Solar Micro Inverters Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

Solar inverters are used for a major function, including the conversion of the DC solar panels for generating AC, usually used by residents.

Inverter technology is advancing over the last few years to facilitate homeowners to capture maximum power from the PV system. The string inverters and micro inverters can be used by a solar homeowner, to conduct the process in various ways.

 

Microinverters are installed underneath the solar panel of each roof. The size of the micro inverter is similar to that of the internet router.

Integrated modules reduce labor costs, streamline and installation time with overall operation and maintenance. Such modules provide around 25% more power than traditional systems.

 

Government initiatives and reduced cost of microinverters have resulted in the wide installation of photovoltaics around the world. It is due to effective performance, cost-effectiveness, and safety features. Moreover, the rising installation of PV fuels the microinverters demand.

 

 

Microinverters are capable of tracking each panel’s productivity.

 

Microinverters are easy to install at a time. It provides ease in adding the combination of each panel and microinverter to the existing solar array mitigating the need to purchase, site, and install the additional string inverters.

 

The major companies operating in the industry are ABB Ltd., SunPower Corporation, Darfon Electronics Corp., SMA Solar Technology AG, SolarEdge Technologies Inc., Enphase Energy Inc., and Northern Electric and Power Co. Ltd.

 

Therefore, the reduced cost of micro inverters and their high voltage effectiveness with massive shutdown potential lead to their wide adoption.