PV Micro Inverters Market Outlook for 2023 to 2033

The global PV micro inverters market size was valued at US$ 967.2 million in 2022 and is estimated to reach US$ 1132.6 million by 2033. Over the forecast period, global PV micro inverter sales are predicted to soar at 15.1% CAGR, taking the overall market valuation to US$ 4630.0 million by 2033.

Demand for PV micro inverters is expected to remain high in the residential sector. This is due to increasing adoption of solutions such as rooftop solar PVs across residential buildings. The target segment is set to exhibit a CAGR of 14.6% through 2033.

PV micro inverters, also called microinverter systems, are DC-to-AC power conversion devices used in photovoltaic energy systems. These plug-and-play devices convert DC electricity generated by solar panels into AC electricity used in homes or fed back into electrical grids.

Photovoltaic (PV) micro inverters are becoming ideal alternatives to string inverters to perform the DC to AC power conversions at the solar panel level in photovoltaic systems. This is due to several advantages of these microinverters.

PV microinverters are easy to install and provide benefits such as enhanced energy harvesting, improved efficiency, optimization, higher safety, and panel-level monitoring. They are embedded with maximum power point tracking (MPPT) technology to enhance the efficiency of photovoltaic generation systems.

Increasing awareness about the benefits of PV micro inverters is expected to play a key role in fueling their demand through 2033. New projections indicate PV micro inverters to remain the most sought-after type globally through 2033.

PV micro inverters take full advantage of each panel’s production and convert the power generated per panel to the grid’s voltage. They also allow end users to track the performance of individual panels in real time, thereby helping to identify panel-level failures.

Growing adoption of solar photovoltaic systems across residential, commercial, and utility sectors is expected to boost the global PV micro inverters through 2033. Subsequently, increasing investments in renewable power generation technologies are set to uplift global demand.

Rising concerns about depleting fossil fuels and elevating energy costs motivate people to use alternative energy technologies such as solar panels. As PV micro inverters form an integral part of solar energy systems, a rise in solar panel installations will eventually boost PV micro inverter sales.

The United States is expected to remain at the epicenter of the global PV micro inverters industry during the assessment period. This is attributable to rising government investments in expanding solar infrastructure, the availability of advanced micro inverter products, and the strong presence of leading market players like Enphase Energy.

Top United States-based PV micro inverter manufacturers and suppliers, such as Enphase Energy, are concentrating on introducing novel solutions with improved features. For instance, Enphase Energy, Inc. introduced the new Enphase Energy System with IQ8 solar microinverters in October 2021.

Enphase’s micro inverters, such as Enphase IQ7 and Enphase IQ8, are becoming quite popular across North America and other regions. This is because they are more reliable and comply with government standards. Growing popularity of these products is improving the market share of Enphase and other leading companies.

Developing new advanced micro inverters that offer enhanced energy harvesting and improved efficiency is expected to influence PV micro inverters market projections.

Attributes Key Insights
Global PV Micro Inverters Market Size in 2022 US$ 967.2 million
Estimated PV Micro Inverters Market Value (2023) US$ 1132.6 million
Projected Market Size (2033) US$ 4630.0 million
Predicted PV Micro Inverters Market CAGR (2023 to 2033) 15.1%

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Historical Performance Vs PV Micro Inverters Market Forecast

The global market for PV micro inverters exhibited a CAGR of 17.6% during the historical period. However, as per the latest analysis, it is predicted that there might be a slight decrease in the CAGR of the target market during the forecast period. This reduction, however, does not necessarily indicate a decrease in the popularity of microinverters.

Historical CAGR (2018 to 2022) 17.6%
Forecast CAGR (2023 to 2033) 15.1%

Short-term Analysis of PV Micro Inverters Market from 2018 to 2022

Worldwide sales of PV micro inverters increased rapidly between 2018 and 2022. This was primarily due to high electricity demand and increased solar panel installation.

During 2018 and 2022, there was a sharp rise in the number of solar panel installations globally. For instance, it was estimated that the world will add about 70,000 solar panels every hour between 2018 and 2023, as per the World Economic Forum. This increased sales of micro inverters, often used in solar panels.

High awareness about the benefits of PV micro inverters also played a key role in fueling their demand during this period. As a result, the worldwide PV micro inverters market revenue totaled US$ 967.2 million in 2022.

