The
global Solar Microinverter And Power Optimizer
Market share report
provides numbers for applications and regional segments of the industry
covering historical as well as forecast data for decision makers.
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. As per Global Market Insights, Inc., “Solar Microinverter and
Power Optimizer industry revenue, which collected a revenue of USD 550 million
in 2015, is forecast to surpass USD 1.4 billion by 2024.”
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.
Key
industry participants include Tigo Energy, SolarEdge Technologies
Incorporation, Petra Systems Incorporation, Altenergy Power System
Incorporation, KACO New Energy, SolarBridge Technologies, and Sparq Systems.
Browse key industry insights spread across 174
pages with 263 market data tables & 10 figures & charts from this
report Solar
Microinverter and Power Optimizer Market in detail along with the table of contents at:
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
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.
About
Fractovia.org
Fractovia.org is one of India's leading in-house
and free news portal. It is fully automated, and operates on a constant
premise, interfacing with news sites and offering redesigned breaking features
to readers across the globe. Our mission is to offer individuals opportunities
for connections with news writers and distributors which they can pursue. We
operate by mapping articles pertaining to breaking news, constantly and
progressively, against a pre-determined word-based theme, offering important
connections to readers and clients, as well as distributers.
Contact Us:
Arun
Hegde
Corporate
Sales, USA
Fractovia.org
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
No comments:
Post a Comment