String Inverter - Global Market Outlook (2019-2027)

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String Inverter - Global Market Outlook (2019-2027)

Global String Inverter Market is accounted for $3.36 billion in 2019 and is expected to reach $7.35 billion by 2027 growing at a CAGR of 10.3% during the forecast period. Some of the key factors propelling the growth of the market are refurbishment of the existing grid network, growing energy demand, and investments in rural electrification. However, the availability of auxiliary technologies is the restraining factor for the growth of the market.

A string inverter is a device used with solar arrays to convert the DC energy that is generated to usable AC electricity for a home. They are connected to multiple solar panels forcing the performance to be equal to the worst performing panel. 

By power rating, the 41 kW – 80 kW segment is expected to grow at a significant market share during the forecast period due to its compact size and lightweight and the ability to provide a higher level of protection in a harsh outdoor environment. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the incentives such as feed-in traffics and tenders by various governments in the region.

Some of the key players in String Inverter Market include Schneider Electric Solar, ABB Limited, Delta Energy System GmbH, Huawei Technologies Co Ltd, Fronius International GmbH, Solarmax Group, Chint Power Systems, SMA Solar Technology AG, HyECO Power Tech, SolarEdge Technologies, Sungrow Power Supply Co Ltd, Samil Power Co Ltd, KACO New Energy GmbH, Growatt New Energy Technology Co Ltd, and Shenzhen SORO Electronics.
  
System Types Covered:
• Off-Grid
• On-Grid

Power Ratings Covered:
• Up to 10 kW
• 11 kW – 40 kW
• 41 kW – 80 kW
• Above 80 kW

Power Classes Covered:
• Single Phase
• Three Phase

Nominal Output Voltages Covered:
• ≤230 V
• 230 - 400 V
• >400 V

Types Covered:
• Multi-string
• Single-string

Nominal Output Powers Covered:
• >1500 W
• 500 - 1500 W
• ≤500 W

Applications Covered:
• Commercial
• Residential
• Industrial
• Utility

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK  
o Spain 
o Rest of Europe       
• Asia Pacific
o Japan        
o China        
o India        
o Australia        
o New Zealand       
o Rest of Asia Pacific
• South America 
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities    
 3.5 Threats     
 3.6 Application Analysis    
 3.7 Emerging Markets    
 3.8 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes    
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global String Inverter Market, By System Type  
 5.1 Introduction    
 5.2 Off-Grid     
 5.3 On-Grid     
       
6 Global String Inverter Market, By Power Rating  
 6.1 Introduction    
 6.2 Up to 10 kW    
 6.3 11 kW – 40 kW    
 6.4 41 kW – 80 kW    
 6.5 Above 80 kW    
       
7 Global String Inverter Market, By Power Class  
 7.1 Introduction    
 7.2 Single Phase    
 7.3 Three Phase    
  7.3.1 High Power   
  7.3.2 Low Power   
       
8 Global String Inverter Market, By Nominal Output Voltage 
 8.1 Introduction    
 8.2 ≤230 V     
 8.3 230 - 400 V    
 8.4 >400 V     
       
9 Global String Inverter Market, By Type   
 9.1 Introduction    
 9.2 Multi-string    
 9.3 Single-string    
       
10 Global String Inverter Market, By Nominal Output Power 
 10.1 Introduction    
 10.2 >1500 W     
 10.3 500 - 1500 W    
 10.4 ≤500 W     
       
11 Global String Inverter Market, By Application  
 11.1 Introduction    
 11.2 Commercial    
  11.2.1 Government/Military  
  11.2.2 College/University   
  11.2.3 Office    
 11.3 Residential    
 11.4 Industrial     
  11.4.1 Paper    
  11.4.2 Food Processing   
  11.4.3 Chemical    
 11.5 Utility     
       
12 Global String Inverter Market, By Geography  
 12.1 Introduction    
 12.2 North America    
  12.2.1 US    
  12.2.2 Canada    
  12.2.3 Mexico    
 12.3 Europe     
  12.3.1 Germany    
  12.3.2 UK    
  12.3.3 Italy    
  12.3.4 France    
  12.3.5 Spain    
  12.3.6 Rest of Europe   
 12.4 Asia Pacific    
  12.4.1 Japan    
  12.4.2 China    
  12.4.3 India    
  12.4.4 Australia    
  12.4.5 New Zealand   
  12.4.6 South Korea   
  12.4.7 Rest of Asia Pacific   
 12.5 South America    
  12.5.1 Argentina    
  12.5.2 Brazil    
  12.5.3 Chile    
  12.5.4 Rest of South America  
 12.6 Middle East & Africa    
  12.6.1 Saudi Arabia   
  12.6.2 UAE    
  12.6.3 Qatar    
  12.6.4 South Africa   
  12.6.5 Rest of Middle East & Africa  
       
13 Key Developments     
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
 13.2 Acquisitions & Mergers   
 13.3 New Product Launch    
 13.4 Expansions    
 13.5 Other Key Strategies    
       
14 Company Profiling     
 14.1 Schneider Electric Solar   
 14.2 ABB Limited    
 14.3 Delta Energy System GmbH   
 14.4 Huawei Technologies Co Ltd   
 14.5 Fronius International GmbH   
 14.6 Solarmax Group    
 14.7 Chint Power Systems    
 14.8 SMA Solar Technology AG   
 14.9 HyECO Power Tech    
 14.10 SolarEdge Technologies   
 14.11 Sungrow Power Supply Co Ltd   
 14.12 Samil Power Co Ltd    
 14.13 KACO New Energy GmbH   
 14.14 Growatt New Energy Technology Co Ltd  
 14.15 Shenzhen SORO Electronics   

 

String Inverter - Global Market Outlook (2019-2027)

List of Tables      
Table 1 Global String Inverter Market Outlook, By Region (2018-2027) ($MN)
Table 2 Global String Inverter Market Outlook, By System Type (2018-2027) ($MN)
Table 3 Global String Inverter Market Outlook, By Off-Grid (2018-2027) ($MN)
Table 4 Global String Inverter Market Outlook, By On-Grid (2018-2027) ($MN)
Table 5 Global String Inverter Market Outlook, By Power Rating (2018-2027) ($MN)
Table 6 Global String Inverter Market Outlook, By Up to 10 kW (2018-2027) ($MN)
Table 7 Global String Inverter Market Outlook, By 11 kW – 40 kW (2018-2027) ($MN)
Table 8 Global String Inverter Market Outlook, By 41 kW – 80 kW (2018-2027) ($MN)
Table 9 Global String Inverter Market Outlook, By Above 80 kW (2018-2027) ($MN)
Table 10 Global String Inverter Market Outlook, By Power Class (2018-2027) ($MN)
Table 11 Global String Inverter Market Outlook, By Single Phase (2018-2027) ($MN)
Table 12 Global String Inverter Market Outlook, By Three Phase (2018-2027) ($MN)
Table 13 Global String Inverter Market Outlook, By High Power (2018-2027) ($MN)
Table 14 Global String Inverter Market Outlook, By Low Power (2018-2027) ($MN)
Table 15 Global String Inverter Market Outlook, By Nominal Output Voltage (2018-2027) ($MN)
Table 16 Global String Inverter Market Outlook, By ≤230 V (2018-2027) ($MN)
Table 17 Global String Inverter Market Outlook, By 230 - 400 V (2018-2027) ($MN)
Table 18 Global String Inverter Market Outlook, By >400 V (2018-2027) ($MN)
Table 19 Global String Inverter Market Outlook, By Type (2018-2027) ($MN)
Table 20 Global String Inverter Market Outlook, By Multi-string (2018-2027) ($MN)
Table 21 Global String Inverter Market Outlook, By Single-string (2018-2027) ($MN)
Table 22 Global String Inverter Market Outlook, By Nominal Output Power (2018-2027) ($MN)
Table 23 Global String Inverter Market Outlook, By >1500 W (2018-2027) ($MN)
Table 24 Global String Inverter Market Outlook, By 500 - 1500 W (2018-2027) ($MN)
Table 25 Global String Inverter Market Outlook, By ≤500 W (2018-2027) ($MN)
Table 26 Global String Inverter Market Outlook, By Application (2018-2027) ($MN)
Table 27 Global String Inverter Market Outlook, By Commercial (2018-2027) ($MN)
Table 28 Global String Inverter Market Outlook, By Government/Military (2018-2027) ($MN)
Table 29 Global String Inverter Market Outlook, By College/University (2018-2027) ($MN)
Table 30 Global String Inverter Market Outlook, By Office (2018-2027) ($MN)
Table 31 Global String Inverter Market Outlook, By Residential (2018-2027) ($MN)
Table 32 Global String Inverter Market Outlook, By Industrial (2018-2027) ($MN)
Table 33 Global String Inverter Market Outlook, By Paper (2018-2027) ($MN)
Table 34 Global String Inverter Market Outlook, By Food Processing (2018-2027) ($MN)
Table 35 Global String Inverter Market Outlook, By Chemical (2018-2027) ($MN)
Table 36 Global String Inverter Market Outlook, By Utility (2018-2027) ($MN)

 

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