PV INVERTER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
PV Inverter Market, By Product (String PV inverter, Central PV inverter, Micro PV inverter, Other PV inverter), By End-use (Commercial & Industrial, Utilities, Residential), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
North America: North America holds the second largest market share in the PV Inverter Market, off 35% high demand for PV Inverter Market in the Growing demand for renewable energy and Advancements in technology the presence of major market players in the region.
Asia Pacific: The Asia Pacific region dominated the market with the largest market share of 44% in 2023. China is the largest contributor to the rapid growth of this region’s solar market and is also a major global competitor. A growing number of solar installations in developing nations has also significantly contributed to growth of market in the region.
Europe: The PV Inverter Market in Europe holds 10% share in the market and the presence of major players in the region.
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa