Press release
Solar Micro Inverter Market Trends Research Report 2021 to 2025: Industry Analysis, Forecast by Type and Application, Revenue and Volume
Global Solar Microinverter market is anticipated to reach the market valuation of US$ 5,604.6 million by 2025 expanding at an astonishing CAGR of 28.4% in the course of forecasted period (2019-2025) from US$ 977.5 million in 2018. Today, people are living in a world that is getting developed economically and socially, people’s lifestyles have changed completely. With the evolving modern lifestyles, the urban population of the world has grown rapidly from 751 million in 1950 to 4.2 billion in 2018. Henceforth, it has significantly impacted the consumption patterns of the people across the globe. Extensive infrastructural development, real estate development, increasing preference for cost efficiency and energy efficiency, paired with falling prices of solar inverters has tremendously accelerated that demand for solar microinverters across the globe. However, high cost of installation and repairing has remained a huge challenge for the solar microinverter customer.
Download Free Sample of this Report- https://univdatos.com/get-a-free-sample-form-php/?product_id=6610
Given the unstable market conditions generated on account of changing solar policies and various trade disputes, dynamic changes in prices and other uncertainties, the demand for solar PV has continued to increase and further around 100 GW of annual installations achieved in 2018. While in 2007, annual installations were just marked at 2 GW. Solar and other renewable sources continue to play a key role in decentralization as well as digitalization of the power system. Energy transition has become a prime agenda for nearly all the solar-based companies, government and institutions. Attracted by the growing opportunity and attractive returns, paired with pressure to increase the total energy generation from renewable sources, have influenced the companies to invest in the renewables industry. Solar energy is increasingly becoming competitive in contrast to other conventional sources of power generation. For instance, the industrial plan of the main Italian energy provider envisages investments in plants and machinery for the production of renewable energy is over Euro 8.3 billion in the three-year period 2018-2020. To add on, developing countries and large electric operators have also made significant investment plans for the next 15 years. It has been anticipated that world energy demand would grow by 58% by 2040 or 2% annually, and renewable sources are expected to represent approximately 72% of global total investments in the period, amounting to US$ 7.2 trillion, while 50% of which are expected to be used to install photovoltaic systems.
Against a roughly 80% reduction in costs of solar panels in 2018 in contrast to 2008 and simultaneous greater efficiency, photovoltaic is ranked as the cheapest energy source. Furthermore, the expectation of more than 60% reduction in the cost of solar energy by 2040, would further increase the overall demand for solar panels for energy generation. This would in-turn increase the demand for solar microinverter at global scale. Only 25% of the energy received from the sun is converted into energy to be fed into the grid leading to greater inverter efficiency. In addition to this, under different end users of solar micro inverter market, residential end-users occupied maximum share of 78% in 2018. Increasing demand for safety and reliability as well as rapid urbanization along with changing lifestyles, rising awareness about energy efficiency among the consumers has catalyzed the demand for solar microinverter among homeowners.
The segment is anticipated to bring in earnings of US$ 4,161.26 million by 2025. Furthermore, under different distribution channels direct sales channels was the most preferred purchasing channel among the consumers. Based on inverter types single-phase microinverter is projected to enjoy the swiftest expansion among the resident throughout the forecast period 2019-2025, accredited to its superior benefits in terms of no single point failure, increased efficiency, reliability and higher output. In terms of connectivity, On-grid or integrated solar systems captured maximum share in 2018.
Download Free Sample of this Report- https://univdatos.com/get-a-free-sample-form-php/?product_id=6610
Additionally, for better investigation and penetration of global solar microinverter, detailed analysis is conducted for major market including North America (US, Canada), Europe (United Kingdom, France, Netherlands, Germany, Italy, Belgium), Asia-Pacific (India, China, Australia, Japan) and Rest of world. In 2018, North America was the largest revenue generating region in terms of value. The region generated revenue of US$ 485.4 million in 2018. Continued R&D, investments as well as increasing number of residential installations have lured most of the Americans to spur the adoption of solar microinverters in contrast to other central inverters and string inverters. However, changes in the federal and state politics would help Europe and Asia-Pacific region to post positive growth opportunities for the global solar microinverter market during the forecast period. Some of the major companies profiled in the global solar microinverter market includes SMA Solar Technology AG, AltEnergy Power Systems Inc, Northern Electric & Power Inc, Darfon Electronics Corp, Chilicon Power, Sparq Systems, Solar Edge Technologies, Fimer SPA, Enphase Energy and GreenRays Enersol Pvt Ltd. These players consistently aim to focus on various product launches, innovations, energy-efficient products as well as mergers and acquisitions to enhance the installations of solar microinverter across the world thereby strengthening their market position which further offers them growth opportunities for geographic expansion in solar inverter landscape.
