Lucintel's latest market report analyzed that solar inverter provides attractive opportunities in the residential, commercial and utility applications. The solar inverter market is expected to reach $17.5 billion by 2028 with a CAGR of 8.1%. In this market, residential is the largest segment by application.

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Based on application, the solar inverter market is segmented into residential, commercial and utilities. The residential segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing adoption of residential solar systems, driven by government incentives, net metering policies, and the desire for energy independence.

Browse in-depth TOC on “Solar Inverter Market”

100 – Figures/Tables

112 – Pages

The Solar Inverter Market is marked by the presence of several big and small players. Some of the prominent players offering solar inverter include Sungrow, Huawei, SMA Solar Technology, SolarEdge, Growatt, Fimer, Power Electronics, and Sineng Electric.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.