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Micro Inverter Market Growth, Size, Trends Analysis - By Phase, By Application, By Connectivity - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published Mar 27, 2025
Length 272 Pages
SKU # SPER20042883

Description

Micro Inverter Market Introduction and Overview

According to SPER market research, ‘Global Micro Inverter Market Size- By Phase, By Application, By Connectivity – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Micro Inverter Market is predicted to reach 43.16 billion by 2034 with a CAGR of 24.38%.

Micro inverter is a tiny, sophisticated power conversion component used in solar photovoltaic (PV) systems. It transforms a single solar panel’s direct current (DC) electricity into alternating current (AC), which is compatible with both the utility grid and domestic appliances. Micro inverters are mounted on individual solar panels as opposed to conventional string inverters, which control several panels simultaneously.

Restraints:Growth in the micro inverter market is impacted by a number of hurdles. One significant obstacle is that, in comparison to standard string inverters, they are more expensive initially, which deters cost-conscious buyers from adopting them on a broad scale. Complex installation procedures and more upkeep because of several inverters might further increase the total cost of the system. Another difficulty is the competition from newer inverter technologies that provide comparable advantages at less prices, including power optimizers.

Scope of the Report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034

Segments covered

By Phase, By Application, By Connectivity.

Regions covered

North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.

Companies Covered

AEconversion GmbH & Co., Altenergy Power System, Inc., Chilicon Power LLC, Chisageess, Darfon Electronics Corp., Dongguan Kaideng Energy Technology Co., Ltd., Dongguan Maywah Co., Ltd., Enphase Energy, Fimer Group, Growatt New Energy.

Micro Inverter Market Segmentation:

By Phase:

Based on the Phase, Global Micro Inverter Market is segmented as; Single phase, three phase.

By Application:

Based on the Application, Global Micro Inverter Market is segmented as; Residential, Commercial.

By Connectivity:

Based on the Connectivity, Global Micro Inverter Market is segmented as; Stand Alone, On Grid.

By Region:

This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Table of Contents

272 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Micro Inverter Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Micro Inverter Market
7. Global Micro Inverter Market, By Phase 2021-2034 (USD Million)
7.1. Single phase
7.2. Three phase
8. Global Micro Inverter Market, By Application 2021-2034 (USD Million)
8.1. Residential
8.2. Commercial
9. Global Micro Inverter Market, By Connectivity 2021-2034 (USD Million)
9.1. Stand Alone
9.2. On Grid
10. Global Micro Inverter Market, 2021-2034 (USD Million)
10.1. Global Micro Inverter Market Size and Market Share
11. Global Micro Inverter Market, By Region, 2021-2034 (USD Million)
11.1. Asia-Pacific
11.1.1. Australia
11.1.2. China
11.1.3. India
11.1.4. Japan
11.1.5. South Korea
11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France
11.2.2. Germany
11.2.3. Italy
11.2.4. Spain
11.2.5. United Kingdom
11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia
11.3.2. United Arab Emirates
11.3.3. Qatar
11.3.4. South Africa
11.3.5. Egypt
11.3.6. Morocco
11.3.7. Nigeria
11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada
11.4.2. Mexico
11.4.3. United States
11.5. Latin America
11.5.1. Argentina
11.5.2. Brazil
11.5.3. Rest of Latin America
12. Company Profile
12.1. AEconversion GmbH & Co.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Altenergy Power System, Inc.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Chilicon Power LLC
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Chisageess
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Darfon Electronics Corp.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Dongguan Kaideng Energy Technology Co., Ltd.
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Dongguan Maywah Co., Ltd.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Enphase Energy
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Fimer Group
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Growatt New Energy
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links

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