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String Inverter-Global Market Insights and Sales Trends 2025
Synopsis
A string inverter is a device for converting DC to AC power and which is designed for high voltage DC inputs.
The global String Inverter market size is expected to reach US$ 8531.3 million by 2029, growing at a CAGR of 2.8% from 2023 to 2029. The market is mainly driven by the significant applications of String Inverter in various end use industries. The expanding demands from the Residential, Commercial & Industrial and Utilities,, are propelling String Inverter market. On-Grid String Inverter, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Off-Grid String Inverter segment is estimated at % CAGR for the next seven-year period.
Global key players of String Inverters include HUAWEI, Sungrow Power Supply Co., Ltd, SMA, GOODWE, FIMER and SINENG, etc. Top five players occupy for a share about 62%. China is the largest market, with a share about 69%, followed by Europe and North America. In terms of product, 30-40KW String Inverters is the largest segment, with a share over 27%. In terms of application, Household Use is the largest market, with a share over 51%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for String Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global String Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global String Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, String Inverter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of String Inverter covered in this report include SMA Solar Technology, Solaredge Technologies, Schneider Electric Solar, ABB, Sungrow Power Supply, Fronius, Solarmax, Yaskawa-Solectria Solar and Ginlong Technologies, etc.
The global String Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
SMA Solar Technology
Solaredge Technologies
Schneider Electric Solar
ABB
Sungrow Power Supply
Fronius
Solarmax
Yaskawa-Solectria Solar
Ginlong Technologies
Delta Energy System
Samil Power
KACO New Energy
Chint Power Systems
Huawei Technologies
Growatt New Energy Technology
Global String Inverter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global String Inverter market, Segment by Type:
On-Grid String Inverter
Off-Grid String Inverter
Global String Inverter market, by Application
Residential
Commercial & Industrial
Utilities
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of String Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of String Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A string inverter is a device for converting DC to AC power and which is designed for high voltage DC inputs.
The global String Inverter market size is expected to reach US$ 8531.3 million by 2029, growing at a CAGR of 2.8% from 2023 to 2029. The market is mainly driven by the significant applications of String Inverter in various end use industries. The expanding demands from the Residential, Commercial & Industrial and Utilities,, are propelling String Inverter market. On-Grid String Inverter, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Off-Grid String Inverter segment is estimated at % CAGR for the next seven-year period.
Global key players of String Inverters include HUAWEI, Sungrow Power Supply Co., Ltd, SMA, GOODWE, FIMER and SINENG, etc. Top five players occupy for a share about 62%. China is the largest market, with a share about 69%, followed by Europe and North America. In terms of product, 30-40KW String Inverters is the largest segment, with a share over 27%. In terms of application, Household Use is the largest market, with a share over 51%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for String Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global String Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global String Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, String Inverter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of String Inverter covered in this report include SMA Solar Technology, Solaredge Technologies, Schneider Electric Solar, ABB, Sungrow Power Supply, Fronius, Solarmax, Yaskawa-Solectria Solar and Ginlong Technologies, etc.
