(EnergyIndustry.Net, October 13, 2017 ) According to Publisher, the Global Solar Micro Inverter market is growing at a CAGR of 17.2% from 2016 to 2023. Increasing demand for solar power and usage of data analytics are the key factors driving the market growth. Whereas high initial investment required for installation is hampering the market growth. Among applications, residential applications held the largest market share owing to decrease in the cost of electricity bill. Urban consumers segment accounted for the highest market share because of increasing awareness among the consumers on solar power. North America accounted for the highest market share as adoption rate is high compared to other regions. The Asia Pacific region is expected to grow at a higher CAGR and is anticipated to account for the highest market share during forecast period.
Some of the key players in the market include Alencon Systems, LLC, Altenergy Power System, Inc, Ampt, LLC, Array Power, Chilicon Power, LLC, Delta Energy Systems, Enphase Energy, i-Energy Co., Ltd, KACO New Energy, Inc, Petra Systems, Solantro, SolarEdge Technologies, Inc, Sparq Systems, SunPower Corporation and Tigo Energy.
Regions Covered: -North America - US - Canada - Mexico -Europe - Germany - France - Italy - UK - Spain - Rest of Europe -Asia Pacific - Japan - China - India - Australia - New Zealand - Rest of Asia Pacific -Rest of the World - Middle East - Brazil - Argentina - South Africa - Egypt
Company Profiling 10.1 Alencon Systems, LLC 10.2 Altenergy Power System, Inc 10.3 Ampt, LLC 10.4 Array Power 10.5 Chilicon Power, LLC 10.6 Delta Energy Systems 10.7 Enphase Energy 10.8 i-Energy Co., Ltd 10.9 KACO New Energy, Inc 10.10 Petra Systems 10.11 Solantro 10.12 SolarEdge Technologies, Inc 10.13 Sparq Systems 10.14 SunPower Corporation 10.15 Tigo Energy