The String Inverter Global Market Report 2023, provides comprehensive information on the string inverter market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The String Inverter Market’s Growth:
https://www.thebusinessresearchcompany.com/report/string-inverter-global-market-report
As per The Business Research Company’s String Inverter Global Market Report 2023, the global string inverter market size grew from $3.64 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global string inverter market is expected to grow to $5.24 billion in 2027 at a CAGR of 7.6%.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=6760&type=smp
Technological developments are a key trend gaining popularity in the string inverter market. Smart string inverters are one of the developments in the string inverter market. Smart inverters use voltage and frequency sensors to identify grid anomalies and provide appropriate data to utility operators. Smart inverters are convenient for home rooftop solar owners since they function independently. In March 2022, Huawei unveiled a smart string energy storage system with a Smart I-V Curve Diagnosis tool that conducts comprehensive, real-time, and remote detection of PV systems at the string level. It creates automatic detection reports of underperforming PV arrays, helping utility-scale PV facilities cut O&M expenses.
The string inverter market is segmented:
1) By Connection Type: On-Grid, Off-Grid
2) By Nominal Output Voltage: = 230 V, 230 – 400 V, 400 – 600 V, > 600 V
3) By Power Rating: Up to 10 kW, 11 kW – 40 kw, 41 kW – 80 kW, Above 80 kW
4) By End Use Industry: Residential, Commercial and Industrial, Utilities
Asia-Pacific was the largest region in the string inverter market in 2022.
The table of contents in TBRC’s string inverter market report includes:
Table Of Contents
1. Executive Summary
2. String Inverter Market Characteristics
3. String Inverter Market Trends And Strategies
4. String Inverter Market – Macro Economic Scenario
5. String Inverter Market Size And Growth
.
.
.
26. Africa String Inverter Market
27. String Inverter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The String Inverter Market
29. String Inverter Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Chint Group Co Ltd
- Delta
- Sputnik Engineering
- Growatt New Energy
- Siemens
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
