According to a market report by Lucintel, the future of the global single-in microinverter market looks promising with opportunities in the residential, commercial, and PV power plant markets. The global single-in microinverter market is expected to reach an estimated $2.3 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are rising adoption of solar energy, increasing energy prices, and high demand of consumers for modularity, safety, and maximum energy harvest.

A more than 150 – page report is developed to understand trends, opportunity and forecast in single-in microinverter market to 2030 by type (single-port microinverter and dual-port microinverter), application (residential, commercial, PV power plant, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, single-port microinverters and dual-port microinverters are the major segments of single-in microinverter market by type. Lucintel forecasts that single-port is expected to witness highest growth over the forecast period because of its cost-effective option for a wide range of solar applications.

Within this market, residential will remain the largest segment over the forecast period due to increasing adoption of solar photovoltaics in the residential sector in countries.

APAC is expected to witness highest growth over the forecast period due to growth in residential rooftop solar PV installations in India and Japan.

Enphase Energy, Solaredge Technologies, SMA Solar Technology, SunPower Corporation, Tigo Energy, APsystems, Hoymiles Power Electronics, Chilicon Power, Growatt Energy Technology, and Huawei are the major suppliers in the single-in microinverter market.



This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]