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String Inverters Market Status and Forecast, by Players, Types and Applications Overview 2025

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Micheal Smith
String Inverters Market Status and Forecast, by Players, Types and Applications Overview 2025

This report presents the worldwide String Inverters market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.

This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

String Inverter, it applies primarily to solar photovoltaic (PV)generation equipment. Grid Interactive or grid tied systems often use string inverters, while non-grid tied or non-grid interactive inverters use charge controllers. An inverter is a device which changes electricity from DC (direct current) into AC (alternating current).

String inverters are by far the most commonly deployed option globally and comprise the vast majority of the world’s inverter market. However, MLPE technologies are rapidly gaining popularity and market share as their costs have come down despite the global dominance of string inverters.

The Asia Pacific is estimated to hold the largest market share for string inverter till 2023. The Government targets, policy support, incentives such as feed-in traffics and tenders, and competitive bidding in the region will drive string invertors market during the forecast period.

The String Inverters market was valued at 2850 Million US$ in 2017 and is projected to reach 5310 Million US$ by 2025, at a CAGR of 8.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for String Inverters.

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The following manufacturers are covered in this report:

  • Yaskawa
  • ABB
  • SMA Solar
  • Solaredge
  • Sungrow
  • Fronius
  • Solarmax
  • Delta
  • Eaton Corp
  • Chint

String Inverters Breakdown Data by Type

  • Single-Phase
  • Three-Phase

String Inverters Breakdown Data by Application

  • Residential
  • Commercial

String Inverters Production by Region

  • United States
  • Europe
  • China
  • Japan
  • South Korea
  • Other Regions
  • Other Regions

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String Inverters Consumption by Region

  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Rest of Europe
  • Central & South America
  • Brazil
  • Rest of South America
  • Middle East & Africa
  • GCC Countries
  • Turkey
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

The study objectives are:

  • To analyze and research the global String Inverters status and future forecast?involving, production, revenue, consumption, historical and forecast.
  • To present the key String Inverters manufacturers, production, revenue, market share, and recent development.
  • To split the breakdown data by regions, type, manufacturers and applications.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends, drivers, influence factors in global and regions.
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of String Inverters market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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