MARKET INTRODUCTION
A String Inverter is an inverter which is connected to a series of solar panels which combines all the direct current (DC) received from all the individual solar panels and converts it into alternating current (AC). Most commonly, string inverters are used in residential and commercial applications, but are increasingly used in small utility projects across the globe.
MARKET SCOPE
The "Global String Inverter Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the String Inverter Market with detailed market segmentation by system type, by phase, by end use and by region. The String Inverter Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading String Inverter Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The String Inverter Market has been segmented into by system type, by phase, and by end use. By system type the market has been bifurcated into on-grid and off-grid. By phase the market has been bifurcated into single phase and three phase. By end use the market has been bifurcated into residential, commercial, industrial and utilities.
MARKET DYNAMICS
Growth Factors
Rapid growth in renewable energy sector
Low operation costs
Reliability, affordability
Restraints
Heat loss in large scale projects
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The String Inverter Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the String Inverter Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the String Inverter Market in these regions.
Impact of Covid-19 on String Inverter Market
The Covid-19 pandemic had a significant impact on the String Inverter Market. Due to the rise in the covid-19 cases and restrictions and lockdowns imposed the market was adversely affected. There was a delay in the manufacturing of new inverters due to lockdown and availability of raw materials which has negatively affected the market to an extent. Lockdowns and travel restrictions imposed by governments disrupted the global supply chain, which ultimately impacted the production of current transformers. Since 2021, after the restrictions have started lifting the String Inverter Market is expected to show a steady growth in the coming years.
By System Type
By Phase
By End Use
MARKET PLAYERS
The report covers vital developments in the String Inverter Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the String Inverter Market are anticipated to have lucrative growth opportunities in the future with the rising demand for String Inverter Market. Below mentioned is the list of a few companies engaged in the String Inverter Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the String Inverter Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
A String Inverter is an inverter which is connected to a series of solar panels which combines all the direct current (DC) received from all the individual solar panels and converts it into alternating current (AC). Most commonly, string inverters are used in residential and commercial applications, but are increasingly used in small utility projects across the globe.
MARKET SCOPE
The "Global String Inverter Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the String Inverter Market with detailed market segmentation by system type, by phase, by end use and by region. The String Inverter Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading String Inverter Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The String Inverter Market has been segmented into by system type, by phase, and by end use. By system type the market has been bifurcated into on-grid and off-grid. By phase the market has been bifurcated into single phase and three phase. By end use the market has been bifurcated into residential, commercial, industrial and utilities.
MARKET DYNAMICS
Growth Factors
Restraints
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The String Inverter Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the String Inverter Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the String Inverter Market in these regions.
Impact of Covid-19 on String Inverter Market
The Covid-19 pandemic had a significant impact on the String Inverter Market. Due to the rise in the covid-19 cases and restrictions and lockdowns imposed the market was adversely affected. There was a delay in the manufacturing of new inverters due to lockdown and availability of raw materials which has negatively affected the market to an extent. Lockdowns and travel restrictions imposed by governments disrupted the global supply chain, which ultimately impacted the production of current transformers. Since 2021, after the restrictions have started lifting the String Inverter Market is expected to show a steady growth in the coming years.
String Inverter Market Report Analysis
String Inverter Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Siemens AG
- Huawei Technologies Co. Ltd.
- SMA Solar Technology AG
- Ningbo Ginlong Technologies
- ABB Limited
- KACO New Energy Gmbh
- Delta Energy Systems Gmbh
- SolarMax
- Chint group
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By System Type
- On-Grid
- Off-Grid
By Phase
- Single Phase
- Three Phase
By End Use
- Residential
- Commercial
- Industrial
- Utilities
The report covers vital developments in the String Inverter Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the String Inverter Market are anticipated to have lucrative growth opportunities in the future with the rising demand for String Inverter Market. Below mentioned is the list of a few companies engaged in the String Inverter Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the String Inverter Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Siemens AG
- Huawei Technologies Co. Ltd.
- SMA Solar Technology AG
- Ningbo Ginlong Technologies
- ABB Limited
- KACO New Energy Gmbh
- Delta Energy Systems Gmbh
- SolarMax
- Chint group
- FIMER S.p.A
String Inverter Market Report Scope
Report Attribute Details Market size in 2023 US$ XX Million Market Size by 2031 US$ XX Million Global CAGR (2023 - 2031) XX% Historical Data 2021-2022 Forecast period 2024-2031 Segments Covered By System Type - On-Grid
- Off-Grid
- Single Phase
- Three Phase
- Residential
- Commercial
- Industrial
- Utilities
Regions and Countries Covered North America - US
- Canada
- Mexico
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Brazil
- Argentina
- Rest of South and Central America
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles - Siemens AG
- Huawei Technologies Co. Ltd.
- SMA Solar Technology AG
- Ningbo Ginlong Technologies
- ABB Limited
- KACO New Energy Gmbh
- Delta Energy Systems Gmbh
- SolarMax
- Chint group
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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The List of Companies
1.Siemens AG
2.Huawei Technologies Co. Ltd.
3.SMA Solar Technology AG
4.Ningbo Ginlong Technologies
5.ABB Limited
6.KACO New Energy Gmbh
7.Delta Energy Systems Gmbh
8.SolarMax
9.Chint group
10.FIMER S.p.A
1.Siemens AG
2.Huawei Technologies Co. Ltd.
3.SMA Solar Technology AG
4.Ningbo Ginlong Technologies
5.ABB Limited
6.KACO New Energy Gmbh
7.Delta Energy Systems Gmbh
8.SolarMax
9.Chint group
10.FIMER S.p.A
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