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Solar Micro Invertor Market : Current Scenario and Forecast (2019-2025): Emphasis on Inverter Type (Single Phase, Three Phase), Connectivity (Integrated, Standalone), Distribution Channel (Direst and Indirect Sale Channel), End-Users (Residential, Commercial) and Region/Country

  • UNI4065895
  • 237 Pages
  • November 2019
  • Semiconductor and Electronics
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Global solar micro inverter market was valued at US$ 977.5 Million in 2018 and is anticipated to reach US$ 5,604.6 Million by 2025 displaying explosive CAGR of 28.4% over the forecast period 2019-2025. Energy supply from renewable sources forms an essential part of energy distribution, particularly when there are issues pertaining to sustainable environment. In this regard, microinverters are of great help. Traditional solar systems comprise a single inverter and in case of any failure of inverter, there remains no backup of energy transfer. Therefore, microinverters are an alternative energy source. A solar micro-inverter, or simply microinverter, is a plug-and-play device used in photovoltaics, that converts direct current generated by a single solar module to alternating current. Unlike conventional string/central inverters, a microinverter works on Module Level Power Electronics i.e. power conversion takes place at individual module level. This mitigates the negative effect of module mismatch and improves the overall efficiency of the system. Microinverters also enable module-level monitoring, easier installation, enhanced design flexibility and better safety than conventional inverters. The solar microinverter market is driven by constant R&D activities and significant reduction in the costs of microinverters. The solar micro inverter market also receives a great boost due to its compact size and versatility. Further, increasing requirement of consumers, based on modularity, safety, and maximum energy harvest will continue to drive the market at a considerable pace in coming years.

Owing to increasing demand, a lot of innovation is taking place in the solar micro-inverter industry. For example, Tesla has launched a solar roof. This solar roof consists of the power wall battery, turning sunlight into electricity. The solar roof is made of tempered glass tiles and these tiles are stronger than non-solar tiles and regular plate glass. The micro inverter addresses many of the shortcomings of central inverters. Microinverters minimize the issue of one module in shade affecting the entire array. A homeowner whose roof may get some shade throughout the day has a good reason to consider micro inverters. Due to the varying use of micro inverters across the world, global players are concentrating on regions where awareness about using renewable energy resources is higher. Robust adoption of PV storage systems in the U.S. will continue to fuel demand for solar micro inverters in North America.

“Single Phase solar micro inverter is expected to dominate the market during the forecast period.”

Based on the inverter type, the solar microinverter market is segmented into single-phase and three-phase micro inverters. Single-phase micro inverters have showcased surging demand among residential households as they require single-phase power supply to run household appliances such as lighting & heating devices and few electric motors. The segment accounted for 68.1% share in 2018.

“Integrated solar microinverter would be the most preferred microinverter in major markets”

Based on connectivity, the solar microinverter market is divided into standalone and integrated. Integrated occupied the lead share in solar micro inverter market specifically due to their cost-effectiveness and ease of installation

“Direct sales channel occupied the major market in the solar microinverter market”

Based on the distribution channel, the market is bifurcated into a direct and indirect sales channel. Direct sales channels dominated the market in 2018, with 82.2% share and are expected to maintain its dominance throughout the forecast period, on account of surging number of organized retailers such as supermarkets, hypermarkets, convenience stores, and discount stores in different countries proving to be extremely beneficial for the vendors.

“Residential End Users were the major adopter of solar microinverter technology”

In terms of end-users, global solar micro inverters market has been categorized into residential and commercial end-users. The residential sector accounted for majority share in 2018 and is expected to witness a healthy growth rate during the forecast period. The expected market dominance of the residential sector can be majorly attributed to increasing adoption of energy conservation measures for controlling the increased energy expenditure in residential applications. Over the coming years, commercial sector is also anticipated to account for a significant portion of the global solar inverters market.

“North America accounts for the major market share in terms of revenue in the solar microinverter market”

For better understanding and analysis of the overall adoption of the solar microinverters, detailed analysis was conducted for different region/country including North America (US, Canada), Europe (Germany, Italy, UK, Belgium, Netherlands, France and Rest of Europe), Asia Pacific (China, Japan, India, Australia and Rest of APAC) and Rest of the World. Among all these regions, North America constitutes to be the most matured region. Europe and Asia Pacific are expected to witness considerable growth over the analysed period owing to increasing demand for energy efficiency and growing awareness among the households, paired with growing government participation in generating renewable energy source

Competitive Landscape – Top 10 Market Players

Some of the dominant players operating in the solar micro inverter industry have adopted a number of competitive strategies such as merger and acquisition, partnership and business expansion among others to expand their reach and market share. The key players contributing to the growth of the global solar micro inverters market include SMA, Darfon Electronics, ABB, APSytems, Chilicon Power, iEnergy, Enphase, NEP, SunPower, Enphase and Sparq Systems among others.

