The Market Reports

Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com

Global String Solar PV Inverters Market Research Report 2024

Global String Solar PV Inverters Market Research Report 2024

Publishing Date : Oct, 2023

License Type :
 

Report Code : 1797419

No of Pages : 120

Synopsis
The string-type solar photovoltaic inverter directly converts the direct current generated by the photovoltaic modules into alternating current, which is then boosted and connected to the grid. String-type solar photovoltaic inverters are not affected by module differences between strings and shadows, and at the same time reduce the mismatch between the best operating point of photovoltaic cell modules and the inverter, and maximize power generation. At the same time, the smaller size and self-consumption can reduce the impact of failures.
Global String Solar PV Inverters market is projected to reach US$ 30480 million in 2029, increasing from US$ 15810 million in 2022, with the CAGR of 11.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole String Solar PV Inverters market research.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.72 GW. The growing popularity of renewable energy sources, especially the deployment of solar photovoltaic power generation, has significantly increased the demand for solar modules in recent years. Rising goals and initiatives in developing countries to reduce dependence on fossil fuels and enhance energy security are expected to encourage demand for solar energy systems. The demand for string inverters is increasing due to their high efficiency to maximize the energy generated by solar systems. Furthermore, multiple incentives and regulatory measures to encourage the adoption of sustainable technologies will drive the market demand. A string inverter is a type of solar inverter used in photovoltaic (PV) solar energy systems. The main function of a string inverter is to convert the direct current (DC) power generated by solar panels into alternating current (AC) power that can be used by a home or business or fed into the grid. Manufacturers are constantly developing new technologies to improve the efficiency and reliability of string inverters. For example, global manufacturers are focusing on R&D activities to develop string inverters with built-in monitoring and diagnostic tools, which can improve overall system performance and reduce maintenance costs. Additionally, the growing demand for string inverters with integrated battery energy storage will positively impact the growth of the string inverter market.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global String Solar PV Inverters market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
SMA Solar Technology
SolarEdge
General Electric
Siemens
Schneider Electric
Cyber​​ Power Systems
Tesla Powerwall
Luminous
Leonics
INVT
Easun Power
Alencon Systems
Fimer Group
Sungrow
Hitachi
Huawei
TBEA
Yaskawa-Solectria Solar
Fronius
Growatt
Tabuchi Electric
Ginlong
GoodWe
Segment by Type
Low Frequency Inverter
High Frequency Inverter
Segment by Application
DC Voltage Source
Grid Connection
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The String Solar PV Inverters report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index
1 String Solar PV Inverters Market Overview
1.1 Product Definition
1.2 String Solar PV Inverters Segment by Type
1.2.1 Global String Solar PV Inverters Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Low Frequency Inverter
1.2.3 High Frequency Inverter
1.3 String Solar PV Inverters Segment by Application
1.3.1 Global String Solar PV Inverters Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 DC Voltage Source
1.3.3 Grid Connection
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global String Solar PV Inverters Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global String Solar PV Inverters Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global String Solar PV Inverters Production Estimates and Forecasts (2018-2029)
1.4.4 Global String Solar PV Inverters Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global String Solar PV Inverters Production Market Share by Manufacturers (2018-2023)
2.2 Global String Solar PV Inverters Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of String Solar PV Inverters, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global String Solar PV Inverters Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global String Solar PV Inverters Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of String Solar PV Inverters, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of String Solar PV Inverters, Product Offered and Application
2.8 Global Key Manufacturers of String Solar PV Inverters, Date of Enter into This Industry
2.9 String Solar PV Inverters Market Competitive Situation and Trends
2.9.1 String Solar PV Inverters Market Concentration Rate
2.9.2 Global 5 and 10 Largest String Solar PV Inverters Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 String Solar PV Inverters Production by Region
3.1 Global String Solar PV Inverters Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global String Solar PV Inverters Production Value by Region (2018-2029)
3.2.1 Global String Solar PV Inverters Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of String Solar PV Inverters by Region (2024-2029)
3.3 Global String Solar PV Inverters Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global String Solar PV Inverters Production by Region (2018-2029)
3.4.1 Global String Solar PV Inverters Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of String Solar PV Inverters by Region (2024-2029)
