PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887012
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887012
Grid-Forming Micro-Inverter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of grid-forming micro-inverter Market
The global grid-forming micro-inverter market is expanding steadily due to surging solar power adoption, advancements in decentralized energy systems, and growing demand for reliable grid-supportive technologies. According to the latest industry insights, the global grid-forming micro-inverter market size was valued at USD 19.20 million in 2024. Supported by government incentives, increased focus on grid stability, and rapid solar deployment, the market is expected to grow to USD 20.25 million in 2025. By 2032, it is projected to reach USD 32.22 million, advancing at a CAGR of 6.86% during 2025-2032. Asia Pacific dominated the market with an impressive 58.43% share in 2024, driven by large-scale solar production and installation activities.
Grid-forming micro-inverters convert DC electricity from solar panels into AC power while autonomously regulating voltage and frequency. These features enable independent system operation during outages, intentional islanding, and enhanced grid resilience. Leading manufacturers such as Enphase Energy have introduced advanced models like the IQ8 series, designed for high-efficiency PV modules and rapid plug-and-play connectivity.
Market Dynamics
Drivers - Government Renewable Energy Incentives Strengthen Market Growth
Government-led clean energy policies, solar installation targets, and renewable power mandates are major forces fueling market expansion. The European Union's Renewable Energy Directive requires 42.5% renewable energy in the energy mix by 2030, accelerating demand for smart inverters capable of grid stabilization. Countries across Asia Pacific, North America, and Europe are introducing tax incentives, performance-based rebates, and grid modernization programs, strengthening adoption of grid-forming micro-inverters in both residential and commercial solar systems.
Restraints - Technical Complexity and Limited Application Scope
Despite growing demand, the market faces limitations due to the technical complexity of micro-inverters. These devices must actively regulate frequency and voltage, making them more advanced-and costlier-than conventional grid-following models. Compatibility issues with older infrastructure and the limited applicability of grid-forming micro-inverters primarily to solar PV systems (unlike string or central inverters used across wind and storage applications) may restrain adoption.
Opportunities - Rapid Expansion of Global Solar Installations
Global solar capacity is growing at its fastest pace, driven by falling PV costs and rising consumer adoption. Commercial, industrial, and residential sectors across Asia Pacific, Europe, and North America are increasingly investing in rooftop solar installations. As a result, the demand for micro-inverters-especially grid-forming models that enhance reliability and maximize energy output-is expected to rise significantly through 2032.
Market Trends
Growing Focus on Grid Stability and Resilience
As energy systems become more decentralized, grid-forming micro-inverters are gaining traction for their ability to support grid resilience, establish local grids, and autonomously restart after outages. These devices also enable intentional islanding, making them ideal for microgrids, critical infrastructure, and disaster-prone areas where uninterrupted energy supply is essential.
Segmentation Analysis
By Application
Commercial Solar Installations - Dominant Market Segment
Commercial installations held the largest market share in 2024, driven by rising adoption of solar solutions across commercial buildings, warehouses, educational institutions, and industrial facilities. The need for high-efficiency, grid-supportive inverters is accelerating demand in this segment.
Residential Solar Installations - Fastest Growth
Residential systems are growing rapidly as homeowners seek energy independence, improved rooftop solar performance, and greater resilience during outages. Enhanced efficiency and plug-and-play features make micro-inverters highly attractive for residential solar users.
Regional Outlook
Asia Pacific - The Leading Region
Asia Pacific led the global market with USD 11.22 million in 2024, supported by extensive solar manufacturing and installation activities in China and India. China alone holds 887 GW of installed solar capacity-the highest worldwide. India follows with 100.33 GW of installed solar capacity as of January 2025. High solar penetration continues to drive micro-inverter adoption in the region.
North America
North America is witnessing strong growth due to rising residential solar installations and government incentives. The U.S. market benefits from growing consumer interest in clean energy, technological advancements, and federal/state-level tax incentives.
Europe
Europe's expansion is supported by its energy transition efforts, declining PV prices, and widespread adoption of rooftop solar installations. Energy security pressures post-2022 have significantly accelerated solar deployment.
Latin America
Mexico and Brazil are the key contributors. Brazil's solar capacity reached 52 GW, boosting demand for micro-inverters across residential and commercial applications.
Middle East & Africa
Saudi Arabia's Vision 2030 initiative targets 50% renewable energy, including 40 GW of solar PV, making the region a fast-growing market for grid-forming micro-inverters.
Conclusion
With market value rising from USD 19.20 million in 2024 to USD 32.22 million by 2032, grid-forming micro-inverters are rapidly gaining significance in global solar infrastructure. Their ability to stabilize grids, support microgrids, and enhance solar reliability positions them as a vital technology for the next generation of renewable power systems.
