Photovoltaic Inverter Market to Grow by USD 1.48 billion during 2021-2025| 3.81% Year-Over-Year Growth in 2021|Technavio
NEW YORK, Feb. 25, 2021 /PRNewswire/ -- The photovoltaic inverter market is expected to grow by USD 1.48 billion during 2021-2025, decelerating at a CAGR of almost 3%.
- NEW YORK, Feb. 25, 2021 /PRNewswire/ -- The photovoltaic inverter market is expected to grow by USD 1.48 billion during 2021-2025, decelerating at a CAGR of almost 3%.
- Similarly, there is a large growth in the solar PV market owing to the increasing need for low-cost clean energy.
- Owing to the growth of the solar PV market, there will be considerable growth in the global photovoltaic inverter market.
- "The increasing environmental concerns and growing energy demand will further boost market growth during the forecast period", says a senior analyst at Technavio.