String Inverter Market – Global Industry Analysis and Forecast (2019-2026) – By Product, Power Rating, Application and Region.


Global String Inverter Market is expected to reach US$ 4.33 Bn. by 2026 with a CAGR of 6.3%, during the forecast period.

String Inverter Market

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Stringent sustainability regulations coupled with rising demand for uninterrupted electricity supply will drive String Inverter Market share. Europe has introduced directive 2003/87/EC, with the aim to reduce greenhouse gas emission by 20% by 2020.

Government measures toward the adoption of renewable energy over fossil fuel will boost the String Inverter Market share from 2016 to 2024. Introduction of various schemes including net metering and feed-in tariff will further complement the industry growth. Growing demand for sustainable energy coupled with decreasing component cost is the other growth drivers for the market. Technology innovation has resulted in a considerable decline in the component price with improvement in its power density as well.

Growing adoption of decentralized systems mainly in a rural area will positively influence the industry outlook. Stringent industrial emission norms are encouraging consumers to shift their focus towards renewable energy.

String Inverter Market is majorly segmented by the product, power rating, application, and region. Based on power rating segment 10 kW is expected to dominate the String Inverter Market in 2017. Increasing demand for rooftop solar across residential consumers is augmenting the industry growth. Moreover, the rise in demand for uninterrupted power supply across small-scale industries and commercial complexes will further propel demand from 2019 to 2026 for String Inverter Market.

Under applications segment, residential string inverter held the highest market share in 2017. Introduction of schemes such as feed-in tariff and subsidy will boost market growth as well. A few other factors driving the market growth are increasing investments towards infrastructure development and rising urban population. Engagement of power purchase agreement with beneficiary will stimulate the utility applications to demand in upcoming years.

North America held the highest String Inverter Market share in 2017 and is expected to have a higher growth rate in the forecast period with the U.S. being a major country contributing to the overall growth. Government incentives including the tax credit, rebate, feed-in tariff, and net metering are encouraging the adoption of renewable energy in the region. Increasing adoption of the rooftop solar system in the commercial and residential sector may further propel the business growth over the forecast period.

Key player across the String Inverter Market industry are KOSTAL Solar Electric, Advanced Energy Industries, SolarMax, ABB, Growatt New Energy Technology, and Huawei Technologies. Major participants are investing heavily in the research and development sector to develop a new product which is expected to positively encourage business growth. For instance, in 2016, Sungrow launched SG125HV String Inverter Market with the 125kW output. It offers 1.5 DC: AC ratio and 99% efficiency. This inverter is suitable for both commercial and utility-scale solar projects. It helps to reduce the balance of system cost and installation cost as well.

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String Inverter Market, By Product

• Standalone
• On-grid
• By Phase
• Single
• Three

String Inverter Market, By Power Rating

• 10KW
• 11KW-40KW
• 41KW–80KW
• Over 80KW

String Inverter Market, By Application

• Residential
• Commercial
• Utility

String Inverter Market, By Geography

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

Key Players operating in the String Inverter Market:

• KOSTAL Solar Electric
• Advanced Energy Industries
• SolarMax
• ABB
• Growatt New Energy Technology
• Huawei Technologies
• SMA Solar Technology
• Schneider Electric
• Sungrow Power Supply
• Ingeteam
• Solaredge Technologies
• Yaskawa – Solectria Solar
• Delta Energy System
• KACO New Energy
• Fronius International
• Ginlong Technologies
• Samil Power
• Chint Power Systems Co., Ltd.
• Ningbo Ginlong Technologies
• Shenzhen SORO Electronics
• HyECO Power Tech

Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current String Inverter Market outlook. The report encompasses the String Inverter Market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the String Inverter Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain String Inverter Market positioning of competitors. 