Reasons to buy:

• The study includes market sizing and forecasting analysis validated until 2025. The analysis presented in the report is a combination of deep-dive secondary research and input from Key Opinion Leader of the industry

• The report presents a quick review of overall industry performance at one glance

• The report covers in-depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments

• Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry

• Examination of industry attractiveness with the help of Porter’s Five Forces analysis

• The study comprehensively covers the market across different segments and sub-segments

• The study also covers the comprehensive country wise analysis in the specific region

• Region/Country Covered: North America (US, Canada), Europe (Germany, Italy, UK, Belgium, Netherlands, France and Rest of Europe), Asia Pacific (China, Japan, India, Australia and Rest of APAC) and Rest of the World

Customization Options:

The Solar Microinverter market report can be customized to the country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to our clients.

1. MARKET INTRODUCTION

1.1 Market Definition 20

1.2 Objective of the Study 20

1.3 Limitation 20

1.4 Stakeholders 21

1.5 Currency used in the Report 21

1.6 Scope of the Global Solar Microinverter Market Study 21

2. RESEARCH METHODOLOGY OR ASSUMPTION 22

2.1 Research Methodology for Global Solar Microinverter Market Study 22

2.1.1 Main objective of the Global Solar Microinverter Market Study 23

3. INDUSTRY PERFORMANCE 24

4. EXECUTIVE SUMMARY 26

4.1.1 Advantages of Microinverters: 26

5. MARKET OVERVIEW 29

5.1 Introduction 29

5.2 Market Dynamics - Market Trend & Drivers 32

5.2.1 Escalating Urbanization and Infrastructural Development 32

5.2.2 Accelerating Research and Development 33

5.2.3 Falling Costs 34

5.2.4 Safer and Reliable 36

5.3 Market Challenges 36

5.3.1 High Cost of Installation and Repairing 36

5.4 Market Opportunities 37

5.4.1 Power Optimizers – An Equivalent Competitor 37

6. DEMAND AND SUPPLY SIDE ANALYSIS 38

6.1 Demand Side Analysis 38

6.2 Supply Side Analysis 39

6.2.1 Product Launches 40

6.2.2 Major Strategic Alliances 44

6.2.3 Major Business Expansion and Investments 47

6.2.4 Mergers & Acquisitions 53

6.2.5 Key Facts on Solar Industry 55

6.2.6 Major Start Ups 56

7. LEGAL & REGULATORY FRAMEWORK 58

7.1 General Overview 58

7.2 Standardization 59

7.2.1 Safety International Standards of Inverters 59

7.2.1.1 IEC 62109 – Safety of power converters for use in photovoltaic power systems 59

7.2.1.2 IEC 62093 – Balance-of-system components for photovoltaic systems 59

7.2.2 United States Inverter Standards 60

7.2.2.1 UL 1741-Standard for Inverters, Converters, Controllers and Interconnection Systems Equipment for Use with Distributed Energy Resources 60

7.2.2.2 UL 62109-Standard for Safety of power converters for use in photovoltaic power systems – Part 1: General requirements 60

