Global Solar Inverter Market to See Impressive Growth through 2023, Says MRFR in Its In-Demand Report Recently Added at MarketPublishers.com30 Oct 2017 • by Natalie Aster
LONDON – Enhancing awareness towards the usage of renewable energy sources worldwide has encouraged the increasing adoption of solar photovoltaic (PV) installations. The expanding affordability of energy storage devices opens vast opportunities for the solar inventers market development. Besides, favourable regulations introduced by governments of different countries to promote the usage of renewable energy and reduce carbon emission also give a boost to the market growth. One more important market growth driver is the escalating demand for clean fuel.
Meantime, the solar inverter market also faces a number of challenges like high costs of these products and also high maintenance costs, to name a few.
The worldwide market for solar inverters is set to exhibit impressive growth at a 15.65% CAGR up till 2023.
As of 2016, APAC took lead in the world’s solar inverter market with a share of 49.6%. China grabbed the biggest share of the regional market and is also anticipated to grow at the swiftest pace (a 18.22% CAGR) over 2017-2023.
In-demand research report “Solar Inverter Market Research Report- Forecast till 2023” created by Market Research Future (MRFR) gives an all-round, profound analysis of the global solar inverter market covering its structure, landscape, dynamics and trends in detail. Besides, this report reviews the key growth influencing forces, delves into the main market segments and evaluates their shares and future growth prospects, investigates the actual scenario across the key regional markets and discloses relevant statistics. This publication also contains valuable data on the competitive environment and top companies, includes Porter’s Five Forces analysis and value chain analysis of the solar inverter industry. This report not only describes the current situation in the solar inverter market and touches upon its historical background, but also offers a comprehensive future outlook with detailed forecasts through 2023.
Visit MRFR online catalogue at MarketPublishers.com to find a full collection of the publisher’s research studies.