Machinery

Global Solar Micro Inverter Market Opportunities and Forecast 2020-2027

  • DLR89
  • 30 July, 2022
  • Machinery & Equipment
  • Pages: 120
  • Global
Global Solar Micro Inverter Market, By Type (Single Phase, Three Phase) By Components (Hardware, Software) By Application (Residential, Commercial, Utility), and opportunities and forecast 2020-2027

Solar Micro Inverter Market Overview

The Solar Micro Inverter market is expected to rise due to rising demand for building-integrated photovoltaics over the forecast period. Furthermore, governments around the world promoting solar technology adoption are expected to drive market growth in the next years. Increased investments in renewable energy are also expected to boost market growth.
 
Solar micro-inverters have various advantages over the typical string inverter, contributing in the rapid expansion of the market throughout predicted period. Series-connected string solar panel system produces high DC voltage which can induce high temperature arcing and fire, this threat is decreased greatly by micro-inverters. Furthermore, high-voltage DC necessitates expensive protection switches and fuses, which has rendered AC obsolete (micro-inverter). Furthermore, the output of string connected solar panels is harmed when one solar panel is damaged or shaded.

Solar micro-inverters separate each solar panel's output, monitoring and keeping each panel's unique features for optimal performance. Furthermore, traditional inverters can only add a certain number of solar panels; however, solar panels with micro-inverters can easily be added. Over the forecast period, numerous advantages over traditional technologies are expected to drive market expansion

Report Metric Details
Market size available for years 2019–2027
Base year considered 2019
Forecast period 2020–2027
Forecast unit Value (USD Million)
Segments covered Type, Components, Application, and Region.
Regions covered North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered Enphase Energy, Inc., ABB, Huawei Technologies Co., Ltd., Sungrow Power Supply Co., Ltd., Solar Technology AG, Siemens Industry, Inc., General Electric, Schneider Electric, Sineng, and TMEIC among others.


Covid-19 Impact on Solar Micro Inverter Market

Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.

Solar Micro Inverter Market Segment Overview



Based on the application, the Residential segment is anticipated to experience the fastest CAGR over the forecast period. This can be attributed to the demographic's high per capita income in industrialised countries such as North America and Europe. Furthermore, governments' supporting legislative framework and financial incentives are projected to boost this segment's expansion in the approaching years. Furthermore, the shift toward a greener economy, as well as increased knowledge of the negative consequences of traditional energy sources, are anticipated to promote future citizens' acceptance of this category.

Solar Micro Inverter Market, By Type
·       Single Phase
·       Three Phase
 
Solar Micro Inverter Market, By Components
·       Hardware
·       Software

Solar Micro Inverter Market, By Application
·       Residential
·       Commercial
·       Utility

Solar Micro Inverter Regional Overview

In terms of geography, the global Solar Micro Inverter market is classified into North America, South America, Europe, Asia Pacific and Middle East & Africa. The Asia-Pacific region is predicted to grow rapidly, resulting in the highest CAGR throughout the forecast period. Because of the significant development in ground-mounted, building-integrated, and floating solar PV installations from 2015 to 2018, China is anticipated to lead the regional market. Furthermore, government support in the form of feed-in tariffs, tenders, and other financial incentives is expected to propel market expansion during the projection period. Over the projection period, Australia, Japan, and India are also expected to have high CAGRs.

Solar Micro Inverter Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Solar Micro Inverter Market Competitor overview

Some key developments and strategies adopted by manufacturers in Solar Micro Inverter are highlighted below.

·       In January 2022, Chinese micro-inverter maker Hoymiles Power Electronics Inc. has unveiled a new product for high-power modules. “The HMS-2000 micro-inverter is being produced at factory in Hangzhou,”.
 
Solar Micro Inverter Market, Key Players

·       Enphase Energy, Inc.
·       ABB
·       Huawei Technologies Co., Ltd.
·       Sungrow Power Supply Co., Ltd.
·       Solar Technology AG
·       Siemens Industry, Inc.
·       General Electric
·       Schneider Electric
·       Sineng
·       TMEIC
·       Others

Frequently Asked Questions (FAQ) :

Q1. What are the driving factors for the global Solar Micro Inverter market?

A. The Solar Micro Inverter market is expected to rise due to rising demand for building-integrated photovoltaics over the forecast period

Q2. Which Segments are covered in the global Solar Micro Inverter market report?

A. Type, Components, Application, and Region. these segments are covered in the global Solar Micro Inverter market report.

Q3. Which segment is projected to hold the largest share in the global Solar Micro Inverter market?

A. Residential segment is projected to hold the largest share in the global Solar Micro Inverter market.

Q4. Which region holds the largest share in the global Solar Micro Inverter market?

A. Asia Pacific holds the largest share in the global Solar Micro Inverter market.

Q5. Which are the prominent players in the global Solar Micro Inverter market?

