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Three Phase String Inverter Market Share
Eminent players are expanding their offerings by introducing versatile inverter solutions designed specifically for commercial and industrial (C&I) applications. By diversifying their portfolios, these players can cater to a wider customer base, from residential users to large enterprises. Companies are expanding into high-growth regions such as Asia Pacific and Latin America due to increasing demand for renewable energy. Additionally, leading players are focusing heavily on innovation to improve the performance, efficiency, and reliability of their three phase string inverters.
Three Phase String Inverter Market Companies
Eminent players operating in the three phase string inverter industry are:
- Canadian Solar
- Chint Power Systems
- Fimer
- Goldi Solar
- Huawei Technologies
- INVTSolar
- LEDVANCE
- NingBo Deye Inverter Technology
- SUNGROW
- UTL Solar
- Veichi Electric
How big is the three-phase string inverter market?
The global market for three-phase string inverter was reached USD 16.7 billion in 2024 and is projected to grow at a 10.5% CAGR from 2025 to 2034, driven by increasing demand for large-scale solar installations.
Why is the commercial and industrial segment growing in the three-phase string inverter market?
The commercial and industrial segment is expected to grow at a CAGR of over 10.5% through 2034, as businesses adopt renewable energy to meet sustainability goals and reduce carbon footprints.
What is the size of the U.S. three-phase string inverter market?
The U.S. three-phase string inverter market is forecasted to reach USD 5.2 billion by 2034, supported by government incentives like the Investment Tax Credit (ITC) and declining solar energy system costs.
Who are the major players in the three-phase string inverter market?
Key players include Canadian Solar, Chint Power Systems, Fimer, Goldi Solar, Huawei Technologies, INVTSolar, LEDVANCE, NingBo Deye Inverter Technology, SUNGROW, UTL Solar, and Veichi Electric.