Take up Global Solar Inverter Market Opportunities with Clear Industry Data – Includes Solar Inverter Share
The Business Research Company’s report goes into great detail on the solar inverter market size and growth, solar inverter market regional analysis, solar inverter market competitive landscape, and other critical information needed to excel in the solar inverter industry.
Major players in the solar inverter market include ABB, Sma Solar Technology AG, Canadian Solar, Solaredge Technologies Inc, Delta Electronics Inc., Solectria Renewables LLC, Omron Corporation, Hitachi Hi-rel Power Electronics Private Limited, Power Electronics S.L, Schneider Electric, Sunpower, Fimer S.p.A, Fronius International GmbH, Tabuchi Electric Co. Ltd, General Electric Company, and Enphase Energy Inc.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global solar inverter market size is expected to grow from $12.04 billion in 2021 to $13.38 billion in 2022 at a compound annual growth rate (CAGR) of 11.14%. The global solar inverters market size is expected to grow to $22.44 billion in 2026 at a CAGR of 13.80%.
Asia-Pacific was the largest region in the solar inverter market in 2021.
The solar inverter market consists of sales of solar inverters by entities (organizations, partnerships, and sole proprietors) that are significant parts of the solar power system. A solar inverter turns the energy produced by solar panels into usable electricity that can be used in a house or office. A solar inverter converts the variable direct current, or ‘DC’ power from your solar panels into alternating 120V/240V current, or ‘AC’ power.
Rapid development in the renewable energy sector is significantly driving the growth of the solar inverter market.
Technological advancement is a key trend gaining popularity in the solar inverter market. The key players in the solar inverter are focusing on developing new technological solutions to strengthen their position in the market.
Tbrc’s Global Solar Inverter Market Report Is Segmented:
By Type: Central Inverter, Micro Inverter, String Inverter
By System-Type: On-Grid, Off-Grid
By End-Use: Residential, Commercial, Utilities
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Solar Inverter Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the solar inverter market globally and regionally, analyzes and forecasts market size, share, solar inverter market players, solar inverter market segments, leading competitor revenues, profiles and market shares.
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