The Latin America, Middle East and Africa Micro Inverter Market would witness market growth of 21.0% CAGR during the forecast period (2022-2028).
Micro inverters are the route to go if a solar system is directed at multiple angles, such as some panels directing south, some east, and some west. Micro inverters are also the ideal option if users have shading concerns due to a large chimney or a tree. The solar panels would produce a varying quantity of electricity at varying periods of the day in the conditions, but micro inverters would assure that the user gathers all of the energy, whereas a regular inverter would lose some of it. Micro inverters offer a 25-year warranty, whereas normal inverters have an 8- to 12-year warranty. In addition, micro inverter dependability was questioned a few years ago, but technology has now followed up with the business, and the extended warranties on micro-inverters demonstrate the makers' trust in the products.
Along with that, micro-inverters, unlike central inverters, optimize each solar panel individually rather than the entire solar system. This allows each solar panel to operate to its full capacity. In other words, unlike central inverters, which optimize for the weakest link, a single solar panel cannot degrade the performance of an entire solar array. Micro inverters, rather than standard string inverters, can provide significant benefits to households considering going solar.
Micro inverters have been in huge demand and usage in the Middle East region as users of the region have requirements that matches the built-up of micro inverter whose wattage varies between the range of 190 W and 220 W. The main objective in Middle East region is to fulfill the task with cost-effectiveness. Micro inverters are small inverters that can manage the output of one or two solar panels. Along with that, micro inverters are often rated between 190 and 220 W since grid-tie panels are usually rated around 225 and 275 W, but rarely generate this in practice.
As a consequence, it operates at a lower power level, it avoids many of the design issues that plague larger designs: a large transformer is rarely required, large electrolytic capacitors can be substituted with much more dependable thin-film capacitors, and cooling loads are lowered to the point where fans are not required. The mean time between failures (MTBF) is measured in centuries. The manufacturers are heavily investing on overall cost reduction of micro inverter. Therefore, due to increased emphasis of regional government as well as technological leaders in micro electronic industry to bring more cost effectiveness and efficiency, the micro inverter market is expected to grow in the coming years.
The Brazil market dominated the LAMEA Micro Inverter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $134.2 million by 2028. The Argentina market is estimated to grow at a CAGR of 21.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 20.7% during (2022 - 2028).
Based on Type, the market is segmented into Single phase and Three phase. Based on Connection, the market is segmented into Grid Connected and Stand Alone. Based on End User, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Micro Inverter Market is Predict to reach $7.4 Billion by 2028, at a CAGR of 17.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Delta Electronics, Inc., STMicroelectronics N.V., Texas Instruments, Inc., Sensata Technologies Holdings PLC, Darfon Electronics Corporation, Enphase Energy, Inc., Sparq Systems Inc., Fimer S.p.A., and SolarEdge Technologies, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Connection
- Grid Connected
- Stand Alone
By End User
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Delta Electronics, Inc.
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Sensata Technologies Holdings PLC
- Darfon Electronics Corporation
- Enphase Energy, Inc.
- Sparq Systems Inc.
- Fimer S.p.A.
- SolarEdge Technologies, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Micro Inverter Market, by Type
1.4.2 LAMEA Micro Inverter Market, by Connection
1.4.3 LAMEA Micro Inverter Market, by End User
1.4.4 LAMEA Micro Inverter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Product Launches and Product Expansions
3.2.2 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2021, Dec) Leading Players
Chapter 4. LAMEA Micro Inverter Market by Type
4.1 LAMEA Single phase Market by Country
4.2 LAMEA Three phase Market by Country
Chapter 5. LAMEA Micro Inverter Market by Connection
5.1 LAMEA Grid Connected Market by Country
5.2 LAMEA Stand Alone Market by Country
Chapter 6. LAMEA Micro Inverter Market by End User
6.1 LAMEA Residential Market by Country
6.2 LAMEA Commercial Market by Country
Chapter 7. LAMEA Micro Inverter Market by Country
7.1 Brazil Micro Inverter Market
7.1.1 Brazil Micro Inverter Market by Type
7.1.2 Brazil Micro Inverter Market by Connection
7.1.3 Brazil Micro Inverter Market by End User
7.2 Argentina Micro Inverter Market
7.2.1 Argentina Micro Inverter Market by Type
7.2.2 Argentina Micro Inverter Market by Connection
7.2.3 Argentina Micro Inverter Market by End User
7.3 UAE Micro Inverter Market
7.3.1 UAE Micro Inverter Market by Type
7.3.2 UAE Micro Inverter Market by Connection
7.3.3 UAE Micro Inverter Market by End User
7.4 Saudi Arabia Micro Inverter Market
7.4.1 Saudi Arabia Micro Inverter Market by Type
7.4.2 Saudi Arabia Micro Inverter Market by Connection
7.4.3 Saudi Arabia Micro Inverter Market by End User
7.5 South Africa Micro Inverter Market
7.5.1 South Africa Micro Inverter Market by Type
7.5.2 South Africa Micro Inverter Market by Connection
7.5.3 South Africa Micro Inverter Market by End User
7.6 Nigeria Micro Inverter Market
7.6.1 Nigeria Micro Inverter Market by Type
7.6.2 Nigeria Micro Inverter Market by Connection
7.6.3 Nigeria Micro Inverter Market by End User
