Global Solar String Inverter Market Research Report 2025(Status and Outlook)
Description
Report Overview
String inverters have the benefit of being a short-term cheaper solution due to the lower equipment need compared to microinverters. One string inverter can handle the energy produced from a row of 5-10 panels. Therefore you can save on the upfront equipment cost by buying one string inverter instead of 5-10 microinverters. However, the long-term costs associated with string inverters far outweigh the benefits.
The global Solar String Inverter market size was estimated at USD 1205.57 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.75% during the forecast period.
This report offers a comprehensive and in-depth analysis of the global Solar String Inverter market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.
The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.
A significant focus of this report lies in the competitive landscape of the global Solar String Inverter market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.
In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Solar String Inverter market.
Global Solar String Inverter Market: Market Segmentation Analysis
This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.
A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.
Key Company
CPS America
Delta Electronics
KACO
Sungrow
Yaskawa Solectria Solar
Ginlong Technologies
Fronius
Market Segmentation (by Type)
Three-phase Inverter
Double-phase Inverter
Market Segmentation (by Application)
Industrial
Utility
Residential Use
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Solar String Inverter Market
Overview of the regional outlook of the Solar String Inverter Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Solar String Inverter Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Solar String Inverter, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
String inverters have the benefit of being a short-term cheaper solution due to the lower equipment need compared to microinverters. One string inverter can handle the energy produced from a row of 5-10 panels. Therefore you can save on the upfront equipment cost by buying one string inverter instead of 5-10 microinverters. However, the long-term costs associated with string inverters far outweigh the benefits.
The global Solar String Inverter market size was estimated at USD 1205.57 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.75% during the forecast period.
This report offers a comprehensive and in-depth analysis of the global Solar String Inverter market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.
The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.
A significant focus of this report lies in the competitive landscape of the global Solar String Inverter market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.
In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Solar String Inverter market.
Global Solar String Inverter Market: Market Segmentation Analysis
This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.
A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.
Key Company
CPS America
Delta Electronics
KACO
Sungrow
Yaskawa Solectria Solar
Ginlong Technologies
Fronius
Market Segmentation (by Type)
Three-phase Inverter
Double-phase Inverter
Market Segmentation (by Application)
Industrial
Utility
Residential Use
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Solar String Inverter Market
Overview of the regional outlook of the Solar String Inverter Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Solar String Inverter Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Solar String Inverter, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
132 Pages
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Solar String Inverter
- 1.2 Key Market Segments
- 1.2.1 Solar String Inverter Segment by Type
- 1.2.2 Solar String Inverter Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Solar String Inverter Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Solar String Inverter Market Size (M USD) Estimates and Forecasts (2020-2033)
- 2.1.2 Global Solar String Inverter Sales Estimates and Forecasts (2020-2033)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Solar String Inverter Market Competitive Landscape
