Micro Inverter Market, Global Outlook and Forecast 2023-2029

Micro inverter is an emerging solar inverter technology used to convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity.
This report aims to provide a comprehensive presentation of the global market for Micro Inverter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro Inverter. This report contains market size and forecasts of Micro Inverter in global, including the following market information:
Global Micro Inverter Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Micro Inverter Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Micro Inverter companies in 2022 (%)
The global Micro Inverter market was valued at US$ 2565.2 million in 2022 and is projected to reach US$ 5137.6 million by 2029, at a CAGR of 10.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Micro Inverter manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Micro Inverter Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Micro Inverter Market Segment Percentages, by Type, 2022 (%)
    Single-phase
    Three-phase
Global Micro Inverter Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Micro Inverter Market Segment Percentages, by Application, 2022 (%)
    Residential
    Commercial
Global Micro Inverter Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Micro Inverter Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Micro Inverter revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Micro Inverter revenues share in global market, 2022 (%)
Key companies Micro Inverter sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Micro Inverter sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Enphase Energy
    ABB Group
    SunPower
    SMA Solar Technology
    Delta Energy Systems
    SolarEdge Technologies
    ReneSola
    Siemens
    P&P Energy Technology
    Involar
    Alencon Systems
    Delta Energy
    Altenergy Power
    Ampt
    Array Power
    Chilicon Power
    i-Energy
    KACO New Energy
    Petra Systems
    Solantro
    Sparq Systems
    Tigo Energy
Outline of Major Chapters:
Chapter 1: Introduces the definition of Micro Inverter, market overview.
Chapter 2: Global Micro Inverter market size in revenue and volume.
Chapter 3: Detailed analysis of Micro Inverter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Micro Inverter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Micro Inverter capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.