Press release
Global Solar Micro Inverter Market 2020–Global Industry Analysis, Trends, Market Demand, Growth, Size, Share, Opportunities and Forecast to 2027
Solar micro inverter is a type of plug- and-play equipment which is used in photovoltaic installations that converts direct current generated by a single module to alternating current. Rise in preference of customers towards more efficient system is fuelling the demand for solar micro inverter which expected to grow the market in near future.Increase in installation of solar products like solar panels are expected to propel the global solar micro inverter market growth. Furthermore, lucrative advantages provided over conventional solar inverters will have the positive impact on market growth. Solar micro inverter offers numerous advantages over conventional central and string inverters including high energy yield, longer life cycles, enhanced safety, better flexibility, simplicity, and no single point of failure. These prime factors have raised the adoption of solar micro inverters in photovoltaic industry and which is expected to drive the market growth during this analysis period.
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However, rise of power optimizers which provide similar benefits to that of solar micro inverter. It is major restraining factor which is expected to hinder the global solar micro inverter market growth. Also, increase in adoption of DC optimizer will obstruct the market growth.
Market Segmentation
Global Solar Micro Inverter Market is segmented into connectivity such as On-Grid, and Standalone. Further, market is segmented into applications such as Commercial, Utility, and Residential.
Also, Global Solar Micro Inverter Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as ABB Ltd., SMA Solar Technology AG, Altenergy Power Systems Inc., Enphase Energy Inc., SunPower Corporations, Darfon Electronics Corporation, Northern Electric and Power Co. Ltd., Sparq Systems, and Chilicon Power,LLC
Market Taxonomy
By Connectivity
• On-Grid
• Standalone
By Application
• Commercial
• Utility
• Residential
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Vishal Thakur
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QualiKet Research
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Website: https://qualiketresearch.com
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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