Photovoltaic (PV) Inverter Market Notable Participants in the Photovoltaic Inverter Market Include SMA Solar Technology, Sungrow Power Supply Co., Ltd
Favorable regulatory initiatives to promote the use of renewable energy coupled with large scale fund flow toward renewable grid integration will enhance the global photovoltaic (PV) inverter market size. In 2017, over 70% of global photovoltaic industry has been driven by monetary incentives and over 10% through net metering worldwide. Rising stand-alone power demand favored by ongoing development of microgrid infrastructure will further stimulate the industry outlook.
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