Global Micro Inverter market 2021

Posted by aliena on January 7th, 2021

In this report, Future Market Insights (FMI) offers a 10-year forecast on the global Micro Inverter market between 2016 and 2026. In terms of value, the market is expected to expand at a CAGR of 16.6% over the forecast period. The current study reveals the market trends and market dynamics across the globe that are expected to positively affect the current market environment and future scenario of the Micro Inverter market over the forecast period.

Report Description

This Future Market Insights report inspects the Micro Inverter market for the period 2016–2026. The prime objective of this report is to offer insights into developments in the global Micro Inverter landscape that are gradually helping transform global businesses associated with the same. 

The global Micro Inverter market report begins with an executive summary and defining the micro inverter technology and its presence in the module level power electronics (MLPE) landscape. It is followed by market dynamics overview of the global Micro Inverter market, which includes FMI analysis of market trends, drivers, restraints, opportunities and threats that are affecting the growth of the Micro Inverter market. Impact analysis of key growth drivers and restraints based on weighted average model has also been included in this report after examining individual regions, to better equip readers with qualitative and quantitative insights on the ongoing scenario in the global Micro Inverter market. The report also covers a brief description about the Micro Inverter distribution channel and pricing trends across the globe.

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Growing PV installations worldwide, owing to various government initiatives and falling PV system prices coupled with rising awareness about the benefits of module level power electronics (MLPE) are the main factors driving the demand for micro inverters. However, rising penetration of power optimisers which offers similar benefits to micro inverters is a major restraint to the growth in the market. The report also presents a competitive description between the two technologies and their estimated share in the global Micro Inverter market in 2016 and 2026.

One of the key trends in the global Micro Inverter market is the increasing focus of prominent players in the micro inverter segment towards integrated module systems known as AC Modules, and the market is continuously witnessing numerous strategic partnerships regarding the same, along with many new integrated product launches lined from 2017 onwards.

Further, the global Micro Inverter market is segmented on the basis of system type, end use, and region. On the basis of system type, the market has been segmented into Stand Alone and Integrated Systems. Micro Inverters sold for integration purpose is gaining popularity and as micro inverter prices drops and more products in the segment are introduced, the segment is projected to register a significantly higher CAGR over the forecast period.

On the basis of end use type, the market has been segmented into Residential (0-20Kw), Commercial (20Kw-1Mw) and Utility (1Mw and above) scale installations. As of now, micro inverters present an economical solution for residential and small scale commercial installations, and are rarely installed in large megawatt projects. A large number of photovoltaic installations are anticipated to come from commercial scale installations, especially in China, India and Japan, leading the commercial segment to grow with the fastest CAGR.

The report covers a brief introduction about the segments being covered. Furthermore, to understand the popularity of the market segment and regions, the attractiveness index with elaborated insights on the same is provided, which will show the market’s attractiveness based on the factors such as CAGR and incremental opportunity.

The next section of the report highlights the global Micro Inverter, by region, and provides the market outlook for 2016–2026. The study investigates the regional trends contributing to growth of the solar market and the market attractiveness regionally. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).