Power Inverter Market Share, Size, Trends and Industry Report 2024-2032

As per the new report by Expert Market Research, the global power inverter market size reached a value of USD 72.7 billion in 2023. Aided by the increasing demand for renewable energy sources and the growing applications of power inverters in various industries, the market is projected to further grow at a CAGR of 5.2% between 2024 and 2032 to reach a value of USD 97.5 billion by 2032.

Power Inverter Market Share, Size, Trends and Industry Report 2024-2032