Planet Market Reports has added a report, titled, “Global String Inverter Outlook, For Outdoor Power Market Forecast to 2023.”
Planet Market Reports projects that the String Inverter market size will grow from USD 2.88 Billion in 2017 to USD 4.67 Billion by 2023, at an estimated CAGR of 8.36%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The growth is attributed to decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization.The report segments the string inverter market based on end-users into residential, commercial & industrial, and utilities. Utilities segment is the largest end-user of string inverter owing to growing number of utilities in the solar sector, serving both, the distributed solar market as well as building and operating large-scale PV power plants. Based on system type, the on-grid segment is expected to dominate the string inverter market during the forecast period. The market has also been segmented based on power rating into four segments: up to 10 kW, 11 kW – 40 kW, 41 kW – 80 kW, and above 80 kW. The 41 kW-80 kW segment is the largest market; due to their compact size and light weight, these inverters offer more design flexibility for all sizes of PV plants and provide higher level of protection and enhances durability in a harsh outdoor environment.
By Market Players
SMA Solar Technology AG , Solaredge Technologies, Inc. , Schneider Electric Solar , ABB Limited , Sungrow Power Supply Co., Ltd. , Fronius International GmbH , Solarmax Group , Yaskawa – Solectria Solar , Ginlong Technologies , Delta Energy System GmbH , Samil Power Co., Ltd. , KACO New Energy GmbH , Chint Power Systems Co., Ltd. , Huawei Technologies Co. Ltd , Growatt New Energy Technology Co., Ltd., ,
By Phase
Single-Phase , Three-Phase,
By System Type
On-Grid , Off-Grid,
By End-User
Residential , Commercial & Industrial, Utilities, ,
By Power Rating
Upto 10 kW , 11 kW–40 kW , 41 kW–80 kW , Above 80 kW,
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region,
By Application
and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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