Micro-Inverter  - Global Market Outlook (2017-2026)

Micro-Inverter - Global Market Outlook (2017-2026)

  • Published: January 2019
  • ID: SMRC17884

According to Stratistics MRC, the Global Micro-Inverter market is accounted for $2.07 billion in 2017 and is expected to reach $10.95 billion by 2026 growing at a CAGR of 20.3% during the forecast period. Some of the key factors propelling the market growth are benefits over conventional solar inverter technologies, upsurge in renewable energy investment, demand for micro-inverters due to remote monitoring capabilities and rise in residential solar rooftop installations. However, Higher Initial and Maintenance Cost of Micro-Inverters are restraining factors for the Market.

A solar micro-inverter, or simply micro inverter, is a plug-and-play device used in photovoltaics, that converts direct current (DC) generated by a single solar module to alternating current (AC). Micro inverters contrast with conventional string and central solar inverters, in which a single inverter is connected to multiple solar panels. The output from several micro inverters can be combined and often fed to the electrical grid. Micro inverters have several advantages over conventional inverters. The main advantage is that they electrically isolate the panels from each other, so small amounts of shading, debris or snow lines on any one solar module, or even a complete module failure, do not disproportionately reduce the output of the entire array.

By Type, Single-Phase segment acquired significant growth because it enables the system to have a compact size, which is well suited for residential and commercial applications. Most of the micro-inverter manufacturers across the world offer single-phase systems. Also, as single-phase electricity transmission is well suited for residential applications, this is also one of the major markets for micro-inverters, witness high demand worldwide. For instance, in countries such as the US, Australia, and European countries, the residential segment operates on single-phase transmissions of electricity.

On the basis of geography, In Asia-Pacific, micro inverter market is expected to have the fastest growth in Japan during the forecast period. On a global scale, Japan is not the biggest market but it’s in the top three, with strong governmental support, and its huge solar energy industry. However, in spite of representing a major residential market potential, it has been facing limited micro inverter shipments. It is expected that the penetration rate of micro inverters into Japanese market would increase drastically to 7% of total installations by 2018. Another factor for catalyzing the market in Japan could be micro inverter suppliers obtaining Japan Electrical Safety & Environment Technology Laboratories (JET) certification.

Some of the key players in Micro-Inverter Market include ABB Group, AE conversion, Altenergy Power System, Chilicon Power, Darfon Electronics, Delta Energy Systems GmbH, Enluxsolar, Enphase Energy Inc, Involar, Omnik New Energy, P&P Energy Technology Co Ltd, ReneSola, Samil Power, Saronic (EU) Power Techm Sensata Technologies, Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc, Sparq Systems, SunPower Corporation and U R Energy.

Components Covered:
• Hardware
• Services
• Software

Types Covered:
• Single-Phase
• Three-Phase

Connections Covered:
• Grid-Connected
• Stand-Alone

Technologies Covered:
• Wired
• Wireless

Sales Channels Covered:
• Direct
• Indirect

Applications Covered:
• Commercial
• Photo Voltaic (PV) Power Plant
• Residential 

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary      
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Technology Analysis     
 3.7 Application Analysis     
 3.8 Emerging Markets     
 3.9 Futuristic Market Scenario     
       
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
       
5 Global Micro-Inverter Market, By Type Component      
 5.1 Introduction     
 5.2 Hardware      
 5.3 Services     
 5.4 Software      
       
6 Global Micro-Inverter Market, By Type      
 6.1 Introduction     
 6.2 Single-Phase     
 6.3 Three-Phase     
       
7 Global Micro-Inverter Market, By Connection      
 7.1 Introduction     
 7.2 Grid-Connected     
 7.3 Stand-Alone     
        
8 Global Micro-Inverter Market, By Technology      
 8.1 Introduction     
 8.2 Wired      
 8.3 Wireless     
       
9 Global Micro-Inverter Market, By Sales Channel      
 9.1 Introduction     
 9.2 Direct      
 9.3 Indirect     
        
10 Global Micro-Inverter Market, By Application      
 10.1 Introduction     
 10.2 Commercial      
 10.3 Photo Voltaic (PV) Power Plant     
 10.4 Residential      
       
