Solar Microinverter and Power Optimizer Market Statistics, Segment, Trends and Forecast to 2032

The global solar microinverter and power optimizer market size was estimated at USD 959.9 million in 2021 and is expected to surpass around USD 2,181 million by 2030 and recording at a notable CAGR of 9.55% during the projected timeframe of 2022 to 2030.

Analytics Market Research has added a new key research reports covering Solar Microinverter and Power Optimizer market. The study aims to provide global investors with a game-changing decision making tool covering key fundamentals of the Solar Microinverter and Power Optimizer market. The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Solar Microinverter and Power Optimizer market. The research report relies on global governing bodies as primary sources of data, with independent analysis of the forecast, and objective estimations of the growth.

The Solar Microinverter and Power Optimizer research report will also study market share for major stakeholders in their global capacity as transformers of the global scale. This qualitative and quantitative analysis will include key product offerings, key differentiators, revenue share, market size, market status, and strategies. The report will also cover key agreements, collaborations, and global partnership soon to change dynamics of the market on a global scale.

Solar microinverters and power optimizers can be useful for solar PV systems, although they operate in different ways. When more than one of the system's panels is shaded, both systems, which are embedded within solar panels, allow PV cells to function at their peak levels. The primary distinction between the two is that while power optimizers are used to change a solar panel's performance via maximum power point tracking, which is primarily a method to condition a DC current created by the PV cells before actually sending it to a central inverter, microinverters directly convert the DC current generated by solar panels into the AC current that can be used by home appliances.

Throughout the projection period, it is anticipated that high adoption rates of clean energy technologies, such as PV systems, among residential and commercial end users will grow the market share of solar microinverters and power optimizers. The federal government of the United States established the Solar Investment Tax Credit (ITC) program, which offers a 30 percent tax credit for the installation of PV systems in both residential and commercial facilities. The market for solar microinverters and power optimizers will be propelled by developments in the power harvesting sector as well as declining component costs.

To increase PV design efficiency and, as a result, increase the end user's total return on investment, businesses like Solar Bridge and Tigon are working to develop integrated module smart technology inverters. Due in major part to the significant cost reduction of microinverters and power optimizers as well as manufacturers' continued efforts to develop and improve the technologies, the market, which is already growing, will continue to expand over the length of the report's forecast period.

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Solar Microinverter and Power Optimizer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Market Segmentation
Global Solar Microinverter and Power Optimizer Market: Major Players
Enphase Energy
Array Power
SolarEdge Technologies
Altenergy Power System
Tigo Energy
Solantro
KACO New Energy
Ampt
SunPower Corporation
Delta Energy Systems

Global Solar Microinverter and Power Optimizer Market: Types
Solar Microinverter
Power Optimizer

Global Solar Microinverter and Power Optimizer Market: Applications
Residential
Commercial
Utility

Global Solar Microinverter and Power Optimizer Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Solar Microinverter and Power Optimizer market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Points:

Define, describe and forecast Solar Microinverter and Power Optimizer product market by type, application, end user and region.

Provide enterprise external environment analysis and PEST analysis.

Provide strategies for company to deal with the impact of COVID-19.

Provide market dynamic analysis, including market driving factors, market development constraints.

Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.

Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.

Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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