Tag Archives: Solar PV Inverter Market Report

IMARCGroup | ****** Solar PV Inverter Market: Opportunities and Challenges 2019-2024

According to the latest report by IMARC Group, titled “Solar PV Inverter Market Report: ****** Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the ****** solar PV inverter market size reached US$ 6.7 Billion in 2018. A solar inverter, also known as PV inverter, is a device which plays a significant role in a solar electric power system. It converts the variable direct current (DC) output of a solar panel into the utility frequency alternating current (AC) which can then be supplied to the power grids or houses for operating different appliances. Moreover, it assists in maximizing the overall electricity production by varying the load and ensuring complete compliance with stringent policies of feeding electricity into the grid.