Press release
Global Solar Micro Inverters Market Will Hit At CAGR Of 25.7% During Years 2016-2020
About Solar Micro Inverter Market
Solar microinverters are small devices installed on solar panels that convert the DC output of a photovoltaic (PV) panel into AC. These inverters use maximum power point tracking (MPPT) to get maximum power from the PV array.
The function of a microinverter is similar to a central or string inverter. In a string inverter, the PV modules are connected in strings and then wired to a central inverter. A microinverter, however, does not generate power unless connected to the grid. It converts AC to DC at each PV module, allowing the output of PV module to be unaffected by other modules. Therefore, partial shading, debris, and snow lines on any one module do not disproportionately affect the output.
Solar microinverters enable maximum power, design flexibility, and enhanced safety, addressing the shortcomings of traditional inverters.
Technavios analysts forecast the Global Solar Microinverter Market to grow at a CAGR of 25.7% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the Global Solar Microinverter Market for 2016-2020.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Solar Microinverter Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
ABB
Enphase Energy
SMA Solar Technology
SolarEdge Technologies
SunPower Corp.
Other prominent vendors
APS
Chilicon Power
Cybo Energy
iEnergy
Involar
LeadSolar
ReneSola
Sparq Systems
Market driver
Easy installation and customization
For a full, detailed list, view our report
Market challenge
Less product differentiation
For a full, detailed list, view our report
Market trend
Shift to renewable energy and increasing environmental concerns
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Table Of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Five forces analysis
PART 06: Market segmentation by application
Global solar microinverter market by application 2015-2020
Global solar microinverter market by application 2015-2020
Global solar microinverter market by residential segment
Global solar microinverter market by commercial segment
Global solar microinverter market by utility segment
PART 07: Geographical segmentation
Global solar microinverter market by geography
Solar microinverter market in Americas
Solar microinverter market in EMEA
Solar microinverter market in APAC
PART 08: Market drivers
Rise in awareness of solar power
Easy installation and customization
Increased efficiency
PART 09: Impact of drivers
PART 10: Market challenges
High initial installation cost
Less product differentiation
Intermittent nature of solar power
PART 11: Impact of drivers and challenges
PART 12: Market trends
Technological advances
Government support
Harnessing potential of untapped market
Rise in environmental concerns and shift to renewable energy
Rising safety concerns
Incorporation of data analytics in solar microinverter systems
PART 13: Vendor landscape
Competitive landscape
Other prominent vendors
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