7.7 Rest of LAMEA Micro Inverter Market
7.7.1 Rest of LAMEA Micro Inverter Market by Type
7.7.2 Rest of LAMEA Micro Inverter Market by Connection
7.7.3 Rest of LAMEA Micro Inverter Market by End User
Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.2 Delta Electronics, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.3 STMicroelectronics N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Texas Instruments, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Sensata Technologies Holdings PLC
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Darfon Electronics Corporation
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.7 Enphase Energy, Inc.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 Sparq Systems Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Fimer S.p.A.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.9.2.2 Acquisition and Mergers:
8.10. SolarEdge Technologies, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
TABLE 1 LAMEA Micro Inverter Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Micro Inverter Market, 2022 - 2028, USD Million
TABLE 3 Product Launches And Product Expansions– Micro Inverter Market
TABLE 4 Acquisition and Mergers– Micro Inverter Market
TABLE 5 LAMEA Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 6 LAMEA Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 7 LAMEA Single phase Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Single phase Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Three phase Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Three phase Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 12 LAMEA Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 13 LAMEA Grid Connected Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Grid Connected Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Stand Alone Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Stand Alone Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 18 LAMEA Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 19 LAMEA Residential Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Residential Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Micro Inverter Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Micro Inverter Market by Country, 2022 - 2028, USD Million
TABLE 25 Brazil Micro Inverter Market, 2018 - 2021, USD Million
TABLE 26 Brazil Micro Inverter Market, 2022 - 2028, USD Million
TABLE 27 Brazil Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 28 Brazil Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 29 Brazil Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 30 Brazil Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 31 Brazil Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 32 Brazil Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 33 Argentina Micro Inverter Market, 2018 - 2021, USD Million
TABLE 34 Argentina Micro Inverter Market, 2022 - 2028, USD Million
TABLE 35 Argentina Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 36 Argentina Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 37 Argentina Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 38 Argentina Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 39 Argentina Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 40 Argentina Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 41 UAE Micro Inverter Market, 2018 - 2021, USD Million
TABLE 42 UAE Micro Inverter Market, 2022 - 2028, USD Million
TABLE 43 UAE Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 44 UAE Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 45 UAE Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 46 UAE Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 47 UAE Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 48 UAE Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 49 Saudi Arabia Micro Inverter Market, 2018 - 2021, USD Million
TABLE 50 Saudi Arabia Micro Inverter Market, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 57 South Africa Micro Inverter Market, 2018 - 2021, USD Million
TABLE 58 South Africa Micro Inverter Market, 2022 - 2028, USD Million
TABLE 59 South Africa Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 60 South Africa Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 61 South Africa Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 62 South Africa Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 63 South Africa Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 64 South Africa Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 65 Nigeria Micro Inverter Market, 2018 - 2021, USD Million
TABLE 66 Nigeria Micro Inverter Market, 2022 - 2028, USD Million
TABLE 67 Nigeria Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 68 Nigeria Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 69 Nigeria Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 70 Nigeria Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 71 Nigeria Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 72 Nigeria Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 73 Rest of LAMEA Micro Inverter Market, 2018 - 2021, USD Million
TABLE 74 Rest of LAMEA Micro Inverter Market, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 81 Key Information – Siemens AG
TABLE 82 Key Information – Delta Electronics, Inc.
TABLE 83 Key Information – STMicroelectronics N.V.
TABLE 84 Key Information – Texas Instruments, Inc.
TABLE 85 Key Information – Sensata Technologies Holdings PLC
TABLE 86 Key Information – Darfon Electronics Corporation
TABLE 87 Key information – Enphase Energy, Inc.
TABLE 88 Key Information – Sparq Systems Inc.
TABLE 89 key information – Fimer S.p.A.
TABLE 90 Key information – SolarEdge Technologies, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2021, dec) Leading Players
FIG 5 Swot analysis: stmicroelectronics n.v.
FIG 6 SWOT Analysis: Texas Instruments, Inc.
FIG 7 Recent strategies and developments: Fimer S.p.A.