String Inverter Market

1. INTRODUCTION
1.1. String Inverter Market description & Scope (2019 – 2026)
1.2. String Inverter Market, Objectives
1.2.1. Key Takeaways
1.2.2. Abbreviations & Acronyms
2. RESEARCH METHODOLOGY
2.1. String Inverter Market, Methods used for market forecasting
2.2. String Inverter Market, Data Sources
2.2.1. Paid Databases
2.2.2. Primary Sources
2.2.3. Secondary Sources
3. EXECUTIVE SUMMARY
3.1. String Inverter Market, Major Findings
3.1.1. String Inverter Market, Key Segment Trends
3.1.1.1. Product
3.1.1.2. Power Rating
3.1.1.3. Application
3.1.2. String Inverter Market, Key Regional Trends
3.2. String Inverter Market, Key Companies and their Strategies
4. MARKET OVERVIEW
4.1. String Inverter Concept & Definition
4.2. String Inverter Market, Segments Overview
4.2.1. String Inverter Market, By Product
4.2.1.1. Standalone
4.2.1.2. On-grid
4.2.2. String Inverter Market, By Power Rating
4.2.2.1. 10KW
4.2.2.2. 11KW-40KW
4.2.2.3. 41KW–80KW
4.2.2.4. Over 80KW
4.2.3. String Inverter Market, By Phase
4.2.3.1. Single
4.2.3.2. Three
4.2.4. String Inverter Market, By Application
4.2.4.1. Residential
4.2.4.2. Commercial
4.2.4.3. Utility
4.3. String Inverter Market, Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. String Inverter Market, Porter’s Analysis
4.5. String Inverter Market, PESTLE Analysis
4.6. String Inverter Market, Fragmentation
4.6.1. String Inverter Market, Key strategic Alliances of companies (inorganic & organic)
4.6.2. String Inverter Market, Company Market Share (Top 10 Players)
4.6.3. String Inverter Market, Comparative Analysis of Key players in String Inverter
4.7. String Inverter Market, Key Trends
5. STRING INVERTER PRODUCT ESTIMATES & TREND ANALYSIS (2019 – 2026)
5.1. String Inverter Market: Product Analysis
5.1.1. Standalone
5.1.1.1. Market Share and growth forecasts, 2019 – 2026 (USD Billion)
5.1.2. On-grid
5.1.2.1. Market Share and growth forecasts, 2019 – 2026 (USD Billion)
5.2. String Inverter Market: Product Trends
6. STRING INVERTER PHASE ESTIMATES & TREND ANALYSIS (2019 – 2026)
6.1. String Inverter Market: Phase Analysis
6.1.1. Single
6.1.1.1. Market Share and growth forecasts,2019 – 2026 (USD Billion)
6.1.2. Three
6.1.2.1. Market Share and growth forecasts,2019 – 2026 (USD Billion)
6.2. String Inverter Market: Phase Trends
7. STRING INVERTER POWER RATING ESTIMATES & TREND ANALYSIS (2019 – 2026)
7.1. String Inverter Market: Power Rating Analysis
7.1.1. 10KW
7.1.1.1. Market Share and growth forecasts,2019 – 2026 (USD Billion)
7.1.2. 11KW-40KW
7.1.2.1. Market Share and growth forecasts,2019 – 2026 (USD Billion)
7.1.3. 41KW–80KW
7.1.3.1. Market Share and growth forecasts,2019 – 2026 (USD Billion)
7.1.4. Over 80KW
7.1.4.1. Market Share and growth forecasts,2019 – 2026 (USD Billion)
7.2. String Inverter Market: Power Rating Trends
8. STRING INVERTER APPLICATION ESTIMATES & TREND ANALYSIS (2019 – 2026)
8.1. String Inverter Market: Application Analysis
8.1.1. Residential
8.1.1.1. Market Share and growth forecasts,2019 – 2026 (USD Billion)
8.1.2. Commercial
8.1.2.1. Market Share and growth forecasts,2019 – 2026 (USD Billion)
8.1.3. Utility
8.1.3.1. Market Share and growth forecasts,2019 – 2026 (USD Billion)
8.2. String Inverter Market: Application Trends
9. REGIONAL ESTIMATES & TREND ANALYSIS (2019 – 2026)
9.1. North America String Inverter market share by Region, 2017 & 2025
9.2. North America
9.2.1. North America String Inverter market, Market Share and growth forecasts, 2019 – 2026 (USD Billion)
9.2.2. String Inverter Drivers for North America Market
9.2.3. Market Share Analysis and Growth Forecast, by Country
9.2.3.1. US
9.2.3.2. Canada
9.2.4. Country-wise GDP Growth Forecast
9.2.5. String Inverter Trends In North America Market
9.3. Europe
9.3.1. Europe String Inverter market, Market Share and growth forecasts, 2019 – 2026 (USD Billion)
9.3.2. String Inverter Drivers For Europe Market
9.3.3. Market Share Analysis and Growth Forecast, by Country
9.3.3.1. UK
9.3.3.2. Germany
9.3.3.3. France
9.3.3.4. Russia
9.3.3.5. Spain
9.3.3.6. Italy
9.3.3.7. Others
9.3.4. Country-wise GDP Growth Forecast
9.3.5. String Inverter Trends In Europe Market
9.4. Asia Pacific
9.4.1. Asia Pacific String Inverter market, Market Share and growth forecasts, 2019 – 2026 (USD Billion)
