デフォルト表紙
市場調査レポート
商品コード
1561625

ストリングインバーター市場レポート:接続タイプ、フェーズ、定格電力、最終用途、地域別、2024年~2032年

String Inverter Market Report by Connection Type (On-Grid, Off-Grid), Phase (Single Phase, Three Phase), Power Rating (Up to 10kW, 11kW to 40kW, 41kW to 80kW, Above 80kW), End Use (Residential, Commercial and Industrial, Utilities), and Region 2024-2032


出版日
発行
IMARC
ページ情報
英文 148 Pages
納期
2~3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.99円
ストリングインバーター市場レポート:接続タイプ、フェーズ、定格電力、最終用途、地域別、2024年~2032年
出版日: 2024年09月10日
発行: IMARC
ページ情報: 英文 148 Pages
納期: 2~3営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のストリングインバーター市場の市場規模は2023年に38億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけての成長率(CAGR)は5.3%を示し、2032年には61億米ドルに達すると予測しています。同市場は、再生可能エネルギー源の採用増加、エネルギー効率の高い技術に対する需要の高まり、有利な政府政策とインセンティブ、インバータ技術の大幅な進歩、スマートグリッド技術の統合、マイクログリッドの人気の高まりによって推進されています。

ストリングインバーター市場分析:

  • 主な市場促進要因:主な市場促進要因:再生可能エネルギー源の採用増加、エネルギー効率の高い技術に対する需要の高まり、有利な政府政策とインセンティブは、この業界の主な市場促進要因の一部です。
  • 主要市場動向:主な市場動向には、スマートグリッド技術の統合、マイクログリッドの普及拡大、分散型エネルギー資源への注目の高まりなどがあります。
  • 地理的動向:急速な都市化と工業化、有利な政府の取り組みと太陽エネルギー支援、再生可能エネルギーインフラへの投資の増加が、アジア太平洋地域のストリング・インバータ需要を促進しています。
  • 競合情勢:ストリング・インバータ業界の主要市場プレーヤーには、ABB Ltd.、Chint Power Systems、Delta Electronics(Thailand)PCL、Fronius International GmbH、Ginlong Technologies Co.Ltd.、Huawei Technologies Co.Ltd.、Schneider Electric SE、Siemens AG、SMA Solar Technology AG、SolarEdge Technologies Inc.、SOLARMAX GmbH、Sungrow Power Supply Co.Ltd.などがあります。
  • 課題と機会:課題としては、設置にかかる初期コストの高さ、代替インバータ技術との競合、ストリング・インバータに関する不確実性などが挙げられます。一方、屋上太陽光発電設備の市場拡大、インバータ設計の大幅な技術進歩、分散型発電の需要増加などは、最近の主なストリングインバーター市場機会です。

ストリングインバーター市場傾向:

再生可能エネルギー源の採用増加

世界のストリングインバーター市場は、再生可能エネルギー源、特に太陽光発電の採用増加によって大きく牽引されています。IRENA(INTERNATIONAL RENEWABLE ENERGY AGENCY)によると、COVID-19の突然の流行にもかかわらず、2020年には260GW以上の再生可能エネルギー容量が設置され、ストリングインバーター市場の成長にプラスの影響を与えています。世界各国の政府は、温室効果ガスの排出を削減し、気候変動と闘うことを目的として、クリーンエネルギーの利用を促進するための政策やインセンティブを実施しています。その結果、太陽光発電(PV)システムの設置が大幅に増加しています。PVシステムは、ソーラーパネルで発電された直流(DC)を家庭や企業で使用する交流(AC)に変換するストリング・インバータに依存しています。再生可能エネルギーへの移行は、環境問題への懸念と持続可能なエネルギー・ソリューションの必要性によって推進される必然です。ストリング・インバータは太陽光発電システムに不可欠なコンポーネントであるため、このような太陽光発電設備の増加はストリング・インバータの需要に直接影響します。

エネルギー効率の高い技術に対する需要の増加

エネルギー効率の高い技術に対する需要の高まりも、世界のストリングインバーター市場を牽引する重要な要因です。エネルギー効率は、エネルギー消費の削減、運用コストの削減、環境フットプリントの最小化を目指す消費者と企業の双方にとって、重要な重点分野となっています。IEA(INTERNATIONAL ENERGY AGENCY)によると、エネルギー効率を改善することで、2040年までに世界の気候変動目標を達成するために必要なエネルギー関連の温室効果ガス排出量の40%以上を削減できるといいます。このことは、持続可能性目標を達成する上で、ストリング・インバータのようなエネルギー効率の高い技術が重要であることを強調しています。ストリング・インバータは、直流電力から交流電力への変換を最小限の損失で最大化することで、太陽光発電システムのエネルギー効率を高め、前向きなストリングインバーター市場展望を生み出す上で重要な役割を果たしています。

