Micro Inverter Market is Predicted to Surpass $13.5 Billion by 2030, with Expand 19.7% CAGR From 2020-2030

Micro Inverter Market size was valued at $2.4 billion in 2020, is projected to reach $13.5 billion by 2030, growing at a CAGR of 19.7% from 2021 to 2030.

WILMINGTON, NEW CASTLE, DE, UNITED STATES, July 30, 2025 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Micro Inverter Market, by Type (Single phase, Three phase), by Connection (Stand Alone, Grid Connected), by End User (Residential, Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2030". Micro Inverter Market, by Type (Single phase, Three phase), by Connection (Stand Alone, Grid Connected), by End User (Residential, Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2030". The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Download Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/1702

A micro inverter is device that connects to a single solar panel and converts direct current (DC) into alternating current (AC), which can be used to power domestic appliances or deliver into the grid for energy credits. It is long lasting, more reliable, and more efficient compared to traditional inverters. Micro inverters are divided into two categories based on the phase supply: single phase and three phase.

Growth of the global micro inverter industry is driven by factors, such as technical advantages over other conventional solar inverter, design flexibility, and capabilities like producing maximum power from solar panels. In addition, surge in need for sustainable & clean energy on account of growing concerns regarding damaging greenhouse gases emissions boost the market growth. However, increase in installation and maintenance costs restraints the market growth. On the contrary, rise in the number of solar photovoltaic (PV) installations for various applications across the globe fuels the market growth during the forecast period.

The global micro inverter market is segmented on the basis of type, connection, end user, and region. By type, the market is classified into single phase and three phase. Depending on connection, it is categorized into stand alone and grid connected. On the basis of end user, it is divided into residential and commercial. Also, the report provides a detailed Micro inverter market Analysis based on competitive intensity and how the competition will take shape in coming years.

Based on type, the single phase segment held the highest market share in 2020, contributing to nearly three-fourths of the global micro inverter market, and is projected to maintain its leadership status during the forecast period. This is due to high penetration in the residential sector for its features such as simplicity in design and flexibility. However, the three phase segment is estimated to witness the largest CAGR of 23.8% from 2021 to 2030.

Based on end user, the residential segment contributed the highest market share in 2020, accounting for more than four-fifths of the global micro inverter market, and is expected to maintain its lead position throughout the forecast period. This is attributed to rise in adoption of micro inverters in solar PV systems with surge in energy efficiency concerns and the launch of government initiatives. However, the commercial segment is expected to manifest the fastest CAGR of 27.1% from 2021 to 2030.

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Based on region, Asia-Pacific accounted for the highest market share in terms of revenue in 2020, accounting for nearly half of the global micro inverter market, and is expected to maintain its dominance in terms of revenue by 2030. Moreover, this region is estimated to register the fastest CAGR of 21.9% during the forecast period. This is due to rise in adoption of micro inverters in solar energy plants with increase in crude oil prices along with Renewable Portfolio Standards (RPS) and feed-in-tariffs provided by governments. However, North America is estimated to grow steadily during the forecast period.

Leading Market Players

• Involar
• P and P Energy Technology Co Limited
• Enphase Energy, Inc
• ABB Group
• SunPower Corporation
• SMA Solar Technology AG
• Delta Energy Systems GmbH
• SolarEdge Technologies Inc.
• ReneSola
• Siemens AG

Key Finding of the Study:

• The fan in single phase segment is projected to be the major type, followed three phase.
• Asia-Pacific and North America collectively accounted for more than 69% of the micro inverter market share in 2020.
• India is anticipated to witness highest growth rate during the forecast period.
• The U.S. was the major shareholder in the North America micro inverter market, accounting for approximately 81% share in 2020.
• Depending on connection, the grid connected segment generated the highest revenue in 2020. However, the stand alone segment is expected to witness the highest growth rate in the future.
• Region wise, the micro inverter market was dominated by Asia-Pacific. Also, Asia-Pacific is expected to witness significant growth in the coming years.

Key Benefits For Stakeholders:

• This study comprises analytical depiction of the global micro inverter market size along with current trends and future estimations to depict imminent investment pockets.
• The overall micro inverter market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current micro inverter market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and the micro inverter market share of key vendors.
• The report includes the market trends and the market share of key vendors.

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Allied Market Research
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