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Strategies for Market Entry and Expansion in the Micro-inverter Market

Micro-inverter market is expected to grow from USD 2.5 billion in 2020 to USD 6.5 billion by 2025; it is expected to grow at a CAGR of 20.8%.

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Strategies for Market Entry and Expansion in the Micro-inverter Market

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  1. MarketsandMarkets Presents The Global Micro-Inverter Market Size was valued at USD 2.5 billion in 2020 and is projected to reach USD 6.5 billion by 2025; it is expected to grow at a CAGR of 20.8% from 2020 to 2025. The key factors fueling the growth of this market include increasing demand for micro-inverter solutions in residential applications, growing visibility regarding the inherent benefits offered by them, such as remote monitoring capabilities, upsurge in renewable energy investment, and government initiatives encouraging the adoption of renewable energy.

  2. MarketsandMarkets Presents Software segment to grow at the highest CAGR between 2020 and 2025 Software solutions are mostly integrated with the communication gateway systems of a micro-inverter. Software solutions need to be updated at regular intervals to ensure the optimal performance of micro-inverters. Also, the costs for software and related license updates are borne by end users. These factors contribute to the markets growth at a high CAGR in the near future. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4334 0469

  3. MarketsandMarkets Presents Residential application is projected to grow at the highest CAGR during the forecast period PV installations in the residential sector have been increasing tremendously and are projected to continue in the coming years. Solar inverter systems at residential levels have also become critical due to the increased adoption of residential-scale PV. Micro-inverters are mainly used in residential applications. Owing to their features, such as great scalability and flexibility, and because they are easy to install compared to conventional string or central inverter technology, these micro-inverters are well suited to residential solar rooftop PV installations.

  4. MarketsandMarkets Presents Asia Pacific is expected to grow at the highest CAGR during the forecast period The micro-inverter market in the Asia Pacific is expected to grow at the fastest CAGR during the forecast period due to potential economies such as Japan, China, and India. Rising infrastructural developments in the Asia Pacific region have given rise to using micro-inverters in different commercial applications, including commercial solar projects, commercial renewable energy systems, etc. Furthermore, the increased policy support by governments in the form of tax incentives and schemes such as feed-in-tariffs, as well as tenders and competitive bidding in countries such as India, China, and Japan for promoting the use of clean energy, is expected to fuel the growth of the inverter market in the Asia Pacific for commercial applications.

  5. MarketsandMarkets Presents Key Players The key players operating in the micro-inverter market include Enphase Energy (US), Altenergy Power System (US), Darfon Electronics (Taiwan), ReneSola (China), AEconversion (Germany), and Chilicon Power (US) among others. Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/micro- inverter-market-43340469.html

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

  7. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/micro-inverter.asp

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