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.
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.
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 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.
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.
Table of Contents
1. Introduction
3. Research Methodology
4. North America Solar Inverters Market Landscape
5. North America Solar Inverters Market - Key Market Dynamics
6. Solar inverters - North America Market Analysis
7. North America Solar Inverters Market Analysis - By Type
8. North America Solar Inverters Market Analysis - By System Type
9. North America Solar Inverters Market Analysis - By End User
10. North America Solar Inverters Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- FIMER S.a.p.
- Delta Electronics.
- Enertechups.
- GOODWE.
- Power Electronics S.L.
- SMA Solar Technology AG.
- SolarEdge Technologies.
- Hitachi Hi-Rel Power Electronic Pvt.Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 113 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2104.7 Million |
| Forecasted Market Value ( USD | $ 3293.82 Million |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | North America |
| No. of Companies Mentioned | 8 |
