According to a market report by Lucintel, the future of the global GCC solar microinverter market looks promising with opportunities in the residential and commercial applications. The global GCC solar microinverter market is expected to reach an estimated $20.0 million by 2030 with a CAGR of 14.4% from 2024 to 2030.
The major drivers for this market are significant demand for clean and renewable energy, introduction of solar roof, and increasing use of solar power for residential, commercial, and industrial settings.
A more than 150 – page report is developed to understand trends, opportunity and forecast in GCC solar microinverter to 2030 by type (single phase and three phase), component (hardware and software), connectivity (standalone and on-grid), application (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that single phase is expected to witness highest growth over the forecast period. Within this market, residential is expected to witness highest growth over the forecast period due to rising installation of solar panels in this premise owing to its flexibility and safety aspects.
APAC is expected to witness highest growth over the forecast period due to substantial demand for renewable energy among population of the region.
Emerson Electric, Schneider Electric, Power-One, Sma Solar Type, Co New Energy, Huawei Technologies, Sungrow Power Supply, Power Electronic, ABB, and Sineng are the major suppliers in the GCC solar microinverter market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the GCC solar microinverter market by type, component, connectivity, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global GCC Solar Microinverter Market 2024-2030: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the GCC solar microinverter market by type, component, connectivity, application, and region as follows:

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]