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.
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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
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