On Grid Residential Micro Inverter Market Growth, Size, Trends, Analysis and Segment Forecast to 2034
Global On Grid Residential Micro Inverter Market Growth, Size, Trends Analysis- By Phase - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: POAE25155 | Pages: 1 - 244 | Formats*: |
| Category : Power & Energy | |||
On Grid Residential Micro Inverter Market Introduction and Overview
According to SPER Market Research, the Global On Grid Residential Micro Inverter Market is estimated to reach USD 4.27 billion by 2034 with a CAGR 9.34%.
The report includes an in-depth analysis of the Global On Grid Residential Micro Inverter Market, including market size and trends, product mix, Applications, and supplier analysis. The global on-grid residential microinverter market was valued at approximately USD 1.75 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) exceeding 9.34% from 2025 to 2034. Microinverters, which are installed directly on individual solar panels in residential systems connected to the public grid, convert direct current (DC) into alternating current (AC) for home consumption or grid export. Their capacity to improve overall system efficiency and provide real-time monitoring of each panel’s performance is driving increased adoption. Furthermore, the demand is supported by a shift towards safer solar technologies that reduce reliance on high-voltage DC wiring, enhancing safety and reliability.
Market Segmentation by Phase:
The market is divided into single-phase and three-phase on-grid residential microinverter systems. Significant growth is expected in this segment due to the microinverters’ ability to optimize energy production at the panel level, which is especially beneficial in homes with partial shading or complex roof structures. The trend towards flexible system designs that fit various roof shapes and orientations further encourages market expansion. Additionally, microinverters allow easy scalability, enabling homeowners to add more panels without needing to upgrade their inverter system, thereby increasing demand.
Regional Overview:
In Europe, the on-grid residential microinverter market is anticipated to grow steadily, driven by rising energy prices, concerns over energy security, and increased investments in renewable energy solutions. Innovations in efficiency, reliability, and smart monitoring technologies by leading manufacturers are making these devices more attractive to consumers. The growing prevalence of smart homes and integrated energy management systems is also boosting market growth. Meanwhile, in the United States, decreasing solar installation costs and a variety of roof configurations are fueling demand for microinverters, which offer enhanced panel-level optimization. Efforts to reduce dependence on the grid and control energy expenses further support the adoption of these systems.
Competitive Landscape:
The market is characterized by a consolidated competitive environment, with prominent players including Deye Inverter, Darfon Electronics Corporation, Enphase, Fimer Group, Fenice Energy, Sparq System, Sensol, Statcon Energiaa, SunEvo Solar, Solis Solar, and Tata Power Solar.
Recent Developments:
In November 2023, Fenice Energy introduced the YS18 single-phase microinverter designed for residential solar systems. It delivers an AC output of up to 1,800 VA, supports four solar modules over 670 Wp, and manages a peak input current of 20 A. With a peak efficiency of 97% and MPPT efficiency of 99.5%, this microinverter is engineered for high performance and adaptability, making it suitable for maximizing energy generation in home solar installations.
