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Solar Microinverter Market Size Outlook (2022 to 2032)

[202 Pages Report] Global demand for solar microinverter is expected to be at a CAGR of 18.1% from 2022 to 2032, reaching a valuation of US$ 5,716.0 Million by 2032. The market is supported by:

  • Global small and medium entrants and other venture capital-funded start-ups, most notably in developing regions
  • The growing number of investments in technologies to meet the expansion needs
  • Ongoing diversification in product portfolios
  • Increasing demand from residential and commercial sectors

By system type, the integrated system category is set to make up over 8% of the global solar microinverter market share in 2022. Residential and commercial sectors are witnessing significant growth in emerging countries, making microinverters a crucial component of solar energy systems. In addition to this, the growing awareness about various environmental issues is surging the number of solar panel installations at the global level.

Attributes Key Statistics
Global Solar Microinverter Market Estimated Size (2022E) US$ 1,177.2 Million
Projected Market Valuation (2032F) US$ 5,716.0 Million
Value-based CAGR (2022 to 2032) 18.1%
Collective Value Share: Top 5 Countries (2022) 70.1 %

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Development of Industrial Automation in the North American Region Drives Global Growth

Significant opportunities for new sales exist in developing countries throughout the North American region. The growing use of solar photovoltaics in the residential sector of the USA is primarily fueled by electricity cost savings, surging demand for an alternative electricity source, and the urgent need to reduce the risk of climate change. In August 2022, Enphase Energy Inc. acquired GreenCom Networks, which provides internet of things software solutions for customers in Germany. The acquisition is expected to provide installers with a full range of home energy management systems and facilitate green EV charging.

The availability of solar energy in abundance and its great potential is also driving the demand for solar energy over traditional power sources in the USA, which is anticipated to boost sales of solar microinverters. It is estimated that the USA will generate roughly 34.8% of the global solar microinverter market share during the projected timeframe.

Solar Microinverter Market

Rapid Shift towards Central Inverters in Construction Industry to Boost the Market

According to World Bank estimates, the global economy would increase by 3.2% in 2023, creating a sizable window of opportunity for the construction industry to thrive in different parts of the world. As a result of increased investment in technologies for producing renewable energy, the market for solar microinverters is anticipated to expand. In April 2022, SMA launched the Sunny Tripower X as part of its Energy Systems Home and Business. For the first time, a three-phase solar inverter combines cutting-edge solar power generation with SMA Data Manager M capabilities powered by ennexOS. The Sunny Tripower X not only monitors, manages, and controls up to five inverters in commercial and residential energy systems with outputs of up to 135 kW, but it also allows participation in the energy sector.

The ongoing development and uptake of better-performing products that are easier to use and are more beneficial will also support demand. In comparison to traditional string and central inverters, micro solar inverters have several advantages, including high energy yield, module-level monitoring capabilities, longer life cycles, improved safety, better flexibility, simplicity, higher labor efficiency, and no single point of failure. Moreover, new solar companies are anticipated to enter the microinverter industry owing to the growing use of AC modules, and the implementation of strict standards.

According to World Bank estimates, the global economy would increase by 3.2% in 2023, creating a sizable window of opportunity for the construction industry to thrive in different parts of the world. As a result of increased investment in technologies for producing renewable energy, the market for solar microinverters is anticipated to expand. Enhanced technical advantages of microinverters over other conventional products are also fueling the demand for solar microinverters.

Small and medium enterprises (SMEs) and other venture capital-funded startups in the microinverter space are being acquired by established players in the solar inverter market. Solar microinverter installation companies and module firms are expected to diversify their product portfolios and gain a competitive advantage in the market.

Moreover, new solar companies are anticipated to enter the microinverter industry as a result of the success of leading microinverter companies, the growing use of AC modules, and the implementation of strict standards. The solar micro inverter market is well represented by several businesses that have distinctive technology. Mergers and acquisitions are also anticipated to boost the demand for solar microinverters in the assessment period.

