Press release
Solar Microinverter And Power Optimizer Market to grow at 10% CAGR from 2016 to 2024
Fractovia.Org
Request for a sample of this research report @ https://www.fractovia.org/request-sample/367
Standalone products and on-grid systems help in connecting solar microinverter & power optimizers. On-grid solar microinverter and power optimizer industry share, worth USD 120 million in 2015, will grow at an annual rate of 15% over 2016-2024. Favorable government regulations such as tax discounts, feed-in- tariff, and financial aids will push the business landscape.
Solar microinverter & power optimizers find extensive application across utility, residential, and commercial sectors. Solar microinverter and power optimizer market revenue across commercial sector is expected to cross the revenue margin of USD 300 million by 2024. High energy throughput and enhanced security measures will contribute significantly toward the market demand. Residential applications, which collected a revenue of USD 400 million in 2015, are forecast to observe a robust expansion. Rise in installation of PV systems on the rooftops of residential constructions will propel the revenue.
Considering the geographical trends, below mentioned are the regional highlights pertaining to the industry growth:
• Solar microinverter and power optimizer industry size in the U.S. is slated to grow at a CAGR of 15% over the coming timeframe. Government schemes encouraging large-scale deployment of solar power systems across commercial and residential constructions will drive the development.
• Solar microinverter and power optimizer market size in China, worth USD 50 million in 2015, is anticipated to observe a striking growth over 2016-2024. High government emphasis on the use of renewable energy to fulfill the rising power supply needs will further propel the industry growth.
• UK solar microinverter and power optimizer industry, which contributed nearly 10% of Europe market revenue in 2015, will expand notably due to government policies promoting to use green energy.
• Chile solar microinverter and power optimizer industry, which contributed more than 20% of Latin America solar microinverter and power optimizer market share in 2015, is projected to witness a high surge, owing to its project in harnessing 70% of overall energy through sustainable resources by 2050. Large availability of solar power, low rate of interests, and political stability are few of the factors predicted to boost the industry revenue.
Make an inquiry for buying this report @ https://www.fractovia.org/request-purchase/367
Key industry participants include Tigo Energy, SolarEdge Technologies Incorporation, Petra Systems Incorporation, Altenergy Power System Incorporation, KACO New Energy, SolarBridge Technologies, and Sparq Systems.
About Fractovia.org
Fractovia.org is one of India's leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.
Contact Us:
Arun Hegde
Corporate Sales, USA
Fractovia.org
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@fractovia.org
Website: https://www.fractovia.org
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 Solar Microinverter And Power Optimizer Market to grow at 10% CAGR from 2016 to 2024 here
News-ID: 700275 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Fractovia
Europe Residential Boiler Market Key Players are Daikin Europe, BDR Thermea Grou …
The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has been encouraging most of the European countries to adopt zero emission energy facilities. In fact, several countries in EU have already been following established energy efficiency legislatives to promote the use of renewable…
Protein A Resins Market Trends 2018 & Top Key Players Thermo Fisher Scientific, …
The surging demand for protein A resins market is expected to evolve more over the coming years owing to the increasing research on monoclonal antibodies. With the rising prevalence of chronic diseases like rheumatoid arthritis, cancer, etc., the extensive use of monoclonal antibodies in these treatments, is growing rapidly. The Recent revolution in protein separation and purification techniques which include chromatography, precipitation, and filtration, is also expected to drive the…
Animal Diagnostics Market Prominent Key Players are IDEXX, Abaxis, Inc., Heska C …
Zoetis, acclaimed as one of the foremost firms operating in the global animal diagnostics market, in its recent announcement has unveiled that it will be purchasing Abaxis for USD 1.9 billion, as it looks to account for a major chunk of the fast-growing business of veterinary diagnostics services. The acquisition, according to reports is expected to help Zoetis lower its reliance on its vast animal dermatology business that is facing…
A Comprehensive Study exploring Healthcare Gamification Market | Key players Mic …
Healthcare gamification market, endorsed with a plethora of conventional and offbeat applications in the medical space, undoubtedly stands at a point where it is set to witness tremendous gains in terms of profitability and recognition in the coming years. In the face of stagnant healthcare budget, healthcare giants, of late have been constantly combating with severe pricing pressure, the prime factor that has driven gaming theory integration in the business…
Probiotics Market: Key Players are Nestlé, DuPont, Danone, Chr. Hansen Holding …
Most of the reputed biggies in probiotics market, in conjunction with renowned life science companies, have been making hefty investments in recent times to carry out innovative research activities in the domain of probiotics. One of the leading biotechnology companies, OptiBiotix for instance, recently signed an agreement with the IPA (International Probiotics Association) in order to share updates regarding any upcoming advances and new product developments in the field of…
Healthcare Revenue Cycle Management Market: Global Key Players are Allscripts, S …
Healthcare Revenue Cycle Management Market will grow considerably over the span of few years, owing to its extensive use in hospitals, private clinics, and diagnostics & ambulatory care centers. Growing trend towards value-based healthcare services along with a great need to lower billing errors will fuel the industry growth over the coming seven years. High benefits offered by healthcare revenue cycle management will further boost the business expansion. In addition…
