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Global Solar Microinverter Market (2020 to 2026) - by Type, Connectivity, Application, Sales Channel and Region - ResearchAndMarkets.com

·4-min read

The "Global Solar Microinverter Market, By Type (Single Phase and Three Phase), By Connectivity (Integrated, Standalone), By Application (Residential, Commercial, PV Power Plant), By Sales Channel (Direct and Indirect), By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Solar Microinverter Market was valued USD 1166.24 Million in 2019 and is projected to grow at double-digit CAGR of 24.32% to reach USD 2934.86 Million by 2025.

The Global Solar Microinverter Market is driven by ongoing advancements in research and development of solar micro inverters. In addition to this, rapid increase in renewable energy investment is positively impacting the growth of the market during the forecast period. Furthermore, growing requirement for renewable and clean sources of energy to decrease dependency on fossil fuels is expected to bolster the growth of the market over the next few years.

The Global Solar Microinverter Market is segmented based on type, connectivity, application, sales channel, company, and region. Based on type, the market can be categorized into single phase and three phase. Out of these, the single phase segment dominated the market in 2019 with share of 79.87% and is expected to hold the largest share in the market, during the forecast period. This can be attributed to the fact that single-phase technology allows the system to have a compact size that is well suitable for residential and commercial applications.

Regionally, North America dominated the market until 2019 on account of high number of solar micro-inverter installations in the region, predominantly in US and Canada, which is contributing to dominating position of the region in the market.

Companies Mentioned

  • SMA Solar Technology AG

  • Darfon Electronics Corp.

  • ABB Ltd.

  • Altenergy Power System Inc.

  • Enphase Energy Inc

  • SolarEdge Technologies, Inc.

  • SunPower Corporation

  • Chilicon Power, LLC

  • I Energy Corporation Limited

  • NEP Microinverter Inc.

Objective of the Study:

  • To analyze and estimate the market size of global solar microinverter market from 2015 to 2018.

  • To estimate and forecast the market size of global solar microinverter market from 2019 to 2025 and growth rate until 2025.

  • To classify and forecast global solar microinverter market based on type, connectivity, application, sales channel, company and regional distribution.

  • To identify dominant region or segment in the global solar microinverter market.

  • To identify drivers and challenges for global solar microinverter market.

  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global solar microinverter market.

  • To conduct pricing analysis for global solar microinverter market.

  • To identify and analyze the profile of leading players operating in global solar microinverter market.

  • To identify key sustainable strategies adopted by market players in global solar microinverter market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Solar Microinverter Market

4. Executive Summary

5. Voice of Customer

6. Global Solar Microinverter Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Single Phase and Three Phase)

6.2.2. By Connectivity (Integrated, Standalone)

6.2.3. By Application (Residential, Commercial, PV Power Plant)

6.2.4. By Sales Channel (Direct and Indirect)

6.2.5. By Company

6.2.6. By Region

6.3. Product Market Map

7. North America Solar Microinverter Market Outlook

7.1. Market Size & Forecast

7.2. Market Share & Forecast

7.3. North America: Country Analysis

8. Europe Solar Microinverter Market Outlook

8.1. Market Size & Forecast

8.2. Market Share & Forecast

8.3. Europe: Country Analysis

9. Asia-Pacific Solar Microinverter Market Outlook

9.1. Market Size & Forecast

9.2. Market Share & Forecast

9.3. Asia-Pacific: Country Analysis

10. South America Solar Microinverter Market Outlook

10.1. Market Size & Forecast

10.2. Market Share & Forecast

10.3. South America: Country Analysis

11. Middle East and Africa Solar Microinverter Market Outlook

11.1. Market Size & Forecast

11.2. Market Share & Forecast

11.3. MEA: Country Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

15. Strategic Recommendations

16. About the Publisher & Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/puvnzp

View source version on businesswire.com: https://www.businesswire.com/news/home/20210114005506/en/

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