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Asia Pacific Solar Microinverter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Asia Pacific solar microinverter market is currently witnessing robust growth. A solar microinverter refers to a device that converts direct current (DC) generated by a solar panel into alternating current. It differs from string inverters and central inverters as the solar microinverter is attached to solar panels and converts the current separately. It has various benefits, such as the ability to increasing the power by using the Maximum Power Point Tracking (MPPT) technology and maintaining a consistent flow of energy compared to its conventional counterparts. Solar microinverters are gaining traction across the Asia Pacific region due to the increasing environmental concerns.

The Asia Pacific solar microinverter market is primarily driven by the rising shift from fossil fuel-based energy generation toward more sustainable and cleaner power source alternatives. Besides this, the implementation of favorable regulations and numerous government subsidies have resulted in the installation of solar power infrastructures, including microinverters. Furthermore, the customization of solar microinverter as per the requirement of users and the extended warranty period, along with increasing adoption of building-integrated photovoltaics, is also catalyzing the market growth. On account of these factors, the market is expected to continue its robust growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific solar microinverter market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, connectivity, component, communication channel, type and application.

Breakup by Connectivity:

  • Standalone
  • On-Grid
     

Breakup by Component:

  • Hardware
  • Software
     

Breakup by Communication Channel:

  • Wired
  • Wireless
     

Breakup by Type:

  • Single Phase
  • Three Phase
     

Breakup by Application:

  • Residential
  • Commercial
  • Others
     

Breakup by Country:

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

  • How has the Asia Pacific solar microinverter market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Asia Pacific solar microinverter market?
  • What are the key regional markets?
  • What is the breakup of the market based on the connectivity?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the communication channel?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Asia Pacific solar microinverter market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Asia Pacific Solar Microinverter Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Connectivity
    6.1    Standalone
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    On-Grid
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Component
    7.1    Hardware
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Software
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Communication Channel
    8.1    Wired
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Wireless
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Type
    9.1    Single Phase
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Three Phase
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Application
    10.1    Residential
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Commercial
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Others
        10.3.1 Market Trends
        10.3.2 Market Forecast
11    Market Breakup by Country
    11.1    China
        11.1.1 Market Trends
        11.1.2 Market Breakup by Connectivity
        11.1.3 Market Breakup by Component
        11.1.4 Market Breakup by Communication Channel
        11.1.5 Market Breakup by Type
        11.1.6 Market Breakup by Application
        11.1.7 Market Forecast
    11.2    Japan
        11.2.1 Market Trends
        11.2.2 Market Breakup by Connectivity
        11.2.3 Market Breakup by Component
        11.2.4 Market Breakup by Communication Channel
        11.2.5 Market Breakup by Type
        11.2.6 Market Breakup by Application
        11.2.7 Market Forecast
    11.3    India
        11.3.1 Market Trends
        11.3.2 Market Breakup by Connectivity
        11.3.3 Market Breakup by Component
        11.3.4 Market Breakup by Communication Channel
        11.3.5 Market Breakup by Type
        11.3.6 Market Breakup by Application
        11.3.7 Market Forecast
    11.4    South Korea
        11.4.1 Market Trends
        11.4.2 Market Breakup by Connectivity
        11.4.3 Market Breakup by Component
        11.4.4 Market Breakup by Communication Channel
        11.4.5 Market Breakup by Type
        11.4.6 Market Breakup by Application
        11.4.7 Market Forecast
    11.5    Australia
        11.5.1 Market Trends
        11.5.2 Market Breakup by Connectivity
        11.5.3 Market Breakup by Component
        11.5.4 Market Breakup by Communication Channel
        11.5.5 Market Breakup by Type
        11.5.6 Market Breakup by Application
        11.5.7 Market Forecast
    11.6    Indonesia
        11.6.1 Market Trends
        11.6.2 Market Breakup by Connectivity
        11.6.3 Market Breakup by Component
        11.6.4 Market Breakup by Communication Channel
        11.6.5 Market Breakup by Type
        11.6.6 Market Breakup by Application
        11.6.7 Market Forecast
    11.7    Others
        11.7.1 Market Trends
        11.7.2 Market Breakup by Connectivity
        11.7.3 Market Breakup by Component
        11.7.4 Market Breakup by Communication Channel
        11.7.5 Market Breakup by Type
        11.7.6 Market Breakup by Application
        11.7.7 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Policy and Regulatory Landscape
17    Competitive Landscape

