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[pdf] China 's solar inverter market is projected to decline in 2025, a first since 2019. The downturn follows record shipments in 2024 and reflects market uncertainty across major. . Wood Mackenzie's latest analysis expects market uncertainty in China, Europe and the U. Image: Lauri Veerde, Wikimedia Commons, CC BY-SA 4. 36 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 7. This decline reflects a market shift aimed at addressing manufacturing overcapacity, falling prices, and intense domestic competition. Policy uncertainty and. . Photovoltaic inverter convert the variable direct current (DC) output from solar panels into alternating current (AC) with utility frequency, which can either be fed back into the commercial power grid or used in off-grid systems.
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