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String Inverter Market Research Report Information By Product (On-grid and Off-grid), By Phase (Single and Three), By Application (Residential, Commercial, Industrial, and Utilities), and By Region (North America, Asia-Pacific, Europe, And Rest Of The World) – Global Industry Size, Share, Growth, Trends and Forecast To 2032


ID: MRFR/E&P/1551-HCR | 188 Pages | Author: Priya Nagrale| April 2024

String Inverter Market Segmentation


String Inverter Product Outlook (USD Billion, 2018-2032)




  • On-grid




  • Off-grid




String Inverter Phase Outlook (USD Billion, 2018-2032)




  • Single




  • Three




String Inverter Application Outlook (USD Billion, 2018-2032)




  • Residential




  • Commercial




  • Industrial




  • Utilities




String Inverter Regional Outlook (USD Billion, 2018-2032)




  • North America Outlook (USD Billion, 2018-2032)




    • North America String Inverter by Product




      • On-grid




      • Off-grid






    • North America String Inverter by Phase




      • Single




      • Three






    • North America String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities










  • US Outlook (USD Billion, 2018-2032)







    • US String Inverter by Product




      • On-grid




      • Off-grid






    • US String Inverter by Phase




      • Single




      • Three






    • US String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities







  • CANADA Outlook (USD Billion, 2018-2032)




    • CANADA String Inverter by Product




      • On-grid




      • Off-grid






    • CANADA String Inverter by Phase




      • Single




      • Three






    • CANADA String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • Europe Outlook (USD Billion, 2018-2032)




    • Europe String Inverter by Product




      • On-grid




      • Off-grid






    • Europe String Inverter by Phase




      • Single




      • Three






    • Europe String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • Germany Outlook (USD Billion, 2018-2032)




    • Germany String Inverter by Product




      • On-grid




      • Off-grid






    • Germany String Inverter by Phase




      • Single




      • Three






    • Germany String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • France Outlook (USD Billion, 2018-2032)




    • France String Inverter by Product




      • On-grid




      • Off-grid






    • France String Inverter by Phase




      • Single




      • Three






    • France String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • UK Outlook (USD Billion, 2018-2032)




    • UK String Inverter by Product




      • On-grid












      • Off-grid









    • UK String Inverter by Phase




      • Single




      • Three






    • UK String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities







  • ITALY Outlook (USD Billion, 2018-2032)




    • ITALY String Inverter by Product




      • On-grid




      • Off-grid






    • ITALY String Inverter by Phase




      • Single




      • Three






    • ITALY String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities










  • Spain Outlook (USD Billion, 2018-2032)




    • Spain String Inverter by Product




      • On-grid




      • Off-grid






    • Spain String Inverter by Phase




      • Single




      • Three






    • Spain String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities










  • Rest Of Europe Outlook (USD Billion, 2018-2032)




    • Rest Of Europe String Inverter by Product




      • On-grid




      • Off-grid






    • REST OF EUROPE String Inverter by Phase




      • Single




      • Three






    • REST OF EUROPE String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • Asia-Pacific Outlook (USD Billion, 2018-2032)




    • Asia-Pacific String Inverter by Product




      • On-grid




      • Off-grid






    • Asia-Pacific String Inverter by 9




      • Single




      • Three






    • Asia-Pacific String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • China Outlook (USD Billion, 2018-2032)




    • China String Inverter by Product




      • On-grid




      • Off-grid






    • China String Inverter by Phase




      • Single




      • Three






    • China String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • Japan Outlook (USD Billion, 2018-2032)




    • Japan String Inverter by Product




      • On-grid




      • Off-grid






    • Japan String Inverter by Phase




      • Single




      • Three






    • Japan String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • India Outlook (USD Billion, 2018-2032)




    • India String Inverter by Product




      • On-grid




      • Off-grid






    • India String Inverter by Phase




      • Single




      • Three






    • India String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • Australia Outlook (USD Billion, 2018-2032)




    • Australia String Inverter by Product




      • On-grid




      • Off-grid






    • Australia String Inverter by Phase




      • Single




      • Three






    • Australia String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)




    • Rest of Asia-Pacific String Inverter by Product




      • On-grid




      • Off-grid






    • Rest of Asia-Pacific String Inverter by Phase




      • Single




      • Three






    • Rest of Asia-Pacific String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities








  • Rest of the World Outlook (USD Billion, 2018-2032)




    • Rest of the World String Inverter by Product




      • On-grid




      • Off-grid






    • Rest of the World String Inverter by Phase




      • Single




      • Three






    • Rest of the World String Inverter by Application




      • Residential




      • Commercial




      • Industrial




      • Utilities










  • Middle East Outlook (USD Billion, 2018-2032)




    • Middle East String Inverter by Product




      • On-grid




      • Off-grid






    • Middle East String Inverter by Phase




      • Single




      • Three






    • Middle East String Inverter by Application




      • Store-based




      • Non-store based








  • Africa Outlook (USD Billion, 2018-2032)




