Lewes, DE -- (SBWIRE) -- 05/19/2016 -- Report forecast the Global Solar Microinverter Market to grow at a CAGR of 25.7% during the period 2016-2020.

Solar microinverters are small devices installed on solar panels that convert the DC output of a photovoltaic (PV) panel into AC. These inverters use maximum power point tracking (MPPT) to get maximum power from the PV array.

The function of a microinverter is similar to a central or string inverter. In a string inverter, the PV modules are connected in strings and then wired to a central inverter. A microinverter, however, does not generate power unless connected to the grid. It converts AC to DC at each PV module, allowing the output of PV module to be unaffected by other modules. Therefore, partial shading, debris, and snow lines on any one module do not disproportionately affect the output.

Solar microinverters enable maximum power, design flexibility, and enhanced safety, addressing the shortcomings of traditional inverters.

The report covers the present scenario and the growth prospects of the Global Solar Microinverter Market for 2016-2020.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key driver of market growth is the easy installation and customization of microinverters. Solar microinverters are easy to install and have simpler operations compared to string inverters and central inverters. These solar microinverters work independently as they follow MTTP. This reduces complications and the need for technical expertise. Therefore, the cost of labor for system design is low. This in turn, reduces the overhead cost. Apart from this, solar microinverters can be customized depending on the site and requirements, giving better flexibility compared to conventional inverters.

Further, the report states that one challenge that could hamper market growth is the fact that there is less product differentiation between offerings by vendors.

Global Solar Microinverter Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Solar Microinverter Market: ABB, Enphase Energy, SMA, SolarEdge, SunPower, APS, and Cybo Energy.

Other Prominent Vendors in the market are: APS, Chilicon Power, iEnergy, Involar, LeadSolar, ReneSola, and Sparq Systems.

Market driver
- Easy installation and customization
- For a full, detailed list, view our report

Market challenge
- Less product differentiation
- For a full, detailed list, view our report

Market trend
- Shift to renewable energy and increasing environmental concerns
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 56 pages and 36 Exhibit "Global Solar Micro Inverters 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-solar-micro-inverters-2016-2020

Find all Solar Power Reports at: http://www.marketresearchreports.com/solar-power

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions