Solar Microinverter Market to be Valued USD 2934.86 Million in the Next Five Years
Upsurge in renewable energy investments to drive global solar microinverter market during the forecast period According to TechSci Research report, “ Global Solar Microinverter Market , By Type (Single Phase and Three Phase), By Connectivity (Integrated, Standalone), By Application (Residential, Commercial, PV Power Plant), By Sales Channel (Direct and Indirect), By Region, Competition, Forecast & Opportunities, 2025 ” , Global solar microinverter market was valued USD 1166.24 Million in 2019 and is projected to grow at double-digit CAGR of 24.32% to reach USD 2934.86 Million by 2025. Rapid increase in renewable energy investment and increased investment in R&D are driving the solar microinverter market through 2025. Micro inverters are known to generate more energy when compared to other solar inverters, therefore, they are witnessing increased adoption in the recent years. In addition, solar micro inverters offer several benefits over conventional inverter technolo...