    • Africa String Inverter by Product




      • On-grid




      • Off-grid






    • Africa String Inverter by Phase




      • Single




      • Three






    • Africa String Inverter by Application




      • Store-based




      • Non-store based








  • Latin America Outlook (USD Billion, 2018-2032)




    • Latin America String Inverter by Product




      • On-grid




      • Off-grid






    • Latin America String Inverter by Phase




      • Single




      • Three






    • Latin America String Inverter by Application




      • Store-based




      • Non-store based







Research Methodology on String Inverter Market


Introduction


The key objective of this research is to understand the current trends and market dynamics of the string inverter market to provide insights into the potential future growth of this market. This research report focuses on the study of the present scenario of the string inverter market with various tools and techniques such as SWOT analysis, Porter's Five Forces model, and market attractiveness analysis. The report also includes qualitative factors such as pricing strategy, value chain analysis, marketing strategy effectiveness, regulatory framework and market entry strategies.


The basis of this research is a review of the current market environment of string inverters, as well as the relevant literature on the topic. The study assesses the potential of the string inverter market in terms of growth, market share, and revenue from 2023-2030 by forecasting the market size and analysing the dynamics of the overall market.


Research Methodology


A comprehensive research methodology was used in this study in order to provide an in-depth insight into the string inverter market. Data was sourced from secondary resources such as press releases, company websites, market research firm databases and directories, and industry journals. Financial data was also obtained from the company's annual reports, industry publications, government reports and other industry sources.


Data was collected through primary and secondary research. In primary research, an in-depth questionnaire was administered to industry experts and industry professionals to gain a deeper understanding of the market dynamics and the current trends in the string inverter market.


For the secondary research, a thorough literature review was conducted based on relevant databases such as Factiva, LexisNexis, Thomson Reuters, Mintel, and other online databases. This included company annual report filings, government sources, industry reports, white papers, and research reports.


The market size was calculated by combining historical market information with current market information. The model used was based on a top-down approach which involved breaking down the market into its various segments and then sizing the individual segments based on their market potential and contribution to the overall market.


The data analysis techniques used in this report include Porter’s Five Forces Model to better understand the competitive environment of the market, SWOT analysis to identify key industry strengths, weaknesses, opportunities, and threats, and market attractiveness analysis to determine the most attractive segments and sub-segments.


The data collected was then assimilated and analyzed to understand the current trends and prospects in terms of the string inverter market. The market size was identified by analyzing the global string inverter market in terms of value and volume sales. Finally, the research was validated using the triangulation method by comparing the data obtained from the primary and secondary sources.


The report was further validated by conducting a sensitivity analysis to determine the potential changes in the market size due to changes in factors such as price. The report also includes a detailed analysis of the regional markets such as North America, Europe, Asia-Pacific, and the Rest of the World (ROW). This was done to gain a better understanding of the global trends in the string inverter market.


Conclusion


This study proves to be an effective tool in understanding the current and potential growth of the string inverter market and provides useful information that can be beneficial for current and future strategic decisions. The research also provides insights into the regional markets, enabling companies to identify profitable market segments and craft effective strategies for gaining a competitive advantage.

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TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE:

1.3.1 GLOBAL STRING INVERTER MARKET: BY PRODUCT

1.3.2 GLOBAL STRING INVERTER MARKET: BY PHASE

1.3.3 GLOBAL STRING INVERTER MARKET: BY APPLICATION

1.3.5 GLOBAL STRING INVERTER MARKET: BY REGION

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCHPT

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

2.4.3 MARKET CRACKDOWN & DATA TRIANGULATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 GLOBAL STRING INVERTER MARKET

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY PRODUCT

6.2.1.1 ON-GRID

6.2.1.2 OFF-GRID

6.2.2 BY PHASE

6.2.2.1 SINGLE

6.2.2.2 THREE

6.2.3 BY APPLICATION

6.2.3.1 RESIDENTIAL

6.2.3.2 COMMERCIAL

6.2.3.3 INDUSTRIAL

6.2.3.4 UTILITIES

6.2.4 BY GEOGRAPHY

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA-PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 SOLARMAX

