The Global String Inverter Market is estimated to be USD 4.3 Bn in 2023 and is expected to reach USD 5.98 Bn by 2028 growing at a CAGR of 6.81%.Rapid development in the renewable energy sector and easy installation of string inverters are the key factors
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
- The Global String Inverter Market is segmented based on Phase, System Type, Power, End-Users, and Geography.
- By Phase, the market is classified into Single-phase and Three Phase.
- By System Type, the market is classified into On-Grid and Off-Grid.
- By Power, the market is classified into Upto 10 kW, 11 kW-40 kW, 41 kW-80 kW, and Above 80 kW.
- By End-Users, the market is classified into Commercial & Industrial and Utilities.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Ginlong Technologies Co. Ltd., Growatt New Energy Technology Co Ltd., Huawei Technologies Co. Ltd., HyECO Power Tech Co. Ltd., etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global String Inverter Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global String Inverter Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global String Inverter Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global String Inverter Market, By Phase
7 Global String Inverter Market, By System Type
8 Global String Inverter Market, By Power
9 Global String Inverter Market, By End-Users
10 Americas' String Inverter Market
11 Europe's String Inverter Market
12 Middle East and Africa's String Inverter Market
13 APAC's String Inverter Market
14 Competitive Landscape
15 Company Profiles
16 Appendix
Companies Mentioned
- ABB Ltd.
- Advanced Energy Industries Inc
- Chint Power Systems Co. Ltd.
- Delta Energy Systems GmbH
- Fronius International GmbH
- Ginlong Technologies Co. Ltd.
- Growatt New Energy Technology Co Ltd.
- Huawei Technologies Co. Ltd.
- HyECO Power Tech Co. Ltd.
- Ingeteam
- KACO new energy GmbH
- KOSTAL Solar Electric
- Ningbo Ginlong Technologies
- Samil Power Co. Ltd.
- Schneider Electric SE
- Shenzhen SORO Electronics
- SMA Solar Technology Ag
- SolarEdge Technologies Inc.
- SolarMax Technology Inc.
- Sungrow Power Supply Co. Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 208 |
Published | February 2024 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 4.3 Billion |
Forecasted Market Value ( USD | $ 5.98 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
No. of Companies Mentioned | 20 |