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Market Research Report

Global Micro-Inverter Market - 2018 - 2025

Published by DataM Intelligence Product code 750841
Published Content info 130-180 Pages
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Global Micro-Inverter Market - 2018 - 2025
Published: November 1, 2018 Content info: 130-180 Pages

The Global Micro-Inverter Market was valued at USD xx million in 2017 and is estimated to reach USD xx million by 2025, with a CAGR of xx% during the forecast period from 2018 to 2025.

A micro-inverter is a very small electronic device used in solar cells to convert direct cur-rent (DC) to alternating current (AC). Micro-inverters convert the DC of the modules into AC just as conventionally recognizable inverters do and provide maximum power point tracking. The output AC from all the solar modules in an array are collectively added to the main electrical circuit which is driven by AC. A photovoltaic cell system is comprised of many sin-gle solar panels which combine to form a photovoltaic cell. Each module or panel has it's micro-inverter performing the duty of converting the current. A micro-inverter is different from a conventional inverter because of its size and number in which they are present in one photovoltaic system. Micro-inverters are installed on the roof under or next to a module and usually serve one single module at a time.

Market Dynamics:

The key advantage of micro-inverters over other alternatives such as string inverter is that each solar panel is monitored and optimized individually to generate maximum power. So-lar panels can generate different amounts of power due to many reasons such as shading, dirt, and mismatch which is explained in more detail below. In a standard string installation, the panels are linked together in series, and the power output of the entire string can be significantly reduced by a single poor performing, shaded or dirty panel. A major advantage of micro-inverter over string inverter is the ability to locate panels on multiple sections of a complex roof layout with different orientations and tilt angles. Unlike string inverters, mi-cro-inverters are not restricted to panel placement in one or two different orientations. Use of micro-inverter yields more solar electricity.

Micro-inverters are crucial for panels facing multiple orientations or panels which have shading issues. Such issues mainly occur in residential settings. As the penetration of solar panels for residential use increases, Micro-inverters will see a boost in demand.

Micro-inverters are a little more expensive to install as instead of only one central inverter - alternatives like Power optimizers which perform the similar function such as improving performance for solar panels on complicated roofs, or roofs that experience marginal shad-ing during the day. Cost concerns limit the expansion of the Micro-inverters market. Tech-nological improvements are expected to lead to more competitive prices micro-inverters.

Segment Analysis:

Global Micro-inverters market is segmented by Type, Component, Communication Technol-ogy, Sales Channel and application. By Type, the market is segmented into Single phase and three phase micro-inverter. Throughout North America, homes are powered by 120-volt single-phase electricity. Hence single phase micro-inverters accounted for largest share of the market. By component, the market is divided into Hardware, Software, and Services. Hardware segment accounted for the largest market share. By Communication Technology, the market is divided into Wired & Wireless. Majority of the micro-inverters in the market are based on Power Line Communication (PLC) Technology hence wired segment accounted for the major share of the market. By Sales channel, the market is segmented into direct & indirect. The direct segment accounted for a major share of sales since major companies have well-established sales networks and provide their products worldwide.

By application, Micro-inverters market is divided into Residential, Commercial, and Solar Power Plant. Micro-inverters have been most successful in the residential market, where limited space for panels constrains array size, and shading from nearby trees or other ob-jects is often an issue. Residential segment accounted for most of the market share. Micro-inverters are not economically viable option for solar power plant hence solar power plant segment has the smallest market share. Residential segment is also expected to grow at the fastest rate due to rising number of residential solar panels.

Title: Global Micro-Inverter Market Share 2017 (By Application)

Residential 72

Commercial 26

Solar Power Plant 2

Geographical Analysis:

By region, Global Micro-Inverter market is segmented into North America, South America, Asia-pacific, Europe, and Rest of the world. North America accounted for largest share of the market due to massive use of solar panels for residential use. The US is the second larg-est producer of solar energy. The US & Canada also have a large number of solar technolo-gy companies which have contributed to the greater adoption of micro-inverter in the re-gion.

