Micro-Inverter Market by Component (Software, Hardware, Services), Type (Three Phase, Single Phase), Application (PV Power Plant, Residential, Commercial), Communication Technology, Sales Channel, and Region – 2024 to 2029

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OVERVIEW

The overall market for micro-inverters is expected to hit USD 6.4 billion by 2024, with a CAGR of 18.5% from 2019 to 2024. Growth in this market is driven by an increasing demand for micro-inverter solutions in residential applications and a growing awareness of their inherent benefits, remote monitoring capabilities, and a rise in investment in renewable energy, along with supporting government initiatives.

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 1

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 2

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 3

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 4

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 5

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 6

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 7

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 8

TABLE OF CONTENT

1 Global Micro-Inverter Market 
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope

2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Global Micro-Inverter Market – Executive Summary
3.1 Market Revenue, Market Size and Key Trends by Company
3.2 Key Trends by type of Application
3.3 Key Trends segmented by Geography

4 Global Micro-Inverter Market – Comparative Analysis
4.1 Product Benchmarking – Top 10 companies
4.2 Top 5 Financials Analysis
4.3 Market Value split by Top 10 companies
4.4 Patent Analysis – Top 10 companies
4.5 Pricing Analysis

5 Global Micro-Inverter Market – Industry Market Entry Scenario
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis – Top 10 companies

6 Global Micro-Inverter Market – Market Forces
6.1 Introduction
6.2 Market Dynamics
6.2.1 Drivers
6.2.2 Opportunities
6.2.3 Challenges
6.3 Porters Analysis of Market
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes

7 Global Micro-Inverter Market – Strategic Analysis
7.1 Value Chain analysis
7.2 Product Life Cycle
7.3 Supplier and distributor analysis (Market share and product dealing strategies)

8 Global Micro-Inverter Market – By Component (Market Size – & million/billion)
8.1 Support Services
8.2 Software

9 Global Micro-Inverter Market – By Type
9.1 Single Phase
9.2 Three Phase

10 Global Micro-Inverter Market – By Communication Technology
10.1 Wired
10.2 Wireless

11 Global Micro-Inverter Market – By Sales Channel
11.1 Direct
11.2 Indirect

12 Global Micro-Inverter Market – By Application
12.1 Residential
12.2 Commercial
12.3 PV Power Plant

13 Global Micro-Inverter Market – By Geography (Market Size – & million/billion)
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 U.K
13.3.2 Germany
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia-Pacific
13.4.1 China
13.4.2 Japan
13.4.3 India
13.4.4 South Korea
13.4.5 Rest of APAC
13.5 Rest of the World
13.5.1 South America
13.5.2 Middle East
13.5.3 Africa

14 Global Micro-Inverter Market – Entropy
14.1 New product launches
14.2 M&A’s, collaborations, JVs and partnerships

15 Global Micro-Inverter Market Company Profile (Key Players)
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Enphase Energy
15.3 SunPower
15.4 Darfon Electronics
15.5 Altenergy Power System
15.6 ReneSola
15.7 SMA Solar Technology
15.8 AEconversion
15.9 Siemens
15.10 Chilicon Power
15.11 Sparq Systems
15.12 Company 11 & more

16 Global Micro-Inverter Market – Appendix
16.1 Sources
16.2 Abbreviations

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OVERVIEW

The overall market for micro-inverters is expected to hit USD 6.4 billion by 2024, with a CAGR of 18.5% from 2019 to 2024. Growth in this market is driven by an increasing demand for micro-inverter solutions in residential applications and a growing awareness of their inherent benefits, remote monitoring capabilities, and a rise in investment in renewable energy, along with supporting government initiatives.

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 9

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 10

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 11

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 12

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 13

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 14

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 15

Micro-inverter market by component (software, hardware, services), type (three phase, single phase), application (pv power plant, residential, commercial), communication technology, sales channel, and region - 2024 to 2029 16

TABLE OF CONTENT

1 Global Micro-Inverter Market 
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope

2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Global Micro-Inverter Market – Executive Summary
3.1 Market Revenue, Market Size and Key Trends by Company
3.2 Key Trends by type of Application
3.3 Key Trends segmented by Geography

4 Global Micro-Inverter Market – Comparative Analysis
4.1 Product Benchmarking – Top 10 companies
4.2 Top 5 Financials Analysis
4.3 Market Value split by Top 10 companies
4.4 Patent Analysis – Top 10 companies
4.5 Pricing Analysis

5 Global Micro-Inverter Market – Industry Market Entry Scenario
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis – Top 10 companies

6 Global Micro-Inverter Market – Market Forces
6.1 Introduction
6.2 Market Dynamics
6.2.1 Drivers
6.2.2 Opportunities
6.2.3 Challenges
6.3 Porters Analysis of Market
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes

7 Global Micro-Inverter Market – Strategic Analysis
7.1 Value Chain analysis
7.2 Product Life Cycle
7.3 Supplier and distributor analysis (Market share and product dealing strategies)

8 Global Micro-Inverter Market – By Component (Market Size – & million/billion)
8.1 Support Services
8.2 Software

9 Global Micro-Inverter Market – By Type
9.1 Single Phase
9.2 Three Phase

10 Global Micro-Inverter Market – By Communication Technology
10.1 Wired
10.2 Wireless

11 Global Micro-Inverter Market – By Sales Channel
11.1 Direct
11.2 Indirect

12 Global Micro-Inverter Market – By Application
12.1 Residential
12.2 Commercial
12.3 PV Power Plant

13 Global Micro-Inverter Market – By Geography (Market Size – & million/billion)
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 U.K
13.3.2 Germany
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia-Pacific
13.4.1 China
13.4.2 Japan
13.4.3 India
13.4.4 South Korea
13.4.5 Rest of APAC
13.5 Rest of the World
13.5.1 South America
13.5.2 Middle East
13.5.3 Africa

14 Global Micro-Inverter Market – Entropy
14.1 New product launches
14.2 M&A’s, collaborations, JVs and partnerships

15 Global Micro-Inverter Market Company Profile (Key Players)
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Enphase Energy
15.3 SunPower
15.4 Darfon Electronics
15.5 Altenergy Power System
15.6 ReneSola
15.7 SMA Solar Technology
15.8 AEconversion
15.9 Siemens
15.10 Chilicon Power
15.11 Sparq Systems
15.12 Company 11 & more

16 Global Micro-Inverter Market – Appendix
16.1 Sources
16.2 Abbreviations

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