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.

1. FIMER S.a.p.
2. Delta Electronics.
3. Enertechups.
4. GOODWE.
5. Power Electronics S.L.
6. SMA Solar Technology AG.
7. SolarEdge Technologies.
8. Hitachi Hi-Rel Power Electronic Pvt.Ltd.

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