The global three phase string inverters market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. String inverters are used in residential, commercial and industrial applications as well as in utility applications. String inverters are used for grid-connected systems and off-grid systems. The market for string inverters is driven by the increasing demand for renewable energy sources such as solar power, wind power, hydroelectricity and biomass energy sources which require high voltage DC (HVDC) transmission lines to transmit electricity over long distances. String inverters are also used in microgrids which provide reliable power supply during emergencies or natural disasters when the main grid fails or when there is a shortage of electricity supply from the main grid due to an outage or maintenance work on the transmission lines. String inverters have been gaining popularity because they can be installed on rooftops without any additional civil engineering work required unlike traditional centralised generation plants that require large land area for installation and operation of equipment such as turbines, generators etc, thereby reducing costs associated with land acquisition and construction of buildings etc,.
Some Of The Growth Factors Of This Market:
- String inverters are more efficient than traditional power supplies, which can be up to 10% less efficient.
- String inverters are more reliable than traditional power supplies, which can be up to 10% less reliable.
- String inverters have a longer lifespan than traditional power supplies, which can be up to 10% shorter in lifespan.
- String inverters are easier and cheaper to install than traditional power supplies, which require a lot of wiring and installation time that is expensive and difficult for the average person to do themselves without professional help or training from an electrician or other qualified individual with experience in this field of work.
- String inverters have a lower cost per watt output when compared with traditional power supplies because they use less material and labor during production as well as during installation due to their simplicity in design and construction when compared with the complexity of the design for a typical three phase transformer-based system that is used by most homes today for their electrical needs such as lighting, heating/cooling systems, appliances etcetera).
Industry Growth Insights published a new data on “Three Phase String Inverters Market”. The research report is titled “Three Phase String Inverters Market research by Types (On-Grid System Type, Off-Grid System Type), By Applications (Residential, Commercial & Industrial, Utilities), By Players/Companies ABB, Solaredge Technologies, Schneider Electric Solar, SMA Solar Technology, Sungrow Power Supply, Fronius International, Solarmax Group, Yaskawa - Solectria Solar, Ginlong Technologies, Delta Energy System, Samil Power, KACO New Energy, Huawei Technologies, Growatt New Energy Technology, Chint Power Systems”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Three Phase String Inverters Market Research Report
By Type
On-Grid System Type, Off-Grid System Type
By Application
Residential, Commercial & Industrial, Utilities
By Companies
ABB, Solaredge Technologies, Schneider Electric Solar, SMA Solar Technology, Sungrow Power Supply, Fronius International, Solarmax Group, Yaskawa - Solectria Solar, Ginlong Technologies, Delta Energy System, Samil Power, KACO New Energy, Huawei Technologies, Growatt New Energy Technology, Chint Power Systems
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Three Phase String Inverters Market Report Segments:
The global Three 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:
- ABB
- Solaredge Technologies
- Schneider Electric Solar
- SMA Solar Technology
- Sungrow Power Supply
- Fronius International
- Solarmax Group
- Yaskawa - Solectria Solar
- Ginlong Technologies
- Delta Energy System
- Samil Power
- KACO New Energy
- Huawei Technologies
- Growatt New Energy Technology
- Chint Power Systems
Highlights of The Three Phase String Inverters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Grid System Type
- Off-Grid System Type
- By Application:
- Residential
- Commercial & Industrial
- Utilities
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Three 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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A three phase string inverter is a device that converts direct current (DC) into alternating current (AC). It does this by using an electric motor to rotate a set of coils. The coils create magnetic fields which in turn cause the DC electricity to change its direction multiple times per second. This creates AC, which can then be used to power devices like lights and appliances.
Some of the major companies in the three phase string inverters market are ABB, Solaredge Technologies, Schneider Electric Solar, SMA Solar Technology, Sungrow Power Supply, Fronius International, Solarmax Group, Yaskawa - Solectria Solar, Ginlong Technologies, Delta Energy System, Samil Power, KACO New Energy, Huawei Technologies, Growatt New Energy Technology, Chint Power Systems.
The three phase string inverters market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Three 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. Three 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. Three Phase String Inverters Market - Supply Chain
4.5. Global Three Phase String Inverters Market Forecast
4.5.1. Three Phase String Inverters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Three Phase String Inverters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Three Phase String Inverters Market Absolute $ Opportunity
5. Global Three 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. Three 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 Three 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. Three 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 Three 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. Three 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 Three 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. Three 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 Three Phase String Inverters Demand Share Forecast, 2019-2026
9. North America Three 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 Three 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 Three 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 Three 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 Three Phase String Inverters Demand Share Forecast, 2019-2026
10. Latin America Three 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 Three 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 Three 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 Three 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 Three Phase String Inverters Demand Share Forecast, 2019-2026
11. Europe Three 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 Three 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 Three 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 Three 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 Growth Proections 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 Three Phase String Inverters Demand Share, 2019-2026
12. Asia Pacific Three 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 Three 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 Three 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 Three 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 Three Phase String Inverters Demand Share, 2019-2026
13. Middle East & Africa Three 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 Three 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 Three 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 Three 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 Three Phase String Inverters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Three Phase String Inverters Market: Market Share Analysis
14.2. Three Phase String Inverters Distributors and Customers
14.3. Three Phase String Inverters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
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. SMA Solar Technology
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. Huawei Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Growatt New Energy Technology
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Chint Power Systems
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
