DC/AC Inverter Market Share

On the basis of geographical analysis, the global DC/AC inverter market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is estimated to dominate majority revenue share by 2037, impelled by rise in demand for electricity in developing countries of the region, robust growth of industrialization and growing trend of green energy for power generation. In addition, increasing emphasis on regulations focusing on operational and workforce safety, and surge in electrification of the transportation sector is also projected to drive the region’s market growth in the coming years.