DUBLIN--(BUSINESS WIRE)--The "Global Solar Micro Inverters Market Size, Share, Development, Growth and Demand Forecast to 2026" report has been added to Research and Markets' offering.
The global solar micro inverters market is expected to witness a CAGR of 15.3% during the forecast period, to reach $1,968.7 million by 2026.
The increasing awareness towards the benefits of energy storage devices and enhanced regulatory structures have increased their penetration in the global market. Based on system type, the stand-alone segment is expected to be the largest segment of the global solar micro inverters market during the forecast period.
The residential segment was the largest market for solar micro inverters during 2012 - 2015. The segment is estimated to be the largest market during the forecast period.
The key trend observed in the solar micro inverters market is the growing focus towards integrated module systems, also known as AC modules.
The factors driving the growth of solar micro inverters market are increasing consumer preference towards greater efficiency of solar power systems, rising electricity demand, increasing government investments and tariffs on photovoltaic technology and growing applications in the residential sector.
Higher capital expenditure and significant rise in power optimizers are the major factors that are expected to hamper the growth of global solar micro inverters market. Microinverters replace large parts of a central inverter, which makes them costlier as compared to other traditional inverters.
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
4. Global Solar Micro Inverters Market
5. Global Solar Micro Inverters Market, By Geography
6. Porters Analysis
7. Key Company Profiles
Enphase Energy Inc.
Solaredge Technologies, Inc.
Sma Solar Technology Ag
Altenergy Power System Inc.
Darfon Electronics Corp.
Northern Electric And Power Co. Ltd
Sparq Systems, Inc.
Chilicon Power, Llc.
For more information about this report visit https://www.researchandmarkets.com/research/scsj49/global_solar