| Product Code: ETC9976756 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the United States saw significant solar PV inverter import shipments from Thailand, Japan, Italy, China, and India. Despite the diverse sources, the market remained competitive with low concentration according to the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 9.73%, indicating a positive trend in the import market. However, there was a slight decline in growth rate from 2023 to 2024 at -25.8%, suggesting potential shifts in market dynamics. Monitoring these trends can provide valuable insights for industry stakeholders.

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) Solar PV Inverter Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Solar PV Inverter Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Solar PV Inverter Market - Industry Life Cycle |
3.4 United States (US) Solar PV Inverter Market - Porter's Five Forces |
3.5 United States (US) Solar PV Inverter Market Revenues & Volume Share, By Inverter Type, 2021 & 2031F |
3.6 United States (US) Solar PV Inverter Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United States (US) Solar PV Inverter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources and sustainability initiatives in the US |
4.2.2 Federal and state incentives and policies supporting solar energy adoption |
4.2.3 Growing investments in solar PV projects in the US |
4.3 Market Restraints |
4.3.1 Intense competition among solar PV inverter manufacturers leading to price pressure |
4.3.2 Challenges related to grid integration and infrastructure for solar PV systems |
4.3.3 Fluctuating government policies and regulations impacting the solar energy market |
5 United States (US) Solar PV Inverter Market Trends |
6 United States (US) Solar PV Inverter Market, By Types |
6.1 United States (US) Solar PV Inverter Market, By Inverter Type |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Solar PV Inverter Market Revenues & Volume, By Inverter Type, 2021- 2031F |
6.1.3 United States (US) Solar PV Inverter Market Revenues & Volume, By Central Inverters, 2021- 2031F |
6.1.4 United States (US) Solar PV Inverter Market Revenues & Volume, By String Inverters, 2021- 2031F |
6.1.5 United States (US) Solar PV Inverter Market Revenues & Volume, By Micro Inverters, 2021- 2031F |
6.2 United States (US) Solar PV Inverter Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Solar PV Inverter Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 United States (US) Solar PV Inverter Market Revenues & Volume, By Commercial and Industrial (C&I), 2021- 2031F |
6.2.4 United States (US) Solar PV Inverter Market Revenues & Volume, By Utility-scale, 2021- 2031F |
7 United States (US) Solar PV Inverter Market Import-Export Trade Statistics |
7.1 United States (US) Solar PV Inverter Market Export to Major Countries |
7.2 United States (US) Solar PV Inverter Market Imports from Major Countries |
8 United States (US) Solar PV Inverter Market Key Performance Indicators |
8.1 Average system efficiency of solar PV inverters |
8.2 Number of new solar PV installations in the US |
8.3 Investment in research and development for solar PV inverter technology |
8.4 Percentage of electricity generation from solar energy in the US |
8.5 Level of consumer awareness and adoption of solar PV systems |
9 United States (US) Solar PV Inverter Market - Opportunity Assessment |
9.1 United States (US) Solar PV Inverter Market Opportunity Assessment, By Inverter Type, 2021 & 2031F |
9.2 United States (US) Solar PV Inverter Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United States (US) Solar PV Inverter Market - Competitive Landscape |
10.1 United States (US) Solar PV Inverter Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Solar PV Inverter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |