Market research Future Top Solar Inverter Market Manufacturer. | Page 3

Solar inverter Market Research Report- Forecast to 2023
2 Key Players: -
The major players operating in the market of global solar inverter are ABB Ltd (Switzerland), SMA Solar
Technology AG (Germany), Canadian Solar Inc. (Canada), SolarEdge Technologies Inc. (Israel),
SunPower Corporation (U.S.), Delta Electronics, Inc. (Taiwan), Solectria Renewables, LLC (U.S.), Sineng
Electric Co., Ltd. (China), Hitachi Hi-Rel Power Electronics Pvt. Ltd (India), and Power electronics
(Spain).
Market Research Analysis: -
Market Research Future analysis states that the global market of solar inverter market is estimated to grow
at USD 24,507.3 million by the end of year 2023.
One of the primary drivers for the growth of solar energy is the important part played by the government
initiatives and policies. Certain policies such as solar energy production, distribution and consumption, are
developed by governments to sustain growth. Solar energy policies include legislation, international
treaties and incentives to investment such as the formation incentives in the U.S. urbanization and economic
development are leading to a rapid rise in energy demand in urban areas. Government are setting targets
and introducing polices for promoting renewable energy as well as to reduce carbon emissions. Increasing
awareness regarding fossil fuel conservation and clean fuel demand will complement the industry growth
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