    17.1    Market Structure
    17.2    Key Players
    17.3    Profiles of Key Players

List of Figures

Figure 1: Asia Pacific: Solar Microinverter Market: Major Drivers and Challenges
Figure 2: Asia Pacific: Solar Microinverter Market: Sales Value (in Million US$), 2015-2020
Figure 3: Asia Pacific: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Asia Pacific: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 5: Asia Pacific: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 6: Asia Pacific: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 7: Asia Pacific: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 8: Asia Pacific: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 9: Asia Pacific: Solar Microinverter Market: Breakup by Country (in %), 2020
Figure 10: Asia Pacific: Solar Microinverter (Standalone) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Asia Pacific: Solar Microinverter (Standalone) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Asia Pacific: Solar Microinverter (On-Grid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Asia Pacific: Solar Microinverter (On-Grid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Asia Pacific: Solar Microinverter (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Asia Pacific: Solar Microinverter (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Asia Pacific: Solar Microinverter (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Asia Pacific: Solar Microinverter (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Asia Pacific: Solar Microinverter (Wired) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Asia Pacific: Solar Microinverter (Wired) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Asia Pacific: Solar Microinverter (Wireless) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Asia Pacific: Solar Microinverter (Wireless) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Asia Pacific: Solar Microinverter (Single Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Asia Pacific: Solar Microinverter (Single Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Asia Pacific: Solar Microinverter (Three Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Asia Pacific: Solar Microinverter (Three Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Asia Pacific: Solar Microinverter (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Asia Pacific: Solar Microinverter (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Asia Pacific: Solar Microinverter (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Asia Pacific: Solar Microinverter (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Asia Pacific: Solar Microinverter (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Asia Pacific: Solar Microinverter (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: China: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: China: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 34: China: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 35: China: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 36: China: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 37: China: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 38: China: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Japan: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Japan: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 41: Japan: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 42: Japan: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 43: Japan: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 44: Japan: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 45: Japan: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: India: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: India: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 48: India: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 49: India: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 50: India: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 51: India: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 52: India: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: South Korea: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: South Korea: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 55: South Korea: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 56: South Korea: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 57: South Korea: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 58: South Korea: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 59: South Korea: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Australia: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Australia: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 62: Australia: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 63: Australia: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 64: Australia: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 65: Australia: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 66: Australia: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Indonesia: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Indonesia: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 69: Indonesia: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 70: Indonesia: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 71: Indonesia: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 72: Indonesia: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 73: Indonesia: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Asia Pacific: Solar Microinverter Industry: SWOT Analysis
Figure 77: Asia Pacific: Solar Microinverter Industry: Value Chain Analysis
Figure 78: Asia Pacific: Solar Microinverter Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Asia Pacific: Solar Microinverter Market: Key Industry Highlights, 2020 and 2026
Table 2: Asia Pacific: Solar Microinverter Market Forecast: Breakup by Connectivity (in Million US$), 2021-2026
Table 3: Asia Pacific: Solar Microinverter Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 4: Asia Pacific: Solar Microinverter Market Forecast: Breakup by Communication Channel (in Million US$), 2021-2026
Table 5: Asia Pacific: Solar Microinverter Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 6: Asia Pacific: Solar Microinverter Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Asia Pacific: Solar Microinverter Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 8: Asia Pacific: Solar Microinverter Market: Competitive Structure
Table 9: Asia Pacific: Solar Microinverter Market: Key Players

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