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 Global String Inverters Market touched xxx million USD with a CAGR xx % from 2015-2019 around the world. In the future, it is predicted to reach xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
As the report focuses on global String Inverters Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Yaskawa
ABB
SMA Solar
Solaredge
Sungrow
Fronius
Solarmax
Delta
Eaton Corp
Chint
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Single-Phase
Three-Phase
In Market segmentation by applications :
Residential
Commercial
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the String Inverters Market for the forecast period 2020 - 2026?
• What are the driving forces in the String Inverters Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the String Inverters industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?