US Grid-Forming Inverters for Microgrids Market Research Report by Type (Micro Inverter, String Inverter, Central Inverter), by Voltage (100-300 V, 300-500 V, Above 500 V), by Power Rating (Below 50 KW, 50-100 KW, Above 100 KW), by Application (Remote & O
Description
The US grid-forming inverters for microgrids market is anticipated to grow at a 7.1% CAGR, reaching USD 2,647.3 million by the end of 2032. Grid-forming inverters are the “virtual generator” of the microgrids, i.e., these are the devices that set the voltage and frequency base for the entire network. They make the system more stable. Microgrids become more reliable and can accommodate higher renewable energy shares.
Microgrid spreading all over the U.S. is the reason for the fast pace of grid-forming inverters adoption. This trend, which is mainly driven by the need for resilience and the desire to achieve clean energy goals, is supported by these advanced systems that preserve grid stability, handle decentralized power, and enable solar and wind integration. Besides that, the growth of the inverter market is further solidified by a range of federal incentives and increased defense-led deployments.
Key Company Development
ABB, through its acquisition strategy and innovative approach, is deepening the breadth of its renewable energy and electrification portfolio. The 2024 acquisition of Gamesa Electric’s power electronics business is a step further toward the company's transformation into the renewable energy conversion sector with advanced engineering capabilities. In addition, the company launched an industry-first 3-level inverter for electric buses and introduced PowerExchanger technology, which makes it possible for UPS systems to not only stabilize the grids but also cut down on operational energy costs.
Major Competitors
Key competitors in the US grid-forming inverters for microgrids market include ABB Ltd., Schneider Electric, Siemens AG, General Electric (GE), Eaton Corporation, Tesla Inc., Hitachi Energy, SMA Solar Technology AG, Enphase Energy, Inc., and SolarEdge Technologies, Inc.
Key Report Attributes
• Market Size 2023: USD 1,366.5 Million
• Market Size 2032: USD 2,647.3 Million
• CAGR (2024-2032): 7.1%
• Base Year: 2023
• Market Forecast Period: 2024-2032
Market Segmentation Growth
• By Type: Micro Inverter, String Inverter, Central Inverter.
• By Voltage: 100-300 V, 300-500 V, Above 500 V.
• By Power Rating: Below 50 KW, 50-100 KW, Above 100 KW.
• By Application: Remote & Off-Grid Microgrids, Grid-Connected Microgrids, Community & Resilience Microgrids, Hybrid Microgrids, Others.
• By Technology: AC to DC Converters, DC to AC Converters, Others.
• By End User: Utilities, Residential and Commercial, Military & Defense, Others.
Microgrid spreading all over the U.S. is the reason for the fast pace of grid-forming inverters adoption. This trend, which is mainly driven by the need for resilience and the desire to achieve clean energy goals, is supported by these advanced systems that preserve grid stability, handle decentralized power, and enable solar and wind integration. Besides that, the growth of the inverter market is further solidified by a range of federal incentives and increased defense-led deployments.
Key Company Development
ABB, through its acquisition strategy and innovative approach, is deepening the breadth of its renewable energy and electrification portfolio. The 2024 acquisition of Gamesa Electric’s power electronics business is a step further toward the company's transformation into the renewable energy conversion sector with advanced engineering capabilities. In addition, the company launched an industry-first 3-level inverter for electric buses and introduced PowerExchanger technology, which makes it possible for UPS systems to not only stabilize the grids but also cut down on operational energy costs.
Major Competitors
Key competitors in the US grid-forming inverters for microgrids market include ABB Ltd., Schneider Electric, Siemens AG, General Electric (GE), Eaton Corporation, Tesla Inc., Hitachi Energy, SMA Solar Technology AG, Enphase Energy, Inc., and SolarEdge Technologies, Inc.
Key Report Attributes
• Market Size 2023: USD 1,366.5 Million
• Market Size 2032: USD 2,647.3 Million
• CAGR (2024-2032): 7.1%
• Base Year: 2023
• Market Forecast Period: 2024-2032
Market Segmentation Growth
• By Type: Micro Inverter, String Inverter, Central Inverter.
• By Voltage: 100-300 V, 300-500 V, Above 500 V.
• By Power Rating: Below 50 KW, 50-100 KW, Above 100 KW.
• By Application: Remote & Off-Grid Microgrids, Grid-Connected Microgrids, Community & Resilience Microgrids, Hybrid Microgrids, Others.
