Micro photovoltaic inverter is a photovoltaic inverter that only works with a single solar module, converting the DC power of the solar module into AC power. Its design allows independent parallel operation of multiple micro-PV inverters in a modular fashion. The advantages of the micro photovoltaic inverter include that it can optimize the power of a single solar module, each module can operate independently, that is, the installation method is ready to use, the installation method and the improvement of fire safety, the lowest cost of system design, And the inventory can also be reduced to a minimum.
This report contains market size and forecasts of Micro PV Inverters in global, including the following market information:
Global Micro PV Inverters Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Micro PV Inverters Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Micro PV Inverters companies in 2021 (%)
The global Micro PV Inverters market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Low Frequency Inverter Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Micro PV Inverters include Enphase Energy, SolarEdge, General Electric, Siemens, SMA Solar Technology, Schneider Electric, Cyber​​ Power Systems, OutBack Power Technologies and Luminous, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Micro PV Inverters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Micro PV Inverters Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Micro PV Inverters Market Segment Percentages, by Type, 2021 (%)
Low Frequency Inverter
High Frequency Inverter
Global Micro PV Inverters Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Micro PV Inverters Market Segment Percentages, by Application, 2021 (%)
DC Voltage Source
Grid Connection
Others
Global Micro PV Inverters Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Micro PV Inverters Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Micro PV Inverters revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Micro PV Inverters revenues share in global market, 2021 (%)
Key companies Micro PV Inverters sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Micro PV Inverters sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Enphase Energy
SolarEdge
General Electric
Siemens
SMA Solar Technology
Schneider Electric
Cyber​​ Power Systems
OutBack Power Technologies
Luminous
Leonics
INVT
Easun Power
Alencon Systems
Fimer Group (ABB)
Sungrow
Hitachi
Huawei
TBEA
Yaskawa-Solectria Solar
Power Electronics
Fronius
TMEIC
Growatt
Tabuchi Electric
Apsystems
NEGO
Yuneng Technology
Hoymiles
Ginlong
GoodWe