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Global Micro-Inverter Market Analysis 2017-2018 and Forecast 2019-2026 with Comprehensive Company Profiling - ResearchAndMarkets.com

May 15, 2019

DUBLIN--(BUSINESS WIRE)--May 15, 2019--

The “Micro-Inverter - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.

According to this report, the Global Micro-Inverter market accounted for $2.07 billion in 2017 and is expected to reach $10.95 billion by 2026 growing at a CAGR of 20.3% during the forecast period.

Some of the key factors propelling the market growth are benefits over conventional solar inverter technologies, upsurge in renewable energy investment, demand for micro-inverters due to remote monitoring capabilities and rise in residential solar rooftop installations. However, Higher Initial and Maintenance Cost of Micro-Inverters are restraining factors for the market.

By Type, Single-Phase segment acquired significant growth because it enables the system to have a compact size, which is well suited for residential and commercial applications. Most of the micro-inverter manufacturers across the world offer single-phase systems.

Also, as single-phase electricity transmission is well suited for residential applications, this is also one of the major markets for micro-inverters, witness high demand worldwide. For instance, in countries such as the US, Australia, and European countries, the residential segment operates on single-phase transmissions of electricity.

On the basis of geography, In Asia-Pacific, micro inverter market is expected to have the fastest growth in Japan during the forecast period. On a global scale, Japan is not the biggest market but it’s in the top three, with strong governmental support, and its huge solar energy industry.

However, in spite of representing a major residential market potential, it has been facing limited micro inverter shipments. It is expected that the penetration rate of micro inverters into Japanese market would increase drastically to 7% of total installations by 2018.

Another factor for catalyzing the market in Japan could be micro inverter suppliers obtaining Japan Electrical Safety & Environment Technology Laboratories (JET) certification.

What the report offers:

Key Topics Covered

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.5 Research Sources

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Technology Analysis

3.7 Application Analysis

3.8 Emerging Markets

3.9 Futuristic Market Scenario

4 Porters Five Force Analysis

5 Global Micro-Inverter Market, By Component

5.1 Introduction

5.2 Hardware

5.3 Services

5.4 Software

6 Global Micro-Inverter Market, By Type

6.1 Introduction

6.2 Single-Phase

6.3 Three-Phase

7 Global Micro-Inverter Market, By Connection

7.1 Introduction

7.2 Grid-Connected

7.3 Stand-Alone

8 Global Micro-Inverter Market, By Technology

8.1 Introduction

8.2 Wired

8.3 Wireless

9 Global Micro-Inverter Market, By Sales Channel

9.1 Introduction

9.2 Direct

9.3 Indirect

10 Global Micro-Inverter Market, By Application

10.1 Introduction

10.2 Commercial

10.3 PV Power Plant

10.4 Residential

11 Global Micro-Inverter Market, By Geography

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia-Pacific

11.5 South America

11.6 Middle East & Africa

12 Key Developments

12.1 Agreements, Partnerships, Collaborations and Joint Ventures

12.2 Acquisitions & Mergers

12.3 New Product Launch

12.4 Expansions

12.5 Other Key Strategies

13 Company Profiling

13.1 ABB Group

13.2 Aeconversion

13.3 Altenergy Power System

13.4 Chilicon Power

13.5 Darfon Electronics

13.6 Delta Energy Systems GmbH

13.7 Enluxsolar

13.8 Enphase Energy Inc.

13.9 Involar

13.10 Omnik New Energy

13.11 P&P Energy Technology Co. Ltd.

13.12 ReneSola

13.13 Samil Power

13.14 Saronic (EU) Power Tech

13.15 Sensata Technologies

13.16 Siemens AG

13.17 SMA Solar Technology AG

13.18 SolarEdge Technologies Inc.

13.19 Sparq Systems

13.20 SunPower Corporation

13.21 U R Energy

For more information about this report visit https://www.researchandmarkets.com/r/22mv75

View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005642/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE

SOURCE: Research and Markets

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PUB: 05/15/2019 10:37 AM/DISC: 05/15/2019 10:37 AM

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