• By Technology: AC to DC Converters, DC to AC Converters, Others.
• By End User: Utilities, Residential and Commercial, Military & Defense, Others.
Table of Contents
141 Pages
- 1 Executive Summary
- 2 Market Introduction
- 2.1 Definition
- 2.2 Scope Of The Study
- 2.3 Research Objective
- 2.4 Market Structure
- 3 Research Methodology
- 3.1 Overview
- 3.2 Data Flow
- 3.2.1 Data Mining Process
- 3.3 Purchased Database:
- 3.4 Secondary Sources:
- 3.4.1 Secondary Research Data Flow:
- 3.5 Primary Research:
- 3.5.1 Primary Research Data Flow:
- 3.6 Approaches For Market Size Estimation:
- 3.6.1 Trade Analysis Approach
- 3.7 Data Forecasting
- 3.7.1 Data Forecasting Technique
- 3.8 Data Modeling
- 3.8.1 Microeconomic Factor Analysis:
- 3.8.2 Data Modeling:
- 3.9 Teams And Analyst Contribution
- 4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Rising Deployment Of Microgrids
- 4.2.2 Need For Grid Resilience & Stability
- 4.2.3 Corporate And Military Investments In Microgrids
- 4.3 Restraint
- 4.3.1 High Initial Costs & Capital Expenditure
- 4.3.2 Technical Complexity & System Integration Challenges
- 4.4 Opportunity
- 4.4.1 Emerging Role Of Dc Microgrids & Bidirectional Dc/Dc Converters
- 4.4.2 Growth In Smart Grids & Digitalization
- 4.4.3 Development Of Bidirectional And Vehicle-to-grid (V2g) Inverters
- 4.5 Impact Analysis Of Covid-19
- 4.6 Impact Analysis Of Russia Ukraine War
- 4.7 Impact Of Trump 2.0 On The Market
- 4.7.1 Us Administration Impact Analysis
- 5 Market Factor Analysis
- 5.1 Supply/Value Chain Analysis
- 5.1.1 Participants
- 5.1.1.1 Subassemblies Suppliers
- 5.1.1.1.1 List Of Subassemblies Suppliers (Company Name, Type Of Product, Headquarters, And Contact Details)
- 5.1.1.1.2 Subassemblies Trends
- 5.1.1.2 Component System Manufacturers/Assemblers
- 5.1.1.2.1 List Of Manufacturers (Company Name, Type Of Product, Headquarters, And Contact Details)
- 5.1.1.3 Distributors
- 5.1.1.3.1 List Of Distributors (Company Name, Type Of Product, Headquarters, And Contact Details)
- 5.1.1.4 End Users
- 5.1.1.4.1 List Of End Users (Company Name, Type Of Product, Headquarters, And Contact Details)
- 5.1.1.4.2 Customer Need, Preferences, Pain Points, & End Use Industries
- 5.1.2 Value Percolation Across The Chain
- 5.1.3 Integration Levels
- 5.1.4 Key Issues Addressed
- 5.2 Porter’s Five Forces Model
- 5.2.1 Threat Of New Entrants
- 5.2.2 Threat Of Substitutes
- 5.2.3 Bargaining Power Of Suppliers
- 5.2.4 Bargaining Power Of Buyers
- 5.2.5 Intensity Of Rivalry
- 5.3 Business Enviornment Analysis
- 5.3.1 Political
- 5.3.2 Economic
- 5.3.3 Social
- 5.3.4 Technology
- 5.3.5 Legal
- 5.3.6 Enviornment
- 5.4 Technology Advancements
- 5.4.1 Higher Power Density And Efficiency
- 5.4.2 Enhanced Grid Stability And Resilience
- 5.4.3 Improved Control Algorithms
- 5.4.4 Modular And Scalable Designs
- 5.4.5 Enhanced Grid Communication And Cybersecurity
- 5.5 Regulatory Framework
- 5.5.1 Overview Of Ul 1741
- 5.5.2 Dc/Dc Converters & Ul 1741 Certification
- 5.6 Dc/Dc Converters Use Cases In Microgrids
- 5.6.1 Case Study
- 5.6.2 Case Study
- 5.7 Impact Of Dc/Dc Converters On Microgrid Efficiency & Performance
- 5.8 Future Trends And Technology Roadmap
- 5.8.1 Advancements In Ul 1741 Sb (Smart Inverter) Compliance For Dc/Dc Converters
- 5.8.2 Integration Of Ai & Iot For Adaptive Power Management
- 5.8.3 Policy Support & Incentives For Dc Microgrids In The U.S.
