Micro inverter is an emerging solar inverter technology used to convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity.
The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth.
Micro inverter installation is more expensive than central and string inverter installation as it requires more components such as interconnecting cables, sealing caps and terminators.
It is expected that the penetration rate of micro inverters into Japanese market would increase drastically to 7% of total installations by 2019. Another factor for catalyzing the market in Japan could be micro inverter suppliers obtaining Japan Electrical Safety & Environment Technology Laboratories (JET) certification.
In 2019, the market size of Micro Inverter is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Micro Inverter.
This report studies the global market size of Micro Inverter, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Micro Inverter production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Enphase Energy
ABB Group
SunPower
SMA Solar Technology
Delta Energy Systems
SolarEdge Technologies
ReneSola
Siemens
P&P Energy Technology
Involar
Alencon Systems
Delta Energy
Altenergy Power
Ampt
Array Power
Chilicon Power
i-Energy
KACO New Energy
Petra Systems
Solantro
Sparq Systems
Tigo Energy
Market Segment by Product Type
Single-phase
Three-phase
Market Segment by Application
Utility
Residential
Commercial
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Micro Inverter status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Micro Inverter manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Micro Inverter are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Micro Inverter. Industry analysis & Market Report on Micro Inverter is a syndicated market report, published as Global (United States, European Union and China) Micro Inverter Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Micro Inverter market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.