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Micro Inverter Market by Type (Single Phase, Three Phase and Others), By Connection (Stand-Alone,Grid-Connected), Industry Trends, Estimation & Forecast, 2016 - 2024

Micro Inverter Market was valued at $635 million in 2016 and is projected to reach $4.33 billion by 2024, having a CAGR of 27.3% during the forecast period of 2017 to 2024.In 2016, the single phase micro inverter segment generated the highest revenue share in the global micro inverter market.

A basic inverter is a device which is intended to be used for conversion of DC voltage into AC voltage for the household usage. Similarly a micro inverter is miniature version of a usual inverter which is designed in such a manner that it could be used with required electrical devices which are small in size and complicated in design. Micro inverters are being highly used in solar panels in the current scenario. These micro inverters are sufficient enough of converting DC solar energy in to house hold grade AC electricity.

Micro Inverter Market determinants

Inspired by the boom of energy conservation and high usage of renewable energy an increased demand of solar energy systems has been witnessed in the past two decades. People are rapidly shifting from the conventional energy to solar energy. As per a research, more than 1 million U.S. homes are having solar panels and are expected to grow rapidly in the near future. In addition to this, concerns regarding environment and depletion of conventional energy resources is also leading to the increased installation of solar power energy generation systems all over the globe. China, India, Japan and the U.S. are some of the countries which are expected to exhibit a rapid growth of solar panel installations in the near future, eventually boosting the growth of micro inverter market. In addition to this the high efficiency and expected decrement in the cost of micro inverters can also act as a major factor which is stimulating the growth of the very market. However, system failures due to low quality of micro inverters and complex maintenance might hamper the market growth. Moreover, high initial installation and replacement costs might also impede the market pace.

Micro-Inverter Market Segmentation

By Type • Single Phase • Three Phase By Connection • Stand-Alone • Grid-Connected By End User • Residential • Commercial By Geography • North America • Europe • Asia-Pacific • Rest of World