- 5.9 Research And Development Review
- 5.10 Case Study/ Use Cases
- 5.10.1 Case Study
- 5.10.2 Case Study
- 6 Us Grid-forming Inverters For Microgrids Market, By Power Output
- 6.1 Introduction
- 6.1.1 Micro Inverter
- 6.1.2 String Inverters
- 6.1.3 Central Inverters
- 7 Us Grid-forming Inverters For Micorgrids S Market, By Voltage
- 7.1 Introduction
- 7.1.1 100–300 V
- 7.1.2 300–500 V
- 7.1.3 Above 500 V
- 8 Us Grid-forming Inverters For Micorgrids S Market, By Power Rating
- 8.1 Introduction
- 8.1.1 Below 50 Kw
- 8.1.2 50–100 Kw
- 8.1.3 Above 100 Kw
- 9 Us Grid-forming Inverters For Micorgrids S Market, By Application
- 9.1 Introduction
- 9.1.1 Remote & Off-grid Microgrids
- 9.1.2 Grid-connected Microgrids
- 9.1.3 Community & Resiliency Microgrids
- 9.1.4 Hybrid Microgrids
- 9.1.5 Others
- 10 Us Grid-forming Inverters For Micorgrids S Market, By Power Rating
- 10.1 Introduction
- 10.1.1 Below 50 Kw
- 10.1.2 50–100 Kw
- 10.1.3 Above 100 Kw
- 11 Us Grid-forming Inverters For Micorgrids S Market, By Technology
- 11.1 Introduction
- 11.1.1 Ac To Dc Converters
- 11.1.2 Dc To Ac Converters
- 11.1.2.1 Isolated Dc/Dc Converters
- 11.1.2.2 Non-isolated Dc/Dc Converters
- 11.1.2.3 Bidirectional Dc/Dc Converters
- 11.1.3 Others
- 12 Us Grid-forming Inverters For Micorgrids S Market, By End User
- 12.1 Introduction
- 12.1.1 Utilities
- 12.1.2 Residential & Commercial
- 12.1.3 Military & Defense
- 12.1.4 Others
- 13 Us Grid-forming Inverters For Micorgrids S Market, By Region
- 13.1 Introduction
- 13.2 Northeast Us
- 13.3 Southeast Us
- 13.4 Midwest Us
- 13.5 Southwest Us
- 13.6 West Us
- 14 Competitive Landscape
- 14.1 Introduction
- 14.2 Company Market Share Analysis, 2023
- 14.2.1 Us Grid-forming Inverters For Microgrids Market Share Analysis
- 14.3 Competitive Benchmarking
- 14.4 Leading Players In Terms Of The Number Of Developments In The Us Grid-forming
- Inverters For Microgrids Market
- 14.5 Key Developments & Growth Strategies
- 14.5.1 Expansion
- 14.5.2 New Product Launch
- 14.5.3 Acquisition
- 14.5.4 Partnership
- 14.5.5 Agreement
- 15 Company Profiles
- 15.1 Abb
- 15.1.1 Company Overview
- 15.1.2 Financial Overview Abb: Financial Overview Snapshot.
