DUBLIN--(BUSINESS WIRE)--The "Micro-Inverter - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to this report, the Global Micro-Inverter market accounted for $2.07 billion in 2017 and is expected to reach $10.95 billion by 2026 growing at a CAGR of 20.3% during the forecast period.
Some of the key factors propelling the market growth are benefits over conventional solar inverter technologies, upsurge in renewable energy investment, demand for micro-inverters due to remote monitoring capabilities and rise in residential solar rooftop installations. However, Higher Initial and Maintenance Cost of Micro-Inverters are restraining factors for the market.
By Type, Single-Phase segment acquired significant growth because it enables the system to have a compact size, which is well suited for residential and commercial applications. Most of the micro-inverter manufacturers across the world offer single-phase systems.
Also, as single-phase electricity transmission is well suited for residential applications, this is also one of the major markets for micro-inverters, witness high demand worldwide. For instance, in countries such as the US, Australia, and European countries, the residential segment operates on single-phase transmissions of electricity.
On the basis of geography, In Asia-Pacific, micro inverter market is expected to have the fastest growth in Japan during the forecast period. On a global scale, Japan is not the biggest market but it's in the top three, with strong governmental support, and its huge solar energy industry.
However, in spite of representing a major residential market potential, it has been facing limited micro inverter shipments. It is expected that the penetration rate of micro inverters into Japanese market would increase drastically to 7% of total installations by 2018.
Another factor for catalyzing the market in Japan could be micro inverter suppliers obtaining Japan Electrical Safety & Environment Technology Laboratories (JET) certification.
What the report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
5 Global Micro-Inverter Market, By Component
6 Global Micro-Inverter Market, By Type
7 Global Micro-Inverter Market, By Connection
8 Global Micro-Inverter Market, By Technology
9 Global Micro-Inverter Market, By Sales Channel
10 Global Micro-Inverter Market, By Application
10.3 PV Power Plant
11 Global Micro-Inverter Market, By Geography
11.2 North America
11.5 South America
11.6 Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.5 Other Key Strategies
13 Company Profiling
13.1 ABB Group
13.3 Altenergy Power System
13.4 Chilicon Power
13.5 Darfon Electronics
13.6 Delta Energy Systems GmbH
13.8 Enphase Energy Inc.
13.10 Omnik New Energy
13.11 P&P Energy Technology Co. Ltd.
13.13 Samil Power
13.14 Saronic (EU) Power Tech
13.15 Sensata Technologies
13.16 Siemens AG
13.17 SMA Solar Technology AG
13.18 SolarEdge Technologies Inc.
13.19 Sparq Systems
13.20 SunPower Corporation
13.21 U R Energy
For more information about this report visit https://www.researchandmarkets.com/r/22mv75