有利な政府政策とインセンティブ

好ましい政府の政策とインセンティブは、ストリングインバーター市場の展望を明るいものにする上で極めて重要です。世界各国の政府は、再生可能エネルギーの導入を奨励し、太陽光発電システムの導入を支援するために、さまざまな施策を実施しています。これらの施策には、補助金、税額控除、固定価格買取制度、再生可能エネルギー証書などが含まれ、これらはすべて、太陽光発電設備の経済的な魅力を高め、より多くの人々が利用できるようにするものです。多くの国々で、太陽光エネルギー政策は、野心的な再生可能エネルギー目標を達成し、化石燃料への依存を減らすことを目的としています。例えば欧州連合(EU)は、2030年までにエネルギーの32%を再生可能エネルギーで賄うという目標を掲げています。こうした取り組みが太陽光発電システムの導入を促進し、結果としてストリングインバーター市場の収益にプラスに寄与しています。

本レポートで扱う主な質問

  • 世界のストリングインバーター市場はこれまでどのように推移してきたか?
  • ストリングインバーター市場の世界における促進要因、抑制要因、機会は何か?
  • 促進要因、抑制要因、機会が世界のストリングインバーター市場に与える影響は?
  • 主要な地域市場とは?
  • 最も魅力的なストリングインバーター市場はどの国か?
  • 接続タイプ別の市場内訳は?
  • ストリングインバーター市場で最も魅力的な接続タイプは?
  • フェーズ別の市場内訳は?
  • ストリングインバーター市場で最も魅力的なフェーズは?
  • 定格電力による市場内訳は?
  • ストリングインバーター市場で最も魅力的な定格出力は?
  • 最終用途別の市場内訳は?
  • ストリングインバーター市場で最も魅力的な最終用途は?
  • 市場の競合構造は?
  • 世界のストリングインバーター市場における主要プレーヤー/企業は?

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界のストリングインバーター市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:接続タイプ別

  • オングリッド
    • 市場動向
    • 市場予測
  • オフグリッド
    • 市場動向
    • 市場予測

第7章 市場内訳:フェーズ別

  • 単相
    • 市場動向
    • 市場予測
  • 三相
    • 市場動向
    • 市場予測

第8章 市場内訳:出力別

  • 10kW未満
    • 市場動向
    • 市場予測
  • 11kW~40kW
    • 市場動向
    • 市場予測
  • 41kW~80kW
    • 市場動向
    • 市場予測
  • 80kW以上
    • 市場動向
    • 市場予測

第9章 市場内訳:最終用途別

  • 住宅
    • 市場動向
    • 市場予測
  • 商業・産業
    • 市場動向
    • 市場予測
  • ユーティリティ
    • 市場動向
    • 市場予測

第10章 市場内訳:地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋地域
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ
    • 市場動向
    • 市場内訳:国別
    • 市場予測

第11章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第14章 価格分析

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • ABB Ltd.
    • Chint Power Systems
    • Delta Electronics(Thailand)PCL
    • Fronius International GmbH
    • Ginlong Technologies Co. Ltd.
    • Huawei Technologies Co. Ltd.
    • Schneider Electric SE
    • Siemens AG
    • SMA Solar Technology AG
    • SolarEdge Technologies Inc.
    • SOLARMAX GmbH
    • Sungrow Power Supply Co. Ltd.
図表