11 Global Micro-Inverter Market, By Geography      
 11.1 Introduction      
 11.2 North America     
  11.2.1 US    
  11.2.2 Canada    
  11.2.3 Mexico    
 11.3 Europe     
  11.3.1 Germany    
  11.3.2 UK    
  11.3.3 Italy    
  11.3.4 France    
  11.3.5 Spain    
  11.3.6 Rest of Europe    
 11.4 Asia Pacific     
  11.4.1 Japan    
  11.4.2 China    
  11.4.3 India    
  11.4.4 Australia    
  11.4.5 New Zealand    
  11.4.6 South Korea    
  11.4.7 Rest of Asia Pacific    
 11.5 South America     
  11.5.1 Argentina    
  11.5.2 Brazil    
  11.5.3 Chile    
  11.5.4 Rest of South America    
 11.6 Middle East & Africa     
  11.6.1 Saudi Arabia    
  11.6.2 UAE    
  11.6.3 Qatar    
  11.6.4 South Africa    
  11.6.5 Rest of Middle East & Africa    
       
12 Key Developments      
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 12.2 Acquisitions & Mergers     
 12.3 New Product Launch     
 12.4 Expansions     
 12.5 Other Key Strategies     
       
13 Company Profiling      
 13.1 ABB Group     
 13.2 Aeconversion     
 13.3 Altenergy Power System     
 13.4 Chilicon Power     
 13.5 Darfon Electronics     
 13.6 Delta Energy Systems GmbH     
 13.7 Enluxsolar     
 13.8 Enphase Energy Inc     
 13.9 Involar     
 13.10 Omnik New Energy     
 13.11 P&P Energy Technology Co Ltd     
 13.12 ReneSola     
 13.13 Samil Power     
 13.14 Saronic (EU) Power Tech     
 13.15 Sensata Technologies     
 13.16 Siemens AG     
 13.17 SMA Solar Technology AG     
 13.18 SolarEdge Technologies Inc      
 13.19 Sparq Systems     
 13.20 SunPower Corporation     
 13.21 U R Energy     


List of Tables       
1 Global Micro-Inverter Market Outlook, By Region (2016-2026) (US $MN)       
2 Global Micro-Inverter Market Outlook, By Component (2016-2026) (US $MN)      
3 Global Micro-Inverter Market Outlook, By Hardware (2016-2026) (US $MN)      
4 Global Micro-Inverter Market Outlook, By Services (2016-2026) (US $MN)      
5 Global Micro-Inverter Market Outlook, By Software (2016-2026) (US $MN)      
6 Global Micro-Inverter Market Outlook, By Type (2016-2026) (US $MN)      
7 Global Micro-Inverter Market Outlook, By Single-Phase (2016-2026) (US $MN)      
8 Global Micro-Inverter Market Outlook, By Three-Phase (2016-2026) (US $MN)      
9 Global Micro-Inverter Market Outlook, By Connection (2016-2026) (US $MN)      
10 Global Micro-Inverter Market Outlook, By Grid-Connected (2016-2026) (US $MN)      
11 Global Micro-Inverter Market Outlook, By Stand-Alone (2016-2026) (US $MN)      
12 Global Micro-Inverter Market Outlook, By Technology (2016-2026) (US $MN)      
13 Global Micro-Inverter Market Outlook, By Wired (2016-2026) (US $MN)      
14 Global Micro-Inverter Market Outlook, By Wireless (2016-2026) (US $MN)      
15 Global Micro-Inverter Market Outlook, By Sales Channel (2016-2026) (US $MN)      
16 Global Micro-Inverter Market Outlook, By Direct (2016-2026) (US $MN)      
17 Global Micro-Inverter Market Outlook, By Indirect (2016-2026) (US $MN)      
18 Global Micro-Inverter Market Outlook, By Application (2016-2026) (US $MN)      
19 Global Micro-Inverter Market Outlook, By Commercial (2016-2026) (US $MN)      
20 Global Micro-Inverter Market Outlook, By PV Power Plant (2016-2026) (US $MN)      
21 Global Micro-Inverter Market Outlook, By Residential (2016-2026) (US $MN)      
22 North America Micro-Inverter Market Outlook, By Country (2016-2026) (US $MN)       
23 North America Micro-Inverter Market Outlook, By Component (2016-2026) (US $MN)      
24 North America Micro-Inverter Market Outlook, By Hardware (2016-2026) (US $MN)      
25 North America Micro-Inverter Market Outlook, By Services (2016-2026) (US $MN)      
26 North America Micro-Inverter Market Outlook, By Software (2016-2026) (US $MN)      
27 North America Micro-Inverter Market Outlook, By Type (2016-2026) (US $MN)      
28 North America Micro-Inverter Market Outlook, By Single-Phase (2016-2026) (US $MN)      
29 North America Micro-Inverter Market Outlook, By Three-Phase (2016-2026) (US $MN)      
30 North America Micro-Inverter Market Outlook, By Connection (2016-2026) (US $MN)      
31 North America Micro-Inverter Market Outlook, By Grid-Connected (2016-2026) (US $MN)      
32 North America Micro-Inverter Market Outlook, By Stand-Alone (2016-2026) (US $MN)      
33 North America Micro-Inverter Market Outlook, By Technology (2016-2026) (US $MN)      
34 North America Micro-Inverter Market Outlook, By Wired (2016-2026) (US $MN)      
35 North America Micro-Inverter Market Outlook, By Wireless (2016-2026) (US $MN)      
36 North America Micro-Inverter Market Outlook, By Sales Channel (2016-2026) (US $MN)      
37 North America Micro-Inverter Market Outlook, By Direct (2016-2026) (US $MN)      
38 North America Micro-Inverter Market Outlook, By Indirect (2016-2026) (US $MN)      
39 North America Micro-Inverter Market Outlook, By Application (2016-2026) (US $MN)      
40 North America Micro-Inverter Market Outlook, By Commercial (2016-2026) (US $MN)      
41 North America Micro-Inverter Market Outlook, By PV Power Plant (2016-2026) (US $MN)      
42 North America Micro-Inverter Market Outlook, By Residential (2016-2026) (US $MN)      
43 Europe Micro-Inverter Market Outlook, By Country (2016-2026) (US $MN)       
44 Europe Micro-Inverter Market Outlook, By Component (2016-2026) (US $MN)      
45 Europe Micro-Inverter Market Outlook, By Hardware (2016-2026) (US $MN)      
46 Europe Micro-Inverter Market Outlook, By Services (2016-2026) (US $MN)      
47 Europe Micro-Inverter Market Outlook, By Software (2016-2026) (US $MN)      
48 Europe Micro-Inverter Market Outlook, By Type (2016-2026) (US $MN)      
49 Europe Micro-Inverter Market Outlook, By Single-Phase (2016-2026) (US $MN)      
