The Asia Pacific Micro Inverter Market would witness market growth of 18.2% CAGR during the forecast period (2022-2028).
Micro inverters also allow for more design flexibility when there are shadows on the roof or when panels must be positioned at various tilts or directions due to site restrictions. Because every solar panel is operated individually, the effect of such factors on energy generation is limited to the impacted panel, as opposed to a design with string inverters, where total performance declines to the level of the weak point in the string.
With the Remote Monitoring Systems accessible with micro inverters, users can check the performance of single solar panels, making it easier to identify and troubleshoot issues. The system is modular and expandable, as the solar power system's capacity may be increased by connecting additional solar panels (of various wattage/brands) to individual micro-inverters. However, this is only beneficial when the solar energy electricity produced is utilized for captive reasons rather than exported, because when energy is exported under a gross metering/net metering agreement, it is frequently impossible to expand the solar capacity. If the user wants to gradually increase the capacity of a grid-connected solar power system, they should speak with the utility company to see if it's possible.
The Asia Pacific region is heavily dependent on micro electronic technologies because of involvement of micro inverters in security and defense domain and it is required for defense region to have a support of energy efficient technology. For instance, China has implemented a series of economic reforms aimed at enhancing its economic performance. A significant amount of essential electronic parts in Chinese defense and high-tech equipment are now created domestically, indicating the country's ability to be self-sufficient in advanced electronic components. Simultaneously, the proportion of locally produced essential electronic parts in defense and high-tech equipment increased from 30% to 85%. China is now completely capable of producing secure and dependable advanced electronic components. These sectors are important not only for large businesses like defense, the internet, and modern manufacturing, but it also have an impact on people’s daily lives through devices like computers and cellphones. Chinese computer chips and key electronic components went from being almost worthless ten years ago to being critical components of China's major defense and science endeavors, ranging from space programs to deep-sea submersibles.
The China market dominated the Asia Pacific Micro Inverter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $829 million by 2028. The Japan market is anticipated to grow at a CAGR of 17.5% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 19% during (2022 - 2028).
Based on Type, the market is segmented into Single phase and Three phase. Based on Connection, the market is segmented into Grid Connected and Stand Alone. Based on End User, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Micro Inverter Market is Projected to reach USD 7.4 Billion by 2028, at a CAGR of 17.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Delta Electronics, Inc., STMicroelectronics N.V., Texas Instruments, Inc., Sensata Technologies Holdings PLC, Darfon Electronics Corporation, Enphase Energy, Inc., Sparq Systems Inc., Fimer S.p.A., and SolarEdge Technologies, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Connection
- Grid Connected
- Stand Alone
By End User
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Delta Electronics, Inc.
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Sensata Technologies Holdings PLC
- Darfon Electronics Corporation
- Enphase Energy, Inc.
- Sparq Systems Inc.
- Fimer S.p.A.
- SolarEdge Technologies, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Micro Inverter Market, by Type
1.4.2 Asia Pacific Micro Inverter Market, by Connection
1.4.3 Asia Pacific Micro Inverter Market, by End User
1.4.4 Asia Pacific Micro Inverter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Product Launches and Product Expansions
3.2.2 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2021, Dec) Leading Players
Chapter 4. Asia Pacific Micro Inverter Market by Type
4.1 Asia Pacific Single phase Market by Country
4.2 Asia Pacific Three phase Market by Country
Chapter 5. Asia Pacific Micro Inverter Market by Connection
5.1 Asia Pacific Grid Connected Market by Country
5.2 Asia Pacific Stand Alone Market by Country
Chapter 6. Asia Pacific Micro Inverter Market by End User
6.1 Asia Pacific Residential Market by Country
6.2 Asia Pacific Commercial Market by Country
Chapter 7. Asia Pacific Micro Inverter Market by Country
7.1 China Micro Inverter Market
7.1.1 China Micro Inverter Market by Type
7.1.2 China Micro Inverter Market by Connection
7.1.3 China Micro Inverter Market by End User
7.2 Japan Micro Inverter Market
7.2.1 Japan Micro Inverter Market by Type
7.2.2 Japan Micro Inverter Market by Connection
7.2.3 Japan Micro Inverter Market by End User
7.3 India Micro Inverter Market
7.3.1 India Micro Inverter Market by Type
7.3.2 India Micro Inverter Market by Connection
7.3.3 India Micro Inverter Market by End User
7.4 South Korea Micro Inverter Market
7.4.1 South Korea Micro Inverter Market by Type
7.4.2 South Korea Micro Inverter Market by Connection
7.4.3 South Korea Micro Inverter Market by End User
7.5 Singapore Micro Inverter Market
7.5.1 Singapore Micro Inverter Market by Type
7.5.2 Singapore Micro Inverter Market by Connection
7.5.3 Singapore Micro Inverter Market by End User
7.6 Malaysia Micro Inverter Market
7.6.1 Malaysia Micro Inverter Market by Type
7.6.2 Malaysia Micro Inverter Market by Connection
7.6.3 Malaysia Micro Inverter Market by End User
7.7 Rest of Asia Pacific Micro Inverter Market
7.7.1 Rest of Asia Pacific Micro Inverter Market by Type
7.7.2 Rest of Asia Pacific Micro Inverter Market by Connection
7.7.3 Rest of Asia Pacific Micro Inverter Market by End User
Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.2 Delta Electronics, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.3 STMicroelectronics N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Texas Instruments, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Sensata Technologies Holdings PLC
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Darfon Electronics Corporation
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.7 Enphase Energy, Inc.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 Sparq Systems Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Fimer S.p.A.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.9.2.2 Acquisition and Mergers:
8.10. SolarEdge Technologies, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Micro Inverter Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Micro Inverter Market, 2022 - 2028, USD Million
TABLE 3 Product Launches And Product Expansions– Micro Inverter Market
TABLE 4 Acquisition and Mergers– Micro Inverter Market
TABLE 5 Asia Pacific Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Single phase Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Single phase Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Three phase Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Three phase Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Grid Connected Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Grid Connected Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Stand Alone Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Stand Alone Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Residential Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Residential Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Micro Inverter Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Micro Inverter Market by Country, 2022 - 2028, USD Million
TABLE 25 China Micro Inverter Market, 2018 - 2021, USD Million
TABLE 26 China Micro Inverter Market, 2022 - 2028, USD Million
TABLE 27 China Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 28 China Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 29 China Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 30 China Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 31 China Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 32 China Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 33 Japan Micro Inverter Market, 2018 - 2021, USD Million
TABLE 34 Japan Micro Inverter Market, 2022 - 2028, USD Million
TABLE 35 Japan Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 36 Japan Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 37 Japan Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 38 Japan Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 39 Japan Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 40 Japan Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 41 India Micro Inverter Market, 2018 - 2021, USD Million
TABLE 42 India Micro Inverter Market, 2022 - 2028, USD Million
TABLE 43 India Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 44 India Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 45 India Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 46 India Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 47 India Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 48 India Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 49 South Korea Micro Inverter Market, 2018 - 2021, USD Million
TABLE 50 South Korea Micro Inverter Market, 2022 - 2028, USD Million
TABLE 51 South Korea Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 52 South Korea Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 53 South Korea Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 54 South Korea Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 55 South Korea Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 56 South Korea Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 57 Singapore Micro Inverter Market, 2018 - 2021, USD Million
TABLE 58 Singapore Micro Inverter Market, 2022 - 2028, USD Million
TABLE 59 Singapore Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 60 Singapore Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 61 Singapore Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 62 Singapore Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 63 Singapore Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 64 Singapore Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 65 Malaysia Micro Inverter Market, 2018 - 2021, USD Million
TABLE 66 Malaysia Micro Inverter Market, 2022 - 2028, USD Million
TABLE 67 Malaysia Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 68 Malaysia Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 69 Malaysia Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 70 Malaysia Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 71 Malaysia Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 72 Malaysia Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 73 Rest of Asia Pacific Micro Inverter Market, 2018 - 2021, USD Million
TABLE 74 Rest of Asia Pacific Micro Inverter Market, 2022 - 2028, USD Million
TABLE 75 Rest of Asia Pacific Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 76 Rest of Asia Pacific Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 77 Rest of Asia Pacific Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 78 Rest of Asia Pacific Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 81 Key Information – Siemens AG
TABLE 82 Key Information – Delta Electronics, Inc.
TABLE 83 Key Information – STMicroelectronics N.V.
TABLE 84 Key Information – Texas Instruments, Inc.
TABLE 85 Key Information – Sensata Technologies Holdings PLC
TABLE 86 Key Information – Darfon Electronics Corporation
TABLE 87 Key information – Enphase Energy, Inc.
TABLE 88 Key Information – Sparq Systems Inc.
TABLE 89 key information – Fimer S.p.A.
TABLE 90 Key information – SolarEdge Technologies, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2021, dec) Leading Players
FIG 5 Swot analysis: stmicroelectronics n.v.
FIG 6 SWOT Analysis: Texas Instruments, Inc.
FIG 7 Recent strategies and developments: Fimer S.p.A.