The market is expected to be driven by increasing demand from residential and commercial sectors owing to high energy yield, module-level monitoring abilities, and enhanced safety of microinverters based on solar power. Solar microinverters also provide better flexibility and higher labor efficiency. The solar microinverter market accounts for around 12-16% of the global solar inverter market, finds FMI.

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Nikhil Kaitwade

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2017 to 2021 Global Solar Microinverter Demand Outlook Compared to 2022 to 2032 Forecast

The global solar microinverters market grew at a CAGR of 14.2% between 2017 and 2021, according to historical data. Demand for solar microinverters is anticipated to reach US$ 1,177.2 Million in the global market in 2022, says FMI.

Growing environmental consciousness and implementation of strict laws governing the use of non-renewable power generation methods to address power shortage issues are driving the demand for solar microinverters globally. A micro inverter operates on module-level power electronics, in which power conversion happens at the level of each module in contrast to typical string/central inverters.

Residential and commercial sectors have witnessed significant growth in emerging countries. Microinverters are considered to be a crucial component of solar energy systems. Growing awareness about various environmental issues is also projected to surge the number of solar panel installations worldwide, thereby pushing sales of solar microinverters in the evaluation period. Owing to their flexible design and increased safety, the demand for stand-alone systems is expected to grow in the next decade in the solar micro inverter market.

Top 3 Trends Boosting Growth in the Solar Microinverter Market

  • Rising Spending on Renewable Energy

People are becoming more interested in using solar panels and other alternative energy sources due to growing concerns about the depletion of fossil fuels and rising emission levels. Increasing solar panel installations will eventually spur microinverter sales as they are a crucial component of solar energy systems. China alone, according to the International Energy Agency (IEA), was in charge of 75% of the rise in yearly solar PV installations between 2019 and 2020.

According to the IEA, global energy investment is expected to expand by 8% in 2022 to reach US$ 2.4 Trillion, with the surge primarily coming from renewable energy. It is also projected that changing government regulations and increased funding for subsidy-driven solar technologies will spur the demand for solar microinverters.

  • Rapid Shift from Conventional String and Central Inverters

In comparison to traditional string and central inverters, micro solar inverters have several advantages, including high energy yield, module-level monitoring capabilities, longer life cycles, improved safety, better flexibility, simplicity, higher labor efficiency, and no single point of failure. These important advantages have recently expanded the use of microinverters in the solar industry.

  • Increasing Popularity of Solar PV Inverters

The rising adoption of solar panels across the residential sector will continue to push the demand for microinverters during the forecast period. With the rapid transition towards renewable energy resources, robust urbanization, growing popularity of PV inverters, and presence of leading micro inverter manufacturers worldwide, solar micro inverters are expected to exhibit high demand during the projection period.

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Country-wise Insights

How is the USA Solar Microinverter Market Faring?

“Increasing Demand for Clean Electricity across the USA to Fuel Sales of Micro Inverter Systems”

The growing use of solar photovoltaics in the residential sector of the USA is primarily fueled by electricity cost savings, surging demand for an alternative electricity source, and the urgent need to reduce the risk of climate change. The availability of solar energy in abundance and its great potential is also driving the demand for solar energy over traditional power sources in the USA, which is anticipated to boost sales of solar microinverters. It is estimated that the USA will generate roughly 34.8% of the global solar microinverter market share during the projected timeframe.

Why is the Germany Solar Microinverter Market Showcasing High Growth?

“Rising Electrification to Boost Demand for Solar Central Inverters in Germany”

The German solar micro inverter market is anticipated to hold a larger share of nearly 7.5% during the forecast timeframe. The market for solar microinverters in the country is anticipated to be valued at about US$ 463.0 Million in 2032, says FMI. Increasing awareness about sustainable energy options and increased electrification across end-use sectors across the globe are likely to aid growth. In addition, rising demand for solar micro inverters from the residential and commercial sectors is anticipated to accelerate the solar microinverter market in the country.

Category-wise Insights

Which is the Highly Preferred System Type in the Solar Microinverter Market?

