United States Solar Microinverter Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Solar Microinverter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The United States solar microinverter market is currently witnessing robust growth. A solar microinverter refers to electronic equipment that changes the waveform of the current produced by photovoltaic (PV) cells. It functions in a parallel circuit as it is used for changing direct current (DC) into alternating current (AC). Solar microinverters have the ability to maintain a consistent flow of power despite the shading of panels and have other advantages such as immense design flexibility and the capability to maximize power from solar panels by using the Maximum Point Tracking (MPPT) technology.

The United States solar microinverter market is primarily driven by the introduction of regulatory frameworks and policies to develop solar infrastructures and the rapid adoption of advanced technologies. Additionally, the rise in the demand for safe and sustainable power sources, coupled with several up-gradations in battery storage technology, are also influencing the market growth. Furthermore, there has been an increase in the development of solar power plants in the region. Along with this, the rising popularity of crystalline silicon PV modules has escalated the demand for solar microinverters across the country. Looking forward, the market is expected to continue its robust growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States solar microinverter market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, connectivity, component, communication channel, type and application.

Breakup by Connectivity:

Standalone
On-Grid

Breakup by Component:

Hardware
Software

Breakup by Communication Channel:

Wired
Wireless

Breakup by Type:

Single Phase
Three Phase

Breakup by Application:

Residential
Commercial
Others

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the United States solar microinverter market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States solar microinverter market?
What are the key regional markets?
What is the breakup of the market based on the connectivity?
What is the breakup of the market based on the component?
What is the breakup of the market based on the communication channel?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the United States solar microinverter market and who are the key players?
What is the degree of competition in the industry?