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市場調查報告書
商品編碼
1561625

依連接類型（併網、離網）、相（單相、三相）、額定功率（高達 10kW、11kW 至 40kW、41kW 至 80kW、80kW 以上）、最終用途（住宅、商業和工業、公用事業）和地區2024-2032

String Inverter Market Report by Connection Type (On-Grid, Off-Grid), Phase (Single Phase, Three Phase), Power Rating (Up to 10kW, 11kW to 40kW, 41kW to 80kW, Above 80kW), End Use (Residential, Commercial and Industrial, Utilities), and Region 2024-2032
出版日期: | 出版商: IMARC | 英文 148 Pages | 商品交期: 2-3個工作天內

價格

2023年全球組串式逆變器市場IMARC Group達38億美元。再生能源的日益普及、對節能技術的需求不斷成長、有利的政府政策和激勵措施、逆變器技術的重大進步、智慧電網技術的整合以及微電網的日益普及推動了市場的發展。

組串式逆變器市場分析：

  • 主要市場促進因素：再生能源的採用不斷增加、對節能技術的需求不斷成長以及有利的政府政策和激勵措施是該行業的一些主要市場促進因素。
  • 主要市場趨勢：一些主要市場趨勢包括智慧電網技術的整合、微電網的日益普及以及對分散式能源的日益關注。
  • 地理趨勢：快速的城市化和工業化、有利的政府舉措和對太陽能的支持，以及對再生能源基礎設施投資的增加，正在推動整個亞太地區的組串式逆變器需求。
  • 競爭格局：組串式逆變器產業的主要市場參與者包括ABB有限公司、正泰電源系統、台達電子（泰國）PCL、Fronius International GmbH、錦浪科技有限公司、華為技術有限公司、施耐德電氣SE 、西門子股份公司、SMA Solar Technology AG、SolarEdge Technologies Inc.、SOLARMAX GmbH 及陽光電源股份有限公司等。
  • 挑戰與機會：一些挑戰包括高昂的初始安裝成本、來自替代逆變器技術的競爭以及與組串逆變器相關的不確定性。然而，不斷擴大的屋頂太陽能裝置市場、逆變器設計的重大技術進步以及對分散式發電的需求不斷增加是串式逆變器市場近期的一些主要機會。

組串式逆變器市場趨勢：

增加再生能源的採用

全球串式逆變器市場主要受到再生能源（尤其是太陽能）的日益採用的推動。根據國際再生能源機構(IRENA) 的數據，儘管突如其來的COVID-19 大流行，2020 年可再生能源裝置容量仍超過260 吉瓦，對組串式逆變器市場的成長產生了積極影響。世界各國政府正在實施促進清潔能源使用的政策和激勵措施，旨在減少溫室氣體排放並應對氣候變遷。因此，太陽能光伏（PV）系統的安裝大幅增加，該系統依靠組串逆變器將太陽能電池板產生的直流電（DC）轉換為交流電（AC）以供家庭和企業使用。出於環境問題和對永續能源解決方案的需求，必須向再生能源過渡。太陽能裝置的增加直接影響了對組串逆變器的需求，因為它們是太陽能發電系統的重要組成部分。

對節能技術的需求不斷成長

對節能技術的需求不斷成長是推動全球組串逆變器市場的另一個關鍵因素。能源效率已成為消費者和企業關注的重點領域，旨在減少能源消耗、降低營運成本並最大限度地減少環境足跡。據國際能源總署 (IEA) 稱，到 2040 年，提高能源效率可以減少 40% 以上的能源相關溫室氣體排放量，從而實現全球氣候目標。器實現永續發展目標。組串式逆變器透過以最小的損耗最大限度地將直流電轉換為交流電，在提高太陽能光電系統的能源效率方面發揮著至關重要的作用，從而創造了積極的組串式逆變器市場前景。

