The U.S. PV Inverter Market value will witness significant growth on account of favorable regulatory inclination toward sustainable energy coupled with adoption of advanced technologies to minimize GHG emissions. Restructuring of existing electrical infrastructure along with large scale deployment of renewable generation sources will further enhance the industry landscape. Moreover, integration of hybrid energy infrastructure combined with rising power demand is set to enhance the business scenario.
Three phase PV inverter market share will observe substantial growth on account of versatile product specifications along with ability of these units to operate across low and high-power industrial sectors. Increasing number of solar farms as well as rising demand for photovoltaic systems across the region will fuel the product adoption. Furthermore, applicability of these inverter units across on-grid and off-grid facilities to provide monitoring and control solution will propel the product deployment.
33,000 W – 110,000 W photovoltaic inverter market is set to grow on account of increasing industrial and utility based solar PV inverter deployments coupled with increasing consumer focus toward sustainable energy. Ongoing investment toward renewable electricity grid integration followed by increasing energy demand across isolated areas will enhance the product demand. Furthermore, paradigm shift toward rapid technological adoption across the region will positively sway the business landscape.
Central based PV inverter market will witness growth on account of growing deployment of these units across industrial, major commercial plants and solar energy companies for continuous generation of electricity. Furthermore, these units deliver centralized power control system that are optimized per watt cost, easy to use and a long product life cycle which will enhance the product demand. Rising government efforts to achieve domestic solar integration goals will complement the industry landscape.
On-grid photovoltaic inverter market will observe substantial growth on account of to their ability to withstand surging power demand across industrial and utility sector. For instance, in 2020 Kstar launched its on-grid string inverter units for solar rooftops offering low-temperature resistance, reactive power control, Wi-Fi plugs and GPRS. Ongoing technological advancements to enhance the product efficiency along with rising investments toward R&D sector by leading manufacturers to introduce smart storage units will further fuel the product portfolio.
Ongoing COVID - 19 impact will have limited affect on solar PV investment owing to rising renewable integration across country. However, continuous government initiatives to restart the operations of solar farms projects will positively stimulate the industry landscape.
Ongoing mergers and acquisitions followed by increasing strategic alliances and M&A will enhance the industry dynamics. Eminent players operating across the U.S. PV inverter market are Siemens, General Electric, Enphase Energy, Panasonic, Huawei, Emerson Electric, Schneider Electric, SMA Solar Technology and Delta Group, and amongst others.