Micro Inverter Market by Type (Single Phase, Three Phase and Others), By Connection (Stand-Alone,Grid-Connected), Industry Trends, Estimation & Forecast, 2016 - 2024

Micro Inverter Market was valued at $635 million in 2016 and is projected to reach $4.33 billion by 2024, having a CAGR of 27.3% during the forecast period of 2017 to 2024.In 2016, the single phase micro inverter segment generated the highest revenue share in the global micro inverter market.

A micro-inverter, also called as solar micro inverter is a device used in photovoltaic that is capable enough of converting direct current (DC) generated by a single solar module to alternating current (AC). The output from several micro inverters is combined and often fed to the electrical grid. Inverters also enable us to switch off all electrical current in the case of a blackout or if repair is needed. This is of course also useful for maintenance, troubleshooting and system upgrade as well. Micro-inverters optimizes for each solar panel alone, not for your entire solar system, as central inverters do. This enables every solar panel to perform at their maximum potential.

Market Dynamics

Factors such as growing awareness regarding the use of renewable energy sources, improved efficiency and optimal performance are driving the growth of the micro inverter market. Micro inverters comparatively generate more power output in comparison to conventional systems. Moreover, continuous R&D efforts taken up by manufacturers in refining the micro inverter technology and growing residential market and government subsidies are also pushing the industry growth. Rising affordability of energy storage devices creates ample opportunities for the market. However, high installation and tough maintenance techniques could limit the market growth. Government spending on renewable energy projects are expected to provide huge opportunities for the growth of market.

Market Segmentation

The Global Micro Inverter Market is segmented on the basis of type, connection, end user, and geography. By type, the micro inverter market is categorized as single phase and three phase. On the basis of connection, the market is segmented as stand-alone and grid-connected micro inverters. On the basis of end-user the market is segmented as residential and commercial. Geographically, the market is segmented as North-America, Europe, Asia-Pacific and Rest of World. Out of major geographical regions, North American micro inverter market generated the highest revenue in 2016 and is expected to lead the market throughout the forecast period.

Some major companies of the market are Enphase Energy, Inc., ABB Group, SunPower Corporation, SMA Solar Technology AG, Delta Energy Systems GmbH, SolarEdge Technologies Inc., ReneSola, Siemens AG, P&P Energy Technology Co., Limited, Involar

MICRO INVERTER MARKET SEGMENTATION
By type
Single Phase
Three Phase

By Connection
Stand-Alone
Grid-Connected

By End User
Residential
Commercial

By Geography
North America
Europe
Asia-Pacific
Rest of World

KEY MARKET PLAYERS

Enphase Energy,Inc.
ABB Group
SunPower Corporation
SMA Solar Technology AG
Delta Energy Systems GmbH
SolarEdge Technologies Inc.
ReneSola
Siemens AG
P&P Energy Technology Co.Limited
Involar
CHAPTER 1. INTRODUCTION

1.1. RESEARCH METHODOLOGY
1.1.1. ERC desk research
1.1.2. ERC data synthesis
1.1.3. Data validation and market feedback
1.1.4. ERC data sources
1.2. RESEARCH SCOPE

CHAPTER 2. MARKET OVERVIEW

2.1. RESEARCH SUMMARY
2.2. VALUE CHAIN ANALYSIS
2.3. FIVE FORCES ANALYSIS
2.4. MARKET PLAYER POSITIONING
2.5. DEMAND FORECAST
2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
2.7. MARKET DETERMINANTS

2.7.1. Drivers
2.7.1.1. Rising installation of residential solar system
2.7.1.2. Growing reliability and safety
2.7.1.3. Higher output and cost-efficiency
2.7.2. Restraints
2.7.2.1. High maintenance cost
2.7.3. Opportunities
2.7.3.1. Increasing government initiatives

CHAPTER 3. GLOBAL MICRO INVERTER MARKET BY TYPE

3.1. SEGMENT OUTLINE
3.2. GLOBAL MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024
3.3. SINGLE PHASE
3.3.1. Current trends
3.3.2. Market growth indicators
3.3.3. Global single phase micro inverter market revenue by region, 2016-2024
3.4. THREE PHASE
3.4.1. Current trends
3.4.2. Market growth indicators
3.4.3. Global three phase micro inverter market revenue by region, 2016-2024

CHAPTER 4. GLOBAL MICRO-INVERTER MARKET BY CONNECTION

4.1. SEGMENT OUTLINE
4.2. GLOBAL MICRO INVERTER MARKET REVENUE BY CONNECTION, 2016-2024
4.3. STAND ALONE
4.3.1. Current trends
4.3.2. Market growth indicators
4.3.3. Global stand-alone micro inverter market revenue, 2016-2024
4.4. GRID CONNECTED
4.4.1. Current trends
4.4.2. Market growth indicators
4.4.3. Global grid connected micro inverter market revenue by region, 2016-2024

CHAPTER 5. GLOBAL MICRO INVERTER MARKET BY END USER

5.1. SEGMENT OUTLINE
5.2. GLOBAL MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024
5.3. RESIDENTIAL
5.3.1. Current trends
5.3.2. Market growth indicators
5.3.3. Global residential micro inverter market revenue by region, 2016-2024
5.4. COMMERCIAL
5.4.1. Current trends
5.4.2. Market growth indicators
5.4.3. Global commercial micro inverter market revenue by region, 2016-2024

