Solar Microinverter and Power Optimizer Market
A mechanical device called a solar microinverter & power optimizer uses thermal energy to produce mechanical work from a rotating output shaft. A boiler, condenser, turbine, feed pump, and countless more parts make up a solar microinverter and power optimizer.
Growth Factors
Solar microinverters and power optimizers can be useful for solar PV systems, although they operate in different ways. When more than one of the system’s panels is shaded, both systems, which are embedded within solar panels, allow PV cells to function at their peak levels. The primary distinction between the two is that while power optimizers are used to change a solar panel’s performance via maximum power point tracking, which is primarily a method to condition a DC current created by the PV cells before actually sending it to a central inverter, microinverters directly convert the DC current generated by solar panels into the AC current that can be used by home appliances.
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Throughout the projection period, it is anticipated that high adoption rates of clean energy technologies, such as PV systems, among residential and commercial end users will grow the market share of solar microinverters and power optimizers. The federal government of the United States established the Solar Investment Tax Credit (ITC) programme, which offers a 30 percent tax credit for the installation of PV systems in both residential and commercial facilities. The market for solar microinverters and power optimizers will be propelled by developments in the power harvesting sector as well as declining component costs.
To increase PV design efficiency and, as a result, increase the end user’s total return on investment, businesses like Solar Bridge and Tigon are working to develop integrated module smart technology inverters. Due in major part to the significant cost reduction of microinverters and power optimizers as well as manufacturers’ continued efforts to develop and improve the technologies, the market, which is already growing, will continue to expand over the length of the report’s forecast period.
This Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Market Segmentation
Global Solar Microinverter and Power Optimizer Market: Major Players
Enphase Energy
Array Power
SolarEdge Technologies
Altenergy Power System
Tigo Energy
Solantro
KACO New Energy
Ampt
SunPower Corporation
Delta Energy Systems
Global Solar Microinverter and Power Optimizer Market: Types
Solar Microinverter
Power Optimizer
Global Solar Microinverter and Power Optimizer Market: Applications
Residential
Commercial
Utility
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Global Solar Microinverter and Power Optimizer Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Solar Microinverter and Power Optimizer market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Reasons to Purchase this Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
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