Key Developments

In February 2024, Sparq Systems Inc., a company based in Canada, signed a manufacturing and supply agreement with Jio Things Limited, a leading technology company in India and a subsidiary of Jio Platforms Limited (JPL). This partnership involves working together to develop, produce, and distribute microinverters in India globally. Sparq's advanced microinverter technology will be integrated into Jio Things' solutions worldwide.
In January 2024, Enphase Energy Enphase Energy is a company that specializes in providing solar energy solutions. They offer products such as solar inverters, energy storage systems, and monitoring software to help residential and commercial customers harness solar power efficiently. began delivering its upgraded IQ8 microinverters: the IQ8HC and IQ8X. Both models can generate a peak power output of 384 watts AC and are compatible with solar modules with ratings up to 540 watts DC.
In December 2023, Spitzer Energy, a company known for affordable residential and commercial solar energy solutions, introduced a new range of microinverters. These microinverters have increased AC production capacity, reducing power loss, extending daytime production, and improving DC to AC conversion efficiency.
In May 2022, APsystems is a company that focuses on providing advanced solar microinverter technology. developed a new microinverter with a 97% efficiency and a maximum power output of 2,000 VA, specifically tailored for high-power solar panel systems. The QT2 microinverter achieves an effectiveness rate of 97%, with its notional maximum power point tracker (MPPT) boasting an effectiveness of 99.5%. The microinverter's standard output voltage ranges from 400 to 438 volts, while its configurable power voltage ranges from 277 to 478 volts.

Solar Micro Inverter Market Report Snapshots