A photovoltaic inverter is a key device that converts the DC power collected by solar PV panels into AC power. The device has an energy storage function that allows it to store excess power for later use. In solar power systems, PV inverters play a vital role in converting electrical energy into high quality AC power for domestic, industrial and commercial power needs. Today, PV inverters have become one of the core technologies in the renewable energy sector. According to the latest industry data, the PV inverter market size is expanding rapidly. The global PV inverter market size is forecast to exceed USD 19.18 billion in 2021, and is expected to grow at a CAGR of more than 5.3% from 2022 to 2028. PV inverters, as an important part of the renewable energy industry, will play a more critical role in the future energy system. With the continuous development of solar energy technology and energy storage technology, PV inverters will continue to innovate and improve their effectiveness, making a greater contribution to the widespread application of clean energy.
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