Solaredge and Enphase control 80 percent of the US residential solar inverter market, GTM
Post date: 19/12/2019 - 12:29
The U.S. residential solar market installed 712 MW in Q3 2019. According to the latest edition of Wood Mackenzie’s »U.S. PV Leaderboard«, Solaredge and Enphase control 80 percent of the US residential solar inverter market. Solaredge inverters were used on 60.5 percent of U.S. residential installations through the first three quarters of this year. »That’s more than triple Solaredge's closest competitor, Enphase, with its 19.2 percent market share.«
Solaredge and Enphase have grabbed the majority of the U.S. residential market »as a result of innovative and forward-looking moves that position them to meet growing demand for holistic energy services,« says the article. Wood Mackenzie expects that the U.S. residential solar market will reach 2.4 GW in 2019 and grow to 3 GW in 2020.