Market Overview:
The Europe solar microinverter market size reached US$ 52.8 Million in 2024. Looking forward, IMARC Group expects the market to reach US$ 98.7 Million by 2033, exhibiting a growth rate (CAGR) of 6.98% during 2025-2033.
Report Attribute
|
Key Statistics
|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
|
US$ 52.8 Million |
Market Forecast in 2033
|
US$ 98.7 Million |
Market Growth Rate (2025-2033) |
6.98% |
A solar microinverter refers to an electronic device used in photovoltaic (PV) cells to change the current waveform. It functions in a parallel circuit and is used for changing the direct current (DC) into alternating current (AC). The solar microinverter also separates power output from panels while converting it into grid voltage. It has the ability to maintain a consistent flow of power despite the shading of panels, coupled with its flexibility of design and the capability to maximize the power from solar panels through the use of the Maximum Power Point Tracking (MPPT) technology.
The Europe solar microinverter market is primarily driven by the growing number of solar power plants in the region. The increasing efforts by the European Commission to switch to renewable energy sources instead of fossil fuels are also propelling the market growth. Additionally, the rapid modernization of electricity grids and the implementation of stringent rules and regulations for reducing carbon emissions have led to the growing demand for solar power systems across the region. Besides this, several manufacturers are launching innovative solar microinverters with advanced benefits like high-power density, easy installation and cost-efficiency, which are bolstering the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe solar microinverter market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on connectivity, component, communication channel, type and application.
Breakup by Connectivity:
Breakup by Component:
Breakup by Communication Channel:
Breakup by Type:
Breakup by Application:
- Residential
- Commercial
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
US$ Million |
Segment Coverage |
Connectivity, Component, Communication Channel, Type, Application, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Europe 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 Europe 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 Europe solar microinverter market and who are the key players?
- What is the degree of competition in the industry?