The research and analysis conducted in Micro-Inverter Market Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Micro-Inverter industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Micro-Inverter Market report is provided that covers many work areas.
Micro-inverter market will grow at a rate of 18.70% for the forecast period of 2021 to 2028. Rising technical advantages of micro-inverters over conventional solar inverters is a vital factor driving the growth of micro-inverter market
Micro inverters are the type of an innovative technology that acts just like a basic conventional inverter which is used to convert direct current (DC) into alternate current (AC) from the energy stored inside the solar panels. These inverters regulate and alternate the current for the usage of energy in small electronic devices. The rise in usage of photovoltaic power (PV) systems has raised the demand for these inverters significantly.
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Rising significant capital inflows in renewable energy sector is the vital factor escalating the market growth, also increased demand for micro-inverters due to their remote monitoring capabilities, rising number of residential solar rooftop installations, increase in the benefits and awareness about the renewable energy sources along with increased adoption, rising cost-effectiveness and increased developments of these products increasing their technological capabilities, thus increasing the demand for micro inverters, increasing residential solar system installation, rising reliability and safety and increased output and cost-efficiency are the major factors among others driving the micro-inverter market. Moreover, rise in number of solar PV installations owing to incentive schemes by governments of different countries and rising technological innovations in inverters to improve their capabilities which will further create new opportunities for the micro-inverter market in the forecast period of 2021- 2028.
However, decreased demand for micro-inverters with reduced electricity requirement from commercial and industrial end users due to COVID-19 outbreak and increased installation and maintenance costs of micro-inverters are the major factors among others acting as restraints, while rising pricing pressure on manufacturers of micro-inverters and increasing safety risks associated with high DC voltages will further challenge the growth of micro-inverter market in the forecast period mentioned above.
This micro-inverter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on micro-inverter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Micro-Inverter Market Scope and Market Size
Micro-inverter market is segmented on the basis of type, component, communication technology, connection, sales channel and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the micro-inverter market is segmented into single phase and three phase.
- On the basis of component, the micro-inverter market is segmented into hardware, software and services.
- Based on communication technology, the micro-inverter market is segmented into wired and wireless.
- Based on connection, the micro-inverter market is segmented into stand-alone and grid-connected.
- Based on sales channel, the micro-inverter market is segmented into direct and indirect.
- The micro-inverter market is also segmented on the basis of application into residential, commercial and PV power plant.
Global Micro-Inverter Market Country Level Analysis
Micro-inverter market is analysed and market size, volume information is provided by country, type, component, communication technology, connection, sales channel and application as referenced above.
The countries covered in the micro-inverter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the micro-inverter market due to rising favorable economic conditions and the growing solar PV market along with supportive regulatory policies aiding residential solar electricity generation in the US and other countries in the region. Europe and Asia-Pacific are the expected regions in terms of growth in micro-inverter market due to rising number of residential solar rooftop installations, increase in the benefits and awareness about the renewable energy sources along with increased adoption in this region.
The country section of the micro-inverter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Micro-Inverter Market Share Analysis
Micro-inverter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to micro-inverter market.
The major players covered in the micro-inverter market report are Enphase Energy, Altenergy Power System Inc., SunPower Corporation, Siemens AG, Zhejiang Envertech Corporation Limited, Renesola, Darfon Electronics Corp., AEconversion GmbH & Co. KG., SMA Solar Technology AG, Sparq Systems, Omnik New Energy, Sensata Technologies Inc., EnluxSolar Co. Ltd., U R Energy, Samil Power Co. Ltd., ABB, Delta Energy Systems, and SolarEdge Technologies Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the all inclusive Micro-Inverter report. This report aims to examine the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players. It is a professional and a detailed report focusing on primary and secondary drivers, market share, market size, sales volume, leading segments and geographical analysis. Global Micro-Inverter market report contains comprehensive and thorough insights which are based on business intelligence.
Major Highlights of Micro-Inverter market in Covid-19 pandemic covered in report:
The report provides impact of COVID-19 on Micro-Inverter market along with its impact on overall industry and economy of world. Further, it adds changes in consumer buying behavior as it impacts majorly on market growth and sales. Distributors and traders on marketing strategy analysis focusing on region wise needs in covid-19 pandemic is also added in the Micro-Inverter market report. The last segment of COVID-19 impact chapter include recovery and major changes opted by major players involved in Micro-Inverter market.
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
PART 12: REGIONAL LANDSCAPE
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: COMPETITIVE LANDSCAPE
PART 17: COMPANY PROFILES
PART 18: APPENDIX
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