The global power inverters market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for electric vehicles and renewable energy sources such as solar and wind power. The increasing demand for electric vehicles is due to their low emission levels, which are better than those of conventional vehicles. In addition, the growing need for renewable energy sources such as solar and wind power is also driving the growth of this market. The global power inverters market by type includes 12 V, 24 V, 200-400 V, 300-450 V and others (200-400V). The 12V segment accounted for a share of over 50% in 2017 owing to its wide application in automotive industry. However, it is expected that 24V will witness fastest growth during the forecast period owing to its wide application in home use applications such as air conditioners and refrigerators among others. The global power inverters market by control type includes grid control (AC), solar control (DC) and others (AC/DC). Grid control accounted for over 50% share in 2017 due to its wide application across various industries including automotive industry among others while DC accounted for less than 10%. Solar control segment is expected to witness fastest growth during the forecast period owing to its wide application across various industries including residential sector among others.
Some Of The Growth Factors Of This Market:
- The Power Inverters Industry is driven by the need for power in remote areas, and the increasing demand for renewable energy sources.
- The Power Inverters Industry is also driven by the need to reduce carbon emissions and increase efficiency in power generation.
- Increasing demand for electric vehicles will also drive growth in this industry.
- Increasing use of solar panels will also drive growth.
Industry Growth Insights published a new data on “Power Inverters Industry Market”. The research report is titled “Power Inverters Industry Market research by Types (by Input Voltage, 12 V, 24 V, 200 to 400 V, 300 to 450 V, by Control Type, Power Grid, Solar, Other), By Applications (Automotive, Home Use, Industrial), By Players/Companies ABB, Siemens, Akowa Electronics, TDK-Lambda, Mascot, Mean Well USA, TE Connectivity, Custom Power Design, Tektronix, Tripp Lite, Schaffner, Pico Technology, Bel Power Solutions”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Inverters Industry Market Research Report
By Type
by Input Voltage, 12 V, 24 V, 200 to 400 V, 300 to 450 V, by Control Type, Power Grid, Solar, Other
By Application
Automotive, Home Use, Industrial
By Companies
ABB, Siemens, Akowa Electronics, TDK-Lambda, Mascot, Mean Well USA, TE Connectivity, Custom Power Design, Tektronix, Tripp Lite, Schaffner, Pico Technology, Bel Power Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Power Inverters Industry Market Report Segments:
The global Power Inverters Industry market is segmented on the basis of:
Types
by Input Voltage, 12 V, 24 V, 200 to 400 V, 300 to 450 V, by Control Type, Power Grid, Solar, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Home Use, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Akowa Electronics
- TDK-Lambda
- Mascot
- Mean Well USA
- TE Connectivity
- Custom Power Design
- Tektronix
- Tripp Lite
- Schaffner
- Pico Technology
- Bel Power Solutions
Highlights of The Power Inverters Industry Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- by Input Voltage
- 12 V
- 24 V
- 200 to 400 V
- 300 to 450 V
- by Control Type
- Power Grid
- Solar
- Other
- By Application:
- Automotive
- Home Use
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Power Inverters Industry Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The power inverters industry is a $27.5 billion global market that employs over 150,000 people. The industry produces and sells electrical equipment that converts direct current (DC) into alternating current (AC). Power inverters are used to power devices such as computers, medical equipment, appliances and vehicles.
Some of the major companies in the power inverters industry market are ABB, Siemens, Akowa Electronics, TDK-Lambda, Mascot, Mean Well USA, TE Connectivity, Custom Power Design, Tektronix, Tripp Lite, Schaffner, Pico Technology, Bel Power Solutions.
The power inverters industry market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Inverters Industry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Power Inverters Industry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power Inverters Industry Market - Supply Chain
4.5. Global Power Inverters Industry Market Forecast
4.5.1. Power Inverters Industry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Inverters Industry Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power Inverters Industry Market Absolute $ Opportunity
5. Global Power Inverters Industry Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Power Inverters Industry Market Size and Volume Forecast by Type
5.3.1. by Input Voltage
5.3.2. 12 V
5.3.3. 24 V
5.3.4. 200 to 400 V
5.3.5. 300 to 450 V
5.3.6. by Control Type
5.3.7. Power Grid
5.3.8. Solar
5.3.9. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Power Inverters Industry Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Power Inverters Industry Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Home Use
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Power Inverters Industry Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Power Inverters Industry Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Power Inverters Industry Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Power Inverters Industry Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Power Inverters Industry Demand Share Forecast, 2019-2026
9. North America Power Inverters Industry Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Power Inverters Industry Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Power Inverters Industry Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Home Use
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power Inverters Industry Market Size and Volume Forecast by Type
9.7.1. by Input Voltage
9.7.2. 12 V
9.7.3. 24 V
9.7.4. 200 to 400 V
9.7.5. 300 to 450 V
9.7.6. by Control Type
9.7.7. Power Grid
9.7.8. Solar
9.7.9. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Power Inverters Industry Demand Share Forecast, 2019-2026
10. Latin America Power Inverters Industry Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Power Inverters Industry Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Power Inverters Industry Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Home Use
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power Inverters Industry Market Size and Volume Forecast by Type
10.7.1. by Input Voltage
10.7.2. 12 V
10.7.3. 24 V
10.7.4. 200 to 400 V
10.7.5. 300 to 450 V
10.7.6. by Control Type
10.7.7. Power Grid
10.7.8. Solar
10.7.9. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Power Inverters Industry Demand Share Forecast, 2019-2026
11. Europe Power Inverters Industry Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Power Inverters Industry Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Power Inverters Industry Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Home Use
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power Inverters Industry Market Size and Volume Forecast by Type
11.7.1. by Input Voltage
11.7.2. 12 V
11.7.3. 24 V
11.7.4. 200 to 400 V
11.7.5. 300 to 450 V
11.7.6. by Control Type
11.7.7. Power Grid
11.7.8. Solar
11.7.9. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Power Inverters Industry Demand Share, 2019-2026
12. Asia Pacific Power Inverters Industry Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Power Inverters Industry Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Power Inverters Industry Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Home Use
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power Inverters Industry Market Size and Volume Forecast by Type
12.7.1. by Input Voltage
12.7.2. 12 V
12.7.3. 24 V
12.7.4. 200 to 400 V
12.7.5. 300 to 450 V
12.7.6. by Control Type
12.7.7. Power Grid
12.7.8. Solar
12.7.9. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Power Inverters Industry Demand Share, 2019-2026
13. Middle East & Africa Power Inverters Industry Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Power Inverters Industry Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Power Inverters Industry Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Home Use
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power Inverters Industry Market Size and Volume Forecast by Type
13.7.1. by Input Voltage
13.7.2. 12 V
13.7.3. 24 V
13.7.4. 200 to 400 V
13.7.5. 300 to 450 V
13.7.6. by Control Type
13.7.7. Power Grid
13.7.8. Solar
13.7.9. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Power Inverters Industry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Power Inverters Industry Market: Market Share Analysis
14.2. Power Inverters Industry Distributors and Customers
14.3. Power Inverters Industry Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Akowa Electronics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TDK-Lambda
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mascot
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mean Well USA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TE Connectivity
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Custom Power Design
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tektronix
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tripp Lite
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Schaffner
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Pico Technology
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Bel Power Solutions
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook