North America Micro Inverter Market Size & Forecast by 2028

North America Micro Inverter Market Size, Share & Industry Trends Analysis Report By Type (Single phase and Three phase), By Connection (Grid Connected and Stand Alone), By End User, By Country and Growth Forecast, 2022 - 2028

Published Date: May-2022 | Number of Pages: 74 | Format: PDF | Report ID: KBV-18314

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Market Report Description

The North America Micro Inverter Market would witness market growth of 17.1% CAGR during the forecast period (2022-2028).

Micro inverters have the most important advantage in that they are built to find the ideal voltage for each system and provide maximum peak power voltage, or Vpp. Maximum Power Point Tracking (MPPT) is a feature of the micro inverter that enables it to track real-time sun intensity and cell temperature as it changes all through the day. This, of course, leads to improved long-term value for homeowners. If a solar system is shaded, partially shaded, or has dirt or debris on it, it may not be able to produce the maximum amount of power. Because a single micro-inverter is attached to each individual solar module and is therefore independently controlled, micro inverters are a far more efficient solution.

The architecture of micro inverter allows solar PV panels to be connected in parallel, allowing each panel to work independently. As a result, the impacts of soiling or shading (or full failure) on one part of the system have no bearing on the rest of the system. This assures that the maximum power per panel is always achieved, delivering up to 30% more power in comparison to other inverter systems.

The United States of America is, and would remain to be, a comprehensive leader in creating and developing new and enhanced electronic technology, from cell phones and computers to portable communication and music gadgets. These technologies have grown indispensable to the way of life and the expanding economy. Although, as these technologies advance, the concern of safeguarding the environment and human health from the negative effects of improper product handling and disposal grows. To meet this problem, it would need a new electronics stewardship plan – one that's imaginative, adaptable, and pragmatic – that enables Americans to handle their electronics used now more responsibly while also promoting future innovations.

The US market dominated the North America Micro Inverter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,537.1 million by 2028. The Canada market is experiencing a CAGR of 19.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 18.7% during (2022 - 2028).

Based on Type, the market is segmented into Single phase and Three phase. Based on Connection, the market is segmented into Grid Connected and Stand Alone. Based on End User, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Micro Inverter Market is Estimated to reach $7.4 Billion by 2028, at a CAGR of 17.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Delta Electronics, Inc., STMicroelectronics N.V., Texas Instruments, Inc., Sensata Technologies Holdings PLC, Darfon Electronics Corporation, Enphase Energy, Inc., Sparq Systems Inc., Fimer S.p.A., and SolarEdge Technologies, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Type

  • Single phase
  • Three phase

By Connection

  • Grid Connected
  • Stand Alone

By End User

  • Residential
  • Commercial

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Siemens AG
  • Delta Electronics, Inc.
  • STMicroelectronics N.V.
  • Texas Instruments, Inc.
  • Sensata Technologies Holdings PLC
  • Darfon Electronics Corporation
  • Enphase Energy, Inc.
  • Sparq Systems Inc.
  • Fimer S.p.A.
  • SolarEdge Technologies, Inc.

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Related Reports:

Global Micro Inverter Market Report 2022-2028

Europe Micro Inverter Market Report 2022-2028

Asia Pacific Micro Inverter Market Report 2022-2028

LAMEA Micro Inverter Market Report 2022-2028

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