Market Overview:
The global drive 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 energy-efficient and reliable drive systems across various industries. Additionally, the growing awareness about the benefits of using drive inverters is also contributing to the growth of this market. The AC drive inverter segment is expected to dominate the global market during the forecast period owing to its high efficiency and reliability. The industrial sector is expected to be a key adopter of these products due to their ability improve process efficiency and reduce production costs.
Product Definition:
A drive inverter is an electronic device that converts direct current (DC) to alternating current (AC). It is used to power electric motors and other devices. The importance of a drive inverter lies in its ability to efficiently convert DC power into AC power, which can then be used to run electric motors or other devices.
AC Drive Inverter:
AC drive inverter is a device that converts the Alternating Current (AC) to Direct Current (DC). The AC power source is usually derived from Utility Power, Solar Power, or another forms of renewable energy. Inverters are used in various sectors such as industrial, residential and commercial applications. They are extensively used in solar systems as they can easily convert the fluctuating DC power supply into a consistent AC supply for proper operation of equipment such as batteries and PV modules.
DC Drive Inverter:
DC drive inverter is a power electronic device which converts the Alternating Current (AC) to Direct Current (DC). It's major applications are in solar power, battery charging and electric vehicles. A DC drive inverter consists of an AC-to-DC convertor which may be a simple switching circuit or a complicated multivibrator with multiple output phases.
Application Insights:
The industrial application segment led the global drive inverter market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for drive inverters in electric vehicles, industrial robotics, material handling systems and agricultural machinery applications. In addition, growing investments by governments for promoting electric vehicle adoption are expected to boost product demand over the coming years.
The commercial application segment accounted for more than 40% of total market share in 2017 owing to rising number of construction projects across developing countries including China, India and Brazil where drive inverters are used as an essential component of power supply system on account of their ability to control multiple drives simultaneously with single controller board which reduces installation cost and complexity significantly as compared with other conventional solutions such as motor-based controllers or PLCs that require numerous sensors & switches before they can be installed on a construction site or within a building structure respectively.
Regional Analysis:
The North American regional market accounted for the largest share in 2017. The growth is attributed to the presence of prominent players such as Siemens AG, Alstom Grid, and General Electric with manufacturing and service facilities in this region. Moreover, increasing adoption of renewable energy sources to curb carbon emissions is a major factor driving industry expansion over the forecast period.
Asia Pacific regional market is anticipated to witness significant growth over the coming years owing to rising demand for clean energy solutions from emerging economies such as China and India along with other countries across Southeast Asia region. Furthermore, growing industrialization coupled with government support towards deployment of electric vehicles will drive industry expansion over next eight years (2018-2030). ‰â€˜Make in India’ initiative by Indian government along with favorable policies aimed at promoting electric vehicles will further boost industry development during forecast period.
Growth Factors:
- Increasing demand for electric vehicles
- Growing awareness about the benefits of using drive inverters
- Rising number of installation projects in the commercial and residential sectors
- Proliferation of innovative technologies that improve the performance and efficiency of drive inverters
- Growing demand from developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Drive Inverter Market Research Report
By Type
AC Drive Inverter, DC Drive Inverter
By Application
Industrial, Commercial, Residential, Others
By Companies
Siemens, Delta Group, Mitsubishi Electric, Hitachi, Sew-Eurodrive, KB Electronics, Omron, Yaskawa, Parker, Gefran, Siemens, Sumitomo Drive Technologies, Lenze Gruppe, Brook Crompton, Fuji Electric, Shenzhen M-Driver Technology, Zhejiang New Folinn Electric
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Drive Inverter Market Report Segments:
The global Drive Inverter market is segmented on the basis of:
Types
AC Drive Inverter, DC Drive 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
Industrial, Commercial, Residential, Others
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
- Delta Group
- Mitsubishi Electric
- Hitachi
- Sew-Eurodrive
- KB Electronics
- Omron
- Yaskawa
- Parker
- Gefran
- Siemens
- Sumitomo Drive Technologies
- Lenze Gruppe
- Brook Crompton
- Fuji Electric
- Shenzhen M-Driver Technology
- Zhejiang New Folinn Electric
Highlights of The Drive 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:
- AC Drive Inverter
- DC Drive Inverter
- By Application:
- Industrial
- Commercial
- Residential
- Others
- 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 Drive 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
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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?
Drive Inverter is a device that converts the direct current (DC) output of an electric vehicle into alternating current (AC) to power your home or office.
Some of the major players in the drive inverter market are Siemens, Delta Group, Mitsubishi Electric, Hitachi, Sew-Eurodrive, KB Electronics, Omron, Yaskawa, Parker, Gefran, Siemens, Sumitomo Drive Technologies, Lenze Gruppe, Brook Crompton, Fuji Electric, Shenzhen M-Driver Technology, Zhejiang New Folinn Electric.
The drive 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 Drive 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 Drive Inverter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drive 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 Drive 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 Drive Inverter Market Size & Forecast, 2020-2028
4.5.1 Drive Inverter Market Size and Y-o-Y Growth
4.5.2 Drive 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 AC Drive Inverter
5.2.2 DC Drive 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 Industrial
6.2.2 Commercial
6.2.3 Residential
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drive 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 Drive 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 AC Drive Inverter
9.6.2 DC Drive 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 Industrial
9.10.2 Commercial
9.10.3 Residential
9.10.4 Others
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 AC Drive Inverter
10.6.2 DC Drive 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 Industrial
10.10.2 Commercial
10.10.3 Residential
10.10.4 Others
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 AC Drive Inverter
11.6.2 DC Drive 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 Industrial
11.10.2 Commercial
11.10.3 Residential
11.10.4 Others
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 AC Drive Inverter
12.6.2 DC Drive 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 Industrial
12.10.2 Commercial
12.10.3 Residential
12.10.4 Others
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 AC Drive Inverter
13.6.2 DC Drive 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 Industrial
13.10.2 Commercial
13.10.3 Residential
13.10.4 Others
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 Drive Inverter Market: Competitive Dashboard
14.2 Global Drive Inverter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Delta Group
14.3.3 Mitsubishi Electric
14.3.4 Hitachi
14.3.5 Sew-Eurodrive
14.3.6 KB Electronics
14.3.7 Omron
14.3.8 Yaskawa
14.3.9 Parker
14.3.10 Gefran
14.3.11 Siemens
14.3.12 Sumitomo Drive Technologies
14.3.13 Lenze Gruppe
14.3.14 Brook Crompton
14.3.15 Fuji Electric
14.3.16 Shenzhen M-Driver Technology
14.3.17 Zhejiang New Folinn Electric
