Global String Inverter Market Overview:
The string inverter is also known as a central inverter. With the help of string inverter the solar panels are connected together into strings and the DC power is wired to a large inverter in a central location. It transforms the power for all the modules at once. This has been the traditional approach. String inverters need running several strands of thick DC wires down from the solar panels through a conduit to the string inverter. Micro-inverters attach to a simple AC trunk table carry normal household voltage. Some of the key players profiled in the study are ABB Limited (Switzerland), SolarEdge Technologies (Israel), Schneider Electric Solar (Australia), SMA Solar Technology AG (Germany), Delta Energy System GmbH (Germany), Solarmax Group (Germany), Chint Power Systems (China), Growatt New Energy Technology (China), Advanced Energy Industries (United States) and Samil Power Co., Ltd. (China).
On the basis of geography, the market of String Inverter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Rating, the sub-segment i.e. Up to 10 kW will boost the String Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System Type, the sub-segment i.e. On-Grid will boost the String Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Phase Type, the sub-segment i.e. Single-phase will boost the String Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Power Requirements
- Increasing Installation of Solar Panel System
- Technological Advancements in the Field Of Alternative Power Generation
- Initiatives Taken By Governments to Support the Use of Alternative Energy
- Less Effective Where Panels Are Installed Facing Different Directions
- Increasing Consumption of Solar Energy
- More Loss of Heat Due To Larger Size of Solar Panel
Major Market Developments:
On March 7, 2019 KACO new energy has launched its first hybrid inverter onto the market and is offering it together with the battery and mains disconnector as a system from a single source.
Manufacturers of String Inverter, Suppliers of String Inverter, Wholesalers, Distributors and Retailers of String Inverter, Provider of Solar Panel and Governmental Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global String Inverter market on the basis of product [Single-Phase String Inverter and Three-Phase String Inverter] , application [Residential, Commercial and Industrial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the String Inverter market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the String Inverter industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Fronius International GmbH (Austria), KACO New Energy GmbH (Germany) and Shenzhen SORO Electronics (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the String Inverter market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.