30 Aug 2024 | 12:00 UTC
Interactive: Insights into the booming PV inverter market
By Liam Coman, Siqi He, and Cormac Gilligan
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The PV inverter market has grown rapidly in recent years to achieve record global revenue of $21 billion in 2023. PV inverters convert DC electricity produced by solar modules into AC electricity to be fed into the grid and are considered the brains of a solar system.
A focus on software solutions for advanced energy management and using hybrid inverters to pair solar PV with energy storage have been key focus areas of innovation in the inverter market in recent years.
The following visuals tell the full story.
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