Market Overview:
The global power converters and inverters market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for renewable energy sources, such as solar and wind energy, across the globe. In addition, the growing demand for electric vehicles (EVs) is also contributing to the growth of this market. Based on type, the global power converters and inverters market can be segmented into 12 VDC input voltage inverter, 24 and 48 VDC input voltage inverter, 200 To 400 VDC input voltage inverter, 300 To 450 VDC input voltage invertor,, above 450 VDC input voltage invertor,. Based on application, the global power converters and invertors market can be segmented into DC power source usage,, uninterruptible power supplies (UPS), electric motor speed control,, powe grid,, solar photovoltaic (PV), induction heating,, others,.
Product Definition:
Power converters and inverters are devices that convert one form of electrical energy into another. They are used to change the voltage of a power source, or to change the frequency of an alternating current (AC) signal. Power converters and inverters are important because they allow us to use different types of electrical energy in our homes and businesses.
12 VDC Input Voltage Inverter:
12VDC input voltage inverter is a power supply device that converts the fluctuating 12V DC power to lower 5V DC or AC. It's major applications are in solar panels, battery chargers, and other electronic devices. The product has gained significant market share owing to its ability to charge any rechargeable battery including NiMH & NiCD batteries of digital cameras and mobile phones even if they are outside the normal charging range.
24 and 48 VDC Input Voltage Inverter:
The 24 and 48 VDC input voltage inverter is a switching power supply used to convert the range of AC voltages between 24VDC and 48VDC. It can be used in various applications such as solar systems, battery chargers, uninterruptible power supplies (UPS), portable devices or other electronic products that require low input voltage.
Application Insights:
The electric motor speed control segment accounted for the largest market share 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 electric motors across various industrial applications such as HVAC, pumps, compressors and turbines. In addition, growing demand from commercial and residential consumers is expected to boost industry growth over the coming years.
Power grid application segment was one of the prominent segments in 2017 owing to rapid industrialization coupled with urbanization leading to increased electricity needs across countries including India China Brazil Japan Argentina Mexico Saudi Arabia etcetera which are trying their best efforts towards establishing power grids thereby supporting industry expansion over the coming years.
Regional Analysis:
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing demand for clean energy and sustainable development. The growing industrialization, coupled with rising electricity consumption, is expected to drive the APAC market in near future. Moreover, improving economic conditions are also likely to contribute toward industry growth over the next eight years.
The European power converters and inverters market was valued at USD X million in 2017 as this region has a well-established infrastructure of manufacturing facilities for electrical & electronics products such as transformers and inductors used across various industries including automotive, aerospace etc., which requires high-quality DC power supply systems along with their associated components throughout their life cycle.
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 power converters and inverters, as these are used in electric vehicles to convert DC power into AC power.
- Rising demand from renewable energy sources: Renewable energy sources such as solar and wind are becoming increasingly popular due to their environmental benefits and cost-effectiveness. This is leading to an increase in the demand for power converters and inverters, which are used to convert DC into AC power so that it can be used by renewable energy systems.
- Growing popularity of smart homes: The global market for smart homes is expected to grow at a CAGR of more than 30% during the forecast period. This will lead to an increase in the demand for Power Converters And Inverterss, as they are essential components of smart home systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Converters and Inverters Market Research Report
By Type
12 VDC Input Voltage Inverter, 24 and 48 VDC Input Voltage Inverter, 200 To 400 VDC Input Voltage Inverter, 300 To 450 VDC Input Voltage Inverter, Above 450 VDC Input Voltage Inverter
By Application
DC Power Source Usage, Uninterruptible Power Supplies, Electric Motor Speed Control, Power Grid, Solar, Induction Heating, Others
By Companies
SMA, ABB, AdvancedEnergy, EnphaseEnergy, SolarEdge, SchnriderElectric, Power Electronics, Fronius, Power-One, KACO
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Power Converters and Inverters Market Report Segments:
The global Power Converters and Inverters market is segmented on the basis of:
Types
12 VDC Input Voltage Inverter, 24 and 48 VDC Input Voltage Inverter, 200 To 400 VDC Input Voltage Inverter, 300 To 450 VDC Input Voltage Inverter, Above 450 VDC Input Voltage 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
DC Power Source Usage, Uninterruptible Power Supplies, Electric Motor Speed Control, Power Grid, Solar, Induction Heating, 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:
- SMA
- ABB
- AdvancedEnergy
- EnphaseEnergy
- SolarEdge
- SchnriderElectric
- Power Electronics
- Fronius
- Power-One
- KACO
Highlights of The Power Converters and 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:
- 12 VDC Input Voltage Inverter
- 24 and 48 VDC Input Voltage Inverter
- 200 To 400 VDC Input Voltage Inverter
- 300 To 450 VDC Input Voltage Inverter
- Above 450 VDC Input Voltage Inverter
- By Application:
- DC Power Source Usage
- Uninterruptible Power Supplies
- Electric Motor Speed Control
- Power Grid
- Solar
- Induction Heating
- 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 Power Converters and 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 power converter is a device that changes the voltage of AC (alternating current) to DC (direct current). An inverter is a device that changes the polarity of DC to AC.
Some of the key players operating in the power converters and inverters market are SMA, ABB, AdvancedEnergy, EnphaseEnergy, SolarEdge, SchnriderElectric, Power Electronics, Fronius, Power-One, KACO.
