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市場調查報告書

微逆變器的全球市場、COVID-19的影響 (∼2025年):各提供區分、通訊技術、類型、電力額定功率、連接類型、銷售管道、用途 (住宅、商業用、PV發電廠)、地區

Micro-inverter Market with COVID-19 Impact by Offering, Communication Technology, Type, Power Rating, Connection Type, Sales Channel, Application (Residential, Commercial, and PV Power Plant), and Geography - Global Forecast to 2025

出版商 MarketsandMarkets 商品編碼 962872
出版日期 內容資訊 英文 173 Pages
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價格
微逆變器的全球市場、COVID-19的影響 (∼2025年):各提供區分、通訊技術、類型、電力額定功率、連接類型、銷售管道、用途 (住宅、商業用、PV發電廠)、地區 Micro-inverter Market with COVID-19 Impact by Offering, Communication Technology, Type, Power Rating, Connection Type, Sales Channel, Application (Residential, Commercial, and PV Power Plant), and Geography - Global Forecast to 2025
出版日期: 2020年09月30日內容資訊: 英文 173 Pages
簡介

全球微逆變器的市場規模在預測期間內預計以20.8%的年複合成長率發展,從2020年的25億美元,成長到2025年65億美元的規模。住宅用微逆變器解決方案的需求增加,遠隔監視功能等優點,再生能源的投資擴大,推薦再生能源引進的政府配合措施等要素促進該市場成長。同時,新型冠狀病毒感染疾病 (COVID-19) 也有帶給該產業負面影響的可能性。

本報告提供全球微逆變器的市場調查,市場定義和概要,價值鏈,新型冠狀病毒感染疾病 (COVID-19) 以及其他的市場影響因素分析,相關法律,技術趨勢,案例研究,市場規模的變化、預測,區分、通訊技術、類型、電力額定功率、連接類型、銷售管道、用途、地區/主要國家等各種區分的明細,競爭環境,主要企業簡介等資訊彙整。

第1章 簡介

第2章 調查手法

第3章 摘要整理

第4章 重要考察

第5章 市場概要

  • 市場動態
    • 促進因素
    • 限制
    • 市場機會
    • 課題
  • 價值鏈分析
  • 生態系統
  • 技術分析
  • 案例研究分析
  • 專利分析
  • 價格分析
  • 相關法律

第6章 市場分析、預測:各提供種類

  • 硬體設備
  • 軟體、服務

第7章 市場分析、預測:各通訊技術

  • 有線
  • 無線

第8章 市場分析、預測:各類型

  • 單相
  • 3相

第9章 市場分析、預測:各電力額定功率

  • 不滿250W
  • 250-500W
  • 500W以上

第10章 市場分析、預測:各連接類型

  • 獨立的
  • 電網並列do

第11章 市場分析、預測:各銷售通路

  • 直銷
  • 間接銷售

第12章 市場分析、預測:各用途

  • 住宅用
  • 商用
  • 太陽能光伏發電所

第13章 市場分析、預測:各地區、主要國家

  • 北美
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 法國
    • 荷蘭
    • 其他
  • 亞太地區
    • 中國
    • 日本
    • 印度
    • 澳洲
    • 其他
  • 其他地區
    • 中東、非洲
    • 南美

第14章 競爭情形

  • 概要
  • 市場佔有率分析
  • 競爭情形、趨勢

第15章 企業評估矩陣、企業簡介

  • 概要
  • 企業評估矩陣
  • 主要企業
    • ENPHASE ENERGY
    • DARFON ELECTRONICS
    • ALTENERGY POWER SYSTEM
    • RENESOLA
    • CHILICON POWER
    • AECONVERSION
    • ENVERTECH
    • SENSATA TECHNOLOGIES
    • NORTHERN ELECTRIC & POWER
    • SPARQ SYSTEMS
  • 其他的主要企業
    • SARONIC (EU) POWER TECH
    • ENLUXSOLAR
    • U R ENERGY
    • BRAVO SOLAR
    • GRACE RENEWABLE ENERGY
    • SOLAR PANELS PLUS
    • ZHEJIANG SANDI ELECTRIC
    • STMICROELECTRONICS
    • TEXAS INSTRUMENTS
    • JINKOSOLAR

第16章 附錄

目錄
Product Code: SE 6610

The global micro-inverter market size was valued at USD 2.5 billion in 2020 and is projected to reach USD 6.5 billion by 2025; it is expected to grow at a CAGR of 20.8% from 2020 to 2025. The growth of the micro-inverter market is driven mainly by increasing demand for micro-inverter solutions in residential applications, growing visibility regarding the inherent benefits offered by them, such as remote monitoring capabilities, upsurge in renewable energy investment, and government initiatives encouraging the adoption of renewable energy.

COVID-19 has emerged as a global pandemic that has spread over 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of end-user applications may have a considerable direct impact on the micro-inverter market.

"Indirect sales channel is expected to hold the larger share during the forecast period."

