Name: United States Solar Microinverter Market Size, Share, Growth and Industry Report
Creator: IMARC Group
License: https://www.imarcgroup.com/privacy-policy
Keywords: United States Solar Microinverter Market Report

United States Solar Microinverter Market Report by Connectivity (Standalone, On-Grid), Component (Hardware, Software), Communication Channel (Wired, Wireless), Type (Single Phase, Three Phase), Application (Residential, Commercial, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A3193

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Market Overview:

The United States solar microinverter market size reached US$ 388.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 988.2 Million by 2032, exhibiting a growth rate (CAGR) of 10.6% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 388.6 Million
Market Forecast in 2032	US$ 988.2 Million
Market Growth Rate 2024-2032	10.6%

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.

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 at the country and regional level from 2024-2032. Our report has categorized the market based on 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Connectivity, Component, Communication Channel, Type, Application, Region
Region Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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?

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