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Solar Microinverter Market Report with Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2027
The Solar Microinverter Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Solar Microinverter market growth.The Global Solar Microinverter Market Size is Projected to Reach at a CAGR of 29% during 2022-2027.
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Solar Micro Inverter Market: Overview
The Solar Micro Inverter market has made strides on the back of rising solar installations around the world, particularly home installations. A substantial decline in the cost of solar photovoltaic installations has allowed cost-sensitive markets to increase the share of solar power in the overall energy mix. Solar Micro Inverters have emerged as technological advancement over conventional inverters, due to the use of module-level power electronics in the former. This has also led to solar PV capacity expansions especially among residential users, propelling the expansion of avenues for players in the Solar Micro Inverter market. Growing installation of home solar panels is a key trend that has favorably impacted the demand for Solar Micro Inverter market. The growing adoption of renewable energy generation and use have boosted the growth of the Solar Micro Inverter market. Technologies in the market are also gathering steam due to their modular function, making them more reliable than conventional systems.
Top Leading Companies:
Armstrong, Bonie, LG Hausys, Gerflor, Forbo, Mohawk(including IVC), Mannington, Tarkett, Polyflor, HANWHA, Lonseal, Congoleum, Novalis, Karndean, Shaw Industries, CFL Flooring, Beaulieu, NOX, Lonseal, Metroflor, Milliken, Snmo LVT
Recent Developments
In June 2020, Enphase Energy partnered with Australia-based Excel Power. Under this partnership, Excel Power installed a 50 kW Enphase micro-inverter based system for Wippells Autos, a Jaguar and Land Rover dealer based in Toowoomba City, Queensland (Australia).
In January 2020, Enphase Energy collaborated with Netherlands-based Teslandi.pro for a commercial project. The commercial solar division of Teslandi.pro was chosen by a sustainable building developer, E-Unit, for deploying a 780 kW solar energy system for its new 42-unit building in Arnhem (Netherlands). This commercial solar system comprises 2,600 Enphase IQ 7+ micro-inverters.
In February 2019, Envertech introduced EnverView 2.0, an upgraded version of its smart monitoring application, for the IOS App Store, as well as the Android Play Store. This new version has more enhanced operational functions and user interfaces than the previous one
Solar Microinverter Market Segmentation by Type:
Grid-Connected Solar Microinverter
Grid-Off Solar Microinverter
Solar Microinverter Market Segmentation by Application:
Residential
Commercial
Other
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The Asia Pacific and North America Dominates the Market
The Asia Pacific and North America have been lucrative Solar Micro Inverter markets. The rapid revenue generation over the past few years can be attributed largely to the mass-scale installation of solar PV systems. A rise in adoption of rooftop installations is bolstering the prospects in Asian countries. Growing awareness of the advanced features in micro-inverters has propelled users in cost-sensitive markets to deploy technologies available in the market.
Regional Solar Microinverter Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Solar Microinverter Market Report:
Detailed overview of Solar Microinverter Market
Changing the Solar Microinverter market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Solar Microinverter market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Solar Microinverter Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Solar Microinverter Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Solar Microinverter industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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