Power Inverter Market Forecast: Growth Driven by Renewable Energy and Smart Grid Innovations According to a recent report by Meticulous Research®, the global power inverter market is projected to reach $109.7 billion by 2031, growing at a CAGR of 5.3% from 2024 to 2031. The expansion of this market is largely driven by the increasing investments in renewable energy, the growing demand for uninterrupted power supply (UPS) across industries, and government initiatives promoting...
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