Global Solar Hybrid Inverter Market 2017-2021
Market research analysts at Technavio predict that the global solar hybrid inverter market will grow steadily over the next four years and post a CAGR of more than 9% by 2021. This market research analysis identifies supportive government regulations as one of the key growth factors for the global solar hybrid inverter market. To curb the dependence on electricity, the governments are taking initiatives to promote the deployment of solar energy. For instance, the US government has introduced the Solar Investment Tax Credit (ITC) policy that supports the deployment of solar energy in the country. It has been observed that the implementation of ITC has fueled the growth of solar installation by almost 16 times in the country. Similarly, the government in Germany also implemented the Renewable Energy Sources Act in 2011 to promote the usage of renewable energy-generating power utilities in the country.
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Date
May 2018 -
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187.4KB -
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