Micro Inverter Market Trends

Micro Inverter Market Trends

Micro Inverter industry will witness an appreciable momentum owing to factors including improved energy harvesting efficiency in comparison to traditional string inverters coupled with real-time monitoring and data collection at the individual panel level. Technological advancements in the semiconductor technology and power electronics will lead to improved efficiency and reduced costs for microinverters. Ongoing proliferation of renewable energy sources including solar, has posed challenges to grid stability owing to their intermittent nature. However, microinverters with their ability to operate independently, contribute to grid stability by reducing voltage fluctuations and reactive power issues. In addition, they can be integrated into smart grid systems, thereby enabling advanced demand-response capabilities and grid management.