7.2.2.3 Regulatory Jurisdiction for Renewable Energy Grid Interconnections in the United States 61

7.2.2.3.1 US Federal Laws and Regulations on New Energy Grid Interconnections 61

7.2.2.3.2 California Inverter Standards 63

7.2.2.3.3 California Electrical Code 63

7.2.3 India Solar Industry Standards 65

7.2.3.1 Guidelines for Solar PV Inverters Approved in India 65

7.2.4 Australia Industry Standards Applicable to Micro-Inverters 65

7.2.4.1 Australian Standards relevant to Microinverter Installation and Maintenance 66

7.2.5 China Solar Industry Standards 67

7.2.6 Japan Solar Industry Standards 67

7.2.6.1 The New FIT Program 68

7.2.7 European Union Solar Industry Standards 68

7.2.7.1 National renewable energy action plans 2020 68

7.2.7.2 Guidelines under the Photovoltaics Industry 69

7.2.7.2.1 European Solar Test Installation 69

7.2.7.2.2 Contribution to Standards 69

8. VALUE CHAIN ANALYSIS 70

8.1 General Overview 70

8.1.1 Solar Value Chain Players 71

8.1.1.1 Diversification: Pure play versus Conglomerate 71

8.1.1.2 Vertical Integration 71

9. INDUSTRY ANALYSIS SOLAR MICROINVERTER 74

9.1 General Overview 74

9.1.1 Working Model of Solar Microinverter 74

9.1.2 Cost Analysis of Solar Microinverter 74

9.1.3 Installation Procedure of Solar Microinverter 77

10. SOLAR PROJECTS & CASE STUDIES UNDERTAKEN IN SOLAR INDUSTRY 79

10.1 General Overview 79

10.2 Projects Undertaken by Petra Systems 79

10.3 Case Studies 80

10.3.1 Case Study: Harvesting 36% Energy Boost with Tigo’s Retrofitted Optimization 80

10.3.1.1 Summary 80

10.3.2 China is addressing the limited roof space and shading challenges with TS4MLPE 80

10.3.2.1 Summary 80

10.3.3 10% Over PV Watts Projection 81

10.3.4 8% Side by Side Improvement 82

10.3.4.1 Summary 82

11. MARKET INSIGHTS BY MICROINVERTER TYPE 83

11.1 General Overview 83

11.1.1 Single Phase Microinverter 84

11.1.2 Three Phase Microinverter 86

12. MARKET INSIGHTS BY CONNECTIVITY 88

12.1 General Overview 88

12.1.1 Integrated Connectivity 88

12.1.2 Stand Alone Connectivity 90

13. MARKET INSIGHTS BY DISTRIBUTION CHANNEL 93

13.1 General Overview 93

13.1.1 Direct Distribution Channel 94

13.1.2 Indirect Distribution Channel 95

14. MARKET INSIGHTS BY END-USERS 96

14.1 General Overview 96

14.1.1 Residential End-users 97

14.1.2 Commercial End-users 99

14.1.3 Government Incentives and Rebates: Solar incentives available to homeowners & businesses 100

14.1.3.1 Investment tax credit for solar 100

14.1.3.2 State tax credits 100

14.1.3.3 Cash rebates 100

14.1.3.4 Solar renewable energy certificates (SRECs) 100

14.1.3.5 Performance-based incentives (PBIs) 100

14.1.4 Other incentives for solar 101

14.1.4.1 Accelerated depreciation 101

14.1.4.2 Subsidized loans 101

14.1.4.3 Tax exemptions 101

15. MARKET INSIGHTS BY REGION 103

15.1 General Overview 103

15.2 North America Solar Microinverter Market (2018-2025) 105

15.2.1 North America Solar Microinverter Market, By Type 106

15.2.2 North America Solar Microinverter Market, By Connectivity 107

15.2.3 North America Solar Microinverter Market, By Distribution Channel 107

15.2.4 North America Solar Microinverter Market, By End Users 107

15.2.5 North America Solar Microinverter Market, By Country 108

15.2.5.1 United States Solar Microinverter Market (2018-2025) 108

15.2.5.1.1 US Solar Microinverter Market, By Type 110

15.2.5.1.2 US Solar Microinverter Market, By Connectivity 111

15.2.5.1.3 US Solar Microinverter Market, By Distribution Channel 111

15.2.5.1.4 US Solar Microinverter Market, By End-users 111

15.2.5.2 Canada Solar Microinverter Market (2018-2025) 112

15.2.5.3 Cost of Solar Power In Canada 2019 113

15.2.5.3.1 Canada Solar Microinverter Market, By Type 114

15.2.5.3.2 Canada Solar Microinverter Market, By Connectivity 114

