The Solar Inverter Global Market Report 2023, provides comprehensive information on the solar inverter market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Solar Inverter Market’s Growth:
https://www.thebusinessresearchcompany.com/report/solar-inverter-global-market-report
As per The Business Research Company’s Solar Inverter Global Market Report 2023, the global solar inverter market size grew from $13.9 billion in 2022 to $16.09 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The solar inverter market size is expected to grow to $32.07 billion in 2027 at a CAGR of 18.8%.
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The solar inverter market is segmented:
1) By Type: Central Inverter, Micro Inverter, String Inverter
2) By System-Type: On-Grid, Off-Grid
3) By End-Use: Residential, Comercial, Utilities
Asia-Pacific was the largest region in the solar inverter market in 2022.
The table of contents in TBRC’s solar inverter market report includes:
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