| Product Code: ETC4522109 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Indonesia`s import trend for string inverters in the Indonesia market showed a growth rate of 6.07% from 2023 to 2024, with a notable compound annual growth rate (CAGR) of 35.0% from 2020 to 2024. This upward momentum can be attributed to the increasing demand for renewable energy solutions and the government`s push towards sustainable energy sources, driving market stability and expansion.
String inverters form a critical component in solar power systems, converting direct current (DC) generated by solar panels into alternating current (AC) suitable for consumption. The Indonesian string inverter market has witnessed significant growth in tandem with the rapid expansion of the solar energy sector. Technological advancements, coupled with cost-effective solutions, have made string inverters a preferred choice for solar installations. This market is poised for further expansion as solar energy continues to play a pivotal role in the country`s renewable energy portfolio.
The growth in the string inverter market in Indonesia is attributed to the increasing deployment of solar energy systems. String inverters play a vital role in converting solar energy into usable electricity. Government incentives, such as feed-in tariffs and net metering, are encouraging solar energy adoption, thus driving the demand for string inverters.
One of the key challenges in the string inverter market is the need for continuous advancements in technology to improve efficiency and reliability. Additionally, ensuring compatibility with different solar panel technologies and grid conditions poses a significant challenge.
String inverter installations faced delays due to the pandemic, as projects were postponed and labor shortages occurred. The market adapted by focusing on remote monitoring and maintenance solutions. The long-term impact may include a greater emphasis on digitalization and remote management of string inverters.
The string inverter market in Indonesia is expanding in line with the increasing deployment of solar power. Companies such as PT. Solar Power Indonesia and PT. Schneider Electric Indonesia provide string inverters that play a vital role in converting solar energy into usable electricity, making them a crucial component in solar power installations.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia String Inverter Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia String Inverter Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia String Inverter Market - Industry Life Cycle |
3.4 Indonesia String Inverter Market - Porter's Five Forces |
3.5 Indonesia String Inverter Market Revenues & Volume Share, By Phase, 2021 & 2031F |
3.6 Indonesia String Inverter Market Revenues & Volume Share, By System Type, 2021 & 2031F |
3.7 Indonesia String Inverter Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
4 Indonesia String Inverter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government support and incentives for renewable energy projects in Indonesia |
4.2.2 Growing adoption of solar energy systems in residential, commercial, and industrial sectors |
4.2.3 Increasing focus on sustainability and environmental concerns driving demand for clean energy solutions |
4.2.4 Technological advancements in string inverter technology improving efficiency and reliability |
4.3 Market Restraints |
4.3.1 High initial costs associated with string inverters compared to traditional energy sources |
4.3.2 Lack of awareness and education about the benefits of string inverters among end-users |
4.3.3 Limited grid infrastructure and interconnection challenges hindering widespread adoption of solar energy systems |
4.3.4 Regulatory uncertainties and policy changes impacting the renewable energy market in Indonesia |
5 Indonesia String Inverter Market Trends |
6 Indonesia String Inverter Market, By Types |
6.1 Indonesia String Inverter Market, By Phase |
6.1.1 Overview and Analysis |
6.1.2 Indonesia String Inverter Market Revenues & Volume, By Phase, 2021-2031F |
6.1.3 Indonesia String Inverter Market Revenues & Volume, By Single , 2021-2031F |
6.1.4 Indonesia String Inverter Market Revenues & Volume, By Three, 2021-2031F |
6.2 Indonesia String Inverter Market, By System Type |
6.2.1 Overview and Analysis |
6.2.2 Indonesia String Inverter Market Revenues & Volume, By On-Grid , 2021-2031F |
6.2.3 Indonesia String Inverter Market Revenues & Volume, By Off-Grid, 2021-2031F |
6.3 Indonesia String Inverter Market, By Power Rating |
6.3.1 Overview and Analysis |
6.3.2 Indonesia String Inverter Market Revenues & Volume, By Up to 10kw, 2021-2031F |
6.3.3 Indonesia String Inverter Market Revenues & Volume, By 11kw??40kw, 2021-2031F |
6.3.4 Indonesia String Inverter Market Revenues & Volume, By 41kw??80kw, 2021-2031F |
6.3.5 Indonesia String Inverter Market Revenues & Volume, By Above 80kw, 2021-2031F |
7 Indonesia String Inverter Market Import-Export Trade Statistics |
7.1 Indonesia String Inverter Market Export to Major Countries |
7.2 Indonesia String Inverter Market Imports from Major Countries |
8 Indonesia String Inverter Market Key Performance Indicators |
8.1 Average installation time for string inverters in solar energy systems |
8.2 Percentage increase in the number of residential installations using string inverters |
8.3 Level of government subsidies or incentives for solar energy projects |
8.4 Research and development investment in improving string inverter technology |
8.5 Number of new partnerships or collaborations between string inverter manufacturers and local distributors |
9 Indonesia String Inverter Market - Opportunity Assessment |
9.1 Indonesia String Inverter Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.2 Indonesia String Inverter Market Opportunity Assessment, By System Type, 2021 & 2031F |
9.3 Indonesia String Inverter Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
10 Indonesia String Inverter Market - Competitive Landscape |
10.1 Indonesia String Inverter Market Revenue Share, By Companies, 2024 |
10.2 Indonesia String Inverter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |