Micro-Inverter Market Development of New Products to Boost Demand By Dominated Players ABB, Delta Energy Systems, and SolarEdge Technologies Inc. and others
Micro-Inverter Market is expected to grow from its initial estimated value of USD 2.60 billion in 2018 to an estimated value of USD 10.28 billion by 2026, registering a CAGR of 18.75% in the forecast period of 2019-2026.
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Market Drivers and Restraints:
• Rise in benefits and awareness about the renewable energy sources along with increased adoption is expected to drive the market growth
• Cost-effectiveness and increased developments of these products increasing their technological capabilities is expected to drive the market growth
• High installation and maintenance costs of these inverters is expected to act as a restraint to the market growth
• Structural and system collapse with high levels of competition from conventional inverter technologies is also expected to act as a restraint to the market growth
Few of the major competitors currently working in the micro-inverter market are Enphase Energy Inc., Altenergy Power System Inc., SunPower Corporation, Siemens AG, Zhejiang Envertech Corporation Limited, Renesola, Darfon Electronics Corp., AEconversion GmbH & Co. KG., SMA Solar Technology AG, Sparq Systems, and others
• By Component (Hardware, Software, Services),
• By Type (Single Phase, Three Phase),
• By Communication Technology (Wired, Wireless),
• By Connection (Stand-Alone, Grid-Connected),
• By Sales Channel (Direct, Indirect), By Application (Residential, Commercial, PV Power Plant),
• Based on the geography (North America, South America, Asia and Pacific region, Middle east and Africa, Europe)
The global micro-inverter market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of micro-inverter market for global, Europe, North America, Asia Pacific and South America.
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
Potential Held by the Report:
• Recent industry trends and developments
• Market Penetration: Comprehensive information on the product portfolios of the top players in the trocars market
• To gain insightful analyses of the market and have a comprehensive understanding of the “Micro-Inverter Market” and its commercial landscape
• To understand the future outlook and prospects for market analysis and forecast 2019-2026.
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
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