By Application
- Residential Solar Installations
- Commercial Solar Installations
By Geography
- North America (By Application and Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Application and Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Spain (By Application)
- Italy (By Application)
- Russia (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Application and Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- Australia (By Application)
- Southeast Asia (By Application)
- Rest of Asia Pacific (By Application)
- Latin America (By Application and Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- Middle East & Africa (By Application and Country)
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa (By Application)
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends - For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight on Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of Tariffs on the Global Grid-Forming Micro-Inverter Market
5. Global Grid-Forming Micro-Inverter Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings
- 5.2. Market Analysis, Insights, and Forecast - By Application
- 5.2.1. Residential Solar Installations
- 5.2.2. Commercial Solar Installations
- 5.3. Market Analysis, Insights, and Forecast - By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. Middle East and Africa
6. North America Grid-Forming Micro-Inverter Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 6.1. Key Findings
- 6.2. Market Analysis, Insights, and Forecast - By Application
- 6.2.1. Residential Solar Installations
- 6.2.2. Commercial Solar Installations
- 6.3. Market Analysis, Insights, and Forecast - By Country
- 6.3.1. U.S. Market Analysis, Insights, and Forecast -By Application
- 6.3.1.1. Residential Solar Installations
- 6.3.1.2. Commercial Solar Installations
- 6.3.2. Canada Market Analysis, Insights, and Forecast - By Application
- 6.3.2.1. Residential Solar Installations
- 6.3.2.2. Commercial Solar Installations
- 6.3.1. U.S. Market Analysis, Insights, and Forecast -By Application
7. Europe Grid-Forming Micro-Inverter Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 7.1. Key Findings
- 7.2. Market Analysis, Insights, and Forecast - By Application
- 7.2.1. Residential Solar Installations
- 7.2.2. Commercial Solar Installations
- 7.3. Market Analysis, Insights, and Forecast - By Country
- 7.3.1. UK Market Analysis, Insights, and Forecast - By Application
- 7.3.1.1. Residential Solar Installations
- 7.3.1.2. Commercial Solar Installations
- 7.3.2. Germany Market Analysis, Insights, and Forecast - By Application
- 7.3.2.1. Residential Solar Installations
- 7.3.2.2. Commercial Solar Installations
- 7.3.3. France Market Analysis, Insights, and Forecast - By Application
- 7.3.3.1. Residential Solar Installations
- 7.3.3.2. Commercial Solar Installations
- 7.3.4. Italy Market Analysis, Insights, and Forecast - By Application
- 7.3.4.1. Residential Solar Installations
- 7.3.4.2. Commercial Solar Installations
- 7.3.5. Spain Market Analysis, Insights, and Forecast - By Application
- 7.3.5.1. Residential Solar Installations
- 7.3.5.2. Commercial Solar Installations
- 7.3.6. Russia Market Analysis, Insights, and Forecast - By Application
- 7.3.6.1. Residential Solar Installations
- 7.3.6.2. Commercial Solar Installations
- 7.3.7. Rest of Europe Market Analysis, Insights, and Forecast - By Application
- 7.3.7.1. Residential Solar Installations
- 7.3.7.2. Commercial Solar Installations
- 7.3.1. UK Market Analysis, Insights, and Forecast - By Application
8. Asia Pacific Grid-Forming Micro-Inverter Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 8.1. Key Findings
- 8.2. Market Analysis, Insights, and Forecast - By Application
- 8.2.1. Residential Solar Installations
- 8.2.2. Commercial Solar Installations
- 8.3. Market Analysis, Insights, and Forecast - By Country
- 8.3.1. China Market Analysis, Insights, and Forecast - By Application
- 8.3.1.1. Residential Solar Installations
- 8.3.1.2. Commercial Solar Installations
- 8.3.2. Japan Market Analysis, Insights, and Forecast - By Application
- 8.3.2.1. Residential Solar Installations
