| Product Code: ETC5759957 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Burkina Faso continued to see a high concentration of string inverter imports, with top supplier countries including China, USA, Italy, Ghana, and France. Despite a significant decline in growth rate from 2023 to 2024 at -45.43%, the compound annual growth rate (CAGR) over the period of 2020-2024 remained robust at 32.66%. This indicates a strong demand for string inverters in Burkina Faso, with key players maintaining their dominance in the market.

The string inverter market in Burkina Faso is witnessing growth due to the increasing adoption of solar energy. String inverters, which are essential components in solar power systems, are in demand as the country seeks to diversify its energy sources and reduce dependence on traditional fossil fuels. The market is driven by government incentives for renewable energy projects and the rising awareness of the benefits of solar power.
The increasing adoption of solar energy in Burkina Faso is a major driver for the string inverter market. As the government and private sector invest in renewable energy projects, the demand for efficient and cost-effective solar inverters is rising. Additionally, the focus on reducing carbon emissions and promoting sustainable energy solutions is boosting the market.
In the Burkina Faso string inverter market, challenges include the limited adoption of solar energy systems due to high initial costs and the lack of technical knowledge required for the installation and maintenance of these inverters.
Government policies promoting renewable energy are directly influencing the string inverter market in Burkina Faso. Incentives for solar power adoption and related technologies are critical to market growth.
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 Burkina Faso String Inverter Market Overview |
3.1 Burkina Faso Country Macro Economic Indicators |
3.2 Burkina Faso String Inverter Market Revenues & Volume, 2021 & 2031F |
3.3 Burkina Faso String Inverter Market - Industry Life Cycle |
3.4 Burkina Faso String Inverter Market - Porter's Five Forces |
3.5 Burkina Faso String Inverter Market Revenues & Volume Share, By Phase, 2021 & 2031F |
3.6 Burkina Faso String Inverter Market Revenues & Volume Share, By System Type, 2021 & 2031F |
3.7 Burkina Faso String Inverter Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
4 Burkina Faso String Inverter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and incentives for renewable energy projects in Burkina Faso |
4.2.2 Growing awareness and adoption of solar power solutions in the country |
4.2.3 Rise in off-grid electrification projects and rural electrification programs |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with string inverters |
4.3.2 Limited access to financing options for solar energy projects |
4.3.3 Lack of skilled workforce for installation and maintenance of string inverters |
5 Burkina Faso String Inverter Market Trends |
6 Burkina Faso String Inverter Market Segmentations |
6.1 Burkina Faso String Inverter Market, By Phase |
6.1.1 Overview and Analysis |
6.1.2 Burkina Faso String Inverter Market Revenues & Volume, By Single , 2021-2031F |
6.1.3 Burkina Faso String Inverter Market Revenues & Volume, By Three, 2021-2031F |
6.2 Burkina Faso String Inverter Market, By System Type |
6.2.1 Overview and Analysis |
6.2.2 Burkina Faso String Inverter Market Revenues & Volume, By On-Grid , 2021-2031F |
6.2.3 Burkina Faso String Inverter Market Revenues & Volume, By Off-Grid, 2021-2031F |
6.3 Burkina Faso String Inverter Market, By Power Rating |
6.3.1 Overview and Analysis |
6.3.2 Burkina Faso String Inverter Market Revenues & Volume, By Up to 10kw, 2021-2031F |
6.3.3 Burkina Faso String Inverter Market Revenues & Volume, By 11kw? ??40kw, 2021-2031F |
6.3.4 Burkina Faso String Inverter Market Revenues & Volume, By 41kw? ??80kw, 2021-2031F |
6.3.5 Burkina Faso String Inverter Market Revenues & Volume, By Above 80kw, 2021-2031F |
7 Burkina Faso String Inverter Market Import-Export Trade Statistics |
7.1 Burkina Faso String Inverter Market Export to Major Countries |
7.2 Burkina Faso String Inverter Market Imports from Major Countries |
8 Burkina Faso String Inverter Market Key Performance Indicators |
8.1 Average system efficiency of string inverters deployed in Burkina Faso |
8.2 Number of new solar power installations using string inverters |
8.3 Growth in the number of local partnerships for distribution and maintenance of string inverters |
9 Burkina Faso String Inverter Market - Opportunity Assessment |
9.1 Burkina Faso String Inverter Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.2 Burkina Faso String Inverter Market Opportunity Assessment, By System Type, 2021 & 2031F |
9.3 Burkina Faso String Inverter Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
10 Burkina Faso String Inverter Market - Competitive Landscape |
10.1 Burkina Faso String Inverter Market Revenue Share, By Companies, 2024 |
10.2 Burkina Faso String Inverter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |