String Inverter Market Growth, Industry, Analysis, and Size.

1. Analysis of String Inverter Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~11% During 2023-2035 and Attain ~USD 48 Billion by 2035 Research Nester assesses the growth and market size of the global string inverter market which is anticipated to be on account of the rising demand for renewable energy resources and higher installation of solar panels. New York – April 28, 2023- Research Nester’s recent market research analysis on “String Inverter Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global string inverter market in terms of market segmentation by connection type, phase, end users, and by region.

2. Growing Production of Renewable Energy to Promote Global Market Share of String Inverter The global string inverter market is estimated to grow majorly on account of the rising installation of solar panels and the rising demand and production of renewable energy. String inverters play a crucial role in renewable energy systems, especially in solar PV installations. Solar panels generate DC electricity when sunlight is flashed on them. However, most of the appliances work on AC electricity. String inverters convert the DC power produced by a series of solar panels into AC power to make solar energy compatible with electrical systems. The global power capacity from renewables is projected to rise by 2400 GW between the years 2022 and 2027. Moreover, the world had installed enough solar panels as of March 2022 to generate around 1 TW of direct solar power. Besides this, the advanced features of string inverters and rising initiatives are taken to provide electricity in the rural region. String inverters are frequently equipped with advanced monitoring and control capabilities, as well as the ability to extract real-time data. This data may be utilized to take decisions associated with system updates and maintenance, which improves the smart infrastructure overall. Furthermore, the Indian government has passed the provision of power to approximately 18,000 villages and set a goal of installing 175 GW of renewable energy Some of the major growth factors and challenges that are associated with the growth of the global string inverter market are: Growth Drivers:

3. Surging Initiatives for Sustainable Technologies · Higher Deployment of Solar Panels · Challenges: Loss of heat from the components of a string inverter is going to impede market growth. All types of string inverters lose some heat and this impacts the performance and life of these inverters. On the other hand, the regulation policies for exporting inverters keep on changing which makes manufacturers adhere to these policies. In addition to this, string inverters are highly susceptible to performance degradation when part of the solar panels in a string is shaded. These are some of the major factors anticipated to hamper the global market size of string inverters. Access our detailed report at: The string inverter market is segmented by phase, connection type, and by end users. By phase, the market is further fragmented into a single phase, and three phases. Out of which, the three-phase segment is expected to dominate the market growth. Owing to the higher power capacity and improved efficiency, string inverters are commonly used in industrial and commercial applications. A phase system is highly used in the commercial sector, to balance the power distribution across the sector, the three phases require a string inverter. Moreover, by connection type, the global string inverter market is segmented into off-grid and on-grid. The off-grid segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Rising off-grid solar panel electricity generation will drive segment expansion. The off-grid solar

4. industry is growing, with 70 million more people gaining access to electricity through off-grid solar power since 2019. By region, the North American string inverter market is to hold the second-largest share by the end of 2035. This growth is anticipated by the rising demand for renewable energy. The string inverter is used to convert the direct current from renewable energy sources to alternating current, therefore higher production of renewable energy, such as solar energy will increase the need for string inverters. Moreover, there has been a presence of leading manufacturers of string inverters in countries such as the United States, which is further predicted to contribute to the market’s growth in the region. Consult our expert analysts at: info@researchnester.com or contact us at: https://www.researchnester.com/contact for any customized report. This report also provides the existing competitive scenario of some of the key players of the global string inverter market which includes company profiling of KACO New Energy GmbH, Delta Energy Systems GmbH, Yaskawa Solectria Solar, Sungrow Power Supply Co Ltd, Huawei Technologies Co. Ltd., Chint Power Systems Co. Ltd., Ginlong Technologies Co Ltd, Fronius International GmbH, SMA Solar Technology AG, and Eaton Corporation Plc Request Report Sample@ https://www.researchnester.com/sample-request-4986

5. Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out-of-the-box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919