Industry: Machinery & Equipment
Published Date: 2025-02-13
Pages: 125 Pages
Report ld: 3763809
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Solar String Inverters Market Size(US$)

CAGR 2025-2031
9.6%
Market Size,2031
USD 15,930
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Solar String Inverters was estimated to be worth US$ 8460 million in 2024 and is forecast to a readjusted size of US$ 15930 million by 2031 with a CAGR of 9.6% during the forecast period 2025-2031.
A solar string inverter is a type of inverter that converts all of the direct current (DC electricity) in strings of panels into usable alternating current (AC electricity). It is also known as a central inverter. Under this PV setup, the solar panels are wired together through a common “string” and all of the energy the panels produce is sent to a single inverter that is typically located a short distance away in a location between the solar array and the switchboard.
North American market for Solar String Inverters was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Solar String Inverters was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Europe market for Solar String Inverters was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global key companies of Solar String Inverters include HUAWEI, Sungrow Power Supply Co., Ltd, SMA, GOODWE, SINENG, ATEC GROUP, KSTAR, CPS, GROWATT, TBEA, etc. In 2024, the global five largest players hold a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Solar String Inverters, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Solar String Inverters by region & country, by Type, and by Application.
The Solar String Inverters market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar String Inverters.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Solar String Inverters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Solar String Inverters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Solar String Inverters in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Solar String Inverters Product Introduction
1.2 Global Solar String Inverters Market Size Forecast
1.2.1 Global Solar String Inverters Sales Value (2020-2031)
1.2.2 Global Solar String Inverters Sales Volume (2020-2031)
1.2.3 Global Solar String Inverters Sales Price (2020-2031)
1.3 Solar String Inverters Market Trends & Drivers
1.3.1 Solar String Inverters Industry Trends
1.3.2 Solar String Inverters Market Drivers & Opportunity
1.3.3 Solar String Inverters Market Challenges
1.3.4 Solar String Inverters Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Solar String Inverters Players Revenue Ranking (2024)
2.2 Global Solar String Inverters Revenue by Company (2020-2025)
2.3 Global Solar String Inverters Players Sales Volume Ranking (2024)
2.4 Global Solar String Inverters Sales Volume by Company Players (2020-2025)
2.5 Global Solar String Inverters Average Price by Company (2020-2025)
2.6 Key Manufacturers Solar String Inverters Manufacturing Base and Headquarters
2.7 Key Manufacturers Solar String Inverters Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Solar String Inverters
2.9 Solar String Inverters Market Competitive Analysis
2.9.1 Solar String Inverters Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Solar String Inverters Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Solar String Inverters as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 1.5-6KW
3.1.2 6-30KW
3.1.3 30-40KW
3.1.4 40-60KW
3.1.5 60-200KW
3.1.6 Above 200KW
3.2 Global Solar String Inverters Sales Value by Type
3.2.1 Global Solar String Inverters Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Solar String Inverters Sales Value, by Type (2020-2031)
3.2.3 Global Solar String Inverters Sales Value, by Type (%) (2020-2031)
3.3 Global Solar String Inverters Sales Volume by Type
3.3.1 Global Solar String Inverters Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Solar String Inverters Sales Volume, by Type (2020-2031)
3.3.3 Global Solar String Inverters Sales Volume, by Type (%) (2020-2031)
3.4 Global Solar String Inverters Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Household Use
4.1.2 Industrial and Commercial
4.1.3 Ground Power Station
4.2 Global Solar String Inverters Sales Value by Application
4.2.1 Global Solar String Inverters Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Solar String Inverters Sales Value, by Application (2020-2031)
4.2.3 Global Solar String Inverters Sales Value, by Application (%) (2020-2031)
4.3 Global Solar String Inverters Sales Volume by Application
4.3.1 Global Solar String Inverters Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Solar String Inverters Sales Volume, by Application (2020-2031)
4.3.3 Global Solar String Inverters Sales Volume, by Application (%) (2020-2031)
4.4 Global Solar String Inverters Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Solar String Inverters Sales Value by Region
5.1.1 Global Solar String Inverters Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Solar String Inverters Sales Value by Region (2020-2025)
5.1.3 Global Solar String Inverters Sales Value by Region (2026-2031)
5.1.4 Global Solar String Inverters Sales Value by Region (%), (2020-2031)
5.2 Global Solar String Inverters Sales Volume by Region
5.2.1 Global Solar String Inverters Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Solar String Inverters Sales Volume by Region (2020-2025)
5.2.3 Global Solar String Inverters Sales Volume by Region (2026-2031)
5.2.4 Global Solar String Inverters Sales Volume by Region (%), (2020-2031)
5.3 Global Solar String Inverters Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Solar String Inverters Sales Value, 2020-2031
5.4.2 North America Solar String Inverters Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Solar String Inverters Sales Value, 2020-2031
5.5.2 Europe Solar String Inverters Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Solar String Inverters Sales Value, 2020-2031
5.6.2 Asia Pacific Solar String Inverters Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Solar String Inverters Sales Value, 2020-2031
