openPR Logo
Press release

APAC Solar Micro Inverters Market Volume Analysis, Segments, Value Share and Key Trends 2014-2020

12-27-2016 08:15 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

APAC Solar Micro Inverters Market Volume Analysis, Segments,

The first commercially successful micro inverter was launched by Enphase in 2008, which played a key role in popularising solar micro inverters globally. Currently, the global market comprises numerous domestic as well as international players supplying quality micro inverters.

Modularity, safety, and maximum energy harvest will continue to drive the market at a considerable pace through 2020. Till recent years, the demand for micro inverters was highly restricted to North America. However, the market is gradually shifting toward commercial applications, and witnessing expansion in most of the developed as well as developing regions outside the U.S.

Adoption of solar micro inverters has gained momentum in the recent past, resulting in a growing market in developing nations, including Asia Pacific. Improved device features and enhanced efficiency are currently pushing the market in APAC, which is projected to continue in the near future as well, creating a lucrative market for micro inverters on a global level.

Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-ap-278

APAC Solar Micro Inverters Market: Key Drivers

Declining Prices to Push Demand

The market is currently growing at a considerable pace. Persistent advances in R&D of solar micro inverters and substantial reduction in costs of micro inverters are estimated to boost the market during the forecast period.

Size and Modularity to Impact Maximum Applications

Compact size and high modularity of solar micro inverters make them ideal for residential applications. These two are the key drivers why micro inverters are currently gaining an impetus at a global level.

Superiority over Conventional Inverters is a Key Driver

Solar micro inverters are superior over conventional centralised or string inverters in various ways.

Unlike string inverters, micro inverters are tolerant to shade and do not let the power generation performance of individual solar panels drop, even if the area surrounding them is shady. This character is identified as one of the key factors positively influencing the demand for micro inverters when it comes to their efficiency.
Contrary to centralised inverters, solar micro inverters are compact in size and do not need separate air cooling, resulting in lesser heat loss. This is another factor fuelling the demand for micro inverters in the market.
Moreover, a broken string or centralised inverter faces halted performance merely due to a defect in one panel, whereas a defective panel in a micro inverter does not degrade the performance of the entire system because the system architecture allows individual panel monitoring. The maximum power is generated through MPPT. This has been an important driver in popularising micro inverters over the years.

Higher Costs Can Create Challenges

However, relatively higher initial costs associated with installation and replacement of micro inverts may continue to create a major roadblock for solar micro inverters from becoming a widely commonplace device across Asia Pacific. Furthermore, installation of micro inverters requires the installation of another extra monitoring device - a communication bus, in addition to the basic common monitoring system. This in turn adds up to the final costs.

APAC Solar Micro Inverters Market Segmentation

FMI’s research offers a six-year forecast, segmenting the APAC market for solar micro inverters based on the type, consumer, and application.

Based on the type, the market is segmented into standalone solar micro inverter market and grid tied solar micro inverter market. On the basis of consumers, the solar micro inverter market in Asia Pacific is segmented as urban and rural. The urban segment dominates the market owing to rising awareness about alternate energy usage and growing population density in urban areas.

According to the application, the solar micro inverters market in APAC is segmented as residential and commercial. As micro inverters are economically lesser affordable compared to other traditional inverters, their residential applications find a lower market share in economically sensitive regions in Asia Pacific. However, the commercial solar micro inverter market application currently dominates the market.

Market to Explore Untapped Growth Opportunities in APAC

Although the U.S. is a leading market for solar micro inverters, adoption of solar micro inverters is expected to gain traction in Asia Pacific, especially in India, Japan, and Australia. Soaring fuel prices, burgeoning demand for power supply, and favourable government policies are currently driving the market in APAC.

Regional Analysis: APAC Solar Micro Inverters Market

India, owing to the availability of ample renewable energy sources, captures a prominent position in the APAC market for micro inverters. Growing awareness about benefits of micro inverters and widespread adoption of renewable energy sources for agriculture are expected to fuel the demand for solar micro inverters across India. The Union Budget of India for 2014-15 has clearly indicated emphasis on using solar for electricity generation. This is a key factor, anticipated to provide momentum to the market for micro inverters in and post-2016.

Japan, despite representing a key residential market potential, has been facing limited micro inverter shipments. Stringent certification norms are anticipated to govern the Japanese market but domestic suppliers are expected to encounter growing opportunities.

Australia is a relatively emerging market for photovoltaics, which makes it an unestablished market for string and centralised inverters. The Australian market, since the past few years, has been reflecting growing demand for micro inverters and FMI’s research indicates string growth prospects for micro inverter suppliers. Recently, Enphase announced to commercially launch their AC battery first in Australia, later this year. ARENA Australia, through ample of renewable energy funds, will continue to provide an additional thrust to the market.

Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-ap-278

In addition, there are other expanding market, including Malaysia, Indonesia, and Philippines. Malaysia hosts several off-grid projects, whereas Indonesia is up for a thousand islands project. Philippines is also continually initiating multiple rural electrification projects. Utility companies located in all the three countries are currently prioritising rural electrification.

Key Players in APAC Solar Micro Inverters Market

Key participants in the Asia Pacific market for solar micro inverters, include Enphase Energy, Solar Bridge Technologies, SolarEdge, Green Ray Solar, and Enecsys.

About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

Contact Us:
Future Market Insights
616 Corporate Way,
Suite 2-9018,
Valley Cottage,
New York 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release APAC Solar Micro Inverters Market Volume Analysis, Segments, Value Share and Key Trends 2014-2020 here

News-ID: 401640 • Views: 221

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for APAC

Elevators Market: Rapid Urbanization APAC Escalating Demand,
On the back of rapid urbanization in several emerging economies in Asia Pacific, the global elevators market is flourishing. A recent business publication by Transparency Market Research (TMR) has evaluated the lucrativeness of the market for elevators and escalators across the world and forecasted the demand, in terms of value, to increment at a notable CAGR of 7.4% during the forecast period of 2016 to 2023. In terms of volume,
Food Service Market in APAC 2017-2021
The latest industry research report on Food Service by MRC provides a thorough analysis of the  Food Service market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Food Service industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis
Agrochemicals Market in APAC
ReportsWorldwide has announced the addition of a new report title APAC: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “APAC: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Global Food Retail Market : APAC Demanding Region
The global Food Retail market was valued at USD 5,643.6 billion in 2013 and is expected to grow at a CAGR of 6.1 % from 2014 to 2020, to reach an estimated value of USD 8,541.9 billion in 2020. For More Information Request TOC (desk of content material), Figures and Tables of the report @ http://www.persistencemarketresearch.com/market-research/food-retail-market/toc Rise in the global population, changing customer preferences, and emerging economies are making the way
Global Clinical Nutrition Market : APAC Demanding Region
The global Clinical Nutrition market was valued at USD 36.9 billion in 2013 and is expected to grow at a CAGR of 4.1% from 2014 to 2020, to reach an estimated value of USD 48.6 billion in 2020. For More Information Request TOC (desk of content material), Figures and Tables of the report @ http://www.persistencemarketresearch.com/market-research/clinical-nutrition-market/toc Nutrition provides human beings with the required amount of proteins, carbohydrates, fats, water, vitamins, and minerals
IT Outsourcing Market In APAC 2016-2020
About Information Technology Outsourcing (ITO) in APAC The ITO market in APAC is gaining ground with increased IT spending and related outsourcing activities by organizations in the region to stay competitive in todays globalization. ITO services help organizations to manage their IT functions through IT expert team and innovative technologies. C-level executives of the companies have realized benefits of implementing outsourcing services for their IT functions and are increasingly supporting such