Global String Inverter Market Prognosticated To Take off With A Whooping CAGR By 2022

“Global String Inverter Market”
Global String inverter Market, by product (On-grid, off-grid), by phase (Single, Three), by Application (Residential, Commercial, Industrial, utilities) – Forecast 2016-2022

Market Highlights

The Global Market of String Inverter around the world is growing rapidly due to factors such as ease of maintenance, Trusted Technology as well as Lower costs are booming the market of string market.

One of the latest evolutions in the inverter industry is three-phase string inverters for the small-to-medium commercial PV market. Now, several manufacturers are offering string inverters with three-phase output, which offers several benefits such as Lower price as well as required less wall space and reduced installation time. Moreover, High Fuel Efficiency, High Quality Electrical Output are some factors spur the market. Geographically, Asia Pacific string inverter market share witness considerable growth on account of increasing clean fuel electricity demand. Moreover, Government has introduced several initiatives including Jawaharlal Nehru National solar mission to encourage solar system adoption. As well as In the U.S., includes Renewable Energy Production Incentives introduced to encourage the adoption of renewable energy technologies which driving the market

Key Players

The major player operating in the market of Global String inverter are

  • SolarMax,
  • Huawei Technologies,
  • Sungrow Power Supply,
  • Fronius International,
  • KOSTAL Solar Electric,
  • Growatt New Energy Technology,
  • Schneider,
  • Ingeteam,
  • Ginlong Technologies,
  • Advanced Energy Industries,
  • KACO New Energy.

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Market Research Future Analysis:

Market Research Future analysis show that the global market of String Inverter market is estimated to grow at US $XX billion by the end of year 2022.Geographically, Asia Pacific dominates the global string inverter market with utilities segment .Utility-scale large projects are improving given regulations for renewable integration and accelerate growth of the string inverter market. Moreover, government also helps by providing policy support such as tax incentives, as well as incentives such as feed-in tariffs and tenders. It is estimated to rise in demand due to growth in demand for inverter. The global String Inverter is expected to grow at CAGR of XX% between years 2016 to 2022.

Asia pacific will be the largest market

Asia-Pacific is expected to be the largest market for string inverters, with China and India being the biggest markets in the region. String inverter market is estimated to dominate the global market during the forecast period, owing to factors such as government targets, policy support, and tenders & competitive bidding in the region.

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Table of Content

 1              Market Introduction             

1.1          Introduction

1.2          Scope Of Study

1.2.1      Research Objective

1.2.2      Assumptions

1.2.3      Limitations

1.3          Market Structure:

1.3.1      Global String Inverter Market: By Product

1.3.2      Global String Inverter Market: By Phase

1.3.3      Global String Inverter Market: By Application

1.3.5      Global String Inverter Market: By Region


2              Research Methodology

2.1          Research Type

2.2          Primary Researchpt

2.3          Secondary Research

2.4          Forecast Model

2.4.1      Market Data Collection, Analysis & Forecast

2.4.2      Market Size Estimation

2.4.3      Market Crackdown & Data Triangulation


3              Market Dynamics

3.1          Introduction

3.2          Market Drivers

3.3          Market Challenges

3.4          Market Opportunities

4              Executive Summary

5.            Market Factor Analysis


List of Tables

Table 1                Global String Inverter Market, By Product

Table 2                Global String Inverter Market, By Phase

Table 3                Global String Inverter Market, By Application

Table 4                Global String Inverter Market, By Regions

Table 5                North America String Inverter Market, By Country


List of Figures

Figure 1              Research Type

Figure 2              Global String Inverter Market: By Product (%)

Figure 3              Global String Inverter Market: By Phase (%)

Figure 4              Global String Inverter Market: By Application (%)


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