According to the latest report by IMARC Group titled, “power inverter market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, The global power inverter market was worth US$ 66.6 Billion in 2018. Looking forward, the market value to reach US$ 93.7 Billion by 2024, at a CAGR of 5.8% during 2019-2024.

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