Product Code: GVR-4-68040-382-8
Solar Microinverter Market Summary
The global solar microinverter market size was estimated at USD 3.01 billion in 2024 and is projected to reach USD 8.54 billion by 2030, growing at a CAGR of 18.8% from 2025 to 2030. This market's growth is driven by the increasing adoption of solar energy across residential, commercial, and industrial sectors.
The demand for efficient and reliable solar energy systems has surged as the world shifts towards renewable energy sources to combat climate change and reduce carbon footprints. Microinverters, which convert direct current (DC) generated by solar panels into alternating current (AC) for use in the electrical grid, offer significant advantages over traditional string inverters.
Microinverters improve the overall efficiency of solar energy systems by optimizing the power output of each solar panel. This particularly benefits installations where shading, orientation, or panel mismatches can impact performance. Additionally, microinverters enhance the monitoring capabilities of solar systems, allowing users to track the performance of each panel in real-time, which contributes to more efficient maintenance and troubleshooting.
Increasing investments and supportive policies from governments across the globe are the major factors driving the growth of the solar microinverter market. Many countries are implementing incentives such as tax credits, subsidies, and feed-in tariffs to promote the adoption of solar energy. According to the news published by Citizen Solar in February 2025, the Indian Ministry of New and Renewable Energy (MNRE) has introduced different financial assistance schemes for solar energy usage. In addition, the central government pays around 30% of the installation cost for PV systems as part of the subsidy program. Such policies make solar installations more financially attractive to consumers and businesses, boosting the demand for microinverters.
Advancements in microinverter technology have led to improved reliability, longer lifespans, and cost reductions, making them a more viable option for a wide range of applications. For instance, in May 2025, Enphase Energy, Inc. introduced the user-friendly, plug-and-play Enphase IQ Balcony Solar System in Germany. The innovative design of the inverter enables homeowners and apartment residents with limited roof space to produce clean energy using balconies, patios, and small outdoor areas. In addition, the rising awareness of the benefits of microinverters, such as increased energy yield, enhanced safety, and greater design flexibility, is also contributing to their growing popularity. As the global solar market continues to expand, driven by the need for sustainable energy solutions, the microinverter segment is poised for significant growth in the coming years.
Global Solar Microinverters Market Report Segmentation
This report forecasts revenue growth at global levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global solar microinverters market report based on type, application, power rating, distribution channel, and region.
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Single Phase
- Three Phase
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- Industrial / Utility
- Power Rating Outlook (Revenue, USD Million, 2018 - 2030)
- Below 250 W
- 250 W to 500 W
- Above 500 W
- Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Online
- Offline
- Direct Sales
- Indirect Sales
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- France
- UK
- Russia
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Solar Microinverters Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Solar Microinverters Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Solar Microinverters Market: Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. Single Phase
- 4.3.1. Single Phase Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Three Phase
- 4.4.1. Three Phase Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Solar Microinverters Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Solar Microinverters Market: Application Movement Analysis & Market Share, 2024 & 2030
- 5.3. Residential
- 5.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Commercial
- 5.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Industrial/Utility
- 5.5.1. Industrial/Utility Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Solar Microinverters Market: Power Rating Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Solar Microinverters Market: Power Rating Movement Analysis & Market Share, 2024 & 2030
- 6.3. Below 250 W
- 6.3.1. Below 250 W Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. 250 W to 500 W
- 6.4.1. 250 W to 500 W Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Above 500 W
- 6.5.1. Above 500 W Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Solar Microinverters Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Solar Microinverters Market: Distribution Channel Movement Analysis & Market Share, 2024 & 2030
- 7.3. Online
- 7.3.1. Online Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4. Offline
- 7.4.1. Offline Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.1.1. Solar microinverters market: Offline distribution channel movement analysis & market share, 2024 & 2030
- 7.4.1.1.1. Direct Sales
- 7.4.1.1.1.1. Direct Offline Sales Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.1.1.2. Indirect Sales
- 7.4.1.1.2.1. Indirect Offline Sales Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 8. Solar Microinverters Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 8.2. North America
- 8.2.1. North America Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. Key Country Dynamics
- 8.2.2.2. U.S. Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Key Country Dynamics
- 8.2.3.2. Canada Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Key Country Dynamics
- 8.2.4.2. Mexico Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.2.1. Key Country Dynamics
- 8.3.2.2. Germany Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.3.3. UK
- 8.3.3.1. Key Country Dynamics
- 8.3.3.2. UK Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. Key Country Dynamics
- 8.3.4.2. France Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.3.5. Russia
- 8.3.5.1. Key Country Dynamics
- 8.3.5.2. Russia Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.3.6. Italy
- 8.3.6.1. Key Country Dynamics
- 8.3.6.2. Italy Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.3.7. Spain
- 8.3.7.1. Key Country Dynamics
- 8.3.7.2. Spain Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. Key Country Dynamics
- 8.4.2.2. China Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Key Country Dynamics
- 8.4.3.2. Japan Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. Key Country Dynamics
- 8.4.4.2. India Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.4.5. Australia
- 8.4.5.1. Key Country Dynamics
- 8.4.5.2. Australia Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Key Country Dynamics
- 8.5.2.2. Brazil Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.5.3. Argentina
- 8.5.3.1. Key Country Dynamics
- 8.5.3.2. Argentina Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Middles East & Africa Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. Key Country Dynamics
- 8.6.2.2. South Africa Solar Microinverters Market Estimates & Forecast, 2018 c (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Key Country Dynamics
- 8.6.3.2. Saudi Arabia Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.6.4. UAE
- 8.6.4.1. Key Country Dynamics
- 8.6.4.2. UAE Solar Microinverters Market Estimates & Forecast, 2018 - 2030 (USD Million)
Chapter 9. Solar Microinverters Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map
- 9.4. Position Analysis, 2024
- 9.5. Strategy Mapping
- 9.5.1. Expansion
- 9.5.2. Mergers & Acquisition
- 9.5.3. Partnerships & Collaborations
- 9.5.4. New Product Launches
- 9.5.5. Research and Development
- 9.6. Company Profiles
- 9.6.1. SMA Solar Technology AG.
- 9.6.1.1. Participant's Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Product Benchmarking
- 9.6.1.4. Recent Developments
- 9.6.2. Canadian Solar
- 9.6.2.1. Participant's Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Product Benchmarking
- 9.6.2.4. Recent Developments
- 9.6.3. SolarEdge Technologies Inc.
- 9.6.3.1. Participant's Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Product Benchmarking
- 9.6.3.4. Recent Developments
- 9.6.4. Complete Solaria
- 9.6.4.1. Participant's Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Product Benchmarking
- 9.6.4.4. Recent Developments
- 9.6.5. Delta Electronics, Inc.
- 9.6.5.1. Participant's Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Product Benchmarking
- 9.6.5.4. Recent Developments
- 9.6.6. Yaskawa - Solectria Solar
- 9.6.6.1. Participant's Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Product Benchmarking
- 9.6.6.4. Recent Developments
- 9.6.7. Sineng Electric Co., Ltd.
- 9.6.7.1. Participant's Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Product Benchmarking
- 9.6.7.4. Recent Developments
- 9.6.8. Hitachi Hi-Rel Power Electronics Private Limited
- 9.6.8.1. Participant's Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Product Benchmarking
- 9.6.8.4. Recent Developments
- 9.6.9. Sungrow
- 9.6.9.1. Participant's Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Product Benchmarking
- 9.6.9.4. Recent Developments
- 9.6.10. Sensata Technologies, Inc.
- 9.6.10.1. Participant's Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Product Benchmarking
- 9.6.10.4. Recent Developments