15.2.5.3.3 Canada Solar Microinverter Market, By Distribution Channel 115

15.2.5.3.4 Canada Solar Microinverter Market, By End-users 115

15.2.5.4 Rest of North America Solar Microinverter Market (2018-2025) 115

15.2.5.4.1 Rest of NA Solar Microinverter Market, By Type 116

15.2.5.4.2 Rest of NA Solar Microinverter Market, By Connectivity 116

15.2.5.4.3 Rest of NA Solar Microinverter Market, By Distribution Channel 117

15.2.5.4.4 Rest of NA Solar Microinverter Market, By End-user 117

15.3 Europe Solar Microinverter Market Insights (2019-2025) 117

15.3.1 Top European Solar PV Markets Prospects 120

15.3.2 Europe Solar Microinverter Market, By Type 120

15.3.3 Europe Solar Microinverter Market, By Connectivity 121

15.3.4 Europe Solar Microinverter Market, By Distribution Channel 121

15.3.5 Europe Solar Microinverter Market, By End-users 122

15.3.6 Europe Solar Microinverter Market, By Country 122

15.3.6.1 Germany Solar Microinverter Market 122

15.3.6.2 Facts on German Solar Energy Demand 123

15.3.6.2.1 Germany Solar Microinverter Market, By Type 124

15.3.6.2.2 Germany Solar Microinverter Market, By Connectivity 125

15.3.6.2.3 Germany Solar Microinverter Market, By Distribution Channel 125

15.3.6.2.4 Germany Solar Microinverter Market, By End-Users 125

15.3.6.3 Italy Solar Microinverter Market (2019-2025) 126

15.3.6.3.1 Italy Solar Microinverter Market, By Type 127

15.3.6.3.2 Italy Solar Microinverter Market, By Connectivity 128

15.3.6.3.3 Italy Solar Microinverter Market, By Distribution Channel 128

15.3.6.3.4 Italy Solar Microinverter Market, By End-users 128

15.3.6.4 United Kingdom Solar Microinverter Market (2019-2025) 129

15.3.6.4.1 UK Solar Microinverter Market, By Type 131

15.3.6.4.2 UK Solar Microinverter Market, By Connectivity 131

15.3.6.4.3 UK Solar Microinverter Market, By Distribution Channel 131

15.3.6.4.4 UK Solar Microinverter Market, By End-users 132

15.3.6.5 Belgium Solar Microinverter Market (2019-2025) 132

15.3.6.5.1 Belgium Solar Microinverter Market, By Type 133

15.3.6.5.2 Belgium Solar Microinverter Market, By Connectivity 133

15.3.6.5.3 Belgium Solar Microinverter Market, By Distribution Channel 133

15.3.6.5.4 Belgium Solar Microinverter Market, By End-users 134

15.3.6.6 Netherlands Solar Microinverter Market (2019-2025) 134

15.3.6.6.1 Netherlands Solar Microinverter Market, By Type 136

15.3.6.6.2 Netherlands Solar Microinverter Market, By Connectivity 136

15.3.6.6.3 Netherlands Solar Microinverter Market, By Distribution Channel 137

15.3.6.6.4 Netherlands Solar Microinverter Market, By End-users 137

15.3.6.7 France Solar Microinverter Market (2019-2025) 137

15.3.6.7.1 France Solar Microinverter Market, By Type 138

15.3.6.7.2 France Solar Microinverter Market, By Connectivity 139

15.3.6.7.3 France Solar Microinverter Market, By Distribution Channel 139

15.3.6.7.4 France Solar Microinverter Market, By End-users 139

15.3.6.8 Rest of Europe Solar Microinverter Market (2019-2025) 140

15.3.6.8.1 Rest of Europe Solar Microinverter Market, By Type 140

15.3.6.8.2 Rest of Europe Solar Microinverter Market, By Connectivity 141

15.3.6.8.3 Rest of Europe Solar Microinverter Market, By Distribution Channel 141

15.3.6.8.4 Rest of Europe Solar Microinverter Market, By End-users 141

15.4 Asia Pacific Solar Inverter Market Insights (2019-2025) 142

15.4.1 Asia-Pacific Solar Microinverter Market, By Type 142

15.4.2 Asia-Pacific Solar Microinverter Market, By Connectivity 143

15.4.3 Asia-Pacific Solar Microinverter Market, By Distribution Channel 143

15.4.4 Asia-Pacific Solar Microinverter Market, By End-users 143

15.4.5 Asia-Pacific Solar Microinverter Market, By Country 144

15.4.5.1 China Solar Microinverter Market (2019-2025) 144

15.4.5.1.1 China Solar Microinverter Market, By Type 145

15.4.5.1.2 China Solar Microinverter Market, By Connectivity 146

