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String Inverter Market by Phase (Single and Three), System Type (On-Grid and Off-Grid), Power Rating (Up to 10kw, 11kw–40kw, 41kw–80kw, and Above 80kw), End-User (Residential, Commercial & Industrial, and Utilities), and Region - Global Forecast to 2021

String Inverter Market by Phase (Single and Three), System Type (On-Grid and Off-Grid), Power Rating (Up to 10kw, 11kw–40kw, 41kw–80kw, and Above 80kw), End-User (Residential, Commercial & Industrial, and Utilities), and Region - Global Forecast to 2021

“The string inverter market is projected to grow at a CAGR of 8.29% from 2016 to 2021”
The string inverter market is projected to reach USD 3.89 billion by 2021, growing at a CAGR of 8.29% from 2016 to 2021. String inverters are used in residential, commercial & industrial, and utilities. Decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization are expected to drive the string inverter market. On the other hand, shading one panel reduces the efficiency of panels, along with heat losses due to the large size of the inverter, is the major restraint of the global string inverter market.

“The off-grid segment is expected to grow at the fastest CAGR from 2016 to 2021”
With regard to system type, the off-grid segment is estimated to grow at the fastest CAGR. Though off-grid technology is cheaper, the string inverter application is not very cost effective, which restricts the installation of string inverter at a large scale, such as three-phase string inverters. In coming years, with declining solar module, inverter, and overall solar systems prices, off-grid string inverters are expected to gain momentum.

“Asia-Pacific: The largest market for string inverter”
Asia-Pacific is expected to be the largest market for string inverters, with China and India being the biggest markets in the region. It is estimated to dominate the global market during the forecast period, owing to government targets, policy support (tax incentives and RPOs), incentives such as feed-in tariffs, and tenders & competitive bidding in the region. The Americas, on the other hand, is expected to be the fastest growing market for string inverters due to increasing demand for electricity combined with the area’s high irradiation levels, making the region ideal for PV installations.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 43%, Tier 2- 33%, Tier 3- 24%
By Designation: C-Level- 35%, D-Level- 25%, Others- 40%
By Region: Americas- 15%, Europe- 30%, Asia-Pacific- 45%, Rest of World- 10%

Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 20 billion, Tier 2 = From USD 10 billion to USD 20 billion, and Tier 3 = <USD 10 billion

The leading players in the string inverter market include KACO New Energy GmbH (Germany), Delta Energy Systems GmbH (Germany), ABB Limited (Switzerland), Chint Power Systems Co., Ltd. (China), Ningbo Ginlong Technologies (China), Samil Power Co., Ltd. (China), Fronius International GmbH (Austria), SMA Solar Technology AG (Germany), and Huawei Technologies Co. Ltd. (China), among others.

