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

Coverage: String Inverter Market covers analysis By System Type (On-Grid, Off-Grid); Phase (Single Phase, Three Phase); End Use (Residential, Commercial, Industrial, Utilities) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00027556
  • Category : Energy and Power
  • No. of Pages : 150

String Inverter Market Dynamics 2021-2031

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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.

    String Inverter Market Report Analysis

    String Inverter Market
    • CAGR
      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

    Regional Overview
    • North America
    • Europe
    • Asia-Pacific
    • South and Central America
    • Middle East and Africa

    Market Segmentation

    Market Segment By System Type
    • On-Grid
    • Off-Grid
    Market Segment By Phase
    • Single Phase
    • Three Phase
    Market Segment By End Use
    • Residential
    • Commercial
    • Industrial
    • Utilities
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    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.

    •  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
      By Phase
      • Single Phase
      • Three Phase
      By End Use
      • Residential
      • Commercial
      • Industrial
      • Utilities
      Regions and Countries Covered North America
      • US
      • Canada
      • Mexico
      Europe
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
      Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • Rest of Asia-Pacific
      South and Central America
      • Brazil
      • Argentina
      • Rest of South and Central America
      Middle East and Africa
      • 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
      • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • 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.

    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

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