Global Solar Microinverter Market Segmentation
Market Insights, by Type
Single Phase
Three Phase
Market Insights, by Connectivity
Integrated
Stand Alone
Market Insights, by Distribution Channel
Direct Distribution Channel
Indirect Distribution Channel
Market Insight, by End Users
Residential End Users
Commercial End Users
Market Insight, by Region
North America Solar Microinverter Market
United States
Canada
Rest of North America
Download Free Sample of this Report- https://univdatos.com/get-a-free-sample-form-php/?product_id=6610
Europe Solar Micro Inverter Market
Germany
Italy
United Kingdom
Belgium
Netherlands
France
Rest of Europe
Asia Pacific Solar Microinverter Market
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of World Solar Microinverter Market
Top Company Profiles
SMA Solar Technology AG
Altenergy Power System Inc
Northern Electric & Power Inc
Darfon Electronics Corp
Chilicon Power
Sparq Systems
Solar Edge Technologies
Fimer SPA
Enphase Energy
Green Rays Enersol Pvt Ltd
Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 MARKET OVERVIEW
6 DEMAND AND SUPPLY SIDE ANALYSIS
7 LEGAL & REGULATORY FRAMEWORK
8 VALUE CHAIN ANALYSIS
9 INDUSTRY ANALYSIS SOLAR MICROINVERTER
10 SOLAR PROJECTS & CASE STUDIES UNDERTAKEN IN SOLAR INDUSTRY
11 MARKET INSIGHTS BY MICROINVERTER TYPE
12 MARKET INSIGHTS BY CONNECTIVITY
13 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
14 MARKET INSIGHTS BY END-USERS
15 MARKET INSIGHTS BY REGION
16 COMPETITIVE SCENARIO
17 TOP COMPANY PROFILES
Request for full report- https://univdatos.com/report/solar-microinverter-market/
CONTACT US
E-mail: sales@univdatos.com
Phone: +91 783860491
Address-: 4th & 5th Floor,
C80B, Sector 8, Noida,
Pin code- 201301, UP, India
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
Download Free Sample of this Report- https://univdatos.com/get-a-free-sample-form-php/?product_id=6610
Given the unstable market conditions generated on account of changing solar policies and various trade disputes, dynamic changes in prices and other uncertainties, the demand for solar PV has continued to increase and further around 100 GW of annual installations achieved in 2018. While in 2007, annual installations were just marked at 2 GW. Solar and other renewable sources continue to play a key role in decentralization as well as digitalization of the power system. Energy transition has become a prime agenda for nearly all the solar-based companies, government and institutions. Attracted by the growing opportunity and attractive returns, paired with pressure to increase the total energy generation from renewable sources, have influenced the companies to invest in the renewables industry. Solar energy is increasingly becoming competitive in contrast to other conventional sources of power generation. For instance, the industrial plan of the main Italian energy provider envisages investments in plants and machinery for the production of renewable energy is over Euro 8.3 billion in the three-year period 2018-2020. To add on, developing countries and large electric operators have also made significant investment plans for the next 15 years. It has been anticipated that world energy demand would grow by 58% by 2040 or 2% annually, and renewable sources are expected to represent approximately 72% of global total investments in the period, amounting to US$ 7.2 trillion, while 50% of which are expected to be used to install photovoltaic systems.
Against a roughly 80% reduction in costs of solar panels in 2018 in contrast to 2008 and simultaneous greater efficiency, photovoltaic is ranked as the cheapest energy source. Furthermore, the expectation of more than 60% reduction in the cost of solar energy by 2040, would further increase the overall demand for solar panels for energy generation. This would in-turn increase the demand for solar microinverter at global scale. Only 25% of the energy received from the sun is converted into energy to be fed into the grid leading to greater inverter efficiency. In addition to this, under different end users of solar micro inverter market, residential end-users occupied maximum share of 78% in 2018. Increasing demand for safety and reliability as well as rapid urbanization along with changing lifestyles, rising awareness about energy efficiency among the consumers has catalyzed the demand for solar microinverter among homeowners.