有利的政府政策和激勵措施

有利的政府政策和激勵措施對於創造積極的組串式逆變器市場前景至關重要。世界各國政府正在採取各種措施鼓勵採用再生能源並支持部署太陽能系統。這些措施包括補貼、稅收抵免、上網電價補貼和再生能源證書，所有這些都使太陽能裝置在經濟上更具吸引力，並為更廣泛的受眾所接受。在許多國家，太陽能政策旨在實現雄心勃勃的再生能源目標並減少對化石燃料的依賴。例如，歐盟設定了到 2030 年實現 32% 的能源來自再生能源的目標。

組串式逆變器市場區隔：

IMARC Group提供了每個細分市場的主要趨勢的分析，以及 2024-2032 年全球、區域和國家層面的預測。我們的報告根據連接類型、相位、額定功率和最終用途對市場進行了分類。

按連線類型分類：

  • 並網
  • 離網

併網佔據大部分市場佔有率

該報告根據連接類型對市場進行了詳細的細分和分析。這包括併網和離網。報告稱，併網是最大的細分市場。

併網逆變器由於與現有電網融合，擁有最大的組串式逆變器市場佔有率，保證了可靠、持續的供電。併網系統允許將太陽能電池板產生的多餘電力反饋回電網，從而提供淨計量等財政激勵措施。這種連接方式在已經建立電網基礎設施的城市和郊區非常受歡迎，使其更具成本效益和效率。此外，併網系統受益於政府促進再生能源整合的激勵措施和政策，進一步推動其在市場上的主導地位。

按階段分類：

  • 單相
  • 三相

三相佔行業最大佔有率

組串式逆變器市場報告還提供了基於階段的詳細市場區隔和分析。這包括單相和三相。報告稱，三相佔據了最大的市場佔有率。

由於三相逆變器效率高且適合大規模商業和工業太陽能裝置，因此三相逆變器市場是串式逆變器市場中最大的市場。三相逆變器可處理更高的功率負載並提供更平衡的電源，使其成為需要大量能量輸出的應用的理想選擇。它們減少功率損耗和提高電網穩定性的能力進一步提高了它們的採用率。此外，工業領域對再生能源解決方案的需求不斷成長，通常需要強大且可靠的電力系統，這有助於三相領域佔據市場主導地位。

按額定功率分類：

  • 高達10kW
  • 11kW至40kW
  • 41kW至80kW
  • 80kW以上

41kW至80kW代表領先的細分市場

該報告根據額定功率對市場進行了詳細的細分和分析。其中包括 10kW 以下、11kW 至 40kW、41kW 至 80kW、80kW 以上。報告稱，41kW至80kW是最大的細分市場。

41kW 至 80kW 額定功率細分市場是組串式逆變器市場中最大的細分市場，因為它在商業和工業應用中實現了容量和效率的最佳平衡。這些逆變器非常適合中型安裝，例如商業建築、工廠和大型住宅項目，這些場合需要更高的功率輸出和可靠的性能。它們的可擴展性和成本效益使它們成為尋求最大化能源生產同時最小化安裝和營運成本的企業的首選。根據組串式逆變器市場預測，由於對強大、高效的太陽能解決方案的需求不斷成長，該細分市場佔據了重要的市場佔有率。

按最終用途細分：

  • 住宅
  • 商業和工業
  • 公用事業

公用事業在市場上表現出明顯的主導地位

報告還提供了基於最終用途的詳細市場細分和分析。這包括住宅、商業和工業以及公用事業。報告稱，公用事業佔據了最大的市場佔有率。

以最終用途計算，公用事業是串聯逆變器市場中最大的部分，因為它們管理大規模太陽能發電裝置，需要大容量逆變器來有效轉換和分配能源。這些公用事業規模的專案受益於規模經濟，推動了對先進組串逆變器的巨大需求。此外，為滿足監管目標並減少碳足跡向再生能源轉型，導致公用事業公司大力投資太陽能基礎設施。這項投資確保了對組串式逆變器的穩定和大量需求，鞏固了公用事業公司在市場上的主導地位。

