Published Date : July, 2020   |   Report ID : 1012318   |   Report Format : PDF   |   Delivery Time : 48-72 Business Hours   |   Category : Energy & Power

Analyzing Impact of COVID-19 on Solar Microinverter and Power Optimizer Market

Evaluating Financial Stability During & Post Pandemic

We understand the intense effect of the coronavirus on numerous businesses across the globe, affecting the opportunities, marketing strategies, and pricing models, that are further affecting the growth of the businesses worldwide. We provide updated pointers in this economic pandemic to help the conglomerates to sustain in these uncertain and challenging times and ensure that they take affirmative business decisions. Know More


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Introduction and Overview

The rapid growth in industrial and residential sector leading to huge demand for electricity is driving the growth of the global Solar Microinverter and Power Optimizer market. According to International Energy Agency (IEA), the energy consumption around the globe grew by 2.3% in 2018, which was almost twice the average growth rate observed since 2010. This can be attributed to growing global economy along with rising demand of cooling and heating due to climate change across the world. The highest amount of energy is consumed by the industrial segment around the globe. 8945 TWh of energy was consumed by the industry segment in 2017 as compared to 8699 TWh during 2016. The second major sector to consume highest amount of electricity is the residential sector with 5775 TWh of energy consumption in 2017 to that of 5680 TWh in 2016. Similarly, commercial and public services consumed 4637 TWh, transport segment with 364 TWh, whereas, the other sectors consumed 1651 TWh collectively during 2017. With growing amount of energy consumption, the CO2 emissions pertaining to energy production grew by 1.7% to 33 Gigatonnes during 2018. The majority of the emissions were emitted by coal power generation plants, contributing to 30% of the total energy-related CO2 emissions. This has driven many regulatory authorities to induce numerous policies and regulations in order to reduce carbon emissions. Our report on the global Solar Microinverter and Power Optimizer market includes energy trends assessing the overall energy system amidst rising uncertainties and implementation of renewables owing to increasing demand for clean, sustainable and environment-friendly form of energy generation across all regions of the world. The global Solar Microinverter and Power Optimizer market is estimated to observe significant Y-O-Y growth rate in 2027 as compared to this year.


Our report on the global Solar Microinverter and Power Optimizer market comprises of in-depth assessment of market size (both by value and volume) and segmentation along with quantitative and qualitative analysis to identify future market position in the next 6-7 years. Apart from laying down notable business opportunities, the report includes recent trends, competitive analysis to understand market strategies adopted by different manufacturers, and growth drivers and challenges that are impacting the growth of the market. Moreover, multi-dimensional analysis of the Solar Microinverter and Power Optimizer market is carried out by implementing PESTEL and SWOT analysis.

Top Macro-Economic Indicators Impacting the Growth:


In 2018, around 70% of the total energy demand was driven by China, United States and India altogether. Changing weather conditions leading to growing need for cooling and heating in some regions has resulted in an increase of 2.3% in overall energy demand across the world in the same year. With 10% of increase in gas consumption from 2017, the United States witnessed highest demand of oil and gas around the globe during 2018. The total electricity consumption in the United States was 3738 TWh, whereas, the highest was recorded in China with 5537 TWh in 2017. Since 2010, the global demand for gas observed Y-O-Y growth rate of 4.6%, whereas, demand for oil grew 1.3% and coal consumption witnessed 0.7% growth.



The contribution of natural gas and renewables in transforming the worldwide energy sector is impacting the growth of the global Solar Microinverter and Power Optimizer market. Additionally, the electricity trade between the neighbouring countries is becoming common since past few years. The notable trade is witnessed in OECD Europe, where electricity imports grew from 406 TWh in 2016 to 408 TWh in 2017. In the same year, China, India, Russia and Brazil were the four leading electricity consumers in non-OECD category with a total contribution of 37.2%, out of which, China recorded the highest share of 46.7% of the overall non-OECD consumption. The total electricity consumption in non-OECD countries was 4.6% higher (11854 TWh), whereas, OECD countries witnessed an increase of 0.2% (9518 TWh) in 2017 as compared to 2016.

Export and Import Scenario by Regions, (USD Thousands), 2017

Geographic Overview

A separate section in the report highlights regional scenario in market which includes North America (further segregated into U.S. and Canada).


The report further includes a section on European region which is further segmented on a country/regional level including Germany, U.K., France, Italy, Spain, BENELUX, Netherlands, NORDIC, Poland, Hungary, Russia, Turkey, and Rest of Europe.


In the Asia Pacific Solar Microinverter and Power Optimizer market, the report studies China, India, South Korea, Indonesia, Malaysia, Japan, Australia, New Zealand and Rest of Asia Pacific. In the Latin America section, an in-depth analysis on Mexico, Brazil, Argentina and Rest of Latin America is covered. Middle East and Africa region have been further identified for the Solar Microinverter and Power Optimizer market demand and segregated into Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East and Africa.

Competitive Landscape

A complete section on competitive landscape provides an understanding of the companies in current strategic report based upon various parameters which includes overview of the company, business strategy, major product offerings, key performance indicators, risk analysis, recent development, regional presence and SWOT analysis. There is a separate section which has been provided on the market share of key players in this market, as well as the competitive positioning of the players.


Key Topic Covered

  • Market Size, Demand, Y-o-Y Growth Comparison
  • Market Segmentation Analysis
  • Market Segmentation Analysis by Geography
    • North America (U.S. and Canada)
    • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
    • Europe (Germany, France, UK, Spain, Italy, BENELUX, NORDIC, Russia, Poland, Turkey, Hungary, Rest of Europe)
    • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
    • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa)
  • Absolute $ Opportunity
  • Regional Average Pricing Analysis
  • Demand and Supply Risk
  • Regulatory Landscape
  • Regression and Correlation Analysis
  • Porters Five Force Model
  • Market Dynamics
    • Growth Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Economy Side Drivers
    • Challenges
    • Trends
    • Opportunities
  • Macro-economic Indicators impacting the growth of the market
  • Competitive Landscape
    • Market Share of the companies
    • Competitive Positioning of the companies
    • Overview of the companies
    • Key Product Offerings
    • Business Strategies
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • SWOT Analysis
    • Recent Developments
    • Regional Presence

Major Target Audience for this report:


  • Manufacturers of the product
  • Suppliers of raw materials
  • Distributors
  • Strategic and management consulting firms
  • Investors
  • Investment banks
  • Various regulatory and Government bodies
  • Industrial Associations
  • Research Organizations and institutes
  • Organizations, alliances and forums related to this market

Crucial Questions Answered in this report:


  • How the market is going to be impacted based upon the macroeconomic indicators?
  • What are the various opportunities in this market?
  • Which segment and which country has the fastest growth?
  • Complete analysis of the competitive landscape
  • Where the maximum opportunity lies in terms of further investments by region?
  • Potential countries for investment

Scope for the Customization:


We are open for the customization of this report for our client.

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