Global String Inverters Market to Reach $5.4 Billion by 2030
The global market for String Inverters estimated at US$3.6 Billion in the year 2022, is projected to reach a revised size of US$5.4 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030. Three, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$4.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Single segment is readjusted to a revised 4.5% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 4.7% CAGR
The String Inverters market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$932.8 Million by the year 2030 trailing a CAGR of 4.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.Select Competitors (Total 47 Featured) -
- ABB Ltd.
- CPS North America
- Delta Energy Systems (Germany) GmbH
- Fronius International GmbH
- Ginlong Technologies
- Growatt New Energy Technology Co., Ltd.
- Huawei Technologies Co., Ltd.
- KACO New Energy GmbH
- Samil Power Co., Ltd.
- Schneider Electric Solar
- SMA Solar Technology AG
- SolarEdge Technologies, Inc.
- Solarmax Group
- Sungrow Power Supply Co., Ltd.
- Yaskawa - Solectria Solar
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- CPS North America
- Delta Energy Systems (Germany) GmbH
- Fronius International GmbH
- Ginlong Technologies
- Growatt New Energy Technology Co., Ltd.
- Huawei Technologies Co., Ltd.
- KACO New Energy GmbH
- Samil Power Co., Ltd.
- Schneider Electric Solar
- SMA Solar Technology AG
- SolarEdge Technologies, Inc.
- Solarmax Group
- Sungrow Power Supply Co., Ltd.
- Yaskawa - Solectria Solar
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 247 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 3.6 Billion |
Forecasted Market Value ( USD | $ 5.4 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |