Power Inverter Market reached a value of US$ 75.25 Billion in 2022 and the market is expected to reach US$ 115.84 Billion by 2030, exhibiting a CAGR of 5.54%.
Electric equipment called power inverters change direct current (DC) into alternating current (AC). Power inverters, as opposed to generators, have a low running cost and do away with the hassle of change-over switches. They are used to run a variety of tools, home appliances, and other electrical devices because of their qualities. According to the various needs and preferences of the consumer base, power inverters are offered in a number of sizes, types, and power levels. Modified sine wave power inverters, plug-in grid-tie power inverters, and solar power inverters are a few of these variations.
Electric equipment called power inverters convert Direct Current (DC) to Alternating Current (AC). Power inverters, as opposed to generators, offer minimal running costs and eliminate the hassle of using change-over switches.
They are used to run a variety of tools, home appliances, and other electrical devices because they have these qualities.
According to the diverse demands and preferences of the consumer base, power inverters are readily offered in a number of sizes, types, and power levels.
Modified sine wave power inverters, plug-in grid-tie power inverters, and solar power inverters are a few of these variations.
The input voltage, frequency, output voltage, and total power handling are all impacted by the configuration or circuitry of a power inverter.
Sizes of power inverters include 1000 watts, 3000 watts, and 5000 watts.
Modern power inverters feature digital screens, USB ports, and phone chargers. Commercial, residential, and industrial use of power inverters are the three main uses.
The main benefits of this product include the absence of the need for gasoline, moving components, or lubrication.
A power inverter is an electric circuit that transforms direct current (DC) to alternating current (AC). The design of the electric circuit determines the frequency, power, input, and output. In comparison to a generator, the power inverter is less expensive to operate and allows for the use of change-over switches. Power inverters are employed in a variety of tools, electrical items, and household appliances because of their properties. Power inverters come in a variety of styles, sizes, and power levels to meet the needs of consumers; some of these are plug-in-grid tie power inverters, sine wave power inverters, and solar power inverters. Power inverters are utilised in a variety of settings, including residential, commercial, and industrial. Power inverters are used in motor drives, rail traction, wind turbines, and electric vehicles.
Global Power Inverter Market- Segment Analysis
Major Key Players
- Omron Corporation
- ABB Ltd
- Tabuchi Electric Co., Ltd
- Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
- Advanced Energy Industries, Inc
- Enphase Energy, Inc
- Schneider Electric SE
- Huawei Technologies Co., Ltd
- SolarEdge Technologies Inc
- Sungrow Power Supply
- Power Electronics
- Fronius International
- Altenergy Power System
- Darfon Electronics
- Delphi Technologies
- Schneider Electric
- Delta Electronics
- Yaskawa Solectria Solar
- Kaco New Energy
Based on Type
- Solar Inverters
- Inverter Type
- Central Inverters
- String Inverters
- Micro Inverters
- Hybrid Inverters
- Connection Type
- Grid-Tied
- Stand-alone
- Non Solar Types
- Vehicle Inverters
- Battery Electric Vehicles
- Hybrid Electric Vehicles
- Plug-in Hybrid Vehicles
- Residential Inverters
Based on Output Power Rating
- Below 10 kw
- 10-50 kw
- 50-100 kw
- Above 100 kw
Based on Output Voltage
- 100-300 V
- 300-500 V
- Above 500 V
Based on Sales Channel
- Indirect
- Direct
Based on End-User
- Automotive
- Residential
- Commercial
- PV Plants
Based on Application
- Motor Drives
- Uninterruptible Power Supply (UPS)
- Rail Traction
- Wind Turbines
- Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs)
- Solar PVs
Table of Contents
- Global Power Inverter Market Introduction and Market Overview
- Global Power Inverter Market – Executive Summary
- Power Inverter Market Trends, Outlook, and Factors Analysis
- Global Power Inverter Market: Estimates & Historic Trend Analysis (2018 to 2021)
- Global Power Inverter Market Estimates & Forecast Trend Analysis, by Deployment
- Global Power Inverter Market Estimates & Forecast Trend Analysis, by Component
- Global Power Inverter Market Estimates & Forecast Trend Analysis, by Content Type
- Global Power Inverter Market Estimates & Forecast Trend Analysis, by End Use
- Global Power Inverter Market Analysis and Forecast, by Region
- North America Power Inverter Market: Estimates & Forecast Trend Analysis
- Europe Power Inverter Market: Estimates & Forecast Trend Analysis
- Asia Pacific Power Inverter Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Power Inverter Market: Estimates & Forecast Trend Analysis
- Latin America Power Inverter Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
COVID-19 Impact on the Global Inverter Market:-
Global inverter market growth has been badly impacted by the COVID-19 epidemic as a result of the sharp decline in inverter demand. To reduce the spread of the coronavirus, governments all around the world have limited a variety of commercial activities. Due to the pandemic, the government’s planned large-scale developments in the renewable energy industry were also halted, delaying the route toward the clean energy transition. As partial or complete lockdowns were implemented to limit the epidemic, businesses across many geographies were also forced to shut down their production plants and services. Due to the lack of supplies, this increased the cost of purchasing raw materials, which ultimately caused delays in order closures. Consequently, the epidemic has had a negative influence on demand.
Key Questions Answered in the Compact Inverter Technology Market Report
- How is the compact inverter technology market expected to grow over the projected period?
- What direction is the compact inverter technology market expected to take in terms of value during the forecast period?
- What is the expected impact of macroeconomic factors on the compact inverter technology market in the future?
- What are the key factors driving the compact inverter technology market?
- What are the significant opportunities and improvement areas for the providers of compact inverter technology?
- What are the key developments and trends taking place in the compact inverter technology market?
- Which emerging countries are expected to create significant growth opportunities in the compact inverter technology market?
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