- 8.3.2.2. Commercial Solar Installations
- 8.3.3. India Market Analysis, Insights, and Forecast - By Application
- 8.3.3.1. Residential Solar Installations
- 8.3.3.2. Commercial Solar Installations
- 8.3.4. Australia Market Analysis, Insights, and Forecast - By Application
- 8.3.4.1. Residential Solar Installations
- 8.3.4.2. Commercial Solar Installations
- 8.3.5. Southeast Asia Market Analysis, Insights, and Forecast - By Application
- 8.3.5.1. Residential Solar Installations
- 8.3.5.2. Commercial Solar Installations
- 8.3.6. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By Application
- 8.3.6.1. Residential Solar Installations
- 8.3.6.2. Commercial Solar Installations
- 8.3.1. China Market Analysis, Insights, and Forecast - By Application
9. Latin America Grid-Forming Micro-Inverter Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 9.1. Key Findings
- 9.2. Market Analysis, Insights, and Forecast - By Application
- 9.2.1. Residential Solar Installations
- 9.2.2. Commercial Solar Installations
- 9.3. Market Analysis, Insights, and Forecast - By Country
- 9.3.1. Brazil Market Analysis, Insights, and Forecast - By Application
- 9.3.1.1. Residential Solar Installations
- 9.3.1.2. Commercial Solar Installations
- 9.3.2. Mexico Market Analysis, Insights, and Forecast - By Application
- 9.3.2.1. Residential Solar Installations
- 9.3.2.2. Commercial Solar Installations
- 9.3.3. Rest of Latin America Market Analysis, Insights, and Forecast - By Application
- 9.3.3.1. Residential Solar Installations
- 9.3.3.2. Commercial Solar Installations
- 9.3.1. Brazil Market Analysis, Insights, and Forecast - By Application
10. Middle East and Africa Grid-Forming Micro-Inverter Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 10.1. Key Findings
- 10.2. Market Analysis, Insights, and Forecast - By Application
- 10.2.1. Residential Solar Installations
- 10.2.2. Commercial Solar Installations
- 10.3. Market Analysis, Insights, and Forecast - By Country
- 10.3.1. GCC Market Analysis, Insights, and Forecast - By Application
- 10.3.1.1. Residential Solar Installations
- 10.3.1.2. Commercial Solar Installations
- 10.3.2. South Africa Market Analysis, Insights, and Forecast - By Application
- 10.3.2.1. Residential Solar Installations
- 10.3.2.2. Commercial Solar Installations
- 10.3.3. Rest of Middle East & Africa Market Analysis, Insights, and Forecast - By Application
- 10.3.3.1. Residential Solar Installations
- 10.3.3.2. Commercial Solar Installations
- 10.3.1. GCC Market Analysis, Insights, and Forecast - By Application
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2024
- 11.2. Company Profile
- 11.2.1. Infineon Technologies AG
- 11.2.1.1. Business Overview
- 11.2.1.2. Function and Service Offerings
- 11.2.1.3. Recent Developments
- 11.2.1.4. Financials (Based on Availability)
- 11.2.2. SUNGROW
- 11.2.2.1. Business Overview
- 11.2.2.2. Function and Service Offerings
- 11.2.2.3. Recent Developments
- 11.2.2.4. Financials (Based on Availability)
- 11.2.3. Sparq Systems
- 11.2.3.1. Business Overview
- 11.2.3.2. Function and Service Offerings
- 11.2.3.3. Recent Developments
- 11.2.3.4. Financials (Based on Availability)
- 11.2.4. Enphase Energy
- 11.2.4.1. Business Overview
- 11.2.4.2. Function and Service Offerings
- 11.2.4.3. Recent Developments
- 11.2.4.4. Financials (Based on Availability)
- 11.2.5. Hoymiles Power Electronics Inc.
- 11.2.5.1. Business Overview
- 11.2.5.2. Function and Service Offerings
- 11.2.5.3. Recent Developments
- 11.2.5.4. Financials (Based on Availability)
- 11.2.6. SMA Solar Technology AG
- 11.2.6.1. Business Overview
- 11.2.6.2. Function and Service Offerings
- 11.2.6.3. Recent Developments
- 11.2.6.4. Financials (Based on Availability)
- 11.2.7. Benyi New Energy Co, Ltd.
- 11.2.7.1. Business Overview
- 11.2.7.2. Function and Service Offerings
- 11.2.7.3. Recent Developments
- 11.2.7.4. Financials (Based on Availability)
- 11.2.8. Altenergy Power System Inc.
- 11.2.8.1. Business Overview
- 11.2.8.2. Function and Service Offerings
- 11.2.8.3. Recent Developments
- 11.2.8.4. Financials (Based on Availability)
- 11.2.9. Chilicon Power, LLC.