- 3.1 Company Assessment Quadrant
- 3.2 Global Solar String Inverter Product Life Cycle
- 3.3 Global Solar String Inverter Sales by Manufacturers (2020-2025)
- 3.4 Global Solar String Inverter Revenue Market Share by Manufacturers (2020-2025)
- 3.5 Solar String Inverter Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.6 Global Solar String Inverter Average Price by Manufacturers (2020-2025)
- 3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
- 3.8 Solar String Inverter Market Competitive Situation and Trends
- 3.8.1 Solar String Inverter Market Concentration Rate
- 3.8.2 Global 5 and 10 Largest Solar String Inverter Players Market Share by Revenue
- 3.8.3 Mergers & Acquisitions, Expansion
- 4 Solar String Inverter Industry Chain Analysis
- 4.1 Solar String Inverter Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Solar String Inverter Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Industry News
- 5.4.1 New Product Developments
- 5.4.2 Mergers & Acquisitions
- 5.4.3 Expansions
- 5.4.4 Collaboration/Supply Contracts
- 5.5 PEST Analysis
- 5.5.1 Industry Policies Analysis
- 5.5.2 Economic Environment Analysis
- 5.5.3 Social Environment Analysis
- 5.5.4 Technological Environment Analysis
- 5.6 Global Solar String Inverter Market Porter's Five Forces Analysis
- 5.6.1 Global Trade Frictions
- 5.6.2 U.S. Tariff Policy – April 2025
- 5.6.3 Global Trade Frictions and Their Impacts to Solar String Inverter Market
- 5.7 ESG Ratings of Leading Companies
- 6 Solar String Inverter Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Solar String Inverter Sales Market Share by Type (2020-2025)
- 6.3 Global Solar String Inverter Market Size Market Share by Type (2020-2025)
- 6.4 Global Solar String Inverter Price by Type (2020-2025)
- 7 Solar String Inverter Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Solar String Inverter Market Sales by Application (2020-2025)
- 7.3 Global Solar String Inverter Market Size (M USD) by Application (2020-2025)
- 7.4 Global Solar String Inverter Sales Growth Rate by Application (2020-2025)
- 8 Solar String Inverter Market Sales by Region
- 8.1 Global Solar String Inverter Sales by Region
- 8.1.1 Global Solar String Inverter Sales by Region
- 8.1.2 Global Solar String Inverter Sales Market Share by Region
- 8.2 Global Solar String Inverter Market Size by Region
- 8.2.1 Global Solar String Inverter Market Size by Region
- 8.2.2 Global Solar String Inverter Market Size Market Share by Region
- 8.3 North America
- 8.3.1 North America Solar String Inverter Sales by Country
- 8.3.2 North America Solar String Inverter Market Size by Country
- 8.3.3 U.S. Market Overview
- 8.3.4 Canada Market Overview
- 8.3.5 Mexico Market Overview
- 8.4 Europe
- 8.4.1 Europe Solar String Inverter Sales by Country
- 8.4.2 Europe Solar String Inverter Market Size by Country
- 8.4.3 Germany Market Overview
- 8.4.4 France Market Overview
- 8.4.5 U.K. Market Overview
- 8.4.6 Italy Market Overview
- 8.4.7 Spain Market Overview
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Solar String Inverter Sales by Region
- 8.5.2 Asia Pacific Solar String Inverter Market Size by Region
- 8.5.3 China Market Overview
- 8.5.4 Japan Market Overview
- 8.5.5 South Korea Market Overview
- 8.5.6 India Market Overview
- 8.5.7 Southeast Asia Market Overview
- 8.6 South America
- 8.6.1 South America Solar String Inverter Sales by Country
- 8.6.2 South America Solar String Inverter Market Size by Country
- 8.6.3 Brazil Market Overview
- 8.6.4 Argentina Market Overview
- 8.6.5 Columbia Market Overview
- 8.7 Middle East and Africa
- 8.7.1 Middle East and Africa Solar String Inverter Sales by Region
- 8.7.2 Middle East and Africa Solar String Inverter Market Size by Region
- 8.7.3 Saudi Arabia Market Overview
- 8.7.4 UAE Market Overview
- 8.7.5 Egypt Market Overview
- 8.7.6 Nigeria Market Overview
- 8.7.7 South Africa Market Overview
- 9 Solar String Inverter Market Production by Region
- 9.1 Global Production of Solar String Inverter by Region(2020-2025)
- 9.2 Global Solar String Inverter Revenue Market Share by Region (2020-2025)
- 9.3 Global Solar String Inverter Production, Revenue, Price and Gross Margin (2020-2025)
