Solar Micro Inverter Market (Type - Single-channel, Dual-channel, Quad-channel; Category - Single Phase, Three Phase); - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2034
TMR's report on the global solar micro inverter market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2024 to 2034. The report provides revenue of the global solar micro inverter market for the period 2018-2034, considering 2024 as the base year and 2034 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global solar micro inverter market from 2024 to 2034.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the solar micro inverter market.
Market Snapshot
Market Value in 2023
US$ 4.1 Bn
Market Value in 2034
US$ 19.1 Bn
CAGR
15.5%
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global solar micro inverter market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global solar micro inverter market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global solar micro inverter market.
The report delves into the competitive landscape of the global solar micro inverter market. Key players operating in the global solar micro inverter market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global solar micro inverter market profiled in this report.
Key Questions Answered in Global solar micro inverter Market Report:
What is the sales/revenue generated by solar micro inverter across all regions during the forecast period?
What are the opportunities in the global solar micro inverter market?
What are the major drivers, restraints, opportunities, and threats in the market?
Which regional market is set to expand at the fastest CAGR during the forecast period?
Which segment is expected to generate the highest revenue globally in 2034?
Which segment is projected to expand at the highest CAGR during the forecast period?
What are the market positions of different companies operating in the global market?
Solar Micro Inverter Market - Research Objectives and Research Approach
The comprehensive report on the global solar micro inverter market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global solar micro inverter market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2034 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global solar micro inverter market.
Table of Contents
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.2. Key Trends Analysis
5.2.1. Demand Side Analysis
5.2.2. Supply Side Analysis
5.3. Key Market Indicators
5.4. Porter's Five Forces Analysis
5.5. Value Chain Analysis
5.6. PESTEL Analysis
5.7. Regulatory Framework Analysis
5.8. Technological Overview Analysis
5.9. Global Solar Micro Inverter Market Analysis and Forecast, 2020-2034
5.9.1. Market Value Projections (USD Mn)
5.9.2. Market Volume Projections (Thousand Units)
6. Global Solar Micro Inverter Market Analysis and Forecast, by Type
6.1. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Type, 2020-2034
6.1.1. Single-channel
6.1.2. Dual-channel
6.1.3. Quad-channel
6.2. Incremental Opportunity Analysis, by Type
7. Global Solar Micro Inverter Market Analysis and Forecast, by Category
7.1. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Category, 2020-2034
7.1.1. Single Phase
7.1.2. Three Phase
7.2. Incremental Opportunity Analysis, by Category
8. Global Solar Micro Inverter Market Analysis and Forecast, by Connectivity
8.1. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Connectivity, 2020-2034
8.1.1. Off-grid
8.1.2. Grid-connected
8.2. Incremental Opportunity Analysis, by Connectivity
9. Global Solar Micro Inverter Market Analysis and Forecast, by Maximum Input Power
9.1. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Maximum Input Power, 2020-2034
9.1.1. Less than 250 W
9.1.2. 250 W to 500 W
9.1.3. 500 W to 1000 W
9.1.4. 1000 W to 1500 W
9.1.5. 1500 W to 2000 W
9.1.6. More than 2500 W
9.2. Incremental Opportunity Analysis, by Maximum Input Power
10. Global Solar Micro Inverter Market Analysis and Forecast, by Application
10.1. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Application, 2020-2034
10.1.1. Solar Roof
10.1.2. Photovoltaic Balcony
10.1.3. Small Power Station
10.1.4. PV Communication System
10.1.5. Others (Farming Generation System, etc.)
10.2. Incremental Opportunity Analysis, by Application
11. Global Solar Micro Inverter Market Analysis and Forecast, by Installation
11.1. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Installation, 2020-2034
11.1.1. Factory Installed
11.1.2. Aftermarket
11.2. Incremental Opportunity Analysis, by Installation
12. Global Solar Micro Inverter Market Analysis and Forecast, by Region
12.1. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Region, 2020-2034
12.1.1. North America
12.1.2. Europe
12.1.3. Asia Pacific
12.1.4. Middle East & Africa
12.1.5. South America
12.2. Incremental Opportunity Analysis, by Region
13. North America Solar Micro Inverter Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Key Trend Analysis
13.3. Market Share Analysis (%)
13.4. Price Trend Analysis
13.4.1. Weighted Average Selling Price (USD)
13.5. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Type, 2020-2034
13.5.1. Single-channel
13.5.2. Dual-channel
13.5.3. Quad-channel
13.6. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Category, 2020-2034
13.6.1. Single Phase
13.6.2. Three Phase
13.7. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Connectivity, 2020-2034
13.7.1. Off-grid
13.7.2. Grid-connected
13.8. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Maximum Input Power, 2020-2034
13.8.1. Less than 250 W
13.8.2. 250 W to 500 W
13.8.3. 500 W to 1000 W
13.8.4. 1000 W to 1500 W
13.8.5. 1500 W to 2000 W
13.8.6. More than 2500 W
13.9. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Application, 2020-2034
13.9.1. Solar Roof
13.9.2. Photovoltaic Balcony
13.9.3. Small Power Station
13.9.4. PV Communication System
13.9.5. Others (Farming Generation System, etc.)
13.10. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Installation, 2020-2034
