String Inverter Market by Segment, Industry Verticals,
Geography and Vendors 2018
The report "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",
The string inverter market is expected to grow from an estimated USD 2.61 Billion in 2016 to USD
3.89 Billion by 2021, registering a CAGR of 8.29% from 2016 to 2021. The global market is
witnessing significant growth due to decrease balance of system cost, remove systems
monitoring capabilities, and easy installation & customization.
Browse 66 market data tables and 41 figures spread through 151 pages and in -depth TOC
on “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”
https://www.marketsandmarkets.com/Market-Reports/string-inverter-market-128088243.html
Early buyers will receive 10% customization on reports.
On-grid segment is expected to hold the largest share of the string inverter market, by
system type, during the forecast period
The on-grid segment led the overall string inverter market in 2015. On-grid systems are applied
mostly in small-to-medium scale commercial & industrial, and large utility-scale solar
applications. This is driving the market of three-phase string inverters, which are being
commercialized at a huge scale in Asia-Pacific and Europe.
Utilities are expected to hold the largest market share of the string inverter market, by
end-users, during the forecast period
The utilities segment is expected to hold the largest share the string inverter market during the
forecast period. Utility-scale large projects are improving given regulations for renewable
integration, while accelerating the growth of the string inverter market for the utility segment. On
islands, string inverter in utility-based solar systems, integrated with energy storage systems, is
expected to grab areas with high level of penetration of renewable energy.