Micro inverter is an electronic device used in photovoltaic to transform direct current (DC) from solar modules into alternating current (AC). These inverters are normally installed on each solar panel separately, to convert the DC power into AC power at the source itself. Additionally, micro inverters are easy to install and have simpler operations compared to string inverters and central inverters. It also does optimal power production by performing maximum power point tracking for its connected module. Moreover, it offers several benefits over traditional inverters such as greater reliability, higher production, and improved safety.
At present, the world micro-inverter market is driven by its high reliability and efficient performance. As in micro inverter technology each inverter operates independently; thus, one sheltered or infected panel does not affect the entire system. Moreover, micro-inverters offer higher safety as compared to conventional inverter technologies. However, high installation cost is one of the key restraints to the market growth. Technological advancements in the field of solar cells to increase efficiency and rise in government spending in renewable energy projects are expected to provide growth opportunities for the market.
The market is segmented on the basis of type, connection, end user, and geography. The type segment is segmented into single- and three-phase micro-invertor. The connection segment is classified into stand-alone and grid-connected. On the basis of end user, it is classified into residential and commercial. Based on geography, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Major companies profiled in the report include Enphase Energy Inc., ABB Group, SunPower Corporation, SMA Solar Technology AG, Delta Energy Systems GmbH, SolarEdge Technologies, Inc., ReneSola, Siemens AG, P&P Energy Technology Co., Ltd. and Involar.
POTENTIAL BENEFITS FOR STAKEHOLDERS
MARKET SEGMENTATION
The world micro inverter market is segmented on the basis of type, connection, end user, and geography.
BY TYPE
BY CONNECTION
BY END USER
BY GEOGRAPHY
KEY PLAYERS
CHAPTER 1 INTRODUCTION
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO Perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top Impacting Factors
