Report Scope: In this report, the market has been segmented by phase type, connectivity, capacity, end-user and geography. The report provides an overview of the global microinverter market and analyzes market trends.
NEW YORK, September 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, Microinverters: Global Markets – https://www.reportlinker.com/p06320050/?utm_source=GNW
Using 2021 as the base year, the report provides estimated market data for the forecast period from 2022 to 2027. Market values have been estimated based on the total sales of microinverter vendors.
The report covers the Micro Inverters Market in terms of end-user base across different regions. It also highlights key trends and challenges that may impact the market and vendor landscape.
The report estimates the global microinverter market in 2021 and provides projections of the expected market size up to 2027.
The scope of the study includes the phase type, connectivity, capacity and end user of the microinverter. However, utility-scale applications were excluded from the study.
Report contains:
– 110 data tables and 67 additional tables
– A comprehensive overview and up-to-date analysis of the global microinverter markets
– Analyzes of global market trends with historical sales data for 2021, estimates for 2022, forecasts for 2023 and 2025 and projections of five-year compound annual growth rates (CAGRs) up to 2027
– Estimation of the actual market size and market forecast for microinverters in terms of value and volume, along with the corresponding market share analysis based on inverter phase, connectivity, load capacity, end-user segment and geographic region
– Assessing the key driving factors, opportunities and challenges in this innovation-driven market, with a focus on the impact of COVID-19 on the Microinverter Market
– Discussion of the industry value chain analysis, which envisages a systematic investigation of the main intermediaries involved, with a focus on manufacturers, suppliers and the main types of end users of these products
– Review of microinverter pending and published patents by major category and detailed description of recently issued key patents
– Insight into recent industry structure, increasing investments in R&D activities, key growth strategies, and strategic analysis of the key players in the global Microinverter market
– Identification of key stakeholders and analysis of the competitive landscape based on recent developments and segment sales
– Clear company profiles of the leading global players, including AEconversion GmbH & Co. Kg., Crystal Solar Energy, Enphase Energy Inc., Siemens AG and Solar Panels Plus LLC
Summary:
The analyst studied how the Micro Inverters market is changing and how it has evolved. This analysis includes a detailed study of new organizations in the market as well as existing organizations.
At an industry level, BCC Research identifies, studies, describes and delivers global and regional market sizes for 2021 and forecasts demand from 2022 to 2027.
Microinverters have advantages over traditional inverters. Benefits include better efficiency, individual monitoring, safer use, economy, longer life, fast turn-off capability, higher power generation, and suitability for varied conditions, among others.
These advantages are likely to boost market demand for micro-inverters over the forecast period.
The value of the Global Microinverter Market was valued at more than REDACTED $ in 2021. The Micro Inverter Market is forecast to grow at a CAGR of REDACTED % during the forecast period and reach REDACTED $ by 2027.
Solar energy is a clean power source; Solar power generation is growing tremendously in countries like China, Germany, Spain and USA hence the microinverter market in these countries is expected to witness high demand during the forecast period. Furthermore, the governments of both developed and developing countries are determined to expand their alternative energy sources and this is expected to drive the market demand for microinverters over the forecast period.
This report segments the global microinverter market based on phase type, connectivity, capacity, end-user and geography. Based on phase type, the microinverter market is categorized into single phase and three phase.
The single phase segment currently dominates the market and was rated REDACTED$ in 2021. The single phase segment of the microinverter market is estimated to grow at a CAGR of REDACTED% during the forecast period to reach $REDACTEDbased by 2027.
Based on connectivity, the microinverter market is segmented into standalone and on-grid. Based on capacity, the microinverter market is segmented into 250W, 250-600W and >600W.
Based on end-users, the microinverter market is segmented into residential, commercial and industrial segments.
By region, the microinverter market is segmented into North America, Europe, Asia Pacific, South America and RoW. The North America region is currently the largest microinverter market by region.
In 2021, the total revenue from the North American microinverter market reached REDACTED $, which is approximately REDACTED % of the global market. The presence of leading global companies, a robust technology infrastructure, a favorable political and economic environment, and increasing demand for solar energy are some of the key factors driving the North American market.
Asia Pacific is currently the fastest growing microinverter market in the world. Asia Pacific Microinverter Market was rated REDACTED $ in 2021.
Asia Pacific Microinverter Market is projected to grow at a CAGR of REDACTED % and is projected to reach over REDACTED $ by 2027.
Read the full report: https://www.reportlinker.com/p06320050/?utm_source=GNW
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