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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

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JHS 25.02.28

Solar Micro Inverter Market - Scope of Report

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 2023US$ 4.1 Bn
Market Value in 2034US$ 19.1 Bn
CAGR15.5%

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
    • 17.11.1. Brazil
    • 17.11.2. Argentina
    • 17.11.3. Rest of South America
  • 17.12. Incremental Opportunity Analysis

18. Competition Landscape

  • 18.1. Market Player - Competition Dashboard
  • 18.2. Market Share Analysis (%), 2023
  • 18.3. Company Profiles
    • 18.3.1. Enphase
      • 18.3.1.1. Company SWOT Analysis
      • 18.3.1.2. Company Overview
      • 18.3.1.3. Sales Area/Geographical Presence
      • 18.3.1.4. Product Portfolio
      • 18.3.1.5. Key Financials
      • 18.3.1.6. Strategy & Business Overview
    • 18.3.2. Altenergy Power System Inc. (AP Systems)
      • 18.3.2.1. Company SWOT Analysis
      • 18.3.2.2. Company Overview
      • 18.3.2.3. Sales Area/Geographical Presence
      • 18.3.2.4. Product Portfolio
      • 18.3.2.5. Key Financials
      • 18.3.2.6. Strategy & Business Overview
    • 18.3.3. Chilicon Power
      • 18.3.3.1. Company SWOT Analysis
      • 18.3.3.2. Company Overview
      • 18.3.3.3. Sales Area/Geographical Presence
      • 18.3.3.4. Product Portfolio
      • 18.3.3.5. Key Financials
      • 18.3.3.6. Strategy & Business Overview
    • 18.3.4. Deye
      • 18.3.4.1. Company SWOT Analysis
      • 18.3.4.2. Company Overview
      • 18.3.4.3. Sales Area/Geographical Presence
      • 18.3.4.4. Product Portfolio
      • 18.3.4.5. Key Financials
      • 18.3.4.6. Strategy & Business Overview
    • 18.3.5. Fronius International GmbH
      • 18.3.5.1. Company SWOT Analysis
      • 18.3.5.2. Company Overview
      • 18.3.5.3. Sales Area/Geographical Presence
      • 18.3.5.4. Product Portfolio
      • 18.3.5.5. Key Financials
      • 18.3.5.6. Strategy & Business Overview
    • 18.3.6. Hoymiles Power Electronics Inc.
      • 18.3.6.1. Company SWOT Analysis
      • 18.3.6.2. Company Overview
      • 18.3.6.3. Sales Area/Geographical Presence
      • 18.3.6.4. Product Portfolio
      • 18.3.6.5. Key Financials
      • 18.3.6.6. Strategy & Business Overview
    • 18.3.7. Siemens AG
      • 18.3.7.1. Company SWOT Analysis
      • 18.3.7.2. Company Overview
      • 18.3.7.3. Sales Area/Geographical Presence
      • 18.3.7.4. Product Portfolio
      • 18.3.7.5. Key Financials
      • 18.3.7.6. Strategy & Business Overview
    • 18.3.8. SolarEdge
      • 18.3.8.1. Company SWOT Analysis
      • 18.3.8.2. Company Overview
      • 18.3.8.3. Sales Area/Geographical Presence
      • 18.3.8.4. Product Portfolio
      • 18.3.8.5. Key Financials
      • 18.3.8.6. Strategy & Business Overview
    • 18.3.9. Sparq Systems
      • 18.3.9.1. Company SWOT Analysis
      • 18.3.9.2. Company Overview
      • 18.3.9.3. Sales Area/Geographical Presence
      • 18.3.9.4. Product Portfolio
      • 18.3.9.5. Key Financials
      • 18.3.9.6. Strategy & Business Overview
    • 18.3.10. Zhejiang Benyi New Energy Co, Ltd.
      • 18.3.10.1. Company SWOT Analysis
      • 18.3.10.2. Company Overview
      • 18.3.10.3. Sales Area/Geographical Presence
      • 18.3.10.4. Product Portfolio
      • 18.3.10.5. Key Financials
      • 18.3.10.6. Strategy & Business Overview
    • 18.3.11. Zhejiang HIITIO New Energy Co., Ltd
      • 18.3.11.1. Company SWOT Analysis
      • 18.3.11.2. Company Overview
      • 18.3.11.3. Sales Area/Geographical Presence
      • 18.3.11.4. Product Portfolio
      • 18.3.11.5. Key Financials
      • 18.3.11.6. Strategy & Business Overview
    • 18.3.12. Other Key Players
      • 18.3.12.1. Company SWOT Analysis
      • 18.3.12.2. Company Overview
      • 18.3.12.3. Sales Area/Geographical Presence
      • 18.3.12.4. Product Portfolio
      • 18.3.12.5. Key Financials
      • 18.3.12.6. Strategy & Business Overview

19. Go To Market Strategy

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