3.5 Global String Solar PV Inverters Market Price Analysis by Region (2018-2023)
3.6 Global String Solar PV Inverters Production and Value, Year-over-Year Growth
3.6.1 North America String Solar PV Inverters Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe String Solar PV Inverters Production Value Estimates and Forecasts (2018-2029)
3.6.3 China String Solar PV Inverters Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan String Solar PV Inverters Production Value Estimates and Forecasts (2018-2029)
4 String Solar PV Inverters Consumption by Region
4.1 Global String Solar PV Inverters Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global String Solar PV Inverters Consumption by Region (2018-2029)
4.2.1 Global String Solar PV Inverters Consumption by Region (2018-2023)
4.2.2 Global String Solar PV Inverters Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America String Solar PV Inverters Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America String Solar PV Inverters Consumption by Country (2018-2029)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe String Solar PV Inverters Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe String Solar PV Inverters Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific String Solar PV Inverters Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific String Solar PV Inverters Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa String Solar PV Inverters Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa String Solar PV Inverters Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global String Solar PV Inverters Production by Type (2018-2029)
5.1.1 Global String Solar PV Inverters Production by Type (2018-2023)
5.1.2 Global String Solar PV Inverters Production by Type (2024-2029)
5.1.3 Global String Solar PV Inverters Production Market Share by Type (2018-2029)
5.2 Global String Solar PV Inverters Production Value by Type (2018-2029)
5.2.1 Global String Solar PV Inverters Production Value by Type (2018-2023)
5.2.2 Global String Solar PV Inverters Production Value by Type (2024-2029)
5.2.3 Global String Solar PV Inverters Production Value Market Share by Type (2018-2029)
5.3 Global String Solar PV Inverters Price by Type (2018-2029)
6 Segment by Application
6.1 Global String Solar PV Inverters Production by Application (2018-2029)
6.1.1 Global String Solar PV Inverters Production by Application (2018-2023)
6.1.2 Global String Solar PV Inverters Production by Application (2024-2029)
6.1.3 Global String Solar PV Inverters Production Market Share by Application (2018-2029)
6.2 Global String Solar PV Inverters Production Value by Application (2018-2029)
6.2.1 Global String Solar PV Inverters Production Value by Application (2018-2023)
6.2.2 Global String Solar PV Inverters Production Value by Application (2024-2029)
6.2.3 Global String Solar PV Inverters Production Value Market Share by Application (2018-2029)
6.3 Global String Solar PV Inverters Price by Application (2018-2029)
7 Key Companies Profiled
7.1 SMA Solar Technology
7.1.1 SMA Solar Technology String Solar PV Inverters Corporation Information
7.1.2 SMA Solar Technology String Solar PV Inverters Product Portfolio
7.1.3 SMA Solar Technology String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.1.4 SMA Solar Technology Main Business and Markets Served
7.1.5 SMA Solar Technology Recent Developments/Updates
7.2 SolarEdge
7.2.1 SolarEdge String Solar PV Inverters Corporation Information
7.2.2 SolarEdge String Solar PV Inverters Product Portfolio
7.2.3 SolarEdge String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.2.4 SolarEdge Main Business and Markets Served
7.2.5 SolarEdge Recent Developments/Updates
7.3 General Electric
7.3.1 General Electric String Solar PV Inverters Corporation Information
7.3.2 General Electric String Solar PV Inverters Product Portfolio
7.3.3 General Electric String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.3.4 General Electric Main Business and Markets Served
7.3.5 General Electric Recent Developments/Updates
7.4 Siemens
7.4.1 Siemens String Solar PV Inverters Corporation Information
7.4.2 Siemens String Solar PV Inverters Product Portfolio
7.4.3 Siemens String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Siemens Main Business and Markets Served
7.4.5 Siemens Recent Developments/Updates
7.5 Schneider Electric
7.5.1 Schneider Electric String Solar PV Inverters Corporation Information
7.5.2 Schneider Electric String Solar PV Inverters Product Portfolio
7.5.3 Schneider Electric String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Schneider Electric Main Business and Markets Served
7.5.5 Schneider Electric Recent Developments/Updates
7.6 Cyber​​ Power Systems
7.6.1 Cyber​​ Power Systems String Solar PV Inverters Corporation Information
7.6.2 Cyber​​ Power Systems String Solar PV Inverters Product Portfolio
7.6.3 Cyber​​ Power Systems String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Cyber​​ Power Systems Main Business and Markets Served
7.6.5 Cyber​​ Power Systems Recent Developments/Updates
7.7 Tesla Powerwall
7.7.1 Tesla Powerwall String Solar PV Inverters Corporation Information
7.7.2 Tesla Powerwall String Solar PV Inverters Product Portfolio
7.7.3 Tesla Powerwall String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Tesla Powerwall Main Business and Markets Served
7.7.5 Tesla Powerwall Recent Developments/Updates
7.8 Luminous
7.8.1 Luminous String Solar PV Inverters Corporation Information
7.8.2 Luminous String Solar PV Inverters Product Portfolio
