String Inverter Market to grow at a Steady Rate through 2026
Rise in demand for sustainable energy and rural electrification in emerging economies are expected to drive the demand for global string inverter market in forecast period. According to TechSci Research report, “Global String Inverter Market By Phase (Single and Three), By System Type (On-Grid and Off-Grid), By Power Rating (Up to 10kW, 11kW–40kW, 41kW–80kW, and Above 80kW), By End-User (Residential, Commercial & Industrial, and Utilities), By Company, By Region, Forecast & Opportunities, 2026” , is expected to witness robust growth in the next five years owing to rise in demand for reliable and continuous energy source and installation along with long scale utility projects. Stringent government policies for adoption of solar energy are another factor fueling the Global String Inverter Market growth. Tax benefits associated with Global String Inverter Market associated with adoption of solar energy and reduction in the component costs are the other factors con...