Micro Inverter Market to Reach $2.7 Billion by 2022, Globally-Allied Market Research - Seite 2

"MLPE technologies such as micro inverters are swiftly gaining acceptance and market share as their costs have come down. In spite of the global dominance of string inverters, over half of all residential solar systems installed in the U.S. currently using micro inverters. In addition, increased power output of micro inverters, cost-effectiveness and enhanced safety features would fuel the micro inverter market growth in both residential and commercial sector globally. Japan, representing a significant residential market potential, is expected to provide lucrative growth opportunities for top global micro inverter manufacturers in Asia-Pacific market," states Rakesh Singh, Manager, Research, Semiconductor & Electronics at AMR.

However, Asia-Pacific is projected to be the fastest growing region throughout the analysis period. Since, Japan has the highest demand for residential sector power plant PV installation due to government incentives and limited supply of micro inverters in Japan. Moreover, enhancement in solar plant installation capacity and increase in expenditures in the emerging markets (such as China and India) to satisfy the exponentially growing electricity needs in these countries have strengthened the market growth. Technological advancements for cost-effective inverter technologies in these nations offer a lucrative opportunity for the micro inverter market growth.

Key findings of the study: 

• In 2014, single phase micro inverter type led the overall micro inverter market revenue, but it is projected to grow at a CAGR of 26.2% during the forecast period
• Residential segment is expected to exhibit rapid growth, owing to the rising government tariffs and incentives
• Presently, North America leads the world micro inverter market and it is expected to continue this trend throughout the forecast period owing to the swift rise in electricity demand from countries such as U.S., Canada, and Mexico
• Japan leads the overall Asia-Pacific micro inverter market with about one-third of the market shares in the region

The key players in the micro inverter market are dedicated to expand their business operations in the emerging countries with acquisition and product launch as a preferred strategy. The major players profiled in this report include Enphase Energy, Inc., ABB Group, SunPower Corporation, SMA Solar Technology AG, Delta Energy Systems GmbH, SolarEdge Technologies, Inc., ReneSola, Siemens AG, P&P Energy Technology Co., Ltd., and Involar.