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Standalone Micro Inverter Market Share

Report ID: GMI8032
Published Date: Feb 2024
Report Format: PDF

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Standalone Micro Inverter Market Share

The standalone micro inverter industry is becoming more competitive, leading to market consolidation. Mergers, acquisitions, and partnerships are shaping the industry landscape as companies seek to strengthen their market positions and offerings. Additionally, collaborations between microinverter manufacturers and solar panel producers will lead to integrated inverter-panel solutions., thereby contributing to innovation and product improvement.

Standalone Micro Inverter Market Companies

Eminent players operating in the standalone micro inverter industry are:

AIMS Power
Altenergy Power System Inc.
Chilicon Power
Darfon Electronics
Delta Electronics
Enphase Energy
Growatt New Energy
Hoymiles
Shenzhen Sako Solar Co., Ltd.
SMA Solar Technology AG
SolarEdge Technologies
Yotta Energy

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of standalone micro inverter was reached USD 700 million in 2023 and is anticipated to record 15.2% CAGR up to 2032, due to the rising requirement for energy independence and self-sufficiency among consumers and businesses.

Standalone micro inverter market from the residential application segment may cross USD 1.9 billion by 2032, due to the rising demand for clean and more aesthetically pleasing installations.

Europe standalone micro inverter market size is expected to witness more than 17.5% CAGR through 2032, owing to the presence of supportive government incentives, subsidies, and investments for the adoption of solar energy systems along with integration of hybrid solar and storage systems.

Some of the key standalone micro inverter market participants include AIMS Power, Altenergy Power System Inc., Chilicon Power, Darfon Electronics, Delta Electronics, and Enphase Energy.