Article -> Article Details
Title | High Adoption of Solar Micro Inverters Due to Reduced Prices |
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Category | Business --> Business Services |
Meta Keywords | Solar Micro Inverters Market |
Owner | industrytrends |
Description | |
Solar inverters are used for
a major function, including the conversion of the DC solar panels for
generating AC, usually used by residents. Inverter technology is
advancing over the last few years to facilitate homeowners to capture maximum
power from the PV system. The string inverters and micro inverters can be used
by a solar homeowner, to conduct the process in various ways. Microinverters are installed
underneath the solar panel of each roof. The size of the micro inverter is
similar to that of the internet router. Integrated modules reduce labor
costs, streamline and installation time with overall operation and maintenance.
Such modules provide around 25% more power than traditional systems. Government initiatives and
reduced cost of microinverters have resulted in the wide installation of
photovoltaics around the world. It is due to effective performance,
cost-effectiveness, and safety features. Moreover, the rising installation of
PV fuels the microinverters demand. Shutdown
Potential Solar micro inverters possess
massive shutdown capability to enable the first responders or firefighters to
ensure their safety during high voltage when they require servicing power lines
or rooftops. Each module of the microinverters complies with the rapid shutdown
ability. Harvesting More
Electricity The major advantage of
microinverters is to generate more solar electricity. It is due to the smaller
difference in currents between the solar panels. In the solar panels of string.
the current is decreased equivalent to the minimum producing panel of string. Convenience in
Challenging Installation Conditions Solar system facing toward
various angles signifies several panels facing east, several facing west, and
several others facing north and south directions. Microinverters suits best if
there are shading issues due to large chimney or trees. In such situations, solar
panels produce various amounts of electricity at a varying duration of the day.
Therefore, microinverters harvest all the energy. While standard inverters may
lose some of the production. Lifespan Microinverters are usually
sold with a warranty for 25 years, while the standard inverters come with
8-to-12-year warranties. The long-term warranty on microinverters reflects
manufacturers’ confidence in their products. Panel-level
Monitoring Microinverters are capable of
tracking each panel’s productivity. Ease in System
Expansion Microinverters are easy to
install at a time. It provides ease in adding the combination of each panel and
microinverter to the existing solar array mitigating the need to purchase,
site, and install the additional string inverters. The integrated category is expected to exhibit faster revenue growth during the forecast period in the solar micro inverters market. This can be attributed to the decline in micro inverter prices, growing focus of key players toward integrated module systems, increasing product launches, and continuous rise in the number of strategic partnerships. The residential category held the largest revenue category by end use in 2017 in the solar micro inverters market. This is due to the increase in demand for micro inverters in residential PV installations and growing electricity needs in U.S., Japan, China, India, and other countries. The major companies operating
in the industry are ABB Ltd., SunPower Corporation, Darfon Electronics Corp.,
SMA Solar Technology AG, SolarEdge Technologies Inc., Enphase Energy Inc., and
Northern Electric and Power Co. Ltd. Therefore, the reduced cost
of micro inverters and their high voltage effectiveness with massive shutdown
potential lead to their wide adoption. |