String Inverters Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: String Inverters Market covers analysis by Phase (Single Phase and Three Phase); System Type (On-Grid and Off-Grid); Power Rating (Up to 10kw, 11kw-40kw, 41kw-80kw and Above 80kw); and End-User (Residential, Commercial and Domestic Utilities), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPTE100001297
  • Category : Energy and Power
  • No. of Pages : 150
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String Inverters Market Opportunities 2031

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Inverters play very important role in converting electricity from solar panels. Solar panels provide direct current (DC) which is then converted into alternative current (AC) with the use of inverters. String Inverter takes the DC input from multiple panels and converts it into AC. String Inverter is one of the most widely accepted inverter around the world due its ease of installation and maintenance.

Growing use of string inverters coupled with increasing solar energy plants around the world, along with raising awareness regarding renewable energy sources are some of the major driving factors for the global string inverters market, meanwhile falling price of micro inverter and heat loss because of the large size of the inverter will act as some of the restraining factors for the market.

The "Global String Inverters Market Analysis to 2031" is a specialized and in-depth study of the string inverters industry with a focus on the global market trend. The report aims to provide an overview of global string inverters market with detailed market segmentation by system type, phase, power rating, end-user and geography. The global string inverters market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the string inverters market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global string inverters market based on by system type, phase, rating and end-user. It also provides market size and forecast till 2031 for overall string inverters market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the string inverters region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the string inverters market in these regions.

Also, key string inverters market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Delta Energy Systems GmbH, ABB Limited, Schneider Electric, Fronius International GmbH, KACO New Energy GmbH, Sungrow Power Supply Co., Ltd., Ningbo Ginlong Technologies, Chint Power Systems Co., Ltd., SMA Solar Technology AG, Huawei Technologies Co. Ltd. and Samil Power Co., Ltd. among others. REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance

2 Key Takeaways
3 String Inverters Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 String Inverters Market - By Phase
3.2.2 String Inverters Market - By System Type
3.2.3 String Inverters Market - By Power Rating
3.2.4 String Inverters Market - By End-User
3.2.5 String Inverters Market - By Region
3.2.5.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis

4 String Inverters Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis

5 String Inverters Market Analysis- Global
5.1 Global String Inverters Market Overview
5.2 Global String Inverters Market Forecasts and Analysis



6 String Inverters Market Revenue and Forecasts to 2028 - Phase
6.1 Overview
6.2 Phase String Inverters Market Forecasts and Analysis
6.3 Single Phase String Inverters Market
6.3.1 Overview
6.3.2 Single Phase String Inverters Market Forecasts and Analysis
6.4 Three Phase String Inverters Market
6.4.1 Overview
6.4.2 Three Phase String Inverters Market Forecasts and Analysis

7 String Inverters Market Revenue and Forecasts to 2028 - System Type
7.1 Overview
7.2 System Type Market Forecasts and Analysis
7.3 On-Grid String Inverters Market
7.3.1 Overview
7.3.2 On-Grid String Inverters Market Forecasts and Analysis
7.4 Off-Grid String Inverters Market
7.4.1 Overview
7.4.2 Off-Grid String Inverters Market Forecasts and Analysis

8 String Inverters Market Revenue and Forecasts to 2028 - Power Rating
8.1 Overview
8.2 Power Rating Market Forecasts and Analysis
8.3 Up to 10kw Power Rating Market
8.3.1 Overview
8.3.2 Up to 10kw Power Rating Market Forecasts and Analysis
8.4 11kw-40kw Power Rating Market
8.4.1 Overview
8.4.2 11kw-40kw Power Rating Market Forecasts and Analysis
8.5 41kw-80kw Power Rating Market
8.5.1 Overview
8.5.2 41kw-80kw Power Rating Market Forecasts and Analysis

8.6 Above 80kw Power Rating Market
8.6.1 Overview
8.6.2 Above 80kw Power Rating Market Forecasts and Analysis

9 String Inverters Market Revenue and Forecasts to 2028 - End-User
9.1 Overview
9.2 End-User Market Forecasts and Analysis
9.3 Residential String Inverters Market
9.3.1 Overview
9.3.2 Residential String Inverters Market Forecasts and Analysis
9.4 Commercial String Inverters Market
9.4.1 Overview
9.4.2 Commercial String Inverters Market Forecasts and Analysis
9.5 Utilities String Inverters Market
9.5.1 Overview
9.5.2 Utilities String Inverters Market Forecasts and Analysis

