Global Solar Micro Inverter Market Size, Trends & Growth Opportunity, By Connectivity (On-Grid, and Standalone), By Application (Commercial, Utility, and Residential), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Solar Micro Inverter Market
Global Solar Micro Inverter Market was valued at USD 1,077.3 million in 2021 and is expected to reach USD 4,916.1 million by 2027, at a CAGR 15.12% from 2022-2027.
A micro-inverter is a device which connects to a single solar panel, converting DC from the panel into AC which can power household appliances & be sent into the grid for energy credits. Unlike string inverters, micro-inverters control the output of a single panel.
Solar micro inverter is a type of plug- and-play equipment that is used in photovoltaic installations which converts direct current generated by a single module to alternating current. Rising preference of customers towards more efficient systems is fuelling the demand for solar micro inverter which is expected to grow the market in near future.
Market Drivers
Increasing installation of solar products like solar panels are expected to propel the global solar micro inverter market growth. Furthermore, lucrative advantages provided over conventional solar inverters will have a positive impact on market growth. 
Solar micro inverter offers various advantages over conventional central and string inverters including high energy yield, enhanced safety, longer life cycles, better flexibility, simplicity, and no single point of failure. These factors have raised the adoption of solar micro inverters in the photovoltaic industry and are expected to drive the market growth during the forecast period. 
Market Restraints
However, the rise of power optimizers which provides similar benefits to that of solar micro inverter, is a major restraining factor which is expected to hinder the global solar micro inverter market growth. Also, increase in adoption of DC optimizer will obstruct the market growth.
Market Segmentation
The Global Solar Micro Inverter Market is segmented into connectivity such as On-Grid, and Standalone. 
Further, the market is segmented into applications such as Commercial, Utility, and Residential.
Regional Analysis
The Global Solar Micro Inverter Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region dominates the solar micro inverter market due to the rising number of micro-inverter installations. Furthermore, the favourable economic conditions will further boost the growth of the solar micro inverter market in the region during the forecast period 2027.
Market Key Players
Various key players are discussed into the Global Solar Micro Inverter Market Report including: ABB Ltd., SMA Solar Technology AG, Altenergy Power Systems Inc., Enphase Energy Inc., SunPower Corporations, Darfon Electronics Corporation, Northern Electric and Power Co. Ltd., Sparq Systems, Chilicon Power, LLC., Sineng Electric, and Others.
Market Taxonomy
By Connectivity
•    On-Grid
•    Standalone
By Application
•    Commercial
•    Utility
•    Residential
By Region
•    North America
•    Latin America
•    Europe
•    Asia Pacific
•    Middle East & Africa

Global Solar Micro Inverter Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Solar Micro Inverter Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Solar Micro Inverter Market, By Connectivity
5.1 Y-o-Y Growth Comparison, By Connectivity 
5.2 Global Solar Micro Inverter Market Share Analysis, By Connectivity 
5.3 Global Solar Micro Inverter Market Size and Forecast, By Connectivity
5.3.1 On-Grid
5.3.2 Standalone
6 Global Solar Micro Inverter Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Solar Micro Inverter Market Share Analysis, By Application
6.3 Global Solar Micro Inverter Market Size and Forecast, By Application
6.3.1 Commercial
6.3.2 Utility
6.3.3 Residential
7 Global Solar Micro Inverter Market, By Region
7.1 Global Solar Micro Inverter Market Share Analysis, By Region
7.2 Global Solar Micro Inverter Market Share Analysis, By Region
7.3 Global Solar Micro Inverter Market Size and Forecast, By Region
8 North America Solar Micro Inverter Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Solar Micro Inverter Market Share Analysis, By Connectivity
8.3 North America Solar Micro Inverter Market Size and Forecast, By Application
8.4 North America Solar Micro Inverter Market Size and Forecast, By Country
8.4.1 U. S
8.4.2 Canada
8.4.3 Mexico
9 Europe Solar Micro Inverter Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Solar Micro Inverter Market Share Analysis, By Connectivity 
9.3 Europe Solar Micro Inverter Market Size and Forecast, By Application 
9.4 Europe Solar Micro Inverter Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Solar Micro Inverter Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Solar Micro Inverter Market Share Analysis, By Connectivity 
10.3 Asia Pacific Solar Micro Inverter Market Size and Forecast, By Application 
10.4 Asia Pacific Solar Micro Inverter Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Solar Micro Inverter Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Solar Micro Inverter Market Share Analysis, By Connectivity 
11.3 Latin America Solar Micro Inverter Market Size and Forecast, By Application 
11.4 Latin America Solar Micro Inverter Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Solar Micro Inverter Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Solar Micro Inverter Market Share Analysis, By Connectivity 
12.3 Middle East Solar Micro Inverter Market Size and Forecast, By Application 
12.4 Middle East Solar Micro Inverter Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 ABB Ltd.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 SMA Solar Technology AG
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Altenergy Power Systems Inc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Enphase Energy Inc.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 SunPower Corporations
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Darfon Electronics Corporation
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Northern Electric and Power Co. Ltd.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Sparq Systems
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Chilicon power, LLC
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Sineng Electric
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies