Global PV Micro Inverter Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

PV micro inverters convert direct current (DC) from solar panels into alternate current (AC) of the required frequency. The output from several microinverters is later combined and fed to electrical grids to generate power.
According to our (Global Info Research) latest study, the global PV Micro Inverter market size was valued at USD 759.9 million in 2022 and is forecast to a readjusted size of USD 1712.4 million by 2029 with a CAGR of 12.3% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The APAC will be the largest market for solar microinverters during the forecast period . The market in this region will witness significant growth due to the high adoption rate of solar microinverters. The ability of such systems to bolster the energy harvest of a system will compel the populace in this region to adopt solar microinverters.
This report is a detailed and comprehensive analysis for global PV Micro Inverter market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global PV Micro Inverter market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global PV Micro Inverter market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global PV Micro Inverter market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029
Global PV Micro Inverter market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for PV Micro Inverter
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global PV Micro Inverter market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Chilicon Power, Enphase Energy, Renesola and SMA Solar Technology, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
PV Micro Inverter market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Standalone Systems
    Integrated Systems
Market segment by Application
    Residential
    Commercial
    Utility
Major players covered
    ABB
    Chilicon Power
    Enphase Energy
    Renesola
    SMA Solar Technology
    SolarEdge Technologies
    Sungrow Power Supply
    Schenzhen Kstar Science & Technology
    TMEIC
    SunPower Corp
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe PV Micro Inverter product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of PV Micro Inverter, with price, sales, revenue and global market share of PV Micro Inverter from 2018 to 2023.
Chapter 3, the PV Micro Inverter competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the PV Micro Inverter breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and PV Micro Inverter market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of PV Micro Inverter.
Chapter 14 and 15, to describe PV Micro Inverter sales channel, distributors, customers, research findings and conclusion.