15.4.5.1.3 China Solar Microinverter Market, By Distribution Channel 146

15.4.5.1.4 China Solar Microinverter Market, By End-users 146

15.4.5.2 India Solar Microinverter Market (2019-2025) 147

15.4.5.3 Facts on Renewable Energy India, 2018 (IBEF) 147

15.4.5.3.1 India Solar Microinverter Market, By Type 149

15.4.5.3.2 India Solar Microinverter Market, By Connectivity 149

15.4.5.3.3 India Solar Microinverter Market, By Distribution Channel 150

15.4.5.3.4 India Solar Microinverter Market, By End-users 150

15.4.5.4 Japan Solar Microinverter Market (2019-2025) 150

15.4.5.5 Overview of Japan Installed PV Capacity, 2018 151

15.4.5.5.1 Japan Solar Microinverter Market, By Type 151

15.4.5.5.2 Japan Solar Microinverter Market, By Connectivity 152

15.4.5.5.3 Japan Solar Microinverter Market, By Distribution Channel 152

15.4.5.5.4 Japan Solar Microinverter Market, By End-users 152

15.4.5.6 Australia Solar Microinverter Market (2019-2025) 153

15.4.5.6.1 Australia Solar Microinverter Market, By Type 154

15.4.5.6.2 Australia Solar Microinverter Market, By Connectivity 154

15.4.5.6.3 Australia Solar Microinverter Market, By Distribution Channel 154

15.4.5.6.4 Australia Solar Microinverter Market, By End-users 155

15.4.5.7 Rest of Asia Pacific Solar Microinverter Market (2019-2025) 155

15.4.5.7.1 Rest of APAC Solar Microinverter Market, By Type 156

15.4.5.7.2 Rest of APAC Solar Microinverter Market, By Connectivity 156

15.4.5.7.3 Rest of APAC Solar Microinverter Market, By Distribution Channel 156

15.4.5.7.4 Rest of APAC Solar Microinverter Market, By End-users 157

15.5 Rest of World Solar Microinverters Market Insights 157

15.5.1 Rest of World Solar Microinverter Market, By Type 159

15.5.2 Rest of World Solar Microinverter Market, By Connectivity 160

15.5.3 Rest of World Solar Microinverter Market, By Distribution Channel 160

15.5.4 Rest of World Solar Microinverter Market, By End-users 160

16. COMPETITIVE SCENARIO 161

16.1 Porter’s Five forces analysis 161

16.1.1 Bargaining power of Supplier 161

16.1.2 Bargaining power of Buyer 162

16.1.3 Industry Rivalry 162

16.1.4 Availability of Substitute 163

16.1.5 Threat of new Entrants 163

16.2 Competitive Landscape 164

17. TOP COMPANY PROFILES 167

17.1 SMA Solar Technology AG 167

17.1.1 Key Facts 167

17.1.2 Business Description 167

17.1.3 Key Product/Services Offerings 168

17.1.4 SMA Mission and Vision 169

17.1.5 Best Solutions Offered by SMA 169

17.1.6 Growth Strategies Adopted by SMA 170

17.1.7 SWOT Analysis 170

17.1.8 SMA Key Financials 171

17.1.8.1 Revenue Split 172

17.1.8.2 Financial Overview of SMA 172

17.1.9 Recent Developments 173

17.1.9.1 Product Launches 173

17.1.9.2 Strategic Alliance (Partnerships) 173

17.1.9.3 Business Expansions 174

17.2 Altenergy Power System Inc. 176

17.2.1 Key Facts 176

17.2.2 Business Description 176

17.2.3 Geographical Presence of AP Systems 177

17.2.4 Key Product/Services Offerings 177

17.2.5 Growth Strategy 177

17.2.6 Global Partners of AP Systems 178

17.2.7 SWOT Analysis 179

17.2.8 Recent Developments 179

17.2.8.1 Product Launches 179

17.2.8.2 Partnership 180

17.2.8.3 Business Expansions and Investment 180

17.3 Northern Electric & Power Inc 181

17.3.1 Key Facts 181

17.3.2 Business Description 181

17.3.3 Key Product/Services Offerings 182

17.3.4 Northern Electric and Power Inc Certifications 182

17.3.5 Growth Strategies Adopted by Northern Electric and Power Inc 183

17.3.6 Key Financials 183

17.3.6.1 Financial Overview of Northern Electric and Power Inc 183

17.3.7 Recent Developments 184

17.3.7.1 Product Launches 184

17.3.7.2 Business Expansions 184

17.4 Darfon Electronics Corp. 186

17.4.1 Key Facts 186

17.4.2 Business Description 186

17.4.3 Key Product/Services Offerings 187

17.4.4 Growth Strategy 188

17.4.5 SWOT Analysis 188

