String Inverter Market by Phase (Single and Three), System Type (On-Grid and Off-Grid), Power Rating (Up to 10kw, 11kw–40kw, 41kw–80kw, and Above 80kw), End-User (Residential, Commercial & Industrial, and Utilities), and Region - Global Forecast to 2021
出 版 商：MarketsandMarkets
出版日期：2016/11/25
頁 數：153頁
文件格式：PDF
價 格：
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USD 6,650 (Multi-User License)
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USD 6,650 (Multi-User License)
USD 10,000 (Global-User License)
“The string inverter market is projected to grow at a CAGR of 8.29% from 2016 to 2021”
The string inverter market is projected to reach USD 3.89 billion by 2021, growing at a CAGR of 8.29% from 2016 to 2021. String inverters are used in residential, commercial & industrial, and utilities. Decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization are expected to drive the string inverter market. On the other hand, shading one panel reduces the efficiency of panels, along with heat losses due to the large size of the inverter, is the major restraint of the global string inverter market.
“The off-grid segment is expected to grow at the fastest CAGR from 2016 to 2021”
With regard to system type, the off-grid segment is estimated to grow at the fastest CAGR. Though off-grid technology is cheaper, the string inverter application is not very cost effective, which restricts the installation of string inverter at a large scale, such as three-phase string inverters. In coming years, with declining solar module, inverter, and overall solar systems prices, off-grid string inverters are expected to gain momentum.
“Asia-Pacific: The largest market for string inverter”
Asia-Pacific is expected to be the largest market for string inverters, with China and India being the biggest markets in the region. It is estimated to dominate the global market during the forecast period, owing to government targets, policy support (tax incentives and RPOs), incentives such as feed-in tariffs, and tenders & competitive bidding in the region. The Americas, on the other hand, is expected to be the fastest growing market for string inverters due to increasing demand for electricity combined with the area’s high irradiation levels, making the region ideal for PV installations.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 43%, Tier 2- 33%, Tier 3- 24%
By Designation: C-Level- 35%, D-Level- 25%, Others- 40%
By Region: Americas- 15%, Europe- 30%, Asia-Pacific- 45%, Rest of World- 10%
Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 20 billion, Tier 2 = From USD 10 billion to USD 20 billion, and Tier 3 =
Research Coverage:
The report provides a picture on the string inverter market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as system types, phase, end-users, power rating, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall string inverter market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Why buy this report?
1. The report identifies and addresses key markets for string inverter market, which is useful for suppliers to review the growth in demand for the product.
2. The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.
3. The report will help key players to better understand the competition’s strategies and will help in making strategic decisions.
The string inverter market is projected to reach USD 3.89 billion by 2021, growing at a CAGR of 8.29% from 2016 to 2021. String inverters are used in residential, commercial & industrial, and utilities. Decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization are expected to drive the string inverter market. On the other hand, shading one panel reduces the efficiency of panels, along with heat losses due to the large size of the inverter, is the major restraint of the global string inverter market.
“The off-grid segment is expected to grow at the fastest CAGR from 2016 to 2021”
With regard to system type, the off-grid segment is estimated to grow at the fastest CAGR. Though off-grid technology is cheaper, the string inverter application is not very cost effective, which restricts the installation of string inverter at a large scale, such as three-phase string inverters. In coming years, with declining solar module, inverter, and overall solar systems prices, off-grid string inverters are expected to gain momentum.
“Asia-Pacific: The largest market for string inverter”
Asia-Pacific is expected to be the largest market for string inverters, with China and India being the biggest markets in the region. It is estimated to dominate the global market during the forecast period, owing to government targets, policy support (tax incentives and RPOs), incentives such as feed-in tariffs, and tenders & competitive bidding in the region. The Americas, on the other hand, is expected to be the fastest growing market for string inverters due to increasing demand for electricity combined with the area’s high irradiation levels, making the region ideal for PV installations.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 43%, Tier 2- 33%, Tier 3- 24%
By Designation: C-Level- 35%, D-Level- 25%, Others- 40%
By Region: Americas- 15%, Europe- 30%, Asia-Pacific- 45%, Rest of World- 10%
Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 20 billion, Tier 2 = From USD 10 billion to USD 20 billion, and Tier 3 =
Research Coverage:
The report provides a picture on the string inverter market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as system types, phase, end-users, power rating, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall string inverter market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Why buy this report?
1. The report identifies and addresses key markets for string inverter market, which is useful for suppliers to review the growth in demand for the product.
