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$7.35 Billion String Inverter Market - Global Outlook to 2027: Refurbishment of the Existing Grid Network Propelling Growth -

·4-min read

The "String Inverter - Global Market Outlook (2019-2027)" report has been added to's offering.

Global String Inverter Market accounted for $3.36 billion in 2019 and is expected to reach $7.35 billion by 2027, growing at a CAGR of 10.3% during the forecast period.

Some of the key factors propelling the growth of the market are refurbishment of the existing grid network, growing energy demand, and investments in rural electrification. However, the availability of auxiliary technologies is the restraining factor for the growth of the market.

A string inverter is a device used with solar arrays to convert the DC energy that is generated to usable AC electricity for a home. They are connected to multiple solar panels forcing the performance to be equal to the worst performing panel.

By power rating, the 41 kW - 80 kW segment is expected to grow at a significant market share during the forecast period due to its compact size and lightweight and the ability to provide a higher level of protection in a harsh outdoor environment. Based on geography, Asia-Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the incentives such as feed-in traffics and tenders by various governments in the region.

What the report offers:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers Market data for the years 2018, 2019, 2020, 2024 and 2027

  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)

  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 Emerging Markets

3.8 Impact of COVID-19

4 Porters Five Forces Analysis

4.1 Bargaining Power of Suppliers

4.2 Bargaining Power of Buyers

4.3 Threat of Substitutes

4.4 Threat of New Entrants

4.5 Competitive Rivalry

5 Global String Inverter Market, By System Type

5.1 Introduction

5.2 Off-Grid

5.3 On-Grid

6 Global String Inverter Market, By Power Rating

6.1 Introduction

6.2 Up to 10 kW

6.3 11 kW - 40 kW

6.4 41 kW - 80 kW

6.5 Above 80 kW

7 Global String Inverter Market, By Power Class

7.1 Introduction

7.2 Single Phase

7.3 Three Phase

7.3.1 High Power

7.3.2 Low Power

8 Global String Inverter Market, By Nominal Output Voltage

8.1 Introduction

8.2 ?230 V

8.3 230 - 400 V

8.4 >400 V

9 Global String Inverter Market, By Type

9.1 Introduction

9.2 Multi-string

9.3 Single-string

10 Global String Inverter Market, By Nominal Output Power

10.1 Introduction

10.2 >1500 W

10.3 500 - 1500 W

10.4 ?500 W

11 Global String Inverter Market, By Application

11.1 Introduction

11.2 Commercial

11.2.1 Government/Military

11.2.2 College/University

11.2.3 Office

11.3 Residential

11.4 Industrial

11.4.1 Paper

11.4.2 Food Processing

11.4.3 Chemical

11.5 Utility

12 Global String Inverter Market, By Geography

13 Key Developments

13.1 Agreements, Partnerships, Collaborations and Joint Ventures

13.2 Acquisitions & Mergers

13.3 New Product Launches

13.4 Expansions

13.5 Other Key Strategies

14 Company Profiling

14.1 Schneider Electric Solar

14.2 ABB Limited

14.3 Delta Energy System GmbH

14.4 Huawei Technologies Co Ltd.

14.5 Fronius International GmbH

14.6 Solarmax Group

14.7 Chint Power Systems

14.8 SMA Solar Technology AG

14.9 HyECO Power Tech

14.10 SolarEdge Technologies

14.11 Sungrow Power Supply Co Ltd.

14.12 Samil Power Co Ltd.

14.13 KACO New Energy GmbH

14.14 Growatt New Energy Technology Co Ltd.

14.15 Shenzhen SORO Electronics

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