Micro Inverter Market Growth, Size, Trends Analysis - By Phase, By Application, By Connectivity - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

"Micro Inverter Market Introduction and Overview

According to SPER market research, 'Global Micro Inverter Market Size- By Phase, By Application, By Connectivity - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Micro Inverter Market is predicted to reach 43.16 billion by 2034 with a CAGR of 24.38%.

Micro inverter is a tiny, sophisticated power conversion component used in solar photovoltaic (PV) systems. It transforms a single solar panel's direct current (DC) electricity into alternating current (AC), which is compatible with both the utility grid and domestic appliances. Micro inverters are mounted on individual solar panels as opposed to conventional string inverters, which control several panels simultaneously.

Restraints: Growth in the micro inverter market is impacted by a number of hurdles. One significant obstacle is that, in comparison to standard string inverters, they are more expensive initially, which deters cost-conscious buyers from adopting them on a broad scale. Complex installation procedures and more upkeep because of several inverters might further increase the total cost of the system. Another difficulty is the competition from newer inverter technologies that provide comparable advantages at less prices, including power optimizers.

Scope of the Report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Phase, By Application, By Connectivity.

Regions covered

North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.

Companies Covered AEconversion GmbH & Co., Altenergy Power System, Inc., Chilicon Power LLC, Chisageess, Darfon Electronics Corp., Dongguan Kaideng Energy Technology Co., Ltd., Dongguan Maywah Co., Ltd., Enphase Energy, Fimer Group, Growatt New Energy.

Micro Inverter Market Segmentation:

By Phase: Based on the Phase, Global Micro Inverter Market is segmented as; Single phase, three phase.

By Application: Based on the Application, Global Micro Inverter Market is segmented as; Residential, Commercial.

By Connectivity: Based on the Connectivity, Global Micro Inverter Market is segmented as; Stand Alone, On Grid.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Product Code: POAE2513

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Micro Inverter Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Micro Inverter Market

7. Global Micro Inverter Market, By Phase 2021-2034 (USD Million)

7.1. Single phase
7.2. Three phase

8. Global Micro Inverter Market, By Application 2021-2034 (USD Million)

8.1. Residential
8.2. Commercial

9. Global Micro Inverter Market, By Connectivity 2021-2034 (USD Million)

9.1. Stand Alone
9.2. On Grid

10. Global Micro Inverter Market, 2021-2034 (USD Million)

10.1. Global Micro Inverter Market Size and Market Share

11. Global Micro Inverter Market, By Region, 2021-2034 (USD Million)

11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America

12. Company Profile

12.1. AEconversion GmbH & Co.
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
12.2. Altenergy Power System, Inc.
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
12.3. Chilicon Power LLC
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
12.4. Chisageess
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
12.5. Darfon Electronics Corp.
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
12.6. Dongguan Kaideng Energy Technology Co., Ltd.
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
12.7. Dongguan Maywah Co., Ltd.
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
12.8. Enphase Energy
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
12.9. Fimer Group
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
12.10. Growatt New Energy
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
12.11. Others