Mid-term Analysis of PV Micro Inverters Market from 2023 to 2028

Amid towering energy costs and the depletion of fossil fuels, governments worldwide are introducing new subsidies, incentives, and favorable policies to encourage the adoption of solar power systems. This, in turn, is expected to create high demand for PV micro inverters.

People are expected to increasingly install more rooftop solar power systems to benefit from government policies and reduce electricity bills. This is likely to create growth prospects for PV micro inverter manufacturers during the assessment period.

The PV micro inverters industry outlook looks positive amid rising government investments in renewable energy infrastructure. As per the global industry projection of PV micro inverters, overall demand is expected to grow at an impressive pace throughout the forecast period.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Long-term Analysis of PV Micro Inverters Market from 2028 to 2033

In the long run, a favorable regulatory environment and technological advancements in PV technologies are expected to create growth prospects for the market. Subsequently, the declining cost of both PV solar panels and micro inverters is likely to fuel demand in the market.

Governments worldwide are introducing supportive policies, regulations, and incentives to promote solar power. Steps such as feed-in tariffs and renewable energy targets are expected to encourage the adoption of solar PV panels. This, in turn, is set to elevate PV micro inverter demand.

Leading companies are expected to invest in advanced manufacturing technologies to reduce the cost of solar cells and microinverters. This cost reduction is expected to make solar energy more affordable and increase acceptance of products such as solar cells and panels.

With solar energy becoming more cost-effective, there is expected to be an uptick in PV installations, especially across countries such as Japan, India, and China. This, in turn, is set to fuel global sales of PV micro inverters.

Top players are also developing technologically advanced and reliable PV micro inverters to disseminate high power output and perform multiple applications. This will help them to boost their revenues.

The target market is expected to witness an increase in the development of novel solutions such as multi-input micro inverters and hybrid inverters. The latest PV micro inverters market analysis estimates total revenues, with these dynamics, to reach US$ 4630.0 million by 2033.

Semi Annual Market Update

Particular Value CAGR
H1 14.70% (2022 to 2032)
H2 14.90% (2022 to 2032)
H1 15.40% (2023 to 2033)
H2 14.80% (2023 to 2033)

Key Factors and Trends Driving the Global PV Micro Inverters Market

  • Increasing investments in renewable energy sources such as solar energy are expected to boost the global PV micro inverters market.
  • Rising adoption of solar PV panels across the world to uplift PV micro inverter demand
  • Reduction in solar cell & module costs is expected to impact global sales of PV micro inverters positively
  • Increasing government policies, incentives, and subsidies for the installation of PV systems is likely to create ample growth prospects for PV micro inverter companies
  • Growing number of solar projects to counter the energy crisis is expected to power up global PV micro inverter sales through 2033
  • Rising popularity of rooftop solar power systems or rooftop solar panels is likely to create new PV micro inverters market opportunities
  • Technological advancements in PV technologies are predicted to elevate PV micro inverters market demand
  • Smart grid integration and the rising need for more efficient & reliable solar energy solutions are key PV micro inverters market trends

Factors Limiting Market Growth

  • High cost of PV micro inverters as compared to string inverters is restraining growth in the global market
  • Usage of conventional inverters and uncertainty surrounding government policies and incentives are also limiting market expansion to a certain extent

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Country-wise Insights

The table below provides holistic research about PV micro inverters market revenue across top countries. The United States, China, and Japan are the top three dominant markets for PV micro inverters, with estimated valuations of US$ 844.6 million, US$ 747.3 million, and US$ 502.2 million in 2033, respectively.

Countries such as South Korea and the United Kingdom are also expected to present lucrative opportunities for solar micro inverter manufacturers. This is due to rising adoption of solar PVs.

Countries Market Value (2033)
United States US$ 844.6 million
United Kingdom US$ 177.8 million
China US$ 747.3 million
Japan US$ 502.2 million
South Korea US$ 307.6 million

The below table highlights the anticipated PV micro inverters market growth rates of top countries. South Korea, China, and Japan are expected to witness dominant CAGRs of 17.1%, 16.0%, and 15.6% respectively through 2033.

