The solar microinverter market size has the potential to grow by $ 618.54 mn during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (Residential and Non-residential) and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including ABB Ltd., Autarco Group BV, Chilicon Power LLC, Enphase Energy Inc., LeadSolar Energy Co. Ltd., ReneSola Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, and SolarEdge Technologies Inc.
Market Overview
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Market Competitive Analysis
The market is fragmented. ABB Ltd., Autarco Group BV, Chilicon Power LLC, Enphase Energy Inc., LeadSolar Energy Co. Ltd., ReneSola Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, and SolarEdge Technologies Inc. are some of the major market participants. Factors such as the increasing solar energy installation will offer immense growth opportunities. However, rise in wind energy consumption may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this solar microinverter market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this solar microinverter market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- ABB Ltd.
- Autarco Group BV
- Chilicon Power LLC
- Enphase Energy Inc.
- LeadSolar Energy Co. Ltd.
- ReneSola Ltd.
- Schneider Electric SE
- Siemens AG
- SMA Solar Technology AG
- SolarEdge Technologies Inc.
Solar Microinverter Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The increasing deployment of microgrids will significantly influence solar microinverter market's growth in this region.
69% of the market's growth will originate from North America during the forecast period. The US is the key markets for solar microinverter market in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the solar microinverter market size.
Solar Microinverter Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will solar microinverter market growth during the next five years
- Precise estimation of the solar microinverter market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the solar microinverter industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of solar microinverter market vendors
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Solar Microinverter Market Scope
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Report Coverage
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Details
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Page number
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120
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Base year
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2019
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Forecast period
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2020-2024
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Growth momentum & CAGR
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Accelerate at a CAGR of 12%
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Market growth 2020-2024
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$ 618.54 million
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Market structure
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Fragmented
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YoY growth (%)
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5.29
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Regional analysis
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North America, Europe, APAC, South America, and MEA
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Performing market contribution
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North America at 69%
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Key consumer countries
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US, Germany, China, UK, and Italy
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Competitive landscape
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Leading companies, competitive strategies, consumer engagement scope
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Companies profiled
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ABB Ltd., Autarco Group BV, Chilicon Power LLC, Enphase Energy Inc., LeadSolar Energy Co. Ltd., ReneSola Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, and SolarEdge Technologies Inc.
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Market Dynamics
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Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Customization purview
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If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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