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.
Solar Microinverters Market contains market size and forecasts of Solar Microinverters in global, including the following market information:
- Global Solar Microinverters Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Solar Microinverters Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Solar Microinverters companies in 2021 (%)
The global Solar Microinverters market was valued at 2158.5 million in 2021 and is projected to reach US$ 7371.2 million by 2028, at a CAGR of 19.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Grid-Connected Solar Microinverter Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Solar Microinverters include ABB, SMA Solar Technology, SolarEdge Technologies, Chilicon Power, Enphase Energy and Renesola, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Solar Microinverters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Solar Microinverters Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Solar Microinverters Market Segment Percentages, by Type, 2021 (%)
- Grid-Connected Solar Microinverter
- Grid-Off Solar Microinverter
Global Solar Microinverters Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Solar Microinverters Market Segment Percentages, by Application, 2021 (%)
- Residential
- Non-residential
Global Solar Microinverters Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Solar Microinverters Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Solar Microinverters revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Solar Microinverters revenues share in global market, 2021 (%)
- Key companies Solar Microinverters sales in global market, 2017-2022 (Estimated), (K Units)
- Key companies Solar Microinverters sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- ABB
- SMA Solar Technology
- SolarEdge Technologies
- Chilicon Power
- Enphase Energy
- Renesola
Industry Market Size
