The global string inverters market is expected to grow at a steady rate during the forecast period. The primary applications that are driving the growth of string inverter systems are wind, solar PV, and others. The renewable energy market, especially solar and wind, has grown tremendously owing to the different global and national mandates to reduce greenhouse gas (GHG) emissions. This growth has boosted the global string inverters market and is expected to continue to do so during the forecast period. In addition, other end-users such as residential and commercial sectors as well as power utilities are increasingly adopting inverters to ensure the smooth functioning of their operations.
Technavio’s analysts forecast the global string inverters market to grow at a CAGR of 8.48% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global string inverters market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of inverters in different end-user industries.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global String Inverters Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • ABB • Huawei Technologies • Schneider Electric • SMA Solar Technology • SUNGROW
Other prominent vendors • Delta Energy Systems • Fronius International • Growatt Shenzhen • KACO new energy • Ningbo Ginlong Technologies • Samil Power • SHANGHAI Chint Power Systems • SolarEdge Technologies • Yaskawa - Solectria Solar
Market driver • Declining prices of inverter systems. • For a full, detailed list, view our report
Market challenge • Intermittent nature of solar energy. • For a full, detailed list, view our report
Market trend • Growing popularity of green buildings. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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