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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.
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:
Breakup by Component:
Breakup by Communication Channel:
Breakup by Type:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Connectivity, Component, Communication Channel, Type, Application, Country|
|Countries Covered||Germany, France, United Kingdom, Italy, Spain, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option|
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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