List of Figures

  • Figure 1: Global: String Inverter Market: Major Drivers and Challenges
  • Figure 2: Global: String Inverter Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: String Inverter Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: String Inverter Market: Breakup by Connection Type (in %), 2023
  • Figure 5: Global: String Inverter Market: Breakup by Phase (in %), 2023
  • Figure 6: Global: String Inverter Market: Breakup by Power Rating (in %), 2023
  • Figure 7: Global: String Inverter Market: Breakup by End Use (in %), 2023
  • Figure 8: Global: String Inverter Market: Breakup by Region (in %), 2023
  • Figure 9: Global: String Inverter (On-Grid) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 10: Global: String Inverter (On-Grid) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 11: Global: String Inverter (Off-Grid) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: String Inverter (Off-Grid) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: String Inverter (Single Phase) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: String Inverter (Single Phase) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: String Inverter (Three Phase) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: String Inverter (Three Phase) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: String Inverter (Up to 10kW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: String Inverter (Up to 10kW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: String Inverter (11kW to 40kW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: String Inverter (11kW to 40kW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: String Inverter (41kW to 80kW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: String Inverter (41kW to 80kW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: String Inverter (Above 80kW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: String Inverter (Above 80kW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: String Inverter (Residential) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: String Inverter (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: String Inverter (Commercial and Industrial) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: String Inverter (Commercial and Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: String Inverter (Utilities) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: String Inverter (Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: North America: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: North America: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: United States: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: United States: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: Canada: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: Canada: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: Asia-Pacific: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: Asia-Pacific: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: China: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: China: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Japan: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Japan: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: India: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: India: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: South Korea: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: South Korea: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: Australia: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: Australia: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: Indonesia: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: Indonesia: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: Others: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 52: Others: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 53: Europe: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 54: Europe: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 55: Germany: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 56: Germany: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 57: France: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 58: France: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 59: United Kingdom: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 60: United Kingdom: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 61: Italy: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 62: Italy: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 63: Spain: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 64: Spain: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 65: Russia: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 66: Russia: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 67: Others: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 68: Others: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 69: Latin America: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 70: Latin America: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 71: Brazil: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 72: Brazil: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: Mexico: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 74: Mexico: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 75: Others: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 76: Others: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 77: Middle East and Africa: String Inverter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 78: Middle East and Africa: String Inverter Market: Breakup by Country (in %), 2023
  • Figure 79: Middle East and Africa: String Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Global: String Inverter Industry: SWOT Analysis
  • Figure 81: Global: String Inverter Industry: Value Chain Analysis
  • Figure 82: Global: String Inverter Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: String Inverter Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: String Inverter Market Forecast: Breakup by Connection Type (in Million US$), 2024-2032
  • Table 3: Global: String Inverter Market Forecast: Breakup by Phase (in Million US$), 2024-2032
  • Table 4: Global: String Inverter Market Forecast: Breakup by Power Rating (in Million US$), 2024-2032
  • Table 5: Global: String Inverter Market Forecast: Breakup by End Use (in Million US$), 2024-2032
  • Table 6: Global: String Inverter Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: String Inverter Market: Competitive Structure
  • Table 8: Global: String Inverter Market: Key Players
目次
Product Code: SR112024A4638

The global string inverter market size reached US$ 3.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032. The market is propelled by the increasing adoption of renewable energy sources, rising demand for energy-efficient technologies, favorable government policies and incentives, significant advancements in inverter technology, integration of smart grid technology, and growing popularity of microgrids.

String Inverter Market Analysis:

  • Major Market Drivers: Increasing adoption of renewable energy sources, rising demand for energy-efficient technologies, and favorable government policies and incentives, are some of the major market drivers of the industry.
  • Key Market Trends: Some of the key market trends include integration of smart grid technology, increasing popularity of microgrids, and increasing focus on distributed energy resources.
  • Geographical Trends: Rapid urbanization and industrialization, favorable government initiatives and supporting solar energy, and increasing investments in renewable energy infrastructure are propelling the string inverter demand across the Asia Pacific region.
  • Competitive Landscape: Some of the major market players in the string inverter industry include ABB Ltd., Chint Power Systems, Delta Electronics (Thailand) PCL, Fronius International GmbH, Ginlong Technologies Co. Ltd., Huawei Technologies Co. Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc., SOLARMAX GmbH and Sungrow Power Supply Co. Ltd., among many others.
  • Challenges and Opportunities: Some of the challenges include high initial costs of installation, competition from alternative inverter technologies, and uncertainties related to string inverters. Whereas, expanding market for rooftop solar installations, significant technological advancements in inverter design, and increasing demand for decentralized power generation are some of the major string inverter market recent opportunities.