7.2.2 HUAWEI TECHNOLOGIES

7.2.3 SUNGROW POWER SUPPLY

7.2.4 FRONIUS INTERNATIONAL

7.2.5 KOSTAL SOLAR ELECTRIC

7.2.6 GROWATT NEW ENERGY TECHNOLOGY

7.2.7 SCHNEIDER

7.2.8 INGETEAM

7.2.9 GINLONG TECHNOLOGIES

7.2.10 ADVANCED ENERGY INDUSTRIES

7.2.11 OTHERS

List of Tables

TABLE 1 GLOBAL STRING INVERTER MARKET, BY PRODUCT

TABLE 2 GLOBAL STRING INVERTER MARKET, BY PHASE

TABLE 3 GLOBAL STRING INVERTER MARKET, BY APPLICATION

TABLE 4 GLOBAL STRING INVERTER MARKET, BY REGIONS

TABLE 5 NORTH AMERICA STRING INVERTER MARKET, BY COUNTRY

TABLE 6 NORTH AMERICA STRING INVERTER MARKET, BY PRODUCT

TABLE 7 NORTH AMERICA STRING INVERTER MARKET, BY PHASE

TABLE 8 NORTH AMERICA STRING INVERTER MARKET, BY APPLICATION

TABLE 9 U.S. STRING INVERTER MARKET, BY PRODUCT

TABLE 10 U.S. STRING INVERTER MARKET, BY PHASE

TABLE 11 U.S. STRING INVERTER MARKET, BY APPLICATION

TABLE 12 CANADA STRING INVERTER MARKET, BY PRODUCT

TABLE 13 CANADA STRING INVERTER MARKET, BY PHASE

TABLE 14 CANADA STRING INVERTER MARKET, BY APPLICATION

TABLE 15 EUROPE STRING INVERTER MARKET, BY COUNTRY

TABLE 16 EUROPE STRING INVERTER MARKET, BY PRODUCT

TABLE 17 EUROPE STRING INVERTER MARKET, BY PHASE

TABLE 18 EUROPE STRING INVERTER MARKET, BY APPLICATION

TABLE 19 GERMANY STRING INVERTER MARKET, BY PRODUCT

TABLE 20 GERMANY STRING INVERTER MARKET, BY PHASE

TABLE 21 GERMANY STRING INVERTER MARKET, BY APPLICATION

TABLE 22 FRANCE STRING INVERTER MARKET, BY PRODUCT

TABLE 23 FRANCE STRING INVERTER MARKET, BY PHASE

TABLE 24 FRANCE STRING INVERTER MARKET, BY APPLICATION

TABLE 25 U.K. STRING INVERTER MARKET, BY PRODUCT

TABLE 26 U.K. STRING INVERTER MARKET, BY PHASE

TABLE 27 U.K. STRING INVERTER MARKET, BY APPLICATION

TABLE 28 REST OF EUROPE STRING INVERTER MARKET, BY PRODUCT

TABLE 29 REST OF EUROPE STRING INVERTER MARKET, BY PHASE

TABLE 30 REST OF EUROPE STRING INVERTER MARKET, BY APPLICATION

TABLE 31 ASIA-PACIFIC STRING INVERTER MARKET, BY COUNTRY

TABLE 32 ASIA-PACIFIC STRING INVERTER MARKET, BY PRODUCT

TABLE 33 ASIA-PACIFIC STRING INVERTER MARKET, BY PHASE

TABLE 34 ASIA-PACIFIC STRING INVERTER MARKET, BY APPLICATION

TABLE 35 MIDDLE EAST & AFRICA STRING INVERTER MARKET, BY PRODUCT

TABLE 36 MIDDLE EAST & AFRICA STRING INVERTER MARKET, BY PHASE

TABLE 37 MIDDLE EAST & AFRICA STRING INVERTER MARKET, BY APPLICATION

List of Figures

FIGURE 1 RESEARCH TYPE

FIGURE 2 GLOBAL STRING INVERTER MARKET: BY PRODUCT (%)

FIGURE 3 GLOBAL STRING INVERTER MARKET: BY PHASE (%)

FIGURE 4 GLOBAL STRING INVERTER MARKET: BY APPLICATION (%)

FIGURE 6 GLOBAL STRING INVERTER MARKET: BY REGION

FIGURE 7 NORTH AMERICA STRING INVERTER MARKET, BY PRODUCT (%)

FIGURE 8 NORTH AMERICA STRING INVERTER MARKET, BY PHASE (%)

FIGURE 9 NORTH AMERICA STRING INVERTER MARKET, BY APPLICATION (%)

FIGURE 11 NORTH AMERICA STRING INVERTER MARKET, BY COUNTRIES (%)

FIGURE 12 EUROPE STRING INVERTER MARKET, BY PRODUCT (%)

FIGURE 13 EUROPE STRING INVERTER MARKET, BY PHASE (%)

FIGURE 14 EUROPE STRING INVERTER MARKET, BY APPLICATION (%)

FIGURE 16 EUROPE STRING INVERTER MARKET, BY COUNTRIES (%)

FIGURE 17 ASIA-PACIFIC STRING INVERTER MARKET, BY PRODUCT (%)

FIGURE 18 ASIA-PACIFIC STRING INVERTER MARKET, BY PHASE (%)

FIGURE 19 ASIA-PACIFIC STRING INVERTER MARKET, BY APPLICATION (%)

FIGURE 21 ASIA-PACIFIC STRING INVERTER MARKET, BY COUNTRIES (%)

FIGURE 22 ROW STRING INVERTER MARKET, BY PRODUCT (%)

FIGURE 23 ROW STRING INVERTER MARKET, BY PHASE (%)

FIGURE 24 ROW STRING INVERTER MARKET, BY APPLICATION (%)

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