United States (US) Power Electronics for Renewable Energy Market (2025-2031) | Outlook, Competitive Landscape, Size & Revenue, Companies, Share, Value, Industry, Growth, Trends, Forecast, Analysis, Segmentation
Market Forecast By Application (Power Generation, Power Transmission, Power Distribution, Power Control), By Power Range (Up to 1 MW, 1 MW to 3 MW, 3 MW to 5 MW, Above 5 MW), By End-use (Solar PV, Wind, Hydro, Fuel Cell, Others), By Device Type (Power Discrete, Power Module, Power IC), By Component (Converters, Inverter, Transformers, Voltage Control Devices, Others) And Competitive Landscape
| Product Code: ETC9974286 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
United States (US) Power Electronics for Renewable Energy Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, the United States continued to rely on key exporting countries such as China, Mexico, Philippines, Thailand, and Vietnam for power electronics in renewable energy. The market showed moderate growth with a CAGR of 6.66% from 2020 to 2024. However, a slight decline was observed in the growth rate from 2023 to 2024 at -12.07%. Despite this, the Herfindahl-Hirschman Index (HHI) indicated low concentration, reflecting a diverse and competitive market landscape in the US for power electronics imports in the renewable energy sector.
Key Highlights of the Report:
- United States (US) Power Electronics for Renewable Energy Market Outlook
- Market Size of United States (US) Power Electronics for Renewable Energy Market, 2024
- Forecast of United States (US) Power Electronics for Renewable Energy Market, 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Revenues & Volume for the Period 2021- 2031
- United States (US) Power Electronics for Renewable Energy Market Trend Evolution
- United States (US) Power Electronics for Renewable Energy Market Drivers and Challenges
- United States (US) Power Electronics for Renewable Energy Price Trends
- United States (US) Power Electronics for Renewable Energy Porter's Five Forces
- United States (US) Power Electronics for Renewable Energy Industry Life Cycle
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Application for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Power Generation for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Power Transmission for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Power Distribution for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Power Control for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Power Range for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Up to 1 MW for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By 1 MW to 3 MW for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By 3 MW to 5 MW for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Above 5 MW for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By End-use for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Solar PV for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Wind for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Hydro for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Fuel Cell for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Others for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Device Type for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Power Discrete for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Power Module for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Power IC for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Component for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Converters for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Inverter for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Transformers for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Voltage Control Devices for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Power Electronics for Renewable Energy Market Revenues & Volume By Others for the Period 2021- 2031
- United States (US) Power Electronics for Renewable Energy Import Export Trade Statistics
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Power Range
- Market Opportunity Assessment By End-use
- Market Opportunity Assessment By Device Type
- Market Opportunity Assessment By Component
- United States (US) Power Electronics for Renewable Energy Top Companies Market Share
- United States (US) Power Electronics for Renewable Energy Competitive Benchmarking By Technical and Operational Parameters
- United States (US) Power Electronics for Renewable Energy Company Profiles
- United States (US) Power Electronics for Renewable Energy Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United States (US) Power Electronics for Renewable Energy Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Power Electronics for Renewable Energy Market - Industry Life Cycle |
3.4 United States (US) Power Electronics for Renewable Energy Market - Porter's Five Forces |
3.5 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume Share, By Power Range, 2021 & 2031F |
3.7 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.8 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.9 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 United States (US) Power Electronics for Renewable Energy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives and incentives promoting renewable energy adoption |
4.2.2 Increasing focus on reducing carbon footprint and achieving sustainability goals |
4.2.3 Technological advancements in power electronics for renewable energy applications |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with power electronics for renewable energy |
4.3.2 Integration challenges with existing power infrastructure |
4.3.3 Dependence on intermittent renewable energy sources like solar and wind |
5 United States (US) Power Electronics for Renewable Energy Market Trends |
6 United States (US) Power Electronics for Renewable Energy Market, By Types |
6.1 United States (US) Power Electronics for Renewable Energy Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.1.4 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Power Transmission, 2021- 2031F |
6.1.5 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Power Distribution, 2021- 2031F |
6.1.6 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Power Control, 2021- 2031F |
6.2 United States (US) Power Electronics for Renewable Energy Market, By Power Range |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Up to 1 MW, 2021- 2031F |
6.2.3 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By 1 MW to 3 MW, 2021- 2031F |
6.2.4 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By 3 MW to 5 MW, 2021- 2031F |
6.2.5 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Above 5 MW, 2021- 2031F |
6.3 United States (US) Power Electronics for Renewable Energy Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Solar PV, 2021- 2031F |
6.3.3 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Wind, 2021- 2031F |
6.3.4 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Hydro, 2021- 2031F |
6.3.5 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Fuel Cell, 2021- 2031F |
6.3.6 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Others, 2021- 2031F |
6.4 United States (US) Power Electronics for Renewable Energy Market, By Device Type |
6.4.1 Overview and Analysis |
6.4.2 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Power Discrete, 2021- 2031F |
6.4.3 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Power Module, 2021- 2031F |
6.4.4 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Power IC, 2021- 2031F |
6.5 United States (US) Power Electronics for Renewable Energy Market, By Component |
6.5.1 Overview and Analysis |
6.5.2 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Converters, 2021- 2031F |
6.5.3 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Inverter, 2021- 2031F |
6.5.4 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Transformers, 2021- 2031F |
6.5.5 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Voltage Control Devices, 2021- 2031F |
6.5.6 United States (US) Power Electronics for Renewable Energy Market Revenues & Volume, By Others, 2021- 2031F |
7 United States (US) Power Electronics for Renewable Energy Market Import-Export Trade Statistics |
7.1 United States (US) Power Electronics for Renewable Energy Market Export to Major Countries |
7.2 United States (US) Power Electronics for Renewable Energy Market Imports from Major Countries |
8 United States (US) Power Electronics for Renewable Energy Market Key Performance Indicators |
8.1 Capacity utilization rate of power electronics for renewable energy systems |
8.2 Efficiency improvement rate of power conversion and control technologies |
8.3 Adoption rate of smart grid solutions in conjunction with power electronics for renewable energy integration |
9 United States (US) Power Electronics for Renewable Energy Market - Opportunity Assessment |
9.1 United States (US) Power Electronics for Renewable Energy Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 United States (US) Power Electronics for Renewable Energy Market Opportunity Assessment, By Power Range, 2021 & 2031F |
9.3 United States (US) Power Electronics for Renewable Energy Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.4 United States (US) Power Electronics for Renewable Energy Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.5 United States (US) Power Electronics for Renewable Energy Market Opportunity Assessment, By Component, 2021 & 2031F |
10 United States (US) Power Electronics for Renewable Energy Market - Competitive Landscape |
10.1 United States (US) Power Electronics for Renewable Energy Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Power Electronics for Renewable Energy Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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