In July 2023, Enphase Energy partnered with LGCY Power to broaden the deployment of Enphase’s energy solutions, including IQ8 Microinverters, IQ Batteries, and EV chargers, across the United States. LGCY Power, a leading solar installer operating in 31 states, will incorporate Enphase products to support clean energy adoption in residential sectors. The collaboration also involves comprehensive installer services such as lead generation, system design, permitting, and operations and maintenance for home energy management systems.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | Phase |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Deye Inverter, Darfon Electronics Corporation, Enphase, Fimer Group, Fenice Energy, Sparq System, Sensol, Statcon Energiaa, SunEvo Solar, Solis Solar, Tata Power Solar. |
Key Topics Covered in the Report
- Global On Grid Residential Micro Inverter Market Size (FY’2021-FY’2034)
- Overview of Global On Grid Residential Micro Inverter Market
- Segmentation of Global On Grid Residential Micro Inverter Market By Phase (Single Phase, Three Phase)
- Statistical Snap of Global On Grid Residential Micro Inverter Market
- Expansion Analysis of Global On Grid Residential Micro Inverter Market
- Problems and Obstacles in Global On Grid Residential Micro Inverter Market
- Competitive Landscape in the Global On Grid Residential Micro Inverter Market
- Details on Current Investment in Global On Grid Residential Micro Inverter Market
- Competitive Analysis of Global On Grid Residential Micro Inverter Market
- Prominent Players in the Global On Grid Residential Micro Inverter Market
- SWOT Analysis of Global On Grid Residential Micro Inverter Market
- Global On Grid Residential Micro Inverter Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global On Grid Residential Micro Inverter Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global On Grid Residential Micro Inverter Market
7.Global On Grid Residential Micro Inverter Market, By Phase, (USD Million) 2021-2034
7.1.Single Phase7.2.Three Phase
8.Global On Grid Residential Micro Inverter Market, (USD Million) 2021-2034
8.1.Global On Grid Residential Micro Inverter Market Size and Market Share
9.Global On Grid Residential Micro Inverter Market, By Region, 2021-2034 (USD Million)
9.1.Asia-Pacific9.1.1.Australia9.1.2.China9.1.3.India9.1.4.Japan9.1.5.South Korea9.1.6.Rest of Asia-Pacific9.2.Europe9.2.1.France9.2.2.Germany9.2.3.Italy9.2.4.Spain9.2.5.United Kingdom9.2.6.Rest of Europe9.3.Middle East and Africa9.3.1.Kingdom of Saudi Arabia9.3.2.United Arab Emirates9.3.3.Qatar9.3.4.South Africa9.3.5.Egypt9.3.6.Morocco9.3.7.Nigeria9.3.8.Rest of Middle-East and Africa9.4.North America9.4.1.Canada9.4.2.Mexico9.4.3.United States9.5.Latin America9.5.1.Argentina9.5.2.Brazil9.5.3.Rest of Latin America
10.Company Profile
10.1.Deye Inverter10.1.1.Company details10.1.2.Financial outlook10.1.3.Product summary10.1.4.Recent developments10.2.Darfon Electronics Corporation10.2.1.Company details10.2.2.Financial outlook10.2.3.Product summary10.2.4.Recent developments10.3.Enphase10.3.1.Company details10.3.2.Financial outlook10.3.3.Product summary10.3.4.Recent developments10.4.Fimer Group10.4.1.Company details10.4.2.Financial outlook10.4.3.Product summary10.4.4.Recent developments10.5.Fenice Energy10.5.1.Company details10.5.2.Financial outlook10.5.3.Product summary10.5.4.Recent developments10.6.Sparq System10.6.1.Company details10.6.2.Financial outlook10.6.3.Product summary10.6.4.Recent developments10.7.Sensol10.7.1.Company details10.7.2.Financial outlook10.7.3.Product summary10.7.4.Recent developments10.8.Statcon Energiaa10.8.1.Company details10.8.2.Financial outlook10.8.3.Product summary10.8.4.Recent developments10.9.SunEvo Solar10.9.1.Company details10.9.2.Financial outlook10.9.3.Product summary10.9.4.Recent developments10.10.Solis Solar10.10.1.Company details10.10.2.Financial outlook10.10.3.Product summary10.10.4.Recent developments10.11.Tata Power Solar10.11.1.Company details10.11.2.Financial outlook10.11.3.Product summary10.11.4.Recent developments10.12.Others
11.Conclusion
12.List of Abbreviations
13.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
On Grid Residential Micro Inverter Market is projected to reach USD 4.27 by 2034, growing at a CAGR of 9.34 % during the forecast period.
On Grid Residential Micro Inverter Marketsize from 2025. The Market is expected to reach USD 4.27 by 2034, at a CAGR of 9.34% during the forecast period.
On Grid Residential Micro Inverter MarketCAGR of 9.34% during the forecast period.
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On Grid Residential Micro Inverter Marketsize is USD 4.27 from 2025 to 2034.
On Grid Residential Micro Inverter Marketcovered Phase
The North America is anticipated to have the highest Market share in the On Grid Residential Micro Inverter Market .
Deye Inverter, Darfon Electronics Corporation, Enphase, Fimer Group, Fenice Energy, Sparq System, Sensol, Statcon Energiaa, SunEvo Solar, Solis Solar, Tata Power Solar.
The report includes an in-depth analysis of the Global On Grid Residential Micro Inverter Market, including market size and trends, product mix, Applications, and supplier analysis.
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