states that one challenge that could hamper market growth is the fact that there is less product differentiation between offerings by vendors."

Companies Mentioned

ABB, Enphase Energy, SMA, SolarEdge, SunPower, APS, Cybo Energy, APS, Chilicon Power, iEnergy, Involar, LeadSolar, ReneSola, Sparq Systems.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of global solar microinverter market
      • Table Global solar microinverter market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global solar microinverter market by application 2015-2020
      • Table Global solar microinverter market by application 2015-2020
    • Global solar microinverter market by application 2015-2020
      • Table Segmentation of global solar microinverter market by application 2015-2020
    • Global solar microinverter market by residential segment
      • Table Global solar microinverter market by residential segment 2015-2020 ($ millions)
    • Global solar microinverter market by commercial segment
      • Table Global solar microinverter market by commercial segment 2015-2020 ($ millions)
    • Global solar microinverter market by utility segment
      • Table Global solar microinverter market by utility 2015-2020 ($ millions)
  • Geographical segmentation
    • Global solar microinverter market by geography
      • Table Global solar microinverter market by geography for 2015-2020
      • Table Global solar microinverter market by geographical segmentation 2015-2020
    • Solar microinverter market in Americas
      • Table Solar microinverter market in Americas 2015-2020 ($ millions)
    • Solar microinverter market in EMEA
      • Table Solar microinverter market in EMEA 2015-2020 ($ millions)
    • Solar microinverter market in APAC
      • Table Solar microinverter market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Rise in awareness of solar power
    • Easy installation and customization
      • Table Comparison between the operations of microinverters and string inverters
    • Increased efficiency
      • Table Comparison of various inverters based on power and efficiency
      • Table Comparison of efficiency of solar microinverters and central or string inverters
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High initial installation cost
    • Less product differentiation
    • Intermittent nature of solar power
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Technological advances
    • Government support
    • Harnessing potential of untapped market
    • Rise in environmental concerns and shift to renewable energy
      • Table Energy source and their emissions
    • Rising safety concerns
    • Incorporation of data analytics in solar microinverter systems
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Product segmentation
      • Table ABB: Microinverter product portfolio
    • Enphase Energy
      • Table Enphase Energy: Microinverter product portfolio
    • SMA
      • Table SMA: Product segmentation
      • Table Business segmentation
      • Table SMA: Business segmentation by revenue 2014
      • Table SMA: Geographical segmentation by revenue 2014
      • Table SMA: Microinverter product portfolio
    • SolarEdge
      • Table SolarEdge: Microinverters product portfolio
    • SunPower
      • Table SunPower: Revenue comparison by significant category 2013 and 2014 ($ millions)
    • Other vendors in global solar microinverters market
      • APS
        • Table APS: Product protfolio
        • Table APS: Microinverter product portfolio
    • CyboEnergy
      • Table CyboEnergy: Product portfolio
      • Table Microinverter product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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