5.7.2 South America Solar String Inverters Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Solar String Inverters Sales Value, 2020-2031
5.8.2 Middle East & Africa Solar String Inverters Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Solar String Inverters Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Solar String Inverters Sales Value
6.2.1 Key Countries/Regions Solar String Inverters Sales Value, 2020-2031
6.2.2 Key Countries/Regions Solar String Inverters Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Solar String Inverters Sales Value, 2020-2031
6.3.2 United States Solar String Inverters Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Solar String Inverters Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Solar String Inverters Sales Value, 2020-2031
6.4.2 Europe Solar String Inverters Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Solar String Inverters Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Solar String Inverters Sales Value, 2020-2031
6.5.2 China Solar String Inverters Sales Value by Type (%), 2024 VS 2031
6.5.3 China Solar String Inverters Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Solar String Inverters Sales Value, 2020-2031
6.6.2 Japan Solar String Inverters Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Solar String Inverters Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Solar String Inverters Sales Value, 2020-2031
6.7.2 South Korea Solar String Inverters Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Solar String Inverters Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Solar String Inverters Sales Value, 2020-2031
6.8.2 Southeast Asia Solar String Inverters Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Solar String Inverters Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Solar String Inverters Sales Value, 2020-2031
6.9.2 India Solar String Inverters Sales Value by Type (%), 2024 VS 2031
6.9.3 India Solar String Inverters Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 HUAWEI
7.1.1 HUAWEI Company Information
7.1.2 HUAWEI Introduction and Business Overview
7.1.3 HUAWEI Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 HUAWEI Solar String Inverters Product Offerings
7.1.5 HUAWEI Recent Development
7.2 Sungrow Power Supply Co., Ltd
7.2.1 Sungrow Power Supply Co., Ltd Company Information
7.2.2 Sungrow Power Supply Co., Ltd Introduction and Business Overview
7.2.3 Sungrow Power Supply Co., Ltd Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Sungrow Power Supply Co., Ltd Solar String Inverters Product Offerings
7.2.5 Sungrow Power Supply Co., Ltd Recent Development
7.3 SMA
7.3.1 SMA Company Information
7.3.2 SMA Introduction and Business Overview
7.3.3 SMA Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 SMA Solar String Inverters Product Offerings
7.3.5 SMA Recent Development
7.4 GOODWE
7.4.1 GOODWE Company Information
7.4.2 GOODWE Introduction and Business Overview
7.4.3 GOODWE Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 GOODWE Solar String Inverters Product Offerings
7.4.5 GOODWE Recent Development
7.5 SINENG
7.5.1 SINENG Company Information
7.5.2 SINENG Introduction and Business Overview
7.5.3 SINENG Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 SINENG Solar String Inverters Product Offerings
7.5.5 SINENG Recent Development
7.6 ATEC GROUP
7.6.1 ATEC GROUP Company Information
7.6.2 ATEC GROUP Introduction and Business Overview
7.6.3 ATEC GROUP Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 ATEC GROUP Solar String Inverters Product Offerings
7.6.5 ATEC GROUP Recent Development
7.7 KSTAR
7.7.1 KSTAR Company Information
7.7.2 KSTAR Introduction and Business Overview
7.7.3 KSTAR Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 KSTAR Solar String Inverters Product Offerings
7.7.5 KSTAR Recent Development
7.8 CPS
7.8.1 CPS Company Information
7.8.2 CPS Introduction and Business Overview
7.8.3 CPS Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 CPS Solar String Inverters Product Offerings
7.8.5 CPS Recent Development
7.9 GROWATT
7.9.1 GROWATT Company Information
7.9.2 GROWATT Introduction and Business Overview
7.9.3 GROWATT Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 GROWATT Solar String Inverters Product Offerings
7.9.5 GROWATT Recent Development
7.10 TBEA
7.10.1 TBEA Company Information
7.10.2 TBEA Introduction and Business Overview
7.10.3 TBEA Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 TBEA Solar String Inverters Product Offerings
7.10.5 TBEA Recent Development
7.11 FIMER
7.11.1 FIMER Company Information
7.11.2 FIMER Introduction and Business Overview
7.11.3 FIMER Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 FIMER Solar String Inverters Product Offerings
7.11.5 FIMER Recent Development
7.12 Fronius
7.12.1 Fronius Company Information
7.12.2 Fronius Introduction and Business Overview
7.12.3 Fronius Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Fronius Solar String Inverters Product Offerings
7.12.5 Fronius Recent Development
7.13 KELONG
7.13.1 KELONG Company Information
7.13.2 KELONG Introduction and Business Overview
7.13.3 KELONG Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 KELONG Solar String Inverters Product Offerings
7.13.5 KELONG Recent Development
7.14 SAJ
7.14.1 SAJ Company Information
7.14.2 SAJ Introduction and Business Overview
7.14.3 SAJ Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 SAJ Solar String Inverters Product Offerings
7.14.5 SAJ Recent Development
7.15 KACO
7.15.1 KACO Company Information
7.15.2 KACO Introduction and Business Overview
7.15.3 KACO Solar String Inverters Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 KACO Solar String Inverters Product Offerings
7.15.5 KACO Recent Development
8 Industry Chain Analysis
8.1 Solar String Inverters Industrial Chain
8.2 Solar String Inverters Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Solar String Inverters Sales Model
8.5.2 Sales Channel
8.5.3 Solar String Inverters Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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