The Global String Inverter Market size is projected to reach USD 48.72 Billion by 2027 from USD 22.24 billion from 2019, delivering a CAGR of 10.3% during the forecast period. A string inverter is a device that draws energy from a battery. It manages the battery charge through an onboard charger and exports excess energy to the utility grid. These inverters are capable of supplying AC energy to specific loads during a utility outage. Such inverters manage the charging and discharging of a battery bank. With the rapid growth and technological innovation, the market for power conversion systems (PCS) has emerged as a primary enabling technology for optimal grid integration. This has led to the wide adoption of energy storage battery inverters across the world. Energy storage inverters are a type of electronic device that converts direct current (DC) to alternate current (AC). 

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The power and energy industry is rapidly expanding in terms of revenue owing to constant demand for electricity across the globe. The global String Inverter market is expected to register robust revenue CAGR between 2022 and 2027. There has been a rapid increase in the power consumption across various verticals such as manufacturing, agriculture, IT communication, healthcare, commercial and residential buildings. In addition, rapid industrialization and urbanization, increasing awareness about green energy, rising adoption of smart homes and smart buildings and increasing investments in development sustainable products are fueling market growth.

Competitive Landscape:

The report sheds light on details about every market player in the global String Inverter market along with its global status, product portfolio financial standing, business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base. Top companies operating in the global String Inverter market include: SUNGROW (China), Zhicheng Champion (China), Robert Bosch GmbH (Germany) and others.

Key questions addressed in the global String Inverter market report:

• What is the expected market size of the global String Inverter market during the forecast period?
• What are the key restraints that are expected to hamper overall market growth between 2022 and 2027?
• What key factors are expected to boost global String Inverter market revenue growth throughout the forecast period?
• Which regional market is projected to account for largest revenue share over the forecast period?
• Which regional market revenue is expected to expand at rapid CAGR during the forecast period?
• Which key players are operating in the global String Inverter market?

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The report also offers details about each segment and major regions covered in the global String Inverter market.

Global String Inverter market segmentation:

Type Outlook:

• Single-Phase Electric Power
• Three-Phase Electric Power

Application Outlook:

• Residential
• Commercial
• Utility-Scale

Regional Outlook:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Russia
  • K.
  • Germany
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • Israel
  • Rest of MEA

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