String Inverter Market Overview with Detailed Analysis, Competitive landscape Forecast to 2024
Market Study Report adds global String Inverter market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Selbyville, Delaware – April 29, 2019 /MarketersMedia/ —
Major participants across string inverter industry are Elettronica Santerno, Sungrow, REFU, SatCon, Delta Group, Samil Power, KACO New Energy, ABB, GoodWe, SMA Solar, Elektronik, Solar Edge, Omron, Huawei, Schneider Electric, Growatt New Energy Technology, Ginlong Technologies, Shenzhen KSTAR, Fronious, SolarMax, TBEA and Chint Group.
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Single phase string inverter is set to witness growth on account of its wide applicability in residential and commercial establishments. Accessibility, high efficiency, enhance operational feasibility and reliability are some of the highlighted features that will enhance the product adoption. Increasing demand for clean fuel electricity will propel the demand for India string inverter market. Respective regulators have introduced initiatives including Jawaharlal Nehru National solar mission to promote the solar system adoption. The program set a target to deploy grid connected solar power with 20,000 MW capacity by 2020.
String Inverter Market is predicted to surpass USD 5 billion by 2024. Favorable measures to promote the adoption of renewable technology coupled with ongoing investment toward sustainable grid integration will drive the industry growth. Government has introduced several regulations and incentives including feed in tariff, net metering and financial assistance to promote the development of sustainable technologies and establishments of innovative projects which will further boost the product demand. In 2018, EU has amended its energy policy frameworks with an objective to aim to bind renewable energy of at least 32% from total energy mix. Furthermore, in 2017, 15% of global PV industry driven by net metering, 75% through financial assistance and 5% from competitive tenders across the globe.
Improved operational efficiency along with declining solar component cost has increased the deployment of solar system, which in turn will propel the string inverter market share. Enhancement of nascent technology along with volume manufacturing practice have resultant into reduce in overall component cost. In addition, surging electricity demand along with strict government regulations pertaining to carbon emissions will further complement the industry landscape.
Industrial application will witness growth owing to surging demand for reliable and uninterrupted power supply along with ongoing measures to curb GHG emissions will augment the business outlook. For instance, in 2018, Tata power has constructed a 6MW rooftop solar project by deploying 95 string inverters across Mangalore refinery site which is located in Karnataka.
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U.S. string inverter market is set to witness growth of over 4% by 2024. Positive outlook toward the adoption of sustainable technology coupled with growing concern pertaining to energy conservation will stimulate the industry growth. Moreover, federal norms to achieve clean economy structure by minimizing the impact of harmful emissions will further complement the business landscape.
Table of Content:
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope and assumptions
1.2 Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2 Executive Summary
2.1 String inverter industry 360 degree synopsis, 2013 – 2024
2.1.1 Current business environment
2.1.2 Product trends
2.1.3 Phase trends
2.1.4 Power rating trends
2.1.5 Application trends
2.1.6 Regional trends
Chapter 3 String Inverter Industry Insights
3.1 Industry segmentation
3.2 Industry size & forecast, 2013 – 2024
3.3 Industry ecosystem
Chapter 4 String Inverter Product Insights
4.1 String inverter market share by product, 2015 & 2024
4.2 Standalone
4.2.1 Global string inverter market estimates and forecast from standalone, 2013 – 2024
4.2.2 Global string inverter market volume from standalone, by region, 2013 – 2024
4.2.3 Global string inverter market revenue from standalone, by region, 2013 – 2024
4.3 On-grid
Chapter 5 String Inverter Phase Insights
5.1 String inverter market share by phase, 2015 & 2024
5.2 Single Phase
5.2.1 Global string inverter market estimates and forecast from single phase, 2013 – 2024
5.2.2 Global string inverter market volume from single phase, by region, 2013 – 2024
5.2.3 Global string inverter market revenue from single phase, by region, 2013 – 2024
5.3 Three Phase
Chapter 6 String Inverter Power Rating Insights
Chapter 7 String Inverter Application Insights
7.1 String inverter market share by application, 2015 & 2024
7.2 Residential
7.2.1 Global string inverter market estimates and forecast from residential, 2013 – 2024
7.2.2 Global string inverter market volume estimates from residential, by region, 2013 – 2024
7.2.3 Global string inverter market revenue estimates from residential, by region, 2013 – 2024
7.3 Commercial
Chapter 8 String Inverter Regional Insights
Chapter 9. Company Profiles
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Related Report:
Photovoltaic (PV) Inverter Market Share & Forecast, 2018 – 2024
Photovoltaic (PV) Inverter Market is projected to exceed USD 11 billion by 2024. Large scale fund allocation toward sustainable grid integration along with favorable government reforms will boost the industry growth. In 2017, around 70% of global PV industry has been positively influenced by monetary schemes and approx. 10% through net metering respectively. Increasing stand-alone electricity demand accompanied by rapid expansion of microgrid infrastructure will further enhance the business dynamics.
https://www.marketstudyreport.com/reports/photovoltaic-pv-inverter-market/?utm_source=RR-PSR
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