A. Enphase Energy, Inc., ABB, Huawei Technologies Co., Ltd., Sungrow Power Supply Co., Ltd., Solar Technology AG, Siemens Industry, Inc., General Electric, Schneider Electric, Sineng, and TMEIC among others. are some key players in the global Solar Micro Inverter market.
Solar Micro Inverter Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global Solar Micro Inverter Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Type
        • 5.2.1. Single Phase
        • 5.2.2. Three Phase
      • 5.3. Market Analysis, Insights and Forecast – By Components
        • 5.3.1. Hardware
        • 5.3.2. Software
      • 5.4. Market Analysis, Insights and Forecast – By Application
        • 5.4.1. Residential
        • 5.4.2. Commercial
        • 5.4.3. Utility
      • 5.5. Market Analysis, Insights and Forecast – By Region
        • 5.5.1. North America
        • 5.5.2. Europe
        • 5.5.3. Asia Pacific
        • 5.5.4. Latin America, Middle East and Africa

      6. North America Solar Micro Inverter Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Type
        • 6.2.1. Single Phase
        • 6.2.2. Three Phase
      • 6.3. Market Analysis, Insights and Forecast – By Components
        • 6.3.1. Hardware
        • 6.3.2. Software
      • 6.4. Market Analysis, Insights and Forecast – By Application
        • 6.4.1. Residential
        • 6.4.2. Commercial
        • 6.4.3. Utility
      • 6.5. Market Analysis, Insights and Forecast – By Country
        • 6.5.1. U.S.
        • 6.5.2. Canada

      7. Europe Solar Micro Inverter Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Type
        • 7.2.1. Single Phase
        • 7.2.2. Three Phase
      • 7.3. Market Analysis, Insights and Forecast – By Components
        • 7.3.1. Hardware
        • 7.3.2. Software
      • 7.4. Market Analysis, Insights and Forecast – By Application
        • 7.4.1. Residential
        • 7.4.2. Commercial
        • 7.4.3. Utility
      • 7.5. Market Analysis, Insights and Forecast – By Country
        • 7.5.1. UK
        • 7.5.2. Germany
        • 7.5.3. France
        • 7.5.4. Italy
        • 7.5.5. Spain
        • 7.5.6. Russia
        • 7.5.7. Rest of Europe

      8. Asia Pacific Solar Micro Inverter Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Type
        • 8.2.1. Single Phase
        • 8.2.2. Three Phase
      • 8.3. Market Analysis, Insights and Forecast – By Components
        • 8.3.1. Hardware
        • 8.3.2. Software
      • 8.4. Market Analysis, Insights and Forecast – By Application
        • 8.4.1. Residential
        • 8.4.2. Commercial
        • 8.4.3. Utility
      • 8.5. Market Analysis, Insights and Forecast – By Country
        • 8.5.1. China
        • 8.5.2. India
        • 8.5.3. Japan
        • 8.5.4. Australia
        • 8.5.5. South East Asia
        • 8.5.6. Rest of Asia Pacific

      9. Latin America, Middle East and Africa Solar Micro Inverter Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Type
        • 9.2.1. Single Phase
        • 9.2.2. Three Phase
      • 9.3. Market Analysis, Insights and Forecast – By Components
        • 9.3.1. Hardware
        • 9.3.2. Software
      • 9.4. Market Analysis, Insights and Forecast – By Application
        • 9.4.1. Residential
        • 9.4.2. Commercial
        • 9.4.3. Utility
      • 9.5. Market Analysis, Insights and Forecast – By Country
        • 9.5.1. Brazil
        • 9.5.2. Saudi Arabia
        • 9.5.3. UAE
        • 9.5.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Enphase Energy, Inc.
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. ABB
      • 10.6. Huawei Technologies Co., Ltd.
      • 10.7. Sungrow Power Supply Co., Ltd.
      • 10.8. Solar Technology AG
      • 10.9. Siemens Industry, Inc.
      • 10.10. General Electric
      • 10.11. Schneider Electric
      • 10.12. Sineng
      • 10.13. TMEIC
      List of Figures

      Figure 1: Global Solar Micro Inverter Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
      Figure 2: Global Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 5: Global Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 9: Global Solar Micro Inverter Market Forecast (USD Billion), by Others, 2016-2027
      Figure 10: Global Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 14: Global Market Forecast (USD Billion), by Others, 2016-2027
      Figure 15: Global Market Value (USD Billion), by Region, 2019 & 2027
      Figure 16: North America Solar Micro Inverter Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 19: North America Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 23: North America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 24: North America Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 28: North America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 29: North America Market Forecast (USD Billion), by U.S., 2016-2027
      Figure 30: North America Market Forecast (USD Billion), by Canada, 2016-2027
      Figure 31: Latin America Solar Micro Inverter Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 34: Latin America Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 38: Latin America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 39: Latin America Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 43: Latin America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2016-2027
      Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2016-2027
      Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
      Figure 47: Europe Solar Micro Inverter Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 50: Europe Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 54: Europe Market Forecast (USD Billion), by Others, 2016-2027
      Figure 55: Europe Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 59: Europe Market Forecast (USD Billion), by Others, 2016-2027
      Figure 60: Europe Market Forecast (USD Billion), by U.K., 2016-2027
      Figure 61: Europe Market Forecast (USD Billion), by Germany, 2016-2027
      Figure 62: Europe Market Forecast (USD Billion), by France, 2016-2027
      Figure 63: Europe Market Forecast (USD Billion), by Italy, 2016-2027
      Figure 64: Europe Market Forecast (USD Billion), by Spain, 2016-2027
      Figure 65: Europe Market Forecast (USD Billion), by Russia, 2016-2027
      Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2016-2027
      Figure 67: Asia Pacific Solar Micro Inverter Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
      Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
      Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2016-2027
      Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2016-2027
      Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2016-2027
      Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2016-2027
      Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2016-2027
      Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
      Figure 86: Middle East & Africa Solar Micro Inverter Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
      Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
      Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2016-2027
      Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2016-2027
      Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027 
      List of Tables
      Table 1: Global Solar Micro Inverter Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2016-2027
      Table 5: North America Solar Micro Inverter Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 9: Europe Solar Micro Inverter Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 13: Latin America Solar Micro Inverter Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 17: Asia Pacific Solar Micro Inverter Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 21: Middle East & Africa Solar Micro Inverter Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2016-2027

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