With the decrease in the cost of PV power generation and reducing LOCE of solar power generation, there will be a high demand for solar energy during the forecast period, which, in turn, increases the demand for PV inverters, as they are an integral part of the solar energy plants.
There is a large growth in the solar PV market owing to the increasing need for low-cost clean energy.
The government policies supporting the production of clean energy also drive the market growth of solar PV. Owing to the growth of the solar PV market, there will be considerable growth in the global photovoltaic inverter market.
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