3.2.2 Top Investment Pockets
3.2.3 Top Winning Strategies
3.3 Porters Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of Substitution
3.3.4 Threat of New Entrants
3.3.5 Competitive Rivalry
3.4 Market Share Analysis, 2015 (%)
3.5 World Micro Inverter Market: Value Chain Analysis
3.6 Market Dynamics
3.6.1 Drivers
3.6.1.1 Higher output and cost-efficiency
3.6.1.2 Increased reliability and safety
3.6.1.3 Rising residential solar system installation
3.6.2 Restraints
3.6.2.1 High installation cost
3.6.2.2 Tough maintenance
3.6.3 Opportunities
3.6.3.1 Rising government incentives
CHAPTER 4 WORLD MICRO INVERTER MARKET, BY TYPE
4.1 Single Phase
4.1.1 Key Market Trends
4.1.2 Key Drivers and Opportunities
4.1.3 Market Size and Forecast
4.2 Three Phase
4.2.1 Key Market Trends
4.2.2 Key Drivers and Opportunities
4.2.3 Market Size and Forecast
CHAPTER 5 WORLD MICRO INVERTER MARKET, BY CONNECTION
5.1 Stand-Alone
5.1.1 Key Market Trends
5.1.2 Key Drivers and Opportunities
5.1.3 Market Size and Forecast
5.2 Grid-Connected
5.2.1 Key Market Trends
5.2.2 Key Drivers and Opportunities
5.2.3 Market Size and Forecast
CHAPTER 6 WORLD MICRO INVERTER MARKET, BY END-USER
6.1 Residential
6.1.1 Key Market Trends
6.1.2 Key Drivers and Opportunities
6.1.3 Market Size and Forecast
6.2 Commercial
6.2.1 Key Market Trends
6.2.2 Key Drivers and Opportunities
6.2.3 Market Size and Forecast
CHAPTER 7 WORLD MICRO INVERTER MARKET, BY GEOGRAPHY
7.1 North America
7.1.1 Key Market Trends
7.1.2 Key Drivers and Opportunities
7.1.3 Market Size and Forecast
7.1.4 U.S.
7.1.5 Mexico
7.1.6 Canada
7.2 Europe
7.2.1 Key Market Trends
7.2.2 Key Drivers and Opportunities
7.2.3 Market Size and Forecast
7.2.4 U.K.
7.2.5 Germany
7.2.6 France
7.2.7 Rest of Europe
7.3 Asia-Pacific
7.3.1 Key Market Trends
7.3.2 Key Drivers and Opportunities
7.3.3 Market Size and Forecast
7.3.4 China
7.3.5 Japan
7.3.6 India
7.3.7 Australia
7.3.8 Rest of Asia-Pacific
7.4 LAMEA
7.4.1 Key Market Trends
7.4.2 Key Drivers and Opportunities
7.4.3 Market Size and Forecast
7.4.4 Latin America
7.4.5 Middle East
7.4.6 Africa
CHAPTER 8 COMPANY PROFILES
8.1 Enphase Energy, Inc.
8.1.1 Company Overview
8.1.2 Company Snapshot
8.1.3 Business Performance
8.1.4 Key Strategic Moves and Developments
8.2 ABB Group
8.2.1 Company Overview
8.2.2 Company Snapshot
8.2.3 Operating Business Segments
8.2.4 Business Performance
8.2.5 Key Strategic Moves and Developments
8.3 SunPower Corporation
8.3.1 Company Overview
8.3.2 Company Snapshot
8.3.3 Operating Business Segments
8.3.4 Business Performance
8.3.5 Strategic Moves and Developments
8.4 SMA Solar Technology AG
8.4.1 Company Overview
8.4.2 Company Snapshot
8.4.3 Operating Business Segments
8.4.4 Business Performance
8.4.5 Key Strategic Moves and Developments
8.5 Delta Energy Systems GmbH
8.5.1 Company Overview
8.5.2 Operating Business Segments
8.5.3 Business Performance
8.5.4 Key Strategic Moves and Developments
8.6 SolarEdge Technologies Inc.
8.6.1 Company Overview
8.6.2 Company Snapshot
8.6.3 Business Performance
8.6.4 Key Strategic Moves and Developments
8.7 ReneSola
8.7.1 Company Overview
8.7.2 Company Snapshot
8.7.3 Operating Business Segments
8.7.4 Business Performance
8.7.5 Strategic Moves and Developments
8.8 Siemens AG
8.8.1 Company Overview
8.8.2 Company Snapshot
8.8.3 Operating Business Segments
8.8.4 Business Performance
8.8.5 Strategic Moves and Developments
8.9 P&P Energy Technology Co., Limited
8.9.1 Company Overview
8.9.2 Company Snapshot
8.10 Involar
8.10.1 Company Overview
8.10.2 Company Snapshot
LIST OF FIGURES
FIG. 1 WORLD MICRO INVERTER MARKET ANALYSIS, 2015 & 2022 ($MILLION)
FIG. 2 TOP IMPACTING FACTORS
FIG. 3 TOP INVESTMENT POCKETS
FIG. 4 TOP WINNING STRATEGIES (20132016)
FIG. 5 PORTERS FIVE FORCES ANALYSIS
FIG. 6 MARKET SHARE ANALYSIS, 2015 (%)
FIG. 7 WORLD MICRO INVERTER MARKET: VALUE CHAIN ANALYSIS
FIG. 8 WORLD MICRO INVERTER MARKET REVENUE BY TYPE, 2015 & 2022 (% SHARE)
FIG. 9 WORLD SINGLE PHASE MICRO INVERTER MARKET ANALYSIS, 2015 & 2022 ($MILLION)
FIG. 10 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD SINGLE PHASE MICRO INVERTER MARKET, 2015 & 2022 (%)