“Standalone Solar String Inverters to Gain Traction in the Global Market”

By system type, the standalone segment is anticipated to reach a valuation of US$ 1,083.0 Million in 2022 and is projected to expand at a CAGR of 15.8% from 2022 to 2032. Growth is attributed to various advantages of solar microinverters like low maintenance and upkeep costs. On the other hand, by 2032, the integrated segment is expected to grow at a CAGR of 31.2% in the solar micro inverter market.

Which End Use Segment is Expected to Dominate the Global Solar Microinverter Market?

“Residential Sector to Boost Sales of Solar Systems with Micro Inverters”

Residential consumers are moving away from conventional inverters due to growing regulatory concerns about the safety of solar PV installations and a rising preference for high-efficiency systems. These factors are driving development in the residential end-use category. Increasing demand for sustainable and clean energy due to growing concerns about greenhouse gas emissions would also support market expansion.

As per FMI, the residential segment is projected to reach a valuation of around US$ 882.9 Million in 2022 and account for about 75.0% of the global market share in the same year. During the projected period, the commercial segment, on the other hand, is anticipated to exhibit a CAGR of 17.5% in the solar micro inverter market.

Competitive Landscape

Manufacturers of solar microinverters are continuously under pressure to improve their products’ reliability and efficiency as there is a higher demand for environmentally friendly solar products. Manufacturing businesses want to increase the availability of their solar microinverters on the market through the introduction of new products and increased collaboration activities.

In the moderately concentrated solar microinverter market, a few companies, including Enphase Energy Inc., Altenergy Power Systems Inc., SMA Solar Technology AG, ABB Ltd., SunPower Corporations, Darfon Electronics Corporation, Northern Electric and Power Co. Ltd., Sparq Systems, Chilicon Power, LLC, and iEnergy Co. Ltd control the majority of the share.

For instance,

  • In August 2022, Enphase Energy Inc. acquired GreenCom Networks, which provides internet of things software solutions for customers in Germany. The acquisition is expected to provide installers with a full range of home energy management systems and facilitate green EV charging.

Enphase, Altenergy Power System, and SMA Solar Technology – The Perfect Trifecta for a Bright Future

Enphase's goal is to advance solar technology to the point where it can provide all of the world's energy needs. The three commitments that have led the company from the beginning include innovation, quality, and responsibility. These remain constant as the company works toward the vision of creating a solar-powered globe.

For instance, in October 2021, a complete Enphase Energy System with IQ8 solar microinverters was made available by the company for clients in North America. IQ8 is considered to be the company’s smartest microinverter yet. It can form a microgrid during a power outage by utilizing only sunlight. It provides backup power even without the requirement of a battery.

Similarly, in June 2020, Enphase Energy collaborated with Excel Power of Australia. Excel Power built a 50 kW Enphase micro-inverter-based system for Wippells Autos, a Jaguar and Land Rover dealer in Toowoomba City, Queensland, as part of this collaboration.

Altenergy Power System (APsystems), on the other hand, stands in the second position among the top micro inverter manufacturers worldwide. For home and commercial systems, the company provides innovative, powerful solar microinverter technology. It combines efficient power inversion with user-friendly monitoring to offer dependable and sustainable energy.

For instance, in December 2020, APsystems announced that its total global shipments of microinverter devices have surpassed 1GW. To reach its next objective of achieving 1GW of microinverter shipments yearly, the company will continue to concentrate on a strong product and market development.

Moreover, to achieve its goal of 1GW, it has been progressively increasing its market share and brand recognition by concentrating on providing high-quality products that would satisfy customers' expectations. The 1GW shipment equates to more than 3.5 million APsystems’ microinverters shipped globally (based on a single unit basis), which are anticipated to produce 1.24 billion kWh annually, thereby reducing greenhouse gas emissions by 910,000 tons of CO2 and providing environmental benefits comparable to 45 million trees.

Similarly, SMA Solar Technology (SMA), a leading international expert in solar and storage system technology, is establishing benchmarks for the future's decentralized and sustainable energy supply. The company’s product line includes a wide range of effective PV and battery inverters, comprehensive system solutions for PV and battery-storage systems of all power classes, sophisticated energy management systems, and charging options for electric cars & power-to-gas applications.

For instance, in April 2022, SMA launched the Sunny Tripower X as part of its Energy Systems Home and Business. For the first time, a three-phase solar inverter combines cutting-edge solar power generation with SMA Data Manager M capabilities powered by ennexOS. The Sunny Tripower X not only monitors, manages, and controls up to five inverters in commercial and residential energy systems with outputs of up to 135 kW, but it also allows participation in the energy sector.

Scope of the Report

Attribute Details
Estimated Market Size (2022) US$ 1,177.2 Million
Projected Market Valuation (2032) US$ 5,716.0 Million
Value-based CAGR (2022 to 2032) 18.1%
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis Value (US$ Mn) and Volume (MW)
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa (MEA)
Key Countries Covered The USA, Canada, Brazil, Mexico, Germany, Italy, France, The UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Market Segments Covered System Type, End Use, and Region
Key Companies Profiled
  • Enphase Energy Inc.
  • Altenergy Power Systems Inc.
  • SMA Solar Technology AG
  • ABB Ltd.
  • SunPower Corporations
  • Darfon Electronics Corporation
  • Northern Electric and Power Co. Ltd.
  • Sparq Systems
  • Chilicon Power, LLC
  • iEnergy Co. Ltd
Report Coverage Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Key Segments Covered in Solar Microinverter Industry Analysis

By System Type:

  • Standalone
  • Integrated

By End Use:

  • Residential
  • Commercial
  • Utility

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

Frequently Asked Questions

How much is the global solar microinverter market worth?

The global solar microinverter market is set to be valued at US$ 1,177.2 Million in 2022.

What is the anticipated growth rate of the solar microinverter market from 2022 to 2032?

Sales of solar microinverters are anticipated to grow at a CAGR of about 18.1% in terms of value between 2022 and 2032.

Which end use segment would lead the solar microinverter market globally?

The residential segment is set to hold the highest solar microinverter market share of 75.0% in 2022 based on end-use.

Which system type segment accounts for the largest share of the global solar microinverter market?

About 92.0% of the global solar microinverter market share is predominately held by the standalone segment.

Which region dominates the global solar microinverter market?

North America dominates the global solar microinverter market and is expected to grow at a CAGR of 15.1% over the forecast period.

Table of Content

1. Executive Summary | Solar Microinverter Market

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032

    5.1. Historical Market Volume (MW) Analysis, 2017 to 2021

    5.2. Current and Future Market Volume (MW) Projections, 2022 to 2032

    5.3. Y-o-Y Growth Trend Analysis

6. Global - Pricing Analysis

    6.1. Regional Pricing Analysis By System Type

    6.2. Global Average Pricing Analysis Benchmark

7. Global Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global GDP Growth Outlook

        8.1.2. Global GDP and Infrastructure Investment

        8.1.3. Global Power Industry Overview

        8.1.4. Global Real estate Sector Growth Outlook

        8.1.5. Other Macro-economic Factors

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Top Companies Historical Growth

        8.2.2. GDP Growth forecast

        8.2.3. Urbanization Growth Outlook

        8.2.4. Business Climate

        8.2.5. Other Forecast Factors

    8.3. Value Chain

        8.3.1. List of Manufacturers

        8.3.2. List of Distributors

        8.3.3. End Users

    8.4. COVID-19 Crisis - Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by System Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Million) and Volume Analysis By System Type, 2017 to 2021

    9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By System Type, 2022 to 2032

        9.3.1. Standalone

        9.3.2. Integrated

    9.4. Market Attractiveness Analysis By System Type

10. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by End-Use

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) and Volume Analysis By End-Use, 2017 to 2021

    10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-Use, 2022 to 2032

        10.3.1. Residential

        10.3.2. Commercial

        10.3.3. Utility

    10.4. Market Attractiveness Analysis By End-Use

11. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021

    11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. East Asia

        11.3.5. South Asia and Pacific

        11.3.6. Middle East & Africa (MEA)

    11.4. Market Attractiveness Analysis By Region

12. North America Analysis 2017 to 2021 and Forecast 2022 to 2032

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        12.4.1. By Country

            12.4.1.1. The USA

            12.4.1.2. Canada

        12.4.2. By System Type

        12.4.3. By End-Use

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By System Type

        12.5.3. By End-Use

13. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        13.4.1. By Country

