Press release
Global String Inverter Market 2022 Key Manufacturers – Huawei Technologies, Schneider, Sungrow Power Supply, SolarMax
Market Synopsis of String inverter Market
Market Scenario:
Each installations requires a mean of conversion from DC to AC such as solar inverter systems, which facilitate generated electricity to be fed into the power grid. Rising demand for continuous and reliable power sources as well as easy installation & customization are some of the factors which drives the market of string inventor. String inverters are used in residential, commercial & industrial, and utilities. Increasing consumption of solar energy across the world is referred as one of the major driving factor for the market. The string inverter market is expected to be driven by decreased cost, removing systems monitoring capabilities. Moreover, Reliability, accessibility and high efficiency will propel global string inventor’s market share in the forecasted period. Increasing renewable integration in Utility scale large projects is further accelerating the growth of string inverters market. On the other hand, heat loss due to the large size of the inverter is acts as a major restraint of the global string inverter market.
Global String inverter Market: Segmentation
• By Product; On-grid, off-grid
• By Phase; Single, Three
• By Application; Residential, Commercial, Industrial, utilities
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Study Objectives of String inverter markets Market.
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the String inverter markets Market.
• To provide insights about factors affecting the market growth.
• To analyze the String inverter markets market based porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by, and sub-segments
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Conveyor system.
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Key Players
The major player operating in the market of Global String inverter are
• SolarMax
• Huawei Technologies
• Sungrow Power Supply
• Fronius International
• KOSTAL Solar Electric
• Growatt New Energy Technology
• Schneider
• Ingeteam
• Ginlong Technologies
• Advanced Energy Industries
• KACO New Energy
Target Audience
• Organizations
• Manufacturer
• Research Institute / Education Institute
• Potential Investors
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Regional Analysis
Asia-Pacific is expected to dominate the global string inverter market during the forecast period, owing factor such as growth on account of increasing clean fuel electricity demand. 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. 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.
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Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
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Maharashtra, India
+1 646 845 9312
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