50 Europe Micro-Inverter Market Outlook, By Three-Phase (2016-2026) (US $MN)      
51 Europe Micro-Inverter Market Outlook, By Connection (2016-2026) (US $MN)      
52 Europe Micro-Inverter Market Outlook, By Grid-Connected (2016-2026) (US $MN)      
53 Europe Micro-Inverter Market Outlook, By Stand-Alone (2016-2026) (US $MN)      
54 Europe Micro-Inverter Market Outlook, By Technology (2016-2026) (US $MN)      
55 Europe Micro-Inverter Market Outlook, By Wired (2016-2026) (US $MN)      
56 Europe Micro-Inverter Market Outlook, By Wireless (2016-2026) (US $MN)       
57 Europe Micro-Inverter Market Outlook, By Sales Channel (2016-2026) (US $MN)      
58 Europe Micro-Inverter Market Outlook, By Direct (2016-2026) (US $MN)      
59 Europe Micro-Inverter Market Outlook, By Indirect (2016-2026) (US $MN)      
60 Europe Micro-Inverter Market Outlook, By Application (2016-2026) (US $MN)      
61 Europe Micro-Inverter Market Outlook, By Commercial (2016-2026) (US $MN)      
62 Europe Micro-Inverter Market Outlook, By PV Power Plant (2016-2026) (US $MN)      
63 Europe Micro-Inverter Market Outlook, By Residential (2016-2026) (US $MN)      
64 Asia Pacific Micro-Inverter Market Outlook, By Country (2016-2026) (US $MN)       
65 Asia Pacific Micro-Inverter Market Outlook, By Component (2016-2026) (US $MN)      
66 Asia Pacific Micro-Inverter Market Outlook, By Hardware (2016-2026) (US $MN)      
67 Asia Pacific Micro-Inverter Market Outlook, By Services (2016-2026) (US $MN)      
68 Asia Pacific Micro-Inverter Market Outlook, By Software (2016-2026) (US $MN)       
69 Asia Pacific Micro-Inverter Market Outlook, By Type (2016-2026) (US $MN)      
70 Asia Pacific Micro-Inverter Market Outlook, By Single-Phase (2016-2026) (US $MN)      
71 Asia Pacific Micro-Inverter Market Outlook, By Three-Phase (2016-2026) (US $MN)      
72 Asia Pacific Micro-Inverter Market Outlook, By Connection (2016-2026) (US $MN)      
73 Asia Pacific Micro-Inverter Market Outlook, By Grid-Connected (2016-2026) (US $MN)      
74 Asia Pacific Micro-Inverter Market Outlook, By Stand-Alone (2016-2026) (US $MN)      
75 Asia Pacific Micro-Inverter Market Outlook, By Technology (2016-2026) (US $MN)      
76 Asia Pacific Micro-Inverter Market Outlook, By Wired (2016-2026) (US $MN)      
77 Asia Pacific Micro-Inverter Market Outlook, By Wireless (2016-2026) (US $MN)      
78 Asia Pacific Micro-Inverter Market Outlook, By Sales Channel (2016-2026) (US $MN)      
79 Asia Pacific Micro-Inverter Market Outlook, By Direct (2016-2026) (US $MN)      
80 Asia Pacific Micro-Inverter Market Outlook, By Indirect (2016-2026) (US $MN)      
81 Asia Pacific Micro-Inverter Market Outlook, By Application (2016-2026) (US $MN)      
82 Asia Pacific Micro-Inverter Market Outlook, By Commercial (2016-2026) (US $MN)      
83 Asia Pacific Micro-Inverter Market Outlook, By PV Power Plant (2016-2026) (US $MN)      
84 Asia Pacific Micro-Inverter Market Outlook, By Residential (2016-2026) (US $MN)      
85 South America Micro-Inverter Market Outlook, By Country (2016-2026) (US $MN)       
86 South America Micro-Inverter Market Outlook, By Component (2016-2026) (US $MN)      
87 South America Micro-Inverter Market Outlook, By Hardware (2016-2026) (US $MN)      
88 South America Micro-Inverter Market Outlook, By Services (2016-2026) (US $MN)      
89 South America Micro-Inverter Market Outlook, By Software (2016-2026) (US $MN)      
90 South America Micro-Inverter Market Outlook, By Type (2016-2026) (US $MN)      
91 South America Micro-Inverter Market Outlook, By Single-Phase (2016-2026) (US $MN)      
92 South America Micro-Inverter Market Outlook, By Three-Phase (2016-2026) (US $MN)      
93 South America Micro-Inverter Market Outlook, By Connection (2016-2026) (US $MN)      
94 South America Micro-Inverter Market Outlook, By Grid-Connected (2016-2026) (US $MN)      
95 South America Micro-Inverter Market Outlook, By Stand-Alone (2016-2026) (US $MN)      
96 South America Micro-Inverter Market Outlook, By Technology (2016-2026) (US $MN)      
97 South America Micro-Inverter Market Outlook, By Wired (2016-2026) (US $MN)      
98 South America Micro-Inverter Market Outlook, By Wireless (2016-2026) (US $MN)      
99 South America Micro-Inverter Market Outlook, By Sales Channel (2016-2026) (US $MN)      
100 South America Micro-Inverter Market Outlook, By Direct (2016-2026) (US $MN)      
101 South America Micro-Inverter Market Outlook, By Indirect (2016-2026) (US $MN)      
102 South America Micro-Inverter Market Outlook, By Application (2016-2026) (US $MN)      
103 South America Micro-Inverter Market Outlook, By Commercial (2016-2026) (US $MN)      
104 South America Micro-Inverter Market Outlook, By PV Power Plant (2016-2026) (US $MN)      
105 South America Micro-Inverter Market Outlook, By Residential (2016-2026) (US $MN)      
106 Middle East & Africa Micro-Inverter Market Outlook, By Country (2016-2026) (US $MN)       
107 Middle East & Africa Micro-Inverter Market Outlook, By Component (2016-2026) (US $MN)      
108 Middle East & Africa Micro-Inverter Market Outlook, By Hardware (2016-2026) (US $MN)      
109 Middle East & Africa Micro-Inverter Market Outlook, By Services (2016-2026) (US $MN)      
110 Middle East & Africa Micro-Inverter Market Outlook, By Software (2016-2026) (US $MN)      
111 Middle East & Africa Micro-Inverter Market Outlook, By Type (2016-2026) (US $MN)      
112 Middle East & Africa Micro-Inverter Market Outlook, By Single-Phase (2016-2026) (US $MN)      
113 Middle East & Africa Micro-Inverter Market Outlook, By Three-Phase (2016-2026) (US $MN)      
114 Middle East & Africa Micro-Inverter Market Outlook, By Connection (2016-2026) (US $MN)      
115 Middle East & Africa Micro-Inverter Market Outlook, By Grid-Connected (2016-2026) (US $MN)      
116 Middle East & Africa Micro-Inverter Market Outlook, By Stand-Alone (2016-2026) (US $MN)      
117 Middle East & Africa Micro-Inverter Market Outlook, By Technology (2016-2026) (US $MN)      
118 Middle East & Africa Micro-Inverter Market Outlook, By Wired (2016-2026) (US $MN)      
119 Middle East & Africa Micro-Inverter Market Outlook, By Wireless (2016-2026) (US $MN)      
120 Middle East & Africa Micro-Inverter Market Outlook, By Sales Channel (2016-2026) (US $MN)      
121 Middle East & Africa Micro-Inverter Market Outlook, By Direct (2016-2026) (US $MN)      
122 Middle East & Africa Micro-Inverter Market Outlook, By Indirect (2016-2026) (US $MN)      
123 Middle East & Africa Micro-Inverter Market Outlook, By Application (2016-2026) (US $MN)      
124 Middle East & Africa Micro-Inverter Market Outlook, By Commercial (2016-2026) (US $MN)      
125 Middle East & Africa Micro-Inverter Market Outlook, By PV Power Plant (2016-2026) (US $MN)      
126 Middle East & Africa Micro-Inverter Market Outlook, By Residential (2016-2026) (US $MN)      

1. What do I do if I have a query on this report?
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: [email protected] or phone: +1-301-202-5929
2. Is the sample available for this report? Can I request the sample with my specific requirements?
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
3. Format of the report?
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: [email protected] or phone: +1-301-202-5929
4. Services prior to purchase and after purchase?
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at [email protected] or call us on +1-301-202-5929.
5. License Type and Delivery?
We have 3 different licensing options available in electronic format.
  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment
6. Purchase procedure and Invoicing?
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards
7. Post sale support?
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at [email protected] or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

Select License Type

Single User License (PDF)

 

2 - 5 User License (PDF)

 

Site License (PDF)

 

Corporate License (PDF)

 

Have a Question?


Know our Methodology

WHY CHOOSE US ?

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Adding more values to your product of interest.

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials