Market Overview:
The global low voltage inverters 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 energy-efficient appliances and consumer electronics products, rising automotive sales, and growing industrial sector. In terms of type, the 220V segment is expected to hold the largest share in the global low voltage inverters market during the forecast period. This can be attributed to its high adoption in residential applications across all regions.
Product Definition:
A low voltage inverter is a device that converts direct current (DC) to alternating current (AC). Low voltage inverters are important for many reasons. First, they allow devices that require AC power to run on DC power from batteries or solar panels. Second, they can help stabilize the electrical grid by providing backup power during outages. Finally, they can increase the efficiency of energy systems by converting DC to AC before it is used.
220V:
The 220V is the common power supply voltage used in the low voltage inverters. It has a wide application range in various sectors such as commercial, industrial and residential. The growing construction sector across the globe is expected to be one of the key factors driving market growth over the forecast period.
The increasing demand for electricity from electronic equipment such as computers, laptops, LED lights.
380V:
The inverter output voltage is the electrical potential that causes the connected equipment to perform a desired function. The greater the difference between input and output voltages, generally, the more difficult it becomes to operate various appliances.
380V is used in low voltage inverters as it provides an optimum level of power required for operating devices such as air conditioners, refrigerators and others.
Application Insights:
The global low voltage inverters market has been segmented on the basis of application into appliances, consumer electronics, automotive and industrial. The industrial segment held a major share in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand for power supply for various equipment from manufacturing facilities, commercial buildings and residential areas.
The growing manufacturing sector in emerging economies such as China India Japan is anticipated to augment industry growth over the forecast period. In addition, stringent government regulations regarding electricity safety are also likely to fuel product demand across all applications globally thereby driving the overall industry growth during the estimated time frame.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and consumer electronics production in the region. The growing adoption of LED lighting in countries such as China, India, Japan, and South Korea is also driving the demand for LV inverters in this region. Furthermore, rising investments by companies such as Siemens AG; Alstom Grid; ABB Ltd.; General Electric; Toshiba Corporation; Samsung Group Co., Ltd.; LG Electronics Inc.; and SKYworth Limited are anticipated to drive product demand further.
North America occupied a significant share within the global market space owing to early technological adoption coupled with high disposable income of consumers in this region. However, stringent government regulations regarding energy consumption may hinder growth over the forecast period.
Growth Factors:
- Increasing demand for energy-efficient appliances
- Rising popularity of solar and wind power systems
- Proliferation of smart grid technology
- Growing investment in renewable energy sources
- Stringent government regulations to promote use of low voltage inverters
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Inverters Market Research Report
By Type
220V, 380V, 440V, Others
By Application
Appliances, Consumer Electronics, Automotive, Industrial, Other
By Companies
ABB, Siemens, Yaskawa, Inovance, Schneider, Delta, Emerson, Danfoss, Mitsubishi, Fuji, ABB, Suniland, Hitech, ON Semiconductor, Hitachi, Fuji Electric, INVT, ON Semiconductor, Myers, Reivax, Slanvert, Veichi 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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Inverters Market Report Segments:
The global Low Voltage Inverters market is segmented on the basis of:
Types
220V, 380V, 440V, Others
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
Appliances, Consumer Electronics, Automotive, Industrial, 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:
- ABB
- Siemens
- Yaskawa
- Inovance
- Schneider
- Delta
- Emerson
- Danfoss
- Mitsubishi
- Fuji
- ABB
- Suniland
- Hitech
- ON Semiconductor
- Hitachi
- Fuji Electric
- INVT
- ON Semiconductor
- Myers
- Reivax
- Slanvert
- Veichi Electric
Highlights of The Low Voltage 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:
- 220V
- 380V
- 440V
- Others
- By Application:
- Appliances
- Consumer Electronics
- Automotive
- Industrial
- 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 Low Voltage 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.
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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?
Low voltage inverters are devices that convert low voltage AC power into high voltage DC power. They are used to provide backup power for electronic equipment, such as computers and medical equipment.