Manufacturers mainly provide micro-inverters to end users through indirect sales channels or third-party providers. Most key players in the market have well-established sales networks and distribute their products worldwide. Micro-inverter systems are mainly adopted in residential and commercial applications. End users may lack the expertise required to integrate micro-inverters into solar panels; thus, installations are mostly done by system integrators or third-party providers appointed by companies. Owing to these factors, the indirect sales channel segment is expected to hold larger market share during the forecast period.

"Residential application is expected to grow at the highest CAGR during the forecast period."

Micro-inverters are mainly adopted for residential applications. Residential solar rooftop PV installations have witnessed significant growth over the last few years. Towering energy costs, coupled with supportive government policies worldwide, have led to the increasing adoption of energy conservation measures for controlling energy expenditure in residential applications. Countries such as the US, Australia, and the Netherlands, which are among the prominent markets for residential rooftop PV installations, have widely adopted micro-inverters over conventional inverters. In addition, countries such as India, Mexico, the UK, and Brazil are currently witnessing significant growth in the residential solar market. These factors are expected to create a huge demand for micro-inverters.

"APAC is projected to grow at the highest CAGR during the forecast period."

The growth of the micro-inverter market in APAC can be attributed to the surging demand for micro-inverters from major countries, such as Japan, Australia, India, and China, in the region. The market in APAC mainly comprises developing economies such as China and India. These countries store huge potential for the growth of the micro-inverter market in many application areas. The micro-inverter market in APAC is growing rapidly with the increasing adoption of commercial solar PV systems for industrial, residential, and other applications. The rising demand for micro-inverters for residential applications in India, China, and Japan is among the key factors driving the growth of this market.

Break-up of the profiles of primary participants:

  • By Company Type - Tier 1 - 45%, Tier 2 - 35%, and Tier 3 - 20%
  • By Designation - C-level Executives - 40%, Managers - 35%, and Others - 25%
  • By Region - North America - 40%, Europe - 30%, APAC - 20%, and RoW - 10%

Major players in the micro-inverter market include: Enphase Energy (US), Altenergy Power System (US), Darfon Electronics (Taiwan), ReneSola (China), AEconversion (Germany), and Chilicon Power (US) among others.

The micro-inverter market has been segmented into offering, communication technology, type, power rating, connection type, sales channel, application, and region. The micro-inverter market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

Reasons to Buy the Report:

  • Illustrative segmentation, analysis, and forecast of the market based on offering, communication technology, type, power rating, connection type, sales channel, application, and region have been conducted to give an overall view of the micro-inverter market.
  • A value chain analysis has been performed to provide in-depth insights into the micro-inverter market ecosystem.
  • The report includes pricing analysis, patent analysis as well as technology and case study analysis pertaining to micro-inverters.
  • The key drivers, restraints, opportunities, and challenges pertaining to the micro-inverter market have been detailed in this report.
  • Detailed information regarding the COVID-19 impact and related updates on the micro-inverter market has been provided in the report.
  • The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues and market share.

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 DEFINITION AND SCOPE
    • 1.2.1 INCLUSIONS AND EXCLUSIONS
  • 1.3 MARKET SEGMENTATION
    • 1.3.1 GEOGRAPHIC SCOPE
    • 1.3.2 YEARS CONSIDERED
  • 1.4 CURRENCY
  • 1.5 LIMITATIONS
  • 1.6 STAKEHOLDERS
  • 1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 1 RESEARCH DESIGN
  • 2.2 SECONDARY AND PRIMARY RESEARCH
    • 2.2.1 SECONDARY DATA
      • 2.2.1.1 Secondary sources
    • 2.2.2 PRIMARY DATA
      • 2.2.2.1 Primary sources
      • 2.2.2.2 Key industry insights
      • 2.2.2.3 Breakdown of primaries
  • 2.3 MARKET SIZE ESTIMATION
    • 2.3.1 BOTTOM-UP APPROACH
    • FIGURE 2 BOTTOM-UP APPROACH
    • 2.3.2 TOP-DOWN APPROACH
    • FIGURE 3 TOP-DOWN APPROACH
    • FIGURE 4 MICRO-INVERTER MARKET: MARKET SIZE ESTIMATION, BY DEMAND-SIDE APPROACH
  • 2.4 DATA TRIANGULATION
    • FIGURE 5 DATA TRIANGULATION
  • 2.5 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