            13.4.1.1. Brazil

            13.4.1.2. Mexico

            13.4.1.3. Rest of Latin America

        13.4.2. By System Type

        13.4.3. By End-Use

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By System Type

        13.5.3. By End-Use

14. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        14.4.1. By Country

            14.4.1.1. Germany

            14.4.1.2. Italy

            14.4.1.3. France

            14.4.1.4. The UK

            14.4.1.5. Spain

            14.4.1.6. BENELUX

            14.4.1.7. Russia

            14.4.1.8. Rest of Europe

        14.4.2. By System Type

        14.4.3. By End-Use

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By System Type

        14.5.3. By End-Use

15. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        15.4.1. By Country

            15.4.1.1. China

            15.4.1.2. Japan

            15.4.1.3. South Korea

        15.4.2. By System Type

        15.4.3. By End-Use

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By System Type

        15.5.3. By End-Use

16. South Asia and Pacific Analysis 2017 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        16.4.1. By Country

            16.4.1.1. India

            16.4.1.2. Association of Southeast Asian Nations

            16.4.1.3. Australia and New Zealand

            16.4.1.4. Rest of SAP

        16.4.2. By System Type

        16.4.3. By End-Use

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By System Type

        16.5.3. By End-Use

17. Middle East and Africa Analysis 2017 to 2021 and Forecast 2022 to 2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        17.4.1. By Country

            17.4.1.1. GCC Countries

            17.4.1.2. Turkey

            17.4.1.3. Northern Africa

            17.4.1.4. South Africa

            17.4.1.5. Rest of Middle East and Africa

        17.4.2. By System Type

        17.4.3. By End-Use

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By System Type

        17.5.3. By End-Use

18. Country Wise Analysis 2022-2032

    18.1. Introduction

        18.1.1. Market Value Proportion Analysis, By Key Countries

        18.1.2. Global Vs. Country Growth Comparison

    18.2. The USA Analysis

        18.2.1. By System Type

        18.2.2. By End-Use

    18.3. Canada Analysis

        18.3.1. By System Type

        18.3.2. By End-Use

    18.4. Mexico Analysis

        18.4.1. By System Type

        18.4.2. By End-Use

    18.5. Brazil Analysis

        18.5.1. By System Type

        18.5.2. By End-Use

    18.6. Germany Analysis

        18.6.1. By System Type

        18.6.2. By End-Use

    18.7. Italy Analysis

        18.7.1. By System Type

        18.7.2. By End-Use

    18.8. France Analysis

        18.8.1. By System Type

        18.8.2. By End-Use

    18.9. The UK Analysis

        18.9.1. By System Type

        18.9.2. By End-Use

    18.10. Spain Analysis

        18.10.1. By System Type

        18.10.2. By End-Use

    18.11. BENELUX Analysis

        18.11.1. By System Type

        18.11.2. By End-Use

    18.12. Russia Analysis

        18.12.1. By System Type

        18.12.2. By End-Use

    18.13. China Analysis

        18.13.1. By System Type

        18.13.2. By End-Use

    18.14. Japan Analysis

        18.14.1. By System Type

        18.14.2. By End-Use

    18.15. S. Korea Analysis

        18.15.1. By System Type

        18.15.2. By End-Use

    18.16. India Analysis

        18.16.1. By System Type

        18.16.2. By End-Use

    18.17. ASEAN Analysis

        18.17.1. By System Type

        18.17.2. By End-Use

    18.18. Australia and New Zealand Analysis

        18.18.1. By System Type

        18.18.2. By End-Use

    18.19. GCC Countries Analysis

        18.19.1. By System Type

        18.19.2. By End-Use

    18.20. Turkey Analysis

        18.20.1. By System Type

        18.20.2. By End-Use

    18.21. Northern Africa Analysis

        18.21.1. By System Type

        18.21.2. By End-Use

    18.22. South Africa Analysis

        18.22.1. By System Type

        18.22.2. By End-Use

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies ( )

