Global Solar Microinverter Market- Industry Analysis And Forecast 2019 – 2027

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Global Solar Microinverter Market- Industry Analysis and forecast 2019 – 2027

Global Solar Microinverter Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ XX Mn.

Global Solar Microinverter Market

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Global Solar Microinverter Market Drivers and Restrains:

Energy supply from renewable sources plays important role of energy distribution, mainly when there are Problems relating to sustainable environment. In this case, Microinverter are of great help. Traditional solar systems contain a single inverter & in case of any failure of inverter, there is no backup of energy transfer. Microinverter are standby energy source. A solar micro-inverter is a plug-&-play device used in photovoltaics, that converts DC to AC & it works on individual module level. The solar Microinverter market is driven by continuous R&D activities and high reduction in the costs of Microinverter. The solar micro inverter market also takes a great boost owing to its compact size & versatility. In addition, rising requirement of clients, based on modularity, safety, and maximum energy harvest will endure to drive the market towards the north.

Due to growing demand, a lot of revolution is taking place in the solar micro-inverter industry. For example, Tesla has launched a solar roof. This solar roof contains of the power wall battery, turning sunlight into electricity. The solar roof is prepared of tempered glass tiles and these tiles are stronger than non-solar tiles & regular plate glass. The micro inverter addresses several of the shortcomings of central inverters.
The Global PV inverter Landscape:

Global Solar Microinverter Market1
Global Solar Microinverter Market Regional Insights

APAC held the leading market share of XX% in 2019 & is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. Thanks to the occurrence of leading nations such as China, India, & Japan. Technical advancement, growing demand for power in the region fueling the market development during the forecast period. In addition, government initiatives such as the India’s national solar mission is also pushing the Solar Microinverter Market towards the north.

The World Bank is promised to supporting India’s solar energy push. The Bank is providing more than USD 1 Bn to help India’s solar plans, starting with a Grid Connected Rooftop Solar plan which aims to put solar panels on rooftops through the country, & 100MW of energy has already been financed through this plan. On June 30, 2017, the institution signed an agreement with the International Solar Alliance, containing of 121 countries led by India, to collaborate on increasing solar energy use around the world & activate $1 trillion in investments by the year 2030. India is installing solar panels on rooftops & floating solar platforms on rivers & other bodies of water.
Huawei, Sungrow & SMA dominate total inverter market:

APAC is still the center of international demand although the market declined slightly last year, MMR. Chinese company Huawei led the field with the top three companies unchanged for five years. Chinese rival Sungrow had the 2nd biggest share of the market again, ahead of German company SMA. United. States company Power Electronics claimed 4th position thanks to dominance in its domestic market, even if it lost United States. Market share to Sungrow during the year. Italian inverter maker Fimer enjoyed the biggest development, climbing to 5th after it took over the solar inverter business of Swiss company ABB. The big 5 surrendered only 1 percent of their stranglehold on the total market to claim 56 percent of business.
Over 50% of India's Power to Come from Renewables in 10 years

Global Solar Microinverter Market2

The report covers Single-Phase, and Three-Phase with detailed analysis Global Solar Inverter Market industry with the classifications of the market on the Type, Connectivity & region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.

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Scope of the Global Solar Microinverter Market : Inquire before buying

Global Solar Microinverter Market3
Global Solar Microinverter Market, By Region

• North America:
o US
o Canada
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Sweden
o CIS countries
o Rest of Europe
• APAC
o China
o India
o South Korea
o Japan
o Australia
o Rest of APAC
o ASEAN
 Indonesia
 Malaysia
 Singapore
 Thailand
 Vietnam
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Rest of Latin America
Global Solar Microinverter Market Key Players

• Emerson Electric Company.
• Schneider Electric Co
• Power-one Inc.
• SMA Solar Type AG
• CO New Energy
• Huawei Technologie
• Sungrow Power Supply
• SMA Solar Type
• Power Electronic
• ABB
• Sineng
• Goodwe
• Solar Edge Technologies
• Ingeteam
• TBEA Sunoasis.

 

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