String Inverter Market | Growth Drivers, Key Players & Global Investment Opportunities

Market Size and Growth

String Inverter Market reached at a High CAGR during the forecast period 2024-2031.
String Inverter Market report, published by DataM Intelligence has released its latest in-depth analysis on the global String Inverter Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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String Inverter is a type of solar inverter that connects a series of solar panels (a string) to convert direct current (DC) into alternating current (AC) for grid or home use. Widely used in residential and commercial solar systems, string inverters are cost-effective, reliable, and efficient for medium to large-scale installations.

Key Players: A

-> 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.

Key Development:

United States: Recent Developments in String Inverters

✅ In August 2025, Enphase Energy forecasted a third-quarter revenue between $330 million and $370 million, below Wall Street expectations, citing impacts from import tariffs and uncertainties surrounding renewable energy tax credits.

✅ In July 2025, SolarEdge Technologies announced plans to lay off 400 employees globally, marking the fourth job-cut announcement within a year, amid an industry-wide downturn and weak demand in major markets like Europe.

✅ In April 2025, Sungrow launched its fully compatible Commercial & Industrial (C&I) PV inverter range at the Solar & Storage Live London event, enhancing performance and safety of PV projects by maximizing energy yield, even under shading or mismatched module conditions.

Japan: Recent Developments in String Inverters

✅ In April 2025, Sungrow announced the launch of its fully compatible Commercial & Industrial (C&I) PV inverter range at the Solar & Storage Live London event, enhancing performance and safety of PV projects by maximizing energy yield, even under shading or mismatched module conditions.

✅ In January 2025, at Intersolar Europe, Sungrow highlighted their latest advancements in solar and energy storage, including innovative modular inverters and energy storage solutions.

Growth Forecast Projected:

The Global String Inverter Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global String Inverter Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key 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

Regional Analysis for String Inverter Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among String Inverter producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze String Inverter revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

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