The global inverter battery market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for electric vehicles and electronic products, which in turn leads to an increase in the demand for inverter batteries. The increasing adoption of renewable energy sources such as solar and wind power also drives the growth of this market.
The global inverter battery market is segmented on the basis of type, application, and region. On the basis of type, it can be divided into under 450W, 4501500W and above 1500W batteries. On the basis of application it can be divided into electronic products, electric cars and household appliances. On the basis of region it can be divided into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- Inverter battery market growth is driven by the increasing demand for inverter batteries in the automotive industry.
- The increasing demand for inverter batteries in the automotive industry is due to the growing number of electric vehicles and hybrid vehicles being sold worldwide.
- The increase in electric vehicle sales has led to an increase in inverter battery production, which has increased competition among manufacturers and suppliers of inverters, leading to lower prices for consumers and a higher profit margin for manufacturers and suppliers of inverters.
- Inverter battery market growth is also driven by the need for backup power sources during natural disasters such as hurricanes, earthquakes, tsunamis, etc, which have been occurring more frequently over recent years due to climate change or other factors that are not yet fully understood by scientists or researchers studying these events.
- Inverter battery market growth is also driven by technological advancements that have led to improvements in energy density (energy storage capacity per unit volume) and power density (power output per unit volume).
Industry Growth Insights published a new data on “Inverter Battery Market”. The research report is titled “Inverter Battery Market research by Types (Under 450W, 450W-1500W, Above 1500W), By Applications (Electronic Products, Electric Cars, Household Appliances, Other), By Players/Companies SMA Solar Technology AG, Xantrex Technology, Okaya, Exide, Duracell PowerMat, Schneider Electric, Amaron Batteries, TATA AutoComp GY Batteries, Sensata Technologies, Mahindra Powerol, Southern Batteries, Enersys”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Inverter Battery Market Research Report
By Type
Under 450W, 450W-1500W, Above 1500W
By Application
Electronic Products, Electric Cars, Household Appliances, Other
By Companies
SMA Solar Technology AG, Xantrex Technology, Okaya, Exide, Duracell PowerMat, Schneider Electric, Amaron Batteries, TATA AutoComp GY Batteries, Sensata Technologies, Mahindra Powerol, Southern Batteries, Enersys
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Inverter Battery Market Report Segments:
The global Inverter Battery market is segmented on the basis of:
Types
Under 450W, 450W-1500W, Above 1500W
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
Electronic Products, Electric Cars, Household Appliances, 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:
- SMA Solar Technology AG
- Xantrex Technology
- Okaya
- Exide
- Duracell PowerMat
- Schneider Electric
- Amaron Batteries
- TATA AutoComp GY Batteries
- Sensata Technologies
- Mahindra Powerol
- Southern Batteries
- Enersys
Highlights of The Inverter Battery 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:
- Under 450W
- 450W-1500W
- Above 1500W
- By Application:
- Electronic Products
- Electric Cars
- Household Appliances
- 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 Inverter Battery 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?
An inverter battery is a type of rechargeable battery that uses an electronic circuit to change direct current (DC) into alternating current (AC). This allows the battery to be used in devices that require AC power, such as electric motors and lights.
Some of the major companies in the inverter battery market are SMA Solar Technology AG, Xantrex Technology, Okaya, Exide, Duracell PowerMat, Schneider Electric, Amaron Batteries, TATA AutoComp GY Batteries, Sensata Technologies, Mahindra Powerol, Southern Batteries, Enersys.
The inverter battery market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Inverter Battery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Inverter Battery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Inverter Battery Market - Supply Chain
4.5. Global Inverter Battery Market Forecast
4.5.1. Inverter Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Inverter Battery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Inverter Battery Market Absolute $ Opportunity
5. Global Inverter Battery Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Inverter Battery Market Size and Volume Forecast by Type
5.3.1. Under 450W
5.3.2. 450W-1500W
5.3.3. Above 1500W
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Inverter Battery Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Inverter Battery Market Size and Volume Forecast by Application
6.3.1. Electronic Products
6.3.2. Electric Cars
6.3.3. Household Appliances
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Inverter Battery Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Inverter Battery Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Inverter Battery Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Inverter Battery Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Inverter Battery Demand Share Forecast, 2019-2026
9. North America Inverter Battery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Inverter Battery Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Inverter Battery Market Size and Volume Forecast by Application
9.4.1. Electronic Products
9.4.2. Electric Cars
9.4.3. Household Appliances
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Inverter Battery Market Size and Volume Forecast by Type
9.7.1. Under 450W
9.7.2. 450W-1500W
9.7.3. Above 1500W
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Inverter Battery Demand Share Forecast, 2019-2026
10. Latin America Inverter Battery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Inverter Battery Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Inverter Battery Market Size and Volume Forecast by Application
10.4.1. Electronic Products
10.4.2. Electric Cars
10.4.3. Household Appliances
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Inverter Battery Market Size and Volume Forecast by Type
10.7.1. Under 450W
10.7.2. 450W-1500W
10.7.3. Above 1500W
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Inverter Battery Demand Share Forecast, 2019-2026
11. Europe Inverter Battery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Inverter Battery Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Inverter Battery Market Size and Volume Forecast by Application
11.4.1. Electronic Products
11.4.2. Electric Cars
11.4.3. Household Appliances
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Inverter Battery Market Size and Volume Forecast by Type
11.7.1. Under 450W
11.7.2. 450W-1500W
11.7.3. Above 1500W
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Markt Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Inverter Battery Demand Share, 2019-2026
12. Asia Pacific Inverter Battery Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Inverter Battery Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Inverter Battery Market Size and Volume Forecast by Application
12.4.1. Electronic Products
12.4.2. Electric Cars
12.4.3. Household Appliances
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Inverter Battery Market Size and Volume Forecast by Type
12.7.1. Under 450W
12.7.2. 450W-1500W
12.7.3. Above 1500W
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Inverter Battery Demand Share, 2019-2026
13. Middle East & Africa Inverter Battery Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Inverter Battery Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Inverter Battery Market Size and Volume Forecast by Application
13.4.1. Electronic Products
13.4.2. Electric Cars
13.4.3. Household Appliances
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Inverter Battery Market Size and Volume Forecast by Type
13.7.1. Under 450W
13.7.2. 450W-1500W
13.7.3. Above 1500W
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Inverter Battery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Inverter Battery Market: Market Share Analysis
14.2. Inverter Battery Distributors and Customers
14.3. Inverter Battery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SMA Solar Technology AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Xantrex Technology
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Okaya
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Exide
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Duracell PowerMat
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schneider Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Amaron Batteries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TATA AutoComp GY Batteries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sensata Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mahindra Powerol
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Southern Batteries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Enersys
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
