Thursday, 18 May 2017

Solar Microinverter and Power Optimizer Market to hit $1.74bn by 2024

The technology research report Solar Microinverter And Power Optimizer Market Size, By Connectivity (Standalone, On-grid), By Application (Residential, Commercial, Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Spain, France, Netherland, China, India, Japan, Australia, South Korea, UAE, South Africa, Brazil, Chile, Argentina), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Solar Microinverter and Power Optimizer Market size will exceed USD 1.4 billion by 2024; driven by increasing rooftop PV installation.

High preference for sustainable green energy and enhanced power harvesting systems will push solar microinverter and power optimizer market. Elevated demand for PV systems across commercial and residential ventures for reliable and improved power supply is likely to contribute toward the surging growth of this industry. Beneficial legislations such as tax concessions, subsidies, and monetary support will open new vistas for the business.

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Standalone products and on-grid systems help in connecting solar microinverter & power optimizers. On-grid solar microinverter and power optimizer industry share, worth USD 120 million in 2015, will grow at an annual rate of 15% over 2016-2024. Favorable government regulations such as tax discounts, feed-in- tariff, and financial aids will push the business landscape.

Solar microinverter & power optimizers find extensive application across utility, residential, and commercial sectors. Solar microinverter and power optimizer market revenue across commercial sector is expected to cross the revenue margin of USD 300 million by 2024. High energy throughput and enhanced security measures will contribute significantly toward the market demand. Residential applications, which collected a revenue of USD 400 million in 2015, are forecast to observe a robust expansion. Rise in installation of PV systems on the rooftops of residential constructions will propel the revenue.

Considering the geographical trends, below mentioned are the regional highlights pertaining to the industry growth:

               Solar microinverter and power optimizer industry size in the U.S. is slated to grow at a CAGR of 15% over the coming timeframe. Government schemes encouraging large-scale deployment of solar power systems across commercial and residential constructions will drive the development.

               Solar microinverter and power optimizer market size in China, worth USD 50 million in 2015, is anticipated to observe a striking growth over 2016-2024. High government emphasis on the use of renewable energy to fulfill the rising power supply needs will further propel the industry growth.

               UK solar microinverter and power optimizer industry, which contributed nearly 10% of Europe market revenue in 2015, will expand notably due to government policies promoting to use green energy.

               Chile solar microinverter and power optimizer industry, which contributed more than 20% of Latin America solar microinverter and power optimizer market share in 2015, is projected to witness a high surge, owing to its project in harnessing 70% of overall energy through sustainable resources by 2050.  Large availability of solar power, low rate of interests, and political stability are few of the factors predicted to boost the industry revenue.

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  Report Content

Chapter 1    Methodology & Scope
1.1     Research Methodology
1.1.1     Initial data exploration
1.1.2     Statistical model and forecast
1.1.3     Industry insights and validation
1.1.4     Scope and assumptions
1.2    Data Sources
1.2.1.    Primary sources
1.2.2.    Secondary sources
Chapter 2    Executive Summary
2.1    Solar microinverter and power optimizer industry 3600 synopsis, 2013 - 2024
2.1.1     Business trends
2.1.2     Connectivity trends
2.1.3     Application trends
2.1.4     Regional trends
Chapter 3   Solar Microinverter and Power Optimizer Industry Insights
3.1    Industry segmentation
3.2    Industry size & forecast, 2013 – 2024
3.3    Industry ecosystem
3.3.1     Vendor matrix
3.4    Technology & innovation landscape
3.5    Regulatory landscape
3.5.1     U.S.
3.5.2     India
3.5.3     Europe
3.5.4     China
3.5.4     Japan
3.7    Industry impact forces
3.7.1     Growth drivers   Increasing rooftop PV installation   Cost effective and highly reliable   Higher efficiency
3.7.2     Industry pitfalls & challenges   High initial cost over other alternatives
3.8    Growth potential analysis
3.9    Porter’s analysis
3.10  Competitive landscape, 2015
3.10.1 Strategy dashboard
3.11  PESTEL analysis

Browse key industry insights spread across 174 pages with 263 market data tables & 10 figures & charts from the report Solar Microinverter And Power Optimizer Market in detail along with the table of contents:

This latest Solar Microinverter And Power Optimizer Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Solar Microinverter And Power Optimizer industry from business strategy perspective, describing in detail growth drivers, pitfalls & challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

·   Global Solar Microinverter And Power Optimizer Market size & forecast by product & application.

·         Growth drivers, pitfalls & industry challenges.

·   Key Solar Microinverter And Power Optimizer Market growth opportunities & emerging business models.

·         Competitive benchmarking with market share analysis and company profiles.

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