Market Overview:
The global decentralized frequency inverter market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for decentralized frequency inverters in industrial, logistics, and automobile applications. In addition, the growing demand for energy-efficient solutions across various industries is also contributing to the growth of this market. Based on type, the global decentralized frequency inverter market can be segmented into low voltage (LV), medium voltage (MV), and high voltage (HV) segments. The LV segment is expected to account for a major share of this market in 2018 owing to its widespread use in residential and commercial applications.
Product Definition:
A decentralized frequency inverter is an electronic device used to convert direct current (DC) into alternating current (AC). The importance of a decentralized frequency inverter is that it provides a more reliable and efficient way to convert DC power into AC power.
Low Voltage:
Low voltage is the current or voltage which does not exceed the given level in an electric circuit. The low voltage segment includes power supply for electronic equipment, battery backup and low power DC to AC converters. Low voltage systems are used in various applications such as LED lighting, wireless sensors networks, home appliances and medical devices among others.
The global decentralized frequency inverter market size was valued at USD 522 million in 2016.
Medium Voltage:
The global decentralized frequency inverter market is expected to witness significant growth over the forecast period. Increasing demand for clean energy and shift in trend towards renewable energy from conventional sources are some of the major factors driving the medium voltage (MV) Decentralized Frequency Inverter Market.
Decentralized frequency inverters use less power, have longer life span, and can be installed easily; these advantages are anticipated to drive their demand over the forecast period.
Application Insights:
The industrial segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the growing demand for high-frequency inverters across various industrial applications including chemical, paper and pulp, mining, oil and gas, power generation and renewable energy. In addition, a large number of central offices are being replaced with Decentralized Frequency Management (DFM) systems by electricity utilities owing to reduced operating costs as well as increased system reliability. This is expected to drive the demand over the forecast period.
The logistics sector accounted for more than 11% share of global market revenue in 2017 due to increasing use DFM systems that ensure efficient distribution of electrical power at lower cost along with improved service quality.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial output, coupled with rising investments in smart grid and renewable energy infrastructure. Increasing demand for electric vehicles is also expected to drive product demand over the next eight years.
The European regional market accounted for a significant revenue share in 2017 owing to growing adoption across several major economies, such as Germany, U.K., Italy, Spain among others.
Growth Factors:
- Increasing demand for decentralized frequency inverters in the industrial sector
- Growing popularity of microgrids and smart grids
- Rising demand for energy-efficient solutions
- Proliferation of renewable energy sources
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Decentralized Frequency Inverter Market Research Report
By Type
Low Voltage, Medium Voltage, High Voltage
By Application
Industrial, Logistics, Automobile, Other
By Companies
Siemens AG, Schneider Electric, Yaskawa Electric, Emerson Electric, ABB, Hitachi, Mitsubishi Electric Corporation, Toshiba International Corporation, Fuji Electric, Danfoss
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Decentralized Frequency Inverter Market Report Segments:
The global Decentralized Frequency Inverter market is segmented on the basis of:
Types
Low Voltage, Medium Voltage, High Voltage
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
Industrial, Logistics, Automobile, Other
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:
- Siemens AG
- Schneider Electric
- Yaskawa Electric
- Emerson Electric
- ABB
- Hitachi
- Mitsubishi Electric Corporation
- Toshiba International Corporation
- Fuji Electric
- Danfoss
Highlights of The Decentralized Frequency 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:
- Low Voltage
- Medium Voltage
- High Voltage
- By Application:
- Industrial
- Logistics
- Automobile
- Other
- 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 Decentralized Frequency 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?
A decentralized frequency inverter is a type of energy storage device that uses the power of the sun and wind to generate electricity. These devices are often used to store excess energy generated by solar and wind farms, or to provide backup power in case of an outage.
Some of the major players in the decentralized frequency inverter market are Siemens AG, Schneider Electric, Yaskawa Electric, Emerson Electric, ABB, Hitachi, Mitsubishi Electric Corporation, Toshiba International Corporation, Fuji Electric, Danfoss.
The decentralized frequency inverter market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Decentralized Frequency 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 Decentralized Frequency Inverter Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Decentralized Frequency 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 Decentralized Frequency 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 Decentralized Frequency Inverter Market Size & Forecast, 2020-2028 4.5.1 Decentralized Frequency Inverter Market Size and Y-o-Y Growth 4.5.2 Decentralized Frequency 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 Low Voltage
5.2.2 Medium Voltage
5.2.3 High Voltage
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 Industrial
6.2.2 Logistics
6.2.3 Automobile
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Decentralized Frequency 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 Decentralized Frequency 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 Low Voltage
9.6.2 Medium Voltage
9.6.3 High Voltage
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 Industrial
9.10.2 Logistics
9.10.3 Automobile
9.10.4 Other
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 Low Voltage
10.6.2 Medium Voltage
10.6.3 High Voltage
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 Industrial
10.10.2 Logistics
10.10.3 Automobile
10.10.4 Other
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 Low Voltage
11.6.2 Medium Voltage
11.6.3 High Voltage
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 Industrial
11.10.2 Logistics
11.10.3 Automobile
11.10.4 Other
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 Low Voltage
12.6.2 Medium Voltage
12.6.3 High Voltage
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 Industrial
12.10.2 Logistics
12.10.3 Automobile
12.10.4 Other
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 Low Voltage
13.6.2 Medium Voltage
13.6.3 High Voltage
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 Industrial
13.10.2 Logistics
13.10.3 Automobile
13.10.4 Other
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 Decentralized Frequency Inverter Market: Competitive Dashboard
14.2 Global Decentralized Frequency Inverter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens AG
14.3.2 Schneider Electric
14.3.3 Yaskawa Electric
14.3.4 Emerson Electric
14.3.5 ABB
14.3.6 Hitachi
14.3.7 Mitsubishi Electric Corporation
14.3.8 Toshiba International Corporation
14.3.9 Fuji Electric
14.3.10 Danfoss