13.10.1. Factory Installed
13.10.2. Aftermarket
13.11. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Country, 2020-2034
13.11.1. U.S.
13.11.2. Canada
13.11.3. Rest of North America
13.12. Incremental Opportunity Analysis
14. Europe Solar Micro Inverter Market Analysis and Forecast
14.1. Regional Snapshot
14.2. Key Trend Analysis
14.3. Market Share Analysis (%)
14.4. Price Trend Analysis
14.4.1. Weighted Average Selling Price (USD)
14.5. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Type, 2020-2034
14.5.1. Single-channel
14.5.2. Dual-channel
14.5.3. Quad-channel
14.6. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Category, 2020-2034
14.6.1. Single Phase
14.6.2. Three Phase
14.7. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Connectivity, 2020-2034
14.7.1. Off-grid
14.7.2. Grid-connected
14.8. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Maximum Input Power, 2020-2034
14.8.1. Less than 250 W
14.8.2. 250 W to 500 W
14.8.3. 500 W to 1000 W
14.8.4. 1000 W to 1500 W
14.8.5. 1500 W to 2000 W
14.8.6. More than 2500 W
14.9. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Application, 2020-2034
14.9.1. Solar Roof
14.9.2. Photovoltaic Balcony
14.9.3. Small Power Station
14.9.4. PV Communication System
14.9.5. Others (Farming Generation System, etc.)
14.10. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Installation, 2020-2034
14.10.1. Factory Installed
14.10.2. Aftermarket
14.11. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Country, 2020-2034
14.11.1. Germany
14.11.2. U.K.
14.11.3. France
14.11.4. Italy
14.11.5. Spain
14.11.6. The Netherlands
14.11.7. Rest of Europe
14.12. Incremental Opportunity Analysis
15. Asia Pacific Solar Micro Inverter Market Analysis and Forecast
15.1. Regional Snapshot
15.2. Key Trend Analysis
15.3. Market Share Analysis (%)
15.4. Price Trend Analysis
15.4.1. Weighted Average Selling Price (USD)
15.5. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Type, 2020-2034
15.5.1. Single-channel
15.5.2. Dual-channel
15.5.3. Quad-channel
15.6. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Category, 2020-2034
15.6.1. Single Phase
15.6.2. Three Phase
15.7. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Connectivity, 2020-2034
15.7.1. Off-grid
15.7.2. Grid-connected
15.8. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Maximum Input Power, 2020-2034
15.8.1. Less than 250 W
15.8.2. 250 W to 500 W
15.8.3. 500 W to 1000 W
15.8.4. 1000 W to 1500 W
15.8.5. 1500 W to 2000 W
15.8.6. More than 2500 W
15.9. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Application, 2020-2034
15.9.1. Solar Roof
15.9.2. Photovoltaic Balcony
15.9.3. Small Power Station
15.9.4. PV Communication System
15.9.5. Others (Farming Generation System, etc.)
15.10. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Installation, 2020-2034
15.10.1. Factory Installed
15.10.2. Aftermarket
15.11. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Country, 2020-2034
15.11.1. China
15.11.2. India
15.11.3. Japan
15.11.4. Australia
15.11.5. South Korea
15.11.6. ASEAN
15.11.7. Rest of Asia Pacific
15.12. Incremental Opportunity Analysis
16. Middle East & Africa Solar Micro Inverter Market Analysis and Forecast
16.1. Regional Snapshot
16.2. Key Trend Analysis
16.3. Market Share Analysis (%)
16.4. Price Trend Analysis
16.4.1. Weighted Average Selling Price (USD)
16.5. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Type, 2020-2034
16.5.1. Single-channel
16.5.2. Dual-channel
16.5.3. Quad-channel
16.6. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Category, 2020-2034
16.6.1. Single Phase
16.6.2. Three Phase
16.7. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Connectivity, 2020-2034
16.7.1. Off-grid
16.7.2. Grid-connected
16.8. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Maximum Input Power, 2020-2034
16.8.1. Less than 250 W
16.8.2. 250 W to 500 W
16.8.3. 500 W to 1000 W
16.8.4. 1000 W to 1500 W
16.8.5. 1500 W to 2000 W
16.8.6. More than 2500 W
16.9. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Application, 2020-2034
16.9.1. Solar Roof
16.9.2. Photovoltaic Balcony
16.9.3. Small Power Station
16.9.4. PV Communication System
16.9.5. Others (Farming Generation System, etc.)
16.10. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Installation, 2020-2034
16.10.1. Factory Installed
16.10.2. Aftermarket
16.11. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Country, 2020-2034
16.11.1. UAE
16.11.2. Saudi Arabia
16.11.3. Qatar
16.11.4. Kuwait
16.11.5. Nigeria
16.11.6. South Africa
16.11.7. Rest of Middle East & Africa
16.12. Incremental Opportunity Analysis
17. South America Solar Micro Inverter Market Analysis and Forecast
17.1. Regional Snapshot
17.2. Key Trend Analysis
17.3. Market Share Analysis (%)
17.4. Price Trend Analysis
17.4.1. Weighted Average Selling Price (USD)
17.5. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Type, 2020-2034
17.5.1. Single-channel
17.5.2. Dual-channel
17.5.3. Quad-channel
17.6. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Category, 2020-2034
17.6.1. Single Phase
17.6.2. Three Phase
17.7. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Connectivity, 2020-2034
17.7.1. Off-grid
17.7.2. Grid-connected
17.8. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Maximum Input Power, 2020-2034
17.8.1. Less than 250 W
17.8.2. 250 W to 500 W
17.8.3. 500 W to 1000 W
17.8.4. 1000 W to 1500 W
17.8.5. 1500 W to 2000 W
17.8.6. More than 2500 W
17.9. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Application, 2020-2034
17.9.1. Solar Roof
17.9.2. Photovoltaic Balcony
17.9.3. Small Power Station
17.9.4. PV Communication System
17.9.5. Others (Farming Generation System, etc.)
17.10. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Installation, 2020-2034
17.10.1. Factory Installed
17.10.2. Aftermarket
17.11. Solar Micro Inverter Market Size (USD Mn and Thousand Units), By Country, 2020-2034