Press release
Solar Micro Inverters Market Insights, Forecast to 2025
Solar Micro Inverters
Solar microinverters are small devices installed on solar panels that convert the DC output of a photovoltaic (PV) panel into AC. These inverters use maximum power point tracking (MPPT) to get maximum power from the PV array.
The residential segment accounted for the major share of the solar power inverter market during 2017. The dominance of this segment is due to the increased demand and sales volume. Our analysts predicted that this segment will continue to lead the market and account for the largest share by 2025.
Our analysts have predicted that in terms of geographic regions, the solar power inverter market will witness considerable growth in the Americas during the next few years. This region will be the major contributor to the growth of the market share due to the growing demand for power and the rising installation of solar energy systems.
The Solar Micro Inverters market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Solar Micro Inverters.
The following manufacturers are covered in this report:
ABB
SMA Solar Technology
SolarEdge Technologies
Chilicon Power
Enphase Energy
Renesola
Solar Micro Inverters Breakdown Data by Type
Grid-Connected Solar Micro Inverter
Grid-Off Solar Micro Inverter
Solar Micro Inverters Breakdown Data by Application
Residential
Non-residential
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Solar Micro Inverters Production by Region
United States
Europe
China
Japan
Other Regions
The study objectives are:
To analyze and research the global Solar Micro Inverters status and future forecast?involving, production, revenue, consumption, historical and forecast.
To present the key Solar Micro Inverters manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Solar Micro Inverters :
History Year: 2013 – 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 – 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Solar Micro Inverters market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Questions Answered in this report:
What will the Solar Micro Inverters Market the growth rate be in 2025?
What are the key factors driving the Global Solar Micro Inverters Market with a focus on the Global market?
What are the key market trends in Solar Micro Inverters Market?
What are the challenges to Global Solar Micro Inverters Market?
What are the market opportunities and threats faced by the vendors in the Global Solar Micro Inverters Market?
What are the key outcomes of the five forces analysis of Solar Micro Inverters?
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The market research reports showcased on 24Market Reports, are a mode of gaining insights into emerging opportunities, new market trends, and potential threats of a market, which are key analytical elements before penetrating a new market in order to win a competitive edge over new entrants in a particular market. Reports at 24Market Reports provide the overall superficial view of market statistics, market forecasts, competitive scenario, regional segmentation, product-wise segmentation, market scope and expert recommendations for specific markets.
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