The Key Players in Global Solar Microinverter Market 2018-2022

Monday 28 May 2018, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the global solar microinverter market: ABB, Chilicon Power, Enphase Energy, Renesola, SMA Solar Technology, and SolarEdge Technologies.

Commenting on the report, an analyst said: “One trend in the market is increasing deployment of microgrids. According to the solar microinverter market forecast, the increasing deployment of microgrids is one of the key trends in the solar microinverter market. Several energy sources like biomass, solar, wind, geothermal, and fossil fuels can be coupled in microgrids that can function self-sufficiently.”

According to the report, one driver in the market is increasing solar energy installation. In the recent times, the solar energy industry has gained significant popularity and has grown sharply due to the initiatives undertaken by governments globally that focus on harnessing renewable energy.

Further, the report states that one challenge in the market is rise in wind energy consumption. Countries worldwide are shifting their focus toward the use of renewable sources to produce power because of depleting conventional sources of energy such as fossil fuels and growing concerns about GHG emissions.

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.