Global Micro-Inverter Market Size By Product, By Application, By Geographic Scope And Forecast

Report Highlights

Micro-Inverter Market Size And Forecast
Micro-Inverter Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.

Global Micro-Inverter Market Overview
Increasing awareness and benefits about the renewable energy sources accompanied by augmented adoption are expected to drive the market growth. Furthermore, Cost-effectiveness and augmented developments of these products growing their technological capabilities are further expected to fuel the market growth. Micro-inverters are known to produce more energy as compared to other solar inverters such as string inverters and central inverters. Micro-inverters operate separately as each panel is connected to one micro-inverter in order that each panel can perform to its fullest and any shaded or infected panel wouldn't affect the rest of the system. Hence, the average conversion efficiency of an individual micro-inverter is high and somewhat superior to conventional sources. Hence, in the long run, micro-inverter brings in a lot of savings for end-users.