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
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032 |
Historical Years
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2018-2023
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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.
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:
Breakup by Component:
Breakup by Communication Channel:
Breakup by Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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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) |