Solar Microinverter Market Assessment Covering Growth Factors and Upcoming Trends (2019-2025) Professional3 weeks ago - Services - Mumbai - 13 views
Global Solar Microinverter Market is anticipated to reach the market valuation of US$ 5,604.6 million by 2025 expanding at an astonishing CAGR of 28.4% in the course of the forecasted period (2019-2025) from US$ 977.5 million in 2018. Today, people are living in a world that is getting developed economically and socially, people's lifestyles have changed completely. With the evolving modern lifestyles, the urban population of the world has grown rapidly from 751 million in 1950 to 4.2 billion in 2018. Henceforth, it has significantly impacted the consumption patterns of the people across the globe. Extensive infrastructural development, real estate development, increasing preference for cost efficiency and energy efficiency, paired with falling prices of solar inverters has tremendously accelerated the demand for solar micro inverters across the globe. However, the high cost of installation and repairing has remained a huge challenge for the solar microinverter customer.
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