Global On Grid Residential Micro Inverter Market Growth, Size, Trends Analysis- By Phase - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

On Grid Residential Micro Inverter Market Introduction and Overview

According to SPER market research, 'Global On Grid Residential Micro Inverter Market Size- By Phase - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global On Grid Residential Micro Inverter Market is predicted to reach 4.27 billion by 2034 with a CAGR of 9.34%.

An on-grid residential microinverter is a small device used in solar power systems for homes connected to the main electricity grid. Unlike conventional inverters that manage power from multiple panels together, microinverters are installed on each solar panel individually. This allows every panel to function independently, enhancing the system's efficiency-especially in cases of shading or complex roof designs.

Restraints: The on-grid residential microinverter market encounters several challenges that may hinder its growth. One key obstacle is the higher initial cost of microinverters compared to traditional string inverters, which can discourage potential buyers. The installation and maintenance of multiple microinverters can also be more complex and costly due to increased labor and technical requirements.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered Phase

Regions covered

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

Companies Covered

Deye Inverter, Darfon Electronics Corporation, Enphase, Fimer Group, Fenice Energy, Sparq System, Sensol, Statcon Energiaa, SunEvo Solar, Solis Solar, Tata Power Solar.

Global On Grid Residential Micro Inverter Market Segmentation:

By Phase: Based on the Phase, Global On Grid Residential Micro Inverter Market is segmented as; Single Phase, Three Phase.

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

Product Code: POAE25155

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

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

7.1.Single Phase
7.2.Three Phase

8.Global On Grid Residential Micro Inverter Market, (USD Million) 2021-2034

8.1.Global On Grid Residential Micro Inverter Market Size and Market Share

9.Global On Grid Residential Micro Inverter Market, By Region, 2021-2034 (USD Million)

9.1.Asia-Pacific
- 9.1.1.Australia
- 9.1.2.China
- 9.1.3.India
- 9.1.4.Japan
- 9.1.5.South Korea
- 9.1.6.Rest of Asia-Pacific
9.2.Europe
- 9.2.1.France
- 9.2.2.Germany
- 9.2.3.Italy
- 9.2.4.Spain
- 9.2.5.United Kingdom
- 9.2.6.Rest of Europe
9.3.Middle East and Africa
- 9.3.1.Kingdom of Saudi Arabia
- 9.3.2.United Arab Emirates
- 9.3.3.Qatar
- 9.3.4.South Africa
- 9.3.5.Egypt
- 9.3.6.Morocco
- 9.3.7.Nigeria
- 9.3.8.Rest of Middle-East and Africa
9.4.North America
- 9.4.1.Canada
- 9.4.2.Mexico
- 9.4.3.United States
9.5.Latin America
- 9.5.1.Argentina
- 9.5.2.Brazil
- 9.5.3.Rest of Latin America

10.Company Profile

10.1.Deye Inverter
- 10.1.1.Company details
- 10.1.2.Financial outlook
- 10.1.3.Product summary
- 10.1.4.Recent developments
10.2.Darfon Electronics Corporation
- 10.2.1.Company details
- 10.2.2.Financial outlook
- 10.2.3.Product summary
- 10.2.4.Recent developments
10.3.Enphase
- 10.3.1.Company details
- 10.3.2.Financial outlook
- 10.3.3.Product summary
- 10.3.4.Recent developments
10.4.Fimer Group
- 10.4.1.Company details
- 10.4.2.Financial outlook
- 10.4.3.Product summary
- 10.4.4.Recent developments
10.5.Fenice Energy
- 10.5.1.Company details
- 10.5.2.Financial outlook
- 10.5.3.Product summary
- 10.5.4.Recent developments
10.6.Sparq System
- 10.6.1.Company details
- 10.6.2.Financial outlook
- 10.6.3.Product summary
- 10.6.4.Recent developments
10.7.Sensol
- 10.7.1.Company details
- 10.7.2.Financial outlook
- 10.7.3.Product summary
- 10.7.4.Recent developments
10.8.Statcon Energiaa
- 10.8.1.Company details
- 10.8.2.Financial outlook
- 10.8.3.Product summary
- 10.8.4.Recent developments
10.9.SunEvo Solar
- 10.9.1.Company details
- 10.9.2.Financial outlook
- 10.9.3.Product summary
- 10.9.4.Recent developments
10.10.Solis Solar
- 10.10.1.Company details
- 10.10.2.Financial outlook
- 10.10.3.Product summary
- 10.10.4.Recent developments
10.11.Tata Power Solar
- 10.11.1.Company details
- 10.11.2.Financial outlook
- 10.11.3.Product summary
- 10.11.4.Recent developments
10.12.Others