String Inverter Market
PUBLISHED: 2020 ID: SMRC19890
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String Inverter Market

String Inverter - Global Market Outlook (2019-2027)

4.9 (68 reviews)
4.9 (68 reviews)
Published: 2020 ID: SMRC19890

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global String Inverter Market is 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.
 

String Inverter - Global Market Outlook (2019 -2027)


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.

Some of the key players in String Inverter Market include Schneider Electric Solar, ABB Limited, Delta Energy System GmbH, Huawei Technologies Co Ltd, Fronius International GmbH, Solarmax Group, Chint Power Systems, SMA Solar Technology AG, HyECO Power Tech, SolarEdge Technologies, Sungrow Power Supply Co Ltd, Samil Power Co Ltd, KACO New Energy GmbH, Growatt New Energy Technology Co Ltd, and Shenzhen SORO Electronics.
 
System Types Covered:
• Off-Grid
• On-Grid

Power Ratings Covered:
• Up to 10 kW
• 11 kW – 40 kW
• 41 kW – 80 kW
• Above 80 kW

Power Classes Covered:
• Single Phase
• Three Phase

Nominal Output Voltages Covered:
• ≤230 V
• 230 - 400 V
• >400 V

Types Covered:
• Multi-string
• Single-string

Nominal Output Powers Covered:
• >1500 W
• 500 - 1500 W
• ≤500 W

Applications Covered:
• Commercial
• Residential
• Industrial
• Utility

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary    
      
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology  
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions  
      
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 Force 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 
 12.1 Introduction   
 12.2 North America   
  12.2.1 US    
  12.2.2 Canada   
  12.2.3 Mexico   
 12.3 Europe    
  12.3.1 Germany   
  12.3.2 UK   
  12.3.3 Italy   
  12.3.4 France   
  12.3.5 Spain   
  12.3.6 Rest of Europe  
 12.4 Asia Pacific   
  12.4.1 Japan   
  12.4.2 China   
  12.4.3 India   
  12.4.4 Australia   
  12.4.5 New Zealand  
  12.4.6 South Korea  
  12.4.7 Rest of Asia Pacific  
 12.5 South America   
  12.5.1 Argentina   
  12.5.2 Brazil   
  12.5.3 Chile   
  12.5.4 Rest of South America 
 12.6 Middle East & Africa   
  12.6.1 Saudi Arabia  
  12.6.2 UAE   
  12.6.3 Qatar   
  12.6.4 South Africa  
  12.6.5 Rest of Middle East & Africa 
      
13 Key Developments    
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
 13.2 Acquisitions & Mergers  
 13.3 New Product Launch   
 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  


List of Tables     
1 Global String Inverter Market Outlook, By Region (2018-2027) ($MN)
2 Global String Inverter Market Outlook, By System Type (2018-2027) ($MN)
3 Global String Inverter Market Outlook, By Off-Grid (2018-2027) ($MN)
4 Global String Inverter Market Outlook, By On-Grid (2018-2027) ($MN)
5 Global String Inverter Market Outlook, By Power Rating (2018-2027) ($MN)
6 Global String Inverter Market Outlook, By Up to 10 kW (2018-2027) ($MN)
7 Global String Inverter Market Outlook, By 11 kW – 40 kW (2018-2027) ($MN)
8 Global String Inverter Market Outlook, By 41 kW – 80 kW (2018-2027) ($MN)
9 Global String Inverter Market Outlook, By Above 80 kW (2018-2027) ($MN)
10 Global String Inverter Market Outlook, By Power Class (2018-2027) ($MN)
11 Global String Inverter Market Outlook, By Single Phase (2018-2027) ($MN)
12 Global String Inverter Market Outlook, By Three Phase (2018-2027) ($MN)
13 Global String Inverter Market Outlook, By High Power (2018-2027) ($MN)
14 Global String Inverter Market Outlook, By Low Power (2018-2027) ($MN)
15 Global String Inverter Market Outlook, By Nominal Output Voltage (2018-2027) ($MN)
16 Global String Inverter Market Outlook, By ≤230 V (2018-2027) ($MN)
17 Global String Inverter Market Outlook, By 230 - 400 V (2018-2027) ($MN)
18 Global String Inverter Market Outlook, By >400 V (2018-2027) ($MN)
19 Global String Inverter Market Outlook, By Type (2018-2027) ($MN)
20 Global String Inverter Market Outlook, By Multi-string (2018-2027) ($MN)
21 Global String Inverter Market Outlook, By Single-string (2018-2027) ($MN)
22 Global String Inverter Market Outlook, By Nominal Output Power (2018-2027) ($MN)
23 Global String Inverter Market Outlook, By >1500 W (2018-2027) ($MN)
24 Global String Inverter Market Outlook, By 500 - 1500 W (2018-2027) ($MN)
25 Global String Inverter Market Outlook, By ≤500 W (2018-2027) ($MN)
26 Global String Inverter Market Outlook, By Application (2018-2027) ($MN)
27 Global String Inverter Market Outlook, By Commercial (2018-2027) ($MN)
28 Global String Inverter Market Outlook, By Government/Military (2018-2027) ($MN)
29 Global String Inverter Market Outlook, By College/University (2018-2027) ($MN)
30 Global String Inverter Market Outlook, By Office (2018-2027) ($MN)
31 Global String Inverter Market Outlook, By Residential (2018-2027) ($MN)
32 Global String Inverter Market Outlook, By Industrial (2018-2027) ($MN)
33 Global String Inverter Market Outlook, By Paper (2018-2027) ($MN)
34 Global String Inverter Market Outlook, By Food Processing (2018-2027) ($MN)
35 Global String Inverter Market Outlook, By Chemical (2018-2027) ($MN)
36 Global String Inverter Market Outlook, By Utility (2018-2027) ($MN)
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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