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Global Photovoltaic (PV) Inverter Market to Reach US$12.804 Billion by 2024

March 22, 2019 · WoREA · World of Renewables
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The "Photovoltaic (PV) Inverter Market - Forecasts from 2019 to 2024" report has been added to ResearchAndMarkets.com's offering. The photovoltaic (PV) inverter market is projected to grow at a CAGR of 10.45% to reach US$12.804 billion by 2024, from US$7.052 billion in 2018. Growing focus towards environmental sustainability and clean energy is significantly driving the demand for PV inverters worldwide. Favorable government policies and initiatives to promote renewable energy is also boosting the growth of PV inverter market. Declining cost of components has also escalated the solar PV installations,…