Introduction
PV Micro Inverters Market was valued at USD XX Billion in 2019 and is projected to reach USD XX billion by 2025, at a CAGR of XX% from 2020-2025. Increased consumer preference towards and growing awareness towards the use of renewable energy sources across the globe is a key driver of the market. Additionally, the increasing government incentives and improved renewable energy expenditure has also led to increase in demand for PV Micro Inverters Market. The high efficiency and high safety features also major driving factors for the PV Micro Inverters Market.
On the other hand, the high capital expenditure and requirement of various add-ins are some of the restraining factors of this Market.
Geographical Overview
At global level, North America region holds the highest market share in 2019 this is mainly due to the large number of residential PV installations and strong government initiatives favoring PV systems. Europe and Asia Pacific regions are considered the fastest-growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of PV Micro Inverters Market with its high population base and increasing PV installations in residential sector on account of improvement in renewable energy.
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Segmental Overview
PV Micro Inverters Market is segmented as per below specifications -
By Component:
• Hardware
• Software
• Services
By Type:
• Single Phase
• Three Phase
By Communication Technology:
• Wired
• Wireless
By Sales Channel:
• Direct
• Indirect
By Application:
• Residential
• Commercial
• PV Power Plant
By Connectivity:
• Standalone
• On-grid
Competitor Analysis
PV Micro Inverters Market has presence of some of the key major players across globe which includes
• ABB Ltd
• Chilicon Power
• Enphase Energy
• Renesola
• SMA Solar Technology
• SolarEdge Technologies
• Sungrow Power Supply
• Schenzhen Kstar Science & Technology
• TMEIC
• SunPower Corp
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Geographical Locations:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA
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Highlights of the report
What is PV Micro Inverters Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by Leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations
Chapter 1 Research Objective
1.1 Need of the Research Report
1.2 Client Objectives
1.3 Offered Solutions
Chapter 2 Recommendations
2.1 Executive Summary
2.1.1 Market Overview
2.1.2 Competitive Insights
2.1.3 Segmental Analysis
2.1.4 Geographical Market Details
2.2 Lead Generation
2.3 Consultant
2.4 Return on Investment
Chapter 3 Research Methodology
3.1 Chromatus Database
3.2 Paid Sources
3.3 Primary Data Collection
3.3.1 Email Surveys
3.3.2 Telephonic Interviews
3.3.3 Face to Face Interviews
3.4 Secondary Data Collection
3.4.1 Annual Reports
3.4.2 Government Publications
3.4.3 Trade Data
3.4.4 Association Data
3.4.5 Research Papers/ Blogs/ News Articles
3.5 Expert Advisory Panel
3.6 Data Analytics Model
Chapter 4 PV Micro Inverters Market Overview
4.1 Parent Market Overview
4.2 Patent Analysis
4.3 PESTEL Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.3.5 Legal
4.4 SWOT Analysis
4.4.1 Strengths
4.4.2 Weakness
4.4.3 Opportunities
4.4.4 Threats
4.5 Regulations
4.6 Value Chain/ Supply Chain Analysis
4.7 Procurement & Vendor Analysis
4.8 Porters Five Analysis
4.8.1 Threat of new entrants
4.8.2 Bargaining power of suppliers
4.8.3 Bargaining power of buyers
4.8.4 Threat of substitutes
4.8.5 Competitive rivalry
Chapter 5 Regional Analysis
Global PV Micro Inverters Market Estimation and Forecast, 2019 - 2025 (USD Billion)
5.1 North America Market
5.1.1 U.S.
5.1.1 Canada
5.2 Europe Market
5.2.1 UK
5.2.2 Germany
5.2.3 France
5.2.4 Spain
5.2.5 Italy
5.2.6 Russia& CIS
5.2.7 Rest of Europe
5.3 Asia Pacific Market
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 South Korea
5.3.5 ASEAN
5.3.6 Rest of Asia Pacific
5.4 Rest of the World
5.4.1 Latin America
5.4.1.1 Brazil
5.4.1.2 Argentina
5.4.1.3 Rest of Latin America
5.4.2 Middle East
5.4.3 Africa
Chapter 6 Company Profile
6.1 ABB Ltd
6.1.1 Introduction
6.1.2 Financial Overview
6.1.3 Product Portfolio
6.1.4 Recent Developments
6.1.5 SWOT Analysis
6.2 Chilicon Power
6.3 Enphase Energy
6.4 Renesola
6.5 SMA Solar Technology
6.6 SolarEdge Technologies
6.7 Sungrow Power Supply
6.8 Schenzhen Kstar Science & Technology
6.9 TMEIC
6.10 SunPower Corp
Chapter 7 Competitor Analysis
7.1 Company Ranking
7.2 Key Innovators
7.3 Market Leader
7.4 Emerging Players
7.5 Strategic Alliances
7.6 Competitive Matrix of 10 Companies
Chapter 8 Global PV Micro Inverters Market by Component Estimation and Forecast, 2019 - 2025 (USD Billion)
8.1 Hardware
8.2 Software
8.3 Services
Chapter 9 Global PV Micro Inverters Market by Type Estimation and Forecast, 2019 - 2025 (USD Billion)
