Newark, Feb. 26, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the global string inverter market will grow from USD 3.84 Billion in 2023 to USD 6.46 Billion by 2033. The conversion of DC power into AC power is enabled by a string inverter, which is an essential component of solar systems. In small utility projects that are less than 1 MW, there has been an increase in the preference for it over central inverters (another type). The past five years have witnessed its popularity soar even more within commercial and industrial sectors and utilities. Depending on system size, one or multiple string inverters can be found within a solar system; their function is converting DC power from panels to AC in residential applications while also monitoring voltage levels and enabling communication with the grid besides emergency shutdown capabilities. Although mainly utilized commercially and industrially nowadays, they’re increasingly used worldwide across smaller-scale yet comprehensive endeavours like residential ones and small-scale regeneration protocols.
• Delta Energy Systems GmbH
• ABB Ltd.
• Sungrow Power Supply Co Ltd.
• Huawei Technologies Co. Ltd.
• Chint Power Systems Co. Ltd.
• Ningbo Ginlong Technologies Co Ltd
• Fronius International GmbH
• SMA Solar Technology AG
• Eaton Corporation Plc.
• Off-grid• Three Phase• Commercial & Industrial
• Utilities• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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(GlobeNewsWire)