FIG. 11 WORLD SINGLE PHASE MICRO INVERTER MARKET, MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIG. 12 WORLD SINGLE PHASE MICRO INVERTER MARKET, MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 13 WORLD THREE PHASE MICRO INVERTER MARKET ANALYSIS, 2015($MILLION)
FIG. 14 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD THREE PHASE MICRO INVERTER MARKET, 2015 & 2022 (%)
FIG. 15 MARKET REVENUE & FORECAST OF WORLD THREE PHASE MICRO INVERTER MARKET, 2014-2022 ($MILLION)
FIG. 16 MARKET SHARE ANALYSIS OF WORLD THREE PHASE MICRO INVERTER MARKET BY GEOGRAPHY, 2014-2022 (%)
FIG. 17 WORLD MICRO INVERTER MARKET REVENUE BY CONNECTION, 2015 & 2022 (% SHARE)
FIG. 18 WORLD STAND-ALONE MICRO INVERTER MARKET ANALYSIS, 2015 ($MILLION)
FIG. 19 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD STAND-ALONE MICRO INVERTER, 2015 & 2022 (%)
FIG. 20 MARKET REVENUE & FORECAST OF WORLD STAND-ALONE MICRO INVERTER MARKET, 2014-2022 ($MILLION)
FIG. 21 MARKET SHARE ANALYSIS OF WORLD STAND-ALONE MICRO INVERTER MARKET BY GEOGRAPHY, 2014-2022 (%)
FIG. 22 WORLD GRID-CONNECTED MICRO INVERTER MARKET ANALYSIS, 2015 ($MILLION)
FIG. 23 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD GRID-CONNECTED MICRO INVERTER MARKET, 2015 & 2022 (%)
FIG. 24 MARKET REVENUE & FORECAST OF WORLD GRID-CONNECTED MICRO INVERTER MARKET, 2014-2022 ($MILLION)
FIG. 25 MARKET SHARE ANALYSIS OF WORLD GRID-CONNECTED MICRO INVERTER MARKET BY GEOGRAPHY, 2014-2022 (%)
FIG. 26 WORLD MICRO INVERTER MARKET REVENUE BY END-USER, 2015 & 2022 (%SHARE)
FIG. 27 WORLD RESIDENTIAL MICRO INVERTER MARKET ANALYSIS, 2015 ($MILLION)
FIG. 28 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD RESIDENTIAL MICRO INVERTER END-USER MARKET, 2015 & 2022 (%)
FIG. 29 MARKET REVENUE & FORECAST OF WORLD RESIDENTIAL MICRO INVERTER END-USER MARKET, 2014-2022 ($MILLION)
FIG. 30 MARKET SHARE ANALYSIS OF WORLD RESIDENTIAL MICRO INVERTER END-USER MARKET BY GEOGRAPHY, 2014-2022 (%)
FIG. 31 WORLD COMMERCIAL MICRO INVERTER END-USER MARKET ANALYSIS, 2015 ($MILLION)
FIG. 32 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD COMMERCIAL MICRO INVERTER END-USER MARKET, 2015 & 2022 (%)
FIG. 33 WORLD COMMERCIAL MICRO INVERTER MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIG. 34 WORLD COMMERCIAL MICRO INVERTER MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 35 WORLD MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2015 & 2022 (% SHARE)
FIG. 36 NORTH AMERICA MICRO INVERTER MARKET REVENUE BY COUNTRY, 2015 & 2022 (% SHARE)
FIG. 37 NORTH AMERICA MICRO INVERTER MARKET REVENUE BY END-USER, 2015 & 2022 (% SHARE)
FIG. 38 NORTH AMERICA: WORLD MICRO INVERTER MARKET ANALYSIS, 2015
FIG. 39 NORTH AMERICA MICRO INVERTER MARKET REVENUE BY TYPE, 2015 & 2022 (% SHARE)
FIG. 40 U.S. MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 41 MEXICO MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 42 CANADA MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 43 EUROPE MICRO INVERTER MARKET REVENUE BY COUNTRY, 2015 & 2022 (% SHARE)
FIG. 44 EUROPE: WORLD MICRO INVERTER MARKET ANALYSIS, 2015
FIG. 45 EUROPE MICRO INVERTER MARKET REVENUE BY END-USER, 2015 & 2022 (% SHARE)
FIG. 46 EUROPE MICRO INVERTER MARKET REVENUE BY TYPE, 2015 & 2022 (% SHARE)
FIG. 47 U.K. MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 48 GERMANY MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 49 FRANCE MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 50 REST OF EUROPE MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 51 ASIA-PACIFIC MICRO INVERTER MARKET REVENUE BY COUNTRY, 2015 & 2022 (% SHARE)
FIG. 52 ASIA-PACIFIC: WORLD MICRO INVERTER MARKET ANALYSIS, 2015
FIG. 53 ASIA-PACIFIC MICRO INVERTER MARKET REVENUE BY END-USER, 2015 & 2022 (% SHARE)
FIG. 54 ASIA-PACIFIC MICRO INVERTER MARKET REVENUE BY TYPE, 2015 & 2022 (% SHARE)
FIG. 55 CHINA MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 56 JAPAN MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 57 INDIA MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 58 AUSTRALIA MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 59 REST OF ASIA-PACIFIC MICRO INVERTER MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 60 LAMEA MICRO INVERTER MARKET REVENUE BY COUNTRY, 2014 & 2022 (% SHARE)