CHAPTER 1. INTRODUCTION 1.1. RESEARCH METHODOLOGY 1.1.1. ERC desk research 1.1.2. ERC data synthesis 1.1.3. Data validation and market feedback 1.1.4. ERC data sources 1.2. RESEARCH SCOPE CHAPTER 2. MARKET OVERVIEW 2.1. RESEARCH SUMMARY 2.2. VALUE CHAIN ANALYSIS 2.3. FIVE FORCES ANALYSIS 2.4. MARKET PLAYER POSITIONING 2.5. DEMAND FORECAST 2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS 2.7. MARKET DETERMINANTS 2.7.1. Drivers 2.7.1.1. Rising installation of residential solar system 2.7.1.2. Growing reliability and safety 2.7.1.3. Higher output and cost-efficiency 2.7.2. Restraints 2.7.2.1. High maintenance cost 2.7.3. Opportunities 2.7.3.1. Increasing government initiatives CHAPTER 3. GLOBAL MICRO INVERTER MARKET BY TYPE 3.1. SEGMENT OUTLINE 3.2. GLOBAL MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 3.3. SINGLE PHASE 3.3.1. Current trends 3.3.2. Market growth indicators 3.3.3. Global single phase micro inverter market revenue by region, 2016-2024 3.4. THREE PHASE 3.4.1. Current trends 3.4.2. Market growth indicators 3.4.3. Global three phase micro inverter market revenue by region, 2016-2024 CHAPTER 4. GLOBAL MICRO-INVERTER MARKET BY CONNECTION 4.1. SEGMENT OUTLINE 4.2. GLOBAL MICRO INVERTER MARKET REVENUE BY CONNECTION, 2016-2024 4.3. STAND ALONE 4.3.1. Current trends 4.3.2. Market growth indicators 4.3.3. Global stand-alone micro inverter market revenue, 2016-2024 4.4. GRID CONNECTED 4.4.1. Current trends 4.4.2. Market growth indicators 4.4.3. Global grid connected micro inverter market revenue by region, 2016-2024 CHAPTER 5. GLOBAL MICRO INVERTER MARKET BY END USER 5.1. SEGMENT OUTLINE 5.2. GLOBAL MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 5.3. RESIDENTIAL 5.3.1. Current trends 5.3.2. Market growth indicators 5.3.3. Global residential micro inverter market revenue by region, 2016-2024 5.4. COMMERCIAL 5.4.1. Current trends 5.4.2. Market growth indicators 5.4.3. Global commercial micro inverter market revenue by region, 2016-2024 CHAPTER 6. GLOBAL MICRO INVERTER MARKET BY GEOGRAPHY 6.1. SEGMENT OUTLINE 6.2. GLOBAL MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2016-2024 6.3. NORTH AMERICA 6.3.1. Market trends 6.3.2. Market growth indicators 6.3.3. North America micro inverter market revenue by end user, 2016-2024 6.3.4. North America micro inverter market revenue by type, 2016-2024 6.3.5. North America micro inverter market revenue by country, 2016-2024 6.4. EUROPE 6.4.1. Market trends 6.4.2. Market growth indicators 6.4.3. Europe micro inverter market revenue by end user, 2016-2024 6.4.4. Europe micro inverter market revenue by type, 2016-2024 6.4.5. Europe micro inverter market revenue by country, 2016-2024 6.5. ASIA PACIFIC 6.5.1. Market trends 6.5.2. Market growth indicators 6.5.3. APAC micro inverter market revenue by end user, 2016-2024 6.5.4. APAC micro inverter market revenue by type, 2016-2024 6.5.5. APAC micro inverter market revenue by country, 2016-2024 6.6. REST OF THE WORLD 6.6.1. Market trends 6.6.2. Market growth indicators 6.6.3. ROW micro inverter market revenue by end user, 2016-2024 6.6.4. ROW micro inverter market revenue by type, 2016-2024 6.6.5. ROW micro inverter market revenue by country, 2016-2024 CHAPTER 7. KEY VENDOR PROFILES 7.1. SUNPOWER CORPORATION 7.1.1. Company overview 7.1.2. Company snapshot 7.1.3. Business overview 7.1.4. Strategic attempts 7.2. DELTA ENERGY SYSTEMS GMBH 7.2.1. Company overview 7.2.2. Company snapshot 7.2.3. Business overview 7.2.4. Strategic attempts 7.3. ENPHASE ENERGY, INC. 7.3.1. Company overview 7.3.2. Company snapshot 7.3.3. Business overview 7.3.4. Strategic attempts 7.4. RENESOLA 7.4.1. Company overview 7.4.2. Company snapshot 7.4.3. Business overview 7.4.4. Strategic attempts 7.5. SIEMENS AG 7.5.1. Company overview 7.5.2. Company snapshot 7.5.3. Business overview 7.5.4. Strategic attempts 7.6. SOLAR EDGE TECHNOLOGIES INC. 7.6.1. Company overview 7.6.2. Company snapshot 7.6.3. Business overview 7.6.4. Strategic attempts 7.7. SMA SOLAR TECHNOLOGY AG 7.7.1. Company overview 7.7.2. Company snapshot 7.7.3. Business overview 7.7.4. Strategic attempts 7.8. INVOLAR 7.8.1. Company overview 7.8.2. Company snapshot 7.8.3. Business overview 7.8.4. Strategic attempts 7.9. ABB GROUP 7.9.1. Company overview 7.9.2. Company snapshot 7.9.3. Business overview 7.9.4. Strategic attempts 7.10. P & P ENERGY TECHNOLOGY CO., LTD 7.10.1. Company overview 7.10.2. Company snapshot 7.10.3. Business overview 7.10.4. Strategic attempts LIST OF TABLES TABLE NO 1. GLOBAL MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION) TABLE NO 