Countries Projected PV Micro Inverters Market CAGR (2023 to 2033)
United States 15.3%
United Kingdom 15.4%
China 16.0%
Japan 15.6%
South Korea 17.1%

The below table shows the historical PV micro inverters market growth rates of the top 5 countries. With CAGRs of 21.2%, 20.1%, and 19.9%, respectively, South Korea, Japan, and the United Kingdom were the key markets for PV micro inverter manufacturers during the historical period.

Countries Historical PV Micro Inverters Market CAGR (2018 to 2022)
United States 18.2%
United Kingdom 19.9%
China 18.7%
Japan 20.1%
South Korea 21.1%

Rising Investments in Renewable Energy Fueling Demand in the United States

The United States PV micro inverters market value is estimated to reach US$ 844.6 million by 2033. Over the forecast period, PV micro inverter demand in the country is predicted to rise at 15.3% CAGR.

Several factors are expected to spur growth in the United States market. Among these, increasing investments in renewable energy infrastructure, growing popularity of smart grid technologies, and booming solar PV industry are key PV micro inverters market drivers in the country.

The United States government is investing heavily to improve its utility-scale solar capacity to meet energy demand. According to the Solar Energy Industries Association, the United States solar industry installed a total capacity of about 6.1 gigawatts-direct current in the first quarter of 2023.

Further, the solar industry size is expected to triple over the next five years, taking the total installed solar capacity to 378 GW by 2028. This, in turn, elevates demand for PV micro inverters as they are essential components of solar PV systems.

The United States also leads from the forefront when it comes to the deployment of smart grid infrastructure. Rising deployment of smart grids is expected to power up sales of PV micro inverters as they are often integrated into these grids. This will boost the PV micro inverters industry in America.

Increasing PV Installations to Bolster Sales in China

The PV micro inverters market revenue in China is forecast to experience a growth rate of 16.0% CAGR through 2033 compared to 18.7% CAGR registered between 2018 and 2022. By 2033, total PV micro inverter sales revenue in China is projected to reach US$ 747.3 million.

During the forecast period, China is anticipated to dominate the East Asia PV micro inverters market. This is due to rising PV installations, favorable government support, and the strong presence of leading PV micro inverter manufacturing companies.

Growing environmental concerns and rising incidence of power outages are prompting people and the government across China to invest in greener technologies such as solar cells. This, in turn, is expected to fuel sales of PV micro inverters.

PV micro inverters can enhance the efficiency and performance of solar PV systems. Hence, they are gaining wider popularity in emerging nations such as China.

Advancements in PV technologies and increasing government incentives & subsidies are anticipated to boost the China market further. Thanks to these factors, China PV micro inverters market share is expected to increase significantly through 2033.

Increasing Government Initiatives to Boost the United Kingdom Market

The United Kingdom PV micro inverters market size expanded at a CAGR of 19.9% from 2018 to 2022. In the forecast period, sales of V micro inverters in the country are forecast to soar at 15.4% CAGR, taking the market valuation to US$ 177.8 million by 2033.

Within Europe, the United Kingdom is expected to remain one of the key markets for PV micro inverters. This is due to increasing installation of solar panels, escalating energy crisis, and rising government initiatives & incentives.

The United Kingdom is implementing supportive policies and regulations to promote renewable energy, including solar power. Measures such as renewable energy targets and feed-in tariffs have incentivized the adoption of PV systems. They are creating a favorable environment for expanding the PV micro inverters industry.

High Adoption of Solar PVs in Residential Sector Spurring Growth in Japan

Japan PV micro inverters market is expected to reach a valuation of US$ 502.2 million by 2033. Overall demand in Japan for PV micro inverters will likely increase at 15.6% CAGR through 2033.

Japan is set to witness robust growth during the projection period. This is due to booming solar energy sector and increasing adoption of solar PVs in the residential sector.

People across Japan are increasingly installing solar PVs in their houses and commercial buildings as a source of electricity. This is because they seek to generate electricity and benefit from government incentives.

Increasing adoption of solutions such as rooftop PV systems or rooftop solar power systems, in turn, is expected to boost Japan PV micro inverters market. Subsequently, increasing government efforts towards expanding the country’s solar infrastructure are set to uplift PV micro inverter demand through 2033.

Growing Awareness about Benefits of PV Micro Inverters to Fuel Sales in Korea

The PV micro inverters market in South Korea is set to thrive at 17.1% CAGR during the forecast period. It is projected to attain a valuation of US$ 307.6 million by 2033.

