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Standalone Micro Inverter Market Trends

Report ID: GMI8032
Published Date: Feb 2024
Report Format: PDF

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Standalone Micro Inverter Market Trends

The system providing individual panel optimization, module-level monitoring, and design flexibility aligned with growing emphasis on advanced monitoring solutions will stimulate the business potential. Moreover, innovations in power electronics, communications, and materials along with improved manufacturing processes and robust designs will contribute to the industry dynamics.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of standalone micro inverter was reached USD 700 million in 2023 and is anticipated to record 15.2% CAGR up to 2032, due to the rising requirement for energy independence and self-sufficiency among consumers and businesses.

Standalone micro inverter market from the residential application segment may cross USD 1.9 billion by 2032, due to the rising demand for clean and more aesthetically pleasing installations.

Europe standalone micro inverter market size is expected to witness more than 17.5% CAGR through 2032, owing to the presence of supportive government incentives, subsidies, and investments for the adoption of solar energy systems along with integration of hybrid solar and storage systems.

Some of the key standalone micro inverter market participants include AIMS Power, Altenergy Power System Inc., Chilicon Power, Darfon Electronics, Delta Electronics, and Enphase Energy.