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Commercial & Industrial String Inverter Market Share

Report ID: GMI12624
Published Date: Dec 2024
Report Format: PDF

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Commercial & Industrial String Inverter Market Share

Commercial & Industrial String Inverter Company Market Share

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Eminent players are heavily investing in R&D to develop advanced string inverters tailored for commercial & industrial applications. Players are expanding their presence in emerging markets such as Asia Pacific and Africa, where industrialization and commercial solar adoption are growing. Furthermore, some manufacturers are bundling string inverters with complete solar solutions, including solar panels, energy management systems, and battery storage. This integrated approach simplifies installation for customers and enhances overall system performance.

Commercial & Industrial String Inverter Market Companies

Eminent players operating in the commercial & industrial string inverter industry are:

Delta Electronics
Fronius International
Growatt
GoodWe
Huawei Technologies
Havells
Schneider Electric
Sofar Solar
Sineng Electric
SMA Solar Technology
Sungrow
SolarEdge Technologies

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market for commercial and industrial string inverter was reached USD 13.1 billion in 2024 and is estimated to grow at a 10.6% CAGR from 2025 to 2034, driven by increased focus on sustainability.

The ≤ 230V - 400V segment is anticipated to exceed USD 18.6 billion by 2034, due to its high compatibility with low voltage systems, ensuring seamless integration without additional voltage transformation equipment.

The standalone segment is set to grow at a CAGR of over 12.6% through 2034, stimulated by businesses focusing on energy independence to mitigate risks associated with grid outages and supply disruptions.

The U.S. commercial and industrial string inverter market is likely to exceed USD 3.4 billion by 2034, propelled by government programs such as the Investment Tax Credit (ITC) and renewable energy mandates.

Key players in the industry include Delta Electronics, Fronius International, Growatt, GoodWe, Huawei Technologies, Havells, Schneider Electric, Sofar Solar, Sineng Electric, SMA Solar Technology, Sungrow, and SolarEdge Technologies.