Semiconductor and Electronic Survey

The   Micro Inverter Market   Size was estimated at USD 2.5 billion in 2020 and is anticipated to increase at a CAGR of 20.8% from 2020 to 2025, reaching USD 6.5 billion. The main drivers of this market's expansion are the rising demand for micro-inverter solutions in residential applications, increased awareness of their inherent advantages, such as remote monitoring capabilities, rise in renewable energy investment, and government programmes that promote the use of renewable energy. The Micro-Inverter Market in 2020 was dominated by single-phase micro-inverters. Compact and ideal for both home and commercial uses are single-phase micro-inverters. The residential market uses single-phase systems for power transmission. The US, Australia, and Europe all use single-phase micro-inverters for residential purposes. Additionally, the majority of micro-inverter producers worldwide offer single-phase micro-inverters. Due to all of these characteristics, single-phase micro-inverters c...

The Global   Micro-Inverter Market   Size was valued at USD 2.5 billion in 2020 and is projected to reach USD 6.5 billion by 2025; it is expected to grow at a CAGR of 20.8% from 2020 to 2025. The key factors fueling the growth of this market include increasing demand for micro-inverter solutions in residential applications, growing visibility regarding the inherent benefits offered by them, such as remote monitoring capabilities, upsurge in renewable energy investment, and government initiatives encouraging the adoption of renewable energy. Single-phase micro-inverters accounted for larger size of the Micro-Inverter Market in 2020. Single-phase micro-inverters are compact and suitable for residential and commercial applications. The residential segment operates on single-phase systems for the transmissions of electricity. European countries, along with the US and Australia, adopt single-phase micro-inverters for residential applications. Also, most of the micro-inverter manufa...