Press release
String Inverter Market Growth, Trends & Forecast 2025 | Top key players - New Energy GmbH, ABB Ltd, Chint Power Systems Co. Ltd.
String Inverter Market
The String Inverter Market is expected to grow at a Significant CAGR during the forecast period 2024-2031.
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The String Inverter Market refers to the industry focused on devices that convert direct current (DC) electricity from solar panels into alternating current (AC) for use in homes and businesses. String inverters connect multiple panels in a "string," offering a cost-effective and efficient solution for solar energy systems, making them popular in residential and commercial solar installations.
Major players in the String Inverter Market
The prominent players in String Inverter market research report are: Huawei Technologies Co. Ltd., New Energy GmbH, ABB Ltd, Chint Power Systems Co. Ltd., Ningbo Ginlong Technologies Co Ltd, Sungrow Power Supply Co Ltd, Fronius International GmbH, Delta Energy Systems GmbH, SMA Solar Technology AG, Eaton Corporation Plc. among others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In 2023, Delta expanded its Flex series with the launch of two new string inverters designed for both residential and commercial photovoltaic (PV) systems. Building on the design of the M70A Flex, the new M15A inverter is tailored for residential use, offering a power output of 16.5 kVA. This three-phase inverter includes two maximum power point trackers (MPPTs) and boasts an impressive efficiency of 98.3%, with a European efficiency rating of 97.9%, making it a reliable and energy-efficient choice for solar installations.
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Market Segments
By Connection Type: On-Grid, Off-Grid.
By Phase: Single Phase, 3-Phase.
By Power Rating: Up to 10KW, 10-50KW, 50-100KW, More than 100KW.
By End-User: Residential, Commercial & Industrial, Utility.
The String Inverter industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global String Inverter Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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