PV micro inverter sales in South Korea are predicted to rise at an impressive pace through 2033. This is attributable to the robust expansion of the renewable energy sector and increasing awareness about the benefits of PV micro inverters.

People across Korea are becoming aware of the benefits of micro inverters over traditional string inverters. As a result, they are showing a keen inclination towards using these items.

Category-wise Insights

The below section predicts standalone systems to remain high in demand throughout the forecast period. The target segment will likely exhibit a 14.8% CAGR through 2033.

Based on end use, the residential segment is set to hold a dominant market share through 2033. It is forecast to thrive at a CAGR of 14.6% during the assessment period.

Demand to Remain High for Standalone PV Micro Inverter Systems Through 2033

Top Segment (System) Standalone Systems
Projected CAGR (2023 to 2033) 14.8%

The PV micro inverters market by system is segmented into standalone and integrated systems. Among these, standalone PV micro-inverter systems are expected to witness a higher demand during the projection period.

From 2018 to 2022, the standalone systems segment exhibited a CAGR of 17.5%. Over the assessment period, it is expected to progress at 14.8% CAGR. This is attributable to growing end-user preference for standalone systems because of their multiple benefits.

Standalone PV micro-inverters are used separately on each solar panel to convert DC power to AC. This allows for maximum energy harvesting, as shading or soling on one panel does not affect the performance of the entire array. They provide module-level monitoring capabilities.

Standalone systems do not depend on other electrical systems, such as batteries or grids. They are easy to install, cost-effective, and offer greater design flexibility. These features are expected to encourage their adoption throughout the forecast period.

Adoption of PV Micro Inverters to Remain High in Residential Sector

Top Segment (End Use) Residential
Projected CAGR (2023 to 2033) 14.6%

The PV micro inverters market by end-use is segmented into residential, commercial, and utility. Among these, most sales are expected to remain concentrated in the residential sector during the assessment period.

The residential segment is estimated to thrive at 14.6% CAGR during the assessment period compared to 17.3% CAGR recorded from 2018 to 2022. This is due to rising adoption of solar panels in residential houses to meet energy demand.

Amid elevating energy costs and supportive government policies, the adoption rate of PV installations, especially in residential houses, is expected to rise dramatically during the next few years. This, in turn, is predicted to uplift global demand for PV micro inverters.

Photovoltaic micro inverters are suitable for homeowners looking to harness solar energy efficiently. They have become a valuable component of modern residential solar energy systems, offering improved energy production, design flexibility, and better safety & monitoring.

Increasing adoption of rooftop solar photovoltaics in the residential sector is expected to bolster global PV micro inverters sales through 2033. Subsequently, a reduction in solar PV costs is expected to bode well for the target segment and the overall market performance.

Competitive Landscape

Top players of the PV micro inverters industry profiled in the report include ABB Ltd, Darfon Electronics Corporation, Enphase Energy, Inc., Shenzhen KSTAR Science and Technology Co., Ltd, and Sungrow Power Supply Co., Ltd.

The market competition for PV micro inverters is getting fiercer due to presence of several local and regional manufacturers and PV micro inverter suppliers. Key PV micro inverter companies primarily focus on developing new solar micro-inverters with enhanced features. They also leverage strategies such as partnerships, contracts, distribution agreements, collaborations, mergers, and acquisitions to gain a competitive edge in the market.

Recent PV Micro Inverters Market developments:

  • In March 2023, Sungrow introduced its new-generation commercial & industrial PV inverter solution called SG125CX-P2 for the South African market. The new solution is designed for commercial & industrial rooftop applications.
  • In August 2023, Enphase Energy, Inc., a prominent energy technology business and supplier of micro inverter-based solar and battery systems, introduced a new solution consisting of Enphase Energy SystemTM powered by IQ8TM microinverters and IQTM batteries and an energy management system.
  • In June 2023, Sofar introduced SOFAR PowerNano, a groundbreaking microinverter system to meet home energy demand. The new PowerNano microinverter system series is designed to cater to digital home energy needs.
  • In August 2023, to supply inverter solutions for a 2.2 GWac PV plant, Sungrow signed a contract with Larsen & Toubro.

