Asia Pacific Solar Microinverter Market to Witness High Growth until 2025
Growing need for renewable
sources of energy is expected to drive the growth of Asia Pacific solar
microinverter market
According to
TechSci Research report, “Asia
Pacific Solar Microinverter Market By Type (Single Phase and Three Phase),
By Connectivity (Integrated, Standalone), By Application (Residential,
Commercial, PV Power Plant), By Sales Channel (Direct and Indirect), By Country,
Competition, Forecast & Opportunities, 2025”, Asia Pacific
solar microinverter market is expected to witness formidable CAGR during the
forecast period. Micro inverters produce more amount of energy when compared to
other solar inverters, which is
one of the major factors accounting for the growth of Asia Pacific solar
microinverter market. Moreover, ongoing advancements in research and
development of solar micro inverters is expected to bode well for the growth of
Asia Pacific solar microinverter market through the forecast period. In
addition to this, growing requirement for renewable and clean source of energy so
that dependency on fossil fuels can be minimized, which is positively
influencing the growth of Asia Pacific solar microinverter market. Also, rapid
increase in renewable energy investment is further making headway for the
growth of Asia Pacific solar microinverter market. However, there are some
factors that might act as major impediments to the growth of Asia Pacific solar
microinverter market through 2025 such as higher initial and maintenance cost
of solar micro-inverters.
Browse XX market data Tables and XX Figures spread
through XX Pages and an in-depth TOC on " Asia Pacific Solar Microinverter Market "
https://www.techsciresearch.com/report/asia-pacific-solar-microinverter-market/4900.html
The Asia Pacific
solar microinverter market is segmented based on type, connectivity,
application, sales channel, company, and country. Based on type, the market can
be categorized into single phase and three phase. Out of these, the single-phase
segment dominated the market until 2019 and is expected to hold the largest
size of the market, during the forecast period. This can be attributed to the
fact that single-phase technology allows the system to have a compact size,
that is well suitable for residential and commercial applications. Along with
this, they require single-phase power supply to run household appliances including
lighting & heating devices and few electric motors. This is further expected
to propel the growth of this particular segment in the next five years. In
terms of connectivity, the market is segmented into integrated and standalone.
Among them, integrated connectivity segment occupied the leading share in Asia
Pacific solar micro inverter market until 2019 and is estimated to maintain its
lead in the coming years as well specifically due to their cost-effectiveness
and ease of installation.
SMA, Darfon Electronics, ABB,
APSytems, Chilicon Power, iEnergy, Enphase, NEP, SunPower, Enphase Energy, are among others
are the leading players operating in Asia Pacific solar microinverter market.
The leading players are adopting several growth strategies to enhance the
market scenario of solar microinverter. Other competitive strategies include new
technological developments; mergers & acquisitions; agreements,
partnerships, and collaborations; and expansions to diverse their product
portfolio in order to strengthen their market position.
Download
sample report @
https://www.techsciresearch.com/sample-report.aspx?cid=4900
Customers can
also request for 10% free customization on this report.
“Asia-Pacific
solar microinverter market is expected to witness high growth during the next five
years on account of large-scale acceptance of micro-inverter technology,
especially for residential applications. Also, high boost for solar PV
installation capacity through advanced solar PV systems in countries such as
China, Japan, India, and Australia for enhancing electric stability, is further
aiding the market growth in coming years. In addition to this, growing
government participation in generating renewable energy source is anticipated
to boost the growth of solar microinverter market in the region in the years to
come.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Asia Pacific Solar Microinverter Market By Type
(Single Phase and Three Phase), By Connectivity (Integrated, Standalone), By
Application (Residential, Commercial, PV Power Plant), By Sales Channel (Direct
and Indirect), By Country, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Asia
Pacific solar microinverter market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in Asia Pacific solar
microinverter market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]