Market Overview:
The global inverter market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy sources and the growing awareness about energy efficiency among consumers. The small power inverter segment is expected to grow at a CAGR of 7.1% from 2018 to 2030, while the medium power inverter segment is expected to grow at a CAGR of 5.8%.
Product Definition:
An inverter is a device that converts direct current (DC) to alternating current (AC). It is used to convert battery power to household power, or to provide backup power in the event of an outage.
Small Power Inverter:
Small power inverter is a device that helps to convert the low voltage DC electricity into high voltage AC electricity. Small power inverters are mostly used in battery chargers, electric tools, and small home appliances like coffee makers and vacuum cleaners. The global small power inverter market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Medium Power Inverter:
A medium power inverter is a type of electric generator that produces an alternating current (AC) of between 0 to 200 volts. The average household appliances such as air conditioners, refrigerators and television set work on direct current (DC). Medium power inverters are used for converting the DC to AC which makes it suitable for use with household appliances.
Application Insights:
The commercial segment dominated the global inverter market in 2017. The growing construction industry, particularly in developing countries such as India and China, is expected to drive the demand for commercial energy solutions over the forecast period. In addition, a surge in industrialization has resulted in an increased requirement of electricity for manufacturing and running machines across various industries globally. This has led to an increased need for power inverters that can easily handle large amounts of power input from industrial sources.
The residential application segment is expected to witness significant growth over the forecast period owing to rising urbanization trends across various regions including Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific dominated the global inverter market in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing demand for clean energy, supportive government policies, and rising investments in renewable power generation projects. Moreover, growing industrialization coupled with rapid urbanization has resulted in increased consumption of electricity across Asia Pacific countries.
The European regional market accounted for a significant share of global revenue in 2016 owing to large-scale adoption across several major economies including Germany and Italy along with other Eastern & Central European countries. However, Latin America is anticipated to witness substantial growth over the next eight years owing to increasing focus on using alternative sources of energy as a part of sustainable development initiatives supported by governments across Brazil and Argentina among other nations within the region will play an important role during this period.
Growth Factors:
- Increasing demand for energy-efficient appliances
- Rapid growth in the solar photovoltaic market
- Rising demand from the transportation sector
- Growing popularity of electric vehicles
- Proliferation of smart grids
Scope Of The Report
Report Attributes
Report Details
Report Title
Inverter Market Research Report
By Type
Small Power Inverter, Medium Power Inverter, High Power Inverter
By Application
Residential, Commercial
By Companies
ABB, SMA Solar Technology, Mitsubishi Electric, Danfoss, Siemens (KACO), Delta Electronics, Schneider Electric, Eaton, OMRON, Tabuchi Electric, ABB, Power Electronics, TBEA, SiNENG, GoodWe, FIMER, Fronius, Powerone Micro System, Enphase Energy, Bonfiglioli
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Inverter Market Report Segments:
The global Inverter market is segmented on the basis of:
Types
Small Power Inverter, Medium Power Inverter, High Power Inverter
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
Residential, Commercial
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
- SMA Solar Technology
- Mitsubishi Electric
- Danfoss
- Siemens (KACO)
- Delta Electronics
- Schneider Electric
- Eaton
- OMRON
- Tabuchi Electric
- ABB
- Power Electronics
- TBEA
- SiNENG
- GoodWe
- FIMER
- Fronius
- Powerone Micro System
- Enphase Energy
- Bonfiglioli
Highlights of The Inverter 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:
- Small Power Inverter
- Medium Power Inverter
- High Power Inverter
- By Application:
- Residential
- Commercial
- 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 Inverter 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
An inverter is a device that converts direct current (DC) into alternating current (AC).
Some of the major companies in the inverter market are ABB, SMA Solar Technology, Mitsubishi Electric, Danfoss, Siemens (KACO), Delta Electronics, Schneider Electric, Eaton, OMRON, Tabuchi Electric, ABB, Power Electronics, TBEA, SiNENG, GoodWe, FIMER, Fronius, Powerone Micro System, Enphase Energy, Bonfiglioli.
The inverter market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inverter Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Inverter Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Inverter Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Inverter Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Inverter Market Size & Forecast, 2020-2028 4.5.1 Inverter Market Size and Y-o-Y Growth 4.5.2 Inverter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Small Power Inverter
5.2.2 Medium Power Inverter
5.2.3 High Power Inverter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inverter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Inverter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Small Power Inverter
9.6.2 Medium Power Inverter
9.6.3 High Power Inverter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Small Power Inverter
10.6.2 Medium Power Inverter
10.6.3 High Power Inverter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Small Power Inverter
11.6.2 Medium Power Inverter
11.6.3 High Power Inverter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Small Power Inverter
12.6.2 Medium Power Inverter
12.6.3 High Power Inverter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Small Power Inverter
13.6.2 Medium Power Inverter
13.6.3 High Power Inverter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Inverter Market: Competitive Dashboard
14.2 Global Inverter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 SMA Solar Technology
14.3.3 Mitsubishi Electric
14.3.4 Danfoss
14.3.5 Siemens (KACO)
14.3.6 Delta Electronics
14.3.7 Schneider Electric
14.3.8 Eaton
14.3.9 OMRON
14.3.10 Tabuchi Electric
14.3.11 ABB
14.3.12 Power Electronics
14.3.13 TBEA
14.3.14 SiNENG
14.3.15 GoodWe
14.3.16 FIMER
14.3.17 Fronius
14.3.18 Powerone Micro System
14.3.19 Enphase Energy
14.3.20 Bonfiglioli