9.1 Single Phase
9.2 Three Phase
Chapter 10 Global PV Micro Inverters Market by Communication Technology Estimation and Forecast, 2019 - 2025 (USD Billion)
10.1 Wired
10.2 Wireless
Chapter 11 Global PV Micro Inverters Market by Sales Channel Estimation and Forecast, 2019 - 2025 (USD Billion)
11.1 Direct
11.2 Indirect
Chapter 12 Global PV Micro Inverters Market by Application Estimation and Forecast, 2019 - 2025 (USD Billion)
12.1 Residential
12.2 Commercial
12.3 PV Power Plant
Chapter 13 Global PV Micro Inverters Market by Connectivity Estimation and Forecast, 2019 - 2025 (USD Billion)
13.1 Standalone
13.2 On-grid
Chapter 14 Appendix
14.1 Data Sources
14.2 Abbreviations
14.3 About US
14.4 Disclaimer
14.5 Key Notes
Table 1 Global PV Micro Inverters Market, by Region, 2019 - 2025 (USD Billion)
Table2 Global PV Micro Inverters Market, by Component, 2019 - 2025 (USD Billion)
Table3 Global PV Micro Inverters Market, by Type, 2019 - 2025 (USD Billion)
Table4 Global PV Micro Inverters Market, by Distribution Type, 2019 - 2025 (USD Billion)
Table5North America PV Micro Inverters Market2019 - 2025 (USD Billion)
Table6North America PV Micro Inverters Market by Component2019 - 2025 (USD Billion)
Table7North America PV Micro Inverters Market by Type 2019 - 2025 (USD Billion)
Table8North America PV Micro Inverters Market by Distribution Type 2019 - 2025 (USD Billion)
Table9US PV Micro Inverters Market2019 - 2025 (USD Billion)
Table10Canada PV Micro Inverters Market2019 - 2025 (USD Billion)
Table11Europe PV Micro Inverters Market2019 - 2025 (USD Billion)
Table12Europe PV Micro Inverters Market by Component2019 - 2025 (USD Billion)
Table13Europe PV Micro Inverters Market by Type 2019 - 2025 (USD Billion)
Table14Europe PV Micro Inverters Market by Distribution Type 2019 - 2025 (USD Billion)
Table15 UK PV Micro Inverters Market2019 - 2025 (USD Billion)
Table16GermanyPV Micro Inverters Market2019 - 2025 (USD Billion)
Table17France PV Micro Inverters Market2019 - 2025 (USD Billion)
Table18Spain PV Micro Inverters Market2019 - 2025 (USD Billion)
Table19ItalyPV Micro Inverters Market2019 - 2025 (USD Billion)
Table20Russia& CIS PV Micro Inverters Market2019 - 2025 (USD Billion)
Table21Rest of Europe PV Micro Inverters Market2019 - 2025 (USD Billion)
Table22Asia Pacific PV Micro Inverters Market2019 - 2025 (USD Billion)
Table23Asia Pacific PV Micro Inverters Market by Component2019 - 2025 (USD Billion)
Table24Asia Pacific PV Micro Inverters Market by Type 2019 - 2025 (USD Billion)
Table25Asia Pacific PV Micro Inverters Market by Distribution Type 2019 - 2025 (USD Billion)
Table26ChinaPV Micro Inverters Market2019 - 2025 (USD Billion)
Table27Japan PV Micro Inverters Market2019 - 2025 (USD Billion)
Table28IndiaPV Micro Inverters Market2019 - 2025 (USD Billion)
Table29South Korea PV Micro Inverters Market2019 - 2025 (USD Billion)
Table30ASEAN PV Micro Inverters Market2019 - 2025 (USD Billion)
Table31Rest of Asia Pacific PV Micro Inverters Market2019 - 2025 (USD Billion)
Table32Latin America PV Micro Inverters Market2019 - 2025 (USD Billion)
Table33Latin America PV Micro Inverters Market by Component2019 - 2025 (USD Billion)
Table34Latin America PV Micro Inverters Market by Type 2019 - 2025 (USD Billion)
Table35Latin America PV Micro Inverters Market by Distribution Type 2019 - 2025 (USD Billion)
Table36 Brazil PV Micro Inverters Market2019 - 2025 (USD Billion)
Table37 Argentina PV Micro Inverters Market2019 - 2025 (USD Billion)
Table38 Rest of Latin America PV Micro Inverters Market2019 - 2025 (USD Billion)
Table39Middle East PV Micro Inverters Market2019 - 2025 (USD Billion)
Table40 Middle East PV Micro Inverters Market by Component2019 - 2025 (USD Billion)
Table41Middle East PV Micro Inverters Market by Type 2019 - 2025 (USD Billion)
Table42Middle East PV Micro Inverters Market by Distribution Type 2019 - 2025 (USD Billion)
Table43Africa PV Micro Inverters Market2019 - 2025 (USD Billion)
Table44 Africa PV Micro Inverters Market by Component2019 - 2025 (USD Billion)
Table45Africa PV Micro Inverters Market by Type 2019 - 2025 (USD Billion)
Table46Africa PV Micro Inverters Market by Distribution Type 2019 - 2025 (USD Billion)
Fig. 1 Primary Research Method
Fig. 2 Secondary Research Method
Fig. 3 Value chain analysis
Fig. 4 PESTEL Analysis
Fig. 5 SWOT Analysis
Fig. 6 Porters Five forces analysis
Fig. 7 PV Micro Inverters Market: Penetration & growth prospect mapping
Fig. 8 PV Micro Inverters Market: Competitive snapshot
Fig. 9 PV Micro Inverters Market: Segmental snapshot
Fig. 10 Market Overview
Fig. 11 PV Micro Inverters Market: Product Analysis, 2019 - 2025
Fig. 12 PV Micro Inverters Market: Regional Analysis, 2019 - 2025
Fig. 13 PV Micro Inverters Market: Competitive Matrix
Fig. 14 PV Micro Inverters Market: Revenue Mix