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:
Breakup by Component:
Breakup by Communication Channel:
Breakup by Type:
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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 United States Solar Microinverter Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Connectivity
6.1 Standalone
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 On-Grid
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component
7.1 Hardware
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Software
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Communication Channel
8.1 Wired
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Wireless
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Type
9.1 Single Phase
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Three Phase
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Application
10.1 Residential
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 Northeast
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Midwest
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 South
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 West
11.4.1 Market Trends
11.4.2 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Policy and Regulatory Landscape
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
List of Figures
Figure 1: United States: Solar Microinverter Market: Major Drivers and Challenges
Figure 2: United States: Solar Microinverter Market: Sales Value (in Million US$), 2015-2020
Figure 3: United States: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: United States: Solar Microinverter Market: Breakup by Connectivity (in %), 2020
Figure 5: United States: Solar Microinverter Market: Breakup by Component (in %), 2020
Figure 6: United States: Solar Microinverter Market: Breakup by Communication Channel (in %), 2020
Figure 7: United States: Solar Microinverter Market: Breakup by Type (in %), 2020
Figure 8: United States: Solar Microinverter Market: Breakup by Application (in %), 2020
Figure 9: United States: Solar Microinverter Market: Breakup by Region (in %), 2020
Figure 10: United States: Solar Microinverter (Standalone) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: United States: Solar Microinverter (Standalone) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: United States: Solar Microinverter (On-Grid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: United States: Solar Microinverter (On-Grid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: United States: Solar Microinverter (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: United States: Solar Microinverter (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: United States: Solar Microinverter (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: United States: Solar Microinverter (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: United States: Solar Microinverter (Wired) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: United States: Solar Microinverter (Wired) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: United States: Solar Microinverter (Wireless) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: United States: Solar Microinverter (Wireless) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: United States: Solar Microinverter (Single Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: United States: Solar Microinverter (Single Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: United States: Solar Microinverter (Three Phase) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: United States: Solar Microinverter (Three Phase) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: United States: Solar Microinverter (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: United States: Solar Microinverter (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: United States: Solar Microinverter (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: United States: Solar Microinverter (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: United States: Solar Microinverter (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: United States: Solar Microinverter (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Northeast: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Northeast: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Midwest: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Midwest: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: South: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: South: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: West: Solar Microinverter Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: West: Solar Microinverter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: United States: Solar Microinverter Industry: SWOT Analysis
Figure 41: United States: Solar Microinverter Industry: Value Chain Analysis
Figure 42: United States: Solar Microinverter Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: Solar Microinverter Market: Key Industry Highlights, 2020 and 2026
Table 2: United States: Solar Microinverter Market Forecast: Breakup by Connectivity (in Million US$), 2021-2026
Table 3: United States: Solar Microinverter Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 4: United States: Solar Microinverter Market Forecast: Breakup by Communication Channel (in Million US$), 2021-2026
Table 5: United States: Solar Microinverter Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 6: United States: Solar Microinverter Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: United States: Solar Microinverter Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: United States: Solar Microinverter Market: Competitive Structure
Table 9: United States: Solar Microinverter Market: Key Players