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The global micro-inverter market is expected to grow from $1.93 billion in 2021 to $2.35 billion in 2022 at a compound annual growth rate (CAGR) of 21.9%. The global micro inverter market size is expected to grow to $5.45 billion in 2026 at a CAGR of 23.4%.

The increase in residential solar rooftop installations is expected to propel the growth of the micro inverter market.

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The micro-inverter market consists of sales of light gauge steel framing by entities (organizations, sole traders, and partnerships) that refer to a compact inverter that is attached to each solar module in an array to convert direct current (DC) electricity produced by solar panels into alternating current (AC) electricity. By distributing energy conversion to each module, solar power systems outperform traditional inverter systems in terms of productivity and reliability.

Global Micro-Inverter Market Segments Include:
By Type: Single Phase, Three Phase

By Offering: Hardware, Software and Services

By Power Rating: Below 250 W, Between 250 W and 500 W, Above 500 W

By Application: Residential, Commercial, PV Power Plant

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global micro-inverter market in 2021.

Technological innovations are shaping the micro-inverter market. The companies operating in the microinverter market are increasingly developing innovative products with advanced technologies such as remote performance monitoring, easy installation, and other features.

TBRC’s micro-inverter market report covers:

Major Market Players: Enphase Energy, AP Systems, Darfon Electronics Corporation, ReneSola, Chilicon Power, Sensata Technologies, P and P Energy Technology Co. Limited, Canadian Solar, SPARQ Systems, Loom Solar, and FIMER S.p.A.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Micro Inverter Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides micro-inverter market overviews, analyzes and forecasts market size, share, micro-inverter market players, micro-inverter market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s micro-inverter market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Portable Generators Global Market Report 2022

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Power Generation, Transmission And Control Equipment Global Market Report 2022

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