- 9.4 North America Solar String Inverter Production
- 9.4.1 North America Solar String Inverter Production Growth Rate (2020-2025)
- 9.4.2 North America Solar String Inverter Production, Revenue, Price and Gross Margin (2020-2025)
- 9.5 Europe Solar String Inverter Production
- 9.5.1 Europe Solar String Inverter Production Growth Rate (2020-2025)
- 9.5.2 Europe Solar String Inverter Production, Revenue, Price and Gross Margin (2020-2025)
- 9.6 Japan Solar String Inverter Production (2020-2025)
- 9.6.1 Japan Solar String Inverter Production Growth Rate (2020-2025)
- 9.6.2 Japan Solar String Inverter Production, Revenue, Price and Gross Margin (2020-2025)
- 9.7 China Solar String Inverter Production (2020-2025)
- 9.7.1 China Solar String Inverter Production Growth Rate (2020-2025)
- 9.7.2 China Solar String Inverter Production, Revenue, Price and Gross Margin (2020-2025)
- 10 Key Companies Profile
- 10.1 CPS America
- 10.1.1 CPS America Basic Information
- 10.1.2 CPS America Solar String Inverter Product Overview
- 10.1.3 CPS America Solar String Inverter Product Market Performance
- 10.1.4 CPS America Business Overview
- 10.1.5 CPS America SWOT Analysis
- 10.1.6 CPS America Recent Developments
- 10.2 Delta Electronics
- 10.2.1 Delta Electronics Basic Information
- 10.2.2 Delta Electronics Solar String Inverter Product Overview
- 10.2.3 Delta Electronics Solar String Inverter Product Market Performance
- 10.2.4 Delta Electronics Business Overview
- 10.2.5 Delta Electronics SWOT Analysis
- 10.2.6 Delta Electronics Recent Developments
- 10.3 KACO
- 10.3.1 KACO Basic Information
- 10.3.2 KACO Solar String Inverter Product Overview
- 10.3.3 KACO Solar String Inverter Product Market Performance
- 10.3.4 KACO Business Overview
- 10.3.5 KACO SWOT Analysis
- 10.3.6 KACO Recent Developments
- 10.4 Sungrow
- 10.4.1 Sungrow Basic Information
- 10.4.2 Sungrow Solar String Inverter Product Overview
- 10.4.3 Sungrow Solar String Inverter Product Market Performance
- 10.4.4 Sungrow Business Overview
- 10.4.5 Sungrow Recent Developments
- 10.5 Yaskawa Solectria Solar
- 10.5.1 Yaskawa Solectria Solar Basic Information
- 10.5.2 Yaskawa Solectria Solar Solar String Inverter Product Overview
- 10.5.3 Yaskawa Solectria Solar Solar String Inverter Product Market Performance
- 10.5.4 Yaskawa Solectria Solar Business Overview
- 10.5.5 Yaskawa Solectria Solar Recent Developments
- 10.6 Ginlong Technologies
- 10.6.1 Ginlong Technologies Basic Information
- 10.6.2 Ginlong Technologies Solar String Inverter Product Overview
- 10.6.3 Ginlong Technologies Solar String Inverter Product Market Performance
- 10.6.4 Ginlong Technologies Business Overview
- 10.6.5 Ginlong Technologies Recent Developments
- 10.7 Fronius
- 10.7.1 Fronius Basic Information
- 10.7.2 Fronius Solar String Inverter Product Overview
- 10.7.3 Fronius Solar String Inverter Product Market Performance
- 10.7.4 Fronius Business Overview
- 10.7.5 Fronius Recent Developments
- 11 Solar String Inverter Market Forecast by Region
- 11.1 Global Solar String Inverter Market Size Forecast
- 11.2 Global Solar String Inverter Market Forecast by Region
- 11.2.1 North America Market Size Forecast by Country
- 11.2.2 Europe Solar String Inverter Market Size Forecast by Country
- 11.2.3 Asia Pacific Solar String Inverter Market Size Forecast by Region
- 11.2.4 South America Solar String Inverter Market Size Forecast by Country
- 11.2.5 Middle East and Africa Forecasted Sales of Solar String Inverter by Country
- 12 Forecast Market by Type and by Application (2026-2033)
- 12.1 Global Solar String Inverter Market Forecast by Type (2026-2033)
- 12.1.1 Global Forecasted Sales of Solar String Inverter by Type (2026-2033)
- 12.1.2 Global Solar String Inverter Market Size Forecast by Type (2026-2033)
- 12.1.3 Global Forecasted Price of Solar String Inverter by Type (2026-2033)
- 12.2 Global Solar String Inverter Market Forecast by Application (2026-2033)
- 12.2.1 Global Solar String Inverter Sales (K Units) Forecast by Application
- 12.2.2 Global Solar String Inverter Market Size (M USD) Forecast by Application (2026-2033)
- 13 Conclusion and Key Findings
Pricing
Currency Rates
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