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)
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