CHAPTER 6. GLOBAL MICRO INVERTER MARKET BY GEOGRAPHY

6.1. SEGMENT OUTLINE
6.2. GLOBAL MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2016-2024
6.3. NORTH AMERICA
6.3.1. Market trends
6.3.2. Market growth indicators
6.3.3. North America micro inverter market revenue by end user, 2016-2024
6.3.4. North America micro inverter market revenue by type, 2016-2024
6.3.5. North America micro inverter market revenue by country, 2016-2024
6.4. EUROPE
6.4.1. Market trends
6.4.2. Market growth indicators
6.4.3. Europe micro inverter market revenue by end user, 2016-2024
6.4.4. Europe micro inverter market revenue by type, 2016-2024
6.4.5. Europe micro inverter market revenue by country, 2016-2024
6.5. ASIA PACIFIC
6.5.1. Market trends
6.5.2. Market growth indicators
6.5.3. APAC micro inverter market revenue by end user, 2016-2024
6.5.4. APAC micro inverter market revenue by type, 2016-2024
6.5.5. APAC micro inverter market revenue by country, 2016-2024
6.6. REST OF THE WORLD
6.6.1. Market trends
6.6.2. Market growth indicators
6.6.3. ROW micro inverter market revenue by end user, 2016-2024
6.6.4. ROW micro inverter market revenue by type, 2016-2024
6.6.5. ROW micro inverter market revenue by country, 2016-2024

CHAPTER 7. KEY VENDOR PROFILES

7.1. SUNPOWER CORPORATION
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Business overview
7.1.4. Strategic attempts
7.2. DELTA ENERGY SYSTEMS GMBH
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Business overview
7.2.4. Strategic attempts
7.3. ENPHASE ENERGY, INC.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Business overview
7.3.4. Strategic attempts
7.4. RENESOLA
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Business overview
7.4.4. Strategic attempts
7.5. SIEMENS AG
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Business overview
7.5.4. Strategic attempts
7.6. SOLAR EDGE TECHNOLOGIES INC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Business overview
7.6.4. Strategic attempts
7.7. SMA SOLAR TECHNOLOGY AG
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Business overview
7.7.4. Strategic attempts
7.8. INVOLAR
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Business overview
7.8.4. Strategic attempts
7.9. ABB GROUP
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Business overview
7.9.4. Strategic attempts
7.10. P & P ENERGY TECHNOLOGY CO., LTD
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Business overview
7.10.4. Strategic attempts

LIST OF TABLES

TABLE NO 1. GLOBAL MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION)
TABLE NO 2. GLOBAL SINGLE PHASE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 3. GLOBAL THREE PHASE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 4. GLOBAL MICRO INVERTER MARKET REVENUE BY CONNECTION, 2016-2024 ($MILLION)
TABLE NO 5. GLOBAL STAND ALONE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 6. GLOBAL GRID CONNECTED MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 7. GLOBAL MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION)
TABLE NO 8. GLOBAL RESIDENTIAL MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 9. GLOBAL COMMERCIAL MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 10. GLOBAL MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($MILLION)
TABLE NO 11. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY END USER, 2016-2014 ($MILLION)
TABLE NO 12. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2014 ($MILLION)
TABLE NO 13. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2014 ($MILLION)
TABLE NO 14. EUROPE MICRO INVERTER MARKET REVENUE BY END USER, 2016-2014 ($MILLION)
TABLE NO 15. EUROPE MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2014 ($MILLION)
TABLE NO 16. EUROPE MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2014 ($MILLION)
TABLE NO 17. APAC MICRO INVERTER MARKET REVENUE BY END USER, 2016-2014 ($MILLION)
TABLE NO 18. APAC MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2014 ($MILLION)
TABLE NO 19. APAC MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2014 ($MILLION)
TABLE NO 20. ROW MICRO INVERTER MARKET REVENUE BY END USER, 2016-2014 ($MILLION)
TABLE NO 21. ROW MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2014 ($MILLION)
TABLE NO 22. ROW MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2014 ($MILLION)

LIST OF FIGURES

FIGURE NO 1. VALUE CHAIN ANALYSIS
FIGURE NO 2. PORTERS FIVE FORCES ANALYSIS
FIGURE NO 3. MARKET SHARE ANALYSIS
FIGURE NO 4. INVESTMENT OPPORTUNITIES
FIGURE NO 5. KEY STRATEGIC ATTEMPTS (%SHARE)
FIGURE NO 6. KEY IMPACTING FACTORS
FIGURE NO 7. GLOBAL MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION)
FIGURE NO 8. GLOBAL SINGLE PHASE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 9. GLOBAL THREE PHASE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 10. GLOBAL MICRO INVERTER MARKET REVENUE BY CONNECTION, 2016-2024 ($MILLION)
FIGURE NO 11. GLOBAL STAND ALONE MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 12. GLOBAL GRID CONNECTED MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 13. GLOBAL MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION)
FIGURE NO 14. GLOBAL RESIDENTIAL MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 15. GLOBAL COMMERCIAL MICRO INVERTER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 16. GLOBAL MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($MILLION)
FIGURE NO 17. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION)
FIGURE NO 18. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION)
FIGURE NO 19. NORTH AMERICA MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2024 ($MILLION)
FIGURE NO 20. EUROPE MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION)
FIGURE NO 21. EUROPE MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION)
FIGURE NO 22. EUROPE MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2024 ($MILLION)
FIGURE NO 23. APAC MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION)
FIGURE NO 24. APAC MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION)
FIGURE NO 25. APAC MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2024 ($MILLION)
FIGURE NO 26. ROW MICRO INVERTER MARKET REVENUE BY END USER, 2016-2024 ($MILLION)
FIGURE NO 27. ROW MICRO INVERTER MARKET REVENUE BY TYPE, 2016-2024 ($MILLION)
FIGURE NO 28. ROW MICRO INVERTER MARKET REVENUE BY COUNTRY, 2016-2024 ($MILLION)

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