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Single Phase Micro Inverter Market Share

Report ID: GMI7721
Published Date: Dec 2023
Report Format: PDF

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Single Phase Micro Inverter Market Share

Eminent players operating in the single phase micro inverter industry are:

TSUNESS Co., Ltd
Altenergy Power System Inc.
Hoymiles
Yotta Energy
Chilicon Power, LLC
SMA Solar Technology AG
Darfon Electronics Corp
Enphase Energy
Fimer Group
Sensata Technologies, Inc.
Sparq Systems
Growatt New Energy
LeadSolar Energy
NingBo Deye Inverter Technology Co. Ltd.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of single phase micro inverter was worth USD 2.3 billion in 2023 and is expected to reach over 6.2 billion by 2032, due to the growing carbon emission concerns coupled with stringent government norms to achieve climate action goals worldwide.

The on-grid single phase micro inverter industry size is expected to register over 11% CAGR from 2024 to 2032, owing to its ability to optimize the performance of each solar panel independently in line with modular nature of these systems and simplifying installation process.

North America single phase micro inverter industry is expected to register more than 9.5% CAGR from 2024 to 2032, due to the growing emphasis on establishing strong supply chain of components & materials for project development along with favorable technological advancements in the region.

TSUNESS Co., Ltd, Altenergy Power System Inc., Hoymiles, Yotta Energy, Chilicon Power, LLC, SMA Solar Technology AG, Darfon Electronics Corp, Enphase Energy, and Fimer Group are some of the major single phase micro inverter companies worldwide.