Future Scope of String Inverter Market | Estimated to Grow CAGR Rapidly | Foreseen till 2027

Future Scope of String Inverter Market | Estimated to Grow CAGR Rapidly | Foreseen till 2027 The report covers a forecast and an analysis of the String Inverter Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2027 based on revenue and volume.

Pune, India, June 2021 /ProgMark Press Release/- Market Prognosis announces the publication of its research report: String Inverter - Global Market Outlook 2019-2027 According to the Market Prognosis research study, the Global String Inverter Market is accounted for $3.36 Billion in 2019 and is expected to reach $7.35 Billion by 2027 growing at a CAGR of 10.3% during the forecast period.

A string inverter is a device used with solar arrays to convert the DC energy that is generated to usable AC electricity for a home. They are connected to multiple solar panels forcing the performance to be equal to the worst performing panel.

Major key factors driving the growth of the Global String Inverter Market are refurbishment of the existing grid network, growing energy demand, and investments in rural electrification. However, the availability of auxiliary technologies is the restraining factor for the growth of the market.

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International Business News:

Huawei Technologies (May 17, 2021) - AirPON Enables Extensive Broadband Coverage for Building New Digital Rural Areas - Huawei's gigabit optical network solution won the "Leading Commercial Use of All-Optical Networks" award. The AirPON solution realized extensive broadband coverage, true gigabit at home, premium private line 2.0, and all-optical base for smart cities. It provides premium service experience in broadband and private lines for thousands of households and industries.

According to government policies of China, digitization has become one of the important breakthroughs in promoting rural development. However, when constructing network infrastructure such as gigabit optical networks in rural areas, operators face great challenges. In the traditional mode, centralized OLTs need to be deployed in aggregation equipment rooms, and a long-distance (5–10 km) ODN networks need to be constructed to cover home broadband users. In addition, the network construction period is as long as half a year, operators need to make large-scale investments at the initial stage, and the network construction cost is high.

Huawei has launched the AirPON E2E solution. By deploying outdoor integrated site OLTs and combining uneven splitters and the full-process pre-connected digital QuickODN solution; this solution helps operators achieve fast gigabit optical broadband coverage on demand in rural areas.

This solution provides the following benefits: Zero site acquisition by reusing mobile site resources and backhaul networks – In the traditional large CO mode, site preparation requires 10 persons and 6 months. Huawei provides the industry's first outdoor pole-mounted Blade OLT and M50 mini outdoor cabinet + Mini/Pizza OLT, which can share sites with wireless base stations. In this way, site resources, power supplies, and backhaul networks can be reused to realize quick deployment by two persons in one day.

Zero fiber splicing and digital QuickODN E2E pre-connection – Traditional ODN installation requires 10 steps of serial construction, in which fiber splicing can be very difficult and requires professional tools. Huawei's digital QuickODN solution uses the fullprocess pre-connection technology between OLT sites and users, achieving zero fiber splicing. FATs can be installed in only three parallel steps, reducing the installation time from 90 minutes in traditional mode to 20 minutes.

The ODN digital capabilities are comprehensively upgraded. The industry's first optical iris technology is used to implement automatic ODN topology restoration, ensure 100% resource accuracy, conduct remote automatic acceptance, and locate faults in minutes, greatly improving FTTH network O&M efficiency.

Zero configuration, OLT/ONT plug-and-play – Zero-touch deployment (ZTD) of OLTs eliminates the need for onsite software commissioning and reduces labor costs by 60%. ONTs support zero-touch provisioning (ZTP) and are plug-and-play. ONTs do not depend on the resource management system (RMS) and support cloud-based authentication,

eliminating the need for home visits. FTTH services such as OLT upstream service provisioning and user-side Internet access service test can be finished in one day.

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Global Key Players: Some of the key players in String Inverter Market include Schneider Electric Solar, ABB, Delta Energy System, Huawei Technologies, Fronius International, Solarmax Group, Chint Power Systems, SMA Solar Technology AG, HyECO Power Tech, SolarEdge Technologies, Sungrow Power Supply, Samil Power, KACO New Energy, Growatt New Energy Technology, Shenzhen SORO Electronics. New product launches and continuous technological innovations are the String Inverter Market strategies adopted by the major players.

This study provides answers to the below key questions: 1 What will the market size be in 2027 and what will the growth rate be?

2 What are the key market trends?

3 What is driving the String Inverter market?

4 What are the challenges to market growth?

5 Who are the key players in the String Inverter market?

Table of Contents: 1 Executive Summary 2 Prefaces 3 String Inverter Market Trend Analysis 4 Porters Five Force Analysis 5 Global String Inverter Market, By Mode of Delivery 6 Global String Inverter Market, By Product Type 7 Global String Inverter Market, By Application 8 Global String Inverter Market, By End User 9 Global String Inverter Market, By Geography 10 Key Developments 11 Company Profiling Contact us:

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