The Europe Micro Inverter Market would witness market growth of 17.3% CAGR during the forecast period (2022-2028).
Micro inverters used to just have one port, allowing only one panel to be attached at a time. This means the user needs twice as numerous micro inverters as panels, resulting in a significant increase in system prices. With quad-port micro inverter and new dual, users can get the same production benefits as before but with more MPPT ports, allowing the user to connect up to 4 panels to the same micro inverter.
The sunlight would be distributed disproportionately over the entire system when solar PV systems are designed on complicated or multi-directional rooftops. String inverters would result in a significant reduction in energy harvested since each panel would be unable to operate adequately due to only having one MPPT. Each panel will be able to regulate its own voltage using micro inverters, ensuring that it is producing the highest amount of power feasible.
The European region is already well established in micro electronic technologies and heavily investing in activities that can significantly reduce the cost of manufacturing a micro inverter and enhance the overall performance of the electronic device. The European semiconductor industry is centered in Germany. Over the value chain, the country has an unrivaled density of world-leading device suppliers and manufacturers for materials, components, and equipment. There are numerous and diverse investment options available, ranging from design and manufacturing to applications.
Industrial electronics is Germany's second-largest microelectronics segment, accounting for over 24% of the country's semiconductor industry. Strong growth rates, owing to a diverse domestic and foreign industrial base, have helped Germany maintain its position as the world's technical development leader. Automation, building technology, and electronic payment systems have traditionally been the major segments.
The Germany market dominated the Europe Micro Inverter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $438.4 million by 2028. The UK market is poised to grow at a CAGR of 16.3% during (2022 - 2028). Additionally, The France market would display a CAGR of 18.1% during (2022 - 2028).
Based on Type, the market is segmented into Single phase and Three phase. Based on Connection, the market is segmented into Grid Connected and Stand Alone. Based on End User, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Micro Inverter Market will Hit $7.4 Billion by 2028, at a CAGR of 17.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Delta Electronics, Inc., STMicroelectronics N.V., Texas Instruments, Inc., Sensata Technologies Holdings PLC, Darfon Electronics Corporation, Enphase Energy, Inc., Sparq Systems Inc., Fimer S.p.A., and SolarEdge Technologies, Inc.
By Type
By Connection
By End User
By Country
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