Global Solar Microinverter Market 2020-2024

Global Solar Microinverter Market 2020-2024

The author has been monitoring the solar microinverter market and it is poised to grow by $ 618.54 mn during 2020-2024 progressing at a CAGR of 12% during the forecast period. The reports on solar microinverter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing solar energy installation, declining cost of solar energy, and growing investments in renewable energy.

The solar microinverter market analysis includes end-user segment and geographical landscape.

The solar microinverter market is segmented as below:

By End-user

• Residential
• Non-residential

By Geographic Landscapes

• North America
• Europe
• APAC
• South America
• MEA

This study identifies the increasing deployment of microgrids as one of the prime reasons driving the solar microinverter market growth during the next few years. Also, development of zero-energy buildings will lead to sizable demand in the market.

The solar microinverter market covers the following areas:

• Solar microinverter market sizing
• Solar microinverter market forecast
• Solar microinverter market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar microinverter market vendors that include ABB Ltd., Autarco Group BV, Chilicon Power LLC, Enphase Energy Inc., LeadSolar Energy Co. Ltd., ReneSola Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, and SolarEdge Technologies Inc.. Also, the solar microinverter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The author presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.