Europe Solar Microinverter Market

Market Overview:

The Europe solar microinverter market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to continue its robust growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe solar microinverter market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on connectivity, component, communication channel, type and application.

Breakup by Connectivity:

• Standalone
• On-Grid
   

Breakup by Component:

• Hardware
• Software
   

Breakup by Communication Channel:

• Wired
• Wireless
   

Breakup by Type:

• Single Phase
• Three Phase
   

Breakup by Application:

• Residential
• Commercial
• Others
   

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Europe solar microinverter market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe solar microinverter market?
• What are the key regional markets?
• What is the breakup of the market based on the connectivity?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the communication channel?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Europe solar microinverter market and who are the key players?
• What is the degree of competition in the industry?