Increasing demand for solar power and usage of data analytics are the key factors driving the market growth.
According to Publisher, the Global Solar Micro Inverter market is growing at a CAGR of 17.2% from 2016 to 2023.
Whereas high initial investment required for installation is hampering the market growth. Among applications, residential applications held the largest market share owing to decrease in the cost of electricity bill.
The Asia Pacific region is expected to grow at a higher CAGR and is anticipated to account for the highest market share during forecast period.
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Some of the key players in the market include Alencon Systems, LLC, Altenergy Power System, Inc, Ampt, LLC, Array Power, Chilicon Power, LLC, Delta Energy Systems, Enphase Energy, i-Energy Co., Ltd, KACO New Energy, Inc, Petra Systems, Solantro, SolarEdge Technologies, Inc, Sparq Systems, SunPower Corporation and Tigo Energy.
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- Rest of Europe
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- South Africa
10.1 Alencon Systems, LLC
10.2 Altenergy Power System, Inc
10.3 Ampt, LLC
10.4 Array Power
10.5 Chilicon Power, LLC
10.6 Delta Energy Systems
10.7 Enphase Energy
10.8 i-Energy Co., Ltd
10.9 KACO New Energy, Inc
10.10 Petra Systems
10.12 SolarEdge Technologies, Inc
10.13 Sparq Systems
10.14 SunPower Corporation
10.15 Tigo Energy
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