- 15.1.3 Products Offered
- 15.1.4 Key Developments
- 15.1.5 Swot Analysis
- 15.1.6 Key Strategy
- 15.1.6.1 Business Strategies
- 15.1.6.1.1 Product Strategy
- 15.1.6.2 Corporate Strategies
- 15.1.6.3 Overall Strategy
- 15.1.1 List Of Prominent Distributors
- 15.2 Schneider Electric Se
- 15.2.1 Company Overview
- 15.2.2 Financial Overview
- 15.2.3 Products Offered
- 15.2.4 Key Developments
- 15.2.5 Swot Analysis
- 15.2.6 Key Strategy
- 15.2.6.1 Business Strategies
- 15.2.6.1.1 Product Strategy
- 15.2.6.2 Corporate Strategies
- 15.2.6.3 Overall Strategy
- 15.3 Siemens Ag
- 15.3.1 Company Overview
- 15.3.2 Financial Overview
- 15.3.3 Products Offered
- 15.3.4 Key Developments
- 15.3.5 Swot Analysis
- 15.3.6 Key Strategy
- 15.3.6.1 Business Strategies
- 15.3.6.1.1 Product Strategy
- 15.3.6.2 Corporate Strategies
- 15.3.6.3 Overall Strategy
- 15.3.7 List Of Prominent Distributors
- 15.4 General Electric (Ge)
- 15.4.1 Company Overview
- 15.4.2 Financial Overview
- 15.4.3 Products Offered
- 15.4.4 Key Developments
- 15.4.5 Key Developments
- 15.4.6 Swot Analysis
- 15.4.7 Key Strategy
- 15.4.7.1 Business Strategies
- 15.4.7.1.1 Product Strategy
- 15.4.7.2 Corporate Strategies
- 15.4.7.3 Overall Strategy
- 15.4.8 List Of Prominent Distributors
- 15.5 Eaton Corporation
- 15.5.1 Company Overview
- 15.5.2 Financial Overview
- 15.5.3 Products Offered
- 15.5.4 Key Developments
- 15.5.5 Swot Analysis
- 15.5.6 Key Strategy
- 15.5.6.1 Business Strategies
- 15.5.6.1.1 Product Strategy
- 15.5.6.2 Corporate Strategies
- 15.5.6.3 Overall Strategy
- 15.5.7 List Of Prominent Distributors
- 15.6 Tesla Inc.
- 15.6.1 Company Overview
- 15.6.2 Financial Overview
- 15.6.3 Products Offered
- 15.6.4 Key Developments
- 15.6.5 Swot Analysis
- 15.6.6 Key Strategy
- 15.6.6.1 Business Strategy
- 15.6.6.1.1 Product Strategy
- 15.6.6.2 Corporate Strategies
- 15.6.6.3 Overall Strategy
- 15.7 Hitachi Energy Ltd.
- 15.7.1 Company Overview
- 15.7.2 Financial Overview
- 15.7.3 Products Offered
- 15.7.4 Key Developments
- 15.7.5 Swot Analysis
- 15.7.6 Key Strategy
- 15.7.6.1 Business Strategy
- 15.7.6.1.1 Product Strategy
- 15.7.6.2 Corporate Strategies
- 15.7.6.3 Overall Strategy
- 15.7.7 List Of Prominent Distributors
- 15.8 Sma Solar Technology Ag
- 15.8.1 Company Overview
- 15.8.2 Financial Overview
- 15.8.3 Products Offered
- 15.8.4 Key Developments
- 15.8.5 Swot Analysis
- 15.8.6 Key Strategy
- 15.8.6.1 Business Strategy
- 15.8.6.1.1 Product Strategy
- 15.8.6.2 Corporate Strategies
- 15.8.6.3 Overall Strategy
- 15.8.7 List Of Prominent Distributors
- 15.9 Enphase Energy, Inc.
- 15.9.1 Company Overview
- 15.9.2 Financial Overview
- 15.9.3 Products Offered
- 15.9.4 Key Developments
- 15.9.5 Swot Analysis
- 15.9.6 Key Strategy
- 15.9.6.1 Business Strategy
- 15.9.6.1.1 Product Strategy
- 15.9.6.2 Corporate Strategies
- 15.9.6.3 Overall Strategy
- 15.10 Solaredge Technologies, Inc.
