Micro-inverter is an emerging solar inverter technology. The growing energy and power industry has led to an increasing need for efficient, inexpensive inverter systems over the years. Micro-inverters can efficiently meet this requirement and are currently tested and the most adopted types in the solar sector. The micro-inverter market is likely to witness significant growth in the coming future; a key driving factor is increasing number of residential solar rooftop installations. The global micro-inverter market size is projected to grow from USD 2.5 billion in 2020 to USD 6.5 billion by 2025 at CAGR of 20.8% during the forecast period.
Enphase Energy (US), Darfon Electronics (Taiwan), Chilicon Power (US), Altenergy Power System (US), ReneSola (China), and AEconversion (Germany) are some of the key players in micro-inverter market.
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Enphase Energy designs, develops, and sells micro-inverter systems for residential and commercial end users in the US and internationally. The company offers its products such as AC modules, micro-inverters, battery energy storage systems, accessories, and supportive software applications. It also provides IQ Envoy—a communication gateway. The portfolio of micro-inverter systems offered by the company consists of IQ 7 series, IQ 6 series, and M250-72.
Darfon Electronics offers micro-inverters through its US-based subsidiary, Darfon Solar. Its product portfolio consists of an extensive range of micro-inverters, storage solutions, and monitoring systems. Darfon Solar offers G640 micro-inverter series. These micro-inverters are well-suited for residential and commercial applications. The company also provides data loggers, Power-line communication (PLC) boxes, and ComBox.
Altenergy Power System
Altenergy Power System, also known as APsystems, is a global company that develops, manufactures, and markets micro-inverters. The micro-inverters offered by the company are based on its proprietary solar technology. APsystems offers advanced solar micro-inverters for use in residential and commercial applications. It offers QS1, YC600, and YC1000 micro-inverters, as well as an energy monitoring & analysis (EMA) web portal and mobile apps to monitor and control the panel-by-panel performance of solar systems.
Micro-inverter Market with COVID-19 Impact by Offering, Communication Technology, Type, Power Rating, Connection Type, Sales Channel, Application (Residential, Commercial, and PV Power Plant), and Geography - Global Forecast to 2025
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