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Micro Inverter Market to Rise with a Notable Growth

MLPE technologies such as micro inverters are swiftly gaining acceptance and market share as their costs have come down. In spite of the global dominance of string inverters, over half of all residential solar systems installed in the U.S. currently using micro inverters. In addition, increased power output of micro inverters, cost-effectiveness and enhanced safety features would fuel the micro inverter market growth in both residential and commercial sector globally. Japan, representing a significant residential market potential, is expected to provide lucrative growth opportunities for top global micro inverter manufacturers in Asia-Pacific market

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Micro Inverter Market to Rise with a Notable Growth

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Micro Inverter Market Global Opportunity Analysis and Industry Forecast, 2014-2022

  2. Introduction Micro inverter market is expected to garner $2.7 billion by 2022 Micro inverter is an emerging solar inverter technology used to convert direct current (DC) electricity generated by solar panels into alternating current (AC) electricity The rise in micro inverters market share in the overall photovoltaic (PV) inverter market can be attributed to improved efficiency and higher power output Micro inverters are highly efficient as compared to other inverters such as string and central inverters Technological advancements in the field of micro inverters to increase efficiency and rise in government spending on renewable energy projects are expected to provide greater opportunities in the market In 2014, North America dominated the market and contributed about 45% share of the overall market revenue, followed by Europe

  3. Key Factors of the Market • Swift rise in demand for greater efficiency of solar energy systems and increased application of micro inverters in residential sector, as it is more cost-effective and space efficient, as compared to central and string inverters drives the market growth • MLPE technologies such as micro inverters are swiftly gaining acceptance and market share as their costs have come down • Increased power output of micro inverters, cost-effectiveness and enhanced safety features would fuel the micro inverter market growth in both residential and commercial sector globally • The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth

  4. Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/1702

  5. Key Findings of the Market • In 2014, single phase micro inverter type led the overall micro inverter market revenue, but it is projected to grow at a CAGR of 26.2% during the forecast period • Residential segment is expected to exhibit rapid growth, owing to the rising government tariffs and incentives • Presently, North America leads the world micro inverter market and it is expected to continue this trend throughout the forecast period owing to the swift rise in electricity demand from countries such as U.S., Canada, and Mexico • Japan leads the overall Asia-Pacific micro inverter market with about one-third of the market shares in the region

  6. Market Segmentation

  7. Key Players of the Market • Enphase Energy, Inc. • ABB Group • SunPower Corporation • SMA Solar Technology AG • Delta Energy Systems GmbH • SolarEdgeTechnologies, Inc. • ReneSola • Siemens AG • P&P Energy Technology Co., Ltd., and • Involar • For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/1702

  8. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

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