String Inverter Market Worldwide Is Projected to Grow by US$2.1 Billion

NEW YORK, Nov. 5, 2019 /PVTIME/ — String Inverter market worldwide is projected to grow by US$2.1 Billion, driven by a compounded growth of 7.9%. Single, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.1 Billion by the year 2025, Single will bring in healthy gains adding significant momentum to global growth.

– Representing the developed world, the United States will maintain a 9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$98.2 Million to the region’s size and clout in the next 5 to 6 years. Over US$96.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Single will reach a market size of US$115.7 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.6% over the next couple of years and add approximately US$362.4 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

– Competitors identified in this market include, among others, ABB Ltd.; CPS North America; Delta Energy Systems (Germany) GmbH; Fronius International GmbH; Ginlong Technologies; Growatt New Energy Technology Co., Ltd.; Huawei Technologies Co., Ltd.; KACO New Energy GmbH; Samil Power Co., Ltd.; Schneider Electric Solar; SMA Solar Technology AG; SolarEdge Technologies, Inc.; Solarmax Group; Sungrow Power Supply Co., Ltd.; Yaskawa – Solectria Solar

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SOURCE: Reportlinker