The global Micro Inverter Market size was valued at USD 2.5 billion in 2020 and is projected to reach USD 6.5 billion by 2025; it is expected to grow at a CAGR of 20.8% from 2020 to 2025. The key factors fueling the growth of this market include increasing demand for micro-inverter solutions in residential applications, growing visibility regarding the inherent benefits offered by them, such as remote monitoring capabilities, upsurge in renewable energy investment, and government initiatives encouraging the adoption of renewable energy. These inverters are often installed separately on each solar panel to convert DC power to AC power at the device power source. In addition, a micro inverter is easy to install and has simpler operations, compared to string inverters and central inverters.
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