Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Power Inverters Industry Market by Type (by Input Voltage, 12 V, 24 V, 200 to 400 V, 300 to 450 V, by Control Type, Power Grid, Solar, Other), By Application (Automotive, Home Use, Industrial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Power Inverters Industry Market by Type (by Input Voltage, 12 V, 24 V, 200 to 400 V, 300 to 450 V, by Control Type, Power Grid, Solar, Other), By Application (Automotive, Home Use, Industrial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 208151 3300 Electronics & Semiconductor 377 246 Pages 4.7 (43)
                                          

The global power inverters market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for electric vehicles and renewable energy sources such as solar and wind power. The increasing demand for electric vehicles is due to their low emission levels, which are better than those of conventional vehicles. In addition, the growing need for renewable energy sources such as solar and wind power is also driving the growth of this market. The global power inverters market by type includes 12 V, 24 V, 200-400 V, 300-450 V and others (200-400V). The 12V segment accounted for a share of over 50% in 2017 owing to its wide application in automotive industry. However, it is expected that 24V will witness fastest growth during the forecast period owing to its wide application in home use applications such as air conditioners and refrigerators among others. The global power inverters market by control type includes grid control (AC), solar control (DC) and others (AC/DC). Grid control accounted for over 50% share in 2017 due to its wide application across various industries including automotive industry among others while DC accounted for less than 10%. Solar control segment is expected to witness fastest growth during the forecast period owing to its wide application across various industries including residential sector among others.

Some Of The Growth Factors Of This Market:

  1. The Power Inverters Industry is driven by the need for power in remote areas, and the increasing demand for renewable energy sources.
  2. The Power Inverters Industry is also driven by the need to reduce carbon emissions and increase efficiency in power generation.
  3. Increasing demand for electric vehicles will also drive growth in this industry.
  4. Increasing use of solar panels will also drive growth.

Industry Growth Insights published a new data on “Power Inverters Industry Market”. The research report is titled “Power Inverters Industry Market research by Types (by Input Voltage, 12 V, 24 V, 200 to 400 V, 300 to 450 V, by Control Type, Power Grid, Solar, Other), By Applications (Automotive, Home Use, Industrial), By Players/Companies ABB, Siemens, Akowa Electronics, TDK-Lambda, Mascot, Mean Well USA, TE Connectivity, Custom Power Design, Tektronix, Tripp Lite, Schaffner, Pico Technology, Bel Power Solutions”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Power Inverters Industry Market Research Report

By Type

by Input Voltage, 12 V, 24 V, 200 to 400 V, 300 to 450 V, by Control Type, Power Grid, Solar, Other

By Application

Automotive, Home Use, Industrial

By Companies

ABB, Siemens, Akowa Electronics, TDK-Lambda, Mascot, Mean Well USA, TE Connectivity, Custom Power Design, Tektronix, Tripp Lite, Schaffner, Pico Technology, Bel Power Solutions

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

246

Number of Tables & Figures

173

Customization Available

Yes, the report can be customized as per your need.


Global Power Inverters Industry Industry Outlook


Global Power Inverters Industry Market Report Segments:

The global Power Inverters Industry market is segmented on the basis of:

Types

by Input Voltage, 12 V, 24 V, 200 to 400 V, 300 to 450 V, by Control Type, Power Grid, Solar, Other

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

Automotive, Home Use, Industrial

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:

  1. ABB
  2. Siemens
  3. Akowa Electronics
  4. TDK-Lambda
  5. Mascot
  6. Mean Well USA
  7. TE Connectivity
  8. Custom Power Design
  9. Tektronix
  10. Tripp Lite
  11. Schaffner
  12. Pico Technology
  13. Bel Power Solutions

Global Power Inverters Industry Market Overview


Highlights of The Power Inverters Industry Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. by Input Voltage
    2. 12 V
    3. 24 V
    4. 200 to 400 V
    5. 300 to 450 V
    6. by Control Type
    7. Power Grid
    8. Solar
    9. Other
  1. By Application:

    1. Automotive
    2. Home Use
    3. Industrial
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Power Inverters Industry 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

Global Power Inverters Industry Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


The power inverters industry is a $27.5 billion global market that employs over 150,000 people. The industry produces and sells electrical equipment that converts direct current (DC) into alternating current (AC). Power inverters are used to power devices such as computers, medical equipment, appliances and vehicles.