    • FIGURE 6 MICRO-INVERTER MARKET, 2016-2025
    • TABLE 1 MICRO-INVERTER MARKET, IN TERMS OF VALUE AND VOLUME, 2016-2019
    • TABLE 2 MICRO-INVERTER MARKET, IN TERMS OF VALUE AND VOLUME, 2020-2025
    • FIGURE 7 MICRO-INVERTER MARKET: PRE- AND POST-COVID-19 SCENARIOS
  • 3.1 PRE-COVID-19 SCENARIO
    • TABLE 3 MICRO-INVERTER MARKET, PRE-COVID-19 SCENARIO, 2020-2025
  • 3.2 REALISTIC SCENARIO
    • TABLE 4 MICRO-INVERTER MARKET, POST-COVID-19 REALISTIC SCENARIO, 2020-2025
  • 3.3 PESSIMISTIC SCENARIO
    • TABLE 5 MICRO-INVERTER MARKET, POST-COVID-19 PESSIMISTIC SCENARIO, 2020-2025
  • 3.4 OPTIMISTIC SCENARIO
    • TABLE 6 MICRO-INVERTER MARKET, POST-COVID-19 OPTIMISTIC SCENARIO, 2020-2025
    • FIGURE 8 GRID-TIED MICRO-INVERTERS TO HOLD LARGER MARKET SHARE IN 2020
    • FIGURE 9 WIRED COMMUNICATION TECHNOLOGY TO CAPTURE LARGER SIZE OF MICRO-INVERTER MARKET IN 2025
    • FIGURE 10 RESIDENTIAL APPLICATIONS TO SIGNIFICANTLY CONTRIBUTE TO MARKET GROWTH DURING FORECAST PERIOD
    • FIGURE 11 NORTH AMERICA EXPECTED TO HOLD LARGEST SHARE OF MICRO-INVERTER MARKET IN 2020

4 PREMIUM INSIGHTS

  • 4.1 APAC TO PROVIDE LUCRATIVE OPPORTUNITIES FOR MICRO-INVERTER MARKET IN COMING YEARS
    • FIGURE 12 ATTRACTIVE GROWTH OPPORTUNITIES IN MICRO-INVERTER MARKET
  • 4.2 MICRO-INVERTER MARKET, BY TYPE (2017-2025)
    • FIGURE 13 SINGLE-PHASE MICRO-INVERTER MARKET TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  • 4.3 MICRO-INVERTER MARKET, BY POWER RATING
    • FIGURE 14 MICRO-INVERTERS WITH POWER RATING BETWEEN 250 W AND 500 W TO HOLD LARGEST MARKET SHARE IN 2020
  • 4.4 MICRO-INVERTER MARKET, BY SALES CHANNEL
    • FIGURE 15 INDIRECT SALES CHANNELS TO CAPTURE LARGER SHARE OF MICRO-INVERTER MARKET IN 2020
  • 4.5 MICRO-INVERTER MARKET, BY REGION
    • FIGURE 16 INDIA TO WITNESS HIGHEST CAGR IN MICRO-INVERTER MARKET DURING 2020-2025

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 17 MICRO-INVERTER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Technical advantages of micro-inverters over conventional solar inverters
    • FIGURE 18 GLOBAL SHIPMENT OF DIFFERENT TYPES OF SOLAR INVERTERS, 2019
      • 5.2.1.2 Significant capital inflows in renewable energy sector
    • FIGURE 19 GLOBAL INVESTMENTS IN RENEWABLE ENERGY SOURCES, 2018 (USD BILLION)
      • 5.2.1.3 High demand for micro-inverters due to their remote monitoring capabilities
      • 5.2.1.4 Increasing number of residential solar rooftop installations
    • FIGURE 20 MICRO-INVERTER MARKET: IMPACT ANALYSIS OF DRIVERS
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Decreased demand for micro-inverters with reduced electricity requirement from commercial and industrial end users due to COVID-19 outbreak
      • 5.2.2.2 Higher installation and maintenance costs of micro-inverters
    • FIGURE 21 MICRO-INVERTER MARKET: IMPACT ANALYSIS OF RESTRAINTS
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Increase in number of solar PV installations owing to incentive schemes by governments of different countries
      • 5.2.3.2 Technological innovations in inverters to improve their capabilities
    • FIGURE 22 MICRO-INVERTER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Pricing pressure on manufacturers of micro-inverters
      • 5.2.4.2 Safety risks associated with high DC voltages
    • FIGURE 23 MICRO-INVERTER MARKET: IMPACT ANALYSIS OF CHALLENGES
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 24 MICRO-INVERTER MARKET: MAJOR VALUE ADDED BY MANUFACTURERS AND COMPONENT PROVIDERS
  • 5.4 ECOSYSTEM
    • FIGURE 25 MICRO-INVERTER MARKET ECOSYSTEM
  • 5.5 TECHNOLOGY ANALYSIS
  • 5.6 CASE STUDY ANALYSIS
    • 5.6.1 ENPHASE INSTALLED 7X M250 MICRO-INVERTERS AND 1X ENVOY-R FOR RESIDENTIAL END USERS AS ENVIRONMENTALLY FRIENDLY SOLAR INVESTMENT
    • 5.6.2 ENPHASE INSTALLED M215 MICRO-INVERTERS FOR FAT WEST MEATS (US) COMMERCIAL PROJECT, PROVING THEM BETTER THAN DC OPTIMIZERS
  • 5.7 PATENT ANALYSIS
    • TABLE 7 PATENTS IN MICRO-INVERTER MARKET
  • 5.8 PRICING ANALYSIS
  • 5.9 MARKET REGULATIONS

