PV Inverters Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
PV Inverters Market is segmented By Product (String PV Inverter, Central PV Inverter, Micro PV Inver...
PV Inverters Market Size
Market Size in USD Bn
CAGR18.34%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 18.34% |
| Market Concentration | High |
| Major Players | Delta Electronics, Inc., SMA Solar Technology AG, Eaton Corporation plc, Emerson Electric Co., Fimer Group and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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PV Inverters Market Analysis
The PV inverters market is estimated to be valued at USD 16.01 Bn in 2024 and is expected to reach USD 52.05 Bn by 2031, growing at a compound annual growth rate (CAGR) of 18.34% from 2024 to 2031. The PV inverters market is expected to expanding rapidly owing to the rising demand for renewable energy generation across both residential and non-residential sectors.