Some of the major companies in the power inverters industry market are ABB, Siemens, Akowa Electronics, TDK-Lambda, Mascot, Mean Well USA, TE Connectivity, Custom Power Design, Tektronix, Tripp Lite, Schaffner, Pico Technology, Bel Power Solutions.

The power inverters industry market is expected to register a CAGR of 6.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Power Inverters Industry 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. Power Inverters Industry Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Power Inverters Industry Market - Supply Chain
   4.5. Global Power Inverters Industry Market Forecast
      4.5.1. Power Inverters Industry Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Power Inverters Industry Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Power Inverters Industry Market Absolute $ Opportunity

5. Global Power Inverters Industry 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. Power Inverters Industry Market Size and Volume Forecast by Type
      5.3.1. by Input Voltage
      5.3.2. 12 V
      5.3.3. 24 V
      5.3.4. 200 to 400 V
      5.3.5. 300 to 450 V
      5.3.6. by Control Type
      5.3.7. Power Grid
      5.3.8. Solar
      5.3.9. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Power Inverters Industry 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. Power Inverters Industry Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Home Use
      6.3.3. Industrial
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Power Inverters Industry 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. Power Inverters Industry 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 Power Inverters Industry 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. Power Inverters Industry 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 Power Inverters Industry Demand Share Forecast, 2019-2026

9. North America Power Inverters Industry 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 Power Inverters Industry 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 Power Inverters Industry Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Home Use
      9.4.3. Industrial
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Power Inverters Industry Market Size and Volume Forecast by Type
      9.7.1. by Input Voltage
      9.7.2. 12 V
      9.7.3. 24 V
      9.7.4. 200 to 400 V
      9.7.5. 300 to 450 V
      9.7.6. by Control Type
      9.7.7. Power Grid
      9.7.8. Solar
      9.7.9. Other
   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 Power Inverters Industry Demand Share Forecast, 2019-2026

10. Latin America Power Inverters Industry 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 Power Inverters Industry 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 Power Inverters Industry Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Home Use
      10.4.3. Industrial
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Power Inverters Industry Market Size and Volume Forecast by Type
      10.7.1. by Input Voltage
      10.7.2. 12 V
      10.7.3. 24 V
      10.7.4. 200 to 400 V
      10.7.5. 300 to 450 V
      10.7.6. by Control Type
      10.7.7. Power Grid
      10.7.8. Solar
      10.7.9. Other
   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 Power Inverters Industry Demand Share Forecast, 2019-2026

11. Europe Power Inverters Industry 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 Power Inverters Industry 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 Power Inverters Industry Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Home Use
      11.4.3. Industrial
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Power Inverters Industry Market Size and Volume Forecast by Type
      11.7.1. by Input Voltage
      11.7.2. 12 V
      11.7.3. 24 V
      11.7.4. 200 to 400 V
      11.7.5. 300 to 450 V
      11.7.6. by Control Type
      11.7.7. Power Grid
      11.7.8. Solar
      11.7.9. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market 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 Power Inverters Industry Demand Share, 2019-2026

12. Asia Pacific Power Inverters Industry 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 Power Inverters Industry 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 Power Inverters Industry Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Home Use
      12.4.3. Industrial
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Power Inverters Industry Market Size and Volume Forecast by Type
      12.7.1. by Input Voltage
      12.7.2. 12 V
      12.7.3. 24 V
      12.7.4. 200 to 400 V
      12.7.5. 300 to 450 V
      12.7.6. by Control Type
      12.7.7. Power Grid
      12.7.8. Solar
      12.7.9. Other
   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 Power Inverters Industry Demand Share, 2019-2026

13. Middle East & Africa Power Inverters Industry 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 Power Inverters Industry 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 Power Inverters Industry Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Home Use
      13.4.3. Industrial
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Power Inverters Industry Market Size and Volume Forecast by Type
      13.7.1. by Input Voltage
      13.7.2. 12 V
      13.7.3. 24 V
      13.7.4. 200 to 400 V
      13.7.5. 300 to 450 V
      13.7.6. by Control Type
      13.7.7. Power Grid
      13.7.8. Solar
      13.7.9. Other
   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 Power Inverters Industry Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Power Inverters Industry Market: Market Share Analysis
   14.2. Power Inverters Industry Distributors and Customers
   14.3. Power Inverters Industry Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. ABB
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Siemens
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Akowa Electronics
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. TDK-Lambda
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Mascot
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Mean Well USA
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. TE Connectivity
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Custom Power Design
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Tektronix
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Tripp Lite
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Schaffner
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Pico Technology
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Bel Power Solutions
         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

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