6 MICRO-INVERTER MARKET, BY OFFERING

  • 6.1 INTRODUCTION
    • FIGURE 26 MICRO-INVERTER MARKET, BY OFFERING
    • FIGURE 27 SOFTWARE & SERVICES SEGMENT TO EXHIBIT HIGHER CAGR IN MICRO-INVERTER MARKET, BY OFFERING, FROM 2020 TO 2025
    • TABLE 8 MICRO-INVERTER MARKET, BY OFFERING, 2016-2019 (USD MILLION)
    • TABLE 9 MICRO-INVERTER MARKET, BY OFFERING, 2020-2025 (USD MILLION)
  • 6.2 HARDWARE
    • 6.2.1 HARDWARE COMPONENTS ARE CORE ELEMENTS OF MICRO-INVERTER SYSTEMS
  • 6.3 SOFTWARE & SERVICES
    • 6.3.1 SOFTWARE
      • 6.3.1.1 System monitoring and data analysis are critical functions of software products
    • 6.3.2 SERVICES
      • 6.3.2.1 Installation and maintenance services are crucial for micro-inverter systems

7 MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY

  • 7.1 INTRODUCTION
    • FIGURE 28 MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY
    • FIGURE 29 WIRELESS COMMUNICATION TECHNOLOGY TO EXHIBIT HIGHER CAGR IN MICRO-INVERTER MARKET FROM 2020 TO 2025
    • TABLE 10 MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2016-2019 (USD MILLION)
    • TABLE 11 MICRO-INVERTER MARKET, BY COMMUNICATION TECHNOLOGY, 2020-2025 (USD MILLION)
  • 7.2 WIRED
    • 7.2.1 WIRED COMMUNICATION TECHNOLOGY IS PREFERRED FOR MICRO-INVERTERS
    • TABLE 12 MICRO-INVERTER MARKET FOR WIRED COMMUNICATION TECHNOLOGY, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 13 MICRO-INVERTER MARKET FOR WIRED COMMUNICATION TECHNOLOGY, BY APPLICATION, 2020-2025 (USD MILLION)
  • 7.3 WIRELESS
    • 7.3.1 WIRELESS COMMUNICATION TECHNOLOGY HAS HIGHER GROWTH PROSPECTS IN NEAR FUTURE
    • TABLE 14 MICRO-INVERTER MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY, BY APPLICATION, 2016-2019 (USD MILLION)
    • FIGURE 30 RESIDENTIAL APPLICATION TO CONTINUE TO DOMINATE MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY-BASED MICRO-INVERTERS DURING FORECAST PERIOD
    • TABLE 15 MICRO-INVERTER MARKET FOR WIRELESS COMMUNICATION TECHNOLOGY, BY APPLICATION, 2020-2025 (USD MILLION)

8 MICRO-INVERTER MARKET, BY TYPE

  • 8.1 INTRODUCTION
    • FIGURE 31 MICRO-INVERTER MARKET, BY TYPE
    • FIGURE 32 MARKET FOR SINGLE-PHASE MICRO-INVERTERS TO GROW AT HIGHER CAGR FROM 2020 TO 2025
    • TABLE 16 MICRO-INVERTER MARKET, BY TYPE, 2016-2019 (USD MILLION)
    • TABLE 17 MICRO-INVERTER MARKET, BY TYPE, 2020-2025 (USD MILLION)
  • 8.2 SINGLE PHASE
    • 8.2.1 SINGLE-PHASE INVERTERS PRIMARILY DEPLOYED IN RESIDENTIAL APPLICATIONS
    • TABLE 18 SINGLE-PHASE MICRO-INVERTER MARKET, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 19 SINGLE-PHASE MICRO-INVERTER MARKET, BY APPLICATION, 2020-2025 (USD MILLION)
  • 8.3 THREE PHASE
    • 8.3.1 PV PLANTS AND COMMERCIAL END USERS ESSENTIALLY EMPLOY THREE-PHASE MICRO-INVERTERS
    • TABLE 20 THREE-PHASE MICRO-INVERTER MARKET, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 21 THREE-PHASE MICRO-INVERTER MARKET, BY APPLICATION, 2020-2025 (USD MILLION)

9 MICRO-INVERTER MARKET, BY POWER RATING

  • 9.1 INTRODUCTION
    • FIGURE 33 MICRO-INVERTER MARKET, BY POWER RATING
    • FIGURE 34 BETWEEN 250 AND 500 W SEGMENT TO EXHIBIT HIGHEST CAGR FROM 2020 TO 2025
    • TABLE 22 MICRO-INVERTER MARKET, BY POWER RATING, 2016-2019 (USD MILLION)
    • TABLE 23 MICRO-INVERTER MARKET, BY POWER RATING, 2020-2025 (USD MILLION)
  • 9.2 BELOW 250 W
    • 9.2.1 BELOW 250-WATT MICRO-INVERTERS ARE IDEAL FOR SOLAR PANELS INSTALLED IN RESIDENTIAL APPLICATIONS
  • 9.3 BETWEEN 250 AND 500 W
    • 9.3.1 MICRO INVERTERS WITH POWER RATING RANGING FROM 250 TO 500 WATTS WOULD LEAD MARKET DURING FORECAST PERIOD
  • 9.4 ABOVE 500 W
    • 9.4.1 MICRO INVERTERS WITH POWER RATING OF ABOVE 500 WATTS ARE ADOPTED TO FULFIL ENERGY GENERATION REQUIREMENTS OF LARGE PV SYSTEMS