17.4.6 Key Financials 189

17.4.6.1 Revenue Split 190

17.4.6.2 Financial Overview of Darfon 190

17.4.7 Recent Developments 190

17.4.7.1 Product Launches 190

17.5 Chilicon Power 192

17.5.1 Key Facts 192

17.5.2 Business Description 192

17.5.3 Key Product/Services Offerings 193

17.5.4 Chillicon Power Key Strengths 194

17.5.5 Recent Developments 195

17.5.5.1 Product Launches 195

17.5.5.2 Strategic Alliance 195

17.6 Sparq Systems 196

17.6.1 Key Facts 196

17.6.2 Business Description 196

17.6.3 Key Product/Services Offerings 196

17.6.4 SWOT Analysis 197

17.6.5 Recent Developments 197

17.6.5.1 Product Launches 197

17.6.5.2 Strategic Alliance (Partnerships) 198

17.6.5.3 Business Expansion (Investments) 198

17.7 Solar Edge Technologies 199

17.7.1 Key Facts 199

17.7.2 Business Description 199

17.7.3 Product segmentation of Solar Edge Technologies 200

17.7.4 Solar Edge Partner List 200

17.7.5 Solar Edge Technologies Growth Strategy 201

17.7.6 SWOT Analysis 201

17.7.7 Facts on Inverters Shipments 202

17.7.8 Key Financials 203

17.7.8.1 Revenue Split 204

17.7.8.2 Financial Overview of Solar Edge Technologies 204

17.7.9 Recent Developments 204

17.7.9.1 Product Launch 204

17.7.9.2 Strategic Alliances 205

17.7.9.3 Business Expansion 206

17.7.9.4 Merger & Acquisitions 207

17.8 Fimer SPA 208

17.8.1 Key Facts 208

17.8.2 Business Description 208

17.8.3 Geographical Presence of Firmer SPA 209

17.8.4 Brand Image of Firmer SPA 209

17.8.5 Key Insights 210

17.8.6 Key Product Offerings by Fimer SPA 210

17.8.7 Milestones Achieved 211

17.8.8 Fimer SPA Growth Strategy 212

17.8.9 Fimer SPA Key Strengths 212

17.8.10 SWOT Analysis 213

17.8.11 Key Financials 214

17.8.11.1 Revenue Split 215

17.8.11.2 Financial Overview of Fimer SPA 215

17.8.12 Recent Developments 216

17.8.12.1 Business Expansions & Investments 216

17.8.12.2 Partnership 216

17.8.12.3 Merger& Acquisitions 216

17.9 Enphase Energy Inc 217

17.9.1 Key Facts 217

17.9.2 Business Description 217

17.9.3 Key Product/Services Offerings 218

17.9.4 Energy Management Systems Offered by Enphase 218

17.9.5 Global Partners of Enphase Energy Inc 219

17.9.6 Milestones Achieved 220

17.9.7 Overview of Enphase Energy Inc 220

17.9.8 Enphase Energy Inc SWOT Analysis 221

17.9.9 Enphase Energy Inc Growth Strategy 221

17.9.10 Key Financials 222

17.9.10.1 Revenue Split 223

17.9.10.2 Financial Overview of Enphase Energy Inc 223

17.9.11 Recent Developments 223

17.9.11.1 Product Launches 223

17.9.11.2 Strategic Alliance 224

17.9.11.3 Business Expansions 226

17.9.11.4 Merger & Acquisitions 228

17.10 Green Rays Enersol Pvt Ltd 229

17.10.1 Key Facts 229

17.10.2 Business Description 229

17.10.3 Key Product/Service Offerings 230

17.10.3.1 Product Reach 230

17.10.4 Client Base of Green Rays 231

17.10.5 Green Rays, Mission & Vision 231

TABLE 1 Top Cities for Real Estate Investments in 2019 31

TABLE 2 Solar PV system prices for Brisbane: Microinverter vs String Inverter, April 2017, US$ 35

TABLE 3 Top Product Launches 39

TABLE 4 Top Strategic Alliances 43

TABLE 5 Top Business Expansion & Investments 46

TABLE 6 Top Merger& Acquisition 52

TABLE 7 Breakdown of the Components of a Photovoltaic System 57

TABLE 8 Summary of Key Federal Interconnection Laws and Regulations 60

TABLE 9 Top Players Involved in Solar Inverter Industry 70

TABLE 10 Average, High & Low Solar Panel Costs per watt in Australia (September 2019) 74

TABLE 11 Average solar panel costs by city & system size (September 2019) 74

TABLE 12 Installation Cost Involved in Installing Microinverters 76

TABLE 13 Installation Cost Involved in Installing Microinverters 76

TABLE 14 Global Solar Microinverter Market, By Type 2018-2025 (US$ Million) 83

TABLE 15 Single Phase Microinverter Market, By Region, 2018-2025 (US$ Million) 85

