Published by Uma Rajagopal
Posted on December 29, 2021
As per the latest report by IMARC Group, titled “Solar Microinverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global solar microinverter market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the global solar microinverter market to grow at a CAGR of around 14% during 2021-2026. A solar microinverter is an electronic device that converts direct current (DC) into alternating current (AC). It is primarily used in photovoltaic (PV) cells for altering the current waveform. It can maximize the power from solar panels and maintain a consistent flow of energy by utilizing the maximum power point tracking (MPPT) technology. In recent years, the demand for solar microinverter has increased as it is highly efficient compared to its conventional counterparts.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/solar-microinverter-market/requestsample
Global Solar Microinverter Market Trends:
The rising deployment of solar microgrids, and the escalating energy demand from commercial and industrial sectors represent the primary factors driving the global solar microinverter market. Additionally, a significant rise in residential rooftop solar installations and the increasing popularity of building-integrated photovoltaics (BIPV) are other growth-inducing factors. Furthermore, several initiatives undertaken by regional governments encouraging the use of renewable energy, along with a substantial reduction in product prices, have propelled the market growth. Other factors, including the growing environmental concerns, extensive research and development (R&D) activities, numerous product innovations and rapid urbanization, are also anticipated to provide a positive market outlook.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/solar-microinverter-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Communication Channel:
Breakup by Type:
Breakup by Connectivity:
Breakup by Component:
Breakup by Application:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
As per the latest report by IMARC Group, titled “Solar Microinverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global solar microinverter market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the global solar microinverter market to grow at a CAGR of around 14% during 2021-2026. A solar microinverter is an electronic device that converts direct current (DC) into alternating current (AC). It is primarily used in photovoltaic (PV) cells for altering the current waveform. It can maximize the power from solar panels and maintain a consistent flow of energy by utilizing the maximum power point tracking (MPPT) technology. In recent years, the demand for solar microinverter has increased as it is highly efficient compared to its conventional counterparts.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/solar-microinverter-market/requestsample
Global Solar Microinverter Market Trends:
The rising deployment of solar microgrids, and the escalating energy demand from commercial and industrial sectors represent the primary factors driving the global solar microinverter market. Additionally, a significant rise in residential rooftop solar installations and the increasing popularity of building-integrated photovoltaics (BIPV) are other growth-inducing factors. Furthermore, several initiatives undertaken by regional governments encouraging the use of renewable energy, along with a substantial reduction in product prices, have propelled the market growth. Other factors, including the growing environmental concerns, extensive research and development (R&D) activities, numerous product innovations and rapid urbanization, are also anticipated to provide a positive market outlook.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/solar-microinverter-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Communication Channel:
Breakup by Type:
Breakup by Connectivity:
Breakup by Component:
Breakup by Application:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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