The global solar (PV) inverter market size was valued at $7.7 billion in 2020 and is expected to reach $17.9 billion by 2030, registering a CAGR of 8.8% from 2021 to 2030. A solar inverter is an important device in the solar system, which converts DC power flowing from solar panels to AC power. Apart from the conversion, solar inverters track voltage, allow grid connecting communication, and shut down during emergency conditions. On-grid solar inverters produce a pure sine wave of AC electricity than off-grid inverters.