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

Market Overview:

The GCC solar microinverter market is currently witnessing moderate growth. A solar microinverter is a device used in photovoltaics to convert the direct current (DC) generated by a single solar panel to alternating current (AC). It is attached to each solar panel and helps in changing the current separately. Unlike string and central inverters, which are primarily used with commercial and utility-sized solar power stations, the solar microinverter offers various benefits such as harvesting optimum power by using Maximum Power Point Tracking (MPPT) technology and simplifying stock management.

The GCC solar microinverter market is primarily driven by the increasing adoption of renewable energy resources like solar power for residential, commercial, and industrial use. The presence of high-capacity solar power plants in countries like the UAE and Saudi Arabia has also increased the demand for efficient solar microinverters in the region. Along with this, there have been rising investments in the development of cleaner and sustainable energy infrastructure, which is contributing to the market growth. Additionally, governments of various GCC countries are providing immense support in the form of initiatives, such as tax rebates and subsidies, thereby increasing the sales of the product. Furthermore, the ever-increasing penetration of international players and the growing mergers and acquisitions amongst companies have led to the introduction of advanced products in the region. 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 GCC 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:

  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain
     

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 GCC 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 GCC 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 GCC 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    GCC 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    Saudi Arabia
        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    UAE
        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    Qatar
        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    Oman
        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    Kuwait
        11.5.1 Market Trends
        11.5.2 Market Forecast
    11.6    Bahrain
        11.6.1 Market Trends
        11.6.2 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: GCC: Solar Microinverter Market: Major Drivers and Challenges
Figure 2: GCC: Solar Microinverter Market: Sales Value (in Million US$), 2015-2020
Figure 3: GCC: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: GCC: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 5: GCC: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 6: GCC: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 7: GCC: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 8: GCC: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 9: GCC: Solar Microinverter Market: Breakup by Country (in %), 2020
Figure 10: GCC: Solar Microinverter (Standalone) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: GCC: Solar Microinverter (Standalone) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: GCC: Solar Microinverter (On-Grid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: GCC: Solar Microinverter (On-Grid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: GCC: Solar Microinverter (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: GCC: Solar Microinverter (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: GCC: Solar Microinverter (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: GCC: Solar Microinverter (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: GCC: Solar Microinverter (Wired) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: GCC: Solar Microinverter (Wired) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: GCC: Solar Microinverter (Wireless) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: GCC: Solar Microinverter (Wireless) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: GCC: Solar Microinverter (Single Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: GCC: Solar Microinverter (Single Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: GCC: Solar Microinverter (Three Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: GCC: Solar Microinverter (Three Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: GCC: Solar Microinverter (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: GCC: Solar Microinverter (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: GCC: Solar Microinverter (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: GCC: Solar Microinverter (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: GCC: Solar Microinverter (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: GCC: Solar Microinverter (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Saudi Arabia: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Saudi Arabia: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 34: Saudi Arabia: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 35: Saudi Arabia: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 36: Saudi Arabia: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 37: Saudi Arabia: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 38: Saudi Arabia: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: UAE: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: UAE: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 41: UAE: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 42: UAE: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 43: UAE: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 44: UAE: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 45: UAE: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Qatar: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Qatar: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 48: Qatar: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 49: Qatar: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 50: Qatar: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 51: Qatar: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 52: Qatar: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Oman: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Oman: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 55: Oman: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 56: Oman: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 57: Oman: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 58: Oman: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 59: Oman: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Kuwait: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Kuwait: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Bahrain: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Bahrain: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: GCC: Solar Microinverter Industry: SWOT Analysis
Figure 65: GCC: Solar Microinverter Industry: Value Chain Analysis
Figure 66: GCC: Solar Microinverter Industry: Porter’s Five Forces Analysis

List of Tables

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

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