Asia Pacific Solar Microinverter Market Size & Outlook
Asia Pacific solar microinverter market highlights
- The Asia Pacific solar microinverter market generated a revenue of USD 1,314.6 million in 2024.
- The market is expected to grow at a CAGR of 18.8% from 2025 to 2030.
- In terms of segment, single phase was the largest revenue generating type in 2024.
- Single Phase is the most lucrative type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2024 | USD 1,314.6 million |
| Market revenue in 2030 | USD 3,686.7 million |
| Growth rate | 18.8% (CAGR from 2025 to 2030) |
| Largest segment | Single phase |
| Fastest growing segment | Single Phase |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Phase |
| Key market players worldwide | SMA Solar Technology AG, Canadian Solar Inc, SunPower Corp, Delta Electronics Inc DR, Hitachi Ltd, Sensata Technologies Holding PLC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 43.6% of the global solar microinverter market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 2,416.3 million by 2030.
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Solar Microinverter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SMA Solar Technology AG | View profile | 4518 | Sonnenallee 1, Niestetal, Germany, 34266 | https://www.sma.de |
| SunPower Corp | View profile | 4710 | 51 Rio Robles, San Jose, CA, United States, 95134 | https://www.sunpower.com |
| Canadian Solar Inc | View profile | 22234 | 545 Speedvale Avenue West, Guelph, ON, Canada, N1K 1E6 | https://www.canadiansolar.com |
| Sensata Technologies Holding PLC | View profile | 19400 | 529 Pleasant Street, Attleboro, MA, United States, 02703 | https://www.sensata.com |
| Delta Electronics Inc DR | View profile | 68000 | No. 186, Ruey Kuang Road, Neihu District, Taipei, Taiwan, 11491 | https://www.deltaww.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Asia Pacific solar microinverter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solar microinverter market will help companies and investors design strategic landscapes.
Single phase was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Asia Pacific solar microinverter market based on single phase covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of solar microinverter market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific solar microinverter market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific solar microinverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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