Solar Inverter Market Report 2025: Key Players include Schneider Electric, SolarEdge, and Huawei - Global Forecast to 2030 [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Yahoo! Finance
The global solar inverter market was valued at US$12.81 billion in 2023 and is forecasted to reach US$24.40 billion by 2029, with a CAGR of 11.34% from 2024-2029. Solar inverters are crucial for residential and utility applications, with growing interest in commercial and industrial projects. Market expansion is driven by renewable energy development, infrastructure growth, supportive government policies, and increased energy efficiency awareness. Asia Pacific leads market growth, while energy storage integration boosts North American demand. Key players in the market include Schneider Electric, SolarEdge, and Huawei. Challenges include high costs and safety risks, yet innovation and smart inverter trends support future growth.
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