Market Overview:
The global three-phase micro inverters market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for solar energy across the globe and rising awareness about the benefits of using solar energy. Additionally, government initiatives and subsidies for installing solar panels are also contributing to the growth of this market. The global three-phase micro inverters market is segmented on the basis of type, application, and region. On the basis of type, it is divided into low-power inverter and high-power inverter segments. Low-power inverters are used in residential applications while high-power inverters are used in commercial applications. Regionally, it is analyzed across North America, Latin America, Europe Asia Pacific (APAC), and Middle East & Africa (MEA).
Product Definition:
A three-phase micro inverter is an electronic device that converts direct current (DC) to alternating current (AC). It is used to provide power to three-phase electrical systems. The importance of three-phase micro inverters is that they allow for the generation of AC power from a number of small, individual solar panels, which can then be used to provide power to homes or businesses. This allows for a more decentralized approach to solar energy generation and helps reduce the overall cost of installing a solar energy system.
Low-power Inverter:
Low-power inverters are the most basic type of electric power supply used in solar systems. They are inexpensive, easy to install and have a low environmental impact. The global demand for these products is expected to witness significant growth over the forecast period owing to their growing use in off-grid applications across various sectors including agriculture, healthcare & hospitality and industrial manufacturing among others.
High-power Inverter:
High-power inverter is a power generating device which can deliver more than the standard power of 120/240V. It’s majorly used in three-phase micro inverters. The working principle of high-power inverter is different from that of low and medium power inverters.
Application Insights:
The commercial application segment dominated the global three-phase micro inverters market in terms of revenue share in 2017. The growth can be attributed to increasing demand for large scale commercial construction activities across the globe. In addition, growing investments from various industries such as healthcare, retail and hospitality are expected to boost product demand over the forecast period.
The residential sector is projected to witness significant growth over the forecast period owing to rising consumer disposable income levels coupled with government initiatives such as affordable housing schemes and tax rebates on energy bills that have resulted in increased spending on home improvement activities including installation of air conditioners and heat pumps. This trend is expected to continue over the next few years driving product demand further.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The region has been witnessing strong economic growth and this trend is expected to continue over the forecast period. Strong economic growth in developing countries, such as China and India, has led to increased adoption of three-phase micro inverters for commercial applications. Moreover, increasing investments in smart grid projects are also driving the demand for three-phase micro inverters in APAC region.
The European market accounted for more than 25% share of global revenue in 2017 owing to early technology adoption by several major players across various industry verticals including automotive and energy sector.
Growth Factors:
- Increasing demand for solar energy: The increasing demand for solar energy is one of the major growth drivers for the three-phase micro inverters market. This is because three-phase micro inverters offer several advantages over central inverters, such as improved performance in shading conditions and lower system costs.
- Technological advancements: The technological advancements in three-phase micro inverters are another key factor driving the market growth. These advancements have led to the development of more efficient and reliable products, which has increased their adoption among consumers.
- Growing awareness about renewable energy: There is a growing awareness about renewable energy among consumers, which is aiding the growth of the three-phase micro inverter market. This is because renewable sources such as solar and wind power are becoming increasingly popular due to their environmental benefits and cost savings potentials over traditional sources of electricity generation like coal or natural gas plants .
Scope Of The Report
Report Attributes
Report Details
Report Title
Three-phase Micro Inverters Market Research Report
By Type
Low-power Inverter, High-power Inverter
By Application
Residential, Commercial, Others
By Companies
Enphase Energy, SMA Solar Technology, Delta Energy Systems, ReneSola, Siemens, Enphase, APsystems, Chilicon Power, Sparq Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Three-phase Micro Inverters Market Report Segments:
The global Three-phase Micro Inverters market is segmented on the basis of:
Types
Low-power Inverter, High-power Inverter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Enphase Energy
- SMA Solar Technology
- Delta Energy Systems
- ReneSola
- Siemens
- Enphase
- APsystems
- Chilicon Power
- Sparq Systems
Highlights of The Three-phase Micro Inverters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low-power Inverter
- High-power Inverter
- By Application:
- Residential
- Commercial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Three-phase Micro Inverters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A three-phase micro inverter is a type of electric power inverter that can convert direct current (DC) into alternating current (AC). This allows the inverter to provide power to an electrical device or system using three different voltages, which makes it more versatile and efficient.
Some of the key players operating in the three-phase micro inverters market are Enphase Energy, SMA Solar Technology, Delta Energy Systems, ReneSola, Siemens, Enphase, APsystems, Chilicon Power, Sparq Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Three-phase Micro Inverters Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Three-phase Micro Inverters Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Three-phase Micro Inverters Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Three-phase Micro Inverters Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Three-phase Micro Inverters Market Size & Forecast, 2020-2028 4.5.1 Three-phase Micro Inverters Market Size and Y-o-Y Growth 4.5.2 Three-phase Micro Inverters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low-power Inverter
5.2.2 High-power Inverter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Three-phase Micro Inverters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Three-phase Micro Inverters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low-power Inverter
9.6.2 High-power Inverter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low-power Inverter
10.6.2 High-power Inverter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low-power Inverter
11.6.2 High-power Inverter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low-power Inverter
12.6.2 High-power Inverter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low-power Inverter
13.6.2 High-power Inverter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Three-phase Micro Inverters Market: Competitive Dashboard
14.2 Global Three-phase Micro Inverters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Enphase Energy
14.3.2 SMA Solar Technology
14.3.3 Delta Energy Systems
14.3.4 ReneSola
14.3.5 Siemens
14.3.6 Enphase
14.3.7 APsystems
14.3.8 Chilicon Power
14.3.9 Sparq Systems