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Asia Pacific Three Phase Micro Inverter Market Share

Report ID: GMI9943
Published Date: Jun 2024
Report Format: PDF

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Asia Pacific Three Phase Micro Inverter Market Share

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Eminent market players are focusing on continuous innovation to enhance the performance, efficiency, and reliability of three-phase microinverters by investing heavily in research and development to introduce advanced features such as maximum power point tracking (MPPT), smart grid integration capabilities, enhanced thermal management systems, and improved durability. Key players are expanding their product portfolios by offering a wide range of products with varying power ratings, configurations, and compatibility with different solar panel technologies to strengthen their market presence and capture a larger share in the region.

Asia Pacific Three Phase Micro Inverter Market Companies

Eminent players operating in the Asia Pacific three phase micro inverter industry are:

APsystems
Enphase Energy
Growatt New Energy
Hoymiles Power Electronics Inc
KEHUA Tech
NingBo Deye Inverter Technology Co., Ltd.
OutBack Power Technologies
Sensata Technologies, Inc.
SMA Solar Technology AG
Solax Power
Sparq System
Yotta Energy

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size for three phase micro inverter in Asia Pacific reached USD 22.3 million in 2023 and is set to witness 13.2% CAGR from 2024 to 2032, led by the rising technological advancements and innovations including high power ratings, better maximum power point tracking capabilities, and improved reliability.

The on-grid connectivity segment in the Asia Pacific three phase micro inverter industry is projected to surpass USD 44.8 million by 2032, owing to increasing reliability and stability of electrical grid in the region.

The commercial & industrial application segment in the Asia Pacific three phase micro inverter market is estimated to grow at over 12.9% CAGR between 2024 and 2032, due to the increasing electricity consumption in commercial setups comprising office buildings, retail stores, hotels, and manufacturing facilities.

China market is estimated to surpass USD 51 million by 2032, led by the rising policies and incentives by the government to promote renewable energy deployment.