Press release
Solar Micro Inverters Market Growth Factors, Applications, Regional Analysis, Key Players(Enphase Energy Inc., SolarEdge Technologies, Inc., ABB Ltd, SMA Solar Technology AG, SunPower Corporation, Altenergy Power System Inc., Darfon Electronics Corp., Nor
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Geographically, North America has been the largest market for solar micro inverters, where the U.S. has been the largest contributor to the regional market. Japan is the major market in the Asia-Pacific region, whereas in Europe, Germany generates highest revenue. GCC is the largest market in Middle East and Africa, while Chile emanates the highest demand in South America.
The penetration of micro inverters in the global market is expected to increase during the forecast period on account of their optimal performance, comparatively more power output in comparison to conventional systems and continuous R&D efforts taken up by manufacturers in refining the micro inverter technology.
The factors driving the growth of the market include growing awareness towards the use of renewable energy sources across the world have led to the large-scale adoption of solar photovoltaic (PV) installations.
The rising affordability of energy storage devices creates ample opportunities for the market. Analysts observed that the rising affordability of energy storage devices for solar power systems is expected to benefit the vendors of micro inverters to a significant level during the forecast period.
Read Summary of Report At :: https://www.psmarketresearch.com/market-analysis/solar-micro-inverters-market
The research states that the global solar micro inverters market is dominated by major players along with the presence of small scale manufacturers. Some of the key players in the global market include Enphase Energy Inc., SolarEdge Technologies, Inc., ABB Ltd, SMA Solar Technology AG, SunPower Corporation, Altenergy Power System Inc., Darfon Electronics Corp., Northern Electric & Power Co. Ltd, Sparq Systems, Inc. and Chilicon Power, LLC.
GLOBAL SOLAR MICRO INVERTERS MARKET SEGMENTATION
By System Type
Stand-Alone
Integrated
By End Use
Residential
Commercial
Utilities
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Chile
Brazil
Rest of South America
About P&S Intelligence
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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