The power converters and inverters 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 Power Converters and 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 Power Converters and Inverters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Converters and 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 Power Converters and 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 Power Converters and Inverters Market Size & Forecast, 2018-2028
4.5.1 Power Converters and Inverters Market Size and Y-o-Y Growth
4.5.2 Power Converters and Inverters Market Absolute $ Opportunity
Chapter 5 Global Power Converters and 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 Power Converters and Inverters Market Size Forecast by Type
5.2.1 12 VDC Input Voltage Inverter
5.2.2 24 and 48 VDC Input Voltage Inverter
5.2.3 200 To 400 VDC Input Voltage Inverter
5.2.4 300 To 450 VDC Input Voltage Inverter
5.2.5 Above 450 VDC Input Voltage Inverter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Converters and 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 Power Converters and Inverters Market Size Forecast by Applications
6.2.1 DC Power Source Usage
6.2.2 Uninterruptible Power Supplies
6.2.3 Electric Motor Speed Control
6.2.4 Power Grid
6.2.5 Solar
6.2.6 Induction Heating
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Converters and 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 Power Converters and 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 Power Converters and Inverters Analysis and Forecast
9.1 Introduction
9.2 North America Power Converters and 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 Power Converters and Inverters Market Size Forecast by Type
9.6.1 12 VDC Input Voltage Inverter
9.6.2 24 and 48 VDC Input Voltage Inverter
9.6.3 200 To 400 VDC Input Voltage Inverter
9.6.4 300 To 450 VDC Input Voltage Inverter
9.6.5 Above 450 VDC Input Voltage 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 Power Converters and Inverters Market Size Forecast by Applications
9.10.1 DC Power Source Usage
9.10.2 Uninterruptible Power Supplies
9.10.3 Electric Motor Speed Control
9.10.4 Power Grid
9.10.5 Solar
9.10.6 Induction Heating
9.10.7 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 Power Converters and Inverters Analysis and Forecast
10.1 Introduction
10.2 Europe Power Converters and 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 Power Converters and Inverters Market Size Forecast by Type
10.6.1 12 VDC Input Voltage Inverter
10.6.2 24 and 48 VDC Input Voltage Inverter
10.6.3 200 To 400 VDC Input Voltage Inverter
10.6.4 300 To 450 VDC Input Voltage Inverter
10.6.5 Above 450 VDC Input Voltage 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 Power Converters and Inverters Market Size Forecast by Applications
10.10.1 DC Power Source Usage
10.10.2 Uninterruptible Power Supplies
10.10.3 Electric Motor Speed Control
10.10.4 Power Grid
10.10.5 Solar
10.10.6 Induction Heating
10.10.7 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 Power Converters and Inverters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Converters and 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 Power Converters and Inverters Market Size Forecast by Type
11.6.1 12 VDC Input Voltage Inverter
11.6.2 24 and 48 VDC Input Voltage Inverter
11.6.3 200 To 400 VDC Input Voltage Inverter
11.6.4 300 To 450 VDC Input Voltage Inverter
11.6.5 Above 450 VDC Input Voltage 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 Power Converters and Inverters Market Size Forecast by Applications
11.10.1 DC Power Source Usage
11.10.2 Uninterruptible Power Supplies
11.10.3 Electric Motor Speed Control
11.10.4 Power Grid
11.10.5 Solar
11.10.6 Induction Heating
11.10.7 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 Power Converters and Inverters Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Converters and 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 Power Converters and Inverters Market Size Forecast by Type
12.6.1 12 VDC Input Voltage Inverter
12.6.2 24 and 48 VDC Input Voltage Inverter
12.6.3 200 To 400 VDC Input Voltage Inverter
12.6.4 300 To 450 VDC Input Voltage Inverter
12.6.5 Above 450 VDC Input Voltage 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 Power Converters and Inverters Market Size Forecast by Applications
12.10.1 DC Power Source Usage
12.10.2 Uninterruptible Power Supplies
12.10.3 Electric Motor Speed Control
12.10.4 Power Grid
12.10.5 Solar
12.10.6 Induction Heating
12.10.7 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) Power Converters and Inverters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Converters and 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) Power Converters and Inverters Market Size Forecast by Type
13.6.1 12 VDC Input Voltage Inverter
13.6.2 24 and 48 VDC Input Voltage Inverter
13.6.3 200 To 400 VDC Input Voltage Inverter
13.6.4 300 To 450 VDC Input Voltage Inverter
13.6.5 Above 450 VDC Input Voltage 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) Power Converters and Inverters Market Size Forecast by Applications
13.10.1 DC Power Source Usage
13.10.2 Uninterruptible Power Supplies
13.10.3 Electric Motor Speed Control
13.10.4 Power Grid
13.10.5 Solar
13.10.6 Induction Heating
13.10.7 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 Power Converters and Inverters Market: Competitive Dashboard
14.2 Global Power Converters and Inverters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SMA
14.3.2 ABB
14.3.3 AdvancedEnergy
14.3.4 EnphaseEnergy
14.3.5 SolarEdge
14.3.6 SchnriderElectric
14.3.7 Power Electronics
14.3.8 Fronius
14.3.9 Power-One
14.3.10 KACO
