Articles
Global Solar Micro Inverters Market to Witness 15.3% CAGR During 2016 – 2026
by Deepak Kumar Sr. SEO Executive
As per the research, the global solar micro inverters market is likely to grow from $431.6 million in 2015 to $2.0 billion by 2026. With the drop in micro inverter prices and rising awareness towards the benefits of MLPE technology, the solar micro inverters market is gaining traction across various end-users.
Request sample copy of report here : https://www.psmarketresearch.com/market-analysis/solar-micro-inverters-market/report-sample
Additionally, the demand for solar micro inverters is expected to spike further on account of reduction in cost of micro-inverters in the Asia-Pacific region. Moreover, factors such as rising preference for integrated PV modules or AC modules and support from the U.S. National Electric Code (NEC) to increase the usage of micro inverter technology worldwide is expected to drive the market during the forecast period.
As per the findings of research, the residential sector has been the largest consumer of solar micro inverters globally. As a part of system type, stand-alone segment has been the largest revenue generator for the market.
Geographically, North America has been the largest market for solar micro inverters, where the U.S. has been the largest contributor to the regional market. Japan is the major market in the Asia-Pacific region, whereas in Europe, Germany generates highest revenue.
The research states that the global solar micro inverters market is dominated by major players along with the presence of small scale manufacturers. Some of the key players in the global market include Enphase Energy Inc., SolarEdge Technologies, Inc., ABB Ltd, SMA Solar Technology AG, SunPower Corporation, Altenergy Power System Inc., Darfon Electronics Corp., Northern Electric & Power Co. Ltd, Sparq Systems, Inc. and Chilicon Power, LLC.
Read summary of report here : https://www.psmarketresearch.com/market-analysis/solar-micro-inverters-market
Product launches and strategic partnerships have been the major recent developments in the solar micro inverters market. Enphase Energy, Inc. and APsystems were some of the major players to announce partnerships in this market thereby broadening their market presence in the solar micro inverters market.
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About Deepak Kumar 
Sr. SEO Executive
133 connections, 0 recommendations, 367 honor points.Joined APSense since, May 30th, 2017, From New York, United States.
Created on Apr 2nd 2018 06:22. Viewed 455 times.
