Digital Inverter Market Top Scenario, SWOT Analysis, Business Overview, Forecast 2027

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Utilities end user segment to reflect high market attractiveness in the coming years

According to Future Market Insights, the global market for digital inverters is expected to display stellar growth during the period of forecast. The global digital inverter market has been witnessing consistent growth since 2012. According to this research, the global market for digital inverters is expected to grow at a high CAGR of 7.1% throughout the 2017-2027 timeline.

The global market, in 2017 is valued at US$ 5.5 Bn and is estimated to reach around US$ 11 Bn by the end of 2027. The high growth is due to development of new battery technologies for additional power storage, increasing demand from industrial and commercial sectors in the coming years and increasing technological development in energy utilization.

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Regional outlook on digital inverter end user segments

Digital inverter market is soaring across the globe through regional geographies such as North America, Asia Pacific excluding Japan (APEJ), Western Europe etc. In North America, the utilities end user segment reflected higher revenue share and is expected to grow at a 7.2% CAGR during the forecast period. The commercial end user segment in Western Europe is estimated at around US$ 340 Mn by end of 2027. The utilities segment dominates the Western Europe digital inverter market in terms of market value and growth rate.

Detailed Market Segmentation

By End User

  • Utilities
  • Commercial
  • Residential

By Power Source

  • Battery Inverter
  • Solar Inverter

By Product Type

  • Central Inverter
  • String Inverter
  • Micro Inverter

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)

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