Single-In Microinverter Market Report: Trends, Forecast and Competitive Analysis to 2030

Single-In Microinverter Trends and Forecast

The future of the global single-in microinverter market looks promising with opportunities in the residential, commercial, and PV power plant markets. The global single-in microinverter market is expected to reach an estimated $2.3 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are rising adoption of solar energy, increasing energy prices, and high demand of consumers for modularity, safety, and maximum energy harvest.

A more than 150-page report is developed to help in your business decisions.

Single-In Microinverter by Segment

The study includes a forecast for the global single-in microinverter by type, application, and region.

Single-In Microinverter Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Single-Port Microinverter
• Dual-Port Microinverter

Single-In Microinverter Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• PV Power Plant
• Others

Single-In Microinverter Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Single-In Microinverter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies single-in microinverter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the single-in microinverter companies profiled in this report include-

• Enphase Energy
• Solaredge Technologies
• SMA Solar Technology
• SunPower Corporation
• Tigo Energy
• Apsystems
• Hoymiles Power Electronics
• Chilicon Power
• Growatt Energy Technology
• Huawei

Single-In Microinverter Market Insights

Lucintel forecasts that single-port is expected to witness highest growth over the forecast period because of its cost-effective option for a wide range of solar applications.

APAC is expected to witness highest growth over the forecast period due to growth in residential rooftop solar PV installations in India and Japan.

Features of the Global Single-In Microinverter Market

Market Size Estimates: Single-in microinverter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Single-in microinverter market size by type, application, and region in terms of value ($B).

Regional Analysis: Single-in microinverter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the single-in microinverter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the single-in microinverter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the single-in microinverter market size?

Answer: The global single-in microinverter market is expected to reach an estimated $2.3 billion by 2030.

Q.2 What is the growth forecast for single-in microinverter market?

Answer: The global single-in microinverter market is expected to grow with a CAGR of 10.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the single-in microinverter market?

Answer: The major drivers for this market are rising adoption of solar energy, increasing energy prices, and high demand of consumers for modularity, safety, and maximum energy harvest.

Q4. What are the major segments for single-in microinverter market?

Answer: The future of the global single-in microinverter market looks promising with opportunities in the residential, commercial, and PV power plant markets.

Q5. Who are the key single-in microinverter market companies?

Answer: Some of the key single-in microinverter companies are as follows:

• Enphase Energy
• Solaredge Technologies
• SMA Solar Technology
• SunPower Corporation
• Tigo Energy
• Apsystems
• Hoymiles Power Electronics
• Chilicon Power
• Growatt Energy Technology
• Huawei

Q6. Which single-in microinverter market segment will be the largest in future?

Answer: Lucintel forecasts that single-port is expected to witness highest growth over the forecast period because of its cost-effective option for a wide range of solar applications.

Q7. In single-in microinverter market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growth in residential rooftop solar PV installations in India and Japan.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the single-in microinverter market by type (single-port microinverter and dual-port microinverter), application (residential, commercial, PV power plant, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?