Los Angeles, CA -- (SBWire) -- 12/27/2018 --This report presents the worldwide String Inverters market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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String Inverter, it applies primarily to solar photovoltaic (PV)generation equipment. Grid Interactive or grid tied systems often use string inverters, while non-grid tied or non-grid interactive inverters use charge controllers. An inverter is a device which changes electricity from DC (direct current) into AC (alternating current).
String inverters are by far the most commonly deployed option globally and comprise the vast majority of the world's inverter market. However, MLPE technologies are rapidly gaining popularity and market share as their costs have come down despite the global dominance of string inverters.
The Asia Pacific is estimated to hold the largest market share for string inverter till 2023. The Government targets, policy support, incentives such as feed-in traffics and tenders, and competitive bidding in the region will drive string invertors market during the forecast period.
The String Inverters market was valued at 2850 Million US$ in 2017 and is projected to reach 5310 Million US$ by 2025, at a CAGR of 8.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for String Inverters.
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The following manufacturers are covered in this report:
Yaskawa
ABB
SMA Solar
Solaredge
Sungrow
Fronius
Solarmax
Delta
Eaton Corp
Chint
String Inverters Breakdown Data by Type
Single-Phase
Three-Phase
String Inverters Breakdown Data by Application
Residential
Commercial
Key Regions split in this report: North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America, Brazil, Rest of South America, Middle East & Africa, GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa
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The study objectives are:
To analyze and research the global String Inverters status and future forecast?involving, production, revenue, consumption, historical and forecast.
To present the key String Inverters manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of String Inverters :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of String Inverters market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is con
String Inverters Market Size, Growth Drivers, Opportunity and Forecast 2025: QY Research
QY Research always aims at offering their clients an in-depth analysis and the best research material of the Global Market. This new report on the Global String Inverters Market is committed to fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this String Inverters Market report is collected by research and industry experts.