Global string inverter market is expected to grow at a significant rate during the forecast period on account of rise in demand for unconventional fuels with lower carbon footprint. Grid security performance is enhanced due to lower energy overload than the conventional method of energy production. Reduction in electricity bills and lower electricity loss during transmission are the other two factors contributing to the growth of the global string inverter market. String inverter are easier to install and increases efficiency of the panel many folds thereby contributing significantly to the global string inverter market growth. Hassle free installations and customizations in the string inverter are other factors boosting the market growth. String inverter aids in remote monitoring and decreases the cost of the overall system therefore propelling the global string inverter market growth. Rise in disposable income among middle class families is aiding in increasing affordability to install in residential and official spaces.

Global string inverter market is segmented into based on phase, system type, power rating, end-user, region, and company. Based on regional analysis, Asia-Pacific is expected to hold dominance till 2026 due to rising awareness towards clean energy fuels and favorable climatic conditions. Government initiatives and policies including tax benefits and RPO for installation of solar energy panels. Feed-in tariffs and competitive bidding are the factors fueling the global string inverter market growth in the region. Increase in demand for fuels emitting lower emissions is boosting the global string inverter market growth. China photovoltaic poverty alleviation program to install solar panels is expected to surge the growth of the global string inverter market. North America is expected to witness fastest incremental growth during the prediction period. Owing to federal norms encouraging adoption of unconventional energy resources and conservation of energy is fostering the market growth in North America.

The major players operating in the global string inverter market KACO New Energy GmbH, Delta Energy Systems GmbH, ABB Limited, Fronius International GmbH, SMA Solar Technology AG, Huawei Technologies Co. Ltd, Solaredge Technologies, Inc., Growatt New Energy Technology Co., Ltd., Ginlong Technologies, Solarmax Group, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyze the historical growth of the market size of global string inverter market from 2016 to 2019.
  • To estimate and forecast the market size of global string inverter market from 2020 to 2026 and growth rate until 2026.
  • To classify and forecast global string inverter market based on phase, system type, power rating, end-user, region, and company.
  • To identify dominant region or segment in the global string inverter market.
  • To identify drivers and challenges for global string inverter market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global string inverter market.
  • To identify and analyze the profile of leading players operating in global string inverter market.
  • To identify key sustainable strategies adopted by market players in global string inverter market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global string inverter market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • string inverter market manufacturing companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to mining equipment

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global string inverter market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Global String Inverter Market, By Application:

    • Single
    • Three
  • Global String Inverter Market, By System Type:
    • On-Grid
    • Off-Grid
  • Global String Inverter Market, By Power Rating:
    • Up to 10kW
    • 11kW–40kW
    • 41kW–80kW
    • Above 80kW
  • Global String Inverter Market, By End-User:
    • Residential
    • Commercial & Industrial
    • Utilities
  • Global String Inverter Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Iraq
      • UAE
    • South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global string inverter market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global String Inverter Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global String Inverter Market

4.    Executive Summary

5.    Voice of Customers

6.    Global String Inverter Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Phase (Single and Three)

6.2.2.     By System Type (On-Grid and Off-Grid)

6.2.3.     By Power Rating (Up to 10kW, 11kW–40kW, 41kW–80kW, and Above 80kW)

6.2.4.     By End-User (Residential, Commercial & Industrial, and Utilities)

6.2.5.     By Region

6.2.6.     By Company

6.3.  Product Market Map

7.    North America String Inverter Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value 

7.2.  Market Share & Forecast

7.2.1.     By Phase

7.2.2.     By System Type

7.2.3.     By Power Rating

7.2.4.     By End-User

7.2.5.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States String Inverter Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value 

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Phase

7.3.1.2.2.             By System Type

7.3.1.2.3.             By Power Rating

7.3.1.2.4.             By End-User

7.3.2.     Canada String Inverter Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value 

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Phase

7.3.2.2.2.             By System Type

7.3.2.2.3.             By Power Rating

7.3.2.2.4.             By End-User

7.3.3.     Mexico String Inverter Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value 

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Phase

7.3.3.2.2.             By System Type

7.3.3.2.3.             By Power Rating

7.3.3.2.4.             By End-User

8.    Asia-Pacific String Inverter Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value 

8.2.  Market Share & Forecast

8.2.1.     By Phase

8.2.2.     By System Type

8.2.3.     By Power Rating

8.2.4.     By End-User

8.2.5.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China String Inverter Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value 

