According to our latest market study, titled “Solar Inverters Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, System Type, and End User,” the market is projected to reach US$ 16,327.06 million by 2028 from US$ 9,806.67 million in 2022. It is expected to grow at a CAGR of 8.9% from 2022 to 2028.

Solar Inverters Market study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

ABB Ltd; Delta Electronics, Inc.; Enertechups; GOODWE; Power Electronics S.L.; Powerone Micro Systems Pvt.Ltd; Sineng Electric; SMA Solar Technology AG; Solaredge Technologies Inc.; and Hitachi Hi-Rel Power Electronics Pvt Ltd. are a few essential market players operating in the global solar inverters market. Several other market players have also been analyzed to understand the solar inverters market.

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Investment in solar energy has improved significantly along with economic growth. However, there are significant country-by-country variations. According to the International Energy Agency (IEA), global energy demand increased by 4.6% in 2021, offsetting the 4% contraction in 2020. The anticipated investment growth in 2021 was a mixture of a cyclical response to economic recovery and a structural shift in capital flows toward cleaner technologies.

The Renewables energy sector dominates investment in new power generation. In 2021, it was estimated to account for 70% of the total of US$ 530 billion spent on all new generation capacity. Investment in the renewable energy sector has increased due to well-established supply chains and the presence of lenders and financiers who understand that these sectors are seeking sustainable projects.

The report segments the global Solar Inverters Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways.

Further, investment in the renewable energy sector in India surged more than 125% year-on-year (Y-o-Y) to touch a record US$ 14.5 billion in the financial year 2021-22 (FY22), a report released by the Institute for Energy Economics and Financial Analysis (IEEFA) in June 2022. Conglomerates such as Reliance Industries (RIL) and the Adani group have ambitious plans to ramp up their renewable energy capacity.

The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Solar Inverters in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the Solar Inverters, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

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