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String Inverter Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global String Inverter Market: Brief Account

The world string inverter market is deemed to offer lucrative opportunities in Asia Pacific with China emerging as a future window for robust growth. Giant vendors such as Huawei have promoted the market for three-phase string inverter for its use in utility installations. Future string inverters are expected to have better features for their application in utility projects. Of late, Sungrow has announced the introduction of a twice as powerful, next-generation string inverter which can be suited to 1,500-volt installations. It is said that string inverters will have the potential to closely battle with central inverters.

The global string inverter market can be classified according to product, phase, power rating, and application. With a study of the most promising segments, businesses in this industry can invest wisely and take confident strides toward success.

This report has taken the top-down and bottom-up approaches for analyzing the global string inverter market in respect of market estimation and size. Forecasts and trends are chalked down after conducting thorough primary and secondary research. The publication throws light on key industry analysis factors such as technology upgrades and strategic partnerships.

Global String Inverter Market: Trends and Opportunities

The global share for string inverter market is envisioned to gain strength with the aggravating demand for continuous power supply without any interruptions and strict sustainability statutes. Over the forecast period 2016–2024, the global market share is expected to be bolstered by the reducing adoption of fossil fuel and increasing acceptance of renewable energy supported by government measures. The cut down in component cost and rising want for sustainable energy can considerably contribute toward the escalation of market growth. The industry is likely to welcome more growth on the back of feed-in tariff, net metering, and other various schemes introduced. Coupled with commendable enhancement in power density, the substantial decrease in component price is a result of technology innovation in the string inverter sector.

The single-phase string inverter segment could rise while riding on the aggressive penetration of off-grid residential consumers in emerging economies. The market carries the potential to add to the global market growth impressively. Likewise, the three-phase market is anticipated to exhibit a considerable growth.

Other promising segments of the world string inverter market could include standalone and on-grid string inverter by product, 10 KW and 11 KW–40 KW by power rating, and residential and commercial by application.

Global String Inverter Market: Geographical Analysis

The U.K. string inverter market is envisaged to augment its business growth with the rise in the adoption of rooftop solar system in both the residential and commercial fields. The Europe region will gain impetus for its growth with the newly introduced EU emissions trading system (EU ETS) directive 2003/87/EC, which is aimed toward the 20.0% of slimming down of greenhouse gas emission by 2020.

The U.S. market will take advantage of the encouraging adoption of renewable energy propelled by rebate, tax credit, and other government incentives. The Asia Pacific region could leverage the significant market share offered by China with the introduction of photovoltaic poverty alleviation program, which plans to implement solar panels of 10 GW by 2020. China will also look to target 110 GW of photovoltaic installation by 2020.

Market opportunities are also predicted to arise from countries such as South Africa and Chile.

Global String Inverter Market: Competitive Overview

Major players are taking to new product development with mammoth investments in research and development. The SG125HV string inverter, for instance, manufactured by Sungrow in 2016 comes with a 99.0% efficiency and 1.5 DC:AC ratio. The string inverter helps to check installation and balance of system cost. Some of the top companies operating in the international string inverter market are Schneider Electric, Sungrow Power Supply, Advanced Energy Industries, Delta Energy System, KOSTAL Solar Electric, Yaskawa – Solectria Solar, SolarMax, Ginlong Technologies, Fronius International, and Ingeteam.

Market segmentation based on geography:

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

This report gives access to decisive data, such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report include:

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market      
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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