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
By Connection
- Grid Connected
- Stand Alone
By End User
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Micro Inverter Market, by Type
1.4.2 North America Micro Inverter Market, by Connection
1.4.3 North America Micro Inverter Market, by End User
1.4.4 North America Micro Inverter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Product Launches and Product Expansions
3.2.2 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2021, Dec) Leading Players
Chapter 4. North America Micro Inverter Market by Type
4.1 North America Single phase Market by Country
4.2 North America Three phase Market by Country
Chapter 5. North America Micro Inverter Market by Connection
5.1 North America Grid Connected Market by Country
5.2 North America Stand Alone Market by Country
Chapter 6. North America Micro Inverter Market by End User
6.1 North America Residential Market by Country
6.2 North America Commercial Market by Country
Chapter 7. North America Micro Inverter Market by Country
7.1 US Micro Inverter Market
7.1.1 US Micro Inverter Market by Type
7.1.2 US Micro Inverter Market by Connection
7.1.3 US Micro Inverter Market by End User
7.2 Canada Micro Inverter Market
7.2.1 Canada Micro Inverter Market by Type
7.2.2 Canada Micro Inverter Market by Connection
7.2.3 Canada Micro Inverter Market by End User
7.3 Mexico Micro Inverter Market
7.3.1 Mexico Micro Inverter Market by Type
7.3.2 Mexico Micro Inverter Market by Connection
7.3.3 Mexico Micro Inverter Market by End User
7.4 Rest of North America Micro Inverter Market
7.4.1 Rest of North America Micro Inverter Market by Type
7.4.2 Rest of North America Micro Inverter Market by Connection
7.4.3 Rest of North America Micro Inverter Market by End User
Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.2 Delta Electronics, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.3 STMicroelectronics N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Texas Instruments, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Sensata Technologies Holdings PLC
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Darfon Electronics Corporation
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.7 Enphase Energy, Inc.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 Sparq Systems Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Fimer S.p.A.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.9.2.2 Acquisition and Mergers:
8.10. SolarEdge Technologies, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Micro Inverter Market, 2018 - 2021, USD Million
TABLE 2 North America Micro Inverter Market, 2022 - 2028, USD Million
TABLE 3 Product Launches And Product Expansions– Micro Inverter Market
TABLE 4 Acquisition and Mergers– Micro Inverter Market
TABLE 5 North America Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 6 North America Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 7 North America Single phase Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Single phase Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Three phase Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Three phase Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 12 North America Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 13 North America Grid Connected Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Grid Connected Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Stand Alone Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Stand Alone Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 18 North America Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 19 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Micro Inverter Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Micro Inverter Market by Country, 2022 - 2028, USD Million
TABLE 25 US Micro Inverter Market, 2018 - 2021, USD Million
TABLE 26 US Micro Inverter Market, 2022 - 2028, USD Million
TABLE 27 US Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 28 US Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 29 US Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 30 US Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 31 US Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 32 US Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 33 Canada Micro Inverter Market, 2018 - 2021, USD Million
TABLE 34 Canada Micro Inverter Market, 2022 - 2028, USD Million
TABLE 35 Canada Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 36 Canada Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 37 Canada Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 38 Canada Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 39 Canada Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 40 Canada Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 41 Mexico Micro Inverter Market, 2018 - 2021, USD Million
TABLE 42 Mexico Micro Inverter Market, 2022 - 2028, USD Million
TABLE 43 Mexico Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 44 Mexico Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 45 Mexico Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 46 Mexico Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 47 Mexico Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 48 Mexico Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 49 Rest of North America Micro Inverter Market, 2018 - 2021, USD Million
TABLE 50 Rest of North America Micro Inverter Market, 2022 - 2028, USD Million
TABLE 51 Rest of North America Micro Inverter Market by Type, 2018 - 2021, USD Million
TABLE 52 Rest of North America Micro Inverter Market by Type, 2022 - 2028, USD Million
TABLE 53 Rest of North America Micro Inverter Market by Connection, 2018 - 2021, USD Million
TABLE 54 Rest of North America Micro Inverter Market by Connection, 2022 - 2028, USD Million
TABLE 55 Rest of North America Micro Inverter Market by End User, 2018 - 2021, USD Million
TABLE 56 Rest of North America Micro Inverter Market by End User, 2022 - 2028, USD Million
TABLE 57 Key Information – Siemens AG
TABLE 58 Key Information – Delta Electronics, Inc.
TABLE 59 Key Information – STMicroelectronics N.V.
TABLE 60 Key Information – Texas Instruments, Inc.
TABLE 61 Key Information – Sensata Technologies Holdings PLC
TABLE 62 Key Information – Darfon Electronics Corporation
TABLE 63 Key information – Enphase Energy, Inc.
TABLE 64 Key Information – Sparq Systems Inc.
TABLE 65 key information – Fimer S.p.A.
TABLE 66 Key information – SolarEdge Technologies, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2021, dec) Leading Players
FIG 5 Swot analysis: stmicroelectronics n.v.
FIG 6 SWOT Analysis: Texas Instruments, Inc.
FIG 7 Recent strategies and developments: Fimer S.p.A.