DUBLIN--(BUSINESS WIRE)--The "Global String Inverter Market, By Phase (Single and Three), By System Type (On-Grid and Off-Grid), By Power Rating (Up to 10kW, 11kW-40kW, 41kW-80kW, and Above 80kW), By End-User, By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.

The global string inverter market is expected to grow at a steady CAGR in the forecast period, 2023-2027

Factors such as the rise in demand for reliable and continuous energy generation and installation, along with long-scale utility projects and stringent government policies, are primarily driving the demand for the global string inverter market. Also, the increased adoption of solar energy and reduction of component costs are expected to contribute to global string inverter market growth.

The global string inverter market is segmented into phase, system type, power rating, end-user, regional distribution, and company. Based on regional analysis, Asia-Pacific dominates the market and is expected to maintain its dominance through the next five years.

Government initiatives and policies, including tax benefits and RPO for the installation of solar energy panels, are driving the market demand. An increase in demand for fuels emitting lower emissions boosts the global string inverter market demand.

Objective of the Study:

• To analyze historical growth in market size of global string inverter market from 2017 to 2021
• To estimate and forecast the market size of glo global string inverter market from 2022E to 2027F and growth rate until 2027F
• To classify and forecast global string inverter market based on phase, system type, power rating, end-user, regional distribution, and company
• To identify dominant region or segment in the global string inverter market
• To identify drivers and challenges for global string inverter market
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global string inverter market
• To identify and analyze the profile of leading players operating in global string inverter market
• To identify key sustainable strategies adopted by market players in global string inverter market

Competitive Landscape

Major companies are developing advanced technologies and launching new products to stay competitive in the market.

Company Profiles: Detailed analysis of the major companies present in global string inverter market.

• KACO New Energy GmbH
• Delta Energy Systems GmbH
• ABB Limited
• Fronius International GmbH
• SMA Solar Technology AG
• Huawei Technologies Co Ltd
• Solaredge Technologies, Inc
• Growatt New Energy Technology Co, Ltd
• Ginlong Technologies
• Solarmax Group

Report Scope:

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022E
• Forecast Period: 2023F-2027F

String Inverter Market, By Phase:

• Single
• Three

String Inverter Market, By System Type:

• On-Grid
• Off-Grid

String Inverter Market, By Power Rating:

• Up to 10kW
• 11kW-40kW
• 41kW-80kW
• Above 80kW

String Inverter Market, By End-User:

• Residential
• Commercial & Industrial
• Utilities

String Inverter Market, By Region:

North America

• United States
• Canada
• Mexico

Europe

• United Kingdom
• Germany
• France
• Spain
• Italy

Asia-Pacific

• China
• India
• Japan
• Australia
• South Korea

Middle East & Africa

• Saudi Arabia
• South Africa
• Iraq
• UAE

South America

• Brazil
• Argentina
• Colombia

For more information about this report visit https://www.researchandmarkets.com/r/gld63r

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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