Press release
Competitive Landscape: Leading Companies and New Entrants in the String Inverter Market
String Inverter Market
Anticipated Growth and Market Value of the String Inverter Market by 2030
The string inverter market is projected to experience significant growth, reaching a valuation of $5.93 billion by 2030. This corresponds to a compound annual growth rate (CAGR) of 6.7%. Factors propelling this growth include increased demand for high-efficiency hybrid inverters, the surge in utility-scale solar projects, broader adoption of smart energy management systems, the progression of advanced maximum power point tracking (MPPT) technologies, and the expansion of inverter-integrated storage solutions. Key trends expected to influence this market during the forecast period are the shift toward sustainable solar power conversion, the rise of IoT-enabled inverter monitoring, the development of intelligent manufacturing processes for solar electronics, greater use of cloud-based inverter analytics, and the integration of inverters within electric vehicle (EV)-oriented energy systems.
Download a free sample of the string inverter market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6760&type=smp
Prominent Companies Leading the String Inverter Market
Several well-established companies maintain a strong presence in the string inverter sector. These include Chint Group Corp., Delta Electronics Inc., 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, Darfon Electronics Corporation, Sungrow Power Supply Co. Ltd., CC Power Electronics Ltd., Schneider Electric SE, Delta Energy Systems GmbH, TMEIC Corporation, Advanced Energy Industries Inc., Kostal Solar Electric GmbH, REFUsol GmbH, and Danfoss Solar Inverters A/S.
In a notable development, UK-based investment firm CLEMENTY Group announced plans in July 2023 to acquire Fimer, an Italy-based solar inverter and mobility systems manufacturer, for an undisclosed sum. This acquisition aims to provide Fimer with the necessary financial backing to sustain operations, settle debts, expand its workforce, and rejuvenate its business activities.
View the full string inverter market report:
https://www.thebusinessresearchcompany.com/report/string-inverter-global-market-report
Innovative Trends Shaping the Future of the String Inverter Market
Leading companies in the string inverter segment are focusing on launching cutting-edge hybrid solutions, such as low-voltage hybrid inverters, designed to boost efficiency. Low-voltage hybrid inverters typically operate with batteries in the 42V to 59V range and are gaining popularity for residential uses. For example, in May 2023, China-based manufacturer SolaX Power introduced the X1-Hybrid LV inverter. Tailored for home solar installations, this product enhances efficiency by functioning at lower voltages than conventional inverters and supports high-power solar panels. It also offers reliable backup power, can link up to 10 inverters, and features a vibrant LCD touchscreen interface. Compatible with multiple battery types including lithium and lead-acid, and optimized for pairing with SolaX's T-BAT-SYS-LV R2.5 and R3.6 batteries, the X1-Hybrid LV prioritizes safety with IP65 protection and integrated safety mechanisms.
Key Segments and Subcategories Driving the String Inverter Market
This report segments the string inverter market based on several criteria:
1) Connection Type: On-Grid and Off-Grid
2) Nominal Output Voltage: = 230 V, 230 - 400 V, 400 - 600 V, and above 600 V
3) Power Rating: Up to 10 kW, 11 kW to 40 kW, 41 kW to 80 kW, and more than 80 kW
4) End Use Industry: Residential, Commercial and Industrial, Utilities
Further breakdown within connection types includes:
- On-Grid: Standard On-Grid Inverters, Hybrid On-Grid Inverters, and Grid-Tied Inverters with Battery Backup
- Off-Grid: Standalone Off-Grid Inverters, Off-Grid Inverters with Battery Storage, and Inverters for Remote Applications
- Other Connection Types: Micro-Inverters and Power Optimizers
These classifications highlight the diversity of products that cater to a wide range of applications across residential, commercial, and utility sectors, supporting the ongoing expansion of the string inverter market.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at 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
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Competitive Landscape: Leading Companies and New Entrants in the String Inverter Market here
News-ID: 4378132 • Views: …
More Releases from The Business Research Company
Single Board Computer Market Overview, Key Trends, and Insights on Major Players
The single board computer market is on track for significant growth in the coming years, driven by its expanding role across multiple industries and technological advancements. As the demand for compact, efficient computing solutions rises, this sector is poised to make notable strides by 2030. Let's explore the market size projections, key players, emerging trends, and detailed segmentations shaping this landscape.
Projected Size and Growth Rate of the Single Board Computer…
Leading Companies Fueling Growth and Innovation in the Silicon Carbide Semicondu …
The silicon carbide semiconductor device market is positioned for remarkable expansion over the coming years, driven by several emerging technological trends and increasing demand across various sectors. This growth reflects the growing importance of silicon carbide in advancing high-performance, energy-efficient electronic components for cutting-edge applications such as electric vehicles and renewable energy systems.
Projected Market Size and Growth for Silicon Carbide Semiconductor Devices
The silicon carbide semiconductor device market is forecasted…
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the St …
The step-up and step-down transformer market is positioned for significant expansion over the coming years, driven by a range of technological and energy-related advancements. As global energy demands evolve and infrastructure modernizes, this sector is set to play a vital role in ensuring efficient power distribution and management. Let's explore the market's projected growth, influential players, emerging trends, and key segments shaping its future.
Projected Market Size and Growth Trajectory for…
Competitive Landscape: Key Market Leaders and New Entrants in the Starting, Ligh …
The Starting, Lighting, and Ignition (SLI) battery market is positioned for substantial growth in the coming years as automotive technologies evolve and demand for efficient power solutions increases. This overview explores the market's projected size, key contributors, emerging trends, and segmentation to provide a comprehensive understanding of where the industry is headed.
Forecasted Market Size and Growth Drivers in the Starting, Lighting, and Ignition Battery Market
The SLI battery market is…
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,…
