Solar microinverter market industry analysis, size, share, growth, trends, and forecast 2025 - PowerPoint PPT Presentation

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Solar microinverter market industry analysis, size, share, growth, trends, and forecast 2025

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Global solar micro inverter market was valued at US$ 977.5 Million in 2018 and is anticipated to reach US$ 5,604.6 Million by 2025 displaying explosive CAGR of 28.4% over the forecast period 2019-2025. – PowerPoint PPT presentation

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Title: Solar microinverter market industry analysis, size, share, growth, trends, and forecast 2025


1
Solar Microinverter Market -Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2025
  • Emphasis on Inverter Type (Single Phase, Three
    Phase), Connectivity (Integrated, Standalone),
    Distribution Channel (Direct and Indirect Sale
    Channel), End-Users (Residential, Commercial) and
    Region/Country

2
  • Global solar micro inverter market was valued at
    US 977.5 Million in 2018 and is anticipated to
    reach US 5,604.6 Million by 2025 displaying
    explosive CAGR of 28.4 over the forecast period
    2019-2025. Energy supply from renewable sources
    forms an essential part of energy distribution,
    particularly when there are issues pertaining to
    sustainable environment. In this regard,
    microinverters are of great help. Traditional
    solar systems comprise a single inverter and in
    case of any failure of inverter, there remains no
    backup of energy transfer.

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3
  • Therefore, microinverters are an alternative
    energy source. A solar micro-inverter, or simply
    microinverter, is a plug-and-play device used in
    photovoltaics, that converts direct current
    generated by a single solar module to alternating
    current. Unlike conventional string/central
    inverters, a microinverter works on Module Level
    Power Electronics i.e. power conversion takes
    place at individual module level. This mitigates
    the negative effect of module mismatch and
    improves the overall efficiency of the system.

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4
  • Microinverters also enable module-level
    monitoring, easier installation, enhanced design
    flexibility and better safety than conventional
    inverters. The solar microinverter market is
    driven by constant RD activities and significant
    reduction in the costs of microinverters. The
    solar micro inverter market also receives a great
    boost due to its compact size and versatility.
    Further, increasing requirement of consumers,
    based on modularity, safety, and maximum energy
    harvest will continue to drive the market at a
    considerable pace in coming years.
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5
  • About Us UnivDatos Market Insights (UMI), is a
    passionate market research firm and a subsidiary
    of Universal Data Solutions. Rigorous secondary
    and primary research on the market is our USP,
    hence information presented in our reports is
    based on facts and realistic assumptions. We have
    worked with 200 global clients, including some
    of the fortune 500 companies. Our clientele
    praises us for quality of insights, In-depth
    analysis, custom research abilities and detailed
    market segmentation.
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