Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Single Phase String Inverters Market by Type (On-Grid System Type, Off-Grid System Type), By Application (Residential, Commercial & Industrial, Utilities) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Single Phase String Inverters Market by Type (On-Grid System Type, Off-Grid System Type), By Application (Residential, Commercial & Industrial, Utilities) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 166659 3300 Machinery & Equipment 377 240 Pages 4.6 (44)
                                          

The global single phase string inverters market is expected to grow at a CAGR of 6.5% during the forecast period, to reach USD 1.2 billion by 2030. The residential segment is expected to account for the largest share of the market in terms of revenue, followed by commercial and industrial applications and utilities segment. North America is expected to be the leading region in terms of revenue generation, followed by Europe and Asia Pacific respectively.

  1. String inverters are the most popular type of inverter in the market.
  2. String inverters are more efficient than other types of inverters, which is a key factor for their popularity.
  3. String inverters have a higher power density than other types of inverters, which means they can be used in smaller spaces and with less material to produce the same amount of power as other types of converters.
  4. String Inverter technology is relatively new and has been rapidly evolving over the past few years, meaning that there will likely be many improvements to this technology in the future that will make it even more efficient and powerful than it already is today. 5.The cost per watt for string inverter systems has been steadily decreasing over time, making them an increasingly affordable option for homeowners who want to install solar panels on their homes or businesses who want to install solar panels on their roofs or parking lots.

Industry Growth Insights published a new data on “Single Phase String Inverters Market”. The research report is titled “Single Phase String Inverters Market research by Types (On-Grid System Type, Off-Grid System Type), By Applications (Residential, Commercial & Industrial, Utilities), By Players/Companies SMA Solar Technology, Solaredge Technologies, Schneider Electric Solar, ABB, Sungrow Power Supply, Fronius International, Solarmax Group, Yaskawa - Solectria Solar, Ginlong Technologies, Delta Energy System, Samil Power, KACO New Energy, Chint Power Systems, Huawei Technologies, Growatt New Energy Technology”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Single Phase String Inverters Market Research Report

By Type

On-Grid System Type, Off-Grid System Type

By Application

Residential, Commercial & Industrial, Utilities

By Companies

SMA Solar Technology, Solaredge Technologies, Schneider Electric Solar, ABB, Sungrow Power Supply, Fronius International, Solarmax Group, Yaskawa - Solectria Solar, Ginlong Technologies, Delta Energy System, Samil Power, KACO New Energy, Chint Power Systems, Huawei Technologies, Growatt New Energy Technology

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

240

Number of Tables & Figures

168

Customization Available

Yes, the report can be customized as per your need.


Global Single Phase String Inverters Industry Outlook


Global Single Phase String Inverters Market Report Segments:

The global Single Phase String Inverters market is segmented on the basis of:

Types

On-Grid System Type, Off-Grid System Type

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Residential, Commercial & Industrial, Utilities

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. SMA Solar Technology
  2. Solaredge Technologies
  3. Schneider Electric Solar
  4. ABB
  5. Sungrow Power Supply
  6. Fronius International
  7. Solarmax Group
  8. Yaskawa - Solectria Solar
  9. Ginlong Technologies
  10. Delta Energy System
  11. Samil Power
  12. KACO New Energy
  13. Chint Power Systems
  14. Huawei Technologies
  15. Growatt New Energy Technology

Global Single Phase String Inverters Market Overview


Highlights of The Single Phase String Inverters Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. On-Grid System Type
    2. Off-Grid System Type
  1. By Application:

    1. Residential
    2. Commercial & Industrial
    3. Utilities
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Single Phase String Inverters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Single Phase String Inverters Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A single phase string inverter is a device that converts alternating current (AC) into direct current (DC). It does this by using an electric motor to rotate a set of coils. The coils create a magnetic field which in turn creates an AC voltage. This AC voltage is then converted into DC by the inverter, allowing it to be used in devices such as lights and appliances.

