Press release
Micro-Inverter Market is Booming Worldwide | Enphase Energy Inc., Altenergy Power System Inc., SunPower Corporation, Siemens AG and More
Micro-Inverter Market
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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Microi inverters are an innovative technology that acts just like a basic conventional inverter which is used to convert direct current (DC) into alternate current (AC) from the energy stored inside the solar panels. These inverters regulate and alternate the current for the usage of energy in small electronic devices. The rise in usage of photovoltaic power (PV) systems has raised the demand for these inverters significantly.
Major Drivers and Restraints of the Micro-Inverter Market:
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
Regional Segments Analysis:
The Middle East and Africa(GCC Countries and Egypt)
North America(the United States, Mexico, and Canada)
South America(Brazil etc.)
Europe(Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Detailed report Available at https://www.databridgemarketresearch.com/toc/?dbmr=global-micro-inverter-market&yog
Micro-Inverter Market Research Methodology
Data Bridge Market Research presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.
Key Micro-Inverter Market Players Analysis-:
The study given in this section offers details of key market players. It likewise clarifies the marketing strategies adopted by these players as well as portrays their shareholdings in the global market.
Details of Few Key Market Players are Given Here- 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, Omnik New Energy, Sensata Technologies Inc., EnluxSolar Co. Ltd., U R Energy, Samil Power Co. Ltd., ABB, Delta Energy Systems, and SolarEdge Technologies Inc.
Table of Contents
Introduction
Market Segmentation
Market Overview
Executive Summary
Premium Insights
Global, By Component
Product Type
Delivery
Industry Type
Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
Company Landscape
Company Profiles
Related Reports
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About Data Bridge Market Research
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