7.8.3 Luminous String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Luminous Main Business and Markets Served
7.7.5 Luminous Recent Developments/Updates
7.9 Leonics
7.9.1 Leonics String Solar PV Inverters Corporation Information
7.9.2 Leonics String Solar PV Inverters Product Portfolio
7.9.3 Leonics String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Leonics Main Business and Markets Served
7.9.5 Leonics Recent Developments/Updates
7.10 INVT
7.10.1 INVT String Solar PV Inverters Corporation Information
7.10.2 INVT String Solar PV Inverters Product Portfolio
7.10.3 INVT String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.10.4 INVT Main Business and Markets Served
7.10.5 INVT Recent Developments/Updates
7.11 Easun Power
7.11.1 Easun Power String Solar PV Inverters Corporation Information
7.11.2 Easun Power String Solar PV Inverters Product Portfolio
7.11.3 Easun Power String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Easun Power Main Business and Markets Served
7.11.5 Easun Power Recent Developments/Updates
7.12 Alencon Systems
7.12.1 Alencon Systems String Solar PV Inverters Corporation Information
7.12.2 Alencon Systems String Solar PV Inverters Product Portfolio
7.12.3 Alencon Systems String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Alencon Systems Main Business and Markets Served
7.12.5 Alencon Systems Recent Developments/Updates
7.13 Fimer Group
7.13.1 Fimer Group String Solar PV Inverters Corporation Information
7.13.2 Fimer Group String Solar PV Inverters Product Portfolio
7.13.3 Fimer Group String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Fimer Group Main Business and Markets Served
7.13.5 Fimer Group Recent Developments/Updates
7.14 Sungrow
7.14.1 Sungrow String Solar PV Inverters Corporation Information
7.14.2 Sungrow String Solar PV Inverters Product Portfolio
7.14.3 Sungrow String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Sungrow Main Business and Markets Served
7.14.5 Sungrow Recent Developments/Updates
7.15 Hitachi
7.15.1 Hitachi String Solar PV Inverters Corporation Information
7.15.2 Hitachi String Solar PV Inverters Product Portfolio
7.15.3 Hitachi String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.15.4 Hitachi Main Business and Markets Served
7.15.5 Hitachi Recent Developments/Updates
7.16 Huawei
7.16.1 Huawei String Solar PV Inverters Corporation Information
7.16.2 Huawei String Solar PV Inverters Product Portfolio
7.16.3 Huawei String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.16.4 Huawei Main Business and Markets Served
7.16.5 Huawei Recent Developments/Updates
7.17 TBEA
7.17.1 TBEA String Solar PV Inverters Corporation Information
7.17.2 TBEA String Solar PV Inverters Product Portfolio
7.17.3 TBEA String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.17.4 TBEA Main Business and Markets Served
7.17.5 TBEA Recent Developments/Updates
7.18 Yaskawa-Solectria Solar
7.18.1 Yaskawa-Solectria Solar String Solar PV Inverters Corporation Information
7.18.2 Yaskawa-Solectria Solar String Solar PV Inverters Product Portfolio
7.18.3 Yaskawa-Solectria Solar String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.18.4 Yaskawa-Solectria Solar Main Business and Markets Served
7.18.5 Yaskawa-Solectria Solar Recent Developments/Updates
7.19 Fronius
7.19.1 Fronius String Solar PV Inverters Corporation Information
7.19.2 Fronius String Solar PV Inverters Product Portfolio
7.19.3 Fronius String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.19.4 Fronius Main Business and Markets Served
7.19.5 Fronius Recent Developments/Updates
7.20 Growatt
7.20.1 Growatt String Solar PV Inverters Corporation Information
7.20.2 Growatt String Solar PV Inverters Product Portfolio
7.20.3 Growatt String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.20.4 Growatt Main Business and Markets Served
7.20.5 Growatt Recent Developments/Updates
7.21 Tabuchi Electric
7.21.1 Tabuchi Electric String Solar PV Inverters Corporation Information
7.21.2 Tabuchi Electric String Solar PV Inverters Product Portfolio
7.21.3 Tabuchi Electric String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.21.4 Tabuchi Electric Main Business and Markets Served
7.21.5 Tabuchi Electric Recent Developments/Updates
7.22 Ginlong
7.22.1 Ginlong String Solar PV Inverters Corporation Information
7.22.2 Ginlong String Solar PV Inverters Product Portfolio
7.22.3 Ginlong String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.22.4 Ginlong Main Business and Markets Served
7.22.5 Ginlong Recent Developments/Updates
7.23 GoodWe
7.23.1 GoodWe String Solar PV Inverters Corporation Information
7.23.2 GoodWe String Solar PV Inverters Product Portfolio
7.23.3 GoodWe String Solar PV Inverters Production, Value, Price and Gross Margin (2018-2023)
7.23.4 GoodWe Main Business and Markets Served
7.23.5 GoodWe Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 String Solar PV Inverters Industry Chain Analysis
8.2 String Solar PV Inverters Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 String Solar PV Inverters Production Mode & Process
8.4 String Solar PV Inverters Sales and Marketing
8.4.1 String Solar PV Inverters Sales Channels
8.4.2 String Solar PV Inverters Distributors
8.5 String Solar PV Inverters Customers
9 String Solar PV Inverters Market Dynamics
9.1 String Solar PV Inverters Industry Trends
9.2 String Solar PV Inverters Market Drivers
9.3 String Solar PV Inverters Market Challenges
9.4 String Solar PV Inverters Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Published By : QY Research

Why ‘The Market Reports’