Market Overview:
The global battery inverters market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy sources and the growing number of electric vehicles. In addition, government initiatives and regulations supporting the use of renewable energy are also contributing to the growth of this market. The global battery inverters market is segmented on the basis of type, application, and region. On the basis of type, it is divided into single-phase electric power and three-phase electric power. On the basis of application, it is classified into utility scale, commercial, and residential segments. Geographically, it is analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China India Japan) Middle East & Africa(South Africa).
Product Definition:
A battery inverter is a device that converts direct current (DC) to alternating current (AC). This is important because most electronic devices use AC power. A battery inverter can be used to power devices such as televisions, computers, and even small appliances.
Single-Phase Electric Power:
Single-phase electric power is the simplest form of electric power. It has one wire carrying electrical current from a central service station to the point of use. The single-phase system can be used in various applications such as residential, commercial and industrial sectors. Single phase inverters are widely used in battery converters for vehicles and equipment that require AC to DC single phase conversion with low loss, high efficiency and minimum noise characteristics.
Three-Phase Electric Power:
Three-phase electric power is the alternating current produced by electrical appliances when they are operated at different phases. The three-phase electric power is mostly used in battery inverters. Battery Inverter is a device that changes the direct current (DC) to alternate current and back to original DC with no loss of energy. It does so by using the energy stored in rechargeable batteries.
Application Insights:
The utility scale segment dominated the global market in 2017. This can be attributed to growing demand for renewable sources of energy, such as wind and solar power. Furthermore, increasing government support for promoting investments in this sector is expected to boost product demand over the forecast period.
Commercial application is projected to witness a CAGR of XX% from 2018 to 2030 owing to rising number of commercial buildings including hospitals, hotels and restaurants (H&T) across various regions including Asia Pacific and Middle East & Africa. In addition, inverters suitable for large-scale commercial applications are likely to become available during the forecast period which would propel industry growth further over the coming years.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for clean energy, supportive government policies, rising investments in renewable power generation projects, and growing industrialization. China is projected to lead the regional market owing to its large population coupled with rapid urbanization and economic development. Moreover, favorable government policies are anticipated to propel industry expansion over the coming years.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for battery inverters as they are used to convert direct current (DC) from batteries into alternating current (AC) that can be used by electrical appliances and devices.
- Rising investment in renewable energy: The global investment in renewable energy is expected to grow at a CAGR of more than 12% during the forecast period. This will lead to an increase in the demand for battery inverters as they are used to convert DC from batteries into AC that can be used by solar panels, wind turbines, and other renewable energy sources.
- Growing popularity of smart homes: The global market for smart homes is expected to grow at a CAGR of more than 25% during the forecast period. This will lead to an increase in the demand for battery inverters as they are often used as part of home automation systems that allow homeowners to control various appliances and devices using voice commands or mobile apps.
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Inverters Market Research Report
By Type
Single-Phase Electric Power, Three-Phase Electric Power
By Application
Utility Scale, Commercial, Residential
By Companies
Dynapower, Bosh (VoltWerks), SMA, KACO, Parker, ABB, Princeton, Eaton, SUNGROW, CLOU, Dynapower, Zhicheng Champion
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Battery Inverters Market Report Segments:
The global Battery Inverters market is segmented on the basis of:
Types
Single-Phase Electric Power, Three-Phase Electric Power
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
Utility Scale, Commercial, Residential
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:
- Dynapower
- Bosh (VoltWerks)
- SMA
- KACO
- Parker
- ABB
- Princeton
- Eaton
- SUNGROW
- CLOU
- Dynapower
- Zhicheng Champion
Highlights of The Battery Inverters 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:
- Single-Phase Electric Power
- Three-Phase Electric Power
- By Application:
- Utility Scale
- Commercial
- Residential
- 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 Battery Inverters 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?
A battery inverter is a device that helps to convert direct current (DC) from a battery into alternating current (AC). This can be helpful if you need to use your battery in an electronic device that only uses AC power.
Some of the key players operating in the battery inverters market are Dynapower, Bosh (VoltWerks), SMA, KACO, Parker, ABB, Princeton, Eaton, SUNGROW, CLOU, Dynapower, Zhicheng Champion.
The battery inverters market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Inverters 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 Battery Inverters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Inverters 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 Battery Inverters 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 Battery Inverters Market Size & Forecast, 2018-2028
4.5.1 Battery Inverters Market Size and Y-o-Y Growth
4.5.2 Battery Inverters Market Absolute $ Opportunity
Chapter 5 Global Battery Inverters 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 Battery Inverters Market Size Forecast by Type
5.2.1 Single-Phase Electric Power
5.2.2 Three-Phase Electric Power
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Battery Inverters 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 Battery Inverters Market Size Forecast by Applications
6.2.1 Utility Scale
6.2.2 Commercial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Inverters 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 Battery Inverters 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 Battery Inverters Analysis and Forecast
9.1 Introduction
9.2 North America Battery Inverters 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 Battery Inverters Market Size Forecast by Type
9.6.1 Single-Phase Electric Power
9.6.2 Three-Phase Electric Power
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 Battery Inverters Market Size Forecast by Applications
9.10.1 Utility Scale
9.10.2 Commercial
9.10.3 Residential
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 Battery Inverters Analysis and Forecast
10.1 Introduction
10.2 Europe Battery Inverters 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 Battery Inverters Market Size Forecast by Type
10.6.1 Single-Phase Electric Power
10.6.2 Three-Phase Electric Power
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 Battery Inverters Market Size Forecast by Applications
10.10.1 Utility Scale
10.10.2 Commercial
10.10.3 Residential
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 Battery Inverters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Battery Inverters 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 Battery Inverters Market Size Forecast by Type
11.6.1 Single-Phase Electric Power
11.6.2 Three-Phase Electric Power
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 Battery Inverters Market Size Forecast by Applications
11.10.1 Utility Scale
11.10.2 Commercial
11.10.3 Residential
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 Battery Inverters Analysis and Forecast
12.1 Introduction
12.2 Latin America Battery Inverters 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 Battery Inverters Market Size Forecast by Type
12.6.1 Single-Phase Electric Power
12.6.2 Three-Phase Electric Power
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 Battery Inverters Market Size Forecast by Applications
12.10.1 Utility Scale
12.10.2 Commercial
12.10.3 Residential
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) Battery Inverters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Battery Inverters 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) Battery Inverters Market Size Forecast by Type
13.6.1 Single-Phase Electric Power
13.6.2 Three-Phase Electric Power
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) Battery Inverters Market Size Forecast by Applications
13.10.1 Utility Scale
13.10.2 Commercial
13.10.3 Residential
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 Battery Inverters Market: Competitive Dashboard
14.2 Global Battery Inverters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dynapower
14.3.2 Bosh (VoltWerks)
14.3.3 SMA
14.3.4 KACO
14.3.5 Parker
14.3.6 ABB
14.3.7 Princeton
14.3.8 Eaton
14.3.9 SUNGROW
14.3.10 CLOU
14.3.11 Dynapower
14.3.12 Zhicheng Champion
