Solar Inverter Market- Industry Analysis and forecast 2019 – 2027

The solar inverter is used to convert direct current into alternative current in solar panels, which can be used in different applications. With the increasing occurrence of unconventional energy sources & growing number of technological innovations, the solar power industry is gaining important place in the commercial & residential scale. The reason for a preference for solar over other technologies has been, among other reasons, its abrupt cost reduction curve, which is continuing to decrease. Generation costs for solar power are significantly lower than nuclear & coal plants. The lowest solar power price bid in 2019 was recorded at 1.38 INR per kWh in India.

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