Which industry does micro inverter belong to

4 FAQs about Which industry does micro inverter belong to

Who are the leading companies in the micro inverter market?

Some key players operating in the market are Enphase, Darfon Electronics Corporation, Deye Inverter, Sparq Systems, Fimer Group, Solis Solar, Tata Power Solar, and others. The following are the leading companies in the micro inverter market. These companies collectively hold the largest market share and dictate industry trends.

Why is the micro inverter market growing?

The market is experiencing steady growth, driven by the rising adoption of rooftop solar systems and the increasing emphasis on maximizing energy efficiency. North America held the largest revenue share of 37.74% in the global micro inverter market. The micro inverter market in the U.S. is experiencing strong momentum.

What is the global micro inverter market size?

The global micro inverter market size was estimated at USD 4.67 billion in 2024 and is projected to reach USD 17.34 billion by 2030, at a CAGR of 24.58% from 2025 to 2030. The market is experiencing steady growth, driven by the rising adoption of rooftop solar systems and the increasing emphasis on maximizing energy efficiency.

Which country has the largest share in the micro inverter market?

North America had the largest share in 2024 of the micro inverter market. The need for micro inverters has increased due to the growing use of solar photovoltaic (PV) systems in utility-scale, commercial, and residential settings. The need for tiny inverters rises along with the solar industry.