Global PV Inverters Market was valued US$ 8.6 Bn in 2018 and is expected to reach US$ 12.1 Bn by 2026, at CAGR of 4.36% during forecast period.

Market Dynamics:

The increasing demand for renewable energy systems like PV inverters because of high power
consumption is driving the market of PV inverters. The global demand of solar inverters has
been growing robustly over the last few years. A key factor catalyzing this demand is the
increasing environmental concerns regarding greenhouse releases and the importance of solar
and other renewable energy sources to reduce these emissions.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Additionally, the rising cost of fossil fuels is also making solar power a more economical energy
source. However, use of substitute for instance hydropower energy system, because of the high
efficiency of electricity generation, restrain the market growth.




for more information visit https://www.maximizemarketresearch.com/market-report/global-pv-inverters-market/32121/

Market Segmentation:

Based on product, central PV inverter segment is expected to register a major revenue share in
the PV inverters market globally. These equipment are largely designed for large arrays of
panels installed on industrial facilities, buildings, and field installations. The product is usually

located in a protected environment and receives DC power from all solar panels into a
combiner box. It converts the received DC power to AC power and befits a single point for
distribution.

On the basis on end-use, utilities emerged as the dominant end-use segment, accounting for
over 38% of the global market valuation in 2018 owing to grid-connected photovoltaic systems
that operate in parallel with the conventional electricity utility-grid

This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address : Pune, Maharashtra 411051, India.
Contact: +919607195908