2. The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.
3. The report will help key players to better understand the competition’s strategies and will help in making strategic decisions.
TABLE OF CONTENTS
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 COUNTRIES COVERED 16
1.3.3 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 23
2.3 DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
3.1 INTRODUCTION 26
3.2 HISTORICAL BACKDROP AND EVOLUTION 26
3.3 CURRENT SCENARIO 26
3.4 FUTURE OUTLOOK 28
3.5 CONCLUSION 31
4 PREMIUM INSIGHTS 32
4.1 STRING INVERTER MARKET, BY PHASE 32
4.2 STRING INVERTER MARKET, BY POWER RATING 33
4.3 STRING INVERTER MARKET, BY SYSTEM TYPE 33
4.4 STRING INVERTER MARKET, BY END-USER 34
4.5 STRING INVERTER MARKET: PHASE VS SYSTEM-TYPE 35
4.6 ASIA-PACIFIC: THE LARGEST MARKET DURING THE FORECAST PERIOD 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.2.1 BY PHASE 38
5.2.2 BY POWER RATING 39
5.2.3 BY END-USER 39
5.2.4 BY REGION 40
5.2.5 BY SYSTEM TYPE 40
5.3 MARKET DYNAMICS 41
5.3.1 DRIVERS 41
5.3.1.1 Decreased balance of system cost 41
5.3.1.2 Remote system monitoring capabilities 42
5.3.1.3 Easy installation & customization 42
5.3.2 RESTRAINTS 43
5.3.2.1 Shading one panel reduces the efficiency of all panels 43
5.3.2.2 Higher heat loss due to large size 44
5.3.2.3 No panel level monitoring 44
5.3.3 OPPORTUNITIES 44
5.3.3.1 Government incentive schemes 44
5.3.4 CHALLENGES 45
5.3.4.1 Pricing pressure 45
5.3.4.2 Safety hazards associated with high voltage 45
6 STRING INVERTER MARKET, BY PHASE 46
6.1 INTRODUCTION 47
6.2 SINGLE-PHASE 48
6.3 THREE-PHASE 48
7 STRING INVERTER MARKET, BY SYSTEM TYPE 50
7.1 INTRODUCTION 51
7.2 ON-GRID 52
7.3 OFF-GRID 52
8 STRING INVERTER MARKET, BY END-USER 54
8.1 INTRODUCTION 55
8.2 RESIDENTIAL 56
8.2.1 COMMERCIAL & INDUSTRIAL 57
8.3 UTILITIES 58
?
9 STRING INVERTER MARKET, BY POWER RATING 60
9.1 INTRODUCTION 61
9.2 UPTO 10 KW 62
9.3 11 KW–40 KW 62
9.4 41 KW–80 KW 63
9.5 ABOVE 80 KW 63
10 STRING INVERTER MARKET, BY REGION 64
10.1 INTRODUCTION 65
10.2 ASIA-PACIFIC 68
10.2.1 BY SYSTEM TYPE 70
10.2.2 BY PHASE 70
10.2.3 BY POWER RATING 70
10.2.4 BY END-USER 71
10.2.5 BY COUNTRY 71
10.2.5.1 China 72
10.2.5.2 Japan 72
10.2.5.3 India 73
10.2.5.4 South Korea 73
10.2.5.5 Australia 74
10.2.5.6 Rest of Asia-Pacific 74
10.3 EUROPE 75
10.3.1 BY SYSTEM TYPE 76
10.3.2 BY PHASE 76
10.3.3 BY POWER RATING 76
10.3.4 BY END-USER 77
10.3.5 BY COUNTRY 77
10.3.5.1 Germany 78
10.3.5.2 U.K. 78
10.3.5.3 France 79
10.3.5.4 Italy 79
10.3.5.5 Spain 80
10.3.5.6 Rest of Europe 80
?
