Solar Microinverter and Power Optimizer Market
Solar Microinverter and Power Optimizer Market Global Industry Assessment & Forecast
- By Product Solar Microinverter, Power Optimizer
- By Application Residential, Commercial, Utility
|Forecast Years:||2021 - 2028|
|Historical Years:||2016 - 2020|
|Revenue 2021:||4.12 Billion|
|Revenue 2028:||7.30 Billion|
|Revenue CAGR (2021 - 2028):||7.41|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
|Sr. No.||Offering||Report Coverage|
|1.||Market Size||In terms of Revenue (USD Million)|
|2.||Historic Data||2015 to 2019|
|3.||Forecast Data||2021 to 2028|
|4.||Market Drivers, Restraints, Opportunities, & Regional Market Trends||Yes|
|5.||Market Attractiveness Analysis||Yes|
|6.||Segment Analysis||Maximum Segments|
|7.||Regional Coverage||5 Regions|
|8.||Country Coverage||Top 22 Countries|
|9.||Competitive Landscape and Company Market Share Analysis||Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles.|
|10.||Porter’s Five Forces Analysis||Yes.|
|11.||Value Chain Analysis||Yes|
|15.||COVID-19 Impact Analysis||Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics.|
|16.||Top startups to watch out for||Yes|
|17.||Top 3 Trends to Watch||Yes|
|18.||Top 3 Strategies Followed by Major Players||Yes|
|19.||Top 3 Predictions by Vantage Market Research||Yes|
|21.||Key Primary Respondents - VERBATIM||Yes|
|22.||Transcripts from the Primary Respondents||Additional Cost USD 1,000|
Frequently Asked Question
What is the global demand for Solar Microinverter and Power Optimizer in terms of revenue?
The global Solar Microinverter and Power Optimizer valued at 4.12 Billion in 2020 and is expected to reach 7.30 Billion in 2028 growing at a CAGR of 7.41%.
Which are the prominent players in the market?
The prominent players in the market are Tigo Energy, KACO New Energy, Enphase Energy, Delta Energy Systems, SunPower Corporation, Ampt, Altenergy Power System, Array Power, Solantro, SolarEdge Technologies..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 7.41% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
The driving factors of the Solar Microinverter and Power Optimizer include
- The decrease in costs of microinverters and power optimizers and the increasing research and development by manufacturers in order to refine the technologies is anticipated to augment the growth of the market over the forecast period.
- The favorable government incentives including tax rebate, low import duty, financial assistance and soft loans would further augment the growth of the market over the forecast period.
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Solar Microinverter and Power Optimizer in 2020.