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String Inverter Market by Phase, System Type, Power Rating, End-User, and Region - Global Forecast to 2021

String Inverter Market: Global Forecast until 2021

  • November 2016
  • 153 pages
  • ID: 4407704
In this report:
The off-grid string inverter market segment reached USD ##.## Million in 2015, and is expected to grow from an estimated USD ##.## Million in 2016 to ##.## USD Million by 2021, registering a CAGR of ##.##% during the forecast period.
The utilities string inverter market segment is expected to grow at a CAGR of ##.##% from 2016 to 2021, followed by the residential segment, which is projected to exhibit a CAGR of ##.##% during the forecast period.

Summary

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"The string inverter market is estimated to rise at a compound annual growth rate of ~8.3 percent from 2016 to 2021"

The string inverter market is estimated to grow ~$3.9B by 2021, increasing at a compound annual growth rate (CAGR) of ~8.3 percent from 2016 to 2021. String inverters are used in residential, commercial & industrial, and utilities. Decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization are forecast to steer the string inverter market. On the other hand, shading one panel reduces the efficiency of panels, together with heat losses due to the important size of the inverter, is the main restraint of the overall string inverter market.

"The off-grid segment is anticipated to grow at the quickest Compound annual growth rate from 2016 to 2021"

With regard to system type, the off-grid segment is forecasted to grow at the quickest Compound annual growth rate. Though off-grid technology is cheaper, the string inverter application is not very cost effective, which restricts the installation of string inverter at a big scale, including three-phase string inverters. In coming years, with declining solar module, inverter, and global solar systems prices, off-grid string inverters are anticipated to gain momentum.

"Asia-Pac: The largest industry for string inverter"

Asia Pacific (APAC) is anticipated to be the biggest market for string inverters, with China (CN) and India (IN) being the biggest industries in the area. It is projected to dominate the overall market during the outlook period, owing to government targets, policy support (tax incentives and RPOs), incentives including feed-in tariffs, and tenders & competitive bidding in the territory. The whole Americas, on the other hand, is anticipated to be the quickest increasing sector for string inverters due to growing demand for electricity combined with the area's high irradiation levels, making the region ideal for PV installations.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 43.0 percent, Tier 2 33.0 percent, Tier 3 24.0 percent

By Designation: C-Level- 35.0 percent, D-Level- 25.0 percent, Others- 40.0 percent

By area: Americas- 15.0 percent, Europe- 30.0 percent, Asia-pac- 45%, Rest of World- 10.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue, as of 2015: Tier 1 = >USD 20 billion, Tier 2 = From $10.0B to $20.0B, and Tier 3 =

The key players in the string inverter market contain KACO New Energy GmbH, Delta Energy Systems GmbH, ABB Limited, Chint Power Systems Co., Limited, Ningbo Ginlong Technologies, Samil Power Co., Limited, Fronius International GmbH, SMA Solar Technology AG, and Huawei Technologies Co. Ltd., among others.

Segment Research

The study offers a picture on the string inverter market across various industry verticals and territories. It aims at evaluating the market value and upcoming growth potential of this market across several segments, including system types, phase, consumers, power rating, and localities. Moreover, the analysis also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The market research will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global string inverter market and the sub-segments. This business report will facilitate partners to better apprehend the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The industry report also benefits the partners to apprehend the pulse of the industry and offers them information on main market drivers, industry restraints, opportunities, and alternatives.

Why acquire this industry report?

1. The study determines and addresses main markets for string inverter market, which is useful for suppliers to examine the rise in demand for the product.

2. The analysis benefits solution providers to comprehend the pulse of the sector and offers business insights on drivers, market restraints, and opportunities.

3. The market research will facilitate top players to better find out the competition's strategies and will benefit in making tactical conclusions.

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