Solar Micro Inverter Market

Solar Micro Inverter Market

Solar Micro Inverter Market : Price Drop Coupled with Increasing Small Scale PV Installations to Amplify the Sales : Global Industry Analysis and Opportunity Assessment, 2016 - 2026

  • XPLREP1624

  • August, 2016

  • 220 Pages

  • Industrial Automation

Solar Micro Inverter is a DC to AC inverter used with photovoltaic installations. Unlike conventional string/central inverters, a micro inverter works on Module Level Power Electronics i.e. power conversion takes place at individual module level. This mitigates the negative effect of module mismatch and improves the overall efficiency of the system. Micro inverters also enable module level monitoring, easier installation, enhanced design flexibility and better safety than conventional inverters

Increasing preference towards more efficient systems is fuelling the demand for micro inverters. Along with this, rapidly falling prices of micro inverters is also assisting the product to gain significant penetration in the global solar micro inverter market.

Market Value and Forecast

The global solar micro inverter market is expected to reach US$ 488.2 Mn by 2016 end and expand at a 16.6% CAGR over the forecast period (2016-2026).

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Solar Micro Inverter Market : Price Drop Coupled with Increasing Small Scale PV Installations to Amplify the Sales : Global Industry Analysis and Opportunity Assessment, 2016 - 2026
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