Micro Inverter Market Business Opportunities, Growth Rate, Current Trends, Market Challenges & Industry Analysis by 2022
Swift rise in demand for greater efficiency of solar energy systems and increased application of micro inverters in residential sector, as it is more cost-effective and space efficient, as compared to central and string inverters drives the market growth. However, high initial investment and tough maintenance could restrict the market growth. Moreover, it is anticipated that the rise in electricity demand coupled with increase in government spending & tariffs on photovoltaic technology would spur the global market growth.
Purchase and Enquiry Report: https://www.alliedmarketresearch.com/purchase-enquiry/1702?utm_source=OpenPR
The residential segment accounted for about 77% of the overall micro inverter market in 2014. Highest installation of micro inverters in residential photovoltaic systems led this segment to dominate the overall micro inverter market. However, commercial end user segment would grow significantly and is expected to register a CAGR of 30.3% during the forecast period. This is due to the increase in installation of micro inverters in commercial PV systems worldwide as many renowned companies are launching advanced technology products. Moreover, North America has contributed significantly in the residential sector.
Among various geographical regions, North America has contributed the maximum revenue share in 2014 and is expected to maintain its leading position throughout the forecast period. This could be attributed to varied factors including increase in the electricity demand due to rising population, and increased government initiatives. Moreover, improvement in renewable energy expenditure has boosted the installation of residential micro inverters in Asian countries, particularly in China, Japan, and India.
MLPE technologies such as micro inverters are swiftly gaining acceptance and market share as their costs have come down. In spite of the global dominance of string inverters, over half of all residential solar systems installed in the U.S. currently using micro inverters. In addition, increased power output of micro inverters, cost-effectiveness and enhanced safety features would fuel the micro inverter market growth in both residential and commercial sector globally. Japan, representing a significant residential market potential, is expected to provide lucrative growth opportunities for top global micro inverter manufacturers in Asia-Pacific market, states Rakesh Singh, Manager, Research, Semiconductor & Electronics at AMR.
Request Sample Copy: https://www.alliedmarketresearch.com/request-sample/1702?utm_source=OpenPR
However, Asia-Pacific is projected to be the fastest growing region throughout the analysis period. Since, Japan has the highest demand for residential sector power plant PV installation due to government incentives and limited supply of micro inverters in Japan. Moreover, enhancement in solar plant installation capacity and increase in expenditures in the emerging markets (such as China and India) to satisfy the exponentially growing electricity needs in these countries have strengthened the market growth. Technological advancements for cost-effective inverter technologies in these nations offer a lucrative opportunity for the micro inverter market growth.
Micro Inverter Market Key findings of the study:
• In 2014, single phase micro inverter type led the overall micro inverter market revenue, but it is projected to grow at a CAGR of 26.2% during the forecast period
• Residential segment is expected to exhibit rapid growth, owing to the rising government tariffs and incentives
• Presently, North America leads the world micro inverter market and it is expected to continue this trend throughout the forecast period owing to the swift rise in electricity demand from countries such as U.S., Canada, and Mexico
• Japan leads the overall Asia-Pacific micro inverter market with about one-third of the market shares in the region
The key players in the micro inverter market are dedicated to expand their business operations in emerging countries with acquisition and product launch as a preferred strategy. The major players profiled in this report include Enphase Energy, Inc., ABB Group, SunPower Corporation, SMA Solar Technology AG, Delta Energy Systems GmbH, SolarEdge Technologies, Inc., ReneSola, Siemens AG, P&P Energy Technology Co., Ltd., and Involar.
