© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Solar Microinverter And Power Optimizer Market to grow at 10% CAGR from 2016 to 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Rising adoption of photovoltaic systems in commercial and residential sectors will propel global solar microinverter and power optimizer market. In addition, high demand for upgraded power harvesting systems embedded with features such as panel monitoring for independent power generation will catalyze industry growth. Prominent companies, increasingly investing in R&D for unique product development will also catalyze the market share. According to Global Market Insights, Inc., “Solar Microinverter And Power Optimizer Industry is forecast to hit USD 1.4 billion by 2024, increasing at a CAGR of 10% over ”  Microinverters help convert DC to AC with the help of photovoltaic installations. Their functionality is based on MLPE (module level power electronics) technology, which improves the overall efficiency of the system, while simultaneously eliminating the adverse effects of module mismatch. With the benefits of enhanced design flexibility, convenient installation procedure, and module level monitoring, solar microinverter and power optimizer systems find widespread applications in the residential, utility, and commercial sectors, which will catapult solar microinverter and power optimizer market. Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Features such as upgraded safety and high energy yield will boost solar microinverter and power optimizer industry in commercial applications, which contributed to more than 15% of the overall share in Government initiatives such as tax rebate, investment tax credit, net metering and FIT to increase the number of PV system installations across commercial buildings, will also subsequently propel U.S. solar microinverter and power optimizer market, which is anticipated to grow at a CAGR of 15% over  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  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.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Owing to the rising adoption of rooftop solar PV systems, solar microinverter and power optimizer industry in residential applications is slated to witness healthy gains over , having recorded a revenue of more than USD 440 million in  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  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.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Europe Solar Microinverter And Power Optimizer Market size, by application, 2013 – 2024 (MW)

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