按地區分類：

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲

亞太地區引領市場，佔據最大組串式逆變器市場佔有率

該報告還對所有主要區域市場進行了全面分析，其中包括北美（美國和加拿大）；歐洲（德國、法國、英國、義大利、西班牙、俄羅斯等）；亞太地區（中國、日本、印度、韓國、澳洲、印尼等）；拉丁美洲（巴西、墨西哥等）；以及中東和非洲。報告稱，亞太地區是組串式逆變器最大的區域市場。

由於快速的城市化、工業化以及促進再生能源的重大政府舉措，亞太地區成為全球組串逆變器市場最大的部分。中國和印度等國家實施了雄心勃勃的太陽能目標，並對太陽能基礎設施進行了大量投資。該地區豐富的太陽能潛力，加上太陽能光電系統成本的下降，進一步推動了採用。此外，支持性政策、補貼和有利的監管框架也促進了市場成長。除此之外，亞太地區也受惠於人們對環境永續性的認知不斷增強以及減少碳排放的迫切需要，這推動了政府和私營部門對太陽能的投資。該地區強勁的經濟成長增加了能源需求，鼓勵採用高效和再生能源。

（請注意，這只是關鍵參與者的部分列表，報告中提供了完整列表。）

  • 組串式逆變器市場的最新發展包括增加研發投資以提高逆變器效率和性能，以及推出具有即時監控、智慧電網相容性和增強耐用性等先進功能的創新產品。這些參與者也正在擴大生產能力並建立策略夥伴關係和協作，以擴大其市場覆蓋範圍。此外，主要參與者正致力於透過建立本地製造單位和服務中心來擴大其地理影響力，特別是在亞太地區等新興市場。他們也積極參與為安裝人員和最終用戶提供全面的售後服務和培訓計劃，確保其產品的最佳使用和維護。這些努力共同促進了全球組串逆變器市場的成長。 。

群組串式逆變器市場新聞：

  • 2023 年 10 月 6 日：全球再生能源解決方案領導者陽光電源 (SUNGROW) 在 REI 2023 期間在印度推出新產品，以支援國家的能源轉型。這些解決方案還包括新一代 320kW 組串式逆變器 SG320HX-20。

本報告回答的關鍵問題：

  • 迄今為止，全球組串式逆變器市場表現如何，未來幾年將如何表現？
  • 全球組串式逆變器市場的促進因素、限制因素和機會是什麼？
  • 每個促進因素、限制因素和機會對全球組串逆變器市場有何影響？
  • 主要區域市場有哪些？
  • 哪些國家代表了最具吸引力的組串式逆變器市場？
  • 根據連結類型分類的市場是怎樣的？
  • 組串式逆變器市場中哪種連接類型最具吸引力？
  • 市場按階段分類是怎樣的？
  • 組串式逆變器市場哪個階段最具吸引力？
  • 根據額定功率分類的市場是怎麼樣的？
  • 組串式逆變器市場中哪個額定功率最具吸引力？
  • 根據最終用途分類的市場是怎樣的？
  • 組串式逆變器市場中最具吸引力的最終用途是什麼？
  • 市場競爭結構如何？
  • 全球組串式逆變器市場的主要參與者/公司有哪些？

本報告回答的關鍵問題：

  • 迄今為止，全球組串式逆變器市場表現如何，未來幾年將如何表現？
  • 全球組串式逆變器市場的促進因素、限制因素和機會是什麼？
  • 每個促進因素、限制因素和機會對全球組串逆變器市場有何影響？
  • 主要區域市場有哪些？
  • 哪些國家代表了最具吸引力的組串式逆變器市場？
  • 根據連結類型分類的市場是怎樣的？
  • 組串式逆變器市場中哪種連接類型最具吸引力？
  • 市場按階段分類是怎樣的？
  • 組串式逆變器市場哪個階段最具吸引力？
  • 根據額定功率分類的市場是怎麼樣的？
  • 組串式逆變器市場中哪個額定功率最具吸引力？
  • 根據最終用途分類的市場是怎樣的？
  • 組串式逆變器市場中最具吸引力的最終用途是什麼？
  • 市場競爭結構如何？
  • 全球組串式逆變器市場的主要參與者/公司有哪些？

