Market Highlights
A string inverter is connected with a string of solar panels, which is called the solar array and each solar panel is connected in series to the string inverters. The inverter combines all the direct current received from each individual solar panel and, at once, converts it into alternating current. Moreover, easy replacement and more flexibility as well as availability are some of the factors which driving the market of string inverter.

The report has analyzed the market based on the four segments: product, phase, application, and end use in the regions of North America, Europe, APAC and rest of the world. On the basis of product it includes On-grid, off-grid. On-grid segment is expected to hold the largest share of the string inverter market due to the market of three-phase string inverters, which are being commercialized at a huge scale in Asia-Pacific and Europe. On the basis of phase it includes Single, Three. It is referred as largest market owing to rising installations of large utility-scale solar systems in Japan, China, and other European countries. Moreover On the basis of application, it includes Residential, Commercial, Industrial, utilities. The utilities segment is expected to hold the largest share. Utility-scale large projects are improving for renewable integration and accelerating the growth of the string inverter market for the utility segment. String inverter in utility-based solar systems, integrated with energy storage systems expected to grab the market Whereas Asia pacific region expected to grow the String Inverter market. The scope of the market has widened over many years owing to the flourishing markets of Asia pacific .The global String Inverter market is expected to cross USD XX Billion at the end of the forecasted period and is expected to grow at CAGR of approximately XX from 2016 to 2022.

Key Players
The major player operating in the market of Global String inverter are
• SolarMax,
• Huawei Technologies,
• Sungrow Power Supply,
• Fronius International,
• KOSTAL Solar Electric,
• Growatt New Energy Technology,
• Schneider,
• Ingeteam,
• Ginlong Technologies,
• Advanced Energy Industries,
• KACO New Energy.

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Market Research Future Analysis:
Market Research Future analysis show that the global market of String Inverter market is estimated to grow at US $XX billion by the end of year 2022.Geographically, Asia Pacific dominates the global string inverter market with utilities segment .Utility-scale large projects are improving given regulations for renewable integration and accelerate growth of the string inverter market. Moreover, government also helps by providing policy support such as tax incentives, as well as incentives such as feed-in tariffs and tenders. It is estimated to rise in demand due to growth in demand for inverter. The global String Inverter is expected to grow at CAGR of XX% between years 2016 to 2022.