Market Overview:
The global photovoltaics microinverters market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the rising awareness about the benefits of using photovoltaic systems. The grid-connected PV microinverter segment is expected to account for a major share of the global photovoltaics microinverters market during the forecast period. This segment is anticipated to benefit from increasing investments in solar power by governments and private entities across the world. The grid-off PV microinverter segment is projected to grow at a higher CAGR than other segments during 2018-2030, owing to its ability provide backup power during outages or emergencies. In terms of application, residential applications are expected dominate the global photovoltaics microinverters market throughoutthe forecast period. Commercial applications are also anticipatedto register significant growthduring2018-2030due tobusinesses becoming more environment conscious and their inclination towards installing solar systems for captive use.
Product Definition:
A photovoltaic microinverter is a device that converts direct current (DC) into alternating current (AC) for use in grid-tied photovoltaic systems. A single microinverter is connected to a single solar panel, while multiple microinverters are connected to a single solar module. Photovoltaics microinverters offer several advantages over traditional central inverters, including improved reliability, increased energy production, and easier installation and maintenance.
Grid-Connected PV Microinverter:
Microinverters are small electrical devices that are used in solar PV systems to increase the power output from the photovoltaic modules. They work by modifying the direct current (DC) produced by solar panels into an alternating current (AC). The AC produced is then converted back to DC by way of a battery for use in appliances or electric tools.
Grid-Off PV Microinverter:
Microinverters are small electrical devices that are used to convert the regular household current into a lower and more directed one. Microinverters come in different sizes, shapes and efficiencies. The most common type of microinverter is the square shaped unit which has four blades made out of different materials such as silicon, glass or plastic material which helps in concentrating the light on a particular point using lenses or mirrors.
Application Insights:
The commercial segment dominated the global photovoltaics microinverters market in terms of revenue in 2017. The growing number of solar power projects, particularly across Latin America and Asia Pacific, is expected to drive the demand for grid-connected PV microinverters over the forecast period. In addition, favorable government policies and tax rebates offered on installing solar energy systems are anticipated to further propel demand from the commercial sector over the next eight years.
The residential segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to rising awareness regarding clean energy generation coupled with increasing disposable income per household across various regions including North America and Europe. Various governments are focusing on promoting renewable sources of energy such as wind power and solar power for meeting electricity needs, which will eventually drive demand for grid-connected PV microinverter in this application segment over the forecast period.
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The region is expected to dominate the industry over the forecast period, owing to supportive government policies and increasing investments by companies in R&D. In addition, growing awareness regarding grid-connected PV systems is anticipated to drive demand over the next eight years.
The Asia Pacific regional market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high growth potential for residential as well as commercial applications of photovoltaics across countries such as China and Japan. Furthermore, favorable government initiatives are also expected favorably impact overall industry growth during the forecast period.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources
- Reduction in the cost of solar photovoltaic systems
- Increased awareness about the benefits of solar photovoltaic systems
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaics Microinverters Market Research Report
By Type
Grid-Connected PV Microinverter, Grid-Off PV Microinverter
By Application
Residential, Commercial, Other
By Companies
Enphase Energy, SolarEdge Technologies, SMA, SunPower, Power-One, Sungrow, AP System, Samil Power
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaics Microinverters Market Report Segments:
The global Photovoltaics Microinverters market is segmented on the basis of:
Types
Grid-Connected PV Microinverter, Grid-Off PV Microinverter
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, Other
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
- SolarEdge Technologies
- SMA
- SunPower
- Power-One
- Sungrow
- AP System
- Samil Power
Highlights of The Photovoltaics Microinverters 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:
- Grid-Connected PV Microinverter
- Grid-Off PV Microinverter
- By Application:
- Residential
- Commercial
- Other
- 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 Photovoltaics Microinverters 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 photovoltaic microinverter is a small, lightweight device that helps convert sunlight into electricity. They are used to increase the efficiency of solar energy systems by splitting the incoming light into different wavelengths. This allows more sunlight to be converted into usable electricity, which can help reduce your overall energy bill.
Some of the key players operating in the photovoltaics microinverters market are Enphase Energy, SolarEdge Technologies, SMA, SunPower, Power-One, Sungrow, AP System, Samil Power.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photovoltaics Microinverters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Photovoltaics Microinverters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photovoltaics Microinverters Market - Supply Chain
4.5. Global Photovoltaics Microinverters Market Forecast
4.5.1. Photovoltaics Microinverters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photovoltaics Microinverters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photovoltaics Microinverters Market Absolute $ Opportunity
5. Global Photovoltaics Microinverters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Photovoltaics Microinverters Market Size and Volume Forecast by Type
5.3.1. Grid-Connected PV Microinverter
5.3.2. Grid-Off PV Microinverter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photovoltaics Microinverters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Photovoltaics Microinverters Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photovoltaics Microinverters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Photovoltaics Microinverters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Photovoltaics Microinverters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Photovoltaics Microinverters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Photovoltaics Microinverters Demand Share Forecast, 2019-2026
9. North America Photovoltaics Microinverters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Photovoltaics Microinverters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Photovoltaics Microinverters Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photovoltaics Microinverters Market Size and Volume Forecast by Type
9.7.1. Grid-Connected PV Microinverter
9.7.2. Grid-Off PV Microinverter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Photovoltaics Microinverters Demand Share Forecast, 2019-2026
10. Latin America Photovoltaics Microinverters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Photovoltaics Microinverters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Photovoltaics Microinverters Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photovoltaics Microinverters Market Size and Volume Forecast by Type
10.7.1. Grid-Connected PV Microinverter
10.7.2. Grid-Off PV Microinverter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Photovoltaics Microinverters Demand Share Forecast, 2019-2026
11. Europe Photovoltaics Microinverters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Photovoltaics Microinverters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Photovoltaics Microinverters Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photovoltaics Microinverters Market Size and Volume Forecast by Type
11.7.1. Grid-Connected PV Microinverter
11.7.2. Grid-Off PV Microinverter
11.8. Bsis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Photovoltaics Microinverters Demand Share, 2019-2026
12. Asia Pacific Photovoltaics Microinverters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Photovoltaics Microinverters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Photovoltaics Microinverters Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photovoltaics Microinverters Market Size and Volume Forecast by Type
12.7.1. Grid-Connected PV Microinverter
12.7.2. Grid-Off PV Microinverter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Photovoltaics Microinverters Demand Share, 2019-2026
13. Middle East & Africa Photovoltaics Microinverters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Photovoltaics Microinverters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Photovoltaics Microinverters Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photovoltaics Microinverters Market Size and Volume Forecast by Type
13.7.1. Grid-Connected PV Microinverter
13.7.2. Grid-Off PV Microinverter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Photovoltaics Microinverters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photovoltaics Microinverters Market: Market Share Analysis
14.2. Photovoltaics Microinverters Distributors and Customers
14.3. Photovoltaics Microinverters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Enphase Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SolarEdge Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SMA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SunPower
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Power-One
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sungrow
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AP System
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Samil Power
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