The global String Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
SMA Solar Technology
Solaredge Technologies
Schneider Electric Solar
ABB
Sungrow Power Supply
Fronius
Solarmax
Yaskawa-Solectria Solar
Ginlong Technologies
Delta Energy System
Samil Power
KACO New Energy
Chint Power Systems
Huawei Technologies
Growatt New Energy Technology
Global String Inverter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global String Inverter market, Segment by Type:
On-Grid String Inverter
Off-Grid String Inverter
Global String Inverter market, by Application
Residential
Commercial & Industrial
Utilities
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of String Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of String Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 String Inverter Market Overview
1.1 String Inverter Product Overview
1.2 String Inverter Market Segment by Type
1.2.1 On-Grid String Inverter
1.2.2 Off-Grid String Inverter
1.3 Global String Inverter Market Size by Type
1.3.1 Global String Inverter Market Size Overview by Type (2018-2029)
1.3.2 Global String Inverter Historic Market Size Review by Type (2018-2023)
1.3.3 Global String Inverter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America String Inverter Sales Breakdown by Type (2018-2023)
1.4.2 Europe String Inverter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific String Inverter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America String Inverter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa String Inverter Sales Breakdown by Type (2018-2023)
2 Global String Inverter Market Competition by Company
2.1 Global Top Players by String Inverter Sales (2018-2023)
2.2 Global Top Players by String Inverter Revenue (2018-2023)
2.3 Global Top Players by String Inverter Price (2018-2023)
2.4 Global Top Manufacturers String Inverter Manufacturing Base Distribution, Sales Area, Product Type
2.5 String Inverter Market Competitive Situation and Trends
2.5.1 String Inverter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by String Inverter Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in String Inverter as of 2022)
2.7 Date of Key Manufacturers Enter into String Inverter Market
2.8 Key Manufacturers String Inverter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 String Inverter Status and Outlook by Region
3.1 Global String Inverter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global String Inverter Historic Market Size by Region
3.2.1 Global String Inverter Sales in Volume by Region (2018-2023)
3.2.2 Global String Inverter Sales in Value by Region (2018-2023)
3.2.3 Global String Inverter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global String Inverter Forecasted Market Size by Region
3.3.1 Global String Inverter Sales in Volume by Region (2024-2029)
3.3.2 Global String Inverter Sales in Value by Region (2024-2029)
3.3.3 Global String Inverter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global String Inverter by Application
4.1 String Inverter Market Segment by Application
4.1.1 Residential
4.1.2 Commercial & Industrial
4.1.3 Utilities
4.2 Global String Inverter Market Size by Application
4.2.1 Global String Inverter Market Size Overview by Application (2018-2029)
4.2.2 Global String Inverter Historic Market Size Review by Application (2018-2023)
4.2.3 Global String Inverter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America String Inverter Sales Breakdown by Application (2018-2023)
4.3.2 Europe String Inverter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific String Inverter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America String Inverter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa String Inverter Sales Breakdown by Application (2018-2023)
5 North America String Inverter by Country
5.1 North America String Inverter Historic Market Size by Country
5.1.1 North America String Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America String Inverter Sales in Volume by Country (2018-2023)
5.1.3 North America String Inverter Sales in Value by Country (2018-2023)
5.2 North America String Inverter Forecasted Market Size by Country
5.2.1 North America String Inverter Sales in Volume by Country (2024-2029)
5.2.2 North America String Inverter Sales in Value by Country (2024-2029)
6 Europe String Inverter by Country
6.1 Europe String Inverter Historic Market Size by Country
6.1.1 Europe String Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe String Inverter Sales in Volume by Country (2018-2023)
6.1.3 Europe String Inverter Sales in Value by Country (2018-2023)
6.2 Europe String Inverter Forecasted Market Size by Country
6.2.1 Europe String Inverter Sales in Volume by Country (2024-2029)
6.2.2 Europe String Inverter Sales in Value by Country (2024-2029)
7 Asia-Pacific String Inverter by Region
7.1 Asia-Pacific String Inverter Historic Market Size by Region
7.1.1 Asia-Pacific String Inverter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific String Inverter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific String Inverter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific String Inverter Forecasted Market Size by Region
7.2.1 Asia-Pacific String Inverter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific String Inverter Sales in Value by Region (2024-2029)
8 Latin America String Inverter by Country
8.1 Latin America String Inverter Historic Market Size by Country
8.1.1 Latin America String Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America String Inverter Sales in Volume by Country (2018-2023)
8.1.3 Latin America String Inverter Sales in Value by Country (2018-2023)
8.2 Latin America String Inverter Forecasted Market Size by Country
8.2.1 Latin America String Inverter Sales in Volume by Country (2024-2029)
