Solar microinverter and power optimizer market in china is predicted to exceed 1.4 GW by 2024
Category: #Technology  By Sachin Pashte  Date: 2019-08-13
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Solar microinverter and power optimizer market in china is predicted to exceed 1.4 GW by 2024

China Solar Microinverter And Power Optimizer Market size will be observing an extensive growth in the coming years. China introduced a strategy to lighten poverty by increasing the income of underprivileged households through installation of solar systems. The National Energy Agency (NEA) is framing policies for the deployment of PV technology across off-grid areas.

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The Indian government is developing subsidy schemes, with a 40% subsidy on the initial capital investment toward the installation of PV systems in the urban and rural areas. Owing to such favorable government initiatives, India solar microinverter and power optimizer market will depict a steep CAGR of more than 20% over 2016-2024.

UK solar microinverter and power optimizer industry contributed to more than 10% of the regional share in 2015, and will witness substantial gains in the years to come, driven by high installation rate of solar rooftop systems. Government regulations pertaining to the increased adoption of renewable energy sources over fossil fuels will spur Germany solar microinverter and power optimizer market, which was valued at a revenue of more than USD 30 million in 2015.

Increasing deployment of solar rooftop systems across malls, buildings, and other commercial complexes will further augment solar microinverter and power optimizer industry in commercial applications, projected to cross a target revenue USD 300 million by 2024.

Browse key industry insights spread across 174 pages with 263 market data tables & 10 figures & charts from the report, “Solar Microinverter And Power Optimizer Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/solar-microinverter-and-power-optimizer-market

Three phase solar microinverters and power optimizers help enhance the system downtime, in addition to possessing features such as upgraded conversion efficiency coupled with high circuit density in comparison with their counterparts. High demand for uninterrupted power supply will fuel solar microinverter and power optimizer market in the utility sector in the years to come.

Owing to the rising adoption of rooftop solar PV systems, solar microinverter and power optimizer market in residential applications is slated to witness healthy gains over 2016-2024, having recorded a revenue of more than USD 440 million in 2015. Government encouragement toward the utilization of solar rooftop systems in residential applications will subsequently stimulate on-grid solar microinverter and power optimizer industry, which was worth more than USD 120 million in 2015. Favorable initiatives such as tax rebate, low interest rate loans, feed in tariff, subsidies, and other financial benefits will also drive on-grid solar microinverter and power optimizer market growth over 2016-2024.

Increased R&D investments and development of innovative products are key strategies adopted by major companies. Leading industry participants include Ampt, Enphase Energy, Petra Systems, SunPower Corporation, Sparq Systems, i-Energy, Delta Energy Systems, SolarEdge Technologies, Solantro, KACO New Energy, Tigo Energy, Array Power, Chilicon Power, Alencon Systems, and Altenergy Power Systems. Public awareness regarding the advantages of renewable energy sources over conventional energy sources will eventually lead to increased product demand, positively influencing solar microinverter and power optimizer industry.

Table Of Content For This Research Report:

Chapter 4   Solar Microinverter and Power Optimizer Market, By Connectivity

4.1    Global solar microinverter and power optimizer industry share by connectivity, 2015 & 2024

4.2    Standalone

4.2.1     Standalone solar microinverter and power and optimizer industry, 2013 - 2024

4.2.2     Standalone solar microinverter and power optimizer industry volume, by region, 2013 - 2024

4.2.3     Standalone solar microinverter and power optimizer industry revenue, by region, 2013 - 2024

4.3    On-grid

4.3.1     On-grid solar microinverter and power optimizer industry, 2013 - 2024

4.3.2     On-grid solar microinverter and power optimizer industry volume, by region, 2013 - 2024

4.3.3     On-grid solar microinverter and power optimizer industry revenue, by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @

https://www.gminsights.com/toc/detail/solar-microinverter-and-power-optimizer-market

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About Author

Sachin Pashte    

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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