The global micro inverter market size was USD 3.80 Billion in 2022 and is expected to register a rapid revenue CAGR of 19.8% during the forecast period. Rising demand for micro inverters owing to their remote monitoring capacities in commercial and residential sectors is the primary factor driving market revenue growth. A micro-inverter is a device that connects to a single solar panel, converting Direct Current (DC) from the panel into Alternating Current (AC), which can power household appliances or be sent into the grid for energy credits.
The latest research report by Emergen Research, named ‘Global Micro Inverter Market. The report provides a detailed outlook on how the pandemic has affected the key segments of the Micro Inverter Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Micro Inverter Market industry. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Micro Inverter Market
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Micro Inverter market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Enphase Energy, SolarEdge, ABB, SMA Solar Technology AG, Altenergy Power System Inc., SunPower Corporation, Chilicon Power, LLC, DARFON, Tigo Energy, Inc., Growatt New Energy, TransX, Huawei Cloud, CyboEnergy, Inc., ENF Ltd, RENESOLA, Reliable Power, Inc., Envertech, KACO New Energy, Siemens, and Solantro
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Emergen Research has segmented the global Micro Inverter market on the basis of type, application, end-use, and region:
Type of Phase Outlook (Revenue, USD Billion; 2019–2032)
- Single-Phase Micro Inverters
- Three-Phase Micro Inverters
Communication Technology Outlook (Revenue, USD Billion; 2019–2032)
- Power Line Communication (PLC)
- Radio Frequency (RF) Communication
- Wired Communication
- Wireless Communication
Application Outlook (Revenue, USD Billion; 2019–2032)
- Residential
- Commercial
- Industrial
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Micro Inverter Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Micro Inverter Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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