Although China, India are among the largest solar energy producing countries in the world. But, the significant share of that energy comes from massive solar power plants in the re-gion which do not use micro-inverters hence Asia-pacific accounted for a relatively smaller share of the Micro-inverter market. Asia-pacific was the second largest market for micro-inverter. Asia-pacific is expected to be the fastest growing region due to rising adoption of solar panels for residential purposes.

Title: Global Micro-Inverter market 2017 (by region)

North America 40

South America 9

Asia-pacific 22

Europe 20

Rest of the world 9

Key Players:

Some of the crucial players in the Global Micro-Inverter Market are Enphase Energy, ABB, Siemens, Infineon Technologies, Canadian Solar, Chilicon Power, SolarEdge Technologies, Altenergy Power System, Darfon Electronics, Renesola, SMA Solar Technology, and Envertech.

The major players in the Micro-Inverter Market are forming partnerships to improve the technology of micro-inverters. In Oct 2018, Enphase Energy and LONGi Solar announced a strategic partnership to develop Enphase Energized™ LONGi Solar AC Modules (ACMs) based on seventh-generation Enphase IQ™ microinverters. In Feb 2018, Panasonic Corpora-tion of North America announced a strategic partnership with Enphase Energy, the world's leading supplier of solar micro-inverters, for the development of high-efficiency AC mod-ules.

Why purchase the report?

  • Visualize the composition of the Micro-Inverter Market across each indication, in terms of type, component, communication technology, sales channel, application highlighting the key commercial assets and players.
  • Identify commercial opportunities in the Micro-Inverter Market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the Micro-Inverter Market level 4/5 segmentation
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Product mapping in excel for the key Micro-Inverter Market products of all major market players

Target Audience

  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

1. Global Micro-Inverter Market - Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. The scope of the Report

2. Global Micro-Inverter Market - Trends

  • 2.1. Key Trends & Developments

3. Global Micro-Inverter Market - Industry Analysis

  • 3.1. Industry Impact Factors (Drivers & Restraints)
  • 3.2. Competitive Intensity- Porter 5 Forces
  • 3.3. Patent Analysis

4. Global Micro-Inverter Market - By Type

  • 4.1. Single Phase
  • 4.2. Three Phase

5. Global Micro-Inverter Market - By Component

  • 5.1. Hardware
  • 5.2. Software
  • 5.3. Services

6. Global Micro-Inverter Market - By Communication Technology

  • 6.1. Wired
  • 6.2. Wireless

7. Global Micro-Inverter Market - By Sales Channel

  • 7.1. Direct
  • 7.2. Indirect

8. Global Micro-Inverter Market - By Application

  • 8.1. Residential
  • 8.2. Commercial
  • 8.3. Solar Power Plant

9. Global Micro-Inverter Market - By Geography

  • 9.1. North America
    • 9.1.1. The US
    • 9.1.2. Canada
    • 9.1.3. Mexico
  • 9.2. South America
    • 9.2.1. Brazil
    • 9.2.2. Argentina
    • 9.2.3. Rest of South America
  • 9.3. Europe
    • 9.3.1. Germany
    • 9.3.2. United Kingdom
    • 9.3.3. France
    • 9.3.4. Italy
    • 9.3.5. Rest of Europe
  • 9.4. Asia-Pacific
    • 9.4.1. China
    • 9.4.2. Japan
    • 9.4.3. South Korea
    • 9.4.4. India
    • 9.4.5. Australia
    • 9.4.6. Rest of Asia-Pacific
  • 9.5. Rest of the World

10. Global Micro-Inverter Market - Competitive Landscape

  • 10.1. Market Share/Rank Analysis
  • 10.2. Key Strategies adopted by Manufacturers
  • 10.3. Product Benchmarking

11. Global Micro-Inverter Market - Company Profiles

  • 11.1. Enphase Energy
  • 11.2. ABB
  • 11.3. Siemens
  • 11.4. Infineon Technologies
  • 11.5. Canadian Solar
  • 11.6. Chilicon Power
  • 11.7. SolarEdge Technologies
  • 11.8. Altenergy Power System
  • 11.9. Darfon Electronics
  • 11.10. Renesola
  • 11.11. SMA Solar Technology
  • 11.12. Envertech

Note: Additional company profiles will be included on client request.

12. Global Micro-Inverter Market - Appendix

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