Scope of the PV Micro Inverters Market Report

Attribute Details
Estimated Market Value (2023) USD 1132.6 million
Projected Market Value (2033) USD 4630.0 million
Anticipated Growth Rate (2023 to 2033) 15.1% CAGR
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in USD Million/Billion, Volume (Units), and CAGR from 2023 to 2033
Segments Covered System, End Use, and Region
Regions Covered North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia, and the Middle East & Africa
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Companies Profiled ABB Ltd; Darfon Electronics Corporation; Enphase Energy, Inc; Shenzhen KSTAR Science and Technology Co., Ltd; Sungrow Power Supply Co., Ltd.; Others

Global PV Micro Inverters Market Overview

By System:

  • Standalone Systems
  • Integrated Systems

By End Use:

  • Residential
  • Commercial
  • Utility

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa

Frequently Asked Questions

What was the global market valuation of PV micro inverters in 2022?

The global market was valued at US$ 967.2 million in 2022.

How big is the PV micro inverters market in 2023?

The global market value is estimated to reach US$ 1132.6 million in 2023.

What is the global PV micro inverters market size in 2033?

The global market size is projected to reach US$ 4630.0 million by 2033.

What value CAGR did the global industry exhibit from 2018 to 2022?

The global industry exhibited a CAGR of 17.6% from 2018 to 2022.

At what rate will global demand for PV micro inverters rise?

Global demand is expected to rise at 15.1% CAGR through 2033.

Which is the most popular system in the market?

Thriving at 14.8% CAGR, demand is expected to remain high for standalone systems.

How big is the market for PV micro inverters in the United States?

The United States market is set to reach a valuation of US$ 844.6 million by 2033.

What is the market trend for micro inverters?

Integration of micro inverters in smart grids is a key market trend.

Who are the key players in the PV micro inverters market?

