Industry: Machinery & Equipment
Published Date: 2025-02-25
Pages: 91 Pages
Report ld: 4235924
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Solar Microinverters Market Size(US$)

CAGR 2025-2031
20%
Market Size,2031
USD 10,720
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Solar Microinverters was valued at US$ 3036 million in the year 2024 and is projected to reach a revised size of US$ 10720 million by 2031, growing at a CAGR of 20.0% during the forecast period.
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.
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 $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan"s total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.384 GW.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Solar Microinverters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Microinverters.
The Solar Microinverters market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Solar Microinverters market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solar Microinverters manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, 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: Detailed analysis of Solar Microinverters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solar Microinverters by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solar Microinverters 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: 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.
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TABLE OF CONTENTS
1 Solar Microinverters Market Overview
1.1 Product Definition
1.2 Solar Microinverters by Type
1.2.1 Global Solar Microinverters Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Grid-Connected Solar Microinverter
1.2.3 Grid-Off Solar Microinverter
1.3 Solar Microinverters by Application
1.3.1 Global Solar Microinverters Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Residential
1.3.3 Non-residential
1.4 Global Market Growth Prospects
1.4.1 Global Solar Microinverters Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Solar Microinverters Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Solar Microinverters Production Estimates and Forecasts (2020-2031)
1.4.4 Global Solar Microinverters Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solar Microinverters Production Market Share by Manufacturers (2020-2025)
2.2 Global Solar Microinverters Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Solar Microinverters, Industry Ranking, 2023 VS 2024
2.4 Global Solar Microinverters Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Solar Microinverters Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Solar Microinverters, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solar Microinverters, Product Offered and Application
2.8 Global Key Manufacturers of Solar Microinverters, Date of Enter into This Industry
2.9 Solar Microinverters Market Competitive Situation and Trends
2.9.1 Solar Microinverters Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solar Microinverters Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solar Microinverters Production by Region
3.1 Global Solar Microinverters Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Solar Microinverters Production Value by Region (2020-2031)
3.2.1 Global Solar Microinverters Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Solar Microinverters by Region (2026-2031)
3.3 Global Solar Microinverters Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Solar Microinverters Production Volume by Region (2020-2031)
3.4.1 Global Solar Microinverters Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Solar Microinverters by Region (2026-2031)
3.5 Global Solar Microinverters Market Price Analysis by Region (2020-2025)
3.6 Global Solar Microinverters Production and Value, Year-over-Year Growth
3.6.1 North America Solar Microinverters Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Solar Microinverters Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Solar Microinverters Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Solar Microinverters Production Value Estimates and Forecasts (2020-2031)
4 Solar Microinverters Consumption by Region
4.1 Global Solar Microinverters Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Solar Microinverters Consumption by Region (2020-2031)
4.2.1 Global Solar Microinverters Consumption by Region (2020-2025)
4.2.2 Global Solar Microinverters Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Solar Microinverters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Solar Microinverters Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solar Microinverters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Solar Microinverters Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Solar Microinverters Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Solar Microinverters Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Solar Microinverters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Solar Microinverters Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Solar Microinverters Production by Type (2020-2031)
5.1.1 Global Solar Microinverters Production by Type (2020-2025)
5.1.2 Global Solar Microinverters Production by Type (2026-2031)
5.1.3 Global Solar Microinverters Production Market Share by Type (2020-2031)
5.2 Global Solar Microinverters Production Value by Type (2020-2031)
5.2.1 Global Solar Microinverters Production Value by Type (2020-2025)
5.2.2 Global Solar Microinverters Production Value by Type (2026-2031)
5.2.3 Global Solar Microinverters Production Value Market Share by Type (2020-2031)
5.3 Global Solar Microinverters Price by Type (2020-2031)
6 Segment by Application
6.1 Global Solar Microinverters Production by Application (2020-2031)
6.1.1 Global Solar Microinverters Production by Application (2020-2025)
6.1.2 Global Solar Microinverters Production by Application (2026-2031)
6.1.3 Global Solar Microinverters Production Market Share by Application (2020-2031)
6.2 Global Solar Microinverters Production Value by Application (2020-2031)
6.2.1 Global Solar Microinverters Production Value by Application (2020-2025)
6.2.2 Global Solar Microinverters Production Value by Application (2026-2031)
6.2.3 Global Solar Microinverters Production Value Market Share by Application (2020-2031)
6.3 Global Solar Microinverters Price by Application (2020-2031)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Solar Microinverters Company Information
7.1.2 ABB Solar Microinverters Product Portfolio
7.1.3 ABB Solar Microinverters Production, Value, Price and Gross Margin (2020-2025)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 SMA Solar Technology
7.2.1 SMA Solar Technology Solar Microinverters Company Information
7.2.2 SMA Solar Technology Solar Microinverters Product Portfolio
7.2.3 SMA Solar Technology Solar Microinverters Production, Value, Price and Gross Margin (2020-2025)
7.2.4 SMA Solar Technology Main Business and Markets Served
7.2.5 SMA Solar Technology Recent Developments/Updates
7.3 SolarEdge Technologies
7.3.1 SolarEdge Technologies Solar Microinverters Company Information
7.3.2 SolarEdge Technologies Solar Microinverters Product Portfolio
7.3.3 SolarEdge Technologies Solar Microinverters Production, Value, Price and Gross Margin (2020-2025)
7.3.4 SolarEdge Technologies Main Business and Markets Served
7.3.5 SolarEdge Technologies Recent Developments/Updates
7.4 Chilicon Power
7.4.1 Chilicon Power Solar Microinverters Company Information
7.4.2 Chilicon Power Solar Microinverters Product Portfolio
7.4.3 Chilicon Power Solar Microinverters Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Chilicon Power Main Business and Markets Served
7.4.5 Chilicon Power Recent Developments/Updates
7.5 Enphase Energy
7.5.1 Enphase Energy Solar Microinverters Company Information
7.5.2 Enphase Energy Solar Microinverters Product Portfolio
7.5.3 Enphase Energy Solar Microinverters Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Enphase Energy Main Business and Markets Served
7.5.5 Enphase Energy Recent Developments/Updates
7.6 Renesola
7.6.1 Renesola Solar Microinverters Company Information
7.6.2 Renesola Solar Microinverters Product Portfolio
7.6.3 Renesola Solar Microinverters Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Renesola Main Business and Markets Served
7.6.5 Renesola Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Solar Microinverters Industry Chain Analysis
8.2 Solar Microinverters Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solar Microinverters Production Mode & Process Analysis
8.4 Solar Microinverters Sales and Marketing
8.4.1 Solar Microinverters Sales Channels
8.4.2 Solar Microinverters Distributors
8.5 Solar Microinverters Customer Analysis
9 Solar Microinverters Market Dynamics
9.1 Solar Microinverters Industry Trends
9.2 Solar Microinverters Market Drivers
9.3 Solar Microinverters Market Challenges
9.4 Solar Microinverters Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 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
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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