Press release
Micro Inverter Market 2025: Industry in Solar Conversion and System Optimization | Leading Players - Canadian Solar, Chilicon Power, SolarEdge Technologies, Altenergy Power System, Darfon Electronics
Micro Inverter Market
Rising demand for microinverters has boosted battery storage production. In April 2022, Yotta Energy (Austin, Texas) secured a US$1.97 million contract to install a solar + storage microgrid at Nellis Air Force Base, Las Vegas.
President Joe Biden is expected to announce a USD 60 million investment by Enphase Energy Inc., a leading solar equipment manufacturer, during his South Carolina visit. Enphase plans to set up six new manufacturing lines, enhancing clean-energy supply chains and enabling solar power for up to 1 million
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Latest M&A Activity
Although specific recent headline M&A deals exclusively in microinverter manufacturing are less publicized, major players in solar and inverter technology sectors, such as Enphase Energy and Sungrow, continue to expand their market share through technological innovation and strategic partnerships.
The solar inverter industry overall is seeing concentration with companies like SMA, Mitsubishi Electric, and Sungrow acquiring smaller competitors or technology startups to enhance product offerings including microinverters
Key Players:
Enphase Energy, ABB, Siemens, Infineon Technologies, Canadian Solar, Chilicon Power, SolarEdge Technologies, Altenergy Power System, Darfon Electronics and Renesola.
Key Development:
On 29 March 2023, Enphase Energy, a global energy technology company specializing in microinverter-based solar and battery systems, announced shipments of its IQ8 Microinverters to France and the Netherlands. With a peak AC output of 384VA, these inverters are designed to support high-powered solar modules and boost energy production.
On 12 May 2023, international solar company Sun King launched a new solar inverter in Nigeria to reduce reliance on costly fossil-fuel generators and the unreliable national grid. The inverter marks a significant enhancement in the company's solar generation capacity.
On 19 January 2023, SOFAR, a global solar solutions provider, unveiled its latest string inverter, the SOFAR 100-125KTL-G4, at the World Future Energy Summit. Optimized for commercial, industrial, and small-scale utility solar applications, it offers ultra-high current capabilities, easy installation, and intelligent protection features.
Growth Forecast Projected:
The Global Micro Inverter Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Micro Inverter Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Type: (Single Phase, Three Phase)
By Component: (Hardware, Software, Services)
By Communication Technology: (Wired, Wireless)
By Sales Channel: (Direct, Indirect)
By Application: (Residential, Commercial, Solar Power Plant)
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Micro Inverter producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Micro Inverter revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
Q1: What is the current size of the Micro Inverter Market?
A: The Micro Inverter Market stood at USD 2.8 billion in 2022 and is set to experience remarkable growth, reaching USD 8.5 billion by 2031
Q2: How fast is the Micro Inverter Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 20.5% from 2025 to 2032
New Product Launches
Sungrow launched its next-gen S2500S-L microinverter for the Brazilian market in August 2025. It supports 2.5 kW output per unit, can be connected up to 7.5 kW, and operates reliably in high temperatures up to 80°C, making it ideal for the Brazilian climate.
Enphase Energy introduced its IQ9-3P commercial microinverter at RE+ 2025, a GaN-based, transformerless microinverter designed for 480 V 3-phase commercial/industrial rooftop PV systems delivering up to 97.5% conversion efficiency. It supports PV modules up to 600 W.
Hoymiles showcased its MiS series microinverters at Intersolar North America 2025, featuring lightweight, compact design and fast installation for residential and commercial solar applications.
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