- 15.10.1 Company Overview
- 15.10.2 Financial Overview
- 15.10.3 Products Offered
- 15.10.4 Key Developments
- 15.10.5 Swot Analysis
- 15.10.6 Key Strategy
- 15.10.6.1 Business Strategy
- 15.10.6.1.1 Product Strategy
- 15.10.6.2 Key Strategy
- 15.10.6.3 Overall Strategy
- 15.11 Data Citations
- List Of Tables
- Table 1 Qfd Modeling For Market Share Assessment
- Table 2 Us Grid-forming Inverters For Micorgrids S Market, By Power Output, 2018–2032 (Usd Million)
- Table 3 Us Grid-forming Inverters For Micorgrids S Market, By Voltage, 2018–2032 (Usd Million)
- Table 4 Us Grid-forming Inverters For Microgrids Market, By End-use Industry, 2018–2032 (Usd Million)
- Table 5 Us Grid-forming Inverters For Microgrids Market, By Application, 2018–2032 (Usd Million)
- Table 6 Us Grid-forming Inverters For Microgrids Market, By End-use Industry, 2018–2032 (Usd Million)
- Table 7 Uae Us Grid-forming Inverters For Microgridss Market, By Power Output, 2018–2032 (Usd Million)
- Table 8 Uae Us Grid-forming Inverters For Microgridss Market, By Power Output, 2018–2032 (Usd Million)
- Table 9 Uae Us Grid-forming Inverters For Microgridss Market, By Power Output, 2018–2032 (Usd Million)
- Table 10 Uae Us Grid-forming Inverters For Microgridss Market, By Power Output, 2018–2032 (Usd Million)
- Table 11 Uae Us Grid-forming Inverters For Microgridss Market, By Power Output, 2018–2032 (Usd Million)
- Table 12 Leading Players In Terms Of The Number Of Developments In The Us Grid-forming Inverters For Microgrids Market
- Table 13 Capacity Expansion
- Table 14 New Product Launch
- Table 15 Acquisition
- Table 16 Partnership
- Table 17 Agreement
- Table 18 Abb: Products Offered
- Table 19 Schneider Electric Se: Products Offered
- Table 20 Schneider Electric Se: Key Developments
- Table 21 Siemens Ag : Products Offered
- Table 22 Siemens Ag : Key Developments
- Table 23 General Electric (Ge): Products Offered
- Table 24 General Electric (Ge): Key Developments
- Table 25 Eaton Corporation: Products Offered
- Table 26 Eaton Corporation: Key Developments
- Table 27 Tesla Inc.: Products Offered
- Table 28 Tesla Inc.: Key Developments
- Table 29 Hitachi Energy Ltd.: Products Offered
- Table 30 Hitachi Energy Ltd.: Key Developments
- Table 31 Sma Solar Technology Ag: Products Offered
- Table 32 Enphase Energy, Inc.: Financial Overview Snapshot
- Table 33 Enphase Energy, Inc.: Products Offered
- Table 34 Solaredge Technologies, Inc.: Products Offered
- Table 35 Solaredge Technologies, Inc.: Key Developments
- List Of Figures
- Figure 1 Us Grid-forming Inverters For Micorgrids Market Snapshot, 2023
- Figure 2 Us Grid-forming Inverters For Micorgrids Market: Structure
- Figure 3 Us Grid-forming Inverters For Micorgrids: Market Growth Factor Analysis (2018-2032)
- Figure 4 Driver Impact Analysis (2024-2032)
- Figure 5 Restraint Impact Analysis (2024-2032)
- Figure 6 Supply Chain: Us Grid-forming Inverters For Micorgrids Market
- Figure 7 Porter's Five Forces Analysis Of The Us Grid-forming Inverters For Micorgrids Market
- Figure 8 Us Grid-forming Inverters For Microgrids Market, By Power Output, 2023 (% Share)
- Figure 9 Us Grid-forming Inverters For Microgrids Market, By Voltage, 2023 (% Share)
- Figure 10 Us Grid-forming Inverters For Microgrids Market, By End-use Industry, 2023 (% Share)
- Figure 11 Us Grid-forming Inverters For Microgrids Market, By Application, 2023 (% Share)
- Figure 12 Us Grid-forming Inverters For Microgrids Market, By End-use Industry, 2023 (% Share)
- Figure 13 Us Grid-forming Inverters For Microgrids Market, By Country, 2023, (Share %)
- Figure 14 Us Grid-forming Inverters For Microgrids Market Share Analysis, 2023 (%)
- Figure 15 Benchmarking Of Major Competitors
- Figure 16 Abb.: Swot Analysis
- Figure 17 Schneider Electric Se: Financial Overview Snapshot
- Figure 18 Schneider Electric Se: Swot Analysis
- Figure 19 Siemens Ag : Financial Overview Snapshot
- Figure 20 Siemens Ag : Swot Analysis
- Figure 21 General Electric (Ge): Financial Overview Snapshot
- Figure 22 General Electric (Ge): Swot Analysis
- Figure 23 Eaton Corporation: Financial Overview Snapshot
- Figure 24 Eaton Corporation: Swot Analysis
- Figure 25 Tesla Inc.: Financial Overview Snapshot
- Figure 26 Tesla Inc.: Swot Analysis
- Figure 27 Hitachi Energy Ltd.: Financial Overview Snapshot
- Figure 28 Hitachi Energy Ltd.: Swot Analysis
- Figure 29 Sma Solar Technology Ag: Swot Analysis
- Figure 30 Enphase Energy, Inc.: Swot Analysis
- Figure 31 Solaredge Technologies, Inc.: Financial Overview Snapshot
- Figure 32 Solaredge Technologies, Inc.: Swot Analysis 136
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