String Inverter Market Trends:

Increasing Adoption of Renewable Energy Sources

The global string inverter market is significantly driven by the increasing adoption of renewable energy sources, particularly solar power. According to the INTERNATIONAL RENEWABLE ENERGY AGENCY (IRENA), the despite the sudden COVID-19 pandemic, more than 260 GW of renewable energy capacity were installed in 2020, positively impacting the string inverter market growth. Governments worldwide are implementing policies and incentives to promote the use of clean energy, aiming to reduce greenhouse gas emissions and combat climate change. As a result, there has been a substantial increase in the installation of solar photovoltaic (PV) systems, which rely on string inverters to convert the direct current (DC) generated by solar panels into alternating current (AC) for use in homes and businesses. The transition to renewable energy is a necessity driven by environmental concerns and the need for sustainable energy solutions. This rise in solar installations directly impacts the demand for string inverters, as they are essential components in solar power systems.

Increasing Demand for Energy-Efficient Technologies

The rising demand for energy-efficient technologies is another crucial factor driving the global string inverter market. Energy efficiency has become a key focus area for both consumers and businesses aiming to reduce energy consumption, lower operational costs, and minimize their environmental footprint. According to the INTERNATIONAL ENERGY AGENCY (IEA), improving energy efficiency could deliver more than 40% of the reduction in energy-related greenhouse gas emissions needed to meet global climate goals by the year 2040. This underscores the importance of energy-efficient technologies such as string inverters in achieving sustainability targets. String inverters play a vital role in enhancing the energy efficiency of solar PV systems by maximizing the conversion of DC power to AC power with minimal losses, thereby creating a positive string inverter market outlook.

Favorable Government Policies and Incentives

Favorable government policies and incentives are pivotal in creating a positive string inverter market overview. Governments around the world are implementing various measures to encourage the adoption of renewable energy and support the deployment of solar power systems. These measures include subsidies, tax credits, feed-in tariffs, and renewable energy certificates, all of which make solar installations more financially attractive and accessible to a broader audience. In many countries, solar energy policies are designed to achieve ambitious renewable energy targets and reduce dependence on fossil fuels. For instance, the European Union has set a target to achieve 32% of its energy from renewable sources by 2030. Such initiatives drive the adoption of solar PV systems, consequently contributing to a positive string inverter market revenue.

String Inverter Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on connection type, phase, power rating, and end use.

Breakup by Connection Type:

  • On-Grid
  • Off-Grid

On-grid accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the connection type. This includes on-grid and off-grid. According to the report, on-grid represented the largest segment.

The on-grid holds the largest string inverter market share due to its integration with the existing power grid, which ensures a reliable and continuous power supply. On-grid systems allow for the excess electricity generated by solar panels to be fed back into the grid, providing financial incentives such as net metering. This connection type is highly favored in urban and suburban areas where grid infrastructure is already established, making it more cost-effective and efficient. Additionally, on-grid systems benefit from government incentives and policies promoting renewable energy integration, further driving their dominance in the market.

Breakup by Phase:

  • Single Phase
  • Three Phase

Three phase holds the largest share of the industry

A detailed breakup and analysis of the market based on the phase have also been provided in the string inverter market report. This includes single phase and three phase. According to the report, three phase accounted for the largest market share.

The three-phase segment is the largest in the string inverter market due to its high efficiency and suitability for large-scale commercial and industrial solar installations. Three-phase inverters handle higher power loads and provide a more balanced power supply, making them ideal for applications requiring substantial energy output. Their ability to reduce power losses and improve the stability of the electrical grid further enhances their adoption. Additionally, the growing demand for renewable energy solutions in industrial sectors, which often require robust and reliable power systems, contributes to the dominance of the three-phase segment in the market.

Breakup by Power Rating:

  • Up to 10kW
  • 11kW to 40kW
  • 41kW to 80kW
  • Above 80kW

41kW to 80kW represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the power rating. This includes up to 10kW, 11kW to 40 kW, 41kW to 80kW, above 80kW. According to the report, 41 kW to 80kW represented the largest segment.

The 41kW to 80kW power rating segment is the largest in the string inverter market due to its optimal balance of capacity and efficiency for commercial and industrial applications. These inverters are highly suitable for medium-sized installations, such as commercial buildings, factories, and large-scale residential projects, where higher power output and reliable performance are essential. Their scalability and cost-effectiveness make them a preferred choice for businesses seeking to maximize energy production while minimizing installation and operational costs. According to the string inverter market forecast, this segment accounted for a significant market share, driven by the growing demand for robust and efficient solar power solutions.

Breakup by End Use:

  • Residential
  • Commercial and Industrial
  • Utilities

Utilities exhibits a clear dominance in the market

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes residential, commercial and industrial, and utilities. According to the report, utilities accounted for the largest market share.

