Residential Sector to Lead Global PV Micro Inverters Market as Demand for Constant Electricity Intensifies

Published Date : Nov 14, 2017

Albany, New York, November 14, 2017: has recently announced the addition of a new research report to its ever-growing research repository. The research report, titled “PV Micro Inverters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022,” highlights the drivers that are likely to shape the trajectory of the overall market. The researchers have also assessed the historical data pertaining to the global PV micro inverters market and compared it to the present day market scenario to determine the future of the overall market. The research report provides a detailed account of opportunities present in the global market as well as regional segmentation for giving its readers a better clarity.

According to the research report, the global PV micro inverters market is expected to show remarkable progress in the coming years. This progress will be characterized by the growing demand for off grid electricity. The increasing awareness about the efficiency of PV micro inverters is anticipated to have a positive influence on the overall market. Additionally, the escalating energy crisis and prices is also expected to push the demand for integrated products in the near future.

The key end users of PV micro inverters are sectors such as utility, commercial, and residential. Out of these, the demand for PV micro inverters will continue to remain high in the residential sectors. The trend is expected to continue throughout the forecast period due to the demand for constant power supply in residential setups, shift from conventional inverters, and awareness about energy-efficient solutions. Usage of PV micro inverters in sectors of utility and commercial is also estimated to see a steady growth rate in the near future. The various types of PV micro inverters available in the global market are standalone and integrated. Both of these hold a substantial share in the global market, with standalone systems leading the market.

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In terms of geography, the global PV micro inverters market is segmented into Asia Pacific excluding Japan, Europe, North America, Japan, and the Middle East and Africa. Of these, North America leads the global market. The phenomenal pace of infrastructural development in the region has been identified as the major driver for the overall market. On the other hand, Europe is anticipated to follow suit as the awareness about the benefits of PV micro inverters grows in the regional market. The research report suggests that Asia Pacific excluding Japan is likely to show a noticeable growth rate with emerging economies showing promising of installations in the coming years.

Some of the leading players operating in the global PV micro inverters market are SMA Solar Technology AG, General Electric, Sungrow Power Supply Co. Ltd., Darfon Electronics Corp., Schenzhen Kstar Science & Technology Co. Ltd., TMEIC, ABB Ltd., TBEA SunOasis Co. Ltd., SunPower Corp., and Enphase Energy Inc. The research report explains the competitive landscape present in the global market in complete detail. With the help of Porter’s five forces reports, the researchers have ascertained the research and development statuses of these players, their business and marketing strategies, and their financial outlooks. Furthermore, the research report also allows the readers to understand the threat present to existing players in the global market. With comments and recommendations from market experts, the publication highlights the emerging trends and headstrong challenges.

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