String Inverter Market 2022 in-Depth Analysis by Leading Players like SolarMax, Huawei Technologies, Sungrow Power Supply, Fronius International, KOSTAL Solar Electric, Growatt New Energy Technology Etc.
A string inverter is connected with a string of solar panels, which is called the solar array and each solar panel is connected in series to the string inverters. The inverter combines all the direct current received from each individual solar panel and, at once, converts it into alternating current. Moreover, easy replacement and more flexibility as well as availability are some of the factors which driving the market of string inverter.
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Global String Inverter Market Segmental Analysis
The report has analyzed the market based on the four segments: product, phase, application, and end use in the regions of North America, Europe, APAC and rest of the world.
On the basis of product it includes On-grid, off-grid.
On the basis of phase it includes Single, Three. It is referred as largest market owing to rising installations of large utility-scale solar systems in Japan, China, and other European countries.
On the basis of application, it includes Residential, Commercial, Industrial, utilities.
On-grid segment is expected to hold the largest share of the string inverter market due to the market of three-phase string inverters, which are being commercialized at a huge scale in Asia-Pacific and Europe.
We recognize the key players in the global String Inverter market are SolarMax, Huawei Technologies, Sungrow Power Supply, Fronius International, KOSTAL Solar Electric, Growatt New Energy Technology, Schneider, Ingeteam, Ginlong Technologies, Advanced Energy Industries, and KACO New Energy
Asia-Pacific is expected to be the largest market for string inverters, with China and India being the biggest markets in the region. String inverter market is estimated to dominate the global market during the forecast period, owing to factors such as government targets, policy support, and tenders & competitive bidding in the region.
Whereas, Americas expected to be the fastest growing market due to increasing demand for electricity combined with the area’s high irradiation levels, making the region ideal for PV installations.
Moreover, Government initiative such as Jawaharlal Nehru National solar mission in India, to encourage solar system adoption as well as policies such as feed-in tariffs referred as motivating factor for the growth of the market.
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Table Of Contents
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global String Inverter Market: By Product
1.3.2 Global String Inverter Market: By Phase
1.3.3 Global String Inverter Market: By Application
1.3.5 Global String Inverter Market: By Region
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
2.4.3 Market Crackdown & Data Triangulation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
4 Executive Summary
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