10 String Inverters Market Revenue and Forecasts to 2028 - Geographical Analysis
10.1 North America
10.1.1 North America String Inverters Market Overview
10.1.2 North America String Inverters Market Forecasts and Analysis
10.1.2.1 North America Market Forecasts and Analysis - By Countries
10.1.2.1.1 US market
10.1.2.1.2 Canada market
10.1.2.1.3 Mexico market
10.1.3 North America Market Forecasts and Analysis - By Phase
10.1.4 North America Market Forecasts and Analysis - By System Type
10.1.5 North America Market Forecasts and Analysis - By Power Rating
10.1.6 North America Market Forecasts and Analysis - By End-User
10.2 Europe
10.2.1 Europe String Inverters Market Overview
10.2.2 Europe String Inverters Market Forecasts and Analysis
10.2.2.1 Europe Market Forecasts and Analysis - By Countries
10.2.2.1.1 France market
10.2.2.1.2 Germany market
10.2.2.1.3 Italy market
10.2.2.1.4 Spain market
10.2.2.1.5 UK market
10.2.2.2 Europe Market Forecasts and Analysis - By Phase
10.2.2.3 Europe Market Forecasts and Analysis - By System Type
10.2.2.4 Europe Market Forecasts and Analysis - By Power Rating Type
10.2.2.5 Europe Market Forecasts and Analysis - By End-User
10.3 Asia pacific (APAC)
10.3.1 Asia Pacific String Inverters Market Overview
10.3.2 Asia Pacific String Inverters Market Forecasts and Analysis
10.3.2.1 Asia Pacific Market Forecasts and Analysis - By Countries
10.3.2.1.1 Australia market
10.3.2.1.2 China market
10.3.2.1.3 India market
10.3.2.1.4 Japan market
10.3.3 Asia Pacific Market Forecasts and Analysis - By Phase
10.3.4 Asia Pacific Market Forecasts and Analysis - By System Type
10.3.5 Asia Pacific Market Forecasts and Analysis - By Power Rating
10.3.6 Asia Pacific Market Forecasts and Analysis - By End-User
10.4 Middle East and Africa (MEA)
10.4.1 Middle East and Africa String Inverters Market Overview
10.4.2 Middle East and Africa String Inverters Market Forecasts and Analysis
10.4.2.1 Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.2.1.1 South Africa market
10.4.2.1.2 Saudi Arabia market
10.4.2.1.3 UAE market
10.4.3 Middle East and Africa Market Forecasts and Analysis - By Phase
10.4.4 Middle East and Africa Market Forecasts and Analysis - By System Type
10.4.5 Middle East and Africa Market Forecasts and Analysis - By Power Rating
10.4.6 Middle East and Africa Market Forecasts and Analysis - By End-User
10.5 South America (SAM)
10.5.1 South America String Inverters Market Overview
10.5.2 South America String Inverters Market Forecasts and Analysis
10.5.2.1 South America Market Forecasts and Analysis - By Countries
10.5.2.1.1 Brazil market
10.5.3 South America Market Forecasts and Analysis - By Phase
10.5.4 South America Market Forecasts and Analysis - By System Type
10.5.5 South America Market Forecasts and Analysis - By Power Rating
10.5.6 South America Market Forecasts and Analysis - By End-User

11 Industry Landscape
11.1 Mergers & acquisitions
11.2 Market Initiatives
11.3 New developments
11.4 Investment scenarios

12 Competitive Landscape
12.1 Competitive Product mapping
12.2 Market Positioning/ Market Share

13 String Inverters Market, Key Company Profiles
13.1 Delta Energy Systems GmbH
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 ABB Limited
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Schneider Electric
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fronius International GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 KACO New Energy GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sungrow Power Supply Co., Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Ningbo Ginlong Technologies
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Chint Power Systems Co., Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 SMA Solar Technology AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Huawei Technologies Co. Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14 Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Research Methodology
The List of Companies

1. Delta Energy Systems GmbH
2. ABB Limited
3. Schneider Electric
4. Fronius International GmbH
5. KACO New Energy GmbH
6. Sungrow Power Supply Co., Ltd.
7. Ningbo Ginlong Technologies
8. Chint Power Systems Co., Ltd.
9. SMA Solar Technology AG
10. Huawei Technologies Co. Ltd.
11. Samil Power Co., Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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