String Inverter Market By Phase (Single and Three) By System Type (On-Grid and Off-Grid), By Power Rating (Up to 10kW, 11kW–40kW, 41kW–80kW, and Above 80kW), By End-User (Residential, Commercial & Industrial, and Utilities), By Company, By Region, Forecast & Opportunities, 2027

Global string inverter market is expected to grow at a significant rate during the forecast period on account of rise in demand for unconventional fuels with lower carbon footprint. Grid security performance is enhanced due to lower energy overload than the conventional method of energy production. Reduction in electricity bills and lower electricity loss during transmission are the other two factors contributing to the growth of the global string inverter market. String inverter are easier to install and increases efficiency of the panel many folds thereby contributing significantly to the global string inverter market growth. Hassle free installations and customizations in the string inverter are other factors boosting the market growth. String inverter aids in remote monitoring and decreases the cost of the overall system therefore propelling the global string inverter market growth. Rise in disposable income among middle class families is aiding in increasing affordability to install in residential and official spaces.

Global string inverter market is segmented into based on

The major players operating in the global string inverter market KACO New Energy GmbH, Delta Energy Systems GmbH, ABB Limited, Fronius International GmbH, SMA Solar Technology AG, Huawei Technologies Co. Ltd, Solaredge Technologies, Inc., Growatt New Energy Technology Co., Ltd., Ginlong Technologies, Solarmax Group, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study

• To analyze the historical growth of the market size of global string inverter market from 2017 to 2020.
• To estimate and forecast the market size of global string inverter market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast global string inverter market based on phase, system type, power rating, end-user, region, and company.
• To identify dominant region or segment in the global string inverter market.
• To identify drivers and challenges for global string inverter market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global string inverter market.
• To identify and analyze the profile of leading players operating in global string inverter market.
• To identify key sustainable strategies adopted by market players in global string inverter market.

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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

Market insights research calculated the market size of

Key Target Audience

• string inverter market manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to mining equipment

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.