Global DC-AC inverter Market Research Report-Azoth Analytics

HAWTHORNE, Fla. - Jan. 8, 2019 - PRLog -- Global DC-AC inverter market is expected to grow mainly due to growing demand of electricity in developing countries. Additionally, the developed countries are switching to renewable source of energy as a backup power source, leading to the demand of solar inverters for various purposes.
According to Azoth Analytics research report, "Global DC-AC inverter Market – By Application (Power Backups, Solar PVs) , By Rating Type (< 5KW, 5KW-1MW, > 1MW), By Waveform Output (Sine, Square, Modified Sine), By Phase Output (Single Phase, Three Phase), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)"  Global market is projected to display a growth represented by a CAGR of over 5.52% during 2018 – 2023, primarily driven by growing industrialization and trend of using renewable energy for the generation of electricity. Leading DC-AC inverters manufacturing companies are developing Power optimizing solutions for energy saving purposes which might help the inverter market to expand in forecasted period. There is a tremendous increase in the Global PV installed capacity net addition and thus the demand for the solar inverters is expected to increase from various sectors.
The report titled "Global DC-AC inverter Market – By Application (Power Backups, Solar PVs) , By Rating Type (< 5KW, 5KW-1MW, > 1MW), By Waveform Output (Sine, Square, Modified Sine), By Phase Output (Single Phase, Three Phase), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)"  has covered and analysed the potential of global DC-AC inverter Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.
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A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global DC-AC Inverter Market.  The report analyses the  DC-AC Inverter Market By Application Type (Power Backups, Solar PVs), By Ratings Type (<5KW, 5KW-1MW, >1MW), By Output Waveform Type (Sine wave, Square Wave, Modified Sine wave) and By Phase Output Type (Single Phase, Three Phase).