Global PV Inverters Market Size, Share | Industry Report 2026

The global PV inverters Market was valued at $7.56Billion in 2018 and is forecast to grow at a modest.4.1 % CAGR between 2018 and 2026, culminating in 2026 global sales of $9.20Billion.


PV (Photovoltaic) inverters is an electrical device which converts Direct current (DC) from solar panel to Alternative current (AC) of the required frequency (MHz/Hz), Which then supplied to the other electric device. This device is having Maximum power point tracking (MPPT) technique to extract the high amount of voltage from the solar panel. It can produce 240V Ac current which can be utilized in the home and domestic purpose. Nowadays the needs of the solar inverter have been increased due to renewable power generation. Most of the companies change their energy transition from conventional to renewable sources. By the help of PV inverter, we can produce more electricity and can store for further use. Solar power achieved many demands in the market, Because of no fuel cost, no fuel price volatility, and no pollution. It is also popular in the market due to its reliable, affordable and cleaner sources of electricity.

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Key findings from the study: -
• PV (Photovoltaic) inverters is an electrical device which converts Direct current (DC) from solar panel to Alternative current (AC) of the required frequency (MHz/Hz), Which then supplied to the other electric device. This device is having Maximum power point tracking (MPPT) technique to extract the high amount of voltage from the solar panel. It can produce 240V Ac current which can be utilized in the home and domestic purpose
• We have segmented the PV inverters based on Product categories as Central PV inverter, String PV inverter, Micro PV inverter, Other PV inverter.
• We have segmented the PV inverters market based on End-Use are Residential, Commercial & Industrial, Industrial, Utility.
• The key market participants includeSiemens AG, ABB, KACO Omron Corporation, Hitachi H-Rel Power Electronics Pvt. Ltd, SunPower Corporation, Eaton, Power-One, Tigo Energy, and Enphase Energy.

Ameri Research has segmented the Global PV Inverters Market by material categories, product type, end-use and region:

Market Segmentation
PV inverters Market by Key Categories (Revenue, Million, 2018 – 2026)
• Central PV inverter
• String PV inverter
• Micro PV inverter
• Other PV inverter

PV inverters Market by End-Use (Revenue, Million, 2018 – 2026)
• Residential
• Commercial & industrial
• Industrial
• Utility

PV inverters Market Regional Outlook (Revenue, USD Million, 2018- 2026)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• Australia
• Latin America
• Brazil
• Mexico
• Columbia
• Middle East and Africa
• South Africa
• Saudi Arabia

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