PUNE, India, November 25, 2016 /PRNewswire/ -- The report "String Inverter Marketby Phase (Single and Three), System Type (On-Grid and Off-Grid), Power Rating (Up to 10kw, 11kw-40kw, 41kw-80kw, and Above 80kw), End-User (Residential, Commercial & Industrial, and Utilities), and Region - Global Forecast to 2021" Published by MarketsandMarkets, The String Inverter Market is expected to grow from an estimated USD 2.61 Billion in 2016 to USD 3.89 Billion by 2021, registering a CAGR of 8.29% from 2016 to 2021. The global market is witnessing significant growth due to decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 66 market data tables and 41 figures spread through 151 pages and in-depth TOC on"String Inverter Market- Global Forecast to 2021"http://www.marketsandmarkets.com/Market-Reports/string-inverter-market-128088243.htmlEarly buyers will receive 10% customization on this report.On-grid segment is expected to hold the largest share of theString Inverter Market, by system type, during the forecast period The on-grid segment led the overall String Inverter Market in 2015. On-grid systems are applied mostly in small-to-medium scale commercial & industrial, and large utility-scale solar applications. This is driving the market of three-phase string inverters, which are being commercialized at a huge scale in Asia-Pacific and Europe. Make an Enquiry:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=128088243Utilities are expected to hold the largest market share of theString Inverter Market, by end-users, during the forecast period The utilities segment is expected to hold the largest share the String Inverter Market during the forecast period. Utility-scale large projects are improving given regulations for renewable integration, while accelerating the growth of the String Inverter Market for the utility segment. On islands, string inverter in utility-based solar systems, integrated with energy storage systems, is expected to grab areas with high level of penetration of renewable energy.