The global solar central inverters market is expected
to witness a CAGR of 12.56% during the forecast period. Certain factors that
are driving the market include rising investments in renewables, rising demand
for energy, and favorable government support.
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Renewable energy is playing a vital role in the global shift toward
attaining a more sustainable and less carbon-intensive environment. Significant
adoption of clean energy technologies across the world is due to the government
regulations pertaining to reduction in carbon emissions. The boost in rising
investments is due to the proliferation of clean energy technologies.
According to IEA, solar PV investment increased to record levels in
2017, as the share of deployment in historically low-cost countries such as
China and India, continued to grow. With the increasing government support and
investments, the use of renewable energy sources has been growing rapidly. Hence, the
rising investments in renewables are expected to drive the growth of the global solar central inverters market.
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