The Key Players in Global Solar Microinverter Market 2016-2020
Wednesday 18 May 2016, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the Global Solar Microinverter Market: ABB, Enphase Energy, SMA, SolarEdge, SunPower, APS, and Cybo Energy.
Other Prominent Vendors in the market are: APS, Chilicon Power, iEnergy, Involar, LeadSolar, ReneSola, and Sparq Systems.
Commenting on the report, an analyst said: “An emerging trend in the microinverter market is the rise in environmental concerns and shift to renewable energy. Fossil fuels are the most extensively used power source worldwide. However, combustion of fossil fuels releases large quantities of GHGs, causing global warming and extreme weather conditions. As a result, countries such as India, Germany, China, and the US are investing in clean technology. This is an area where PV technology has an edge because it produces clean and renewable solar electricity. For instance, electricity production accounts for over one-third of the US global warming emissions, out of which nearly 25% is generated by coal-fired plants. The global warming emissions associated with the entire life cycle of renewable energy (that includes manufacturing, installation, operation, maintenance, dismantling, and decommissioning) is minimal.”
According to the report, a key driver of market growth is the easy installation and customization of microinverters. Solar microinverters are easy to install and have simpler operations compared to string inverters and central inverters. These solar microinverters work independently as they follow MTTP. This reduces complications and the need for technical expertise. Therefore, the cost of labor for system design is low. This in turn, reduces the overhead cost. Apart from this, solar microinverters can be customized depending on the site and requirements, giving better flexibility compared to conventional inverters.
Further, the report states that one challenge that could hamper market growth is the fact that there is less product differentiation between offerings by vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Solar Micro Inverters 2016-2020
Publish date : May 2016
Report code : ASDR-271718
Pages : 56