Is the solar microinverter market poised for transformative growth?

Overall, the solar microinverter market is poised for transformative growth, driven by evolving energy consumption patterns, improved return on investment for solar customers, and the expanding role of distributed renewable energy in global energy systems.

How big is the solar microinverter market in 2025?

The solar microinverter market is valued at USD 5 billion in 2025 and is projected to reach USD 26.77 billion by 2035, expanding at a CAGR of 18.3%. The string inverter segment is anticipated to grow fastest among product types, with a CAGR of 5.7%.

Are solar microinverters the cornerstone of modern solar energy systems?

NEWARK, Del: , Jan. 28, 2025 (GLOBE NEWSWIRE) -- The global solar microinverter market is witnessing exponential growth as standalone solar microinverters emerge as the cornerstone of modern solar energy systems.

How big is the microinverter market?

The three phase segment is anticipated to cross USD 800 million by 2034. The microinverter market size crossed USD 2.9 billion in 2024 and is estimated to grow at a CAGR of 10.6% from 2025 to 2034, driven by rising demand for plug-and-play solar systems.

Is Germany a good market for solar microinverters?

Germany remains one of the leading markets for solar microinverters in Europe. Thanks to a robust renewable energy framework and solid governmental backing, the nation has steadily expanded its solar energy capabilities.

Where is the solar microinverter market growing?

The solar microinverter market is experiencing growth across all major regions. North America and Western Europe lead in adoption due to favorable policies and high awareness levels. Meanwhile, Asia-Pacific is emerging as a manufacturing hub and a key consumer market, thanks to its rapid urbanization and renewable energy initiatives.