10 MICRO-INVERTER MARKET, BY CONNECTION TYPE

  • 10.1 INTRODUCTION
    • FIGURE 35 MICRO-INVERTER MARKET, BY CONNECTION TYPE
    • FIGURE 36 GRID-TIED MICRO-INVERTERS WOULD DOMINATE MARKET DURING FORECAST PERIOD
    • TABLE 24 MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2016-2019 (USD MILLION)
    • TABLE 25 MICRO-INVERTER MARKET, BY CONNECTION TYPE, 2020-2025 (USD MILLION)
  • 10.2 STAND-ALONE
    • 10.2.1 STAND-ALONE SOLAR SYSTEMS ARE MORE ECONOMICAL
  • 10.3 GRID-TIED
    • 10.3.1 GRID-TIED MICRO-INVERTERS ARE LIKELY TO DOMINATE MARKET IN COMING YEARS

11 MICRO-INVERTER MARKET, BY SALES CHANNEL

  • 11.1 INTRODUCTION
    • FIGURE 37 MICRO-INVERTER MARKET, BY SALES CHANNEL
    • FIGURE 38 INDIRECT SALES CHANNELS TO GROW AT HIGHER CAGR FROM 2020 TO 2025
    • TABLE 26 MICRO-INVERTER MARKET, BY SALES CHANNEL, 2016-2019 (USD MILLION)
    • TABLE 27 MICRO-INVERTER MARKET, BY SALES CHANNEL, 2020-2025 (USD MILLION)
  • 11.2 DIRECT
    • 11.2.1 DIRECT SALES CHANNELS ARE PREFERRED BY COMPANIES HAVING LIMITED DISTRIBUTION NETWORKS
    • TABLE 28 MICRO-INVERTER MARKET FOR DIRECT SALES CHANNELS, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 29 MICRO-INVERTER MARKET FOR DIRECT SALES CHANNELS, BY APPLICATION, 2020-2025 (USD MILLION)
  • 11.3 INDIRECT
    • 11.3.1 THIRD-PARTY PROVIDERS ARE PREFERRED FOR PROCUREMENT OF MICRO-INVERTERS
    • TABLE 30 MICRO-INVERTER MARKET FOR INDIRECT SALES CHANNELS, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 31 MICRO-INVERTER MARKET FOR INDIRECT SALES CHANNELS, BY APPLICATION, 2020-2025 (USD MILLION)

