Micro Inverter Market Share

Market Share of Micro Inverter Industry

The micro-inverter market is highly fragmented, and the major players such as Enphase Energy Inc., Altenergy Power System Inc., DARFON, ABB Ltd, and Siemens AG, among others. These market players are using strategies such as new product launches, expansions, partnerships, acquisitions, and others to increase their footprints in this market.

• April 2022 - Yotta Energy announced obtaining USD 3.5 million in new capital, bringing its total Series A funding to USD 16.5 Million. Yotta's total funding is now over USD 25.5 million due to the current funding round and award.
• October 2021 - Enphase Energy, Inc., the world's premier microinverter-based solar and battery system manufacturer, unveiled the Enphase Energy System with IQ8TM solar microinverters for clients in North America. IQ8 is Enphase's most advanced microinverter to date. Unlike rival gadgets, IQ8 can build a microgrid using sunlight throughout a power outage, delivering backup energy without a battery.

Micro Inverter Market Leaders

1. Enphase Energy Inc.

2. Altenergy Power System Inc.

3. Siemens AG

4. ABB Group

5. DARFON

*Disclaimer: Major Players sorted in no particular order