A solar microinverter is an electronic device designed to convert the direct current (DC) generated by solar panels to alternating current (AC). It is attached to solar panels and converts the current separately. The solar microinverter is different from string and central inverters, which are primarily used for utility-sized solar power stations. In India, solar microinverters are gaining immense traction as they are safe, reliable, and cost-effective. They also help to minimize the risk of fire, dissipate significantly less heat, operate without noise and produce more electricity.Request Free Sample Report: https://www.imarcgroup.com/india-solar-microinverter-market/requestsample
Market Trends
The India solar microinverter market is primarily propelled by a shift from fossil fuel-based energy generation to sustainable and clean power sources. Furthermore, with the growing environmental concerns, the Government of India has implemented several favorable policies to encourage the use of renewable energy sources. This has escalated the sales of solar microinverters, which help in reducing the carbon emissions. Besides this, the increasing cost of fossil fuels is making solar power an economical substitute, thereby augmenting the demand for microinverters across the region. Numerous other factors, such as rapid urbanization, extensive expenditure for the development of solar power infrastructure and the growing utilization of Building-Integrated Photovoltaics (BIPV) are expected to further bolster the market growth in the coming years.
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-solar-microinverter-market
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of connectivity, component, communication channel, type, application and region.
Breakup by Connectivity:
Standalone
On-Grid
Breakup by Component:
Hardware
Software
Breakup by Communication Channel:
Wired
Wireless
Breakup by Type:
Single Phase
Three Phase
Breakup by Application:
Residential
Commercial
Others
Breakup by Region:
North India
West and Central India
East India
South India
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800