This report describes the global market size of PV Inverter Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 13.70% from 2023 to 2030.
A PV inverter, also known as a solar inverter or photovoltaic inverter, is a crucial component in a solar photovoltaic (PV) system. Its primary function is to convert the direct current (DC) electricity generated by solar panels into alternating current (AC) electricity suitable for use in homes, businesses, and the electric grid.
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Key players operating in the global PV Inverter market are: Fimer Group, SMA Solar Technology AG, Siemens Energy, Delta Electronics, Inc., SunPower Corporation, Omron Corporation, Eaton, Emerson Electric Co., Power Electronics S.L., Hitachi Hi-Rel Power Electronics Pvt. Ltd., others.
By Product
Central PV inverter
String PV inverter
Micro PV inverter
Other PV inverter
By End-Use
Residential
Residential & Industrial
Utilities
Investigator Observers Strong Growth in Specific Regions:
-Europe Market (Germany, UK, France, Russia, Italy)
-Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
-South America Market (Brazil, Argentina, Colombia)
-North America Market (United States, Canada, Mexico)
-Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
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