ABB Ltd and Darfon Electronics Corporation are a few of the leading companies.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyer’s
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By System
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By System, 2018 to 2022
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By System, 2023 to 2033
        5.3.1. Standalone Systems
        5.3.2. Integrated Systems
    5.4. Y-o-Y Growth Trend Analysis By System, 2018 to 2022
    5.5. Absolute $ Opportunity Analysis By System, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033
        6.3.1. Residential
        6.3.2. Commercial
        6.3.3. Utility
    6.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
    6.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    7.1. Introduction
    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
    7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
        7.3.1. North America
        7.3.2. Latin America
        7.3.3. Western Europe
        7.3.4. Eastern Europe
        7.3.5. South Asia and Pacific
        7.3.6. East Asia
        7.3.7. Middle East and Africa
    7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        8.2.1. By Country
            8.2.1.1. United States
            8.2.1.2. Canada
        8.2.2. By System
        8.2.3. By End Use
    8.3. Market Attractiveness Analysis
        8.3.1. By Country
        8.3.2. By System
        8.3.3. By End Use
    8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        9.2.1. By Country
            9.2.1.1. Brazil
            9.2.1.2. Mexico
            9.2.1.3. Rest of Latin America
        9.2.2. By System
        9.2.3. By End Use
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By System
        9.3.3. By End Use
    9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. Germany
            10.2.1.2. United Kingdom
            10.2.1.3. France
            10.2.1.4. Spain
            10.2.1.5. Italy
            10.2.1.6. Rest of Western Europe
        10.2.2. By System
        10.2.3. By End Use
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By System
        10.3.3. By End Use
    10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Poland
            11.2.1.2. Russia
            11.2.1.3. Czech Republic
            11.2.1.4. Romania
            11.2.1.5. Rest of Eastern Europe
        11.2.2. By System
        11.2.3. By End Use
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By System
        11.3.3. By End Use
    11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. India
            12.2.1.2. Bangladesh
            12.2.1.3. Australia
            12.2.1.4. New Zealand
            12.2.1.5. Rest of South Asia and Pacific
        12.2.2. By System
        12.2.3. By End Use
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By System
        12.3.3. By End Use
    12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. China
            13.2.1.2. Japan
            13.2.1.3. South Korea
        13.2.2. By System
        13.2.3. By End Use
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By System
        13.3.3. By End Use
    13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. GCC Countries
            14.2.1.2. South Africa
            14.2.1.3. Israel
            14.2.1.4. Rest of Middle East & Africa
        14.2.2. By System
        14.2.3. By End Use
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By System
        14.3.3. By End Use
    14.4. Key Takeaways
15. Key Countries Market Analysis
    15.1. United States
        15.1.1. Pricing Analysis
        15.1.2. Market Share Analysis, 2023
            15.1.2.1. By System
            15.1.2.2. By End Use
    15.2. Canada
        15.2.1. Pricing Analysis
        15.2.2. Market Share Analysis, 2023
            15.2.2.1. By System
            15.2.2.2. By End Use
    15.3. Brazil
        15.3.1. Pricing Analysis
        15.3.2. Market Share Analysis, 2023
            15.3.2.1. By System
            15.3.2.2. By End Use
    15.4. Mexico
        15.4.1. Pricing Analysis
        15.4.2. Market Share Analysis, 2023
            15.4.2.1. By System
            15.4.2.2. By End Use
    15.5. Germany
        15.5.1. Pricing Analysis
        15.5.2. Market Share Analysis, 2023
            15.5.2.1. By System
            15.5.2.2. By End Use
    15.6. United Kingdom
        15.6.1. Pricing Analysis
        15.6.2. Market Share Analysis, 2023
            15.6.2.1. By System
            15.6.2.2. By End Use
    15.7. France
        15.7.1. Pricing Analysis
        15.7.2. Market Share Analysis, 2023
            15.7.2.1. By System
            15.7.2.2. By End Use
    15.8. Spain
        15.8.1. Pricing Analysis
        15.8.2. Market Share Analysis, 2023
            15.8.2.1. By System
            15.8.2.2. By End Use
    15.9. Italy
        15.9.1. Pricing Analysis
        15.9.2. Market Share Analysis, 2023
            15.9.2.1. By System
            15.9.2.2. By End Use
    15.10. Poland
        15.10.1. Pricing Analysis
        15.10.2. Market Share Analysis, 2023
            15.10.2.1. By System
            15.10.2.2. By End Use
    15.11. Russia
        15.11.1. Pricing Analysis
        15.11.2. Market Share Analysis, 2023
            15.11.2.1. By System
            15.11.2.2. By End Use
    15.12. Czech Republic
        15.12.1. Pricing Analysis
        15.12.2. Market Share Analysis, 2023
            15.12.2.1. By System
            15.12.2.2. By End Use
    15.13. Romania
        15.13.1. Pricing Analysis
        15.13.2. Market Share Analysis, 2023
            15.13.2.1. By System
            15.13.2.2. By End Use
    15.14. India
        15.14.1. Pricing Analysis
        15.14.2. Market Share Analysis, 2023
            15.14.2.1. By System
            15.14.2.2. By End Use
    15.15. Bangladesh
        15.15.1. Pricing Analysis
        15.15.2. Market Share Analysis, 2023
            15.15.2.1. By System
            15.15.2.2. By End Use
    15.16. Australia
        15.16.1. Pricing Analysis
        15.16.2. Market Share Analysis, 2022
            15.16.2.1. By System
            15.16.2.2. By End Use
    15.17. New Zealand
        15.17.1. Pricing Analysis
        15.17.2. Market Share Analysis, 2023
            15.17.2.1. By System
            15.17.2.2. By End Use
    15.18. China
        15.18.1. Pricing Analysis
        15.18.2. Market Share Analysis, 2023
            15.18.2.1. By System
            15.18.2.2. By End Use
    15.19. Japan
        15.19.1. Pricing Analysis
        15.19.2. Market Share Analysis, 2023
            15.19.2.1. By System
            15.19.2.2. By End Use
    15.20. South Korea
        15.20.1. Pricing Analysis
        15.20.2. Market Share Analysis, 2023
            15.20.2.1. By System
            15.20.2.2. By End Use
    15.21. GCC Countries
        15.21.1. Pricing Analysis
        15.21.2. Market Share Analysis, 2023
            15.21.2.1. By System
            15.21.2.2. By End Use
    15.22. South Africa
        15.22.1. Pricing Analysis
        15.22.2. Market Share Analysis, 2023
            15.22.2.1. By System
            15.22.2.2. By End Use
    15.23. Israel
        15.23.1. Pricing Analysis
        15.23.2. Market Share Analysis, 2023
            15.23.2.1. By System
            15.23.2.2. By End Use
16. Market Structure Analysis
    16.1. Competition Dashboard
    16.2. Competition Benchmarking
    16.3. Market Share Analysis of Top Players
        16.3.1. By Regional
        16.3.2. By System
        16.3.3. By End Use
17. Competition Analysis
    17.1. Competition Deep Dive
        17.1.1. ABB Ltd.
            17.1.1.1. Overview
            17.1.1.2. Product Portfolio
            17.1.1.3. Profitability by Market Segments
            17.1.1.4. Sales Footprint
            17.1.1.5. Strategy Overview
                17.1.1.5.1. Marketing Strategy
                17.1.1.5.2. Product Strategy
                17.1.1.5.3. Channel Strategy
        17.1.2. Darfon Electronics Corporation
            17.1.2.1. Overview
            17.1.2.2. Product Portfolio
            17.1.2.3. Profitability by Market Segments
            17.1.2.4. Sales Footprint
            17.1.2.5. Strategy Overview
                17.1.2.5.1. Marketing Strategy
                17.1.2.5.2. Product Strategy
                17.1.2.5.3. Channel Strategy
        17.1.3. Enphase Energy Inc
            17.1.3.1. Overview
            17.1.3.2. Product Portfolio
            17.1.3.3. Profitability by Market Segments
            17.1.3.4. Sales Footprint
            17.1.3.5. Strategy Overview
                17.1.3.5.1. Marketing Strategy
                17.1.3.5.2. Product Strategy
                17.1.3.5.3. Channel Strategy
        17.1.4. Shenzhen KSTAR Science and Technology Co. Ltd
            17.1.4.1. Overview
            17.1.4.2. Product Portfolio
            17.1.4.3. Profitability by Market Segments
            17.1.4.4. Sales Footprint
            17.1.4.5. Strategy Overview
                17.1.4.5.1. Marketing Strategy
                17.1.4.5.2. Product Strategy
                17.1.4.5.3. Channel Strategy
        17.1.5. Sungrow Power Supply Co. Ltd
            17.1.5.1. Overview
            17.1.5.2. Product Portfolio
            17.1.5.3. Profitability by Market Segments
            17.1.5.4. Sales Footprint
            17.1.5.5. Strategy Overview
                17.1.5.5.1. Marketing Strategy
                17.1.5.5.2. Product Strategy
                17.1.5.5.3. Channel Strategy
        17.1.6. SunPower Corporation
            17.1.6.1. Overview
            17.1.6.2. Product Portfolio
            17.1.6.3. Profitability by Market Segments
            17.1.6.4. Sales Footprint
            17.1.6.5. Strategy Overview
                17.1.6.5.1. Marketing Strategy
                17.1.6.5.2. Product Strategy
                17.1.6.5.3. Channel Strategy
        17.1.7. TMEIC Corporation
            17.1.7.1. Overview
            17.1.7.2. Product Portfolio
            17.1.7.3. Profitability by Market Segments
            17.1.7.4. Sales Footprint
            17.1.7.5. Strategy Overview
                17.1.7.5.1. Marketing Strategy
                17.1.7.5.2. Product Strategy
                17.1.7.5.3. Channel Strategy
        17.1.8. Altenergy power system
            17.1.8.1. Overview
            17.1.8.2. Product Portfolio
            17.1.8.3. Profitability by Market Segments
            17.1.8.4. Sales Footprint
            17.1.8.5. Strategy Overview
                17.1.8.5.1. Marketing Strategy
                17.1.8.5.2. Product Strategy
                17.1.8.5.3. Channel Strategy
        17.1.9. Renesola
            17.1.9.1. Overview
            17.1.9.2. Product Portfolio
            17.1.9.3. Profitability by Market Segments
            17.1.9.4. Sales Footprint
            17.1.9.5. Strategy Overview
                17.1.9.5.1. Marketing Strategy
                17.1.9.5.2. Product Strategy
                17.1.9.5.3. Channel Strategy
        17.1.10. AE conversion
            17.1.10.1. Overview
            17.1.10.2. Product Portfolio
            17.1.10.3. Profitability by Market Segments
            17.1.10.4. Sales Footprint
            17.1.10.5. Strategy Overview
                17.1.10.5.1. Marketing Strategy
                17.1.10.5.2. Product Strategy
                17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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