String inverters are used in residential, commercial & industrial, and utilities. Decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization are expected to drive the string inverter market. On the other hand, shading one panel reduces the efficiency of panels, along with heat losses due to the large size of the inverter, is the major restraint of the global string inverter market.
With regard to system type, the off-grid segment is estimated to grow at the fastest CAGR. Though off-grid technology is cheaper, the string inverter application is not very cost effective, which restricts the installation of string inverter at a large scale, such as three-phase string inverters.
In coming years, with declining solar module, inverter, and overall solar systems prices, off-grid string inverters are expected to gain momentum.
Asia-Pacific is expected to be the largest market for string inverters, with China and India being the biggest markets in the region. It is estimated to dominate the global market during the forecast period, owing to government targets, policy support (tax incentives and RPOs), incentives such as feed-in tariffs, and tenders & competitive bidding in the region.
- ABB Limited
- Chint Power Systems Co., Ltd.
- Delta Energy System Gmbh
- Fronius International Gmbh
- Ginlong Technologies
- Growatt New Energy Technology Co. Ltd.
- Huawei Technologies Co. Ltd
- Kaco New Energy Gmbh
- Samil Power Co., Ltd.
- Schneider Electric Solar
- SMA Solar Technology AG
- Solaredge Technologies, Inc.
- Solarmax Group
- Sungrow Power Supply Co., Ltd.
- Yaskawa - Solectria Solar
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 String Inverter Market, by Phase
7 String Inverter Market, by System Type
8 String Inverter Market, by End-User
9 String Inverter Market, by Power Rating
10 String Inverter Market, by Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/l32vf9/string_inverter
Research and Markets
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SOURCE Research and Markets