Industry: Machinery & Equipment
Published Date: 2024-04-26
Pages: 87 Pages
Report ld: 3082120
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Solar Microinverters Market Size(US$)

CAGR 2024-2030
20%
Market Size,2030
USD 7,695.2
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
Solar microinverters are small devices installed on solar panels that convert the DC output of a photovoltaic (PV) panel into AC. These inverters use maximum power point tracking (MPPT) to get maximum power from the PV array.
The global Solar Microinverters market is projected to grow from US$ 2572 million in 2024 to US$ 7695.2 million by 2030, at a Compound Annual Growth Rate (CAGR) of 20.0% during the forecast period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.384 GW.
In terms of production side, this report researches the Solar Microinverters production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.
In terms of consumption side, this report focuses on the sales of Solar Microinverters by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.
Report Covers:
This report presents an overview of global market for Solar Microinverters, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Solar Microinverters, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Solar Microinverters, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Solar Microinverters sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Solar Microinverters market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Solar Microinverters sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including ABB, SMA Solar Technology, SolarEdge Technologies, Chilicon Power, Enphase Energy and Renesola, etc.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Solar Microinverters production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Solar Microinverters in global, 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 4: Detailed analysis of Solar Microinverters manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Solar Microinverters sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: 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 15: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Study Coverage
1.1 Solar Microinverters Product Introduction
1.2 Market by Type
1.2.1 Global Solar Microinverters Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Grid-Connected Solar Microinverter
1.2.3 Grid-Off Solar Microinverter
1.3 Market by Application
1.3.1 Global Solar Microinverters Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Residential
1.3.3 Non-residential
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Solar Microinverters Production
2.1 Global Solar Microinverters Production Capacity (2019-2030)
2.2 Global Solar Microinverters Production by Region: 2019 VS 2023 VS 2030
2.3 Global Solar Microinverters Production by Region
2.3.1 Global Solar Microinverters Historic Production by Region (2019-2024)
2.3.2 Global Solar Microinverters Forecasted Production by Region (2025-2030)
2.3.3 Global Solar Microinverters Production Market Share by Region (2019-2030)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Executive Summary
3.1 Global Solar Microinverters Revenue Estimates and Forecasts 2019-2030
3.2 Global Solar Microinverters Revenue by Region
3.2.1 Global Solar Microinverters Revenue by Region: 2019 VS 2023 VS 2030
3.2.2 Global Solar Microinverters Revenue by Region (2019-2024)
3.2.3 Global Solar Microinverters Revenue by Region (2025-2030)
3.2.4 Global Solar Microinverters Revenue Market Share by Region (2019-2030)
3.3 Global Solar Microinverters Sales Estimates and Forecasts 2019-2030
3.4 Global Solar Microinverters Sales by Region
3.4.1 Global Solar Microinverters Sales by Region: 2019 VS 2023 VS 2030
3.4.2 Global Solar Microinverters Sales by Region (2019-2024)
3.4.3 Global Solar Microinverters Sales by Region (2025-2030)
3.4.4 Global Solar Microinverters Sales Market Share by Region (2019-2030)
3.5 US & Canada
3.6 Europe
3.7 China
3.8 Asia (excluding China)
3.9 Middle East, Africa and Latin America
4 Competition by Manufactures
4.1 Global Solar Microinverters Sales by Manufacturers
4.1.1 Global Solar Microinverters Sales by Manufacturers (2019-2024)
4.1.2 Global Solar Microinverters Sales Market Share by Manufacturers (2019-2024)
4.1.3 Global Top 10 and Top 5 Largest Manufacturers of Solar Microinverters in 2023
4.2 Global Solar Microinverters Revenue by Manufacturers
4.2.1 Global Solar Microinverters Revenue by Manufacturers (2019-2024)
4.2.2 Global Solar Microinverters Revenue Market Share by Manufacturers (2019-2024)
4.2.3 Global Top 10 and Top 5 Companies by Solar Microinverters Revenue in 2023
4.3 Global Solar Microinverters Sales Price by Manufacturers
4.4 Global Key Players of Solar Microinverters, Industry Ranking, 2022 VS 2023 VS 2024
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Solar Microinverters Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.6 Global Key Manufacturers of Solar Microinverters, Manufacturing Base Distribution and Headquarters
4.7 Global Key Manufacturers of Solar Microinverters, Product Offered and Application
4.8 Global Key Manufacturers of Solar Microinverters, Date of Enter into This Industry
4.9 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Solar Microinverters Sales by Type
