Delray Beach, FL, Aug. 20, 2025 (GLOBE NEWSWIRE) — According to the new market research report “Micro-inverter Market by Offering, Communication Technology (Wired, Wireless), Type (Single Phase, Three Phase), Power Rating (Below 250 W, Between 250 & 500 W, Above 500 W), Connection Type, Sales Channel, Application – Global Forecast to 2029″ The global Micro Inverter Industry Size is expected to be valued at USD 4.9 billion in 2024 and is projected to reach USD 14.5 billion by 2029; it is expected to grow at a CAGR of 24.1% from 2023 to 2028.
The growth of the micro-inverter Industry is propelled by increasing energy prices that contribute to the installation of solar panels and rising energy demand across the globe. However, limited power handling capacity and high installation and maintenance costs restrain the market’s growth.
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Major Key Players in the Micro-inverter Industry:
- Enphase Energy (US),
- Altenergy Power Systems (US),
- Hoymiles (China),
- Ningbo Deye Inverter Technology Co Ltd (China),
- Chilicon Power LLC (US),
- AEconversion GmbH & CO. KG (Germany),
- Envertech (China),
- ZJBENY (China),
- Bluesun Solar Co., Ltd. (China), and
- Solar Panels Plus (US)
Micro-inverter Market Segmentation Analysis:
By Segment, Micro-inverter Industry for Wireless is expected to have the highest CAGR during the forecast period.
The wireless segment in the micro-inverter industry is expected to grow at the highest CAGR during the forecast period. Wireless communication technologies, such as Wi-Fi and Zigbee, provide enhanced flexibility and simplified installation when compared to conventional wired alternatives. Moreover, wireless communication facilitates greater scalability in solar installations, aligning with the increasing trend of distributed energy resources. The growing preference for intelligent and interconnected energy systems made possible through wireless communication is a significant factor contributing to the growth of this segment.
By Segment, Micro-inverter Industry for grid-tied is anticipated …