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The Asia Pacific solar microinverter market is currently witnessing robust growth. A solar microinverter refers to a device that converts direct current (DC) generated by a solar panel into alternating current. It differs from string inverters and central inverters as the solar microinverter is attached to solar panels and converts the current separately. It has various benefits, such as the ability to increasing the power by using the Maximum Power Point Tracking (MPPT) technology and maintaining a consistent flow of energy compared to its conventional counterparts. Solar microinverters are gaining traction across the Asia Pacific region due to the increasing environmental concerns.
The Asia Pacific solar microinverter market is primarily driven by the rising shift from fossil fuel-based energy generation toward more sustainable and cleaner power source alternatives. Besides this, the implementation of favorable regulations and numerous government subsidies have resulted in the installation of solar power infrastructures, including microinverters. Furthermore, the customization of solar microinverter as per the requirement of users and the extended warranty period, along with increasing adoption of building-integrated photovoltaics, is also catalyzing the market growth. On account of these factors, the market is expected to continue its robust growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific solar microinverter market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, connectivity, component, communication channel, type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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