12 MICRO-INVERTER MARKET, BY APPLICATION

  • 12.1 INTRODUCTION
    • FIGURE 39 MICRO-INVERTER MARKET, BY APPLICATION
    • FIGURE 40 RESIDENTIAL APPLICATION TO DOMINATE MICRO-INVERTER MARKET DURING FORECAST PERIOD
    • TABLE 32 MICRO-INVERTER MARKET, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 33 MICRO-INVERTER MARKET, BY APPLICATION, 2020-2025 (USD MILLION)
  • 12.2 RESIDENTIAL
    • 12.2.1 MICRO-INVERTERS PRIMARILY DEPLOYED FOR RESIDENTIAL APPLICATIONS
    • TABLE 34 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY TYPE, 2016-2019 (USD MILLION)
    • TABLE 35 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY TYPE, 2020-2025 (USD MILLION)
    • TABLE 36 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY CONNECTION TYPE, 2016-2019 (USD MILLION)
    • TABLE 37 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY CONNECTION TYPE, 2020-2025 (USD MILLION)
    • TABLE 38 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY POWER RATING, 2016-2019 (USD MILLION)
    • TABLE 39 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY POWER RATING, 2020-2025 (USD MILLION)
    • TABLE 40 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2016-2019 (USD MILLION)
    • TABLE 41 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2020-2025 (USD MILLION)
    • TABLE 42 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY SALES CHANNEL, 2016-2019 (USD MILLION)
    • TABLE 43 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY SALES CHANNEL, 2020-2025 (USD MILLION)
    • FIGURE 41 NORTH AMERICA TO DOMINATE MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS DURING FORECAST PERIOD
    • TABLE 44 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2016-2019 (USD MILLION)
    • TABLE 45 MICRO-INVERTER MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2020-2025 (USD MILLION)
    • TABLE 46 MICRO-INVERTER MARKET IN NORTH AMERICA FOR RESIDENTIAL APPLICATIONS, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 47 MICRO-INVERTER MARKET IN NORTH AMERICA FOR RESIDENTIAL APPLICATIONS, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 48 MICRO-INVERTER MARKET IN EUROPE FOR RESIDENTIAL APPLICATIONS, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 49 MICRO-INVERTER MARKET IN EUROPE FOR RESIDENTIAL APPLICATIONS, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 50 MICRO-INVERTER MARKET IN APAC FOR RESIDENTIAL APPLICATIONS, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 51 MICRO-INVERTER MARKET IN APAC FOR RESIDENTIAL APPLICATIONS, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 52 MICRO-INVERTER MARKET IN ROW FOR RESIDENTIAL APPLICATIONS, BY REGION, 2016-2019 (USD MILLION)
    • TABLE 53 MICRO-INVERTER MARKET IN ROW FOR RESIDENTIAL APPLICATIONS, BY REGION, 2020-2025 (USD MILLION)
  • 12.3 COMMERCIAL
    • 12.3.1 COVID-19 TO ADVERSELY IMPACT COMMERCIAL SECTOR USING MICRO-INVERTERS
    • FIGURE 42 SINGLE-PHASE MICRO-INVERTERS TO DOMINATE MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS DURING FORECAST PERIOD
    • TABLE 54 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2016-2019 (USD MILLION)
    • TABLE 55 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2020-2025 (USD MILLION)
    • TABLE 56 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY CONNECTION TYPE, 2016-2019 (USD MILLION)
    • TABLE 57 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY CONNECTION TYPE, 2020-2025 (USD MILLION)
    • TABLE 58 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY POWER RATING, 2016-2019 (USD MILLION)
    • TABLE 59 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY POWER RATING, 2020-2025 (USD MILLION)
    • TABLE 60 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2016-2019 (USD MILLION)
    • TABLE 61 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2020-2025 (USD MILLION)
    • TABLE 62 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY SALES CHANNEL, 2016-2019 (USD MILLION)
    • TABLE 63 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY SALES CHANNEL, 2020-2025 (USD MILLION)
    • TABLE 64 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2016-2019 (USD MILLION)
    • TABLE 65 MICRO-INVERTER MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2020-2025 (USD MILLION)
    • TABLE 66 MICRO-INVERTER MARKET IN NORTH AMERICA FOR COMMERCIAL APPLICATIONS, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 67 MICRO-INVERTER MARKET IN NORTH AMERICA FOR COMMERCIAL APPLICATIONS, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 68 MICRO-INVERTER MARKET IN EUROPE FOR COMMERCIAL APPLICATIONS, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 69 MICRO-INVERTER MARKET IN EUROPE FOR COMMERCIAL APPLICATIONS, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 70 MICRO-INVERTER MARKET IN APAC FOR COMMERCIAL APPLICATIONS, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 71 MICRO-INVERTER MARKET IN APAC FOR COMMERCIAL APPLICATIONS, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 72 MICRO-INVERTER MARKET IN ROW FOR COMMERCIAL APPLICATIONS, BY REGION, 2016-2019 (USD MILLION)
    • TABLE 73 MICRO-INVERTER MARKET IN ROW FOR COMMERCIAL APPLICATIONS, BY REGION, 2020-2025 (USD MILLION)
  • 12.4 PV POWER PLANT
    • 12.4.1 INCREASING NUMBER OF GLOBAL PV INSTALLATIONS TO PROPEL MARKET GROWTH
    • FIGURE 43 GRID-TIED SYSTEMS TO HOLD LARGER SIZE OF MICRO-INVERTER MARKET FOR PV POWER PLANTS DURING FORECAST PERIOD
    • TABLE 74 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY TYPE, 2016-2019 (USD MILLION)
    • TABLE 75 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY TYPE, 2020-2025 (USD MILLION)
    • TABLE 76 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY CONNECTION TYPE, 2016-2019 (USD MILLION)
    • TABLE 77 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY CONNECTION TYPE, 2020-2025 (USD MILLION)
    • TABLE 78 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY POWER RATING, 2016-2019 (USD MILLION)
    • TABLE 79 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY POWER RATING, 2020-2025 (USD MILLION)
    • TABLE 80 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2016-2019 (USD MILLION)
    • TABLE 81 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY COMMUNICATION TECHNOLOGY, 2020-2025 (USD MILLION)
    • TABLE 82 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY SALES CHANNEL, 2016-2019 (USD MILLION)
    • TABLE 83 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY SALES CHANNEL, 2020-2025 (USD MILLION)
    • TABLE 84 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY REGION, 2016-2019 (USD MILLION)
    • TABLE 85 MICRO-INVERTER MARKET FOR PV POWER PLANT APPLICATIONS, BY REGION, 2020-2025 (USD MILLION)
    • TABLE 86 MICRO-INVERTER MARKET IN NORTH AMERICA FOR PV POWER PLANT APPLICATIONS, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 87 MICRO-INVERTER MARKET IN NORTH AMERICA FOR PV POWER PLANT APPLICATIONS, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 88 MICRO-INVERTER MARKET IN EUROPE FOR PV POWER PLANT APPLICATIONS, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 89 MICRO-INVERTER MARKET IN EUROPE FOR PV POWER PLANT APPLICATIONS, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 90 MICRO-INVERTER MARKET IN APAC FOR PV POWER PLANT APPLICATIONS, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 91 MICRO-INVERTER MARKET IN APAC FOR PV POWER PLANT APPLICATIONS, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 92 MICRO-INVERTER MARKET IN ROW FOR PV POWER PLANT APPLICATIONS, BY REGION, 2016-2019 (USD MILLION)
    • TABLE 93 MICRO-INVERTER MARKET IN ROW FOR PV POWER PLANT APPLICATIONS, BY REGION, 2020-2025 (USD MILLION)

