A Solar Microinverter and Power Optimizer are plug-and-play devices used in photovoltaics, that convert direct current (DC) generated by a single solar module to alternating current (AC).
Solar Microinverters and Power Optimizers carry out the same task within a solar panel system as they convert direct current (DC) energy into the alternate current (AC) energy that can be used in home. Both of them can monitor the performance of individual solar panels, rather than the solar panel system as a whole. Microinverters and power optimizers improve performance for solar panels on complicated roofs, or roofs that experience marginal shading during the day.
The Solar Microinverter and Power Optimizer market was valued at 670 Million US$ in 2017 and is projected to reach 1430 Million US$ by 2025, at a CAGR of 10.0% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Solar Microinverter and Power Optimizer.
This report presents the worldwide Solar Microinverter and Power Optimizer market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
SolarEdge Technologies
Enphase Energy
Tigo Energy
Altenergy Power System
SunPower Corporation
Ampt
Delta Energy Systems
KACO New Energy
Array Power
Solantro
Solar Microinverter and Power Optimizer Breakdown Data by Type
Solar Microinverter
Power Optimizer
Solar Microinverter and Power Optimizer Breakdown Data by Application
Residential
Commercial
Utility
Solar Microinverter and Power Optimizer Production by Region
United States
Europe
China
Japan
Other Regions
Solar Microinverter and Power Optimizer Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Solar Microinverter and Power Optimizer status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Solar Microinverter and Power Optimizer manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Solar Microinverter and Power Optimizer :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K MW). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Solar Microinverter and Power Optimizer market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.