Press release
String Inverter Market Size, Share, Trends, And Report Analysis By 2033
String Inverter Market Size
As per the report, the string inverter market size has grown strongly in recent years. It will grow from $3.93 billion in 2023 to $4.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The string inverter market size is expected to see strong growth in the next few years. It will grow to $5.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=6760&type=smp
Rising Electricity Demand Fuels Growth In The String Inverters Market
The increasing electricity demand is driving the string inverters market. Rapid growth in socio-economic factors such as population, urbanization, net capital income, and industrial activities in both developed and developing economies have contributed to a rapid surge in demand for electricity across the globe. Increasing electricity demand is expected to boost the utilization of string inverters, as they act as key components to convert electricity generated from solar panels to usable electricity. According to the International Energy Agency (IEA) Renewable Energy Market Update 2021, Solar renewable energy expansion to reach 162 GW in 2022 from 145 GW in 2021. Therefore, the rise in electricity demand is expected to boost demand for string inverters during the forecast period.
Technological Advancements Drive The Rise Of Smart String Inverters In The Market
Technological developments are a key trend gaining popularity in the string inverter market. Smart string inverters are one of the developments in the string inverter market. Smart inverters use voltage and frequency sensors to identify grid anomalies and provide appropriate data to utility operators. Smart inverters are convenient for home rooftop solar owners since they function independently. In March 2022, Huawei unveiled a smart string energy storage system with a Smart I-V Curve Diagnosis tool that conducts comprehensive, real-time, and remote detection of PV systems at the string level. It creates automatic detection reports of underperforming PV arrays, helping utility-scale PV facilities cut O&M expenses.
The string inverter market covered in this report is segmented -
1) By Connection Type: On-Grid, Off-Grid
2) By Nominal Output Voltage: ≤ 230 V, 230 - 400 V, 400 - 600 V, > 600 V
3) By Power Rating: Up to 10 kW, 11 kW - 40 kw, 41 kW - 80 kW, Above 80 kW
4) By End Use Industry: Residential, Commercial and Industrial, Utilities
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=6760&type=discount
Major companies operating in the string inverter market include Chint Group Corp., Delta Electronics Inc., Sputnik Engineering AG, Growatt New Energy Technology Co. Ltd., Siemens AG, SMA Technologies AG, Fimer S.p.A., SolarEdge Technologies Ltd., Ginlong Technologies Co., SolarMax Energy pvt. Ltd., Huawei Technologies Co. Ltd., ABB Ltd., KACO New Energy GmbH, Ningbo Ginlong Technologies Co. Ltd., Fronius International GmbH, Eaton Corporation Plc, Altenergy Power System, Enphase Energy Inc., Darfon Electronics Corporation, Sungrow Power Supply Co. Ltd., CC Power Electronics Ltd., Schneider Electric SE, Delta Energy Systems Gmbh, TMEIC Corporation, SatCon Technology Corporation, Advanced Energy Industries Inc., Kostal Solar Electric GmbH, REFUsol GmbH, Danfoss Solar Inverters A/S, SolarBridge Technologies Inc.
Contents of the report:
1. Executive Summary
2. String Inverter Market Report Structure
3. String Inverter Market Trends And Strategies
4. String Inverter Market - Macro Economic Scenario
5. String Inverter Market Size And Growth
…..
27. String Inverter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/string-inverter-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release String Inverter Market Size, Share, Trends, And Report Analysis By 2033 here
News-ID: 3613160 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Inverter
Four Major Functions Of Solar Inverter. Do Users Need An Inverter For Every Sola …
Solar Inverters [https://www.solar3s.com/48v-on-off-grid-solar-inverter-4-2kw-6-2kw-hybrid-solar-inverter-product/]play a key coordinating role in smart photovoltaic systems, and as solar technology advances, their responsibilities increase, including optimizing performance and supervising photovoltaic equipment. But what exactly does an inverter do? Let's introduce its four key functions.
01
Dc/Ac Conversion
At its core, an On Grid Solar Inverter [https://www.solar3s.com/48v-on-off-grid-solar-inverter-4-2kw-6-2kw-hybrid-solar-inverter-product/] converts the electrical output of solar panels, converting direct current into the more widely used alternating current. Ensuring that solar energy can…
Grid-Forming Inverter Market Grid Management Revolution: The Potential of the Gr …
Grid-Forming Inverter Market
Grid-Forming Inverter Market to reach over USD 1,284.40 billion by the year 2031 - Exclusive Report by InsightAce Analytic
"Grid-Forming Inverter Market" in terms of revenue was estimated to be worth USD 676.01 Million in 2023 and is poised to reach USD 1,284.40 Million by 2031, growing at a CAGR of 8.48% from 2023 to 2031 according to a new report by InsightAce Analytic.
Get a free sample copy…
Inverter Market: Empowering Efficiency: Exploring the Inverter Market | 2023-202 …
Inverter Market Overview:
Maximize Market Research is a research firm that has published a detailed analysis of the "Inverter Market". MMR in-depth market assessments in research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Inverter market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.
Growth Potential of…
Inverter Market Forecast 2024-2030: Power Electronics, Renewable Integration, an …
Inverter Revolution: Global Market, Driven by Renewable Energy Boom
Global Inverter Market:
Inverters, also known as AC Drives, have become pivotal electronic devices in the energy landscape, converting Direct Current (DC) to Alternating Current (AC). These devices play a crucial role in regulating the speed and torque for automotive car engines. Moreover, they find applications in solar power systems and serve as backup power supplies from separately charged batteries.
Inverter Market Overview:
The Inverter…
Railway Traction Inverter Market
Railway traction inverter works on a wide component for transforming an electric energy in a way that it gets converted into power and then eventually in motion. This inverter helps to minimize switching and conduction losses at low and high currents, which allow maximization of rail acceleration and driving range. It is used to convert kinetic energy into electric to charge the battery of the vehicle, which helps to replace…
Electric Vehicle Power Inverter Market : Integrated Inverter System, Separate In …
Electric Vehicle Power Inverter Market by Propulsion (Hybrid Vehicle, Plug in Hybrid Vehicle, Battery Electric Vehicle), by Inverter Type (Traction Inverter, Soft Switching Inverter), by Vehicle Type (Passenger Vehicle, Commercial Vehicle), by Level of Integration (Integrated Inverter System, Separate Inverter System, Mechatronic Integration System), by Distribution Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031. The electric vehicle power inverter market size was valued at $8.67 billion in 2021,…
