Solar Inverters: - Scope and Research Methodology

The solar inverters market size is projected to reach US$ 21.87 billion by 2031 from US$ 10.65 billion in 2023. The market is expected to register a CAGR of 9.4% during 2023-2031. The growing need for clean energy solutions and the rise in government initiatives to install solar inverters are likely to remain key trends in the market.

PV) inverter, is a type of power inverter that sources energy from sunlight. It converts the variable photovoltaic DC current into the AC current that provides the energy to the commercial electrical grid or is used by a local, off-grid electrical network. The need for clean energy is growing worldwide to lessen the negative environmental effects. This factor fosters the demand for solar power, which further fuels the solar inverters market.

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Market leaders and key company profiles

FIMER SpA.
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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Contact Person: Ankit Mathur
Sr. Vice President - Research
Phone: +1-646-491-9876

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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