10.4 AMERICAS 81
10.4.1 BY SYSTEM TYPE 81
10.4.2 BY PHASE 82
10.4.3 BY POWER RATING 82
10.4.4 BY END-USER 82
10.4.5 BY COUNTRY 83
10.4.5.1 U.S. 83
10.4.5.2 Canada 84
10.4.5.3 Mexico 84
10.4.5.4 Rest of Americas 85
10.5 MIDDLE EAST & AFRICA 85
10.5.1 BY SYSTEM TYPE 85
10.5.2 BY PHASE 86
10.5.3 BY POWER RATING 86
10.5.4 BY END-USER 87
10.5.5 BY COUNTRY 87
10.5.5.1 UAE 88
10.5.5.2 Algeria 88
10.5.5.3 South Africa 89
10.5.5.4 Rest of Middle East & Africa 89
11 COMPETITIVE LANDSCAPE 91
11.1 OVERVIEW 91
11.2 COMPETITIVE SITUATION & TRENDS 93
11.3 MARKET SHARE ANALYSIS, STRING INVERTER MARKET (BY KEY PLAYERS) 94
11.4 CONTRACTS & AGREEMENTS 95
11.5 EXPANSIONS 96
11.6 PARTNERSHIPS, JOINT VENTURES, COLLABORATIONS 96
11.7 NEW PRODUCT DEVELOPMENT/LAUNCHES 97
11.8 MERGERS & ACQUISITIONS 98
12 COMPANY PROFILES 99
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
12.1 INTRODUCTION 99
12.2 SMA SOLAR TECHNOLOGY AG 100
12.3 SOLAREDGE TECHNOLOGIES, INC. 104
12.4 SCHNEIDER ELECTRIC SOLAR 107
12.5 ABB LIMITED 110
12.6 SUNGROW POWER SUPPLY CO., LTD. 113
12.7 FRONIUS INTERNATIONAL GMBH 115
12.8 SOLARMAX GROUP 118
12.9 YASKAWA – SOLECTRIA SOLAR 120
12.10 GINLONG TECHNOLOGIES 122
12.11 DELTA ENERGY SYSTEM GMBH 125
12.12 SAMIL POWER CO., LTD. 128
12.13 KACO NEW ENERGY GMBH 130
12.14 CHINT POWER SYSTEMS CO., LTD. 134
12.15 HUAWEI TECHNOLOGIES CO. LTD 137
12.16 GROWATT NEW ENERGY TECHNOLOGY CO., LTD. 139
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View might not be captured in case of unlisted companies.
13 APPENDIX 142
13.1 INSIGHTS OF INDUSTRY EXPERTS 142
13.2 DISCUSSION GUIDE 143
13.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 146
13.5 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 148
13.6 AVAILABLE CUSTOMIZATIONS 149
13.7 RELATED REPORTS 150
13.8 AUTHOR DETAILS 151
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 COUNTRIES COVERED 16
1.3.3 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 23
2.3 DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
3.1 INTRODUCTION 26
3.2 HISTORICAL BACKDROP AND EVOLUTION 26
3.3 CURRENT SCENARIO 26
3.4 FUTURE OUTLOOK 28
3.5 CONCLUSION 31
4 PREMIUM INSIGHTS 32
4.1 STRING INVERTER MARKET, BY PHASE 32
4.2 STRING INVERTER MARKET, BY POWER RATING 33
4.3 STRING INVERTER MARKET, BY SYSTEM TYPE 33
4.4 STRING INVERTER MARKET, BY END-USER 34
4.5 STRING INVERTER MARKET: PHASE VS SYSTEM-TYPE 35
4.6 ASIA-PACIFIC: THE LARGEST MARKET DURING THE FORECAST PERIOD 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.2.1 BY PHASE 38
5.2.2 BY POWER RATING 39
5.2.3 BY END-USER 39
5.2.4 BY REGION 40
5.2.5 BY SYSTEM TYPE 40
5.3 MARKET DYNAMICS 41
5.3.1 DRIVERS 41
5.3.1.1 Decreased balance of system cost 41
5.3.1.2 Remote system monitoring capabilities 42
5.3.1.3 Easy installation & customization 42
5.3.2 RESTRAINTS 43
5.3.2.1 Shading one panel reduces the efficiency of all panels 43
5.3.2.2 Higher heat loss due to large size 44
5.3.2.3 No panel level monitoring 44
5.3.3 OPPORTUNITIES 44
5.3.3.1 Government incentive schemes 44
5.3.4 CHALLENGES 45
5.3.4.1 Pricing pressure 45
5.3.4.2 Safety hazards associated with high voltage 45
6 STRING INVERTER MARKET, BY PHASE 46
6.1 INTRODUCTION 47
6.2 SINGLE-PHASE 48
6.3 THREE-PHASE 48
7 STRING INVERTER MARKET, BY SYSTEM TYPE 50
7.1 INTRODUCTION 51
7.2 ON-GRID 52
7.3 OFF-GRID 52
8 STRING INVERTER MARKET, BY END-USER 54
8.1 INTRODUCTION 55
8.2 RESIDENTIAL 56
8.2.1 COMMERCIAL & INDUSTRIAL 57
8.3 UTILITIES 58
?