View Full Report Copy: https://www.alliedmarketresearch.com/micro-inverter-market?utm_source=OpenPR
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Micro Inverter Market Business Opportunities, Growth Rate, Current Trends, Market Challenges & Industry Analysis by 2022 here
News-ID: 1559730 • Views: 262
More Releases from Allied Market Research
Cell Therapy Market Size to Exceed USD 48.11 Billion by 2027
The cell therapy market was estimated at $7.75 Billion in 2019, and is expected to hit $48.11 billion by 2027, registering a CAGR of 25.6% from 2020 to 2027. The Cell Therapy Market has gained immense popularity globally due to the advent of techniques like stem cell therapy, CAR-T cell therapy, and cord blood cell therapy. Each of the therapies has gained traction owing to their extensive application in cancer
Home Care Monitoring and Diagnostics Market to See Extensive Worldwide Growth
Global Home Care Monitoring and Diagnostics Market report it provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consists of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables). According to a new report published by Allied Market Research, titled, “Home Care Monitoring and Diagnostics Market by Product
Neuropeptide Y Receptor Market to Obtain Awesome Hike in Revenues
Global Neuropeptide Y Receptor Market report it provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consists of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables). According to a new report published by Allied Market Research, titled, “Neuropeptide Y Receptor Market by Product (Food Grade and Pharmaceutical
Infused Dried Fruits Market Size is Set for Rapid Growth and Industry Trend by 2 …
Infused dried fruits are infused with fruit sugar solution through osmotic pressure and dried at 60°C temperature. These fruits have low calories and have low added sugar. The infused dried fruit companies have to follow standards like HACCP, BRC, IFS, and ISO22000. The infused dried fruits are vegan products that have high vitamin C, and are gluten and GMO-free. These products are also suitable for diabetics because they do not
More Releases for Micro
Jeol starts micro sessions
Live slots, remote demos or on-demand webinars, as a manufacturer of high-tech electron microscopes and analytical systems for research and industry, JEOL is increasing its focus on digital networking now. On July 17th, 2020, JEOL Germany is launching its new digital series “Micro Sessions” in English, in which current research topics and system demonstrations will be broadcasted live from the demo laboratory at the German location in Freising to the
Global Micro Scales Market Research
Global Micro Scales Market Research Micro Scales advertise is foreseen to develop at a CAGR of XX% by 2023, as per another Global Micro Scales Market Research report distributed by Research Vector Inc. The report fragments the market and gauges its size, by volume and esteem, based on application, side-effects, and by geology (North America, Europe, Asia-Pacific, MEA and South America). The Global Market for Micro Scales to 2023 offers
Global Micro Welding Equipment Market 2018 | Pro-Fusion, OR Laser, Micro Product …
This report studies the global Micro Welding Equipment market status and forecast, categorizes the global Micro Welding Equipment market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa). . . – Get Sample Report_https://www.researchmoz.us/enquiry.php?type=S&repid=1844824 ' ' The global Micro Welding Equipment market is valued
Micro Inverter Market
Global Micro Inverter Market would reach $2.7 billion by 2022. In 2014, North America dominated the market and contributed about 45% share of the overall market revenue, followed by Europe, according to a new report published by Allied Market Research.The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth. Swift rise in demand for greater efficiency of
2017 - 2020: Small Animal Imaging Global Market (Micro-CT, Micro-MRI, Micro-PET/ …
ResearchMoz presents this most up-to-date research on "2017 - 2020: Small Animal Imaging Global Market (Micro-CT, Micro-MRI, Micro-PET/SPECT, Multimodal, Micro-Ultrasound and Micro-PAT)". Small animal imaging technology has marked itself as the most useful tool in preclinical research globally. The technology has proved to be of great importance in developmental biology studies and drug development research programs. Being non-invasive, longitudinal studies are possible with accurate and detailed analysis. The global small animal
What is Scalp Micro Pigmentation?
Micro Scalp Pigmentation also know as Scalp Micro Pigmentation which is offered by Phuket Hair Clinic in Thailand. This procedure is ideal for people wanting a long term hair loss solution and having a lovely holiday on the island of Phuket at the same time. Micro Scalp Pigmentation is a method of depositing pigment into the dermal layer of the skin on the scalp, which replicates hair follicles. When viewed from