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