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.
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.
Report Content
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
3.7.1.1
Increasing rooftop PV installation
3.7.1.2
Cost effective and highly reliable
3.7.1.3
Higher efficiency
3.7.2
Industry pitfalls & challenges
3.7.2.1
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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