The global String Solar PV Inverters market size was valued at US$ 16590 million in 2024 and is forecast to a readjusted size of USD 34040 million by 2031 with a CAGR of 10.9% during review period.
The string-type solar photovoltaic inverter directly converts the direct current generated by the photovoltaic modules into alternating current, which is then boosted and connected to the grid. String-type solar photovoltaic inverters are not affected by module differences between strings and shadows, and at the same time reduce the mismatch between the best operating point of photovoltaic cell modules and the inverter, and maximize power generation. At the same time, the smaller size and self-consumption can reduce the impact of failures.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China"s photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan"s newly installed photovoltaic capacity was 3.72 GW. The growing popularity of renewable energy sources, especially the deployment of solar photovoltaic power generation, has significantly increased the demand for solar modules in recent years. Rising goals and initiatives in developing countries to reduce dependence on fossil fuels and enhance energy security are expected to encourage demand for solar energy systems. The demand for string inverters is increasing due to their high efficiency to maximize the energy generated by solar systems. Furthermore, multiple incentives and regulatory measures to encourage the adoption of sustainable technologies will drive the market demand. A string inverter is a type of solar inverter used in photovoltaic (PV) solar energy systems. The main function of a string inverter is to convert the direct current (DC) power generated by solar panels into alternating current (AC) power that can be used by a home or business or fed into the grid. Manufacturers are constantly developing new technologies to improve the efficiency and reliability of string inverters. For example, global manufacturers are focusing on R&D activities to develop string inverters with built-in monitoring and diagnostic tools, which can improve overall system performance and reduce maintenance costs. Additionally, the growing demand for string inverters with integrated battery energy storage will positively impact the growth of the string inverter market.
This report is a detailed and comprehensive analysis for global String Solar PV Inverters market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global String Solar PV Inverters market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global String Solar PV Inverters market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global String Solar PV Inverters market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global String Solar PV Inverters market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for String Solar PV Inverters
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global String Solar PV Inverters market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SMA Solar Technology, SolarEdge, General Electric, Siemens, Schneider Electric, Cyber​​ Power Systems, Tesla Powerwall, Luminous, Leonics, INVT, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
String Solar PV Inverters market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Low Frequency Inverter
High Frequency Inverter
Market segment by Application
DC Voltage Source
Grid Connection
Others
Major players covered
SMA Solar Technology
SolarEdge
General Electric
Siemens
Schneider Electric
Cyber​​ Power Systems
Tesla Powerwall
Luminous
Leonics
INVT
Easun Power
Alencon Systems
Fimer Group
Sungrow
Hitachi
Huawei
TBEA
Yaskawa-Solectria Solar
Fronius
Growatt
Tabuchi Electric
Ginlong
GoodWe
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe String Solar PV Inverters product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of String Solar PV Inverters, with price, sales quantity, revenue, and global market share of String Solar PV Inverters from 2020 to 2025.
Chapter 3, the String Solar PV Inverters competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the String Solar PV Inverters breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and String Solar PV Inverters market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of String Solar PV Inverters.
Chapter 14 and 15, to describe String Solar PV Inverters sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global String Solar PV Inverters Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Low Frequency Inverter
1.3.3 High Frequency Inverter
1.4 Market Analysis by Application
1.4.1 Overview: Global String Solar PV Inverters Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 DC Voltage Source
1.4.3 Grid Connection
1.4.4 Others
1.5 Global String Solar PV Inverters Market Size & Forecast
1.5.1 Global String Solar PV Inverters Consumption Value (2020 & 2024 & 2031)
1.5.2 Global String Solar PV Inverters Sales Quantity (2020-2031)
1.5.3 Global String Solar PV Inverters Average Price (2020-2031)
2 Manufacturers Profiles
2.1 SMA Solar Technology
2.1.1 SMA Solar Technology Details
2.1.2 SMA Solar Technology Major Business
2.1.3 SMA Solar Technology String Solar PV Inverters Product and Services
2.1.4 SMA Solar Technology String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 SMA Solar Technology Recent Developments/Updates
2.2 SolarEdge
2.2.1 SolarEdge Details
2.2.2 SolarEdge Major Business
2.2.3 SolarEdge String Solar PV Inverters Product and Services
2.2.4 SolarEdge String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 SolarEdge Recent Developments/Updates
2.3 General Electric
2.3.1 General Electric Details
2.3.2 General Electric Major Business
2.3.3 General Electric String Solar PV Inverters Product and Services
2.3.4 General Electric String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 General Electric Recent Developments/Updates
2.4 Siemens
2.4.1 Siemens Details
2.4.2 Siemens Major Business
2.4.3 Siemens String Solar PV Inverters Product and Services
2.4.4 Siemens String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Siemens Recent Developments/Updates
2.5 Schneider Electric
2.5.1 Schneider Electric Details
2.5.2 Schneider Electric Major Business
2.5.3 Schneider Electric String Solar PV Inverters Product and Services
2.5.4 Schneider Electric String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Schneider Electric Recent Developments/Updates
2.6 Cyber​​ Power Systems
2.6.1 Cyber​​ Power Systems Details
2.6.2 Cyber​​ Power Systems Major Business
2.6.3 Cyber​​ Power Systems String Solar PV Inverters Product and Services
2.6.4 Cyber​​ Power Systems String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Cyber​​ Power Systems Recent Developments/Updates
2.7 Tesla Powerwall
2.7.1 Tesla Powerwall Details
2.7.2 Tesla Powerwall Major Business
2.7.3 Tesla Powerwall String Solar PV Inverters Product and Services
2.7.4 Tesla Powerwall String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 Tesla Powerwall Recent Developments/Updates
2.8 Luminous
2.8.1 Luminous Details
2.8.2 Luminous Major Business
2.8.3 Luminous String Solar PV Inverters Product and Services
2.8.4 Luminous String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Luminous Recent Developments/Updates
2.9 Leonics
2.9.1 Leonics Details
2.9.2 Leonics Major Business
2.9.3 Leonics String Solar PV Inverters Product and Services
2.9.4 Leonics String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Leonics Recent Developments/Updates
2.10 INVT
2.10.1 INVT Details
2.10.2 INVT Major Business
2.10.3 INVT String Solar PV Inverters Product and Services
2.10.4 INVT String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 INVT Recent Developments/Updates
2.11 Easun Power
2.11.1 Easun Power Details
2.11.2 Easun Power Major Business
2.11.3 Easun Power String Solar PV Inverters Product and Services
2.11.4 Easun Power String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Easun Power Recent Developments/Updates
2.12 Alencon Systems
2.12.1 Alencon Systems Details
2.12.2 Alencon Systems Major Business
2.12.3 Alencon Systems String Solar PV Inverters Product and Services
2.12.4 Alencon Systems String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Alencon Systems Recent Developments/Updates
2.13 Fimer Group
2.13.1 Fimer Group Details
2.13.2 Fimer Group Major Business
2.13.3 Fimer Group String Solar PV Inverters Product and Services
2.13.4 Fimer Group String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 Fimer Group Recent Developments/Updates
2.14 Sungrow
2.14.1 Sungrow Details
2.14.2 Sungrow Major Business
2.14.3 Sungrow String Solar PV Inverters Product and Services
2.14.4 Sungrow String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Sungrow Recent Developments/Updates
2.15 Hitachi
2.15.1 Hitachi Details
2.15.2 Hitachi Major Business
2.15.3 Hitachi String Solar PV Inverters Product and Services
2.15.4 Hitachi String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.15.5 Hitachi Recent Developments/Updates
2.16 Huawei
2.16.1 Huawei Details
2.16.2 Huawei Major Business
2.16.3 Huawei String Solar PV Inverters Product and Services
2.16.4 Huawei String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.16.5 Huawei Recent Developments/Updates
2.17 TBEA
2.17.1 TBEA Details
2.17.2 TBEA Major Business
2.17.3 TBEA String Solar PV Inverters Product and Services
2.17.4 TBEA String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.17.5 TBEA Recent Developments/Updates
2.18 Yaskawa-Solectria Solar
2.18.1 Yaskawa-Solectria Solar Details
2.18.2 Yaskawa-Solectria Solar Major Business
2.18.3 Yaskawa-Solectria Solar String Solar PV Inverters Product and Services
2.18.4 Yaskawa-Solectria Solar String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.18.5 Yaskawa-Solectria Solar Recent Developments/Updates
2.19 Fronius
2.19.1 Fronius Details
2.19.2 Fronius Major Business
2.19.3 Fronius String Solar PV Inverters Product and Services
2.19.4 Fronius String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.19.5 Fronius Recent Developments/Updates
2.20 Growatt
2.20.1 Growatt Details
2.20.2 Growatt Major Business
2.20.3 Growatt String Solar PV Inverters Product and Services
2.20.4 Growatt String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.20.5 Growatt Recent Developments/Updates
2.21 Tabuchi Electric
2.21.1 Tabuchi Electric Details
2.21.2 Tabuchi Electric Major Business
2.21.3 Tabuchi Electric String Solar PV Inverters Product and Services
2.21.4 Tabuchi Electric String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.21.5 Tabuchi Electric Recent Developments/Updates
