String Inverter Market (By Power Class: Single Phase, Three Phase [Low Power (?99 kW), High Power (>99 kW)]; By Nominal Output Power: ?500 W, 500-1500W, > 1500 W; By Nominal Output Voltage: ? 230 V, 230 - 400 V, > 400 V; By Connectivity: Stand-alone, On-grid; By Application: Residential, Commercial [College/University, Office , Government/Military, Others], Industrial [Chemical , Paper, Food Processing, Others], Utility) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026
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Introduction
String inverter is a machine coupled with the equipment of solar photovoltaic power generation equipment. A string inverter makes the sufficient conversion of electricity from Direct Current (DC) to Alternating Current (AC). String inverters are the fundamental element of a solar panel system. The report provides analysis of global string inverter market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. The global string inverter market is anticipated to grow at substantial CAGR above 10% throughout the forecast period. Furthermore, Market players are primarily focusing on developing new innovative technologies that will supplement growth of the string inverter market.
Market Dynamics
Growth in installations of solar panel systems, advantages provided by string inverter, increasing need for high performance and initiatives taken by governments are some of the fundamental factors that are driving the string inverter market growth globally. In order to increase productivity and overall performance the implementation of string inverter is increasing rapidly, thereby boosting the growth of the global string inverter market. Initiatives taken by governments across the globe in order to support the use of alternative energy in addition with the subsidies and attractive intensives are expected to amplify the number of installations of solar panels, resulting in the high demand for string inverters. In addition, string inverters together with the power optimizers significantly enhance the output power, thus delivering high performance. Furthermore, string inverters have the ability to be remotely monitored, which again act as a major factor boosting the adoption of string inverters.
Market Segmentation
String Inverter Market, By Power Class
- Single Phase
- Three Phase
- Low Power (≤99 kW)
- High Power (>99 kW)
String Inverter Market, By Nominal Output Power
- ≤500 W
- 500-1500W
- > 1500 W
String Inverter Market, By Nominal Output Voltage
- ≤ 230 V
- 230 - 400 V
- > 400 V
String Inverter Market, By Connectivity
- Stand-alone
- On-grid
String Inverter Market, By Application
- Residential
- Commercial
- College/University
- Office
- Government/Military
- Others
- Industrial
- Chemical
- Paper
- Food Processing
- Others
- Utility
Global String Inverter Market, by Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Chile
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
The market research study on “String Inverter Market (By Power Class: Single Phase, Three Phase [Low Power (≤99 kW), High Power (>99 kW)]; By Nominal Output Power: ≤500 W, 500-1500W, > 1500 W; By Nominal Output Voltage: ≤ 230 V, 230 - 400 V, > 400 V; By Connectivity: Stand-alone, On-grid; By Application: Residential, Commercial [College/University, Office , Government/Military, Others], Industrial [Chemical , Paper, Food Processing, Others], Utility) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed insights on global string inverter market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global string inverter market by power class, nominal output Power nominal output voltage, connectivity, application and major geographic regions. The report also covers basic technology development policies.
Market Participants
The global string inverter market is characterized by the presence of experienced and established players. Some of the key players include Elettronica Santerno, GoodWe, Huawei,Shenzhen KSTAR, TBEA, Omron, Delta Group, SMA Solar, Fronious, Ginlong Technologies, Schneider Electric, REFU, SatCon, Solar Edge, Sungrow, Chint Group, Samil Power, Growatt New Energy Technology, Elektronik, SolarMax, KACO New Energy and ABB.