String Inverter Market

25 Feb

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String Inverter Market Poised to Grow at a CAGR of 7.3% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on String Inverter Market. The report presents analysis of global as well as regional markets of string inverter market over the period of 2016 to 2024. A string inverter is a device for converting DC to AC power and which is designed mainly for high voltage DC inputs. A string inverter is connected with the string of the solar panel, which is called solar array. The inverter combines all the direct current received from each individual solar panel and, at once, converts it into alternating current. The main advantage of using string inverters are available in lower cost and there is ease of maintenance and troubleshooting. As the module level, power electronics are gaining rapidly string inverters are more commonly used, as they are suitable for installations where the individual string off panels can be installed perfectly on a single plane without shading during any part of the day.


String inverters can be easier to install because they accept DC input from multiple panels and do not need to be installed directly adjacent to individual panels. This also makes string inverter easier to maintain, yet possibly more difficult to troubleshoot if something goes wrong. This in turn is the major driving factor for the growth of the string inverter market. However, higher heat loss due to large size of the inverters are likely to hamper the growth of the string inverter market during the forecast period. Moreover, steps taken by governments to promote the use of alternative energy supplemented by attractive intensives and subsidies are expected to increase the number of installations of solar panels, which in turn will generate demand for string inverters. This in turn has opened several doors of opportunity for the key players in the string inverter market over the years to come.

 

Among the geographies, Asia Pacific dominated the string inverter market owing to the government policies such as feed on tariffs and tenders. The developing countries such as India and china are estimated to be the major contributors to the growth of the string inverter market in the Asia Pacific regions. On the other hand, North America and Europe are projected to be the next big markets for string inverter markets. Moreover, Middle East and Africa are expected to hold negligible share in global string inverter market over the forecast period. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global string inverter market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

 

Get 15% discount for early purchase of global string inverter market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1542

 

The recent report identified that Asia Pacific dominated the global string inverter market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the string inverter market worldwide.

 

The report segments the global string inverter market on the basis of Phase, System Type and Power Rating.

 

Global String Inverter Market by Phase

·         Single-Phase

·         Three-Phase

 

Global String Inverter Market by System Type

·         On-Grid

·         Off-Grid

 

Global String Inverter Market by Power Rating

·          Upto 10 KW

·          11 KW–40 KW

·         41 KW–80 KW

·         Above 80 KW

 

Companies Profiled in the Report

·         Huawei Technologies Co. Ltd.

·         Sungrow

·         SMA Solar Technology

·         ABB Limited

·         Sineng

·         TBEA SunOasis Co., Ltd.

·         Power Electronics

·         TMEIC

·         Schneider Electric

·         SolarEdge Technologies

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.