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Solar Inverter Market: Global Industry Analysis and Forecast 2021-2027
Solar inverters are used in solar modules to convert direct current to alternating current and can be used in a variety of applications. With the increasing emergence of unconventional energy sources and the increasing number of innovations, the solar energy industry occupies an important position in the commercial and private sectors which eventually boosts the Solar Inverter Market. One of the reasons for preferring solar power over other technologies is the sharp cost-cutting curve, which continues to decline. The cost of generating electricity from solar power is significantly lower than that of nuclear and coal-fired power plants.
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