    19.2. Market Share Analysis of Top Players

    19.3. Market Presence Analysis

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive

        20.3.1. Enphase Energy Inc.

            20.3.1.1. Overview

            20.3.1.2. Product Portfolio

            20.3.1.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.1.4. Sales Footprint

            20.3.1.5. Strategy Overview

        20.3.2. Altenergy Power Systems Inc.

            20.3.2.1. Overview

            20.3.2.2. Product Portfolio

            20.3.2.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.2.4. Sales Footprint

            20.3.2.5. Strategy Overview

        20.3.3. SMA Solar Technology AG

            20.3.3.1. Overview

            20.3.3.2. Product Portfolio

            20.3.3.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.3.4. Sales Footprint

            20.3.3.5. Strategy Overview

        20.3.4. ABB Ltd.

            20.3.4.1. Overview

            20.3.4.2. Product Portfolio

            20.3.4.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.4.4. Sales Footprint

            20.3.4.5. Strategy Overview

        20.3.5. SunPower Corporations

            20.3.5.1. Overview

            20.3.5.2. Product Portfolio

            20.3.5.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.5.4. Sales Footprint

            20.3.5.5. Strategy Overview

        20.3.6. Darfon Electronics Corporation

            20.3.6.1. Overview

            20.3.6.2. Product Portfolio

            20.3.6.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.6.4. Sales Footprint

            20.3.6.5. Strategy Overview

        20.3.7. Northern Electric and Power Co. Ltd.

            20.3.7.1. Overview

            20.3.7.2. Product Portfolio

            20.3.7.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.7.4. Sales Footprint

            20.3.7.5. Strategy Overview

        20.3.8. Sparq Systems

            20.3.8.1. Overview

            20.3.8.2. Product Portfolio

            20.3.8.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.8.4. Sales Footprint

            20.3.8.5. Strategy Overview

        20.3.9. Chilicon Power, LLC

            20.3.9.1. Overview

            20.3.9.2. Product Portfolio

            20.3.9.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.9.4. Sales Footprint

            20.3.9.5. Strategy Overview

        20.3.10. iEnergy Co. Ltd.

            20.3.10.1. Overview

            20.3.10.2. Product Portfolio

            20.3.10.3. Profitability by Market Segments (Product / Channel / Region)

            20.3.10.4. Sales Footprint

            20.3.10.5. Strategy Overview

21. Assumptions and Acronyms Used

22. Research Methodology

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List of Tables

Table 01: Global Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type

Table 02: Global Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use

Table 03: Global Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by Region

Table 04: North America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country

Table 05: North America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type

Table 06: North America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use

Table 07: Latin America Market Volume (MW) and Value (US$ Million) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country

Table 08: Latin America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type

Table 09: Latin America Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use

Table 10: Europe Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country

Table 11: Europe Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type

Table 12: Europe Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use

Table 13: East Asia Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country

Table 14: East Asia Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type

Table 15: East Asia Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use

Table 16: South Asia & Pacific Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country

Table 17: South Asia & Pacific Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type

Table 18: South Asia & Pacific Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use

Table 19: Middle East & Africa Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 By Country

Table 20: Middle East & Africa Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by System Type

Table 21: Middle East & Africa Market Value (US$ Million) and Volume (MW) Historical Data 2017 to 2021 and Forecast 2022 to 2032 by End-Use
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 01: Global Market Historical Demand, 2017 to 2021

Figure 02: Global Market Demand Forecast, 2022 to 2032

Figure 03: Global Market Historical Value (US$ Million), 2017 to 2021

Figure 04: Global Market Value (US$ Million) Forecast, 2022 to 2032

Figure 05: Global Market Absolute $ Opportunity, 2022 to 2032

Figure 06: Global Market Share and BPS Analysis by System Type– 2022 to 2032

Figure 07: Global Market Y-o-Y Growth Projections by System Type, 2021 to 2032

Figure 08: Global Market Attractiveness by System Type, 2022 to 2032

Figure 09: Global Market Absolute $ Opportunity 2021 to 2032, by Standalone Segment

