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The GCC solar microinverter market exhibited moderate 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 is a device used in photovoltaics to convert the direct current (DC) generated by a single solar panel to alternating current (AC). It is attached to each solar panel and helps in changing the current separately. Unlike string and central inverters, which are primarily used with commercial and utility-sized solar power stations, the solar microinverter offers various benefits such as harvesting optimum power by using Maximum Power Point Tracking (MPPT) technology and simplifying stock management.
The GCC solar microinverter market is primarily driven by the increasing adoption of renewable energy resources like solar power for residential, commercial, and industrial use. The presence of high-capacity solar power plants in countries like the UAE and Saudi Arabia has also increased the demand for efficient solar microinverters in the region. Along with this, there have been rising investments in the development of cleaner and sustainable energy infrastructure, which is contributing to the market growth. Additionally, governments of various GCC countries are providing immense support in the form of initiatives, such as tax rebates and subsidies, thereby increasing the sales of the product. Furthermore, the ever-increasing penetration of international players and the growing mergers and acquisitions amongst companies have led to the introduction of advanced products in the region.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC 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||Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License $ 2499
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|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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