North America Solar Inverters Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Central, String, and Micro), System Type (On-Grid and Off-Grid), and End User (Residential, Commercial, and Utility)
Description
North America Solar Inverters Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Central, String, and Micro), System Type (On-Grid and Off-Grid), and End User (Residential, Commercial, and Utility)
The North America solar inverters market is expected to reach US$ 3,293.82 million by 2028 from US$ 2,104.70 million in 2022; it is estimated to grow at a CAGR of 7.8% from 2022 to 2028.
The economic aspect is the biggest incentive for installing home rooftop solar panels. Solar energy emerged as one of the most promising and widely accepted renewable energy sources. Residential solar solutions can provide free, uninterrupted electricity for years while simultaneously contributing to a greener environment. Residential solar rooftop systems are also easy to install and require minimal maintenance. The electricity produced in excess can be sold to the grid through a net-metering facility, directly impacting the existing electricity bills. With depleting fossil fuel reserves, accelerated environmental degradation, and pressure on the power generation infrastructure, several governments have taken various steps in the form of subsidies to accelerate the adoption of solar energy by providing residential solar solutions. The rise in residential solar rooftop installations is supporting the North America solar inverters market growth. The market is expected to grow at a good CAGR during the forecast period.
North America Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
North America Solar Inverters Market Segmentation
The North America solar inverters market is segmented into type, system type, end user, and country. Based on type, the market is segmented into central, string, and micro. The central segment would lead the North America solar inverters market in 2022. Based on system type, the market is bifurcated into on-grid and off-grid. The on-grid segment would dominate the North America solar inverters market in 2022. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment would lead the North America solar inverters market in 2022. By country, the North America solar inverters market is segmented into the US, Canada, and Mexico. The US would lead the North America solar inverters market in 2022.
FIMER S.a.p, Delta Electronics, Enertechups, GOODWE, Power Electronics S.L, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in the North America solar inverters market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Solar Inverters market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in North America Solar Inverters market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the solar inverters market as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution"
The North America solar inverters market is expected to reach US$ 3,293.82 million by 2028 from US$ 2,104.70 million in 2022; it is estimated to grow at a CAGR of 7.8% from 2022 to 2028.
The economic aspect is the biggest incentive for installing home rooftop solar panels. Solar energy emerged as one of the most promising and widely accepted renewable energy sources. Residential solar solutions can provide free, uninterrupted electricity for years while simultaneously contributing to a greener environment. Residential solar rooftop systems are also easy to install and require minimal maintenance. The electricity produced in excess can be sold to the grid through a net-metering facility, directly impacting the existing electricity bills. With depleting fossil fuel reserves, accelerated environmental degradation, and pressure on the power generation infrastructure, several governments have taken various steps in the form of subsidies to accelerate the adoption of solar energy by providing residential solar solutions. The rise in residential solar rooftop installations is supporting the North America solar inverters market growth. The market is expected to grow at a good CAGR during the forecast period.
North America Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
North America Solar Inverters Market Segmentation
The North America solar inverters market is segmented into type, system type, end user, and country. Based on type, the market is segmented into central, string, and micro. The central segment would lead the North America solar inverters market in 2022. Based on system type, the market is bifurcated into on-grid and off-grid. The on-grid segment would dominate the North America solar inverters market in 2022. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment would lead the North America solar inverters market in 2022. By country, the North America solar inverters market is segmented into the US, Canada, and Mexico. The US would lead the North America solar inverters market in 2022.
FIMER S.a.p, Delta Electronics, Enertechups, GOODWE, Power Electronics S.L, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in the North America solar inverters market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Solar Inverters market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in North America Solar Inverters market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the solar inverters market as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution"
Table of Contents
113 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. North America Solar Inverters Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. North America Solar Inverters Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Number of Solar Installations attributed to Government-led Incentives and Schemes
- 5.1.2 Growing Residential Solar Rooftop Installations
- 5.2 Market Restraints
- 5.2.1 Safety Risks Associated with High DC Voltages in Solar Inverters
- 5.3 Market Opportunities
- 5.3.1 Increasing Investments in Renewable Energy Sector
- 5.4 Future Trends
- 5.4.1 Technological Innovations in Solar Inverters
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Solar inverters – North America Market Analysis
- 6.1 North America Solar inverters Market Revenue Forecast and Analysis
- 7. North America Solar Inverters Market Analysis – By Type
- 7.1 Overview
- 7.2 Solar Inverters Market Breakdown, By Type, 2021 and 2028
- 7.3 Central
- 7.3.1 Overview
- 7.3.2 Central: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 String
- 7.4.1 Overview
- 7.4.2 String: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 7.5 Micro
- 7.5.1 Overview
- 7.5.2 Micro: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 8. North America Solar Inverters Market Analysis – By System Type
- 8.1 Overview
- 8.2 Solar Inverters Market Breakdown, By System Type, 2021 and 2028
- 8.3 On-Grid
- 8.3.1 Overview
- 8.3.2 On-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 Off-Grid
- 8.4.1 Overview
- 8.4.2 Off-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 9. North America Solar Inverters Market Analysis – By End User
- 9.1 Overview
- 9.2 Solar Inverters Market Breakdown, By End User, 2021 and 2028
- 9.3 Residential
- 9.3.1 Overview
- 9.3.2 Residential: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 Commercial
- 9.4.1 Overview
- 9.4.2 Commercial: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 9.5 Utility
- 9.5.1 Overview
- 9.5.2 Utility: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 10. North America Solar Inverters Market – Country Analysis
- 10.1 North America: Solar Inverters Market
- 10.1.1 Overview
- 10.1.2 North America Solar Inverters Market Breakdown, by Country
- 10.1.3 North America Solar Inverters Market Breakdown, by Country
- 10.1.3.1 US Solar Inverters Market, Revenue and Forecast to 2028
- 10.1.3.1.1 US Solar Inverters Market Breakdown, By Type
- 10.1.3.1.2 US Solar Inverters Market Breakdown, By System Type
- 10.1.3.1.3 US Solar Inverters Market Breakdown, By End User
- 10.1.3.2 Canada Solar Inverters Market, Revenue and Forecast to 2028
- 10.1.3.2.1 Canada Solar Inverters Market Breakdown, By Type
- 10.1.3.2.2 Canada Solar Inverters Market Breakdown, By System Type
- 10.1.3.2.3 Canada Solar Inverters Market Breakdown, By End User
- 10.1.3.3 Mexico Solar Inverters Market, Revenue and Forecast to 2028
- 10.1.3.3.1 Mexico Solar Inverters Market Breakdown, By Type
- 10.1.3.3.2 Mexico Solar Inverters Market Breakdown, By System Type
- 10.1.3.3.3 Mexico Solar Inverters Market Breakdown, By End User
- 11. Industry Landscape
- 11.1 Market Initiative
- 11.2 Merger and Acquisition
- 11.3 New Development
- 12. Company Profiles
- 12.1 FIMER S.p.A.
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Delta Electronics, Inc.
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Enertechups
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 GOODWE
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Power Electronics S.L.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 SMA Solar Technology AG
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 SolarEdge Technologies Inc.
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Hitachi Hi-Rel Power Electronics Pvt Ltd.
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index
- LIST OF TABLES
- Table 1. North America Solar inverters Market Revenue Forecast and Forecast to 2028 (US$ Million)
- Table 2. North America Solar Inverters Market, Revenue and Forecast To 2028 – By Country (US$ million)
- Table 3. US Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 4. US Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 5. US Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 6. Canada Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 7. Canada Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 8. Canada Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 9. Mexico Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 10. Mexico Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 11. Mexico Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 12. List of Abbreviation
- LIST OF FIGURES
- Figure 1. North America Solar Inverters Market Segmentation
- Figure 2. North America Solar Inverters Market Segmentation – By Country
- Figure 3. North America Solar Inverters Market Overview
- Figure 4. North America Solar Inverters Market, by Type
- Figure 5. North America Solar Inverters Market, by System Type
- Figure 6. North America Solar Inverters Market, by End User
- Figure 7. North America Solar Inverters Market, by Country
- Figure 8. North America: PEST Analysis
- Figure 9. North America Solar Inverters Market- Ecosystem Analysis
- Figure 10. North America Expert Opinion
- Figure 11. North America Solar Inverters Market: Impact Analysis of Drivers and Restraints
- Figure 12. North America Solar Inverters Market Revenue Forecast and Analysis (US$ Million)
- Figure 13. North America Solar Inverters Market Revenue Share, By Type (2021 and 2028)
- Figure 14. North America Central: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. North America String: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 16. North America Micro: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. North America Solar Inverters Market Revenue Share, By System Type (2021 and 2028)
- Figure 18. North America On-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. North America Off-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. North America Solar Inverters Market Revenue Share, By End User (2021 and 2028)
- Figure 21. North America Residential: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. North America Commercial: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. North America Utility: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 24. North America Solar Inverters Market Breakdown, by Country, 2021 & 2028 (%)
- Figure 25. North America Solar Inverters Market Breakdown, by Country, 2021 & 2028 (%)
- Figure 26. US Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
- Figure 27. Canada Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
- Figure 28. Mexico Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
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