9.4.2. String Inverter Drivers for Asia Pacific Market
9.4.3. Market Share Analysis and Growth Forecast, by Country
9.4.3.1. China
9.4.3.2. Japan
9.4.3.3. India
9.4.3.4. South Korea
9.4.3.5. Australia
9.4.3.6. Others
9.4.4. Country-wise GDP Growth Forecast
9.4.5. String Inverter Trends In Asia Pacific Market
9.5. Middle-east and Africa
9.5.1. Middle-east and Africa String Inverter market, Market Share and growth forecasts, 2019 – 2026 (USD Billion)
9.5.2. String Inverter Drivers for Middle-east and Africa Market
9.5.3. Market Share Analysis and Growth Forecast, by Country
9.5.3.1. GCC Countries
9.5.3.2. Saudi Arabia
9.5.3.3. Others
9.5.4. String Inverter Trends In Middle-east and Africa Market
9.6. Latin America
9.6.1. Latin America String Inverter market, Market Share and growth forecasts, 2019 – 2026 (USD Billion)
9.6.2. String Inverter Drivers for Latin America Market
9.6.3. Market Share Analysis and Growth Forecast, by Country
9.6.3.1. Brazil
9.6.3.2. Mexico
9.6.3.3. Others
9.6.4. String Inverter Trends In Latin America Market
10. MARKET COMPETITION ANALYSIS
10.1. String Inverter Market, Strategy Framework
10.2. String Inverter Market, Consolidation
10.2.1. String Inverter Market, Patent Analysis
10.2.2. String Inverter Market, Mergers & Acquisitions
10.2.2.1. Product Based
10.2.2.2. Services Based
10.2.2.3. Region Based
10.2.2.4. List of Mergers & Acquisitions
10.2.3. String Inverter Market, Company Benchmarking (Revenue & Profit Based)
10.2.4. String Inverter Market, Strategic Assessment of Company Consolidations
10.2.5. String Inverter Market, Emerging Business Models
10.3. String Inverter Market, Company Profiles
10.3.1. KOSTAL Solar Electric
10.3.1.1. Company overview
10.3.1.2. Key financials
10.3.1.3. Geographical presence
10.3.1.4. Product and Business Segments
10.3.1.5. Strategic initiatives
10.3.1.6. SWOT analysis
10.3.1.7. Competitive positioning and landscape
10.3.2. Advanced Energy Industries
10.3.2.1. Company overview
10.3.2.2. Key financials
10.3.2.3. Geographical presence
10.3.2.4. Product and Business Segments
10.3.2.5. Strategic initiatives
10.3.2.6. SWOT analysis
10.3.2.7. Competitive positioning and landscape
10.3.3. SolarMax
10.3.3.1. Company overview
10.3.3.2. Key financials
10.3.3.3. Geographical presence
10.3.3.4. Product and Business Segments
10.3.3.5. Strategic initiatives
10.3.3.6. SWOT analysis
10.3.3.7. Competitive positioning and landscape
10.3.4. ABB
10.3.4.1. Company overview
10.3.4.2. Key financials
10.3.4.3. Geographical presence
10.3.4.4. Product and Business Segments
10.3.4.5. Strategic initiatives
10.3.4.6. SWOT analysis
10.3.4.7. Competitive positioning and landscape
10.3.5. Growatt New Energy Technology
10.3.5.1. Company overview
10.3.5.2. Key financials
10.3.5.3. Geographical presence
10.3.5.4. Product and Business Segments
10.3.5.5. Strategic initiatives
10.3.5.6. SWOT analysis
10.3.5.7. Competitive positioning and landscape
10.3.6. Huawei Technologies
10.3.6.1. Company overview
10.3.6.2. Key financials
10.3.6.3. Geographical presence
10.3.6.4. Product and Business Segments
10.3.6.5. Strategic initiatives
10.3.6.6. SWOT analysis
10.3.6.7. Competitive positioning and landscape
10.3.7. SMA Solar Technology
10.3.7.1. Company overview
10.3.7.2. Key financials
10.3.7.3. Geographical presence
10.3.7.4. Product and Business Segments
10.3.7.5. Strategic initiatives
10.3.7.6. SWOT analysis
10.3.7.7. Competitive positioning and landscape
10.3.8. Schneider Electric
10.3.8.1. Company overview
10.3.8.2. Key financials
10.3.8.3. Geographical presence
10.3.8.4. Product and Business Segments
10.3.8.5. Strategic initiatives
10.3.8.6. SWOT analysis
10.3.8.7. Competitive positioning and landscape
10.3.9. Sungrow Power Supply
10.3.9.1. Company overview
10.3.9.2. Key financials
10.3.9.3. Geographical presence
10.3.9.4. Product and Business Segments
10.3.9.5. Strategic initiatives
10.3.9.6. SWOT analysis
10.3.9.7. Competitive positioning and landscape
10.3.10. Ingeteam
10.3.10.1. Company overview
10.3.10.2. Key financials
10.3.10.3. Geographical presence
10.3.10.4. Product and Business Segments
10.3.10.5. Strategic initiatives
10.3.10.6. SWOT analysis
10.3.10.7. Competitive positioning and landscape
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