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Standalone Three Phase PV Inverter Market Share

Report ID: GMI11991
Published Date: Oct 2024
Report Format: PDF

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Standalone Three Phase PV Inverter Market Share

Standalone Three Phase PV Inverter Market Company Share

Eminent players are adopting competitive pricing strategies without compromising on quality. This may involve optimizing manufacturing processes to reduce costs and offering financing solutions, such as leasing options or power purchase agreements (PPAs), to make solar investments more accessible for businesses. Furthermore, companies are enhancing customer experience through improved service and support. This includes offering training programs for installers, providing robust after-sales support, and developing user-friendly monitoring and control interfaces.

Standalone Three Phase PV Inverter Market Companies

Eminent players operating in the standalone three phase PV inverter industry are:

Eastman Solar
Growatt
Hitachi Hi-Rel Power Electronics
Kirloskar Solar
INVTSolar
LEONICS
SMA Solar Technology
SUNGROW
Sankopower
Waaree

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market size for standalone three-phase PV inverter was valued at USD 3.7 billion in 2023 and is projected to reach USD 12.5 billion by 2032, driven by a CAGR of 13.5% from 2024 to 2032.

String inverters are expected to surpass USD 3 billion by 2032, due to their affordability and ease of installation.

The Asia Pacific market is anticipated to exceed USD 3 billion by 2032, driven by rising industrial growth and urbanization.

Major players in the industry include Eastman Solar, Growatt, Hitachi Hi-Rel Power Electronics, Kirloskar Solar, INVTSolar, LEONICS, SMA Solar Technology, and SUNGROW.