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String Inverter Market by Connection Type, Phase and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027

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    Report

  • 220 Pages
  • June 2020
  • Region: Global
  • Allied Market Research
  • ID: 5134128
Description Jump to:
The global string inverter market was valued at $3.1 billion in 2019, and is projected to reach $4.6 billion by 2027, growing at a CAGR of 6.3% from 2020 to 2027. String inverter is a system that converts DC power into AC power. Inverters are considered to be the main part of the solar system. It is gaining popularity over central inverter (type of solar inverter) in small utility projects nearly less than 1 MW. Sting inverters are increasingly used in the commercial, industrial, and utility sectors in the past five years. More than one string inverter is present in the solar system, depending on the size of the system.



Rapid increase in commercial & residential activities across the globe is a key factor driving the growth of the string inverter market. In addition, light weight, easy installation, high efficiency, and flexibility significantly contribute toward the growth of the global string inverter market. However, higher heat loss due to the larger size and absence of panel level monitoring are the key factors hampering the growth of the string inverter market globally. Conversely, government initiatives toward renewable and sustainable energy is expected to create potential growth opportunity for the key players operating in this market.

The global string inverters market is segmented on the basis of connection type, phase, end-use industry, and region. Depending on connection type, the market is categorized into on-grid and off-grid. On the basis of phase, it is bifurcated into single phase and three phase. By end-use industry, the market is fragmented into residential, commercial & industrial, and utilities. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
  • The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.
  • A comprehensive analysis of the factors that drive and restrict the growth of the global string inverter market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Estimations and forecast are based on factors impacting the global string inverter market growth, in terms of value.
  • The key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current global string inverter market trends and future estimations from 2020 to 2027, which helps identify the prevailing market opportunities.

KEY MARKET SEGMENTS

By Connection Type
  • On-Grid
  • Off-Grid

By Phase
  • Single Phase
  • Three Phase

By End-use Industry
  • Residential
  • Commercial & Industrial
  • Utilities

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • UAE
  • Rest of LAMEA

Key Market Players
  • SMA Technologies AG
  • Fimer S.p.A.
  • SolarEdge Technologies Ltd.
  • Ginlong Technologies
  • Siemens AG
  • Delta Electronics Public Co., Ltd.
  • Chint Group
  • SolarMax
  • Growatt New Energy Technology Co., Ltd.
  • Huawei Technologies Co., Ltd.

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Forces Shaping the Market
3.2.1. Moderate Bargaining Power of Suppliers
3.2.2. Moderate Threat of New Entrants
3.2.3. High Threat of Substitutes
3.2.4. Moderate Intensity of Competitive Rivalry
3.2.5. Low Bargaining Power of Buyers
3.3. Value Chain Analysis
3.4. Top Investment Pockets
3.5. Patent Analysis
3.5.1. By Region (2013-2019)
3.6. Market Dynamics
3.6.1. Drivers
3.6.1.1. Rapid Development in the Renewable Energy Sector
3.6.1.2. Easy Installation
3.6.2. Restraints
3.6.2.1. High Heat Loss
3.6.2.2. Absence of Panel Level Monitoring
3.6.3. Opportunities
3.6.3.1. Government Initiatives & Investment on Electrification of Remote and Rural Area Using Solar Energy
3.7. Impact of Corona (Covid-19) Outbreak on the Market
Chapter 4: Global String Inverter Market, by Connection Type
4.1. Overview
4.1.1. Market Size and Forecast, by Type
4.2. On-Grid
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Share Analysis, by Country
4.3. Off-Grid
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Share Analysis, by Country
Chapter 5: Global String Inverter Market, by Phase
5.1. Overview
5.1.1. Market Size and Forecast, by Phase
5.2. Single Phase
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Share Analysis, by Country
5.3. Three Phase
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Share Analysis, by Country
Chapter 6: Global String Inverter Market, by End-Use Industry
6.1. Overview
6.1.1. Market Size and Forecast, by End-Use Industry
6.2. Residential
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Share Analysis, by Country
6.3. Commercial & Industrial
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Share Analysis, by Country
6.4. Utilities
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Share Analysis, by Country
Chapter 7: String Inverter Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast, by Region
7.2. North America
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Connection Type
7.2.3. Market Size and Forecast, by Phase
7.2.4. Market Size and Forecast, by End-Use Industry
7.2.5. Market Size and Forecast, by Country
7.2.6. U. S.
7.2.6.1. Market Size and Forecast, by Connection Type
7.2.6.2. Market Size and Forecast, by Phase
7.2.6.3. Market Size and Forecast, by End-Use Industry
7.2.7. Canada
7.2.7.1. Market Size and Forecast, by Connection Type
7.2.7.2. Market Size and Forecast, by Phase
7.2.7.3. Market Size and Forecast, by End-Use Industry
7.2.8. Mexico
7.2.8.1. Market Size and Forecast, by Connection Type
7.2.8.2. Market Size and Forecast, by Phase
7.2.8.3. Market Size and Forecast, by End-Use Industry
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Connection Type
7.3.3. Market Size and Forecast, by Phase
7.3.4. Market Size and Forecast, by End-Use Industry
7.3.5. Market Size and Forecast, by Country
7.3.6. France
7.3.6.1. Market Size and Forecast, by Connection Type
7.3.6.2. Market Size and Forecast, by Phase
7.3.6.3. Market Size and Forecast, by End-Use Industry
7.3.7. Germany
7.3.7.1. Market Size and Forecast, by Connection Type
7.3.7.2. Market Size and Forecast, by Phase
7.3.7.3. Market Size and Forecast, by End-Use Industry
7.3.8. UK
7.3.8.1. Market Size and Forecast, by Connection Type
7.3.8.2. Market Size and Forecast, by Phase
7.3.8.3. Market Size and Forecast, by End-Use Industry
7.3.10. Spain
7.3.10.1. Market Size and Forecast, by Connection Type
7.3.10.2. Market Size and Forecast, by Phase
7.3.10.3. Market Size and Forecast, by End-Use Industry
7.3.11. Italy
7.3.11.1. Market Size and Forecast, by Connection Type
7.3.11.2. Market Size and Forecast, by Phase
7.3.11.3. Market Size and Forecast, by End-Use Industry
7.3.12. Rest of Europe
7.3.12.1. Market Size and Forecast, by Connection Type
7.3.12.2. Market Size and Forecast, by Phase
7.3.12.3. Market Size and Forecast, by End-Use Industry
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Connection Type
7.4.3. Market Size and Forecast, by Phase
7.4.4. Market Size and Forecast, by End-Use Industry
7.4.5. Market Size and Forecast, by Country
7.4.6. India
7.4.6.1. Market Size and Forecast, by Connection Type
7.4.6.2. Market Size and Forecast, by Phase
7.4.6.3. Market Size and Forecast, by End-Use Industry
7.4.7. China
7.4.7.1. Market Size and Forecast, by Connection Type
7.4.7.2. Market Size and Forecast, by Phase
7.4.7.3. Market Size and Forecast, by End-Use Industry
7.4.8. Japan
7.4.8.1. Market Size and Forecast, by Connection Type
7.4.8.2. Market Size and Forecast, by Phase
7.4.8.3. Market Size and Forecast, by End-Use Industry
7.4.10. South Korea
7.4.10.1. Market Size and Forecast, by Connection Type
7.4.10.2. Market Size and Forecast, by Phase
7.4.10.3. Market Size and Forecast, by End-Use Industry
7.4.11. Rest of Asia-Pacific
7.4.11.1. Market Size and Forecast, by Connection Type
7.4.11.2. Market Size and Forecast, by Phase
7.4.11.3. Market Size and Forecast, by End-Use Industry
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Connection Type
7.5.3. Market Size and Forecast, by Phase
7.5.4. Market Size and Forecast, by End-Use Industry
7.5.5. Market Size and Forecast, by Country
7.5.6. Brazil
7.5.6.1. Market Size and Forecast, by Connection Type
7.5.6.2. Market Size and Forecast, by Phase
7.5.6.3. Market Size and Forecast, by End-Use Industry
7.5.7. Saudi Arabia
7.5.7.1. Market Size and Forecast, by Connection Type
7.5.7.2. Market Size and Forecast, by Phase
7.5.7.3. Market Size and Forecast, by End-Use Industry
7.5.8. United Arab Emirates
7.5.8.1. Market Size and Forecast, by Connection Type
7.5.8.2. Market Size and Forecast, by Phase
7.5.8.3. Market Size and Forecast, by End-Use Industry
7.5.9. Rest of LAMEA
7.5.9.1. Market Size and Forecast, by Connection Type
7.5.9.2. Market Size and Forecast, by Phase
7.5.9.3. Market Size and Forecast, by End-Use Industry
Chapter 8: Competitive Landscape
8.1. Introduction
8.1.1. Market Player Positioning, 2019
8.2. Top Winning Strategies
8.2.1. Top Winning Strategies, by Year
8.2.2. Top Winning Strategies, by Development
8.2.3. Top Winning Strategies, by Company
8.3. Product Mapping of Top 10 Player
8.4. Competitive Heatmap
8.5. Key Developments
8.5.1. New Product Launches
8.5.2. Acquisition
Chapter 9: Company Profiles
9.1. Fimer S. P. A
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Product Portfolio
9.1.4. Key Strategic Moves and Developments
9.2. Chint Group
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Product Portfolio
9.3. Delta Electronics (Thailand) Public Co. Ltd.
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Product Portfolio
9.3.5. Business Performance
9.3.6. Key Strategic Moves and Developments
9.4. Solarmax
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Product Portfolio
9.5. Growatt New Energy Technology Co. Ltd.
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Product Portfolio
9.5.4. Key Strategic Moves and Developments
9.6. Huawei Technologies Co. Ltd.
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Product Portfolio
9.6.5. Business Performance
9.6.6. Key Strategic Moves and Developments
9.7. Siemens AG
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Operating Business Segments
9.7.4. Product Portfolio
9.7.5. Business Performance
9.7.6. Key Strategic Moves and Developments
9.8. Ginlong Technologies
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Product Portfolio
9.8.4. Key Strategic Moves and Developments
9.9. Solaredge Technologies Ltd.
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Product Portfolio
9.9.5. Business Performance
9.9.6. Key Strategic Moves and Developments
9.10. Sma Solar Technology AG
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Product Portfolio
9.10.5. Business Performance
9.10.6. Key Strategic Moves and Developments

Companies Mentioned

  • SMA Technologies AG
  • Fimer SpA
  • SolarEdge Technologies Ltd
  • Ginlong Technologies
  • Siemens AG
  • Delta Electronics Public Co Ltd
  • Chint Group
  • SolarMax
  • Growatt New Energy Technology Co Ltd
  • Huawei Technologies Co Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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