United States solar microinverter market
is expected to grow at a formidable rate during the forecast period. The United
States solar microinverter market is driven by significant reduction in the
costs of microinverters. Moreover, on account of its compact size as well as
versatility, the solar micro inverter market is expected to receive enormous
boost during the next five years. Additionally, surging installations of solar
products such as solar panels, is further bolstering the market growth in the
country. However, growing adoption of DC optimizer is expected to hinder the United
States solar micro inverter market growth over the forecast period.
The United States solar
microinverter market is segmented based on type, connectivity, application,
sales channel, company and region. In terms of connectivity, the market is
segmented into integrated and standalone. Among them, integrated connectivity
segment occupied the leading share in United States solar micro inverter market
until 2020 and is estimated to maintain its lead during the coming years as
well specifically due to their cost-effectiveness and ease of installation. Based
on type, the single-phase segment is expected to hold the largest size of the
market, during the forecast period. This can be attributed to the fact that
single-phase technology allows the system to have a compact size, that is well
suitable for residential and commercial applications.
Major players operating in the United
States solar microinverter market include Enphase Energy, Altenergy Power
System, Chilicon Power, SunPower, Siemens, Envertech, ReneSola, Darfon
Electronics, AEconversion, ABB and others. The key market players are adopting
some competitive strategies such as mergers & acquisitions, partnership,
agreements, new product developments in order to expand their geographic reach
and to increase their customer basis.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the
- To analyze and estimate the market size of United
States solar microinverter market from 2016 to 2019.
- To estimate and forecast the market size of United
States solar microinverter market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast United States solar
microinverter market based on type, connectivity, application, sales channel,
company and regional distribution.
- To identify dominant region or segment in the United
States solar microinverter market.
- To identify drivers and challenges for United
States solar microinverter market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in US solar microinverter market.
- To identify and analyze the profile of leading
players operating in US solar microinverter market.
- To identify key sustainable strategies adopted
by market players in United States solar microinverter market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers and presence of all major players across
TechSci Research calculated the market size of United States solar microinverter
market using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Solar microinverter manufacturers, suppliers,
distributors and other stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers,partners, end users, etc., besides allowing
them in strategizing investments and capitalizing on market opportunities.
In this report, United States solar
microinverter market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- United States Solar Microinverter Market, By Type:
- United States Solar Microinverter Market, By Connectivity:
- United States Solar Microinverter Market, By Application:
- PV Power Plant
- United States Solar Microinverter Market, By Sales Channel:
- United States Solar Microinverter Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in United States solar microinverter market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
analysis and profiling of additional market players (up to five).
United States solar
microinverter market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
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