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
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Market Overview:
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.
Some of the major players operating in the Micro-Inverter market 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 others.
Global Micro-Inverter Market Scope
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.
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Micro-Inverter Market Landscape
Part 04: Global Micro-Inverter Market Sizing
Part 05: Global Micro-Inverter Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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