Smart micro inverter sales manufacturer

Who makes micro inverters?

Enphase, the pioneer of the micro inverter concept, is a globally leading manufacturer as well as supplier of micro inverters. They rank among TIER-1 companies. They are also known for revolutionizing power generation on a global scale. Mr. Raghu Belur and Mr. Martin Fornage established the brand jointly in 2006 in California (USA).

What is the global solar microinverter market value?

The global solar microinverter market reached a value of US$ 231 Million in 2021. Solar microinverters refer to electronic devices used in photovoltaics to convert the direct current (DC) generated by solar panels into alternating current (AC).

What is a solar microinverter?

Solar microinverters refer to electronic devices used in photovoltaics to convert the direct current (DC) generated by solar panels into alternating current (AC). They function in a parallel circuit and can separate power output from each panel while converting it into grid voltage.

What is IMARC group's forecast for solar PV market?

Furthermore, recent technological advancements, such as higher solar PV module efficiencies, favorable government initiatives, new product launches and cost reductions, are also creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 554 Million by 2027, growing at a CAGR of 15.5% during 2022-2027.