5.1.1 Global Solar Microinverters Historical Sales by Type (2019-2024)
5.1.2 Global Solar Microinverters Forecasted Sales by Type (2025-2030)
5.1.3 Global Solar Microinverters Sales Market Share by Type (2019-2030)
5.2 Global Solar Microinverters Revenue by Type
5.2.1 Global Solar Microinverters Historical Revenue by Type (2019-2024)
5.2.2 Global Solar Microinverters Forecasted Revenue by Type (2025-2030)
5.2.3 Global Solar Microinverters Revenue Market Share by Type (2019-2030)
5.3 Global Solar Microinverters Price by Type
5.3.1 Global Solar Microinverters Price by Type (2019-2024)
5.3.2 Global Solar Microinverters Price Forecast by Type (2025-2030)
6 Market Size by Application
6.1 Global Solar Microinverters Sales by Application
6.1.1 Global Solar Microinverters Historical Sales by Application (2019-2024)
6.1.2 Global Solar Microinverters Forecasted Sales by Application (2025-2030)
6.1.3 Global Solar Microinverters Sales Market Share by Application (2019-2030)
6.2 Global Solar Microinverters Revenue by Application
6.2.1 Global Solar Microinverters Historical Revenue by Application (2019-2024)
6.2.2 Global Solar Microinverters Forecasted Revenue by Application (2025-2030)
6.2.3 Global Solar Microinverters Revenue Market Share by Application (2019-2030)
6.3 Global Solar Microinverters Price by Application
6.3.1 Global Solar Microinverters Price by Application (2019-2024)
6.3.2 Global Solar Microinverters Price Forecast by Application (2025-2030)
7 US & Canada
7.1 US & Canada Solar Microinverters Market Size by Type
7.1.1 US & Canada Solar Microinverters Sales by Type (2019-2030)
7.1.2 US & Canada Solar Microinverters Revenue by Type (2019-2030)
7.2 US & Canada Solar Microinverters Market Size by Application
7.2.1 US & Canada Solar Microinverters Sales by Application (2019-2030)
7.2.2 US & Canada Solar Microinverters Revenue by Application (2019-2030)
7.3 US & Canada Solar Microinverters Sales by Country
7.3.1 US & Canada Solar Microinverters Revenue by Country: 2019 VS 2023 VS 2030
7.3.2 US & Canada Solar Microinverters Sales by Country (2019-2030)
7.3.3 US & Canada Solar Microinverters Revenue by Country (2019-2030)
7.3.4 U.S.
7.3.5 Canada
8 Europe
8.1 Europe Solar Microinverters Market Size by Type
8.1.1 Europe Solar Microinverters Sales by Type (2019-2030)
8.1.2 Europe Solar Microinverters Revenue by Type (2019-2030)
8.2 Europe Solar Microinverters Market Size by Application
8.2.1 Europe Solar Microinverters Sales by Application (2019-2030)
8.2.2 Europe Solar Microinverters Revenue by Application (2019-2030)
8.3 Europe Solar Microinverters Sales by Country
8.3.1 Europe Solar Microinverters Revenue by Country: 2019 VS 2023 VS 2030
8.3.2 Europe Solar Microinverters Sales by Country (2019-2030)
8.3.3 Europe Solar Microinverters Revenue by Country (2019-2030)
8.3.4 Germany
8.3.5 France
8.3.6 U.K.
8.3.7 Italy
8.3.8 Russia
9 China
9.1 China Solar Microinverters Market Size by Type
9.1.1 China Solar Microinverters Sales by Type (2019-2030)
9.1.2 China Solar Microinverters Revenue by Type (2019-2030)
9.2 China Solar Microinverters Market Size by Application
9.2.1 China Solar Microinverters Sales by Application (2019-2030)
9.2.2 China Solar Microinverters Revenue by Application (2019-2030)
10 Asia (excluding China)
10.1 Asia Solar Microinverters Market Size by Type
10.1.1 Asia Solar Microinverters Sales by Type (2019-2030)
10.1.2 Asia Solar Microinverters Revenue by Type (2019-2030)
10.2 Asia Solar Microinverters Market Size by Application
10.2.1 Asia Solar Microinverters Sales by Application (2019-2030)
10.2.2 Asia Solar Microinverters Revenue by Application (2019-2030)
10.3 Asia Solar Microinverters Sales by Region
10.3.1 Asia Solar Microinverters Revenue by Region: 2019 VS 2023 VS 2030
10.3.2 Asia Solar Microinverters Revenue by Region (2019-2030)
10.3.3 Asia Solar Microinverters Sales by Region (2019-2030)
10.3.4 Japan
10.3.5 South Korea
10.3.6 China Taiwan
10.3.7 Southeast Asia
10.3.8 India
11 Middle East, Africa and Latin America
11.1 Middle East, Africa and Latin America Solar Microinverters Market Size by Type
11.1.1 Middle East, Africa and Latin America Solar Microinverters Sales by Type (2019-2030)
11.1.2 Middle East, Africa and Latin America Solar Microinverters Revenue by Type (2019-2030)
11.2 Middle East, Africa and Latin America Solar Microinverters Market Size by Application
11.2.1 Middle East, Africa and Latin America Solar Microinverters Sales by Application (2019-2030)
11.2.2 Middle East, Africa and Latin America Solar Microinverters Revenue by Application (2019-2030)
11.3 Middle East, Africa and Latin America Solar Microinverters Sales by Country
11.3.1 Middle East, Africa and Latin America Solar Microinverters Revenue by Country: 2019 VS 2023 VS 2030
11.3.2 Middle East, Africa and Latin America Solar Microinverters Revenue by Country (2019-2030)
11.3.3 Middle East, Africa and Latin America Solar Microinverters Sales by Country (2019-2030)
11.3.4 Brazil
11.3.5 Mexico
11.3.6 Turkey
11.3.7 Israel
11.3.8 GCC Countries
12 Corporate Profiles
12.1 ABB
12.1.1 ABB Company Information
12.1.2 ABB Overview
12.1.3 ABB Solar Microinverters Sales, Price, Revenue and Gross Margin (2019-2024)
12.1.4 ABB Solar Microinverters Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 ABB Recent Developments
12.2 SMA Solar Technology
12.2.1 SMA Solar Technology Company Information
12.2.2 SMA Solar Technology Overview
12.2.3 SMA Solar Technology Solar Microinverters Sales, Price, Revenue and Gross Margin (2019-2024)
12.2.4 SMA Solar Technology Solar Microinverters Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 SMA Solar Technology Recent Developments
12.3 SolarEdge Technologies
12.3.1 SolarEdge Technologies Company Information
12.3.2 SolarEdge Technologies Overview
12.3.3 SolarEdge Technologies Solar Microinverters Sales, Price, Revenue and Gross Margin (2019-2024)
12.3.4 SolarEdge Technologies Solar Microinverters Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 SolarEdge Technologies Recent Developments
12.4 Chilicon Power
12.4.1 Chilicon Power Company Information
12.4.2 Chilicon Power Overview
12.4.3 Chilicon Power Solar Microinverters Sales, Price, Revenue and Gross Margin (2019-2024)
12.4.4 Chilicon Power Solar Microinverters Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Chilicon Power Recent Developments
12.5 Enphase Energy
12.5.1 Enphase Energy Company Information
12.5.2 Enphase Energy Overview
12.5.3 Enphase Energy Solar Microinverters Sales, Price, Revenue and Gross Margin (2019-2024)
12.5.4 Enphase Energy Solar Microinverters Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Enphase Energy Recent Developments
12.6 Renesola
12.6.1 Renesola Company Information
12.6.2 Renesola Overview
12.6.3 Renesola Solar Microinverters Sales, Price, Revenue and Gross Margin (2019-2024)
12.6.4 Renesola Solar Microinverters Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Renesola Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 Solar Microinverters Industry Chain Analysis
13.2 Solar Microinverters Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Solar Microinverters Production Mode & Process
13.4 Solar Microinverters Sales and Marketing
13.4.1 Solar Microinverters Sales Channels
13.4.2 Solar Microinverters Distributors
13.5 Solar Microinverters Customers
14 Solar Microinverters Market Dynamics
14.1 Solar Microinverters Industry Trends
14.2 Solar Microinverters Market Drivers
14.3 Solar Microinverters Market Challenges
14.4 Solar Microinverters Market Restraints
15 Key Finding in The Global Solar Microinverters Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
16.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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