Press release
String Inverters Market Trends, Segmentation and Key Players Such as KACO new energy, ABB, Chint Power Systems Americas, Ginlong (Solis) Technologies, Samil Power Co., Ltd., Fronius International GmbH, Huawei Technologies & Schneider Electric
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Based on system, the string inverter market has been segment into off-grid and on-grid. In 2015, on-grid was the largest segment in the global string inverter market; however, off-grid segment is expected to grow at the faster rate during 2016 – 2022, on account of cheaper technology, drop in prices of solar module and overall solar systems.
Asia-Pacific is forecasted to be the largest region in the global string inverter market , in terms of value, during the forecast period, on account of government targets, policy support in the form of tax incentives and RPOs, incentives feed-in tariffs and tenders and competitive bidding in the region.
The growth can be attributed to the increasing installations of large utility-scale solar systems in Japan, China and several European countries
Based on power rating, the 41 kW–80 kW was the largest segment in the global string inverter market in 2015 due to their compact size, and light weight. Additionally, the 41 kW–80 kW string inverters provide higher level of protection and enhanced durability in a harsh outdoor environment.
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Major players operating in the global string inverter market are KACO New Energy GmbH, Delta Energy Systems GmbH, ABB Ltd, Chint Power Systems, Ginlong Technologies, Samil Power Co., Ltd., Fronius International GmbH, SMA Solar Technology AG, Huawei Technologies Co. Ltd, Schneider Electric, Sungrow, and Yaskawa – Solectria Solar, among others.
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