Micro-Inverter Market Sales, Production, Recent Advancements, Trends, and Business Outlook 2021-2026: Enphase Energy Inc., Altenergy Power System Inc, Sunpower Corporation, Siemens AG
The report provides a strategic analysis of the Global Micro-Inverter market and the growth estimates for the forecast period 2021 to 2026. The report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. This report focuses on the major drivers, restraints, opportunities, and threats for key players. Also report focuses on Plastic Tubes Market Trends, volume, and value at the global level, regional level, and company level.
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The Micro Inverter Market is expected to register a CAGR of 20.8% during the forecast period of 2021 - 2026.
Top companies operating in the Global Micro-Inverter market profiled in the report are: Enphase Energy Inc., Altenergy Power System Inc, Sunpower Corporation, Siemens AG, Zhejiang Envertech Corporation Limited, ReneSolaPower, Darfon Electronics Corp., AEconversion GmbH & Co. KG, SMA Solar Technology AG, Sparq Systems, Omnik New Energy, Sensata Technologies Inc., EnluxSolar Co. Ltd., ABB, Delta Energy Systems, SolarEdge Technologies Inc.
Key Market Trends
Residential Segment to Drive the Market Growth
- The increasing adoption of solar photovoltaic in the residential sector is primarily driven by expected savings in electricity costs, the need for an alternative source of electricity, and the desire to mitigate climate change risk.Therefore, boosting the growth opportunities for micro inverter market.
- During the forecast period, the share of the rooftop solar PV is expected to increase, on account of decreasing solar PV costs, supportive government policies for residential solar PV, FIT programs and incentives, and targets set by various governments for solar energy are some of the key factors that are driving the micro inverter market.
- The cost reductions are driven by continuous technological improvements, including higher solar PV module efficiencies. The industrialization of these highly modular technologies has yielded impressive benefits, from economies of scale and greater competition to improved manufacturing processes and competitive supply chains which further accelerate the growth of micro inverter market.
- In April 2020 - Power electronics researchers from Estonia�s TalTech Power Electronics Research Group and startup Ubik Solutions have developed a hybrid inverter solution that integrates a microinverter and power optimizer.The developers claim that the new solution can provide 30% more power than traditional microinverters under partially shaded conditions.
- In Feb 2020 - Enphase Energy collaborated with CREATON GmbH, one of the leading residential roof manufacturers in Europe, to deliver photovoltaic (PV) in-roof systems to residential solar customers throughout Germany.
Regional Analysis For Micro-Inverter Market:
North America, Latin America, Asia-Pacific, Africa, and Europe and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users. The global Micro-Inverter Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.
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MAJOR POINTS COVERED IN TOC:
Overview: Along with a broad overview of the global Micro-Inverter market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
Analysis on Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Micro-Inverter market.
Study on Key Market Trends: This section of the report offers a deeper analysis of the latest and future trends of the Micro-Inverter market.
Market Forecasts: Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Micro-Inverter market.
Regional Growth Analysis: All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
Market Analysis: The report provides accurate and reliable forecasts of the market share of important segments of the Micro-Inverter market. Market participants can use this analysis to make strategic investments in key growth pockets of the Micro-Inverter market.
Micro-Inverter Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Micro-Inverter Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage share, split, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
We also offer customization on reports based on specific client requirement:
1- Free Country level analysis for any 5 countries of your choice.
2- Free Competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points
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