The solar PV inverter market is projected to experience considerable growth during the analyzed timeframe owing to the rising number of solar energy projects as well as the discovery of advanced solar PV inverter solutions. In addition, smart solar PV inverters are a technologically advanced type of power electronics which can make autonomous decisions to keep the power grid stable and reliable. Smart solar inverters work while ensuring uninterrupted electricity flow without voltage fluctuations. Advanced features including voltage and frequency sensors allows smart solar inverters to detect grid abnormalities and send feedback to utility operators. Moreover, smart solar inverters ensure two-way communication with power utility control centers, thereby enhancing their efficiency across residential and commercial applications which in turn is expected to drive the market growth in the coming years.
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Top Key Major Players:-
- Delta Electronics, Inc.
- FIMER S.P.A.
- FRONIUS International GmbH
- GINLONG Technologies
- Huawei Technologies Co., Ltd.
- SMA Solar Technology AG
- Solaredge Technologies, Inc.
- Sungrow Power Supply Co., Ltd.
- Power Electronics S.L.
- Growatt New Energy