New Outlay of Microinverter Market Profiling Players (SolarEdge Technologies, Enphase Energy, Tigo Energy) with In-Depth Analysis on Recent Trends and Growth Opportunities During 2020-2025

This report provides in depth study of "Microinverter Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Microinverter Market report also provides an in-depth survey of key players in the market organization.

Global Microinverter Market overview:

BusinessIndustryReports have new report spread across 96 pages is an overview of the Global Microinverter Market Report 2020. The Global Microinverter Market is projected to grow at a healthy growth rate from 2020 to 2024 according to new research. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.

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With the slowdown in world economic growth, Microinverter Market is being propelled by the increasing demand for micro-inverter solutions in residential applications and growing awareness due to their inherent benefits, remote monitoring capabilities, and an upsurge in renewable energy investment, along with supportive government initiatives

The Global Microinverter Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Microinverter Market is sub segmented into Standalone, On-grid. Based on End Use Industry segment, the Microinverter Market is sub segmented into Residential, Commercial, Utility.

Some of observe Photovoltaic installations in the residential sector have been rapidly increasing and are projected to continue over the years.� Owing to its features such as great scalability and flexibility, as well as are easy to install as compared to conventional string or central inverter technology, these micro-inverters are well suited in residential solar rooftop PV installations. Moreover, the performance of these systems can be remotely monitored. These factors together propel the growth of rooftop solar panel installations across the world

The Asia-Pacific region is projected to register a highest growth in the market between 2020 and 2024. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness a slow growth during the forecast period due to stringent environment norms in the region. North America held the largest size of the micro-inverter market in 2017. The high number of micro-inverter installations in the region, mainly in the US and Canada, attributes to the dominating position of the region in the market. The US was the first country in terms of wide-scale adoption of micro-inverter technology, especially for residential applications. Asia-Pacific is expected to grow at the highest Compound Annual Growth Rate during the forecast period. Currently, many countries such as China, Japan, India, and Australia are striving to boost their solar PV installation capacity through advanced solar PV systems that could, in turn, enhance electric stability. Asia-Pacific has several operational micro-inverter installations for residential, commercial, and PV power plant applications.

Some of the Microinverter Market manufacturers involved in the market are SolarEdge Technologies, Enphase Energy, Tigo Energy, Altenergy Power System, SunPower Corporation, Ampt, Delta Energy Systems, KACO New Energy, Array Power, Solantro, Alencon Systems, i-Energy Co, Chilicon Power, Petra Systems, Sparq Systems, Acquisitions and effective mergers are some of the strategies adopted by the Microinverter Market manufacturers. New product launches and continuous technological innovations are the Microinverter Market strategies adopted by the major players.

Latest Industry Updates:

A special interest group (SIG), lead by SunPower has been formed with the aim of setting the set protocols and standards needed within the solar industry to enable lower total system costs, an ongoing issue with respect to distributed power control systems (DPCS). SolarBridge Technologies and Tigo Energy have already joined the task force and the group are encouraging others to join.

�As a technology leader, SunPower is pleased to spearhead this much needed leadership, establishing a protocol that will help to drive down total system costs and ensure a level of universal compatibility,� said Jim Pape, SunPower president, residential and commercial business group. �We welcome our founding partners, SolarBridge and Tigo, and look forward to other companies joining this new industry cooperative.

Microinverters and power optimizers are a rapidly emerging market, according to a recent report from IMS Research , the market is could reach US$1.5 billion in revenues over the next five years with device shipments growing 100% per year, totalling more than 16 million units. However, no standards are in-place that help advanced electronics to be integrated into modules, adding development and implementation costs to modules. The new SIG also hopes to set protocols for plug and play criterion for mechanical connections and communications protocols between the solar panels and distributed control systems.

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of HD Map in these regions, from 2013 to 2024 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Table of Contents:

1 Microinverter Definition

2 Global Microinverter Market Major Player Share and Market Overview

3 Major Player Microinverter Business Introduction

4 Global Microinverter Market Segmentation (Region Level)

5 Global Microinverter Market Segmentation (Product Type Level)

6 Global Microinverter Market Segmentation (Industry Level)

7 Global Microinverter Market Segmentation (Channel Level)

8 Microinverter Market Forecast 2020-2024

9 Microinverter Segmentation Type

10 Microinverter Segmentation Industry

11 Microinverter Cost Analysis

12 Conclusion

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