Author: imarcgroup

The global power inverter market has witnessed a healthy growth in the past years as a result of a rise in urbanization in the developing nations. Electrification rates and technological innovations are also boosting the market growth further. The latest report by IMARC Group titled, “Power Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global power inverter market reached a value of US$ 60 Billion in 2016, growing at a CAGR of nearly 7% during 2009-2016. A reliable and economic alternate source of electricity, power inverter changes direct current (DC) from a battery, solar panel…

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