A Solar Microinverter and Power Optimizer are plug-and-play devices used in photovoltaics, that convert direct current (DC) generated by a single solar module to alternating current (AC).
Solar Microinverters and Power Optimizers carry out the same task within a solar panel system as they convert direct current (DC) energy into the alternate current (AC) energy that can be used in home. Both of them can monitor the performance of individual solar panels, rather than the solar panel system as a whole. Microinverters and power optimizers improve performance for solar panels on complicated roofs, or roofs that experience marginal shading during the day.
The global Solar Microinverter and Power Optimizer market was 670 million US$ in 2020 and is expected to 1430 million US$ by the end of 2025, growing at a CAGR of 10.0% between 2020 and 2025.
The report offers detailed coverage of Solar Microinverter and Power Optimizer industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Solar Microinverter and Power Optimizer by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Solar Microinverter and Power Optimizer market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Solar Microinverter and Power Optimizer market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
SolarEdge Technologies
Enphase Energy
Tigo Energy
Altenergy Power System
SunPower Corporation
Ampt
Delta Energy Systems
KACO New Energy
Array Power
Solantro
By the product type, the market is primarily split into
Solar Microinverter
Power Optimizer
By the end users/application, this report covers the following segments
Residential
Commercial
Utility
At the same time, we classify Solar Microinverter and Power Optimizer according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Solar Microinverter and Power Optimizer market for the forecast period 2020 - 2025?
• What are the driving forces in the Solar Microinverter and Power Optimizer market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Solar Microinverter and Power Optimizer industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?