How big is the Micro Inverter Market?

The Micro Inverter Market size is expected to reach USD 3.15 billion in 2024 and grow at a CAGR of 19.70% to reach USD 7.74 billion by 2029. Read More

What is the current Micro Inverter Market size?

In 2024, the Micro Inverter Market size is expected to reach USD 3.15 billion. Read More

Who are the key players in Micro Inverter Market?

Enphase Energy Inc., Altenergy Power System Inc., Siemens AG , ABB Group and DARFON are the major companies operating in the Micro Inverter Market. Read More

Which is the fastest growing region in Micro Inverter Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Micro Inverter Market?

In 2024, the North America accounts for the largest market share in Micro Inverter Market. Read More

What years does this Micro Inverter Market cover, and what was the market size in 2023?

In 2023, the Micro Inverter Market size was estimated at USD 2.63 billion. The report covers the Micro Inverter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Micro Inverter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Micro Inverter Market - Share, Manufacturers & Trends

Micro Inverter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers the Global Solar Microinverter Market Size & Growth. The Market is segmented by Type (Single Phase and Three Phases), Communication Technology (Wired and Wireless), Sales Channel (Direct and Indirect), Application (Residential, Commercial, and PV Power Plant), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Micro Inverter Industry Overview

The micro-inverter market is highly fragmented, and the major players such as Enphase Energy Inc., Altenergy Power System Inc., DARFON, ABB Ltd, and Siemens AG, among others. These market players are using strategies such as new product launches, expansions, partnerships, acquisitions, and others to increase their footprints in this market.

April 2022 - Yotta Energy announced obtaining USD 3.5 million in new capital, bringing its total Series A funding to USD 16.5 Million. Yotta's total funding is now over USD 25.5 million due to the current funding round and award.
October 2021 - Enphase Energy, Inc., the world's premier microinverter-based solar and battery system manufacturer, unveiled the Enphase Energy System with IQ8TM solar microinverters for clients in North America. IQ8 is Enphase's most advanced microinverter to date. Unlike rival gadgets, IQ8 can build a microgrid using sunlight throughout a power outage, delivering backup energy without a battery.