The global Solar Pv Inverters market was valued at USD 8.5 Billion in 2020 and is projected to reach USD 12.53 Billion by 2028, growing at a CAGR of 5.53%% from 2021 to 2028.
A solar inverter or PV inverter, is a type of electrical converter which converts the variable direct current (DC) output of a photovoltaic (PV) solar panel into a utility frequency alternating current (AC) that can be fed into a commercial electrical grid or used by a local, off-grid electrical network
The global Solar Pv Inverters market report provides a thorough analysis of each segment including Product, Application and for each region, and country. All the segments are studied considering historical and future trends across geographies. All the segments covers trends, market size, and forecasts, and the data is provided for the years 2016–2028.
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The report covers an exhaustive analysis of Solar Pv Inverters industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends, SWOT analysis, and value chain analysis along with technological landscape and regulatory framework specific to Solar Pv Inverters industry.
Increasing demand for renewable energy due to high power consumption to reduce carbon emission is driving the market growth.
Reduction in renewable power generation costs and subsidies adopted by the various government bodies is also primarily driving the market growth.
Regional Analysis: Preview
Based on geography, the global Solar Pv Inverters market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2016–2028. Asia Pacific dominates the global Solar Pv Inverters market and is expected to continue the same trend during upcoming years.
Global Solar Pv Inverters market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Major players in the global Solar Pv Inverters market are KACO, Advanced Energy, TMEIC, STECA, Eaton, Tabuchi, Emerson Electric, Sungrow, Siemens, Satcon, Omron, AROS Solar, Ingeteam, Fronius, Kostal, Mitsubishi Electric, Enphase, ABB, Schneider, SMA. The global Solar Pv Inverters market report covers an exhaustive analysis of all the key players in the industry.
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