Global Micro Inverter Market Research Report 2022: Growth, Recent Trends And Forecast To 2031

The global micro-inverter market report by the business research company the increase in residential solar rooftop installations to be a major growth driver for the micro-inverter market. Microinverters are installed behind each solar panel to convert the direct current into an alternating current. These microinverters operate independently and perform at their fullest potential compared to conventional or string inverters. For instance, according to the study published by the Solar Energy Industries Association, residential solar installations in the United States increased from 19,190.5 megawatts of direct current (MWdc) in 2020 to 23,315.3 MWdc in 2021. Thus, the rise in residential solar rooftop installation and a shift in interest towards highly effective power conversion technologies are expected to boost the microinverter market during the forecast period

The global micro inverter market size is expected to grow from $1.93 billion in 2021 to $2.35 billion in 2022 at a compound annual growth rate (CAGR) of 21.9%. The global micro inverter market size is expected to grow to $5.45 billion in 2026 at a CAGR of 23.4%.

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North America was the largest region in the micro inverter market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global micro inverter market during the forecast period. The regions covered in the global micro inverter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the micro inverter market are Enphase Energy, AP Systems, Darfon Electronics Corporation, ReneSola, Chilicon Power, Sensata Technologies, P and P Energy Technology Co. Limited, Canadian Solar, SPARQ Systems, Loom Solar, and FIMER S.p.A.

The global micro inverter market is segmented -
1) By Type: Single Phase, Three Phase
2) By Offering: Hardware, Software and Services
3) By Power Rating: Below 250 W, Between 250 W and 500 W, Above 500 W
4) By Application: Residential, Commercial, PV Power Plant

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The Micro-inverter market Report Contents Include
1. Executive Summary
2. Micro Inverter Market Characteristics
3. Micro Inverter Market Trends And Strategies
4. Impact Of COVID-19 On Micro Inverter
5. Micro Inverter Market Size And Growth
.......
26. Africa Micro Inverter Market
27. Micro Inverter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Micro Inverter Market
29. Micro Inverter Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the micro-inverter market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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