Research Coverage:
The report provides a picture on the string inverter market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as system types, phase, end-users, power rating, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall string inverter market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Why buy this report?
1. The report identifies and addresses key markets for string inverter market, which is useful for suppliers to review the growth in demand for the product.
2. The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.
3. The report will help key players to better understand the competition’s strategies and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • COUNTRIES COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS & LIMITATIONS
      • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • INTRODUCTION
    • HISTORICAL BACKDROP AND EVOLUTION
    • CURRENT SCENARIO
    • FUTURE OUTLOOK
    • CONCLUSION
  • PREMIUM INSIGHTS
    • STRING INVERTER MARKET, BY PHASE
    • STRING INVERTER MARKET, BY POWER RATING
    • STRING INVERTER MARKET, BY SYSTEM TYPE
    • STRING INVERTER MARKET, BY END-USER
    • STRING INVERTER MARKET: PHASE VS SYSTEM-TYPE
    • ASIA-PACIFIC: THE LARGEST MARKET DURING THE FORECAST PERIOD
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • BY PHASE
      • BY POWER RATING
      • BY END-USER
      • BY REGION
      • BY SYSTEM TYPE
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • STRING INVERTER MARKET, BY PHASE
    • INTRODUCTION
      • Table STRING INVERTER MARKET SIZE, BY PHASE, 2014-2021 (USD MILLION)
    • SINGLE-PHASE
      • Table SINGLE-PHASE: STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • THREE-PHASE
      • Table THREE-PHASE: STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • STRING INVERTER MARKET, BY SYSTEM TYPE
    • INTRODUCTION
      • Table STRING INVERTER MARKET SIZE, BY SYSTEM TYPE, 2014-2021 (USD MILLION)
    • ON-GRID
      • Table ON-GRID: STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OFF-GRID
      • Table OFF-GRID: STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • STRING INVERTER MARKET, BY END-USER
    • INTRODUCTION
      • Table STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
    • RESIDENTIAL
      • Table RESIDENTIAL: STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table RESIDENTIAL: STRING INVERTER MARKET SIZE, BY TOP FIVE COUNTRIES, 2014-2021 (USD MILLION)
      • COMMERCIAL & INDUSTRIAL
        • Table COMMERCIAL & INDUSTRIAL: STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
        • Table COMMERCIAL & INDUSTRIAL: STRING INVERTER MARKET SIZE, BY TOP FIVE COUNTRIES, 2014-2021 (USD MILLION)
    • UTILITIES
      • Table UTILITIES : STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table UTILITIES: STRING INVERTER MARKET SIZE, BY TOP FIVE COUNTRIES, 2014-2021 (USD MILLION)
  • STRING INVERTER MARKET, BY POWER RATING
    • INTRODUCTION
      • Table STRING INVERTER MARKET SIZE, BY POWER RATING, 2014-2021 (USD MILLION)
    • UPTO 10 KW
      • Table UPTO 10 KW: STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • 11 KW-40 KW
      • Table 11 KW-40 KW: STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • 41 KW-80 KW
      • Table 41 KW-80 KW: STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • ABOVE 80 KW
      • Table ABOVE 80 KW : STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • STRING INVERTER MARKET, BY REGION
    • INTRODUCTION
      • Table STRING INVERTER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table TOP FIVE COUNTRIES: STRING INVERTER MARKET SIZE, 2014-2021 (USD MILLION)
      • Table TOP FIVE COUNTRIES: STRING INVERTER MARKET SIZE, 2014-2021 (USD MILLION)
    • ASIA-PACIFIC
      • BY SYSTEM TYPE
        • Table ASIA-PACIFIC: STRING INVERTER MARKET SIZE, BY SYSTEM TYPE, 2014-2021 (USD MILLION)
      • BY PHASE
        • Table ASIA-PACIFIC: STRING INVERTER MARKET SIZE, BY PHASE, 2014-2021 (USD MILLION)
      • BY POWER RATING
        • Table ASIA-PACIFIC: STRING INVERTER MARKET SIZE, BY POWER RATING, 2014-2021 (USD MILLION)
      • BY END-USER
        • Table ASIA-PACIFIC: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table ASIA-PACIFIC: STRING INVERTER MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table CHINA: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table JAPAN: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table INDIA: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table SOUTH KOREA: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table AUSTRALIA: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table REST OF ASIA-PACIFIC: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
    • EUROPE
      • BY SYSTEM TYPE
        • Table EUROPE: STRING INVERTER MARKET SIZE, BY SYSTEM TYPE, 2014-2021 (USD MILLION)
      • BY PHASE
        • Table EUROPE: STRING INVERTER MARKET SIZE, BY PHASE, 2014-2021 (USD MILLION)
      • BY POWER RATING
        • Table EUROPE: STRING INVERTER MARKET SIZE, BY POWER RATING, 2014-2021 (USD MILLION)
      • BY END-USER
        • Table EUROPE: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: STRING INVERTER MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table GERMANY: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table U.K.: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table FRANCE: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table ITALY: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table SPAIN: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table REST OF EUROPE: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
    • AMERICAS
      • BY SYSTEM TYPE
        • Table AMERICAS: STRING INVERTER MARKET SIZE, BY SYSTEM TYPE, 2014-2021 (USD MILLION)
      • BY PHASE
        • Table AMERICAS: STRING INVERTER MARKET SIZE, BY PHASE, 2014-2021 (USD MILLION)
      • BY POWER RATING
        • Table AMERICAS: STRING INVERTER MARKET SIZE, BY POWER RATING, 2014-2021 (USD MILLION)
      • BY END-USER
        • Table AMERICAS: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table AMERICAS: STRING INVERTER MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table U.S.: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table CANADA: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table MEXICO: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table REST OF AMERICAS: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY SYSTEM TYPE
        • Table MIDDLE EAST & AFRICA: STRING INVERTER MARKET SIZE, BY SYSTEM TYPE, 2014-2021 (USD MILLION)
      • BY PHASE
        • Table MIDDLE EAST & AFRICA: STRING INVERTER MARKET SIZE, BY PHASE, 2014-2021 (USD MILLION)
      • BY POWER RATING
        • Table MIDDLE EAST & AFRICA: STRING INVERTER MARKET SIZE, BY POWER RATING, 2014-2021 (USD MILLION)
      • BY END-USER
        • Table MIDDLE EAST & AFRICA: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: STRING INVERTER MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table UAE: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table ALGERIA: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table SOUTH AFRICA: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: STRING INVERTER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION & TRENDS
    • MARKET SHARE ANALYSIS, STRING INVERTER MARKET (BY KEY PLAYERS)
    • CONTRACTS & AGREEMENTS
      • Table CONTRACTS & AGREEMENTS, 2013-16
    • EXPANSIONS
      • Table EXPANSIONS, 2013-2016
    • PARTNERSHIPS, JOINT VENTURES, COLLABORATIONS
      • Table PARTNERSHIPS, JOINT VENTURES, COLLABORATIONS, 2013-2016
    • NEW PRODUCT DEVELOPMENT/LAUNCHES
      • Table NEW PRODUCT DEVELOPMENT/LAUNCHES, 2013-2016
    • MERGERS & ACQUISITIONS
      • Table MERGERS & ACQUISITIONS, 2103-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • SMA SOLAR TECHNOLOGY AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • SOLAREDGE TECHNOLOGIES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • SCHNEIDER ELECTRIC SOLAR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • ABB LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • SUNGROW POWER SUPPLY CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • FRONIUS INTERNATIONAL GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • SOLARMAX GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • YASKAWA - SOLECTRIA SOLAR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • GINLONG TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2014-2016
    • DELTA ENERGY SYSTEM GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2014-2016
    • SAMIL POWER CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • KACO NEW ENERGY GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
    • CHINT POWER SYSTEMS CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2016
    • HUAWEI TECHNOLOGIES CO. LTD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2015-2016
    • GROWATT NEW ENERGY TECHNOLOGY CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2014-2015
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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