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3. Micro-inverter Companies -Enphase Energy (US) and Altenergy Power Systems (US) are the Key Players

The global Micro-inverter Market will grow from USD 4.9 billion in 2024 to USD 14.5 billion in 2029 at a CAGR of 24.1% during the forecast period. Increasing emphasis on renewable energy across the globe, and rising rooftop solar panel installations are the major driving factors for the growth of the micro-inverter market.

Major Micro-inverter Companies Include:

• Enphase Energy (US),
• Altenergy Power Systems (US),
• Hoymiles (China),
• Ningbo Deye Inverter Technology Co Ltd (China),
• Chilicon Power LLC (US),
• AEconversion GmbH & CO. KG (Germany),
• Envertech (China),
• ZJBENY (China),
• Bluesun Solar Co., Ltd. (China),
• Solar Panels Plus (US),
• Northern Electric Power Technology Inc. (US),
• Sparq Systems Inc. (Canada),
• U R Energy (US),
• Leadsolar (US),
• Grace Renewable Energy (India),
• Zhejiang Sandi Electric Co., Ltd. (China),
• Sunrover Power Co Ltd. (China),
• Yotta Energy (US),
• Crystal Solar Energy (India),
• Huayu (Ningbo)
• New Energy Technologies Co., Ltd. (China),
• Chisageess (China),
• Tsuness Co Ltd. (China),
• Shenzhen WoCor Poweray Technology Co., Ltd. (China),
• Ningbo Austa Solar Tech Co., Ltd. (China),
• Sunsights Solar (India)..

To know about the assumptions considered for the study download the pdf brochure

Enphase Energy (US)

Enphase Energy specializes in developing and selling micro-inverter systems designed for residential and commercial users in both domestic and international markets. Their product range includes AC modules, micro-inverters, battery energy storage systems, accessories, and associated software applications. Enphase Energy also provides the IQ Envoy as a communication gateway. The company's portfolio includes the 1Q7 series and 1Q8 series of micro-inverter systems, which are semiconductor-based and essential for converting direct current (DC) to alternating current (AC) at the individual solar module level. It adopted inorganic strategies to increase its revenue.

Altenergy Power System Inc. (US)

APsystems, recognized as Altenergy Power System, is a global enterprise specializing in designing, producing, and promoting microinverters, energy storage solutions, and rapid shutdown devices. The micro-inverters make use of the company's exclusive solar technology. APsystems offers micro-inverters tailored for residential and commercial use, including models such as QT2, QT2D, DS3, and DS3D. These micro-inverters are complemented by an energy monitoring and analysis (EMA) web portal and mobile apps designed for the detailed supervision and control of solar system performance on a panel-by-panel basis. The company has been using strategies such as product launches to gain a competitive advantage in the micro-inverter market.

Hoymiles (China)

Hoymiles is a company that focuses on advancing and producing sophisticated microinverter solutions. It is well-known for its microinverters, specifically crafted to transform solar panels' direct current (DC) into alternating current (AC) suitable for residential, commercial, and industrial purposes. The introduction of its microinverters to the markets of the United States, Europe, and Australia in 2015. The company's range of products encompasses microinverters, DTU, Hybrid inverters, battery inverters, and accessories like HMS Cable Systems. The company adopted product launches, as key strategies to increase its share in the micro-inverter market.

Ningbo Deye Inverter Technology Co., Ltd (China)

Ningbo Deye Inverter Technology Co., Ltd., a subsidiary of Deye Group, stands out as a notable high-tech enterprise in China, boasting a registered capital of USD 41 million. Occupying a manufacturing facility that spans over 15,000 square meters and is outfitted with extensive production and testing resources, Deye has solidified its position as a prominent global participant in the solar inverter market. The company adopted organic and inorganic product strategies to increase its share in the micro-inverter market.

Related Reports:

Micro-inverter Market by Offering, Communication Technology (Wired, Wireless), Type (Single Phase, Three Phase), Power Rating (Below 250 W, Between 250 & 500 W, Above 500 W), Connection Type, Sales Channel, Application - Global Forecast to 2029

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