Who is the largest microinverter company | Growth Forecast & Trends 2025

Who is the largest microinverter company?

This growth is the result of increased adoption of residential solar rooftop systems, increased adoption of module-level power electronics (MLPE), and government subsidies supporting renewable energy implementation. With their ability to optimize energy output at the panel level and mitigate shading issues, microinverters are gaining traction over traditional string inverters. Technological innovations such as integrated energy storage, improved reliability, and real-time monitoring are further fueling market expansion. Furthermore, the increasing number of solar PV installations in North America, Europe, and Asia-Pacific is providing favorable conditions for manufacturers.

List of the largest microinverter company

1. APsystems

APsystems is a leading supplier of multi phase microinverters. Known for high-output models and MLPE solutions, it commands ~15 % global market share and shipped over 3 million units in 2023.

2. SolarEdge Technologies

While best known for optimizers, SolarEdge also offers microinverters and module-level power electronics, controls, and storage, holding about 20 % global micro segment share.

3. Hoymiles Power Electronics

Hoymiles surged by focusing on cost-effective, efficient micros, offering 1 to 4 panel models. The company dominates certain APAC and EU regions and is regarded for high power density products.

4. Chilicon Power

Chilicon delivers high-performance micros with grid-support, rapid shutdown, and intelligent monitoring, targeted at residential and small commercial segments.

5. SMA Solar Technology (Sunny Boy series)

A global solar inverter leader, SMA’s Sunny Boy line also includes microinverters and MLPE systems, holding about 12% of Europe’s microinverter market.

6. Fronius International

Fronius is well-known for SMA's AC modules and hybrid inverters. It has major microinverter presence in Latin America (~25% market share in Brazil).

7. Enphase Energy

Enphase pioneered and dominates global residential microinverter technology. With over 48 million units shipped across 2.5 million installations in 140+ countries, it holds 50 %+ market share in U.S. residential markets.

8. Deye Inverter Technology

Deye offers a full microinverter line (300 W–2000 W) for residential and commercial applications. Its products are recognized for robustness, flexibility, and satisfying global safety certifications.

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