What is the global micro inverter market size?

The global micro inverter market size was estimated at USD 4.67 billion in 2024 and is projected to reach USD 17.34 billion by 2030, at a CAGR of 24.58% from 2025 to 2030. The market is experiencing steady growth, driven by the rising adoption of rooftop solar systems and the increasing emphasis on maximizing energy efficiency.

Which segment dominated the micro inverter market in 2024?

By application, the residential segment dominated the micro inverter market in 2024. The U.S. micro inverter market size was estimated at USD 1.29 billion in 2024 and is projected to surpass around USD 3.78 billion by 2034 at a CAGR of 11.40% from 2024 to 2034. North America had the largest share in 2024 of the micro inverter market.

Why is the micro inverter market growing?

The market is experiencing steady growth, driven by the rising adoption of rooftop solar systems and the increasing emphasis on maximizing energy efficiency. North America held the largest revenue share of 37.74% in the global micro inverter market. The micro inverter market in the U.S. is experiencing strong momentum.

What is a micro inverter?

Micro inverters provide individual MPPT, unlocking the full bifacial yield profile and preventing one shaded panel from curtailing an entire string. Leading vendors now market 600 W micro inverters with 97% CEC-weighted efficiency, ensuring conversion losses stay below the incremental energy gain.

How big is the 2025 micro inverter market?

At USD 4.17 billion, the 2025 micro inverter market size skews heavily toward this configuration. However, three-phase designs are forecast to expand at 19.1% CAGR, outpacing overall sector growth as CandI rooftops seek module-level monitoring to maximize limited real estate.

Who are the leading companies in the micro inverter market?

Some key players operating in the market are Enphase, Darfon Electronics Corporation, Deye Inverter, Sparq Systems, Fimer Group, Solis Solar, Tata Power Solar, and others. The following are the leading companies in the micro inverter market. These companies collectively hold the largest market share and dictate industry trends.