The segment is anticipated to bring in earnings of US$ 4,161.26 million by 2025. Furthermore, under different distribution channels direct sales channels was the most preferred purchasing channel among the consumers. Based on inverter types single-phase microinverter is projected to enjoy the swiftest expansion among the resident throughout the forecast period 2019-2025, accredited to its superior benefits in terms of no single point failure, increased efficiency, reliability and higher output. In terms of connectivity, On-grid or integrated solar systems captured maximum share in 2018.
Download Free Sample of this Report- https://univdatos.com/get-a-free-sample-form-php/?product_id=6610
Additionally, for better investigation and penetration of global solar microinverter, detailed analysis is conducted for major market including North America (US, Canada), Europe (United Kingdom, France, Netherlands, Germany, Italy, Belgium), Asia-Pacific (India, China, Australia, Japan) and Rest of world. In 2018, North America was the largest revenue generating region in terms of value. The region generated revenue of US$ 485.4 million in 2018. Continued R&D, investments as well as increasing number of residential installations have lured most of the Americans to spur the adoption of solar microinverters in contrast to other central inverters and string inverters. However, changes in the federal and state politics would help Europe and Asia-Pacific region to post positive growth opportunities for the global solar microinverter market during the forecast period. Some of the major companies profiled in the global solar microinverter market includes SMA Solar Technology AG, AltEnergy Power Systems Inc, Northern Electric & Power Inc, Darfon Electronics Corp, Chilicon Power, Sparq Systems, Solar Edge Technologies, Fimer SPA, Enphase Energy and GreenRays Enersol Pvt Ltd. These players consistently aim to focus on various product launches, innovations, energy-efficient products as well as mergers and acquisitions to enhance the installations of solar microinverter across the world thereby strengthening their market position which further offers them growth opportunities for geographic expansion in solar inverter landscape.
Global Solar Microinverter Market Segmentation
Market Insights, by Type
Single Phase
Three Phase
Market Insights, by Connectivity
Integrated
Stand Alone
Market Insights, by Distribution Channel
Direct Distribution Channel
Indirect Distribution Channel
Market Insight, by End Users
Residential End Users
Commercial End Users
Market Insight, by Region
North America Solar Microinverter Market
United States
Canada
Rest of North America
Download Free Sample of this Report- https://univdatos.com/get-a-free-sample-form-php/?product_id=6610
Europe Solar Micro Inverter Market
Germany
Italy
United Kingdom
Belgium
Netherlands
France
Rest of Europe
Asia Pacific Solar Microinverter Market
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of World Solar Microinverter Market
Top Company Profiles
SMA Solar Technology AG
Altenergy Power System Inc
Northern Electric & Power Inc
Darfon Electronics Corp
Chilicon Power
Sparq Systems
Solar Edge Technologies
Fimer SPA
Enphase Energy
Green Rays Enersol Pvt Ltd
Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 MARKET OVERVIEW
6 DEMAND AND SUPPLY SIDE ANALYSIS
7 LEGAL & REGULATORY FRAMEWORK
8 VALUE CHAIN ANALYSIS
9 INDUSTRY ANALYSIS SOLAR MICROINVERTER
10 SOLAR PROJECTS & CASE STUDIES UNDERTAKEN IN SOLAR INDUSTRY
11 MARKET INSIGHTS BY MICROINVERTER TYPE
12 MARKET INSIGHTS BY CONNECTIVITY
13 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
14 MARKET INSIGHTS BY END-USERS
15 MARKET INSIGHTS BY REGION
16 COMPETITIVE SCENARIO
17 TOP COMPANY PROFILES
Request for full report- https://univdatos.com/report/solar-microinverter-market/
CONTACT US
E-mail: sales@univdatos.com
Phone: +91 783860491
Address-: 4th & 5th Floor,
C80B, Sector 8, Noida,
Pin code- 201301, UP, India
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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