Market Overview:
The global Modified Sine Wave DC-AC Inverters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and reliable power solutions across various applications. Additionally, the growing awareness about renewable energy sources is also propelling the demand for Modified Sine Wave DC-AC Inverters in the global market. Based on type, Low-Voltage (LV) Modified Sine Wave DC-AC Inverters accounted for a major share of the global market in 2017 and is projected to maintain its dominance during the forecast period as well. This can be attributed to their low cost and easy installation as compared to other types of inverters available in the market.
Product Definition:
A Modified Sine Wave DC-AC Inverter is an electronic device that converts direct current (DC) to alternating current (AC). This type of inverter is important because it can be used to power appliances and equipment that require AC power, but do not work with standard DC power.
Low-Voltage:
Low-voltage (LV) AC inverters are used to convert the low voltage DC current from one circuit to another with a modified sine waveform. The output of an LVAC is connected to the input of another device or system through switch mode power supply, step-down transformer, linear regulator or a combination of these.
Medium-Voltage:
Modified Sine Wave DC-AC Inverters or Medium-Voltage (MVDC) inverter is a type of electric power plant which utilizes the principle of sine wave to convert the AC input power into DC and then back to AC for distribution. The name medium voltage comes from its working voltage range between 0 - 300 volts.
Application Insights:
The industry can be classified on the basis of application into industrial, architecture, and others. The other applications include healthcare, education buildings, commercial offices/shops/malls etc. DC-AC inverters find application in medical imaging machines for providing clean power to sensitive electronic equipment such as thermometers and blood flowmeters used in cardiovascular procedures. They are also used in UPS systems for protecting computer networks and communication equipment from outages caused by power failures.
DC-AC converters are widely utilized across industries including oil & gas; manufacturing; data centers; cement; pulp & paper etc., owing to their ability to reduce energy costs while improving operational efficiency significantly over the past few years across various end-use segments globally with rising demand for green technologies that minimize environmental impact without compromising with performance requirements at a reasonable cost is anticipated to continue driving growth over the forecast period future.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and infrastructure development in emerging economies, such as China and India. Increasing number of construction projects in these countries is also likely to contribute toward industry growth.
The Middle East & Africa market is anticipated to witness significant growth over the next eight years owing to rising demand for DC-AC inverters from oil & gas, water treatment, mining exploration, military applications among others. The growing tourism sector will further drive demand for MMSW DC-AC inverters in this region since they are used for lighting purposes at resorts and restaurants among other places of interest across Dubai’s manmade islands known as Palm Jumeirah, World Islands, etc., which are operated by Dubai Tourism Authority (DTA).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives and subsidies for installation of solar power systems
- Rising prices of conventional energy sources
- Technological advancements in inverter design and manufacturing process
- Growing awareness about the benefits of using solar energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Modified Sine Wave DC-AC Inverters Market Research Report
By Type
Low-Voltage, Medium-Voltage, High-Voltage
By Application
Industrial, Architecture, Others
By Companies
Mersen - Electrical Power, ABB, Schneider Electric, Eaton, Siemens, Legrand, Hoffman, Socomec, Lovato, Littelfuse, Fritz Driescher & Söhne GmbH, SCHNEIDER ELECTRIC, Santon, SOCOMEC, SCAME PARRE S.p.A., Doepke Schaltgeräte GmbH
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Modified Sine Wave DC-AC Inverters Market Report Segments:
The global Modified Sine Wave DC-AC Inverters 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, Architecture, 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:
- Mersen - Electrical Power
- ABB
- Schneider Electric
- Eaton
- Siemens
- Legrand
- Hoffman
- Socomec
- Lovato
- Littelfuse
- Fritz Driescher & Söhne GmbH
- SCHNEIDER ELECTRIC
- Santon
- SOCOMEC
- SCAME PARRE S.p.A.
- Doepke Schaltgeräte GmbH
Highlights of The Modified Sine Wave DC-AC 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:
- Low-Voltage
- Medium-Voltage
- High-Voltage
- By Application:
- Industrial
- Architecture
- 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 Modified Sine Wave DC-AC 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
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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?
A Modified Sine Wave DC-AC inverter is a type of power inverter that uses modified sine waves to produce AC power. Modified sine waves are created by altering the frequency of the alternating current (AC) signal, which makes them more efficient and less likely to cause interference. This makes Modified Sine Wave DC-AC inverters an ideal choice for use in areas with high levels of electromagnetic interference (EMI).
Some of the major companies in the modified sine wave dc-ac inverters market are Mersen - Electrical Power, ABB, Schneider Electric, Eaton, Siemens, Legrand, Hoffman, Socomec, Lovato, Littelfuse, Fritz Driescher & S¶hne GmbH, SCHNEIDER ELECTRIC, Santon, SOCOMEC, SCAME PARRE S.p.A., Doepke Schaltger¤te GmbH.
The modified sine wave dc-ac inverters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modified Sine Wave DC-AC 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 Modified Sine Wave DC-AC Inverters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Modified Sine Wave DC-AC 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 Modified Sine Wave DC-AC 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 Modified Sine Wave DC-AC Inverters Market Size & Forecast, 2020-2028
4.5.1 Modified Sine Wave DC-AC Inverters Market Size and Y-o-Y Growth
4.5.2 Modified Sine Wave DC-AC Inverters 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 Architecture
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modified Sine Wave DC-AC 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 Modified Sine Wave DC-AC 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 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 Architecture
9.10.3 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 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 Architecture
10.10.3 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 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 Architecture
11.10.3 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 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 Architecture
12.10.3 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 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 Architecture
13.10.3 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 Modified Sine Wave DC-AC Inverters Market: Competitive Dashboard
14.2 Global Modified Sine Wave DC-AC Inverters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mersen - Electrical Power
14.3.2 ABB
14.3.3 Schneider Electric
14.3.4 Eaton
14.3.5 Siemens
14.3.6 Legrand
14.3.7 Hoffman
14.3.8 Socomec
14.3.9 Lovato
14.3.10 Littelfuse
14.3.11 Fritz Driescher & Söhne GmbH
14.3.12 SCHNEIDER ELECTRIC
14.3.13 Santon
14.3.14 SOCOMEC
14.3.15 SCAME PARRE S.p.A.
14.3.16 Doepke Schaltgeräte GmbH
