US Grid-Forming Inverters for Microgrids Market Research Report by Type, by Voltage, by Power Rating, by Application, by Technology, and by End User Forecast till 2032

Description

List of Tables

The U.S. grid-forming inverters for microgrids market is expected to attain USD 2,647.3 million, expanding at a steady CAGR of 7.1% during the forecast period. In microgrids, grid-forming inverters generate the necessary voltage and frequency reference to guarantee smooth and steady operation. They facilitate the occasion of normal and island mode operations, thus enabling the penetration of renewable energy sources and improving the resilience of the grid.

The adoption of microgrids all over the US and the uptrend in their deployment, which is mainly attributable to increased energy resilience needs and the integration of renewables, are profoundly influencing the demand for grid-forming inverters positively. These inverters, which are vital components of microgrid systems, are being funded and promoted by federal programs like C-MAP and various state initiatives. They assure the stabilization of voltage levels, the possibility of islanding, and overall system operability within the area of critical infrastructures, as well as the ecosystems powered solely by renewables.

Major Company Development

ABB continues to strengthen its leadership in clean power and electrification technologies. Its 2024 plan to acquire the power electronics division of Gamesa Electric comes as direct evidence of ABB's dedication to the renewable energy conversion arena. Along with that, the company has already brought onto the market a revolutionary motor plus inverter solution for electric buses that cuts harmonic losses by an impressive 75% and also that the PowerExchanger feature was created to provide users with increased grid flexibility and energy efficiency is a fact that cannot be overlooked.

Key Report Attributes

Market Size 2023: USD 1,366.5 Million
Market Size 2032: USD 2,647.3 Million
CAGR (2024-2032): 7.1%
Base Year: 2023
Market Forecast Period: 2024-2032

Industry Segmentations Growth

By Type: Micro Inverter, String Inverter, Central Inverter.
By Voltage: 100-300 V, 300-500 V, Above 500 V.
By Power Rating: Below 50 KW, 50-100 KW, Above 100 KW.
By Application: Remote & Off-Grid Microgrids, Grid-Connected Microgrids, Community & Resilience Microgrids, Hybrid Microgrids, Others.
By Technology: AC to DC Converters, DC to AC Converters, Others.
By End User: Utilities, Residential and Commercial, Military & Defense, Others.

Product Code: MRFR/E&P/63819-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 TRADE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 RISING DEPLOYMENT OF MICROGRIDS
- 4.2.2 NEED FOR GRID RESILIENCE & STABILITY
- 4.2.3 CORPORATE AND MILITARY INVESTMENTS IN MICROGRIDS
4.3 RESTRAINT
- 4.3.1 HIGH INITIAL COSTS & CAPITAL EXPENDITURE
- 4.3.2 TECHNICAL COMPLEXITY & SYSTEM INTEGRATION CHALLENGES
4.4 OPPORTUNITY
- 4.4.1 EMERGING ROLE OF DC MICROGRIDS & BIDIRECTIONAL DC/DC CONVERTERS
- 4.4.2 GROWTH IN SMART GRIDS & DIGITALIZATION
- 4.4.3 DEVELOPMENT OF BIDIRECTIONAL AND VEHICLE-TO-GRID (V2G) INVERTERS
4.5 IMPACT ANALYSIS OF COVID-19
4.6 IMPACT ANALYSIS OF RUSSIA UKRAINE WAR
4.7 IMPACT OF TRUMP 2.0 ON THE MARKET
- 4.7.1 US ADMINISTRATION IMPACT ANALYSIS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 PARTICIPANTS
  - 5.1.1.1 SUBASSEMBLIES SUPPLIERS
    - 5.1.1.1.1 LIST OF SUBASSEMBLIES SUPPLIERS (COMPANY NAME, TYPE OF PRODUCT, HEADQUARTERS, AND CONTACT DETAILS)
    - 5.1.1.1.2 SUBASSEMBLIES TRENDS
  - 5.1.1.2 COMPONENT SYSTEM MANUFACTURERS/ASSEMBLERS
    - 5.1.1.2.1 LIST OF MANUFACTURERS (COMPANY NAME, TYPE OF PRODUCT, HEADQUARTERS, AND CONTACT DETAILS)
  - 5.1.1.3 DISTRIBUTORS
    - 5.1.1.3.1 LIST OF DISTRIBUTORS (COMPANY NAME, TYPE OF PRODUCT, HEADQUARTERS, AND CONTACT DETAILS)
  - 5.1.1.4 END USERS
    - 5.1.1.4.1 LIST OF END USERS (COMPANY NAME, TYPE OF PRODUCT, HEADQUARTERS, AND CONTACT DETAILS)
    - 5.1.1.4.2 CUSTOMER NEED, PREFERENCES, PAIN POINTS, & END USE INDUSTRIES
- 5.1.2 VALUE PERCOLATION ACROSS THE CHAIN
- 5.1.3 INTEGRATION LEVELS
- 5.1.4 KEY ISSUES ADDRESSED
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 THREAT OF SUBSTITUTES
- 5.2.3 BARGAINING POWER OF SUPPLIERS
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 BUSINESS ENVIORNMENT ANALYSIS
- 5.3.1 POLITICAL
- 5.3.2 ECONOMIC
- 5.3.3 SOCIAL
- 5.3.4 TECHNOLOGY
- 5.3.5 LEGAL
- 5.3.6 ENVIORNMENT
5.4 TECHNOLOGY ADVANCEMENTS
- 5.4.1 HIGHER POWER DENSITY AND EFFICIENCY
- 5.4.2 ENHANCED GRID STABILITY AND RESILIENCE
- 5.4.3 IMPROVED CONTROL ALGORITHMS
- 5.4.4 MODULAR AND SCALABLE DESIGNS
- 5.4.5 ENHANCED GRID COMMUNICATION AND CYBERSECURITY
5.5 REGULATORY FRAMEWORK
- 5.5.1 OVERVIEW OF UL 1741
- 5.5.2 DC/DC CONVERTERS & UL 1741 CERTIFICATION
5.6 DC/DC CONVERTERS USE CASES IN MICROGRIDS
- 5.6.1 CASE STUDY 1
- 5.6.2 CASE STUDY 2
5.7 IMPACT OF DC/DC CONVERTERS ON MICROGRID EFFICIENCY & PERFORMANCE
5.8 FUTURE TRENDS AND TECHNOLOGY ROADMAP
- 5.8.1 ADVANCEMENTS IN UL 1741 SB (SMART INVERTER) COMPLIANCE FOR DC/DC CONVERTERS
- 5.8.2 INTEGRATION OF AI & IOT FOR ADAPTIVE POWER MANAGEMENT
- 5.8.3 POLICY SUPPORT & INCENTIVES FOR DC MICROGRIDS IN THE U.S.
5.9 RESEARCH AND DEVELOPMENT REVIEW
5.10 CASE STUDY/ USE CASES
- 5.10.1 CASE STUDY 1
- 5.10.2 CASE STUDY 2

6 US GRID-FORMING INVERTERS FOR MICROGRIDS MARKET, BY POWER OUTPUT

6.1 INTRODUCTION
- 6.1.1 MICRO INVERTER
- 6.1.2 STRING INVERTERS
- 6.1.3 CENTRAL INVERTERS

7 US GRID-FORMING INVERTERS FOR MICORGRIDS S MARKET, BY VOLTAGE

7.1 INTRODUCTION
- 7.1.1 100-300 V
- 7.1.2 300-500 V
- 7.1.3 ABOVE 500 V

8 US GRID-FORMING INVERTERS FOR MICORGRIDS S MARKET, BY POWER RATING

8.1 INTRODUCTION
- 8.1.1 BELOW 50 KW
- 8.1.2 50-100 KW
- 8.1.3 ABOVE 100 KW

9 US GRID-FORMING INVERTERS FOR MICORGRIDS S MARKET, BY APPLICATION

9.1 INTRODUCTION
- 9.1.1 REMOTE & OFF-GRID MICROGRIDS
- 9.1.2 GRID-CONNECTED MICROGRIDS
- 9.1.3 COMMUNITY & RESILIENCY MICROGRIDS
- 9.1.4 HYBRID MICROGRIDS
- 9.1.5 OTHERS

10 US GRID-FORMING INVERTERS FOR MICORGRIDS S MARKET, BY POWER RATING

10.1 INTRODUCTION
- 10.1.1 BELOW 50 KW
- 10.1.2 50-100 KW
- 10.1.3 ABOVE 100 KW

11 US GRID-FORMING INVERTERS FOR MICORGRIDS S MARKET, BY TECHNOLOGY

11.1 INTRODUCTION
- 11.1.1 AC TO DC CONVERTERS
- 11.1.2 DC TO AC CONVERTERS
  - 11.1.2.1 ISOLATED DC/DC CONVERTERS
  - 11.1.2.2 NON-ISOLATED DC/DC CONVERTERS
  - 11.1.2.3 BIDIRECTIONAL DC/DC CONVERTERS
- 11.1.3 OTHERS

12 US GRID-FORMING INVERTERS FOR MICORGRIDS S MARKET, BY END USER

12.1 INTRODUCTION
- 12.1.1 UTILITIES
- 12.1.2 RESIDENTIAL & COMMERCIAL
- 12.1.3 MILITARY & DEFENSE
- 12.1.4 OTHERS

13 US GRID-FORMING INVERTERS FOR MICORGRIDS S MARKET, BY REGION

13.1 INTRODUCTION
13.2 NORTHEAST US
13.3 SOUTHEAST US
13.4 MIDWEST US
13.5 SOUTHWEST US
13.6 WEST US

14 COMPETITIVE LANDSCAPE

14.1 INTRODUCTION
14.2 COMPANY MARKET SHARE ANALYSIS, 2023
- 14.2.1 US GRID-FORMING INVERTERS FOR MICROGRIDS MARKET SHARE ANALYSIS
14.3 COMPETITIVE BENCHMARKING
14.4 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE US GRID-FORMING

INVERTERS FOR MICROGRIDS MARKET

14.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 14.5.1 EXPANSION
- 14.5.2 NEW PRODUCT LAUNCH
- 14.5.3 ACQUISITION
- 14.5.4 PARTNERSHIP
- 14.5.5 AGREEMENT

15 COMPANY PROFILES

15.1 ABB
- 15.1.1 COMPANY OVERVIEW
- 15.1.2 FINANCIAL OVERVIEW ABB: FINANCIAL OVERVIEW SNAPSHOT.
- 15.1.3 PRODUCTS OFFERED
- 15.1.4 KEY DEVELOPMENTS
- 15.1.5 SWOT ANALYSIS
- 15.1.6 KEY STRATEGY
  - 15.1.6.1 BUSINESS STRATEGIES
    - 15.1.6.1.1 PRODUCT STRATEGY 97
  - 15.1.6.2 CORPORATE STRATEGIES
  - 15.1.6.3 OVERALL STRATEGY
- 15.1.1 LIST OF PROMINENT DISTRIBUTORS
15.2 SCHNEIDER ELECTRIC SE
- 15.2.1 COMPANY OVERVIEW
- 15.2.2 FINANCIAL OVERVIEW
- 15.2.3 PRODUCTS OFFERED
- 15.2.4 KEY DEVELOPMENTS
- 15.2.5 SWOT ANALYSIS
- 15.2.6 KEY STRATEGY
  - 15.2.6.1 BUSINESS STRATEGIES
    - 15.2.6.1.1 PRODUCT STRATEGY 101
  - 15.2.6.2 CORPORATE STRATEGIES
  - 15.2.6.3 OVERALL STRATEGY
15.3 SIEMENS AG
- 15.3.1 COMPANY OVERVIEW
- 15.3.2 FINANCIAL OVERVIEW
- 15.3.3 PRODUCTS OFFERED
- 15.3.4 KEY DEVELOPMENTS
- 15.3.5 SWOT ANALYSIS
- 15.3.6 KEY STRATEGY
  - 15.3.6.1 BUSINESS STRATEGIES
    - 15.3.6.1.1 PRODUCT STRATEGY 106
  - 15.3.6.2 CORPORATE STRATEGIES
  - 15.3.6.3 OVERALL STRATEGY
- 15.3.7 LIST OF PROMINENT DISTRIBUTORS
15.4 GENERAL ELECTRIC (GE)
- 15.4.1 COMPANY OVERVIEW
- 15.4.2 FINANCIAL OVERVIEW
- 15.4.3 PRODUCTS OFFERED
- 15.4.4 KEY DEVELOPMENTS
- 15.4.5 KEY DEVELOPMENTS
- 15.4.6 SWOT ANALYSIS
- 15.4.7 KEY STRATEGY
  - 15.4.7.1 BUSINESS STRATEGIES
    - 15.4.7.1.1 PRODUCT STRATEGY 111
  - 15.4.7.2 CORPORATE STRATEGIES
  - 15.4.7.3 OVERALL STRATEGY
- 15.4.8 LIST OF PROMINENT DISTRIBUTORS
15.5 EATON CORPORATION
- 15.5.1 COMPANY OVERVIEW
- 15.5.2 FINANCIAL OVERVIEW
- 15.5.3 PRODUCTS OFFERED
- 15.5.4 KEY DEVELOPMENTS
- 15.5.5 SWOT ANALYSIS
- 15.5.6 KEY STRATEGY
  - 15.5.6.1 BUSINESS STRATEGIES
    - 15.5.6.1.1 PRODUCT STRATEGY 114
  - 15.5.6.2 CORPORATE STRATEGIES
  - 15.5.6.3 OVERALL STRATEGY
- 15.5.7 LIST OF PROMINENT DISTRIBUTORS
15.6 TESLA INC.
- 15.6.1 COMPANY OVERVIEW
- 15.6.2 FINANCIAL OVERVIEW
- 15.6.3 PRODUCTS OFFERED
- 15.6.4 KEY DEVELOPMENTS
- 15.6.5 SWOT ANALYSIS
- 15.6.6 KEY STRATEGY
  - 15.6.6.1 BUSINESS STRATEGY
    - 15.6.6.1.1 PRODUCT STRATEGY 119
  - 15.6.6.2 CORPORATE STRATEGIES
  - 15.6.6.3 OVERALL STRATEGY
15.7 HITACHI ENERGY LTD.
- 15.7.1 COMPANY OVERVIEW
- 15.7.2 FINANCIAL OVERVIEW
- 15.7.3 PRODUCTS OFFERED
- 15.7.4 KEY DEVELOPMENTS
- 15.7.5 SWOT ANALYSIS
- 15.7.6 KEY STRATEGY
  - 15.7.6.1 BUSINESS STRATEGY
    - 15.7.6.1.1 PRODUCT STRATEGY 123
  - 15.7.6.2 CORPORATE STRATEGIES
  - 15.7.6.3 OVERALL STRATEGY
- 15.7.7 LIST OF PROMINENT DISTRIBUTORS
15.8 SMA SOLAR TECHNOLOGY AG
- 15.8.1 COMPANY OVERVIEW
- 15.8.2 FINANCIAL OVERVIEW
- 15.8.3 PRODUCTS OFFERED
- 15.8.4 KEY DEVELOPMENTS
- 15.8.5 SWOT ANALYSIS
- 15.8.6 KEY STRATEGY
  - 15.8.6.1 BUSINESS STRATEGY
    - 15.8.6.1.1 PRODUCT STRATEGY 127
  - 15.8.6.2 CORPORATE STRATEGIES
  - 15.8.6.3 OVERALL STRATEGY
- 15.8.7 LIST OF PROMINENT DISTRIBUTORS
15.9 ENPHASE ENERGY, INC.
- 15.9.1 COMPANY OVERVIEW
- 15.9.2 FINANCIAL OVERVIEW
- 15.9.3 PRODUCTS OFFERED
- 15.9.4 KEY DEVELOPMENTS
- 15.9.5 SWOT ANALYSIS
- 15.9.6 KEY STRATEGY
  - 15.9.6.1 BUSINESS STRATEGY
    - 15.9.6.1.1 PRODUCT STRATEGY 132
  - 15.9.6.2 CORPORATE STRATEGIES
  - 15.9.6.3 OVERALL STRATEGY
15.10 SOLAREDGE TECHNOLOGIES, INC.
- 15.10.1 COMPANY OVERVIEW
- 15.10.2 FINANCIAL OVERVIEW
- 15.10.3 PRODUCTS OFFERED
- 15.10.4 KEY DEVELOPMENTS
- 15.10.5 SWOT ANALYSIS
- 15.10.6 KEY STRATEGY
  - 15.10.6.1 BUSINESS STRATEGY
    - 15.10.6.1.1 PRODUCT STRATEGY 137
  - 15.10.6.2 KEY STRATEGY
  - 15.10.6.3 OVERALL STRATEGY
15.11 DATA CITATIONS