FIG. 61 LAMEA: WORLD MICRO INVERTER MARKET ANALYSIS, 2015
FIG. 62 LAMEA MICRO INVERTER MARKET REVENUE BY END-USER, 2014 & 2022 (% SHARE)
FIG. 63 LAMEA MICRO INVERTER MARKET REVENUE BY TYPE, 2015 & 2022 (% SHARE)
FIG. 64 LATIN AMERICA MICRO INVERTER MARKET REVENUE, 2014-2022
FIG. 65 MIDDLE EAST MICRO INVERTER MARKET REVENUE, 2014-2022
FIG. 66 AFRICA MICRO INVERTER MARKET REVENUE, 2014-2022
FIG. 67 ENPHASE ENERGY, INC.: REVENUE, 2013-2015 (MILLION)
FIG. 68 ENPHASE ENERGY, INC.: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 69 ABB GROUP: REVENUE, 2013-2015 ($MILLION)
FIG. 70 ABB GROUP: REVENUE BY OPERATING SEGMENTS, 2015 (%)
FIG. 71 ABB GROUP: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 72 SUNPOWER CORPORATION: REVENUE, 2013 - 2015 ($MILLION)
FIG. 73 SUNPOWER CORPORATION: REVENUE BY BUSINESS SEGMENTS, 2015(%)
FIG. 74 SUNPOWER CORPORATION: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 75 SMA SOLAR TECHNOLOGY AG: REVENUE, 2013 - 2015 ($MILLION)
FIG. 76 SMA SOLAR TECHNOLOGY AG: REVENUE BY BUSINESS SEGMENTS, 2015(%)
FIG. 77 SMA SOLAR TECHNOLOGY AG: REVENUE BY GEOGRAPHY, 2015(%)
FIG. 78 DELTA ENERGY SYSTEMS GMBH: REVENUE, (2013-2015, MILLION)
FIG. 79 DELTA ENERGY SYSTEMS GMBH REVENUE BY OPERATING SEGMENTS, 2015 (%)
FIG. 80 DELTA ENERGY SYSTEMS GMBH: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 81 SOLAREDGE TECHNOLOGIES INC.: REVENUE, 2013 - 2015 ($MILLION)
FIG. 82 SOLAREDGE TECHNOLOGIES INC.: REVENUE BY GEOGRAPHY, 2015(%)
FIG. 83 RENESOLA: REVENUE, 2013 - 2015 ($MILLION)
FIG. 84 RENESOLA: REVENUE BY GEOGRAPHY, 2015 (%)
FIG. 85 REVENUE OF SIEMENS AG 2013 - 2015, ($MILLION)
FIG. 86 REVENUE OF SIEMENS AG BY BUSINESS SEGMENT, 2015(%)
LIST OF TABLES
TABLE 1 WORLD MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 2 WORLD MICRO INVERTER MARKET REVENUE BY TYPE, 2014-2022 ($MILLION)
TABLE 3 WORLD SINGLE PHASE MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4 WORLD THREE PHASE MICRO INVERTER MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5 WORLD MICRO INVERTER MARKET REVENUE BY CONNECTION, 2014-2022 ($MILLION)
TABLE 6 WORLD STAND-ALONE MICROINVERTER MARKET, MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7 WORLD GRID-CONNECTED MICRO INVERTER MARKET, MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8 WORLD MICRO INVERTER MARKET REVENUE BY END-USER, 2014-2022 ($MILLION)
TABLE 9 WORLD RESIDENTIAL MICRO INVERTER END-USER MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10 WORLD COMMERCIAL MICRO INVERTER END-USER MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11 NORTH AMERICA MICRO INVERTER MARKET BY END-USER, 2014-2022 ($MILLION)
TABLE 12 NORTH AMERICA MICRO INVERTER MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 13 EUROPE MICRO INVERTER MARKET BY END-USER, 2014-2022 ($MILLION)
TABLE 14 EUROPE MICRO INVERTER MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 15 ASIA-PACIFIC MICRO INVERTER MARKET, BY END-USER, 2014-2022 ($MILLION)
TABLE 16 ASIA-PACIFIC MICRO INVERTER MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 17 LAMEA MICRO INVERTER MARKET REVENUE BY END-USER, 2014-2022 ($MILLION)
TABLE 18 LAMEA MICRO INVERTER MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 19 ENPHASE ENERGY, INC. - COMPANY SNAPSHOT
TABLE 20 ABB GROUP COMPANY SNAPSHOT
TABLE 21 ABB GROUP - OPERATING SEGMENTS
TABLE 22 SUNPOWER CORPORATION COMPANY SNAPSHOT
TABLE 23 SUNPOWER CORPORATION OPERATING SEGMENTS
TABLE 24 SMA SOLAR TECHNOLOGY AG COMPANY SNAPSHOT
TABLE 25 SMA SOLAR TECHNOLOGY AG OPERATING SEGMENTS
TABLE 26 DELTA ENERGY SYSTEMS GMBH COMPANY SNAPSHOT
TABLE 27 DELTA ENERGY SYSTEMS GMBH - OPERATING SEGMENTS
TABLE 28 SOLAREDGE TECHNOLOGIES INC. COMPANY SNAPSHOT
TABLE 29 RENESOLA COMPANY SNAPSHOT
TABLE 30 RENSOLA OPERATING SEGMENTS
TABLE 31 SIEMENS AG: COMPANY SNAPSHOT
TABLE 32 SIEMENS AG OPERATING SEGMENTS
TABLE 33 P&P ENERGY TECHNOLOGY CO., LTD. - COMPANY SNAPSHOT
TABLE 34 INVOLAR - COMPANY SNAPSHOT
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