Solar Microinverter Market By Type (Single Phase and Three Phase), By Connectivity (Integrated, Standalone), By Application (Residential, Commercial, PV Power Plant), By Sales Channel (Direct and Indirect), By Region, Forecast & Opportunities, 2026

Global solar microinverter market was valued USD 1166.24 Million in 2019 and is projected to grow at double-digit CAGR of 24.32% by 2026

Regionally, North America dominated the market until 2020 on account of high number of solar micro-inverter installations in the region, predominantly in US and Canada, which is contributing to dominating position of the region in the market.

Major players operating in the global solar microinverter market include SMA Solar Technology AG, Darfon Electronics Corp., ABB Ltd., Altenergy Power System Inc., Enphase Energy Inc, SolarEdge Technologies, Inc., SunPower Corporation, Chilicon Power, LLC, I Energy Corporation Limited, NEP Microinverter Inc. and others. The key market players are adopting some competitive strategies such as mergers & acquisitions, partnership, agreements in order to expand their geographic reach and to increase their customer bases.

Years considered for this report

Historical Years2016-2019

Base Year2020

Estimated Year2021

Forecast Period2022–2026

Objective of the Study

• To analyze and estimate the market size of global solar microinverter market from 2016 to 2019.
• To estimate and forecast the market size of global solar microinverter market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast global solar microinverter market based on type, connectivity, application, sales channel, company and regional distribution.
• To identify dominant region or segment in the global solar microinverter market.
• To identify drivers and challenges for global solar microinverter market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global solar microinverter market.
• To conduct pricing analysis for global solar microinverter market.
• To identify and analyze the profile of leading players operating in global solar microinverter market.
• To identify key sustainable strategies adopted by market players in global solar microinverter market.

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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers and presence of all major players across the globe.

Market insights research calculated the market size of

Key Target Audience

• Solar microinverter manufacturers, suppliers and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to solar microinverter
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as