Industry Background:
The string inverter is also known as a central inverter. With the help of string inverter the solar panels are connected together into strings and the DC power is wired to a large inverter in a central location. It transforms the power for all the modules at once. This has been the traditional approach. String inverters need running several strands of thick DC wires down from the solar panels through a conduit to the string inverter. Micro-inverters attach to a simple AC trunk table carry normal household voltage.This growth is primarily driven by Growing Power Requirements
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Energy & Resources sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as ABB Limited (Switzerland), SolarEdge Technologies (Israel), Schneider Electric Solar (Australia), SMA Solar Technology AG (Germany), Delta Energy System GmbH (Germany), Solarmax Group (Germany), Chint Power Systems (China), Growatt New Energy Technology (China), Advanced Energy Industries (United States) and Samil Power Co., Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On March 7, 2019 KACO new energy has launched its first hybrid inverter onto the market and is offering it together with the battery and mains disconnector as a system from a single source.
Influencing Trend:
Technological Advancements in the Field Of Alternative Power Generation and Initiatives Taken By Governments to Support the Use of Alternative Energy
Market Growth Drivers:
Growing Power Requirements and Increasing Installation of Solar Panel System
Challenges:
More Loss of Heat Due To Larger Size of Solar Panel
Restraints:
Less Effective Where Panels Are Installed Facing Different Directions
Opportunities:
Increasing Consumption of Solar Energy
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of String Inverter Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of String Inverter Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of String Inverter players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, String Inverter Study Sheds Light on
The String Inverter Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the String Inverter industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where String Inverter industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.