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North America On Grid PV Inverter Market Trends

Report ID: GMI9750
Published Date: Jun 2024
Report Format: PDF

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North America On Grid PV Inverter Market Trends

Rising investments in modernization of grid infrastructure and the development of smart grids with smart functionalities contribute to grid stability, efficiency, and reliability will propel the market growth. Additionally, increasing emphasis on energy security is stimulating product demand due to their ability to generate electricity locally, thereby enhancing the energy security and reducing dependence on external sources.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

North America on grid PV inverter market size was valued at USD 4.9 billion in 2023 and is anticipated to grow at 8% CAGR through 2032, owing to the rising technological advancements.

The string segment in the North America on grid PV inverter market is anticipated to exceed USD 4.7 billion by 2032 on account of its cost effectiveness in residential and medium sized commercial solar installations.

U.S. on grid PV inverter market is anticipated to surpass USD 10 billion by 2032, attributed to supportive government policies and financial incentives.

Canadian Solar, Darfon Electronics Corp, Delta Electronics, Inc., Enphase Energy, Inc, Eaton, Fimer Group, GoodWe, Servotech Power Systems, Sungrow Power Supply Co., Ltd., SMA Solar Technology AG, Statcon Energia, Solis Inverters, Schneider Electric, and SolarEdge Technologies.