Solar Micro Inverter Market: Information by Type (Stand-Alone, Integrated) Application (Residential (0-20Kw), Commercial (20Kw-1Mw), Utility (1Mw and above), Other), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026
A solar micro-inverter, or simply microinverter, is a plug-and-play device used in photovoltaics, that converts direct current (DC) generated by a single solar module to alternating current (AC). The output from several microinverters is combined and often fed to the electrical grid.
The report shows the Solar Micro Inverter market is valued at approximately USD xxxx million in 2019 and is expected to generate revenue of around USD xxxx million by 2026, growing at a CAGR of roughly xxxx% from 2019 and 2026.
The persistent advancement in the research and development of solar micro inverters, the substantial reduction in costs of microinverters, the decreased prices of the solar micro inverter, along with the growing awareness towards the benefits of module-level power electronics (MLPE) technology, these factors are triggering the global Solar Micro Inventor market. However, the key dynamic that propelling market growth is the advantages attached by the machine and the wide adoption of sustainable sources of energy in the agriculture sector.
By applications, the residential segment dominates the utmost market share during the past recent and will continue its growth momentum, which is on account of the growing adoption of energy conservation solutions for controlling the rising energy expenditure in residential applications.
Market Player
ABB
Enphase Energy
Enphase Energy
SMA Solar Technology
SolarEdge Technologies
SunPower Corp
APS
Chilicon Power
Cybo Energy
IEnergy
Involar
LeadSolar
ReneSola
Sparq Systems
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Market Segmentation
By Type
Integrated
By Application
Commercial (20Kw-1Mw)
Utility (1Mw and above)
By Region
North America
u U.S.
u Canada
u Mexico
Europe
u Germany
u France
u Italy
u Spain
u U.K.
u Nordic Countries
u Belgium
u Russia
u Rest of Europe
Asia Pacific
u China
u India
u Australia
u Japan
u South Korea
u Australia and New Zealand
u Rest of Asia Pacific
Latin America, Middle East & Africa
u GCC Countries
u Brazil
u Nigeria
u Argentina
u South Africa
u Others
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Regional Spotlights
Geographically, the global Solar Micro Inventor market can be segmented into North America, Europe, Asia-Pacific, and ROW. North America is one of the largest consumers of solar micro inventors among global areas, due to the great demand for power and increasing installation of such systems. The U.S. is the main contributor to the region. Similarly, revenue generation in the Asia-Pacific region will see growth as the system is gaining attention in some of the major economies, such as Australia, India. Other than that, preferable regulations by government bodies coupled with the soaring fuel prices are major dynamics in the regional market.
Market Analyze Period
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
Report Key Audience
l Solar Micro Inverter manufacturers
l Raw material suppliers of Solar Micro Inverter machinery
l Downstream vendors and end-users
l Traders, distributors, and resellers of Solar Micro Inverter equipment
l Machinery, equipment industry associations and research organizations
l Product managers, Solar Micro Inverter industry administrator, C-level executives of the industries
l Market Research and consulting firms
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