Some of the key players operating in the single phase string inverters market are SMA Solar Technology, Solaredge Technologies, Schneider Electric Solar, ABB, Sungrow Power Supply, Fronius International, Solarmax Group, Yaskawa - Solectria Solar, Ginlong Technologies, Delta Energy System, Samil Power, KACO New Energy, Chint Power Systems, Huawei Technologies, Growatt New Energy Technology.

The single phase string inverters market is expected to register a CAGR of 6.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Single Phase String Inverters Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Single Phase String Inverters Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Single Phase String Inverters Market - Supply Chain
   4.5. Global Single Phase String Inverters Market Forecast
      4.5.1. Single Phase String Inverters Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Single Phase String Inverters Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Single Phase String Inverters Market Absolute $ Opportunity

5. Global Single Phase String Inverters Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Single Phase String Inverters Market Size and Volume Forecast by Type
      5.3.1. On-Grid System Type
      5.3.2. Off-Grid System Type
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Single Phase String Inverters Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Single Phase String Inverters Market Size and Volume Forecast by Application
      6.3.1. Residential
      6.3.2. Commercial & Industrial
      6.3.3. Utilities
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Single Phase String Inverters Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Single Phase String Inverters Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Single Phase String Inverters Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Single Phase String Inverters Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Single Phase String Inverters Demand Share Forecast, 2019-2026

9. North America Single Phase String Inverters Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Single Phase String Inverters Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Single Phase String Inverters Market Size and Volume Forecast by Application
      9.4.1. Residential
      9.4.2. Commercial & Industrial
      9.4.3. Utilities
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Single Phase String Inverters Market Size and Volume Forecast by Type
      9.7.1. On-Grid System Type
      9.7.2. Off-Grid System Type
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Single Phase String Inverters Demand Share Forecast, 2019-2026

10. Latin America Single Phase String Inverters Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Single Phase String Inverters Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Single Phase String Inverters Market Size and Volume Forecast by Application
      10.4.1. Residential
      10.4.2. Commercial & Industrial
      10.4.3. Utilities
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Single Phase String Inverters Market Size and Volume Forecast by Type
      10.7.1. On-Grid System Type
      10.7.2. Off-Grid System Type
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Single Phase String Inverters Demand Share Forecast, 2019-2026

11. Europe Single Phase String Inverters Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Single Phase String Inverters Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Single Phase String Inverters Market Size and Volume Forecast by Application
      11.4.1. Residential
      11.4.2. Commercial & Industrial
      11.4.3. Utilities
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Single Phase String Inverters Market Size and Volume Forecast by Type
      11.7.1. On-Grid System Type
      11.7.2. Off-Grid System Type
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Grwth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Single Phase String Inverters Demand Share, 2019-2026

12. Asia Pacific Single Phase String Inverters Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Single Phase String Inverters Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Single Phase String Inverters Market Size and Volume Forecast by Application
      12.4.1. Residential
      12.4.2. Commercial & Industrial
      12.4.3. Utilities
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Single Phase String Inverters Market Size and Volume Forecast by Type
      12.7.1. On-Grid System Type
      12.7.2. Off-Grid System Type
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Single Phase String Inverters Demand Share, 2019-2026

13. Middle East & Africa Single Phase String Inverters Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Single Phase String Inverters Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Single Phase String Inverters Market Size and Volume Forecast by Application
      13.4.1. Residential
      13.4.2. Commercial & Industrial
      13.4.3. Utilities
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Single Phase String Inverters Market Size and Volume Forecast by Type
      13.7.1. On-Grid System Type
      13.7.2. Off-Grid System Type
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Single Phase String Inverters Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Single Phase String Inverters Market: Market Share Analysis
   14.2. Single Phase String Inverters Distributors and Customers
   14.3. Single Phase String Inverters Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. SMA Solar Technology
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Solaredge Technologies
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Schneider Electric Solar
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. ABB
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Sungrow Power Supply
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Fronius International
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Solarmax Group
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Yaskawa - Solectria Solar
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Ginlong Technologies
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Delta Energy System
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Samil Power
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. KACO New Energy
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Chint Power Systems
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Huawei Technologies
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Growatt New Energy Technology
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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