Micro-Inverter Market Forecast to 2026 - Covid-19 Impact and Global Analysis - by Type and Applications

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Micro-Inverter Market Forecast to 2026 - Covid-19
Impact and Global Analysis - by Type and
Applications
Micro-Inverter Market, By Component (Hardware,
Software, Services), By Type (Single Phase, Three
Phase), By Communication Technology (Wired,
Wireless), By Connection (Stand-Alone,
Grid-Connected), By Sales Channel (Direct,
Indirect), By Application (Residential,
Commercial, PV Power Plant), By Geography (North
America, South America, Europe, Asia-Pacific,
Middle East and Africa) Industry Trends and
Forecast to 2026
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Report Description
The micro-inverter market is expected to grow
from its initial estimated value of USD 2.60
billion in 2018 to an estimated value of USD
10.28 billion by 2026, registering a CAGR of
18.75 in the forecast period of 2019-2026. This
rise in market value can be attributed to the
rising awareness about the benefits of renewable
energy, and increased investments in for its
research and developments. Microi inverters are
an innovative technology that acts just like a
basic conventional inverter which is used to
convert direct current (DC) into alternate
current (AC) from the energy stored inside the
solar panels. These inverters regulate and
alternate the current for the usage of energy in
small electronic devices. The rise in usage of
photovoltaic power (PV) systems has raised the
demand for these inverters significantly.
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Major Key Players

• Some of the major players operating in this
  market are
• Enphase Energy Inc.
• Altenergy Power System Inc.
• SunPower Corporation
• Siemens AG
• Zhejiang Envertech Corporation Limited
• Renesola
• Darfon Electronics Corp.
• AEconversion GmbH Co. KG.
• SMA Solar Technology AG

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micro-inverter-market
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Market Segmentation

• By Component (Hardware, Software, Services)
• By Type (Single Phase, Three Phase)
• By Communication Technology (Wired, Wireless)

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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