Jan 21, 2020   SOURCE: BusinessWire

Global Solar Microinverter Market Strengths, Weaknesses, Threats & Opportunities During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

The "Solar Microinverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The publisher expects the market to reach a value of US$ 2.37 Billion by 2024, registering a CAGR of around 25% during 2019-2024.

The global solar microinverter market reached a value of US$ 230 Million in 2018. A solar microinverter is an electronic equipment which is used in photovoltaic (PV) cells for changing the waveform of the current. The inverter usually functions in a parallel circuit and is used for changing direct current (DC) into alternating current (AC). The PV cell system consists of several single solar panels, each comprising a microinverter. The device can separate power output from each panel and convert it into grid voltage. In comparison to conventional string converters, they have various advantages including the ability to maintain a consistent flow of power despite shading of panels, immense design flexibility, the capability to maximize power from solar panels through the Maximum Power Point Tracking (MPPT) technology and reduced risk of fire.

The market is driven by the increasing deployment of solar microgrids, along with the rising energy demand across both the commercial and industrial sectors. The increase in residential solar rooftop installations is also acting as another major growth-inducing factor. Additionally, the increasing utilization of Building-Integrated Photovoltaics (BIPV) is also augmenting the growth of the market. The BIPV is the integration of PV power generators into the building envelope materials that act as an ancillary or principal source of electrical power. Microinverters assist in maintaining the ambient temperatures while protecting the building against various fire hazards. Moreover, factors including growing product demand owing to its remote monitoring capabilities, increasing research and development (R&D) activities and the implementation of government initiatives to promote the use of renewable energy is further driving the growth of the market.

Key Questions Answered in This Report:

  • How has the global solar microinverter market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global solar microinverter industry?
  • What is the breakup of the market based on the connectivity?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the communication channel?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the global solar microinverter industry?
  • What are the key driving factors and challenges in the global solar microinverter industry?
  • What is the structure of the global solar microinverter industry and who are the key players?
  • What is the degree of competition in the global solar microinverter industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Solar Microinverter Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Connectivity

5.4 Market Breakup by Component

5.5 Market Breakup by Communication Channel

5.6 Market Breakup by Type

5.7 Market Breakup by Application

5.8 Market Breakup by Region

5.9 Market Forecast

6 SWOT Analysis

6.1 Overview

6.2 Strengths

6.3 Weaknesses

6.4 Opportunities

6.5 Threats

7 Value Chain Analysis

8 Porter's Five Forces Analysis

8.1 Overview

8.2 Bargaining Power of Buyers

8.3 Bargaining Power of Suppliers

8.4 Degree of Competition

8.5 Threat of New Entrants

8.6 Threat of Substitutes

9 Market Breakup by Connectivity

9.1 Standalone

9.2 On-Grid

10 Market Breakup by Component

10.1 Hardware

10.2 Software

11 Market Breakup by Communication Channel

11.1 Wired

11.2 Wireless

12 Market Breakup by Type

12.1 Single Phase

12.2 Three Phase

13 Market Breakup by Application

13.1 Residential

13.2 Commercial

13.3 Others

14 Market Breakup by Region

14.1 North America

14.2 Europe

14.3 Asia Pacific

14.4 Middle East and Africa

14.5 Latin America

15 Price Analysis

16 Competitive Landscape

16.1 Market Structure

16.2 Key Players

16.3 Profiles of Key Players

16.3.1 ABB

16.3.2 Chilicon Power

16.3.3 Enphase Energy

16.3.4 APsystems

16.3.5 SunPower

16.3.6 Darfon Electronics Corporation

16.3.7 Delta Energy Systems

16.3.8 Siemens

16.3.9 Alencon Systems

16.3.10 Renesola

16.3.11 Omnik New Energy

16.3.12 Enluxsolar

16.3.13 Sungrow

16.3.14 Sensata Technologies

For more information about this report visit https://www.researchandmarkets.com/r/4jz3au