9 STRING INVERTER MARKET, BY POWER RATING 60
9.1 INTRODUCTION 61
9.2 UPTO 10 KW 62
9.3 11 KW–40 KW 62
9.4 41 KW–80 KW 63
9.5 ABOVE 80 KW 63
10 STRING INVERTER MARKET, BY REGION 64
10.1 INTRODUCTION 65
10.2 ASIA-PACIFIC 68
10.2.1 BY SYSTEM TYPE 70
10.2.2 BY PHASE 70
10.2.3 BY POWER RATING 70
10.2.4 BY END-USER 71
10.2.5 BY COUNTRY 71
10.2.5.1 China 72
10.2.5.2 Japan 72
10.2.5.3 India 73
10.2.5.4 South Korea 73
10.2.5.5 Australia 74
10.2.5.6 Rest of Asia-Pacific 74
10.3 EUROPE 75
10.3.1 BY SYSTEM TYPE 76
10.3.2 BY PHASE 76
10.3.3 BY POWER RATING 76
10.3.4 BY END-USER 77
10.3.5 BY COUNTRY 77
10.3.5.1 Germany 78
10.3.5.2 U.K. 78
10.3.5.3 France 79
10.3.5.4 Italy 79
10.3.5.5 Spain 80
10.3.5.6 Rest of Europe 80
?
10.4 AMERICAS 81
10.4.1 BY SYSTEM TYPE 81
10.4.2 BY PHASE 82
10.4.3 BY POWER RATING 82
10.4.4 BY END-USER 82
10.4.5 BY COUNTRY 83
10.4.5.1 U.S. 83
10.4.5.2 Canada 84
10.4.5.3 Mexico 84
10.4.5.4 Rest of Americas 85
10.5 MIDDLE EAST & AFRICA 85
10.5.1 BY SYSTEM TYPE 85
10.5.2 BY PHASE 86
10.5.3 BY POWER RATING 86
10.5.4 BY END-USER 87
10.5.5 BY COUNTRY 87
10.5.5.1 UAE 88
10.5.5.2 Algeria 88
10.5.5.3 South Africa 89
10.5.5.4 Rest of Middle East & Africa 89
11 COMPETITIVE LANDSCAPE 91
11.1 OVERVIEW 91
11.2 COMPETITIVE SITUATION & TRENDS 93
11.3 MARKET SHARE ANALYSIS, STRING INVERTER MARKET (BY KEY PLAYERS) 94
11.4 CONTRACTS & AGREEMENTS 95
11.5 EXPANSIONS 96
11.6 PARTNERSHIPS, JOINT VENTURES, COLLABORATIONS 96
11.7 NEW PRODUCT DEVELOPMENT/LAUNCHES 97
11.8 MERGERS & ACQUISITIONS 98
12 COMPANY PROFILES 99
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
12.1 INTRODUCTION 99
12.2 SMA SOLAR TECHNOLOGY AG 100
12.3 SOLAREDGE TECHNOLOGIES, INC. 104
12.4 SCHNEIDER ELECTRIC SOLAR 107
12.5 ABB LIMITED 110
12.6 SUNGROW POWER SUPPLY CO., LTD. 113
12.7 FRONIUS INTERNATIONAL GMBH 115
12.8 SOLARMAX GROUP 118
12.9 YASKAWA – SOLECTRIA SOLAR 120
12.10 GINLONG TECHNOLOGIES 122
12.11 DELTA ENERGY SYSTEM GMBH 125
12.12 SAMIL POWER CO., LTD. 128
12.13 KACO NEW ENERGY GMBH 130
12.14 CHINT POWER SYSTEMS CO., LTD. 134
12.15 HUAWEI TECHNOLOGIES CO. LTD 137
12.16 GROWATT NEW ENERGY TECHNOLOGY CO., LTD. 139
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View might not be captured in case of unlisted companies.
13 APPENDIX 142
13.1 INSIGHTS OF INDUSTRY EXPERTS 142
13.2 DISCUSSION GUIDE 143
13.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 146
13.5 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 148
13.6 AVAILABLE CUSTOMIZATIONS 149
13.7 RELATED REPORTS 150
13.8 AUTHOR DETAILS 151
