Global String Inverters Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch＇s in-depth investigation and research, the global String Inverters market size will reach 8,304.49 Million USD in 2025 and is projected to reach 10,123.58 Million USD by 2032, with a CAGR of 2.87% (2025-2032). Notably, the China String Inverters market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be  Million USD, representing approximately  % of the global market share.

Research Summary

String inverters are a type of solar inverter used in photovoltaic (PV) systems to convert the direct current (DC) electricity generated by solar panels into alternating current (AC) electricity suitable for use in homes or businesses. Unlike microinverters, which are installed on each individual solar panel, string inverters are typically installed in a centralized location and connected to multiple solar panels in a string configuration. This setup allows for efficient conversion of DC power from multiple panels simultaneously. String inverters are known for their reliability, cost-effectiveness, and ease of maintenance, making them a popular choice for residential and commercial solar installations. However, one drawback of string inverters is that the performance of the entire string can be affected if one panel in the string underperforms due to shading, dirt, or other factors. Nevertheless, advancements in technology, such as power optimizers and monitoring systems, have helped mitigate these issues, making string inverters a widely adopted choice in the solar industry.

The major global  manufacturers of String Inverters include HUAWEI, Sungrow Power Supply Co., Ltd, SMA, GOODWE, SINENG, ATEC GROUP, KSTAR, CPS, GROWATT, TBEA, FIMER, Fronius, KELONG, SAJ, KACO, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of String Inverters. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global String Inverters market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the String Inverters market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of String Inverters industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of String Inverters Include:

HUAWEI

Sungrow Power Supply Co., Ltd

SMA

GOODWE

SINENG

ATEC GROUP

KSTAR

CPS

GROWATT

TBEA

FIMER

Fronius

KELONG

SAJ

KACO

String Inverters Product Segment Include:

1.5-6KW

6-30KW

30-40KW

40-60KW

60-200KW

Above 200KW

String Inverters Product Application Include:

Household Use

Industrial and Commercial

Ground Power Station

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global String Inverters Industry PESTEL Analysis

Chapter 3: Global String Inverters Industry Porter's Five Forces Analysis

Chapter 4: Global String Inverters Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 5: Global String Inverters Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 6: Global String Inverters Sales, Revenue, Price and Forecast by Product Type

Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 8: Industrial Chain Analysis, String Inverters Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology and Data Sources