DC/AC Inverter Market Projected to Grow At A CAGR of ~6% By 2030
Research Nester published a report titled “DC/AC Inverter Market: Global
Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview
of the global DC/AC inverter market in terms of market segmentation by
module type, installation, output power rating, sales channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry
growth indicators, restraints, supply and demand risk, along with detailed
discussion on current and future market trends that are associated with the
growth of the market.
The global DC/AC inverter market is estimated to occupy a sizeable revenue
by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030,
owing to the growing adoption of renewables for energy generation, and
rapid growth of urbanization across the globe. Apart from these, growing
dependability of people on electronic gadgets and appliances is also expected
to drive market growth in the upcoming years.
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The market is segmented by module type, installation, output power rating
and sales channel. Based on output power rating, the below 10 kW segment
is anticipated to grab the largest market share during the forecast period on
the back of rise in installation of residential solar PV systems on rooftops.
Additionally, by sales channel, the indirect segment is projected to gather the
largest share over the forecast period in view of the presence of well-
established sales networks of major players in the market.
Geographically, the global DC/AC inverter market is segmented into five
major regions, namely North America, Europe, Latin America, Asia Pacific,
and the Middle East & Africa. Asia Pacific is evaluated to grab the largest
share and witness noteworthy growth in the market during the forecast
period attributing to the increasing demand for electricity in developing