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Phase

8.3.1.2.2.             By System Type

8.3.1.2.3.             By Power Rating

8.3.1.2.4.             By End-User

8.3.2.     India String Inverter Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value 

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Phase

8.3.2.2.2.             By System Type

8.3.2.2.3.             By Power Rating

8.3.2.2.4.             By End-User

8.3.3.     Japan String Inverter Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value 

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Phase

8.3.3.2.2.             By System Type

8.3.3.2.3.             By Power Rating

8.3.3.2.4.             By End-User

8.3.4.     South Korea String Inverter Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value 

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Phase

8.3.4.2.2.             By System Type

8.3.4.2.3.             By Power Rating

8.3.4.2.4.             By End-User

8.3.5.     Australia String Inverter Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value 

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Phase

8.3.5.2.2.             By System Type

8.3.5.2.3.             By Power Rating

8.3.5.2.4.             By End-User

9.    Europe String Inverter Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value 

9.2.  Market Share & Forecast

9.2.1.     By Phase

9.2.2.     By System Type

9.2.3.     By Power Rating

9.2.4.     By End-User

9.2.5.     By Country

9.3.  Europe: Country Analysis

9.3.1.     Germany String Inverter Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value 

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Phase

9.3.1.2.2.             By System Type

9.3.1.2.3.             By Power Rating

9.3.1.2.4.             By End-User

9.3.2.     United Kingdom String Inverter Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value 

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Phase

9.3.2.2.2.             By System Type

9.3.2.2.3.             By Power Rating

9.3.2.2.4.             By End-User

9.3.3.     France String Inverter Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value 

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Phase

9.3.3.2.2.             By System Type

9.3.3.2.3.             By Power Rating

9.3.3.2.4.             By End-User

9.3.4.     Italy String Inverter Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value 

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Phase

9.3.4.2.2.             By System Type

9.3.4.2.3.             By Power Rating

9.3.4.2.4.             By End-User

9.3.5.     Spain String Inverter Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value 

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Phase

9.3.5.2.2.             By System Type

9.3.5.2.3.             By Power Rating

9.3.5.2.4.             By End-User

10.  South America String Inverter Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value 

10.2.              Market Share & Forecast

10.2.1.  By Phase

10.2.2.  By System Type

10.2.3.  By Power Rating

10.2.4.  By End-User

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil String Inverter Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value 

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Phase

10.3.1.2.2.           By System Type

10.3.1.2.3.           By Power Rating

10.3.1.2.4.           By End-User

10.3.2.  Argentina String Inverter Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value 

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Phase

10.3.2.2.2.           By System Type

10.3.2.2.3.           By Power Rating

10.3.2.2.4.           By End-User

10.3.3.  Colombia String Inverter Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value 

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Phase

10.3.3.2.2.           By System Type

10.3.3.2.3.           By Power Rating

10.3.3.2.4.           By End-User

11.  Middle East & Africa String Inverter Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value 

11.2.              Market Share & Forecast

11.2.1.  By Phase

11.2.2.  By System Type

11.2.3.  By Power Rating

11.2.4.  End-User

11.2.5.  By Country

11.3.              South America: Country Analysis

11.3.1.  Saudi Arabia String Inverter Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value 

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Phase

11.3.1.2.2.           By System Type

11.3.1.2.3.           By Power Rating

11.3.1.2.4.           By End-User

11.3.2.  South Africa String Inverter Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value 

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Phase

11.3.2.2.2.           By System Type

11.3.2.2.3.           By Power Rating

11.3.2.2.4.           By End-User

11.3.3.  UAE String Inverter Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value 

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Phase

11.3.3.2.2.           By System Type

11.3.3.2.3.           By Power Rating

11.3.3.2.4.           By End-User

11.3.4.  Iraq String Inverter Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value 

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Phase

11.3.4.2.2.           By System Type

11.3.4.2.3.           By Power Rating

11.3.4.2.4.           By End-User

12.  Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.    Competition Outlook

14.2.    Company Profiles

14.2.1.  KACO New Energy GmbH

14.2.2.  Delta Energy Systems GmbH

14.2.3.  ABB Limited

14.2.4.  Fronius International GmbH

14.2.5.  SMA Solar Technology AG

14.2.6.  Huawei Technologies Co. Ltd

14.2.7.  Solaredge Technologies, Inc.

14.2.8.  Growatt New Energy Technology Co., Ltd.

14.2.9.  Ginlong Technologies

14.2.10.                Solarmax Group

15.  Strategic Recommendations

 16. About Us & Disclaimer

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