United States Solar Microinverter Market, By Connectivity (Standalone, On-Grid), By Component (Hardware, Software), By Communication Channel (Wired, Wireless), By Type (Single Phase, Three Phase), By End-User (Residential, Commercial, Others)Trend Analysi

United States Solar Microinverter Market, By Connectivity (Standalone, On-Grid), By Component (Hardware, Software), By Communication Channel (Wired, Wireless), By Type (Single Phase, Three Phase), By End-User (Residential, Commercial, Others)Trend Analysis, Competitive Market Share & Forecast, 2018-2028

United States Solar Microinverter Market Gaining Impetus: Forecast to Grow at a CAGR of 20.1% during 2022-2028

United States solar microinverter market is growing at a high CAGR because of the increasing adoption of solar systems for generating power, especially in residential spaces. Additionally, favorable government initiatives to boost the adoption of greener power sources in commercial facilities are also driving the market’s growth.

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the United States solar microinverter market is estimated to grow at a CAGR of 20.1% during the forecast period of 2022-2028. The US market for solar microinverters is gaining significant traction due to the increasing adoption of solar power systems especially in residential spaces, and various government initiatives to boost the usage of greener power sources in commercial buildings. Due to the growing demand for microinverters in the market, OEMs are also expanding their R&D activities for launching new products and establishing their market presence, which is anticipated to drive market growth over the forecast period. However, high installation chargers and maintenance costs of solar microinverters may act as a huge restraining factor for the United State solar microinverter market.

Benefits of Solar Microinverter Over Other Inverter Types Boosting the Market Growth

Solar microinverters may have a high upfront cost but the advantages they offer over other inverter types make them far more economical than their counterparts in the long run. Solar microinverters yield a higher power output, while standalone inverters save energy for later use, which eventually decreases the energy bill. Moreover, microinverters adhere to rapid shutdown standards. Furthermore, solar microinverters also have a longer lifespan and typically offer 25-year warranties. Moreover, with rapid technological advancements, the warranty is also expanding at a high rate.

Rising Demand in Residential Spaces Driving the United States Solar Microinverter Market

Based on end-users, the United States solar microinverter market is segmented into residential, commercial, and others. The residential segment accounts for the largest market share due to the increasing consciousness and investment towards the adoption of greener power sources at homes. Moreover, favorable government initiatives, such as subsidies on the installation of solar microinverter in residential spaces, are also boosting the growth of the solar microinverter market in the United States. However, the commercial segment is also projected to witness substantial growth during the forecast period.

United States Solar Microinverter Market - By Type

Based on types, the United States solar microinverter market is segmented into single phase and three phases. The single-phase microinverter segment holds the largest share in the United States solar microinverter market as they are prominently used for converting DC power into AC power from solar panels in solar systems. These types of microinverters are generally used in residential spaces and save a lot on electricity bills compared to its counterparts, which is fueling its market growth.

Impact of COVID-19 on United States Solar Microinverter Market

The United States solar microinverter was tremendously halted by the sudden outbreak of the COVID-19 pandemic in the country. In the light of increasing COVID-19 pandemic cases in the US, the government had to impose strict lockdown to curb the virus spread. This restricted the manufacturing and supply operations of the solar microinverter market, due to which the manufacturers had to witness huge losses during the period. However, the market is anticipated to recover during the forecast period due to the increasing awareness towards greener power sources but the pace is expected to be slow.

United States Solar Microinverter Market - Competitive Landscape

The leading players in the United States solar microinverter market are Enphase Energy, SolarBridge Technologies/SunPower, Advanced Energy Industries, CyboEnergy, Chilicon Power, Apparent, Blue Frog Solar, eIQ Energy, HiQ Solar, and other prominent players.

The United States solar microinverter market is highly fragmented due to the presence of numerous industry players, which makes the market competitive and dense for new entrants. The market players frequently launch new products with advanced technologies to increase their product penetration. They also significantly invest in research and development activities to bring innovations into their products to gain a competitive edge. Furthermore, the adoption of competitive strategies, such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary and Secondary Sources
2.2. Quantitative Research
2.2.1. Primary and Secondary Sources
2.3. Breakdown of Primary Research Respondents
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Key Questionnaire asked during Primary Interviews
2.6. Key Primary Responses
2.7. Market Size Estimation
2.8. Assumption for the Study
2.9. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Tractor Market – Industry Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunity
4.1.4. Challenges
4.2. Recent Developments / Technical Landscape
4.3. Porter’s Five Forces Analysis
4.4. Value Chain Analysis
4.5. Strategic Outlook
4.6. Regulatory Framework
4.7. Key Strategic Developments
5. Global Tractor Market Overview, 2018-2030
5.1. Market Size & Forecast
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Horsepower
5.2.1.1. Below 40 HP
5.2.1.2. 40 HP - 100 HP
5.2.1.3. More than 100 HP
5.2.2. By Wheel Drive
5.2.2.1. 2 WD
5.2.2.2. 4 WD
5.2.3. By Mechanism
5.2.3.1. Electric Tractors
5.2.3.2. Hydraulic Tractors
5.2.3.3. Hybrid Tractors
5.2.4. By Application
5.2.4.1. Agriculture
5.2.4.2. Construction
5.2.4.3. Mining
5.2.4.4. Forestry
5.2.4.5. Others
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia-Pacific
5.2.5.4. Latin America
5.2.5.5. Middle East & Africa
6. North America Tractor Market, 2018-2030
6.1. Market Size & Forecast
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. Horsepower
6.2.2. Wheel Drive
6.2.3. Mechanism
6.2.4. Application
6.2.5. Country
6.2.5.1. U.S.
6.2.5.2. Canada
7. Europe Tractor Market, 2018-2030
7.1. Market Size & Forecast
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. Horsepower
7.2.2. Wheel Drive
7.2.3. Mechanism
7.2.4. Application
7.2.5. Country
7.2.5.1. Germany
7.2.5.2. France
7.2.5.3. UK
7.2.5.4. Spain
7.2.5.5. Netherlands
7.2.5.6. Italy
7.2.5.7. Rest of Europe
8. Asia-Pacific Tractor Market, 2018-2030
8.1. Market Size & Forecast
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. Horsepower
8.2.2. Wheel Drive
8.2.3. Mechanism
8.2.4. Application
8.2.5. Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. South Korea
8.2.5.5. Rest of Asia-Pacific
9. Latin America Tractor Market, 2018-2030
9.1. Market Size & Forecast
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. Horsepower
9.2.2. Wheel Drive
9.2.3. Mechanism
9.2.4. Application
9.2.5. Country
9.2.5.1. Argentina
9.2.5.2. Brazil
9.2.5.3. Mexico
9.2.5.4. Rest of Latin America
10. Middle East & Africa Tractor Market, 2018-2030
10.1. Market Size & Forecast
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. Horsepower
10.2.2. Wheel Drive
10.2.3. Mechanism
10.2.4. Application
10.2.5. Country
10.2.5.1. Saudi Arabia
10.2.5.2. South Africa
10.2.5.3. UAE
10.2.5.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1.1. List of Key Producers and Their Offerings
11.1.2. Market Share / Ranking Analysis (2021)
11.1.3. Competitive Benchmarking, By Operating Parameters
12. COVID-19 Impact
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
13.1. Deere & Company
13.2. Kubota Corp.
13.3. AGCO Corporation
13.4. Mahindra & Mahindra
13.5. Escorts Limited
13.6. CNH Industrial N.V.
13.7. Tractors and Farm Equipment Ltd.
13.8. Sonalika International Tractors Limited
13.9. HMT Limited
13.10. Force Motors Limited
13.11. Massey Ferguson Limited
13.12. Fendt
13.13. SDF
13.14. CLAAS KGaA mbH
13.15. ZETOR TRACTORS a.s.
13.16. Changzhou Dongfeng Agricultural Machinery Group Co. Ltd.
13.17. Yanmar Co. Ltd. (Yanmar Holdings Co., Ltd.)
13.18. Arbos Group
13.19. Daedong Corporation
13.20. Other Prominent Players
14. Key Strategic Recommendations
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
List of Figures
Fig 1 Global Tractor Segmentation
Fig 2 Global Tractor Market Value Chain Analysis
Fig 3 Global Tractor Market Size, By Value (USD Billion), 2018-2028
Fig 4 Global Tractor Market Share, By Horse Power, By Value, 2018-2028
Fig 5 Global Tractor Market Share, By Wheel Drive, By Value, 2018-2028
Fig 6 Global Tractor Market Share, By Mechanism, By Value, 2018-2028
Fig 7 Global Tractor Market Share, By Application, By Value, 2018-2028
Fig 8 North America Tractor Market Size, By Value (USD Billion), 2018-2028
Fig 9 North America Tractor Market Share, By Horse Power, By Value, 2018-2028
Fig 10 North America Tractor Market Share, By Wheel Drive, By Value, 2018-2028
Fig 11 North America Tractor Market Share, By Mechanism, By Value, 2018-2028
Fig 12 North America Tractor Market Share, By Application, By Value, 2018-2028
Fig 13 Europe Tractor Market Size, By Value (USD Billion), 2018-2028
Fig 14 Europe Tractor Market Share, By Horse Power, By Value, 2018-2028
Fig 15 Europe Tractor Market Share, By Wheel Drive, By Value, 2018-2028
Fig 16 Europe Tractor Market Share, By Mechanism, By Value, 2018-2028
Fig 17 Europe Tractor Market Share, By Application, By Value, 2018-2028
Fig 18 Asia-Pacific Tractor Market Size, By Value (USD Billion), 2018-2028
Fig 19 Asia-Pacific Tractor Market Share, By Horse Power, By Value, 2018-2028
Fig 20 Asia-Pacific Tractor Market Share, By Wheel Drive, By Value, 2018-2028
Fig 21 Asia-Pacific Tractor Market Share, By Mechanism, By Value, 2018-2028
Fig 22 Asia-Pacific Tractor Market Share, By Application, By Value, 2018-2028
Fig 23 Latin America Tractor Market Size, By Value (USD Billion), 2018-2028
Fig 24 Latin America Tractor Market Share, By Horse Power, By Value, 2018-2028
Fig 25 Latin America Tractor Market Share, By Wheel Drive, By Value, 2018-2028
Fig 26 Latin America Tractor Market Share, By Mechanism, By Value, 2018-2028
Fig 27 Latin America Tractor Market Share, By Application, By Value, 2018-2028
Fig 28 Middle East & Africa Tractor Market Size, By Value (USD Billion), 2018-2028
Fig 29 Middle East & Africa Tractor Market Share, By Horse Power, By Value, 2018-2028
Fig 30 Middle East & Africa Tractor Market Share, By Wheel Drive, By Value, 2018-2028
Fig 31 Middle East & Africa Tractor Market Share, By Mechanism, By Value, 2018-2028
Fig 32 Middle East & Africa Tractor Market Share, By Application, By Value, 2018-2028
Fig 33 Company Share Analysis, 2021
List of Tables
Table 1 Global Tractor Size, By Horse Power, By Value, 2018-2028
Table 2 Global Tractor Market Size, By Wheel Drive, By Value, 2018-2028
Table 3 Global Tractor Market Size, By Mechanism, By Value, 2018-2028
Table 4 Global Tractor Market Size, By Application, By Value, 2018-2028
Table 7 North America Tractor Size, By Horse Power, By Value, 2018-2028
Table 8 North America Tractor Market Size, By Wheel Drive, By Value, 2018-2028
Table 9 North America Tractor Market Size, By Mechanism, By Value, 2018-2028
Table 10 North America Tractor Market Size, By Application, By Value, 2018-2028
Table 11 Europe Tractor Size, By Horse Power, By Value, 2018-2028
Table 12 Europe Tractor Market Size, By Wheel Drive, By Value, 2018-2028
Table 13 Europe Tractor Market Size, By Mechanism, By Value, 2018-2028
Table 14 Europe Tractor Market Size, By Application, By Value, 2018-2028
Table 15 Asia-Pacific Tractor Size, By Horse Power, By Value, 2018-2028
Table 16 Asia-Pacific Tractor Market Size, By Wheel Drive, By Value, 2018-2028
Table 17 Asia-Pacific Tractor Market Size, By Mechanism, By Value, 2018-2028
Table 18 Asia-Pacific Tractor Market Size, By Application, By Value, 2018-2028
Table 19 Latin America Tractor Size, By Horse Power, By Value, 2018-2028
Table 20 Latin America Tractor Market Size, By Wheel Drive, By Value, 2018-2028
Table 21 Latin America Tractor Market Size, By Mechanism, By Value, 2018-2028
Table 22 Latin America Tractor Market Size, By Application, By Value, 2018-2028
Table 23 Middle East & Africa Tractor Size, By Horse Power, By Value, 2018-2028
Table 24 Middle East & Africa Tractor Market Size, By Wheel Drive, By Value, 2018-2028
Table 25 Middle East & Africa Tractor Market Size, By Mechanism, By Value, 2018-2028
Table 26 Middle East & Africa Tractor Market Size, By Application, By Value, 2018-2028
Table 27 Deere & Company Business Overview
Table 28 Deere & Company Financial Analysis
Table 29 Kubota Corp., Business Overview
Table 30 Kubota Corp., Financial Analysis
Table 31 AGCO Corporation Business Overview
Table 32 AGCO Corporation Financial Analysis
Table 33 Mahindra & Mahindra Business Overview
Table 34 Mahindra & Mahindra Financial Analysis
Table 35 Escorts Limited Business Overview
Table 36 Escorts Limited Financial Analysis
Table 37 CNH Industrial N.V., Business Overview
Table 38 CNH Industrial N.V., Financial Analysis
Table 39 Tractors and Farm Equipment Ltd., Business Overview
Table 40 Tractors and Farm Equipment Ltd., Financial Analysis
Table 41 Sonalika International Tractors Limited Business Overview
Table 42 Sonalika International Tractors Limited Financial Analysis
Table 43 HMT Limited Business Overview
Table 44 HMT Limited Financial Analysis
Table 45 Force Motors Limited Business Overview
Table 46 Force Motors Limited Financial Analysis
Table 47 Massey Ferguson Limited Business Overview
Table 48 Massey Ferguson Limited Financial Analysis
Table 49 Fendt Business Overview
Table 50 Fendt Financial Analysis
Table 51 SDF Business Overview
Table 52 SDF Financial Analysis
Table 53 CLAAS KGaA mbH Business Overview
Table 54 CLAAS KGaA mbH Financial Analysis
Table 55 ZETOR TRACTORS a.s., Business Overview
Table 56 ZETOR TRACTORS a.s., Financial Analysis
Table 57 Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., Business Overview
Table 58 Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., Financial Analysis
Table 59 Yanmar Co. Ltd. (Yanmar Holdings Co., Ltd.) Business Overview
Table 60 Yanmar Co. Ltd. (Yanmar Holdings Co., Ltd.) Financial Analysis
Table 61 Arbos Group Business Overview
Table 62 Arbos Group Financial Analysis
Table 63 Daedong Corporation Business Overview
Table 64 Daedong Corporation Financial Analysis

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