+1-888-308-5802     
News Contact Us

String Inverter Market Size, Industry Share and Growth Rate 2019-2025

Author : Rahul Sankrityayan | Published Date : 2019-08-30 

U.S. string inverter market is set to witness growth of over 4% by 2024. Positive outlook toward the adoption of sustainable technology coupled with growing concern pertaining to energy conservation will stimulate the industry growth. Moreover, federal norms to achieve clean economy structure by minimizing the impact of harmful emissions will further complement the business landscape.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1130

Industrial application will witness growth owing to surging demand for reliable and uninterrupted power supply along with ongoing measures to curb GHG emissions will augment the business outlook. For instance, in 2018, Tata power has constructed a 6MW rooftop solar project by deploying 95 string inverters across Mangalore refinery site which is located in Karnataka.

Single phase string inverter is set to witness growth on account of its wide applicability in residential and commercial establishments. Accessibility, high efficiency, enhance operational feasibility and reliability are some of the highlighted features that will enhance the product adoption.

Positive outlook toward replacement of conventional power plant with clean energy systems will stimulate the on-grid string inverter market. Moreover, Government measures toward the adoption of large utility scale systems will fuel industry revenue during forecast period.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1130

String Inverter Market is predicted to surpass USD 5 billion by 2024. Favorable measures to promote the adoption of renewable technology coupled with ongoing investment toward sustainable grid integration will drive the industry growth. Government has introduced several regulations and incentives including feed in tariff, net metering and financial assistance to promote the development of sustainable technologies and establishments of innovative projects which will further boost the product demand.

In 2018, EU has amended its energy policy frameworks with an objective to aim to bind renewable energy of at least 32% from total energy mix. Furthermore, in 2017, 15% of global PV industry driven by net metering, 75% through financial assistance and 5% from competitive tenders across the globe.

Improved operational efficiency along with declining solar component cost has increased the deployment of solar system, which in turn will propel the string inverter market share. Enhancement of nascent technology along with volume manufacturing practice have resultant into reduce in overall component cost. In addition, surging electricity demand along with strict government regulations pertaining to carbon emissions will further complement the industry landscape.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/string-inverter-market

Increasing demand for clean fuel electricity will propel the demand for India string inverter market. Respective regulators have introduced initiatives including Jawaharlal Nehru National solar mission to promote the solar system adoption. The program set a target to deploy grid connected solar power with 20,000 MW capacity by 2020.

Major participants across string inverter industry are Elettronica Santerno, Sungrow, REFU, SatCon, Delta Group, Samil Power, KACO New Energy, ABB, GoodWe, SMA Solar, Elektronik, Solar Edge, Omron, Huawei, Schneider Electric, Growatt New Energy Technology, Ginlong Technologies, Shenzhen KSTAR, Fronious, SolarMax, TBEA and Chint Group.

Partial Table of Contents (ToC) of the report:

Chapter 6 String Inverter Market, By Nominal Output Voltage

6.1 String inverter market share by nominal output voltage, 2017 & 2024

6.2 ≤230 V

6.2.1 Global market from ≤230 V, 2013 – 2024

6.2.2 Global market from ≤230 V, by region, 2013 - 2024

6.3 230 - 400 V

6.3.1 Global market from 230 - 400 V, 2013 – 2024

6.3.2 Global market from 230 - 400 V, by region, 2013 - 2024

6.4 >400 V

6.4.1 Global market from >400 V, 2013 – 2024

6.4.2 Global market from >400 V, by region, 2013 - 2024

Chapter 7 String Inverter Market, By Connectivity

7.1 String inverter market share by connectivity, 2017 & 2024

7.2 Stand-alone

7.2.1 Global market from stand-alone, 2013 – 2024

7.2.2 Global market from stand-alone, by region, 2013 - 2024

7.3 On-grid

7.3.1 Global market from on-grid, 2013 – 2024

7.3.2 Global market from on-grid, by region, 2013 - 2024

 Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/string-inverter-market

 

 

 

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Combined Cycle Power Plant Market Outlook, Strategies, Manufacturers, Countries, Type and Application, Global Forecast To 2025

Published Date: 2019-10-23         Author: Rahul Sankrityayan

The research report on Combined Cycle Power Plant Market provides the up-to-date market trends, the present market scenario, and the market forecast during 2019-2025. The complete analysis of Combined Cycle Power Plant Market on the global scale provides key details in form of graphs, statistics and... Read More

Global Drill Bit Market Growth Prospects, Key Vendors, Future Scenario Forecast to 2025

Published Date: 2019-10-23         Author: Rahul Sankrityayan

The Global Drill Bit Market research report Added by Global Market Insights, LLC, offers a comprehensive study on the current industry trends. The report also offers a detailed abstract of the statistics, market valuation, and revenue forecast, which in addition underlines the status of the competit... Read More

Internal Combustion Engine Market Analysis, Regional Outlook, Competitive Strategies and Forecasts to 2025

Published Date: 2019-10-23         Author: Rahul Sankrityayan

The Internal Combustion Engine Market research report Added by Global Market Insights, LLC, offers a comprehensive study on the current industry trends. The report also offers a detailed abstract of the statistics, market valuation, and revenue forecast, which in addition underlines the status of th... Read More

© 2019 Fractovia. All Rights Reserved