Solar Microinverter Market by End-user and Geography - Forecast and Analysis 2020-2024
| Published: Jul 2020 | Pages: 120 | SKU: IRTNTR44452 |
The solar microinverter market size has the potential to grow by $ 618.54 mn during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (Residential and Non-residential) and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including ABB Ltd., Autarco Group BV, Chilicon Power LLC, Enphase Energy Inc., LeadSolar Energy Co. Ltd., ReneSola Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, and SolarEdge Technologies Inc.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Solar Microinverter Market
Market Competitive Analysis
The market is fragmented. ABB Ltd., Autarco Group BV, Chilicon Power LLC, Enphase Energy Inc., LeadSolar Energy Co. Ltd., ReneSola Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, and SolarEdge Technologies Inc. are some of the major market participants. Factors such as the increasing solar energy installation will offer immense growth opportunities. However, rise in wind energy consumption may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this solar microinverter market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this solar microinverter market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- ABB Ltd.
- Autarco Group BV
- Chilicon Power LLC
- Enphase Energy Inc.
- LeadSolar Energy Co. Ltd.
- ReneSola Ltd.
- Schneider Electric SE
- Siemens AG
- SMA Solar Technology AG
- SolarEdge Technologies Inc.
Solar Microinverter Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The increasing deployment of microgrids will significantly influence solar microinverter market's growth in this region.
69% of the market's growth will originate from North America during the forecast period. The US is the key markets for solar microinverter market in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the solar microinverter market size.
Solar Microinverter Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will solar microinverter market growth during the next five years
- Precise estimation of the solar microinverter market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the solar microinverter industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of solar microinverter market vendors
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Solar Microinverter Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12% |
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Market growth 2020-2024 |
$ 618.54 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.29 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 69% |
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Key consumer countries |
US, Germany, China, UK, and Italy |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ABB Ltd., Autarco Group BV, Chilicon Power LLC, Enphase Energy Inc., LeadSolar Energy Co. Ltd., ReneSola Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, and SolarEdge Technologies Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Residential - Market size and forecast 2019-2024
- Non-residential - Market size and forecast 2019-2024
- Market opportunity by End user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Autarco Group BV
- Chilicon Power LLC
- Enphase Energy Inc.
- LeadSolar Energy Co. Ltd.
- ReneSola Ltd.
- Schneider Electric SE
- Siemens AG
- SMA Solar Technology AG
- SolarEdge Technologies Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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solar microinverter market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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