Solar Inverter Market is likely to grow at a healthy 15.45% CAGR | Market Research Future (MRFR)
Key players Profiled are SMA Solar Technology AG (Germany), Canadian Solar Inc. (Canada), ABB Ltd (Switzerland), SunPower Corporation (US), Delta Electronics, Inc. (Taiwan), SolarEdge Technologies Inc. (Israel), Sineng Electric Co., Ltd. (China), Power Electronics (Spain), Solectria Renewables, LLC (US), and Hitachi Hi-Rel Power Electronics Pvt. Ltd (India), among others.
February 10, 2021 09:37 ET
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Market Research Future
Market Research Future
Pune, Feb. 10, 2021 (GLOBE NEWSWIRE) -- The Market is to Witness Substantial Demand
Solar Inverters enjoy tremendous popularity and uptake worldwide due to their ability to rapidly convert DC power input into AC while staying connected to the on-grid system. Besides, the growing numbers of solar power plants connected with the grid through an on-grid solar inverter push the growth of the market. Growing off-grid solar panel installations for commercial, industrial, and residential uses drive the solar inverter market growth, creating substantial demand for reliable and safe power source converters.