TABLE 16 Three Phase Microinverter Market, By Region, 2018-2025 (US$ Billion) 86

TABLE 17 Global Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 87

TABLE 18 Integrated Microinverter Market, By Region, 2018-2025 (US$ Million) 89

TABLE 19 Difference between Integrated Inverters & Stand-Alone Inverters 91

TABLE 20 Stand Alone Microinverter Market, By Region 2018-2025 (US$ Million) 91

TABLE 21 Global Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 92

TABLE 22 Offline Distribution Channel Solar Microinverter Market, By Region, 2018-2025 (US$ Million) 93

TABLE 23 Online Distribution Channel Solar Microinverter Market, By Region, 2018-2025 (US$ Million) 94

TABLE 24 Global Solar Microinverter Market, By End-Users 2018-2025(US$ Million) 96

TABLE 25 Global Residential Solar Microinverter Market, By Region 2018-2025 (US$ Million) 97

TABLE 26 Global Commercial End Users Solar Microinverter Market, By Region 2018-2025 (US$ Million) 101

TABLE 27 Global Solar Microinverter Market, By Region, 2018-2025 (US$ Million) 104

TABLE 28 North America Solar Microinverter Market, By Type 2018-2025 (US$ Million) 105

TABLE 29 North America Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 106

TABLE 30 North America Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 106

TABLE 31 North America Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 106

TABLE 32 North America Solar Microinverter Market, By Country, 2018-2025 (US$ Million) 107

TABLE 33 United States Solar Microinverter Market, By Type 2018-2025 (US$ Million) 109

TABLE 34 United States Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 110

TABLE 35 United States Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 110

TABLE 36 United States Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 110

TABLE 37 Canada Solar Microinverter Market, By Type 2018-2025 (US$ Million) 113

TABLE 38 Canada Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 113

TABLE 39 Canada Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 114

TABLE 40 Canada Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 114

TABLE 41 Rest of North America Solar Microinverter Market, By Type 2018-2025 (US$ Million) 115

TABLE 42 Rest of North America Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 115

TABLE 43 Rest of North America Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 116

TABLE 44 Rest of North America Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 116

TABLE 45 Top European Solar PV Markets Prospects 119

TABLE 46 Europe Solar Microinverter Market, By Type 2018-2025 (US$ Million) 119

TABLE 47 Europe Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 120

TABLE 48 Europe Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 120

TABLE 49 Europe Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 121

TABLE 50 Europe Solar Microinverter Market, By Country 2018-2025 (US$ Million) 121

TABLE 51 Germany Solar Microinverter Market, By Type 2018-2025 (US$ Million) 123

TABLE 52 Germany Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 124

TABLE 53 Germany Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 124

TABLE 54 Germany Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 124

TABLE 55 Italy Solar Microinverter Market, By Type 2018-2025 (US$ Million) 126

TABLE 56 Italy Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 127

TABLE 57 Italy Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 127

TABLE 58 Italy Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 127

TABLE 59 United Kingdom Solar Microinverter Market, By Type 2018-2025 (US$ Million) 130

TABLE 60 United Kingdom Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 130

TABLE 61 United Kingdom Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 130

TABLE 62 United Kingdom Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 131

TABLE 63 Belgium Solar Microinverter Market, By Type 2018-2025 (US$ Million) 132

TABLE 64 Belgium Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 132

TABLE 65 Belgium Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 132

TABLE 66 Belgium Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 133

TABLE 67 Netherlands Solar Microinverter Market, By Type 2018-2025 (US$ Million) 135

TABLE 68 Netherlands Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 135

TABLE 69 Netherlands Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 136

TABLE 70 Netherlands Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 136

TABLE 71 France Solar Microinverter Market, By Type 2018-2025 (US$ Million) 137

TABLE 72 France Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 138

TABLE 73 France Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 138

TABLE 74 France Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 138

TABLE 75 Rest of Europe Solar Microinverter Market, By Type 2018-2025 (US$ Million) 139

TABLE 76 Rest of Europe Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 140

TABLE 77 Rest of Europe Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 140

TABLE 78 Rest of Europe Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 140

TABLE 79 Asia Pacific Solar Microinverter Market, By Type 2018-2025 (US$ Million) 141

TABLE 80 Asia Pacific Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 142

TABLE 81 Asia Pacific Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 142

TABLE 82 Asia Pacific Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 142

TABLE 83 Asia Pacific Solar Microinverter Market, By Country 2018-2025 (US$ Million) 143