Figure 10: Global Market Absolute $ Opportunity 2021 to 2032, by Integrated segment

Figure 11: Global Market Share and BPS Analysis by End-Use 2022 to 2032

Figure 12: Global Market Y-o-Y Growth Projections by End-Use, 2021 to 2032

Figure 13: Global Market Attractiveness by End-Use, 2022 to 2032

Figure 14: Global Market Absolute $ Opportunity, 2021 to 2032, by Residential segment

Figure 15: Global Market Absolute $ Opportunity, 2021 to 2032, by Commercial segment

Figure 16: Global Market Absolute $ Opportunity, 2021 to 2032, by Utility segment

Figure 17: Global Market Share and BPS Analysis by Region 2022 to 2032

Figure 18: Global Market Y-o-Y Growth Projections by Region, 2021 to 2032

Figure 19: Global Market Attractiveness by Region, 2022 to 2032

Figure 20: Global Market Absolute $ Opportunity 2021 to 2032, by North America

Figure 21: Global Market Absolute $ Opportunity 2021 to 2032, by Latin America

Figure 22: Global Market Absolute $ Opportunity 2021 to 2032, by Europe

Figure 23: Global Market Absolute $ Opportunity 2021 to 2032, by East Asia

Figure 24: Global Market Absolute $ Opportunity 2021 to 2032, by South Asia & Pacific

Figure 25: Global Market Absolute $ Opportunity 2021 to 2032, by Middle East & Africa

Figure 26: North America Market Share and BPS Analysis by Country 2022 to 2032

Figure 27: North America Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 28: North America Market Attractiveness by Country, 2022 to 2032

Figure 29: U.S. Market Absolute $ Opportunity, 2021 to 2032

Figure 30: Canada Market Absolute $ Opportunity, 2021 to 2032

Figure 31: North America Market Share and BPS Analysis by System Type 2022 to 2032

Figure 32: North America Market Y-o-Y Growth Projections by System Type, 2021 to 2032

Figure 33: North America Market Attractiveness by System Type, 2022 to 2032

Figure 34: North America Market Share and BPS Analysis by End-Use 2022 to 2032

Figure 35: North America Market Y-o-Y Growth Projections by End-Use, 2021 to 2032

Figure 36: North America Market Attractiveness by End-Use, 2022 to 2032

Figure 37: Latin America Market Share and BPS Analysis by Country 2022 to 2032

Figure 38: Latin America Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 39: Latin America Market Attractiveness by Country, 2022 to 2032

Figure 40: Brazil Market Absolute $ Opportunity, 2021 to 2032

Figure 41: Mexico Market Absolute $ Opportunity, 2021 to 2032

Figure 42: Rest of Latin America Market Absolute $ Opportunity, 2021 to 2032

Figure 43: Latin America Market Share and BPS Analysis by System Type 2022 to 2032

Figure 44: Latin America Market Y-o-Y Growth Projections by System Type, 2021 to 2032

Figure 45: Latin America Market Attractiveness by System Type, 2022 to 2032

Figure 46: Latin America Market Share and BPS Analysis by End-Use 2022 to 2032

Figure 47: Latin America Market Y-o-Y Growth Projections by End-Use, 2021 to 2032

Figure 48: Latin America Market Attractiveness by End-Use, 2022 to 2032

Figure 49: Europe Market Share and BPS Analysis by Country 2022 to 2032

Figure 50: Europe Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 51: Europe Market Attractiveness by Country, 2022 to 2032