2. GLOBAL SINGLE PHASE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) TABLE NO 3. GLOBAL THREE PHASE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) TABLE NO 4. GLOBAL MICRO INVERTER MARKET REVENUE BY CONNECTION, 2016-2024 ($MILLION) TABLE NO 5. GLOBAL STAND ALONE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) TABLE NO 6. GLOBAL GRID CONNECTED MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) TABLE NO 7. GLOBAL MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION) TABLE NO 8. GLOBAL RESIDENTIAL MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) TABLE NO 9. GLOBAL COMMERCIAL MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) TABLE NO 10. GLOBAL MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($MILLION) TABLE NO 11. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY END USER, 2016-2014 ($MILLION) TABLE NO 12. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2014 ($MILLION) TABLE NO 13. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2014 ($MILLION) TABLE NO 14. EUROPE MICRO INVERTER MARKET REVENUE BY END USER, 2016-2014 ($MILLION) TABLE NO 15. EUROPE MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2014 ($MILLION) TABLE NO 16. EUROPE MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2014 ($MILLION) TABLE NO 17. APAC MICRO INVERTER MARKET REVENUE BY END USER, 2016-2014 ($MILLION) TABLE NO 18. APAC MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2014 ($MILLION) TABLE NO 19. APAC MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2014 ($MILLION) TABLE NO 20. ROW MICRO INVERTER MARKET REVENUE BY END USER, 2016-2014 ($MILLION) TABLE NO 21. ROW MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2014 ($MILLION) TABLE NO 22. ROW MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2014 ($MILLION) LIST OF FIGURES FIGURE NO 1. VALUE CHAIN ANALYSIS FIGURE NO 2. PORTER’S FIVE FORCES ANALYSIS FIGURE NO 3. MARKET SHARE ANALYSIS FIGURE NO 4. INVESTMENT OPPORTUNITIES FIGURE NO 5. KEY STRATEGIC ATTEMPTS (%SHARE) FIGURE NO 6. KEY IMPACTING FACTORS FIGURE NO 7. GLOBAL MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION) FIGURE NO 8. GLOBAL SINGLE PHASE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) FIGURE NO 9. GLOBAL THREE PHASE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) FIGURE NO 10. GLOBAL MICRO INVERTER MARKET REVENUE BY CONNECTION, 2016-2024 ($MILLION) FIGURE NO 11. GLOBAL STAND ALONE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) FIGURE NO 12. GLOBAL GRID CONNECTED MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) FIGURE NO 13. GLOBAL MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION) FIGURE NO 14. GLOBAL RESIDENTIAL MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) FIGURE NO 15. GLOBAL COMMERCIAL MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION) FIGURE NO 16. GLOBAL MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($MILLION) FIGURE NO 17. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION) FIGURE NO 18. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION) FIGURE NO 19. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2024 ($MILLION) FIGURE NO 20. EUROPE MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION) FIGURE NO 21. EUROPE MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION) FIGURE NO 22. EUROPE MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2024 ($MILLION) FIGURE NO 23. APAC MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION) FIGURE NO 24. APAC MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION) FIGURE NO 25. APAC MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2024 ($MILLION) FIGURE NO 26. ROW MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION) FIGURE NO 27. ROW MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION) FIGURE NO 28. ROW MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2024 ($MILLION)

• Enphase Energy, Inc.
• ABB Group
• SunPower Corporation
• SMA Solar Technology AG
• Delta Energy Systems GmbH
• SolarEdge Technologies Inc.
• ReneSola
• Siemens AG
• P&P Energy Technology Co.Limited
• Involar

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Report Highlights:

Complete overview of market
Major drivers, restrain, opportunities, and challenges of the market
Market Trends and how they are boosting the market growth
Changing dynamics in the Market
Complete overview of the market
Historical, Base year, projected, and current market size in terms of value and volume
COVID-19 Impact analysis of the market
Current industry trends and developments

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