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The Global Photovoltaic Inverter Market is expected to grow by $ 1.48 bn during 2021-2025 progressing at a CAGR of 3% during the forecast period

ReportLinker
·2-min read

Global Photovoltaic Inverter Market 2021-2025 The analyst has been monitoring the photovoltaic inverter market and it is poised to grow by $ 1. 48 bn during 2021-2025 progressing at a CAGR of 3% during the forecast period.

New York, Feb. 15, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Photovoltaic Inverter Market 2021-2025" - https://www.reportlinker.com/p05377722/?utm_source=GNW
Our report on photovoltaic inverter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the decline in LOCE of solar power generation and cost of solar inverters, rise in solar PV installations and government regulations supporting solar power generation. In addition, decline in LOCE of solar power generation and cost of solar inverters is anticipated to boost the growth of the market as well.
The photovoltaic inverter market analysis includes technology segment and geographical landscapes.

The photovoltaic inverter market is segmented as below:
By Technology
• String inverters
• Central inverters
• Micro-inverters

By Geographical Landscapes
• APAC
• Europe
• North America
• MEA
• South America

This study identifies the growing demand for polycrystalline solar panels as one of the prime reasons driving the photovoltaic inverter market growth during the next few years. Also, increased adoption of microgrids and rise in adoption of hybrid power systems in telecom towers will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on photovoltaic inverter market covers the following areas:
• Photovoltaic inverter market sizing
• Photovoltaic inverter market forecast
• Photovoltaic inverter market industry analysis


Read the full report: https://www.reportlinker.com/p05377722/?utm_source=GNW

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