Figure 52: Germany Market Absolute $ Opportunity, 2021 to 2032

Figure 53: Italy Market Absolute $ Opportunity, 2021 to 2032

Figure 54: France Market Absolute $ Opportunity, 2021 to 2032

Figure 55: U.K. Market Absolute $ Opportunity, 2021 to 2032

Figure 56: Spain Market Absolute $ Opportunity, 2021 to 2032

Figure 57: BENELUX Market Absolute $ Opportunity, 2021 to 2032

Figure 58: Russia Market Absolute $ Opportunity, 2021 to 2032

Figure 59: Rest of Europe Market Absolute $ Opportunity, 2021 to 2032

Figure 60: Europe Market Share and BPS Analysis by System Type 2022 to 2032

Figure 61: Europe Market Y-o-Y Growth Projections by System Type, 2021 to 2032

Figure 62: Europe Market Attractiveness by System Type, 2022 to 2032

Figure 63: Europe Market Share and BPS Analysis by End-Use 2022 to 2032

Figure 64: Europe Market Y-o-Y Growth Projections by End-Use, 2021 to 2032

Figure 65: Europe Market Attractiveness by End-Use, 2022 to 2032

Figure 66: East Asia Market Share and BPS Analysis by Country 2022 to 2032

Figure 67: East Asia Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 68: East Asia Market Attractiveness by Country, 2022 to 2032

Figure 69: China Market Absolute $ Opportunity, 2021 to 2032

Figure 70: Japan Market Absolute $ Opportunity, 2021 to 2032

Figure 71: South Korea Market Absolute $ Opportunity, 2021 to 2032

Figure 72: East Asia Market Share and BPS Analysis by System Type 2022 to 2032

Figure 73: East Asia Market Y-o-Y Growth Projections by System Type, 2021 to 2032

Figure 74: East Asia Market Attractiveness by System Type, 2022 to 2032

Figure 75: East Asia Market Share and BPS Analysis by End-Use 2022 to 2032

Figure 76: East Asia Market Y-o-Y Growth Projections by End-Use, 2021 to 2032

Figure 77: East Asia Market Attractiveness by End-Use, 2022 to 2032

Figure 78: South Asia & Pacific Market Share and BPS Analysis by Country 2022 to 2032

Figure 79: South Asia & Pacific Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 80: South Asia & Pacific Market Attractiveness by Country, 2022 to 2032

Figure 81: India Market Absolute $ Opportunity, 2021 to 2032

Figure 82: ASEAN Market Absolute $ Opportunity, 2021 to 2032

Figure 83: Australia & New Zealand Market Absolute $ Opportunity, 2021 to 2032

Figure 84: Rest of SAP Market Absolute $ Opportunity, 2021 to 2032

Figure 85: South Asia & Pacific Market Share and BPS Analysis by System Type 2022 to 2032

Figure 86: South Asia & Pacific Market Y-o-Y Growth Projections by System Type, 2021 to 2032

Figure 87: South Asia & Pacific Market Attractiveness by System Type, 2022 to 2032

Figure 88: South Asia & Pacific Market Share and BPS Analysis by End-Use 2022 to 2032

Figure 89: South Asia & Pacific Market Y-o-Y Growth Projections by End-Use, 2021 to 2032

Figure 90: South Asia & Pacific Market Attractiveness by End-Use, 2022 to 2032

Figure 91: Middle East & Africa Market Share and BPS Analysis by Country 2022 to 2032

Figure 92: Middle East & Africa Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 93: Middle East & Africa Market Attractiveness by Country, 2022 to 2032

Figure 94: GCC Countries Market Absolute $ Opportunity, 2021 to 2032

Figure 95: Turkey Market Absolute $ Opportunity, 2021 to 2032

Figure 96: South Africa Market Absolute $ Opportunity, 2021 to 2032

Figure 97: Rest of MEA Market Absolute $ Opportunity, 2021 to 2032

Figure 98: Rest of South Asia & Pacific Market Absolute $ Opportunity, 2021 to 2032

Figure 99: Middle East & Africa Market Share and BPS Analysis by System Type 2022 to 2032

Figure 100: Middle East & Africa Market Y-o-Y Growth Projections by System Type, 2021 to 2032

Figure 101: Middle East & Africa Market Attractiveness by System Type, 2022 to 2032

Figure 102: Middle East & Africa Market Share and BPS Analysis by End-Use 2022 to 2032

Figure 103: Middle East & Africa Market Y-o-Y Growth Projections by End-Use, 2021 to 2032

Figure 104: Middle East & Africa Market Attractiveness by End-Use, 2022 to 2032

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