13 GEOGRAPHIC ANALYSIS

  • 13.1 INTRODUCTION
    • FIGURE 44 GEOGRAPHIC SNAPSHOT: MICRO-INVERTER MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    • TABLE 94 MICRO-INVERTER MARKET, BY REGION, 2016-2019 (USD MILLION)
    • TABLE 95 MICRO-INVERTER MARKET, BY REGION, 2020-2025 (USD MILLION)
  • 13.2 NORTH AMERICA
    • FIGURE 45 NORTH AMERICA: SNAPSHOT OF MICRO-INVERTER MARKET
    • FIGURE 46 MICRO-INVERTER MARKET: PRE- AND POST-COVID-19 SCENARIOS IN NORTH AMERICA
    • TABLE 96 MICRO-INVERTER MARKET: PRE- AND POST-COVID-19 SCENARIOS IN NORTH AMERICA, 2016-2025 (USD MILLION)
    • TABLE 97 MICRO-INVERTER MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 98 MICRO-INVERTER MARKET IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 99 MICRO-INVERTER MARKET IN NORTH AMERICA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 100 MICRO-INVERTER MARKET IN NORTH AMERICA, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.2.1 US
      • 13.2.1.1 Market in US to be adversely impacted by COVID-19
    • TABLE 101 MICRO-INVERTER MARKET IN US, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 102 MICRO-INVERTER MARKET IN US, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.2.2 CANADA
      • 13.2.2.1 Micro-FiT program to support PV installations would contribute to market growth in Canada
    • TABLE 103 MICRO-INVERTER MARKET IN CANADA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 104 MICRO-INVERTER MARKET IN CANADA, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.2.3 MEXICO
      • 13.2.3.1 Clean energy reforms to fuel market growth in Mexico
    • TABLE 105 MICRO-INVERTER MARKET IN MEXICO, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 106 MICRO-INVERTER MARKET IN MEXICO, BY APPLICATION, 2020-2025 (USD MILLION)
  • 13.3 EUROPE
    • FIGURE 47 EUROPE: SNAPSHOT OF MICRO-INVERTER MARKET
    • TABLE 107 MICRO-INVERTER MARKET IN EUROPE, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 108 MICRO-INVERTER MARKET IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 109 MICRO-INVERTER MARKET IN EUROPE, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 110 MICRO-INVERTER MARKET IN EUROPE, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.3.1 GERMANY
      • 13.3.1.1 Germany to emerge as largest micro-inverter market in Europe during forecast period
    • TABLE 111 MICRO-INVERTER MARKET IN GERMANY, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 112 MICRO-INVERTER MARKET IN GERMANY, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.3.2 UK
      • 13.3.2.1 Encouragement by UK government to promote use of new energy technologies to fuel market growth
    • TABLE 113 MICRO-INVERTER MARKET IN UK, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 114 MICRO-INVERTER MARKET IN UK, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.3.3 FRANCE
      • 13.3.3.1 Increased adoption of automation technologies in various industries to fuel growth of market in France
    • TABLE 115 MICRO-INVERTER MARKET IN FRANCE, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 116 MICRO-INVERTER MARKET IN FRANCE, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.3.4 NETHERLANDS
      • 13.3.4.1 Residential and commercial applications contribute significantly to market growth in Netherlands
    • TABLE 117 MICRO-INVERTER MARKET IN NETHERLANDS, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 118 MICRO-INVERTER MARKET IN NETHERLANDS, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.3.5 REST OF EUROPE
    • TABLE 119 MICRO-INVERTER MARKET IN REST OF EUROPE, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 120 MICRO-INVERTER MARKET IN REST OF EUROPE, BY APPLICATION, 2020-2025 (USD MILLION)
  • 13.4 APAC
    • FIGURE 48 APAC: SNAPSHOT OF MICRO-INVERTER MARKET
    • FIGURE 49 MICRO-INVERTER MARKET: PRE- AND POST-COVID-19 SCENARIOS IN APAC
    • TABLE 121 MICRO-INVERTER MARKET: PRE- AND POST-COVID-19 SCENARIOS IN APAC, 2020-2025 (USD MILLION)
    • TABLE 122 MICRO-INVERTER MARKET IN APAC, BY COUNTRY, 2016-2019 (USD MILLION)
    • TABLE 123 MICRO-INVERTER MARKET IN APAC, BY COUNTRY, 2020-2025 (USD MILLION)
    • TABLE 124 MICRO-INVERTER MARKET IN APAC, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 125 MICRO-INVERTER MARKET IN APAC, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.4.1 CHINA
      • 13.4.1.1 Market growth in china anticipated to be negatively impacted by COVID-19 outbreak
    • TABLE 126 MICRO-INVERTER MARKET IN CHINA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 127 MICRO-INVERTER MARKET IN CHINA, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.4.2 JAPAN
      • 13.4.2.1 Establishment of floating power plants in Japan to support micro-inverter market growth
    • TABLE 128 MICRO-INVERTER MARKET IN JAPAN, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 129 MICRO-INVERTER MARKET IN JAPAN, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.4.3 INDIA
      • 13.4.3.1 Growth of market in India expected to be hampered by rapid spread of coronavirus
    • TABLE 130 MICRO-INVERTER MARKET IN INDIA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 131 MICRO-INVERTER MARKET IN INDIA, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.4.4 AUSTRALIA
      • 13.4.4.1 Heightened demand from residential applications to support growth of micro-inverter market in Australia
    • TABLE 132 MICRO-INVERTER MARKET IN AUSTRALIA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 133 MICRO-INVERTER MARKET IN AUSTRALIA, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.4.5 REST OF APAC
    • TABLE 134 MICRO-INVERTER MARKET IN REST OF APAC, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 135 MICRO-INVERTER MARKET IN REST OF APAC, BY APPLICATION, 2020-2025 (USD MILLION)
  • 13.5 ROW
    • TABLE 136 MICRO-INVERTER MARKET IN ROW, BY REGION, 2016-2019 (USD MILLION)
    • TABLE 137 MICRO-INVERTER MARKET IN ROW, BY REGION, 2020-2025 (USD MILLION)
    • TABLE 138 MICRO-INVERTER MARKET IN ROW, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 139 MICRO-INVERTER MARKET IN ROW, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.5.1 MIDDLE EAST & AFRICA
      • 13.5.1.1 Rise in number of solar PV projects to unfold new growth opportunities in Middle Easter & African market
    • TABLE 140 MICRO-INVERTER MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 141 MICRO-INVERTER MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2020-2025 (USD MILLION)
    • 13.5.2 SOUTH AMERICA
      • 13.5.2.1 Increased solar power generation in Brazil and Argentina to significantly contribute to market growth in South America
    • TABLE 142 MICRO-INVERTER MARKET IN SOUTH AMERICA, BY APPLICATION, 2016-2019 (USD MILLION)
    • TABLE 143 MICRO-INVERTER MARKET IN SOUTH AMERICA, BY APPLICATION, 2020-20125 (USD MILLION)

