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The Europe solar microinverter market is currently witnessing robust growth. A solar microinverter refers to an electronic device used in photovoltaic (PV) cells to change the current waveform. It functions in a parallel circuit and is used for changing the direct current (DC) into alternating current (AC). The solar microinverter also separates power output from panels while converting it into grid voltage. It has the ability to maintain a consistent flow of power despite the shading of panels, coupled with its flexibility of design and the capability to maximize the power from solar panels through the use of the Maximum Power Point Tracking (MPPT) technology.
The Europe solar microinverter market is primarily driven by the growing number of solar power plants in the region. The increasing efforts by the European Commission to switch to renewable energy sources instead of fossil fuels are also propelling the market growth. Additionally, the rapid modernization of electricity grids and the implementation of stringent rules and regulations for reducing carbon emissions have led to the growing demand for solar power systems across the region. Besides this, several manufacturers are launching innovative solar microinverters with advanced benefits like high-power density, easy installation and cost-efficiency, which are bolstering 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 Europe 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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