Power inverter is a device that converts direct current (DC) from a battery, solar panel or fuel cell into the conventional alternating current (AC). This alternating current is used to run and operate numerous types of household appliances and lights. As power inverter is a reliable and economic alternate source of electricity, it currently has a diverse range of applications. IMARC Group’s latest report titled, “Power Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global power inverter market reached a value of US$ 60 Billion in 2016, growing at a CAGR of 7% during 2009-2016.

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