目錄

第1章：前言

第 2 章：範圍與方法

  • 研究目的
  • 利害關係人
  • 數據來源
    • 主要來源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章：執行摘要

第 4 章：簡介

  • 概述
  • 主要行業趨勢

第 5 章：全球組串式逆變器市場

  • 市場概況
  • 市場表現
  • COVID-19 的影響
  • 市場預測

第 6 章：市場區隔：按連結類型

  • 並網
    • 市場趨勢
    • 市場預測
  • 離網
    • 市場趨勢
    • 市場預測

第 7 章：市場區隔：依階段

  • 單相
    • 市場趨勢
    • 市場預測
  • 三相
    • 市場趨勢
    • 市場預測

第 8 章：市場區隔：按額定功率

  • 高達10kW
    • 市場趨勢
    • 市場預測
  • 11kW至40kW
    • 市場趨勢
    • 市場預測
  • 41kW至80kW
    • 市場趨勢
    • 市場預測
  • 80kW以上
    • 市場趨勢
    • 市場預測

第 9 章：市場區隔：最終用途別

  • 住宅
    • 市場趨勢
    • 市場預測
  • 商業和工業
    • 市場趨勢
    • 市場預測
  • 公用事業
    • 市場趨勢
    • 市場預測

第 10 章：市場區隔：按地區

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲
    • 市場趨勢
    • 市場細分：按國家/地區
    • 市場預測

第 11 章：SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 12 章：價值鏈分析

第 13 章：波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 14 章：價格分析

第15章：競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • ABB Ltd.
    • Chint Power Systems
    • Delta Electronics (Thailand) PCL
    • Fronius International GmbH
    • Ginlong Technologies Co. Ltd.
    • Huawei Technologies Co. Ltd.
    • Schneider Electric SE
    • Siemens AG
    • SMA Solar Technology AG
    • SolarEdge Technologies Inc.
    • SOLARMAX GmbH
    • Sungrow Power Supply Co. Ltd.
Product Code: SR112024A4638

The global string inverter market size reached US$ 3.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032. The market is propelled by the increasing adoption of renewable energy sources, rising demand for energy-efficient technologies, favorable government policies and incentives, significant advancements in inverter technology, integration of smart grid technology, and growing popularity of microgrids.

String Inverter Market Analysis:

  • Major Market Drivers: Increasing adoption of renewable energy sources, rising demand for energy-efficient technologies, and favorable government policies and incentives, are some of the major market drivers of the industry.
  • Key Market Trends: Some of the key market trends include integration of smart grid technology, increasing popularity of microgrids, and increasing focus on distributed energy resources.
  • Geographical Trends: Rapid urbanization and industrialization, favorable government initiatives and supporting solar energy, and increasing investments in renewable energy infrastructure are propelling the string inverter demand across the Asia Pacific region.
  • Competitive Landscape: Some of the major market players in the string inverter industry include ABB Ltd., Chint Power Systems, Delta Electronics (Thailand) PCL, Fronius International GmbH, Ginlong Technologies Co. Ltd., Huawei Technologies Co. Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc., SOLARMAX GmbH and Sungrow Power Supply Co. Ltd., among many others.
  • Challenges and Opportunities: Some of the challenges include high initial costs of installation, competition from alternative inverter technologies, and uncertainties related to string inverters. Whereas, expanding market for rooftop solar installations, significant technological advancements in inverter design, and increasing demand for decentralized power generation are some of the major string inverter market recent opportunities.

String Inverter Market Trends:

Increasing Adoption of Renewable Energy Sources

The global string inverter market is significantly driven by the increasing adoption of renewable energy sources, particularly solar power. According to the INTERNATIONAL RENEWABLE ENERGY AGENCY (IRENA), the despite the sudden COVID-19 pandemic, more than 260 GW of renewable energy capacity were installed in 2020, positively impacting the string inverter market growth. Governments worldwide are implementing policies and incentives to promote the use of clean energy, aiming to reduce greenhouse gas emissions and combat climate change. As a result, there has been a substantial increase in the installation of solar photovoltaic (PV) systems, which rely on string inverters to convert the direct current (DC) generated by solar panels into alternating current (AC) for use in homes and businesses. The transition to renewable energy is a necessity driven by environmental concerns and the need for sustainable energy solutions. This rise in solar installations directly impacts the demand for string inverters, as they are essential components in solar power systems.

Increasing Demand for Energy-Efficient Technologies

The rising demand for energy-efficient technologies is another crucial factor driving the global string inverter market. Energy efficiency has become a key focus area for both consumers and businesses aiming to reduce energy consumption, lower operational costs, and minimize their environmental footprint. According to the INTERNATIONAL ENERGY AGENCY (IEA), improving energy efficiency could deliver more than 40% of the reduction in energy-related greenhouse gas emissions needed to meet global climate goals by the year 2040. This underscores the importance of energy-efficient technologies such as string inverters in achieving sustainability targets. String inverters play a vital role in enhancing the energy efficiency of solar PV systems by maximizing the conversion of DC power to AC power with minimal losses, thereby creating a positive string inverter market outlook.

Favorable Government Policies and Incentives

Favorable government policies and incentives are pivotal in creating a positive string inverter market overview. Governments around the world are implementing various measures to encourage the adoption of renewable energy and support the deployment of solar power systems. These measures include subsidies, tax credits, feed-in tariffs, and renewable energy certificates, all of which make solar installations more financially attractive and accessible to a broader audience. In many countries, solar energy policies are designed to achieve ambitious renewable energy targets and reduce dependence on fossil fuels. For instance, the European Union has set a target to achieve 32% of its energy from renewable sources by 2030. Such initiatives drive the adoption of solar PV systems, consequently contributing to a positive string inverter market revenue.

String Inverter Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on connection type, phase, power rating, and end use.

Breakup by Connection Type:

  • On-Grid
  • Off-Grid

On-grid accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the connection type. This includes on-grid and off-grid. According to the report, on-grid represented the largest segment.

The on-grid holds the largest string inverter market share due to its integration with the existing power grid, which ensures a reliable and continuous power supply. On-grid systems allow for the excess electricity generated by solar panels to be fed back into the grid, providing financial incentives such as net metering. This connection type is highly favored in urban and suburban areas where grid infrastructure is already established, making it more cost-effective and efficient. Additionally, on-grid systems benefit from government incentives and policies promoting renewable energy integration, further driving their dominance in the market.

Breakup by Phase:

  • Single Phase
  • Three Phase

Three phase holds the largest share of the industry

A detailed breakup and analysis of the market based on the phase have also been provided in the string inverter market report. This includes single phase and three phase. According to the report, three phase accounted for the largest market share.

The three-phase segment is the largest in the string inverter market due to its high efficiency and suitability for large-scale commercial and industrial solar installations. Three-phase inverters handle higher power loads and provide a more balanced power supply, making them ideal for applications requiring substantial energy output. Their ability to reduce power losses and improve the stability of the electrical grid further enhances their adoption. Additionally, the growing demand for renewable energy solutions in industrial sectors, which often require robust and reliable power systems, contributes to the dominance of the three-phase segment in the market.

Breakup by Power Rating:

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

41kW to 80kW represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the power rating. This includes up to 10kW, 11kW to 40 kW, 41kW to 80kW, above 80kW. According to the report, 41 kW to 80kW represented the largest segment.

The 41kW to 80kW power rating segment is the largest in the string inverter market due to its optimal balance of capacity and efficiency for commercial and industrial applications. These inverters are highly suitable for medium-sized installations, such as commercial buildings, factories, and large-scale residential projects, where higher power output and reliable performance are essential. Their scalability and cost-effectiveness make them a preferred choice for businesses seeking to maximize energy production while minimizing installation and operational costs. According to the string inverter market forecast, this segment accounted for a significant market share, driven by the growing demand for robust and efficient solar power solutions.