TABLE 84 China Solar Microinverter Market, By Type 2018-2025 (US$ Million) 144

TABLE 85 China Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 145

TABLE 86 China Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 145

TABLE 87 China Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 145

TABLE 88 India Solar Microinverter Market, By Type 2018-2025 (US$ Million) 148

TABLE 89 India Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 148

TABLE 90 India Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 149

TABLE 91 India Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 149

TABLE 92 Japan Solar Microinverter Market, By Type 2018-2025 (US$ Million) 150

TABLE 93 Japan Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 151

TABLE 94 Japan Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 151

TABLE 95 Japan Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 151

TABLE 96 Australia Solar Microinverter Market, By Type 2018-2025 (US$ Million) 153

TABLE 97 Australia Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 153

TABLE 98 Australia Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 153

TABLE 99 Australia Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 154

TABLE 100 Rest of Asia Pacific Solar Microinverter Market, By Type 2018-2025 (US$ Million) 155

TABLE 101 Rest of Asia Pacific Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 155

TABLE 102 Rest of Asia Pacific Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 155

TABLE 103 Rest of Asia Pacific Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 156

TABLE 104 Rest of World Solar Microinverter Market, By Type 2018-2025 (US$ Million) 158

TABLE 105 Rest of World Solar Microinverter Market, By Connectivity 2018-2025 (US$ Million) 159

TABLE 106 Rest of World Solar Microinverter Market, By Distribution Channel 2018-2025 (US$ Million) 159

TABLE 107 Rest of World Solar Microinverter Market, By End Users 2018-2025 (US$ Million) 159

TABLE 108 SMA Key Facts 166

TABLE 109 Product segmentation of SMA 167

TABLE 110 SMA Product Launches 172

TABLE 111 SMA Strategic Alliance (Partnership) 172

TABLE 112 SMA Business Expansions 173

TABLE 113 Altenergy Power System Inc. Key Facts 175

TABLE 114 Product segmentation of Altenergy Power System Inc. 176

TABLE 115 Altenergy Power System Inc. Growth Strategy 176

TABLE 116 Altenergy Power System Inc. Product Launches 178

TABLE 117 Altenergy Power System Inc. Partnership 179

TABLE 118 Altenergy Power System Inc. Business Expansions and Investment 179

TABLE 119 Northern Electric & Power Key Facts 180

TABLE 120 Product segmentation of Northern Electric & Power 181

TABLE 121 Northern Electric and Power Product Launches 183

TABLE 122 Northern Electric and Power Business Expansion 183

TABLE 123 Darfon Electronics Corp. Key Facts 185

TABLE 124 Ownership Structure 185

TABLE 125 Product segmentation of Darfon Electronics Corp. 186

TABLE 126 Darfon Electronics Corp. Growth Strategy 187

TABLE 127 Darfon Electronics Corp. Product Launches 189

TABLE 128 Chilicon Power Key Facts 191

TABLE 129 Chilicon Power Product Launches 194

TABLE 130 Chilicon Power Strategic Alliance 194

TABLE 131 Sparq Systems Key Facts 195

TABLE 132 Product segmentation of Sparq Systems 195

TABLE 133 Sparq Systems Product Launches 196

TABLE 134 Sparq Systems Strategic Alliance 197

TABLE 135 Sparq Systems Business Expansion 197

TABLE 136 Solar Edge Technologies Key Facts 198

TABLE 137 Solar Edge Technologies Product Launches 203

TABLE 138 Solar Edge Technologies Strategic Alliance 204

TABLE 139 Solar Edge Technologies Business Expansion 205

TABLE 140 Solar Edge Technologies Mergers & Acquisition 206

TABLE 141 Firmer SPA Key Facts 207

TABLE 142 Product segmentation of Fimer SPA 209

TABLE 143 Fimer SPA Business Expansion & Investments 215

TABLE 144 Fimer SPA Partnerships 215

TABLE 145 Fimer SPA Mergers & Acquisitions 215

TABLE 146 Enphase Energy Key Facts 216

TABLE 147 Product segmentation of Enphase Energy Inc 217

TABLE 148 Enphase Energy Inc Product Launches 222

TABLE 149 Enphase Energy Inc Strategic Alliance 223

TABLE 150 Enphase Energy Inc Business Expansion 225

TABLE 151 Enphase Energy Inc Merger & Acquisitions 227

TABLE 152 Green Rays Enersol Pvt Ltd, Inc Key Facts 228

TABLE 153 Product segmentation of Green Rays 229

 
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