Sep 24, 2018   SOURCE: BusinessWire

The 2018 String Inverter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024 - ResearchAndMarkets.com

The "String Inverter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global string inverter market to grow with a CAGR of 7.3% over the forecast period of 2018-2024.

String inverters can be easier to install because they accept DC input from multiple panels and do not need to be installed directly adjacent to individual panels. This also makes string inverters easier to maintain, yet possibly more difficult to troubleshoot if something goes wrong. This in turn is the major driving factor for the growth of the string inverter market.
However, higher heat loss due to the large size of the inverters are likely to hamper the growth of the string inverter market during the forecast period.
Moreover, steps taken by governments to promote the use of alternative energy supplemented by attractive intensives and subsidies are expected to increase the number of installations of solar panels, which in turn will generate demand for string inverters. This in turn has opened several doors of opportunity for the key players in the string inverter market over the years to come.
Asia Pacific dominated the string inverter market owing to the government policies such as feed on tariffs and tenders. On the other hand, North America and Europe are projected to be the next big markets for string inverter markets.
Companies Profiled
  • Huawei Technologies Co. Ltd.
  • Sungrow
  • SMA Solar Technology
  • ABB Limited
  • Sineng
  • TBEA SunOasis Co. Ltd.
  • Power Electronics
  • TMEIC
  • Schneider Electric
  • SolarEdge Technologies

Key Topics Covered

1. Preface

2. Executive Summary

3. Global String Inverter Market Overview

4. String Inverter Market Macro Indicator Analysis

5. Global String Inverter Market by Phase

6. Global String Inverter Market by System Type

7. Global String Inverter Market by Power Rating

8. Global String Inverter Market by Region 2018-2024

9. Company Profiles and Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/xtqm5d/the_2018_string?w=4