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Solar Microinverter & Power Optimizer Market size anticipated to grow at over 25% CAGR from 2016 to 2023

Solar microinverter & power optimizer market size was valued over USD 300 million in 2013 and is likely to grow at a CAGR of over 25% from 2016 to 2023 and exceed USD 2 billion. It is also referred as module-level power electronics (MLPEs) market.<br>Rising needs to enhance energy obtained by solar PV modules is estimated to drive industry demand over the forecast period. It also aids in condition or converting power at module level and enables in dropping the levelized electricity cost. Thus, these features offered are anticipated to propel industry growth over the forecast years.<br>

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Solar Microinverter & Power Optimizer Market size anticipated to grow at over 25% CAGR from 2016 to 2023

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  1. Solar Microinverter & Power Optimizer Market size anticipated to grow at over 25% CAGR from 2016 to 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of Solar Microinverter & Power Optimizer Market : • North America microinverter & power optimizer market is anticipated to witness significant growth from 2016 to 2023. Residential sector is likely to represent the largest industry share for these systems. • Japan microinverter & power optimizer market is likely to grow at a CAGR of over 7% from 2016 to 20203 and it is estimated witness remarkable growth. • Europe is also estimated to experience considerable growth from 2016 to 2023. The surge in the region can be subjects proliferating acceptance of these systems. • Germany and France are anticipated to hold the significant industry share over the forecast period.

  3. Application Analysis of Solar Microinverter & Power Optimizer Market: • Rising needs to enhance energy obtained by solar PV modules is estimated to drive industry demand over the forecast period. It also aids in condition or converting power at module level and enables in dropping the levelized electricity cost. • Power optimizer market participants may witness tremendous growth avenues by partnering module manufacturers in order to compete with residential mircoinverter market players. • Advent of solar PV is forecast to exhibit substantial growth avenues for microinverter & power optimizer market over the forecast period.

  4. Competitive Market Share of Solar Microinverter & Power Optimizer Market : • Major industry participants’ accumulation substantial solar microinverter & power optimizer market share include Enphase, Tigo, SolarEdge, Kac, Ampt, Sunrun, Delta and SolarCity among others.

  5. Browse Full Market Research Report On Solar Microinverter & Power Optimizer Market @ https://www.gminsights.com/industry-analysis/solar-microinverter-and-power-optimizer-market Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/289

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