Solar PV Inverters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Contributing sentiments towards policy:

72% : The solar power in India, bestowed with high solar irradiance, has already achieved grid parity that encourages the adoption of solar power as a mainstream energy source, pushing forward the capacity installations in the utility-scale and rooftop solar segments.
66% : This is due to the increased demand for solar energy across the country.
65% : This is even more significant as the country hosts the largest amount of solar power generation globally.
64% : Factors such as supportive government initiatives and investment in electrification of the remote and rural areas using solar energy are likely to support the solar PV inverters market.
64% : Most of the demand is expected to come from China, which is also the largest producer of solar energy in the world.
57% : As part of the Paris Agreement commitments, the Government of India set an ambitious target of achieving 175 GW of renewable energy capacity by 2022.

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