DC-AC Inverter Sector: Growth Drivers and Challenges
Growth Drivers
- Rapidly Growing Urbanization
- Increasing Adoption of Renewable Energy Sources for Electricity Generation Worldwide
Challenges
-
High Maintenance Cost of DC/AC Inverter
DC-AC Inverter Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
20.7% |
|
Base Year Market Size (2024) |
USD 9.21 billion |
|
Forecast Year Market Size (2037) |
USD 106.28 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of DC-AC inverter is estimated at USD 10.83 billion.
DC-AC Inverter Market size was over USD 9.21 billion in 2024 and is anticipated to cross USD 106.28 billion by 2037, growing at more than 20.7% CAGR during the forecast period i.e., between 2025-2037.
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.
The major players in the market are SMA Solar Technology AG, Omron Corporation, Huawei Technologies Co., Ltd., TMEIC, ABB Ltd., and others.
