Summary
String inverters have the benefit of being a short-term cheaper solution due to the lower equipment need compared to microinverters. One string inverter can handle the energy produced from a row of 5-10 panels. Therefore you can save on the upfront equipment cost by buying one string inverter instead of 5-10 microinverters. However, the long-term costs associated with string inverters far outweigh the benefits.
This report contains market size and forecasts of Solar String Inverter in global, including the following market information:
Global Solar String Inverter Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Solar String Inverter Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Solar String Inverter companies in 2021 (%)
The global Solar String Inverter market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Three-phase Inverter Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Solar String Inverter include CPS America, Delta Electronics, KACO, Sungrow, Yaskawa Solectria Solar, Ginlong Technologies and Fronius, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Solar String Inverter manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Solar String Inverter Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Solar String Inverter Market Segment Percentages, by Type, 2021 (%)
Three-phase Inverter
Double-phase Inverter
Global Solar String Inverter Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Solar String Inverter Market Segment Percentages, by Application, 2021 (%)
Industrial
Utility
Residential Use
Others
Global Solar String Inverter Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Solar String Inverter Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Solar String Inverter revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Solar String Inverter revenues share in global market, 2021 (%)
Key companies Solar String Inverter sales in global market, 2017-2022 (Estimated), (Units)
Key companies Solar String Inverter sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
CPS America
Delta Electronics
KACO
Sungrow
Yaskawa Solectria Solar
Ginlong Technologies
Fronius
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