Grid-forming Inverter Market worth $1,042 Million by 2028
The global Grid-forming Inverter Market is projected to reach USD 1,042 million in 2028 from USD 680 million in 2023 at a CAGR of 8.9% according to a new report by MarketsandMarkets™. Grid-forming inverters actively regulate the grid’s frequency and voltage to ensure that it remains within acceptable operating limits, even under varying renewable energy output or load conditions. Unlike...