Report Highlights
The global market for microinverters is estimated to increase from $3.7 billion in 2022 to reach $8.1 billion by 2027, at a compound annual growth rate (CAGR) of 17.3% from 2022 through 2027.
Report Includes
- 110 data tables and 67 additional tables
- A comprehensive overview and up-to-date analysis of the global markets for microinverters
- Analyses of the global market trends, with historic revenue data for 2021, estimates for 2022, forecasts for 2023 and 2025, and projections of five year compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size and market forecast for microinverter in value and volumetric terms, and their corresponding market share analysis based on inverter phase, connectivity, load capacity, end-user segment, and geographic region
- Assessment of major driving factors, opportunities and challenges in this innovation driven market, with emphasis on COVID-19 impact on the microinverters market
- Discussion of the industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on manufacturers, suppliers, and major types of end-users of these products
- Review of patents applied and published on microinverters by each major category, and detailed description of recent key granted patents
- Insight into the recent industry structure, increasing investment on R&D activities, key growth strategies, and strategic analysis of key players in the global microinverter market
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Descriptive company profiles of the leading global players, including AEconversion GmbH & Co. Kg., Crystal Solar Energy, Enphase Energy Inc., Siemens AG and Solar Panels Plus LLC
Report Scope
In this report, the market has been segmented based on phase type, connectivity, capacity, end user, and geography. The report provides an overview of the global microinverter market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period of 2022 through 2027. Market values have been estimated based on the total revenue of microinverter providers.
The report covers the market for microinverters with regard to the end-user base across different regions. It also highlights major trends and challenges that can affect the market and the vendor landscape. The report estimates the global market for microinverters in 2021 and provides projections for the expected market size through 2027.
The scope of the study includes microinverters phase type, connectivity, capacity, and end user. However, utility-scale applications have been excluded from the study.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||||||
| Forecast period considered | 2022–2027 | ||||||||||||||||||||
| Base year market size | $3.1 billion | ||||||||||||||||||||
| Market size forecast | $8.1 billion | ||||||||||||||||||||
| Growth rate | CAGR of 17.3% from 2022 to 2027 | ||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||
| Segments covered | Phase, Connectivity, Capacity, End user, Region, Business Segment, Country | ||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America (Brazil, Argentina, and the Rest of South America) and RoW (Middle East and Africa) | ||||||||||||||||||||
| Countries covered | U.S., U.K., Canada, Mexico, Germany, Spain, Netherlands., Rest of Europe (Italy, France, Poland, etc.)., China, Japan, India, South Korea., Rest of APAC (Malaysia, Indonesia, Taiwan, and Australia, etc.). | ||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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