2.22 Ginlong
2.22.1 Ginlong Details
2.22.2 Ginlong Major Business
2.22.3 Ginlong String Solar PV Inverters Product and Services
2.22.4 Ginlong String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.22.5 Ginlong Recent Developments/Updates
2.23 GoodWe
2.23.1 GoodWe Details
2.23.2 GoodWe Major Business
2.23.3 GoodWe String Solar PV Inverters Product and Services
2.23.4 GoodWe String Solar PV Inverters Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.23.5 GoodWe Recent Developments/Updates
3 Competitive Environment: String Solar PV Inverters by Manufacturer
3.1 Global String Solar PV Inverters Sales Quantity by Manufacturer (2020-2025)
3.2 Global String Solar PV Inverters Revenue by Manufacturer (2020-2025)
3.3 Global String Solar PV Inverters Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of String Solar PV Inverters by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 String Solar PV Inverters Manufacturer Market Share in 2024
3.4.3 Top 6 String Solar PV Inverters Manufacturer Market Share in 2024
3.5 String Solar PV Inverters Market: Overall Company Footprint Analysis
3.5.1 String Solar PV Inverters Market: Region Footprint
3.5.2 String Solar PV Inverters Market: Company Product Type Footprint
3.5.3 String Solar PV Inverters Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global String Solar PV Inverters Market Size by Region
4.1.1 Global String Solar PV Inverters Sales Quantity by Region (2020-2031)
4.1.2 Global String Solar PV Inverters Consumption Value by Region (2020-2031)
4.1.3 Global String Solar PV Inverters Average Price by Region (2020-2031)
4.2 North America String Solar PV Inverters Consumption Value (2020-2031)
4.3 Europe String Solar PV Inverters Consumption Value (2020-2031)
4.4 Asia-Pacific String Solar PV Inverters Consumption Value (2020-2031)
4.5 South America String Solar PV Inverters Consumption Value (2020-2031)
4.6 Middle East & Africa String Solar PV Inverters Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global String Solar PV Inverters Sales Quantity by Type (2020-2031)
5.2 Global String Solar PV Inverters Consumption Value by Type (2020-2031)
5.3 Global String Solar PV Inverters Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global String Solar PV Inverters Sales Quantity by Application (2020-2031)
6.2 Global String Solar PV Inverters Consumption Value by Application (2020-2031)
6.3 Global String Solar PV Inverters Average Price by Application (2020-2031)
7 North America
7.1 North America String Solar PV Inverters Sales Quantity by Type (2020-2031)
7.2 North America String Solar PV Inverters Sales Quantity by Application (2020-2031)
7.3 North America String Solar PV Inverters Market Size by Country
7.3.1 North America String Solar PV Inverters Sales Quantity by Country (2020-2031)
7.3.2 North America String Solar PV Inverters Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe String Solar PV Inverters Sales Quantity by Type (2020-2031)
8.2 Europe String Solar PV Inverters Sales Quantity by Application (2020-2031)
8.3 Europe String Solar PV Inverters Market Size by Country
8.3.1 Europe String Solar PV Inverters Sales Quantity by Country (2020-2031)
8.3.2 Europe String Solar PV Inverters Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific String Solar PV Inverters Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific String Solar PV Inverters Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific String Solar PV Inverters Market Size by Region
9.3.1 Asia-Pacific String Solar PV Inverters Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific String Solar PV Inverters Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America String Solar PV Inverters Sales Quantity by Type (2020-2031)
10.2 South America String Solar PV Inverters Sales Quantity by Application (2020-2031)
10.3 South America String Solar PV Inverters Market Size by Country
10.3.1 South America String Solar PV Inverters Sales Quantity by Country (2020-2031)
10.3.2 South America String Solar PV Inverters Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa String Solar PV Inverters Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa String Solar PV Inverters Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa String Solar PV Inverters Market Size by Country
11.3.1 Middle East & Africa String Solar PV Inverters Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa String Solar PV Inverters Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 String Solar PV Inverters Market Drivers
12.2 String Solar PV Inverters Market Restraints
12.3 String Solar PV Inverters Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of String Solar PV Inverters and Key Manufacturers
13.2 Manufacturing Costs Percentage of String Solar PV Inverters
13.3 String Solar PV Inverters Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 String Solar PV Inverters Typical Distributors
14.3 String Solar PV Inverters Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
SMA Solar Technology
SolarEdge
General Electric
Siemens
Schneider Electric
Cyber​​ Power Systems
Tesla Powerwall
Luminous
Leonics
INVT
Easun Power
Alencon Systems
Fimer Group
Sungrow
Hitachi
Huawei
TBEA
Yaskawa-Solectria Solar
Fronius
Growatt
Tabuchi Electric
Ginlong
GoodWe
Ìý
Ìý
*If Applicable.
