Solar Inverters Market to Witness Robust Expansion, Market Insights, Latest Analysis, Future Growth, Top Companies, SWOT Analysis, Forecast to 2028

Global Solar Inverters Market Analysis to 2028 is a specialized and in-depth study of the Solar Inverters industry with a special focus on the global market trend analysis. The Solar Inverters Market is expected to grow from US$ 9,806.67 million in 2022 to US$ 16,327.06 Million by 2028. It is estimated to grow at a CAGR of 8.9% during 2022-2028. With the worldwide governments working toward establishing solar power as a primary energy source, various schemes have been introduced for domestic use of solar power. Installing solar rooftop systems can help people generate electricity and use it for different purposes residential, commercial and even industrial. While this is a great option, there are few takers for rooftop solar panels due to their huge installation costs. To make it easier, Indian central and state governments have launched various schemes to encourage the implementation of rooftop solar panels. Solar Inverters Market research involves the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges.

New Report on "Solar Inverters Market" makes a brilliant attempt to unveil key opportunities available in the global Solar Inverters Industry to help players in achieving a strong market position.

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Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Solar Inverters Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Solar Inverters Market is analyzed and depicted in the report.

Top Listed Players in this Report are:
ABB Ltd
Delta Electronics, Inc.
Enertechups
GOODWE
Power Electronics S.L.
Powerone Micro Systems Pvt.Ltd
Sineng Electric
SMA Solar Technology AG
Solaredge Technologies Inc.
Hitachi Hi-Rel Power Electronics Pvt Ltd.

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Solar Inverters Market Insights:
Growing Residential Solar Rooftop Installations
The economic aspect is the biggest incentive for installing home rooftop solar panels. Solar energy has emerged as one of the most promising and widely accepted renewable energy sources. Residential solar solutions can provide free, uninterrupted electricity for the years while simultaneously contributing to a greener environment.
In the US, as per Solar Energy Industries Association in June 2022, the US installed 3.9 gigawatts (GW) of solar photovoltaic (PV) capacity in Q1 2022 to reach 126.1 GW of total installed capacity, enough to power 22 million American homes. Solar accounted for 50% of all new electricity-generating capacity added in the U.S. in Q1. Residential solar had its largest quarter in history with 1.2 GW installed, a 30% increase year-over-year. Further, the government of India has a target of 40 GW by 2022 for rooftop solar installations in the country, per the article published by Mercom India in August 2021. However, the cumulative installations as of March 31, 2021, are only about 5.4 GW.

Competitive Analysis:
In the competitive analysis section of the report, leading as well as prominent players of the global Solar Inverters market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2020-2028. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2022-2028

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