String Inverter Market By System Type, Phase, Power Rating and End User – Global Industry Analysis And Forecast To 2025
String Inverter Market By System Type (Off-Grid and On-Grid), Phase (Three-Phase and Single-Phase), Power Rating (Above 80 kW, 41Kw-80KW, 11 kW-40 kW and Up to 10 kW) and End User (Residential, Utilities, Commercial and Industrial) – Global Industry Analysis And Forecast To 2025
The string inverter is a gadget that alters the DC power to AC power and which is intended for high voltage DC inputs. Utilizing a string inverter, the array of solar panel, still commonly appraised at 24V, 12V, or 48V for each of the panel is wired in a series arrangement, instead of in parallel arrangement. The use of the inverters is growing due to factor like; increase in the solar panel use for power generation, strict rules & regulations by the government related to the environment protection, and some other factors. Therefore, the String Inverter Market is anticipated to expand and has tremendous scope during the forecast period. The global String Inverter Market anticipated to flourish in the future by growing at a significantly higher CAGR.
By System Type the market is segmented into Off-Grid and On-Grid. The On-grid section is leading the market due to number of applications in small & medium scale industrial & commercial sectors, wide use in the solar applications, etc.
By Phase the market is segmented into Three-Phase and Single-Phase.
By Power Rating the market is segmented into Above 80 kW, 41Kw-80KW, 11 kW-40 kW and Up to 10 kW. The 41Kw-80KW section dominates the market due to flexibility of design, more protection, more durability, etc.
By End User the market is segmented into Residential, Utilities, Commercial and Industrial. The utilities section is leading the market owing to regulations related to renewable integrations.
The Asia Pacific region is dominating the market owing to factors like; more initiatives by the government, rise in the competitive bidding in the region and other factors.
String Inverter Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Huawei Technologies Co. Ltd.
KACO New Energy GmbH
SMA Solar Technology AG
Delta Energy Systems GmbH
Fronius International GmbH
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?