Solar Micro Inverter Market : Innovations In Energy Forecasting For Seamless Solar Integration During The Forecast Period From 2022-2030
Solar Micro Inverter Market In photovoltaic systems, a solar micro inverter is a piece of plug-and-play hardware that transforms the direct current produced by a single module into alternating current. Micro inverters operate on Module Level Power Electronics (MLPE), which places power conversion at the individual module level as opposed to typical central inverters. In turn, this lessens the negative consequences of module mismatch and improves the system's overall effectiveness. In addition, micro inverters offer superior safety over conventional inverters, module-level monitoring, increased design flexibility, and simpler installation. The Solar Micro Inverter Market was US$ 231 Mn in 2021, and it is anticipated to increase at a CAGR of 18.3% from 2022 to 2030, says Coherent Market Insights. Market growth As the solar micro inverter market continues to expand, integrating renewable energy sources into existing power grids becomes increasingly critical. One of the key c