8.2.2 Latin America String Inverter Sales in Value by Country (2024-2029)
9 Middle East and Africa String Inverter by Country
9.1 Middle East and Africa String Inverter Historic Market Size by Country
9.1.1 Middle East and Africa String Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa String Inverter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa String Inverter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa String Inverter Forecasted Market Size by Country
9.2.1 Middle East and Africa String Inverter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa String Inverter Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 SMA Solar Technology
10.1.1 SMA Solar Technology Company Information
10.1.2 SMA Solar Technology Introduction and Business Overview
10.1.3 SMA Solar Technology String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 SMA Solar Technology String Inverter Products Offered
10.1.5 SMA Solar Technology Recent Development
10.2 Solaredge Technologies
10.2.1 Solaredge Technologies Company Information
10.2.2 Solaredge Technologies Introduction and Business Overview
10.2.3 Solaredge Technologies String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Solaredge Technologies String Inverter Products Offered
10.2.5 Solaredge Technologies Recent Development
10.3 Schneider Electric Solar
10.3.1 Schneider Electric Solar Company Information
10.3.2 Schneider Electric Solar Introduction and Business Overview
10.3.3 Schneider Electric Solar String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Schneider Electric Solar String Inverter Products Offered
10.3.5 Schneider Electric Solar Recent Development
10.4 ABB
10.4.1 ABB Company Information
10.4.2 ABB Introduction and Business Overview
10.4.3 ABB String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ABB String Inverter Products Offered
10.4.5 ABB Recent Development
10.5 Sungrow Power Supply
10.5.1 Sungrow Power Supply Company Information
10.5.2 Sungrow Power Supply Introduction and Business Overview
10.5.3 Sungrow Power Supply String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sungrow Power Supply String Inverter Products Offered
10.5.5 Sungrow Power Supply Recent Development
10.6 Fronius
10.6.1 Fronius Company Information
10.6.2 Fronius Introduction and Business Overview
10.6.3 Fronius String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Fronius String Inverter Products Offered
10.6.5 Fronius Recent Development
10.7 Solarmax
10.7.1 Solarmax Company Information
10.7.2 Solarmax Introduction and Business Overview
10.7.3 Solarmax String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Solarmax String Inverter Products Offered
10.7.5 Solarmax Recent Development
10.8 Yaskawa-Solectria Solar
10.8.1 Yaskawa-Solectria Solar Company Information
10.8.2 Yaskawa-Solectria Solar Introduction and Business Overview
10.8.3 Yaskawa-Solectria Solar String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Yaskawa-Solectria Solar String Inverter Products Offered
10.8.5 Yaskawa-Solectria Solar Recent Development
10.9 Ginlong Technologies
10.9.1 Ginlong Technologies Company Information
10.9.2 Ginlong Technologies Introduction and Business Overview
10.9.3 Ginlong Technologies String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Ginlong Technologies String Inverter Products Offered
10.9.5 Ginlong Technologies Recent Development
10.10 Delta Energy System
10.10.1 Delta Energy System Company Information
10.10.2 Delta Energy System Introduction and Business Overview
10.10.3 Delta Energy System String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Delta Energy System String Inverter Products Offered
10.10.5 Delta Energy System Recent Development
10.11 Samil Power
10.11.1 Samil Power Company Information
10.11.2 Samil Power Introduction and Business Overview
10.11.3 Samil Power String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Samil Power String Inverter Products Offered
10.11.5 Samil Power Recent Development
10.12 KACO New Energy
10.12.1 KACO New Energy Company Information
10.12.2 KACO New Energy Introduction and Business Overview
10.12.3 KACO New Energy String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.12.4 KACO New Energy String Inverter Products Offered
10.12.5 KACO New Energy Recent Development
10.13 Chint Power Systems
10.13.1 Chint Power Systems Company Information
10.13.2 Chint Power Systems Introduction and Business Overview
10.13.3 Chint Power Systems String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Chint Power Systems String Inverter Products Offered
10.13.5 Chint Power Systems Recent Development
10.14 Huawei Technologies
10.14.1 Huawei Technologies Company Information
10.14.2 Huawei Technologies Introduction and Business Overview
10.14.3 Huawei Technologies String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Huawei Technologies String Inverter Products Offered
10.14.5 Huawei Technologies Recent Development
10.15 Growatt New Energy Technology
10.15.1 Growatt New Energy Technology Company Information
10.15.2 Growatt New Energy Technology Introduction and Business Overview
10.15.3 Growatt New Energy Technology String Inverter Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Growatt New Energy Technology String Inverter Products Offered
10.15.5 Growatt New Energy Technology Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 String Inverter Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 String Inverter Industrial Chain Analysis
11.4 String Inverter Market Dynamics
11.4.1 String Inverter Industry Trends
11.4.2 String Inverter Market Drivers
11.4.3 String Inverter Market Challenges
11.4.4 String Inverter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 String Inverter Distributors
12.3 String Inverter Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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