14 COMPETITIVE LANDSCAPE

  • 14.1 OVERVIEW
  • 14.2 MARKET SHARE ANALYSIS, 2019
    • FIGURE 50 MICRO-INVERTER MARKET: MARKET SHARE ANALYSIS (2019)
  • 14.3 COMPETITIVE SITUATIONS AND TRENDS
    • 14.3.1 PRODUCT DEVELOPMENTS
    • 14.3.2 AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS

15 COMPANY EVALUATION MATRIX AND COMPANY PROFILES

  • 15.1 OVERVIEW
  • 15.2 COMPANY EVALUATION MATRIX, 2019
    • 15.2.1 STAR
    • 15.2.2 PERVASIVE
    • 15.2.3 EMERGING LEADER
    • 15.2.4 PARTICIPANT
    • FIGURE 51 MICRO-INVERTER MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2019
  • 15.3 KEY PLAYERS

(Business overview, Products offered, Recent developments, SWOT analysis, MNM view)**

    • 15.3.1 ENPHASE ENERGY
    • FIGURE 52 ENPHASE ENERGY: COMPANY SNAPSHOT
    • 15.3.2 DARFON ELECTRONICS
    • FIGURE 53 DARFON ELECTRONICS: COMPANY SNAPSHOT
    • 15.3.3 ALTENERGY POWER SYSTEM
    • 15.3.4 RENESOLA
    • FIGURE 54 RENESOLA: COMPANY SNAPSHOT
    • 15.3.5 CHILICON POWER
    • 15.3.6 AECONVERSION
    • 15.3.7 ENVERTECH
    • 15.3.8 SENSATA TECHNOLOGIES
    • FIGURE 55 SENSATA TECHNOLOGIES: COMPANY SNAPSHOT
    • 15.3.9 NORTHERN ELECTRIC & POWER
    • 15.3.10 SPARQ SYSTEMS

*Business overview, Products offered, Recent developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

  • 15.4 RIGHT-TO-WIN
  • 15.5 OTHER PLAYERS
    • 15.5.1 SARONIC (EU) POWER TECH
    • 15.5.2 ENLUXSOLAR
    • 15.5.3 U R ENERGY
    • 15.5.4 BRAVO SOLAR
    • 15.5.5 GRACE RENEWABLE ENERGY
    • 15.5.6 SOLAR PANELS PLUS
    • 15.5.7 ZHEJIANG SANDI ELECTRIC
    • 15.5.8 STMICROELECTRONICS
    • 15.5.9 TEXAS INSTRUMENTS
    • 15.5.10 JINKOSOLAR

16 APPENDIX

  • 16.1 INSIGHTS OF INDUSTRY EXPERTS
  • 16.2 DISCUSSION GUIDE
  • 16.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 16.4 AVAILABLE CUSTOMIZATIONS
  • 16.5 RELATED REPORTS
  • 16.6 AUTHOR DETAILS