MicroInverter Market
MicroInverter Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0829
Segments Covered
By
Product Stand-alone Inverters, Grid-tie Inverters, Battery Backup Inverters
-
By
Application Residential, Commercial, Other
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2.5 Billion |
 Revenue 2028:
|
11.34 Billion |
 Revenue CAGR
(2021 - 2028): |
20.8 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the
market based on various segments such as Product, Application,
and Region. All the segments are studied considering historical and future
trends across geographies. All the segments are analyzed based on trends,
market size, and forecast, and the data is provided for the years 2016–2028.
Several growth factors and opportunities impacting various segments have been
incorporated in the report. On the basis of Product,
the market is divided into Stand-alone Inverters, Grid-tie Inverters, Battery Backup Inverters,. Stand-alone Inverters held the largest
share in 2020 and is projected to grow at a noteworthy CAGR within the forecast
period.
Based on Application,
the market is divided into Residential, Commercial, Other,. Industrial attributed to
the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global MicroInverter Market: Product Segment Analysis
-
- Stand-alone Inverters
- Grid-tie Inverters
- Battery Backup Inverters
Global MicroInverter Market: Application Segment Analysis
-
- Residential
- Commercial
- Other
FAQ
Frequently Asked Question
What is the global demand for MicroInverter in terms of revenue?
-
The global MicroInverter valued at 2.5 Billion in 2020 and is expected to reach 11.34 Billion in 2028 growing at a CAGR of 20.8%.
Which are the prominent players in the market?
-
The prominent players in the market are Solar Edge, KACO, Siemens, Green Power, Fronius, Danfoss, STECA, TMEIC, Schneider, Enphase, Power Electronics, SMA, Ingeteam, ABB, Tabuchi, Satcon, TBEA..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 20.8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the MicroInverter include
- Technical advantages of micro-inverters over conventional solar inverters in terms of increased power backups have created a positive scope for the overall market.
- Significant capital inflows in the renewable energy sector create a huge demand for the market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the MicroInverter in 2020.
