| Product Code: ETC4522114 | Publication Date: Jul 2023 | Updated Date: Jan 2026 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Cambodia string inverter market experienced a negative Compound Annual Growth Rate (CAGR) of -7.25% from 2020 to 2024. However, in 2023-2024, there was a significant year-on-year growth rate of 98.58%, indicating a notable increase in imports during that period.

The growing adoption of solar energy systems, Cambodia string inverter market is expanding. String inverters convert direct current (DC) from solar panels into alternating current (AC) for use in residential, commercial, and utility-scale solar power installations.
The string inverter market in Cambodia is experiencing growth propelled by the country`s expanding solar energy market, increasing demand for renewable energy solutions, and government incentives for solar power development. String inverters, used in photovoltaic (PV) solar power systems to convert DC electricity generated by solar panels into AC electricity for grid or off-grid applications, offer advantages such as scalability, cost-effectiveness, and compatibility with a wide range of PV modules. With the declining cost of solar PV technology and the need to reduce dependency on fossil fuels and mitigate climate change, there is a rising adoption of string inverters in Cambodia for residential, commercial, and utility-scale solar projects, driving market growth in the country.
Navigating the Cambodia string inverter market presents challenges related to solar energy adoption and technology readiness. String inverters play a crucial role in solar photovoltaic systems, but their adoption may be hindered by factors such as upfront costs and grid infrastructure limitations in Cambodia. Moreover, ensuring compatibility with varying solar panel configurations and addressing reliability concerns pose challenges for suppliers and installers. Addressing these challenges demands investments in solar energy infrastructure, regulatory support, and public awareness campaigns to promote the adoption of string inverters and advance solar energy deployment in Cambodia.
Recognizing the importance of renewable energy sources such as solar power, the Cambodian government has implemented policies to support the string inverter market. These policies include incentives for solar energy projects, regulations for grid integration and safety standards, and support for technology transfer and training in solar power systems.
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 Cambodia String Inverter Market Overview |
3.1 Cambodia Country Macro Economic Indicators |
3.2 Cambodia String Inverter Market Revenues & Volume, 2021 & 2031F |
3.3 Cambodia String Inverter Market - Industry Life Cycle |
3.4 Cambodia String Inverter Market - Porter's Five Forces |
3.5 Cambodia String Inverter Market Revenues & Volume Share, By Phase, 2021 & 2031F |
3.6 Cambodia String Inverter Market Revenues & Volume Share, By System Type, 2021 & 2031F |
3.7 Cambodia String Inverter Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
4 Cambodia String Inverter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of solar energy in Cambodia |
4.2.2 Government policies and incentives promoting renewable energy |
4.2.3 Growth in construction and infrastructure development projects in the country |
4.3 Market Restraints |
4.3.1 Lack of awareness and understanding of string inverters among consumers |
4.3.2 High initial investment costs for installing string inverters |
4.3.3 Limited availability of skilled professionals for installation and maintenance of string inverters |
5 Cambodia String Inverter Market Trends |
6 Cambodia String Inverter Market, By Types |
6.1 Cambodia String Inverter Market, By Phase |
6.1.1 Overview and Analysis |
6.1.2 Cambodia String Inverter Market Revenues & Volume, By Phase, 2021-2031F |
6.1.3 Cambodia String Inverter Market Revenues & Volume, By Single , 2021-2031F |
6.1.4 Cambodia String Inverter Market Revenues & Volume, By Three, 2021-2031F |
6.2 Cambodia String Inverter Market, By System Type |
6.2.1 Overview and Analysis |
6.2.2 Cambodia String Inverter Market Revenues & Volume, By On-Grid , 2021-2031F |
6.2.3 Cambodia String Inverter Market Revenues & Volume, By Off-Grid, 2021-2031F |
6.3 Cambodia String Inverter Market, By Power Rating |
6.3.1 Overview and Analysis |
6.3.2 Cambodia String Inverter Market Revenues & Volume, By Up to 10kw, 2021-2031F |
6.3.3 Cambodia String Inverter Market Revenues & Volume, By 11kw??40kw, 2021-2031F |
6.3.4 Cambodia String Inverter Market Revenues & Volume, By 41kw??80kw, 2021-2031F |
6.3.5 Cambodia String Inverter Market Revenues & Volume, By Above 80kw, 2021-2031F |
7 Cambodia String Inverter Market Import-Export Trade Statistics |
7.1 Cambodia String Inverter Market Export to Major Countries |
7.2 Cambodia String Inverter Market Imports from Major Countries |
8 Cambodia String Inverter Market Key Performance Indicators |
8.1 Average installation time for string inverters |
8.2 Number of new solar energy projects using string inverters |
8.3 Rate of return on investment for string inverter installations |
9 Cambodia String Inverter Market - Opportunity Assessment |
9.1 Cambodia String Inverter Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.2 Cambodia String Inverter Market Opportunity Assessment, By System Type, 2021 & 2031F |
9.3 Cambodia String Inverter Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
10 Cambodia String Inverter Market - Competitive Landscape |
10.1 Cambodia String Inverter Market Revenue Share, By Companies, 2024 |
10.2 Cambodia String Inverter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here