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PUBLISHER: Grand View Research | PRODUCT CODE: 1772432
PUBLISHER: Grand View Research | PRODUCT CODE: 1772432
Micro Inverter Market Size, Share & Trends Analysis Report By Type (Single-Phase, Three-Phase), By Application (Residential, Commercial), By Region (North America, Europe, Asia Pacific, CSA, MEA), And Segment Forecasts, 2025 - 2030
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Micro Inverter Market Growth & Trends:
The global micro inverter market is anticipated to reach USD 17.34 billion by 2030 and is projected to expand at a CAGR of 24.58% during the forecast period, according to a new report by Grand View Research, Inc. The growing adoption of distributed energy systems and the increasing demand for efficient, reliable, and safer solar power conversion solutions fuel market growth. Unlike traditional string inverters, micro inverters operate at the individual panel level, enhancing energy harvest, reducing the impact of shading or panel mismatch, and providing panel-level monitoring, making them especially popular in residential and small commercial solar installations.
The global shift toward clean energy and decarbonization is pushing the demand for rooftop solar systems, where micro inverters are widely preferred for their plug-and-play capability, scalability, and improved safety profile due to low DC voltage. Innovations in power electronics, advanced grid connectivity features, and integration with energy storage systems further boost micro inverters' functionality and appeal. As governments across regions roll out tax incentives and solar subsidies to meet climate goals, microinverters are becoming increasingly cost-competitive and accessible for homeowners and small businesses. In addition, the rise in smart home integration and energy management systems fosters demand for micro inverters that seamlessly communicate with IoT-based monitoring platforms and enable real-time performance tracking.
Energy-as-a-Service (EaaS) and leasing models are also lowering the barrier to adoption, particularly in price-sensitive markets. However, the market still faces challenges, including higher upfront costs than string inverters and technical complexities in large-scale installations. Nonetheless, ongoing R&D efforts, declining hardware costs, and growing solar deployment in regions with variable sunlight conditions are expected to sustain demand. North America and Europe are leading in adoption due to favorable regulatory frameworks and strong residential solar uptake. Asia Pacific is emerging as a high-growth region driven by rapid urbanization, supportive policy measures, and expanding solar capacity across China, India, and Southeast Asia.
Micro Inverter Market Report Highlights:
- Based on type, the Single-Phase segment dominated with a market share of 39.21% in 2024 due to its widespread adoption in residential solar installations. These inverters offer panel-level optimization, improved energy efficiency, and compatibility with standard household electrical systems, making them a preferred choice for homeowners. Their ability to mitigate shading and mismatch issues, simplified installation, and lower upfront costs enhance their appeal in the growing rooftop solar segment. As residential solar adoption continues to rise globally, driven by environmental concerns and supportive policies, the demand for single-phase micro inverters will remain strong, reinforcing their leading position in the market.
- Based on application, the commercial segment is anticipated to register the fastest CAGR of 30.53% over the forecast period due to increasing investments in solar energy by businesses aiming to reduce energy costs and meet sustainability goals. Commercial micro inverter systems offer enhanced energy optimization, scalability, and improved system reliability, which are critical for larger rooftops and varied load demands.
- North America is the dominant region in the market, with a revenue share of over 37.74% in 2024, driven by the growing demand for energy resilience and reliable power supply amid frequent outages caused by extreme weather events and aging grid infrastructure. The region's strong adoption of residential and commercial solar installations, supported by favorable government policies, tax incentives, and increasing environmental awareness, further fuels market growth.
- Key industry participants include Enphase, Darfon Electronics Corporation, Deye Inverter, Sparq Systems, Fimer Group, Solis Solar, and Tata Power Solar.
Product Code: GVR-4-68040-609-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Micro Inverter Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Micro Inverter Market: Type Estimates & Trend Analysis
- 4.1. Micro Inverter Market: Type Movement Analysis, 2024 & 2030
- 4.2. Single-Phase
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Three-Phase
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Others
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Micro Inverter Market: Application Estimates & Trend Analysis
- 5.1. Micro Inverter Market: Application Movement Analysis, 2024 & 2030
- 5.2. Residential
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Commercial
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Others
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Micro Inverter Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.5. Spain
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.6. UK
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.7. France
- 6.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.7.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.8. Russia
- 6.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.8.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.8.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.9. Italy
- 6.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.9.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.9.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.7. Australia
- 6.4.7.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.5. Argentina
- 6.5.5.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.5.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.5. South Africa
- 6.6.5.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.6. UAE
- 6.6.6.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of equipment suppliers
- 7.4.2. List of distributors
- 7.5. List of prospective end-users
- 7.6. Strategy Initiatives by Typers
- 7.7. Company Profiles/Listing
- 7.7.1. Deye Inverter
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. Darfon Electronics Corporation
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. Enphase
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. Fimer Group
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. Fenice Energy
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. Sparq Systems
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. Sensol
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Statcon Energiaa
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.9. SunEvo Solar
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.10. Solis Solar
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.11. Tata Power Solar
- 7.7.11.1. Company Overview
- 7.7.11.2. Financial Performance
- 7.7.11.3. Product Benchmarking
- 7.7.1. Deye Inverter
Product Code: GVR-4-68040-609-4
List of Tables
- Table 1 Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 2 Micro Inverter market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- Table 3 Micro Inverter market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 4 North America Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 5 North America Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 6 North America Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 7 U.S. Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 8 U.S. Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 9 U.S. Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 10 Canada Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 11 Canada Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 12 Canada Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 13 Mexico Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 14 Mexico Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 15 Mexico Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 16 Europe Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 17 Europe Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 18 Europe Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 19 Germany Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 20 Germany Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 21 Germany Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 22 UK Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 23 UK Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 24 UK Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 25 Spain Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 26 Spain Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 27 Spain Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 28 France Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 29 France Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 30 France Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 31 Russia Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 32 Russia Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 33 Russia Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 34 Italy Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 35 Italy Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 36 Italy Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 37 Asia Pacific Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 38 Asia Pacific Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 39 Asia Pacific Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 40 China Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 41 China Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 42 China Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 43 India Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 44 India Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 45 India Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 46 Japan Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 47 Japan Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 48 Japan Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 49 Australia Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 50 Australia Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 51 Australia Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 52 Latin America Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 53 Latin America Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 54 Latin America Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 55 Brazil Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 56 Brazil Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 57 Brazil Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 58 Argentina Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 59 Argentina Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 60 Argentina Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 61 Middle East & Africa Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 62 Middle East & Africa Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 63 Middle East & Africa Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 64 Saudi Arabia Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 65 Saudi Arabia Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 66 Saudi Arabia Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 67 South Africa Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 68 South Africa Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 69 South Africa Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 70 UAE Micro Inverter market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 71 UAE Micro Inverter market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 72 UAE Micro Inverter market estimates & forecasts, by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook
- Fig. 7 Competitive outlook
- Fig. 8 Micro Inverter market outlook, 2018 - 2030 (USD Million)
- Fig. 9 Value chain analysis
- Fig. 10 Market dynamics
- Fig. 11 Porter's analysis
- Fig. 12 PESTEL analysis
- Fig. 13 Micro Inverter market, by type: Key takeaways
- Fig. 14 Micro Inverter market, by type: Market share, 2024 & 2030
- Fig. 15 Micro Inverter market, by application: Key takeaways
- Fig. 16 Micro Inverter market, by application: Market share, 2024 & 2030
- Fig. 17 Micro Inverter market: regional analysis, 2024
- Fig. 18 Micro Inverter market, by region: Key takeaways
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