PUBLISHER: BCC Research | PRODUCT CODE: 1127094
PUBLISHER: BCC Research | PRODUCT CODE: 1127094
The global market for microinverters is estimated to increase from $3.7 billion in 2022 to reach $8.1 billion by 2027, at a compound annual growth rate (CAGR) of 17.3% from 2022 through 2027.
North American market for microinverters is estimated to increase from $1.5 billion in 2022 to reach $3.4 billion by 2027, at a CAGR of 17.8% from 2022 through 2027.
Asia-Pacific market for microinverters is estimated to increase from $906.6 million in 2022 to reach $2.1 billion by 2027, at a CAGR of 18.7% from 2022 through 2027.
In this report, the market has been segmented based on phase type, connectivity, capacity, end user, and geography. The report provides an overview of the global microinverter market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period of 2022 through 2027. Market values have been estimated based on the total revenue of microinverter providers.
The report covers the market for microinverters with regard to the end-user base across different regions. It also highlights major trends and challenges that can affect the market and the vendor landscape. The report estimates the global market for microinverters in 2021 and provides projections for the expected market size through 2027.
The scope of the study includes microinverters phase type, connectivity, capacity, and end user. However, utility-scale applications have been excluded from the study.