MARKET OVERVIEW
inverters are vital components in solar power systems, used to convert the DC (Direct Current) electricity generated by solar panels into AC (Alternating Current) electricity, which can be used by households and businesses. String
inverters offer a cost-effective and reliable solution for solar installations.
MARKET SIZE & GROWTH
• The global String Inverters Market was valued at $7,671 million in 2024.
• It is projected to reach $15,090 million by 2031.
• The market is expected to grow at a CAGR of 10.4% during the forecast period.
