Inverter Market Size To Reach Around USD 98.21 Bn By 2034
In North America, the US and Canada are the major markets for inverters. By Product, the central inverter segment generated more than 49% of the revenue share in 2023.
The global Inverter market is driven by increasing investments in the renewable energy sector. Which is the fastest-growing region during the forecasted period in the Inverter market? The Asia Pacific region is the fastest-growing market for inverters, emerging as a notably expanding market.
The market for inverters in North America is growing, owing to the deployment of renewable energy systems and government support for the development of renewable infrastructure. In North America, the US and Canada are the largest markets for Inverters.
We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements The global inverter market size was valued at USD 16.3 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 16.0% from 2023 to 2028.
As a result, it is anticipated that throughout the projection period, demand for the Inverter Market will increase investments in the renewable energy sector and the growing automotive sector, driving the Inverter Market revenue.
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