Some of the key players operating in the low voltage inverters market are ABB, Siemens, Yaskawa, Inovance, Schneider, Delta, Emerson, Danfoss, Mitsubishi, Fuji, ABB, Suniland, Hitech, ON Semiconductor, Hitachi, Fuji Electric, INVT, ON Semiconductor, Myers, Reivax, Slanvert, Veichi Electric.
The low voltage inverters 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 Low Voltage 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 Low Voltage Inverters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Voltage 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 Low Voltage 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 Low Voltage Inverters Market Size & Forecast, 2018-2028
4.5.1 Low Voltage Inverters Market Size and Y-o-Y Growth
4.5.2 Low Voltage Inverters Market Absolute $ Opportunity
Chapter 5 Global Low Voltage 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 Low Voltage Inverters Market Size Forecast by Type
5.2.1 220V
5.2.2 380V
5.2.3 440V
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low Voltage 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 Low Voltage Inverters Market Size Forecast by Applications
6.2.1 Appliances
6.2.2 Consumer Electronics
6.2.3 Automotive
6.2.4 Industrial
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Voltage 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 Low Voltage 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 Low Voltage Inverters Analysis and Forecast
9.1 Introduction
9.2 North America Low Voltage 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 Low Voltage Inverters Market Size Forecast by Type
9.6.1 220V
9.6.2 380V
9.6.3 440V
9.6.4 Others
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 Low Voltage Inverters Market Size Forecast by Applications
9.10.1 Appliances
9.10.2 Consumer Electronics
9.10.3 Automotive
9.10.4 Industrial
9.10.5 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 Low Voltage Inverters Analysis and Forecast
10.1 Introduction
10.2 Europe Low Voltage 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 Low Voltage Inverters Market Size Forecast by Type
10.6.1 220V
10.6.2 380V
10.6.3 440V
10.6.4 Others
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 Low Voltage Inverters Market Size Forecast by Applications
10.10.1 Appliances
10.10.2 Consumer Electronics
10.10.3 Automotive
10.10.4 Industrial
10.10.5 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 Low Voltage Inverters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low Voltage 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 Low Voltage Inverters Market Size Forecast by Type
11.6.1 220V
11.6.2 380V
11.6.3 440V
11.6.4 Others
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 Low Voltage Inverters Market Size Forecast by Applications
11.10.1 Appliances
11.10.2 Consumer Electronics
11.10.3 Automotive
11.10.4 Industrial
11.10.5 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 Low Voltage Inverters Analysis and Forecast
12.1 Introduction
12.2 Latin America Low Voltage 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 Low Voltage Inverters Market Size Forecast by Type
12.6.1 220V
12.6.2 380V
12.6.3 440V
12.6.4 Others
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 Low Voltage Inverters Market Size Forecast by Applications
12.10.1 Appliances
12.10.2 Consumer Electronics
12.10.3 Automotive
12.10.4 Industrial
12.10.5 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) Low Voltage Inverters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low Voltage 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) Low Voltage Inverters Market Size Forecast by Type
13.6.1 220V
13.6.2 380V
13.6.3 440V
13.6.4 Others
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) Low Voltage Inverters Market Size Forecast by Applications
13.10.1 Appliances
13.10.2 Consumer Electronics
13.10.3 Automotive
13.10.4 Industrial
13.10.5 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 Low Voltage Inverters Market: Competitive Dashboard
14.2 Global Low Voltage Inverters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Yaskawa
14.3.4 Inovance
14.3.5 Schneider
14.3.6 Delta
14.3.7 Emerson
14.3.8 Danfoss
14.3.9 Mitsubishi
14.3.10 Fuji
14.3.11 ABB
14.3.12 Suniland
14.3.13 Hitech
14.3.14 ON Semiconductor
14.3.15 Hitachi
14.3.16 Fuji Electric
14.3.17 INVT
14.3.18 ON Semiconductor
14.3.19 Myers
14.3.20 Reivax
14.3.21 Slanvert
14.3.22 Veichi Electric
