Market Overview:
The Europe solar microinverter market is currently witnessing robust growth. A solar microinverter refers to an electronic device used in photovoltaic (PV) cells to change the current waveform. It functions in a parallel circuit and is used for changing the direct current (DC) into alternating current (AC). The solar microinverter also separates power output from panels while converting it into grid voltage. It has the ability to maintain a consistent flow of power despite the shading of panels, coupled with its flexibility of design and the capability to maximize the power from solar panels through the use of the Maximum Power Point Tracking (MPPT) technology.
The Europe solar microinverter market is primarily driven by the growing number of solar power plants in the region. The increasing efforts by the European Commission to switch to renewable energy sources instead of fossil fuels are also propelling the market growth. Additionally, the rapid modernization of electricity grids and the implementation of stringent rules and regulations for reducing carbon emissions have led to the growing demand for solar power systems across the region. Besides this, several manufacturers are launching innovative solar microinverters with advanced benefits like high-power density, easy installation and cost-efficiency, which are bolstering 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 Europe 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:
Breakup by Component:
Breakup by Communication Channel:
Breakup by Type:
Breakup by Application:
- Residential
- Commercial
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- 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 Europe 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 Europe 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 Europe 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 Europe 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 Germany
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 France
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 United Kingdom
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 Italy
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 Spain
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 Others
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
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: Europe: Solar Microinverter Market: Major Drivers and Challenges
Figure 2: Europe: Solar Microinverter Market: Sales Value (in Million US$), 2015-2020
Figure 3: Europe: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Europe: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 5: Europe: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 6: Europe: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 7: Europe: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 8: Europe: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 9: Europe: Solar Microinverter Market: Breakup by Country (in %), 2020
Figure 10: Europe: Solar Microinverter (Standalone) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Europe: Solar Microinverter (Standalone) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Europe: Solar Microinverter (On-Grid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Europe: Solar Microinverter (On-Grid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Europe: Solar Microinverter (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Europe: Solar Microinverter (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Europe: Solar Microinverter (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Europe: Solar Microinverter (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Europe: Solar Microinverter (Wired) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Europe: Solar Microinverter (Wired) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Europe: Solar Microinverter (Wireless) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Europe: Solar Microinverter (Wireless) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Europe: Solar Microinverter (Single Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Europe: Solar Microinverter (Single Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Europe: Solar Microinverter (Three Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Europe: Solar Microinverter (Three Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Europe: Solar Microinverter (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Europe: Solar Microinverter (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Europe: Solar Microinverter (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Europe: Solar Microinverter (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Europe: Solar Microinverter (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Europe: Solar Microinverter (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Germany: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Germany: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 34: Germany: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 35: Germany: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 36: Germany: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 37: Germany: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 38: Germany: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: France: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: France: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 41: France: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 42: France: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 43: France: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 44: France: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 45: France: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: United Kingdom: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: United Kingdom: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 48: United Kingdom: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 49: United Kingdom: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 50: United Kingdom: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 51: United Kingdom: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 52: United Kingdom: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Italy: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Italy: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 55: Italy: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 56: Italy: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 57: Italy: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 58: Italy: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 59: Italy: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Spain: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Spain: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 62: Spain: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 63: Spain: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 64: Spain: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 65: Spain: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 66: Spain: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Europe: Solar Microinverter Industry: SWOT Analysis
Figure 70: Europe: Solar Microinverter Industry: Value Chain Analysis
Figure 71: Europe: Solar Microinverter Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Europe: Solar Microinverter Market: Key Industry Highlights, 2020 and 2026
Table 2: Europe: Solar Microinverter Market Forecast: Breakup by Connectivity (in Million US$), 2021-2026
Table 3: Europe: Solar Microinverter Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 4: Europe: Solar Microinverter Market Forecast: Breakup by Communication Channel (in Million US$), 2021-2026
Table 5: Europe: Solar Microinverter Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 6: Europe: Solar Microinverter Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Europe: Solar Microinverter Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 8: Europe: Solar Microinverter Market: Competitive Structure
Table 9: Europe: Solar Microinverter Market: Key Players