Breakup by End Use:

  • Residential
  • Commercial and Industrial
  • Utilities

Utilities exhibits a clear dominance in the market

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes residential, commercial and industrial, and utilities. According to the report, utilities accounted for the largest market share.

Utilities are the largest segment in the string inverter market by end use because they manage large-scale solar power installations, which require high-capacity inverters to efficiently convert and distribute energy. These utility-scale projects benefit from economies of scale, driving significant demand for advanced string inverters. Additionally, the transition toward renewable energy sources to meet regulatory targets and reduce carbon footprints has led utilities to invest heavily in solar infrastructure. This investment ensures a steady and substantial demand for string inverters, cementing utilities as the dominant segment in the market.

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Asia Pacific leads the market, accounting for the largest string inverter market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest regional market for string inverter.

Asia Pacific is the largest segment in the global string inverter market due to rapid urbanization, industrialization, and significant government initiatives promoting renewable energy. Countries such as China and India have implemented ambitious solar energy targets and substantial investments in solar infrastructure. The abundant solar potential of the region, combined with declining costs of solar PV systems, further drives adoption. Additionally, supportive policies, subsidies, and favorable regulatory frameworks enhance market growth. Besides this, the Asia Pacific region also benefits from a growing awareness about environmental sustainability and the urgent need to reduce carbon emissions, which drives both governmental and private sector investments in solar energy. The robust economic growth in this region increases energy demand, encouraging the adoption of efficient and renewable energy sources.

Competitive Landscape:

  • The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major string inverter companies include ABB Ltd., Chint Power Systems, Delta Electronics (Thailand) PCL, Fronius International GmbH, Ginlong Technologies Co. Ltd., Huawei Technologies Co. Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc., SOLARMAX GmbH and Sungrow Power Supply Co. Ltd.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

  • String inverter market recent developments include rising investments in research and development to enhance inverter efficiency and performance and introduction of innovative products with advanced features such as real-time monitoring, smart grid compatibility, and enhanced durability. These players are also expanding their production capacities and establishing strategic partnerships and collaborations to increase their market reach. Additionally, key players are focusing on expanding their geographical presence, particularly in emerging markets such as Asia Pacific, by setting up local manufacturing units and service centers. They are also actively involved in providing comprehensive after-sales services and training programs to installers and end-users, ensuring the optimal use and maintenance of their products. These efforts collectively bolster the growth of the global string inverter market. .

String Inverter Market News:

  • October 6 2023: SUNGROW, a global leader in renewable energy solutions, has launched new products in India during REI 2023 to support the energy transition of the nation. These solutions also include a new generation 320kW string inverter SG320HX-20.

Key Questions Answered in This Report:

  • How has the global string inverter market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global string inverter market?
  • What is the impact of each driver, restraint, and opportunity on the global string inverter market?
  • What are the key regional markets?
  • Which countries represent the most attractive string inverter market?
  • What is the breakup of the market based on the connection type?
  • Which is the most attractive connection type in the string inverter market?
  • What is the breakup of the market based on the phase?
  • Which is the most attractive phase in the string inverter market?
  • What is the breakup of the market based on the power rating?
  • Which is the most attractive power rating in the string inverter market?
  • What is the breakup of the market based on the end use?
  • Which is the most attractive end use in the string inverter market?
  • What is the competitive structure of the market?
  • Who are the key players/companies in the global string inverter market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global String Inverter Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Connection Type

  • 6.1 On-Grid
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Off-Grid
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Phase

  • 7.1 Single Phase
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Three Phase
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Power Rating

  • 8.1 Up to 10kW
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 11kW to 40kW
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 41kW to 80kW
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Above 80kW
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast

9 Market Breakup by End Use

  • 9.1 Residential
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Commercial and Industrial
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Utilities
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 ABB Ltd.
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 Chint Power Systems
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
    • 15.3.3 Delta Electronics (Thailand) PCL
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 Fronius International GmbH
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
    • 15.3.5 Ginlong Technologies Co. Ltd.
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 Financials
    • 15.3.6 Huawei Technologies Co. Ltd.
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
    • 15.3.7 Schneider Electric SE
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Siemens AG
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 SMA Solar Technology AG
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
      • 15.3.9.3 Financials
      • 15.3.9.4 SWOT Analysis
    • 15.3.10 SolarEdge Technologies Inc.
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
    • 15.3.11 SOLARMAX GmbH
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
    • 15.3.12 Sungrow Power Supply Co. Ltd.
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
      • 15.3.12.3 Financials

List of Figures

  • Figure 1: Global: String Inverter Market: Major Drivers and Challenges
  • Figure 2: Global: String Inverter Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: String Inverter Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: String Inverter Market: Breakup by Connection Type (in %), 2023
  • Figure 5: Global: String Inverter Market: Breakup by Phase (in %), 2023
  • Figure 6: Global: String Inverter Market: Breakup by Power Rating (in %), 2023
  • Figure 7: Global: String Inverter Market: Breakup by End Use (in %), 2023
  • Figure 8: Global: String Inverter Market: Breakup by Region (in %), 2023
  • Figure 9: Global: String Inverter (On-Grid) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 10: Global: String Inverter (On-Grid) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 11: Global: String Inverter (Off-Grid) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: String Inverter (Off-Grid) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: String Inverter (Single Phase) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: String Inverter (Single Phase) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: String Inverter (Three Phase) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: String Inverter (Three Phase) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: String Inverter (Up to 10kW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: String Inverter (Up to 10kW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: String Inverter (11kW to 40kW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: String Inverter (11kW to 40kW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: String Inverter (41kW to 80kW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: String Inverter (41kW to 80kW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: String Inverter (Above 80kW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: String Inverter (Above 80kW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: String Inverter (Residential) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: String Inverter (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: String Inverter (Commercial and Industrial) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: String Inverter (Commercial and Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: String Inverter (Utilities) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: String Inverter (Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: North America: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: North America: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: United States: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: United States: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: Canada: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: Canada: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: Asia-Pacific: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: Asia-Pacific: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: China: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: China: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Japan: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Japan: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: India: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: India: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: South Korea: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: South Korea: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: Australia: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: Australia: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: Indonesia: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: Indonesia: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: Others: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 52: Others: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 53: Europe: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 54: Europe: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 55: Germany: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 56: Germany: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 57: France: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 58: France: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 59: United Kingdom: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 60: United Kingdom: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 61: Italy: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 62: Italy: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 63: Spain: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 64: Spain: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 65: Russia: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 66: Russia: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 67: Others: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 68: Others: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 69: Latin America: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 70: Latin America: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 71: Brazil: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 72: Brazil: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: Mexico: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 74: Mexico: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 75: Others: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 76: Others: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 77: Middle East and Africa: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 78: Middle East and Africa: String Inverter Market: Breakup by Country (in %), 2023
  • Figure 79: Middle East and Africa: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Global: String Inverter Industry: SWOT Analysis
  • Figure 81: Global: String Inverter Industry: Value Chain Analysis
  • Figure 82: Global: String Inverter Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: String Inverter Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: String Inverter Market Forecast: Breakup by Connection Type (in Million US$), 2024-2032
  • Table 3: Global: String Inverter Market Forecast: Breakup by Phase (in Million US$), 2024-2032
  • Table 4: Global: String Inverter Market Forecast: Breakup by Power Rating (in Million US$), 2024-2032
  • Table 5: Global: String Inverter Market Forecast: Breakup by End Use (in Million US$), 2024-2032
  • Table 6: Global: String Inverter Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: String Inverter Market: Competitive Structure
  • Table 8: Global: String Inverter Market: Key Players