The market for micro inverters is expected to reach USD 3 billion by 2023. Mainly market participants in the US, primarily in the residential sector, and microinverter installation activities have accelerated market growth.
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Microinverter is a new solar inverter technology that is used to convert direct current (DC) electricity generated from solar panel to alternating current (AC) electricity. The increase in micro-inverter market share in the overall PV inverter market may be due to efficiency improvements and high power output.
Microinverter is a type of Module Level Power Electronic (MLPE) technology with separate inverters for each solar cell. Today, the world market for micro inverters is safer, more cost effective, and offers a variety of benefits for small (less than 6 kW) photovoltaic systems.
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The fast-growing residential market, government subsidies and economic incentives have supported the growth of the micro-inverter market. Micro inverters are very efficient compared to other inverters such as strings and central inverters.
However, high installation and strict maintenance techniques can limit market growth. Technological advances in the field of microinverters to increase efficiency and increase government spending on renewable energy projects are expected to provide greater opportunities in the market.
Companies Profiled In This Report:
SolarEdge Technologies, Enphase Energy, Tigo Energy, Altenergy Power System, SunPower Corporation, Ampt, Delta Energy Systems, KACO New Energy, Array Power, Solantro, Alencon Systems, i-Energy Co, Chilicon Power, Petra Systems, Sparq Systems
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By Regions, this report covers North America, China, Europe, Southeast Asia, Japan, India
A deeper knowledge of the Microinverter Market could be attained through this report as the researchers have attempted to unveil important distributors and traders and vital factors such as market positioning and marketing channel. Readers have been offered with an intelligent analysis of marketing strategy for the sales while focusing on elements such as target client, brand strategy, and pricing strategy.
With a view to helping understand the concept of a marketing channel for glass beads sales, the researchers have exposed some of the significant trends of marketing channel development, indirect marketing, and direct marketing.
The report also looks into influential external factors likely to affect the development of the Microinverter Market in the coming years. These include the technological framework of the industry and likely advances expected in the coming years, consumer preference patterns, economic environment, and the demand for alternative technologies and devices.
The report presents studied 2018-2023 forecasts for the Microinverter Market.
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In the last sections of the report, the manufacturers responsible for increasing the sales in the market have been presented. These manufacturers have been analyzed in terms of their manufacturing base, basic information, and competitors.
In addition, the technology and product type introduced by each of these manufacturers also form a key part of this section of the report. The recent developments that took place in the Microinverter Market and their impact on the future growth of the market have also been presented through this study.
Table of Contents:
Microinverter Market Research Report 2017
Chapter 1: Microinverter Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Microinverter Market Forecast
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