Solar Micro Inverters Market to Grow at 25.7% CAGR Driven by Rise in Environmental Concerns to 2020

RnRMarketResearch.com adds Global Solar Micro Inverters Market 2016-2020 latest research report, the analysts forecast global solar micro inverter market to grow at a CAGR of 25.7% during the period 2016-2020

An emerging trend in the solar micro inverters market is the rise in environmental concerns and shift to renewable energy. Fossil fuels are the most extensively used power source worldwide. However, combustion of fossil fuels releases large quantities of GHGs, causing global warming and extreme weather conditions. As a result, countries such as India, Germany, China, and the US are investing in clean technology. This is an area where PV technology has an edge because it produces clean and renewable solar electricity. For instance, electricity production accounts for over one-third of the US global warming emissions, out of which nearly 25% is generated by coal-fired plants. The global warming emission associated with the entire life cycle of renewable energy (that includes manufacturing, installation, operation, maintenance, dismantling, and decommissioning) is minimal.

Complete report on Solar Micro inverters market spread across 56 pages, analyzing 6 major companies and providing 36 data exhibits is now available at http://www.rnrmarketresearch.com/global-solar-microinverter-market-2016-2020-market-report.html

According to the 2016 report, a key driver of solar micro inverters market growth is the easy installation and customization of micro inverters. Solar micro inverter is easy to install and have simpler operations compared to string inverters and central inverters. This solar micro inverter work independently as they follow MTTP. This reduces complications and the need for technical expertise. Therefore, the cost of labor for system design is low. This in turn, reduces the overhead cost. Apart from this, solar micro inverters can be customized depending on the site and requirements, giving better flexibility compared to conventional inverters.

The Solar Micro Inverters Market is divided into the Following Segments Based on Geography: Americas, APAC and EMEA

Global Solar Microinverter Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the Global Solar Micro Inverter Market for 2016-2020. Order a copy of Global Solar Micro Inverters Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=545108

Key players in the global solar micro inverter market: ABB, Enphase Energy, SMA, SolarEdge, SunPower, APS, and Cybo Energy.

Other prominent vendors in the market are: APS, Chilicon Power, iEnergy, Involar, LeadSolar, ReneSola, and Sparq Systems.

Solar micro inverter is small devices installed on solar panels that convert the DC output of a photovoltaic (PV) panel into AC. These inverters use maximum power point tracking (MPPT) to get maximum power from the PV array.

The function of a micro inverter is similar to a central or string inverter. In a string inverter, the PV modules are connected in strings and then wired to a central inverter. A micro inverter, however, does not generate power unless connected to the grid. It converts AC to DC at each PV module, allowing the output of PV module to be unaffected by other modules. Therefore, partial shading, debris, and snow lines on any one module do not disproportionately affect the output.

Solar micro inverter enables maximum power, design flexibility, and enhanced safety, addressing the shortcomings of traditional inverters.

Further, the solar micro inverters market report states that one challenge that could hamper market growth is the fact that there is less product differentiation between offerings by vendors.

Another related report is Global Solar PV Inverter Market: Research Scope 2015-2019, the analysts forecast global solar PV inverter market to grow at a CAGR of 14.86% in terms of revenue and 21.53% in terms of annual installed capacity over the period 2014-2019. The most significant way to reduce GHG emissions is the use of renewable energy. Green energy generation involves the use of renewable sources such as solar energy, wind energy, and air and hydraulic energy to generate power. Therefore, it reduces carbon and other hazardous emissions considerably. Browse complete report @ http://www.rnrmarketresearch.com/global-solar-pv-inverter-market-research-scope-2015-2019-market-report.html

Key players in the global solar PV inverter market: ABB, OMRON, SMA, Sungrow and TMEIC

Other prominent vendors in the market are: Bonfiglioli Riduttori, Danfoss Solar Inverter, Eaton, Emerson, Enphase Energy, Fronius International, GE, Jiangsu Zeversolar New Energy, Mitsubishi, Proniso, REFUsol, Riello, Siemens, TDK, and Toshiba

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