Microinverter Market Outlook 2034: Rising Demand for Smart Solar Solutions Fuels Growth
The global microinverter market is witnessing rapid growth, driven by the global shift toward renewable energy and technological innovations in solar power systems. Valued at US$ 7.4 billion in 2023, the market is projected to expand at a CAGR of 17.2% and reach US$ 45.3 billion by 2034, according to recent industry data. Microinverters, with their ability to convert direct current (DC) from...
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