Solar Microinverter and Power Optimizer Market Size

Solar Microinverter and Power Optimizer Market size was over USD 4.85 billion in 2024 and is projected to reach USD 24.31 billion by 2037, growing at around 13.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of solar microinverter and power optimizer is assessed at USD 5.36 billion.

This sector expansion is poised to surge on account of the rising capacity of solar products.  According to the Environmental Impact Assessment estimations, solar PV generation upsurged by about 270 TWh which makes up to 26%, in the year 2022, stretching out to at most 1300 TWh.