Utilities are the largest segment in the string inverter market by end use because they manage large-scale solar power installations, which require high-capacity inverters to efficiently convert and distribute energy. These utility-scale projects benefit from economies of scale, driving significant demand for advanced string inverters. Additionally, the transition toward renewable energy sources to meet regulatory targets and reduce carbon footprints has led utilities to invest heavily in solar infrastructure. This investment ensures a steady and substantial demand for string inverters, cementing utilities as the dominant segment in the market.

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Asia Pacific leads the market, accounting for the largest string inverter market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest regional market for string inverter.

Asia Pacific is the largest segment in the global string inverter market due to rapid urbanization, industrialization, and significant government initiatives promoting renewable energy. Countries such as China and India have implemented ambitious solar energy targets and substantial investments in solar infrastructure. The abundant solar potential of the region, combined with declining costs of solar PV systems, further drives adoption. Additionally, supportive policies, subsidies, and favorable regulatory frameworks enhance market growth. Besides this, the Asia Pacific region also benefits from a growing awareness about environmental sustainability and the urgent need to reduce carbon emissions, which drives both governmental and private sector investments in solar energy. The robust economic growth in this region increases energy demand, encouraging the adoption of efficient and renewable energy sources.

Competitive Landscape:

  • The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major string inverter companies include ABB Ltd., Chint Power Systems, Delta Electronics (Thailand) PCL, Fronius International GmbH, Ginlong Technologies Co. Ltd., Huawei Technologies Co. Ltd., Schneider Electric SE, Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc., SOLARMAX GmbH and Sungrow Power Supply Co. Ltd.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

  • String inverter market recent developments include rising investments in research and development to enhance inverter efficiency and performance and introduction of innovative products with advanced features such as real-time monitoring, smart grid compatibility, and enhanced durability. These players are also expanding their production capacities and establishing strategic partnerships and collaborations to increase their market reach. Additionally, key players are focusing on expanding their geographical presence, particularly in emerging markets such as Asia Pacific, by setting up local manufacturing units and service centers. They are also actively involved in providing comprehensive after-sales services and training programs to installers and end-users, ensuring the optimal use and maintenance of their products. These efforts collectively bolster the growth of the global string inverter market. .

String Inverter Market News:

  • October 6 2023: SUNGROW, a global leader in renewable energy solutions, has launched new products in India during REI 2023 to support the energy transition of the nation. These solutions also include a new generation 320kW string inverter SG320HX-20.

Key Questions Answered in This Report:

  • How has the global string inverter market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global string inverter market?
  • What is the impact of each driver, restraint, and opportunity on the global string inverter market?
  • What are the key regional markets?
  • Which countries represent the most attractive string inverter market?
  • What is the breakup of the market based on the connection type?
  • Which is the most attractive connection type in the string inverter market?
  • What is the breakup of the market based on the phase?
  • Which is the most attractive phase in the string inverter market?
  • What is the breakup of the market based on the power rating?
  • Which is the most attractive power rating in the string inverter market?
  • What is the breakup of the market based on the end use?
  • Which is the most attractive end use in the string inverter market?
  • What is the competitive structure of the market?
  • Who are the key players/companies in the global string inverter market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global String Inverter Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Connection Type

  • 6.1 On-Grid
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Off-Grid
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Phase

  • 7.1 Single Phase
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Three Phase
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Power Rating

  • 8.1 Up to 10kW
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 11kW to 40kW
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 41kW to 80kW
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Above 80kW
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast

9 Market Breakup by End Use

  • 9.1 Residential
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Commercial and Industrial
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Utilities
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 ABB Ltd.
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 Chint Power Systems
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
    • 15.3.3 Delta Electronics (Thailand) PCL
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 Fronius International GmbH
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
    • 15.3.5 Ginlong Technologies Co. Ltd.
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 Financials
    • 15.3.6 Huawei Technologies Co. Ltd.
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
    • 15.3.7 Schneider Electric SE
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Siemens AG
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 SMA Solar Technology AG
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
      • 15.3.9.3 Financials
      • 15.3.9.4 SWOT Analysis
    • 15.3.10 SolarEdge Technologies Inc.
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
    • 15.3.11 SOLARMAX GmbH
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
    • 15.3.12 Sungrow Power Supply Co. Ltd.
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
      • 15.3.12.3 Financials