Solar Microinverter and Power Optimizer Market
Solar Microinverter and Power Optimizer Market - Global Industry Assessment & Forecast
#
Pages:
180
2022
Jan - 2024
VMR-VMR-2021-0868
Segments Covered
By
Product Solar Microinverter, Power Optimizer
-
By
Connectivity Standalone, On-grid
-
By
Application Residential, Commercial, Utility
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 4.42 Billion |
 Revenue 2030:
|
USD 12.01 Billion |
 Revenue CAGR
(2023 - 2030): |
13.3% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
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
Research Methodology: Solar Microinverter and Power Optimizer Market by Product by Connectivity by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements
Data Triangulation and Market Size Estimations
At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the Solar Microinverter and Power Optimizer market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.
FAQ
Frequently Asked Question
What is the global demand for Solar Microinverter and Power Optimizer in terms of revenue?
-
The global Solar Microinverter and Power Optimizer valued at USD 4.42 Billion in 2022 and is expected to reach USD 12.01 Billion in 2030 growing at a CAGR of 13.3%.
Which are the prominent players in the market?
-
The prominent players in the market are Tigo Energy, KACO New Energy, Enphase Energy, Delta Energy Systems, SunPower Corporation, Ampt, Altenergy Power System, Array Power, Solantro, SolarEdge Technologies..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 13.3% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Solar Microinverter and Power Optimizer include
- Increased Energy Harvesting
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Solar Microinverter and Power Optimizer in 2022.
