Yaskawa Solectria Solar has joined forces with First Solar. The two companies have been working jointly to maximize the performance of the Solectria XGI 1500-250 utility-scale string inverters to be utilized with thin-film cadmium telluride solar modules of First Solar. The collaboration seeks to develop a grounded DC input version of the new XGI 1500-250 utility-scale string inverter.
SMA Solar Technology AG announced the launch of Sunny Tripower Smart Energy hybrid inverter. It is highly efficient for residential applications and small businesses. It increases the flexibility in using the self-generated solar energy. It is perfect for modern, simple solar energy generation, application, and storage.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 4986
Published Date: Jun 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing deployment of solar panels and rising demand for renewable energy are the major factors driving the market growth.
The market size of string inverter is anticipated to attain a CAGR of ~11% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are 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
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by connection type, phase, end user, and by region.
The off-grid segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
High cost of inverters, and heating problems are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.