Raipur, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Stratview Research, a leading market research firm has launched a report on the String Inverter Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.

Click here to get the free sample pdf:

https://www.stratviewresearch.com/Request-Sample/1782/string-inverter-market.html#form

How is the Report Helpful?

The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.

Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.

What are the Top Market Drivers?

According to the report, the String Inverter market is driven by a host of factors, some of which are noted below:

The report also includes growth rate estimates based upon the intensity of drivers and constraints and provides the users with several graphical illustrations of the key insights.

Stratview Research has segmented the market in the following ways which fulfill the market data needs of multiple stakeholders across the industry value chain.

Market Trends Power Class Type

Single-phase string inverters are projected to witness a strong growth rate in the market owing to their effective operational feasibility, due to which they are gaining traction in residential and small commercial establishments.

In addition, some positive regulatory prospects such as feed-in tariff schemes are expected to drive product demand during the forecast period. On the other hand, three-phase string inverters are expected to benefit from factors such as low cost, absence of inverter subpanel, and compact size over the forecast period. Three phases string inverter type is further categorized as Low Power ≤99 kW and High Power >99 kW.

Market Trends by Nominal Output Power Type

The ≤500W nominal output power type segment is expected to lead the market during the forecast period. The growth of the segment is bolstered by its significant progress across small-scale photovoltaic applications.

Which region offers the best opportunity and growth?

North America is estimated to be the leading region in the market for string inverters during the forecast period. The region's growth is driven by the growth in the U.S. market along with the federal norms to achieve a clean economy structure by reducing the impact of harmful emissions and increasing the focus on energy conservation.

On the other hand, the Asia-Pacific market is likely to be positively influenced over the forecast period with China and India being the growth engines offering promising growth opportunities. Europe is also expected to offer substantial growth opportunities during the forecast period

COVID-19 Impact on the String Inverter Market

COVID-19 has put an instant halt to many industries across the globe. Lockdown norms in several countries have swiftly affected the global economy by affecting the supply chain, production, and demand in the market. Both direct, as well as indirect impacts of the pandemic, have been incorporated in this report.

To know more about the covid-19 impact, get a free sample report, here:

https://www.stratviewresearch.com/Request-Sample/1782/string-inverter-market.html#form

Who are the Top Market Players?

After a thorough analysis of the market, the experts have listed a few key players and discussed company profiles of the below-given players -

What deliverables will you get in this report?

Related reports which might be useful:

               https://www.stratviewresearch.com/1034/commercial-standby-generator-sets-market.html

              https://www.stratviewresearch.com/620/variable-speed-generator-market.html

Stratview Research is a global market research firm that offers reliable market reports, market entry strategies, strategic growth consulting, and more. The market experts compile high-quality market information to help users obtain granular level clarity on current business trends and expected future developments. Stratview Research also offers customization of the reports. Reach out to the analysts to customize the given report according to your priority/requirement.

Stratview Research has also launched 'Composights', an online portal that offers free thought leadership reports, whitepapers, market report synopsis, and much more for Composites and allied industries, worth US$ 20,000 every year.

Click here to sign up (No costs involved):

https://www.stratviewresearch.com/composights/sign-in

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.