Micro-inverter Market is expected to witness Incredible Growth during 2025

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A CAGR of 20.8% is expected to cause the Micro-Inverter Market Size, which was estimated at USD 2.5 billion in 2020, to increase to USD 6.5 billion by 2025.

An upcoming solar inverter technology is the micro-inverter. Over time, there has been a growing demand for effective, affordable inverter systems due to the expanding energy and power industries. Micro-inverters are currently the most widely used types in the solar industry and may effectively meet this criteria. The growing number of rooftop residential solar systems is a major driving force behind the anticipated large expansion of the micro-inverter market. The Micro-Inverter Market Size is anticipated to increase at a CAGR of 20.8% from USD 2.5 billion in 2020 to USD 6.5 billion by 2025.

Some of the major companies in the micro-inverter market include Enphase Energy (US), Darfon Electronics (Taiwan), Chilicon Power (US), Altenergy Power System (US), ReneSola (China), and AEconversion (Germany).

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Enphase Energy

Enphase Energy creates, produces, and markets micro-inverter systems for domestic and foreign end customers, including those in residential and commercial settings. The company sells battery energy storage systems, AC modules, micro-inverters, accessories, and supporting software programmes among other things. Additionally, it offers the communication gateway IQ Envoy. The company's range of micro-inverter systems consists of the M250-72, IQ 7 series, and IQ 6 series.

Darfon Electronics

Micro-inverters are available from Darfon Electronics through its US-based subsidiary, Darfon Solar. A wide variety of micro-inverters, storage options, and monitoring systems are included in its product line. Darfon Solar provides the G640 line of micro-inverters. These micro-inverters work well in both domestic and industrial settings. The business also sells ComBox, Power-line communication (PLC) boxes, and data loggers.

Altenergy Power System

Global corporation Altenergy Power System, often known as APsystems, creates, produces, and sells micro-inverters. The company's micro-inverters are built using its unique solar technology. Modern solar micro-inverters are available from APsystems for usage in both home and commercial settings. To track and manage the panel-by-panel performance of solar systems, it provides QS1, YC600, and YC1000 micro-inverters, as well as an energy monitoring analysis (EMA) web portal and mobile apps.

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