- 11.2.9.1. Business Overview
- 11.2.9.2. Function and Service Offerings
- 11.2.9.3. Recent Developments
- 11.2.9.4. Financials (Based on Availability)
- 11.2.1. Infineon Technologies AG
List of Tables
- Table 1: Global Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 2: Global Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, By Region, 2019-2032
- Table 3: North America Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 4: North America Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, By Country, 2019-2032
- Table 5: U.S. Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, By Application, 2019-2032
- Table 6: Canada Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, By Application, 2019-2032
- Table 7: Europe Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 8: Europe Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, By Country, 2019-2032
- Table 9: U.K. Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 10: Germany Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 11: France Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 12: Italy Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 13: Spain Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 14: Russia Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 15: Rest of Europe Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 16: Asia Pacific Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 17: Asia Pacific Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, By Country, 2019-2032
- Table 18: China Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 19: India Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 20: Japan Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 21: Australia Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 22: Southeast Asia Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 23: Rest of Asia Pacific Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 24: Latin America Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 25: Latin America Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, By Country, 2019-2032
- Table 26: Brazil Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 27: Mexico Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 28: Rest of Latin America Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 29: Middle East & Africa Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 30: Middle East & Africa Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, By Country, 2019-2032
- Table 31: GCC Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 32: South Africa Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
- Table 33: Rest of Middle East & Africa Grid-Forming Micro-Inverter Market Revenue (USD Million) Forecast, by Application, 2019-2032
List of Figures
- Figure 1: Global Grid-Forming Micro-Inverter Market Revenue Breakdown (USD Million, %), by Region, 2024 & 2032
- Figure 2: Global Grid-Forming Micro-Inverter Market Value Share (%), By Application, 2024 & 2032
- Figure 3: Global Grid-Forming Micro-Inverter Market Forecast (USD Million), by Residential Solar Installations, 2019-2032
- Figure 4: Global Grid-Forming Micro-Inverter Market Forecast (USD Million), by Commercial Solar Installations, 2019-2032
- Figure 5: Global Grid-Forming Micro-Inverter Market Value (USD Million), by Region, 2024 & 2032
- Figure 6: Global Grid-Forming Micro-Inverter Market Value Share (%), by Region, 2024
- Figure 7: North America Grid-Forming Micro-Inverter Market Value Share (%), By Application, 2024 & 2032
- Figure 8: North America Grid-Forming Micro-Inverter Market Forecast (USD Million), by Residential Solar Installations, 2019-2032
- Figure 9: North America Grid-Forming Micro-Inverter Market Forecast (USD Million), by Commercial Solar Installations, 2019-2032
- Figure 10: North America Grid-Forming Micro-Inverter Market Value (USD Million), by Country, 2024 & 2032
- Figure 11: North America Grid-Forming Micro-Inverter Market Value Share (%), by Country, 2024
- Figure 12: Europe Grid-Forming Micro-Inverter Market Value Share (%), By Application, 2024 & 2032
- Figure 13: Europe Grid-Forming Micro-Inverter Market Forecast (USD Million), by Residential Solar Installations, 2019-2032
- Figure 14: Europe Grid-Forming Micro-Inverter Market Forecast (USD Million), by Commercial Solar Installations, 2019-2032
- Figure 15: Europe Grid-Forming Micro-Inverter Market Value (USD Million), by Country, 2024 & 2032
- Figure 16: Europe Grid-Forming Micro-Inverter Market Value Share (%), by Country, 2024
- Figure 17: Asia Pacific Grid-Forming Micro-Inverter Market Value Share (%), By Application, 2024 & 2032
- Figure 18: Asia Pacific Grid-Forming Micro-Inverter Market Forecast (USD Million), by Residential Solar Installations, 2019-2032
- Figure 19: Asia Pacific Grid-Forming Micro-Inverter Market Forecast (USD Million), by Commercial Solar Installations, 2019-2032
- Figure 20: Asia Pacific Grid-Forming Micro-Inverter Market Value (USD Million), by Country, 2024 & 2032
- Figure 21: Asia Pacific Grid-Forming Micro-Inverter Market Value Share (%), by Country, 2024
- Figure 22: Latin America Grid-Forming Micro-Inverter Market Value Share (%), By Application, 2024 & 2032
- Figure 23: Latin America Grid-Forming Micro-Inverter Market Forecast (USD Million), by Residential Solar Installations, 2019-2032
- Figure 24: Latin America Grid-Forming Micro-Inverter Market Forecast (USD Million), by Commercial Solar Installations, 2019-2032
- Figure 25: Latin America Grid-Forming Micro-Inverter Market Value (USD Million), by Country, 2024 & 2032
- Figure 26: Latin America Grid-Forming Micro-Inverter Market Value Share (%), by Country, 2024
- Figure 27: Middle East & Africa Grid-Forming Micro-Inverter Market Value Share (%), By Application, 2024 & 2032
- Figure 28: Middle East & Africa Grid-Forming Micro-Inverter Market Forecast (USD Million), by Residential Solar Installations, 2019-2032
- Figure 29: Middle East & Africa Grid-Forming Micro-Inverter Market Forecast (USD Million), by Commercial Solar Installations, 2019-2032
- Figure 30: Middle East & Africa Grid-Forming Micro-Inverter Market Value (USD Million), by Country, 2024 & 2032
- Figure 31: Middle East & Africa Grid-Forming Micro-Inverter Market Value Share (%), by Country, 2024
- Figure 32: Company Market Share Analysis (%), 2024
