Global Solar Microinverter and Power Optimizer Market: Home Batteries oct 2016 | Page 3

Some analysts speculate that the Code will eventually make it mandatory for solar systems to include functionality
of shutting off individual panels remotely with the help of a central switch. Some of the largest players in the
microinverters and power optimizer industry have already started to monetize this opportunity by incorporating
rapid shutdown features in their new product lines.
As the regulatory framework in other regional markets becomes more wary of the level of safety of solar power
systems, similar regulations are projected to be instituted and proactive vendors will benefit from this changing
regulatory environment.
Apart from these two opportunities, vendors can also benefit from the rising affordability of energy storage devices
for solar power systems. Home batteries running on solar power have the potential of becoming the face of
mainstream energy storage systems of the near future.
Global Solar Microinverter and Power Optimizer Market: Region-wise Outlook
Of th e key regional markets for solar microinverters and power optimizers examined in the report, North America
leads the global market, with a dominant share attributed to residential solar PV installations. However, the market
may soon witness expansion in other regional markets such as Asia Pacific, as the dropping costs of microinverters
and power optimizers seek to lure cost-sensitive regions with untapped growth opportunities.
Global Solar Microinverter and Power Optimizer Market: Competitive Outlook
The market is presently dominated by companies such as SolarEdge and Enphase. However, the market’s
competitive landscape is rapidly changing, with a rising number of solar PV manufacturers now developing products
readily incorporated with microinverters and power optimizers. The market has also begun to see a favorable rise in
investments from capital ventures and the entry of well-funded startups. This is rapidly changing the competitive
landscape of the global solar microinverters and power optimizers market.
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