Solar PV accounted for 45% of all power generation investment in 2024, and it is forecast to maintain this throughout the next decade. Inverters are one of the key components within a PV system, accounting for anywhere from 5% to 15% of the total system value, depending on the end customer segment. This analysis assesses the global potential and growth opportunities for solar PV inverters.  

• What drives the growth of different categories of inverters like central inverters, string inverters, and micro inverters?
  
• What are the various growth prospects emerging from utility installations across commercial and residential sectors?
  
• With national renewable targets driving the demand for solar PV and inverters, how can you grow by leveraging the increasing cost competitiveness of solar PV-based generation?