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Commercial Micro Inverter Market Share

Report ID: GMI9522
Published Date: May 2024
Report Format: PDF

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Commercial Micro Inverter Market Share

Commercial Micro Inverter Company Market Share

Eminent players are focusing on geographic expansion strategies involving establishing subsidiaries, forming strategic alliances with local partners, and investing in marketing and promotional activities tailored to specific regions. Furthermore, leading manufacturers in the market are focused on continuous product innovation to differentiate themselves and meet the evolving needs of commercial customers. Additionally, new players are building strong relationships with customers and delivering value-added services, and manufacturers to foster long-term partnerships, generate repeat business, and maintain a competitive edge in the market.

Commercial Micro Inverter Market Companies

Eminent players operating in the commercial micro inverter industry are:

APsystems
Altenergy Power System, Inc.
Dongguan Maywah Co., Ltd
Enphase Energy
Fimer Group
GoodWe Power Supply Technology Co., Ltd.
Growatt New Energy
Hoymiles
NingBo Deye Inverter Technology Co., Ltd.
Northern Electric Power Technology Inc.
SolarEdge Technologies
Sparq System
TSUNESS Co., Ltd.
Yotta Energy

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of commercial micro inverter was reached USD 245.8 million in 2023 and is expected to register 12.5% CAGR from 2024 to 2032, owing to offering advantages such as enhanced performance, flexibility, monitoring capabilities, scalability, and safety features.

Commercial micro inverter industry from the three phase segment is expected to reach over USD 680 million by 2032 due to their improved energy harvest, increased system efficiency, and enhanced reliability in line with advanced monitoring and control features.

Europe commercial micro inverter industry is projected to surprass USD 377 million by 2032 due to the ambitious renewable energy targets, aiming to achieve carbon neutrality by 2050 in the region.

Growatt New Energy, Hoymiles, NingBo Deye Inverter Technology Co., Ltd., Northern Electric Power Technology Inc., SolarEdge Technologies, Sparq System, TSUNESS Co., Ltd., and Yotta Energy, are some of the major commercial micro inverter companies worldwide.