Argentina PV Inverter Market Size & Outlook, 2030
This country databook contains high-level insights into Argentina pv inverter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
The Argentina inverter market is experiencing significant growth owing to the rising demand for renewable energy sources such as solar and wind power. Inverters play a vital role in converting DC power generated by solar panels or wind turbines into usable AC power for commercial and residential applications.
The Argentina pv inverter market generated a revenue of USD 133.8 million in 2023 and is expected to reach USD 419.9 million by 2030. The Argentina market is expected to grow at a CAGR of 17.7% from 2024 to 2030. In terms of segment, central pv inverter was the largest revenue generating product in 2023.
The power inverter industry is dominated by a number of companies, which has created intense price competition in Argentina. Unorganized players typically charge far cheaper rates for their goods, organized players typically charge higher prices.
The inverter capacity offered by the company itself ranges from 1000W to 10kW. The efficiency level of the inverter is 93% and has been equipped with MPPT which can maximize the performance of the inverter in your energy system. VEICHI is one of the well-known distributors of renewable energy devices in Argentina.
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