Solar Micro Inverter is a DC to AC inverter used with photovoltaic installations. In contrast to conventional string/crucial inverters, a microinverter works on Module stage electricity Electronics i.e. Energy conversion takes vicinity at person module degree.
This mitigates the negative impact of module mismatch and improves the general performance of the system. Microinverters additionally enable module degree monitoring, easier setup, more suitable layout flexibility, and better safety than conventional inverters.
Meanwhile, the APEJ Solar Micro Inverter Market is expected to expand at a significant CAGR of 25.4% over the forecast period, due to the rising PV installation in China and the low cost of microinverters in the region. Among all the regions, the Japanese Solar Micro Inverter Market is expected to expand at an expected CAGR of 21.6% over the forecast period.
Growing preference closer to greater efficient systems is fuelling the demand for micro inverters. Together with this, rapidly falling fees of microinverters are likewise assisting the product to advantage large penetration within the global sun micro inverter marketplace.
The increase of the worldwide solar micro inverter market is especially driven by the rising range of photovoltaic installations, and rising cognizance of the blessings of the MLPE era. Moreover, growing choice towards integrated merchandise and an increaenergysing number of AC Modules in the market are likewise predicted to drive the demand for sun micro-inverters.
Furthermore, the U.S. National Electric Code supports microinverter technology and as more and more states adopt NEC 2017, micro-inverter penetration is anticipated to increase. The rise of power optimizers that offer similar benefits to that of micro inverters is restraining the growth in the Solar Micro Inverter Market and putting significant pricing pressure on microinverter players.
The rising adoption of included merchandise isn’t simplest fuelling the demand for micro inverters but also assists the microinverter seller/producers to enjoy a more state-of-the-art delivery channel coupled with assured long-term bankability.
Solar Micro Inverter Market Key Players
Some of the major players in the global solar micro inverter market that are covered in this report are
- Enphase Energy Inc.
- Altenergy Power Systems Inc.
- SMA Solar Technology AG
- ABB Ltd.
- SunPower Corporations
- Darfon Electronics Corporation
- Northern Electric and Power Co. Ltd.
- Sparq Systems
- Silicon Power, LLC
- iEnergy Co. Ltd