Market Overview:
The global wind inverters market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing demand for renewable energy sources, government initiatives and subsidies for installation of wind turbines, and technological advancements. The global wind inverters market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into single phase inverter and three phase inverter. On the basis of application, the market is segmented into residential use, commercial use, and others. The Others segment includes industrial applications and off-grid applications. Geographically, the global wind inverters market is divided into North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China India Japan South Korea Australia New Zealand) Middle East & Africa (South Africa Saudi Arabia UAE Qatar Bahrain Kuwait Oman).
Product Definition:
A wind inverter is a device that converts the kinetic energy of the wind into electrical energy. The electrical energy can then be used to power devices or stored in batteries for later use. Wind inverters are important because they allow people to use renewable energy sources like wind to power their homes or businesses.
Single Phase Inverter:
Single-phase inverter is a type of electric generator which produces Alternating Current (AC). Single-phase inverters are used in small scale applications, where power requirements are up to 1.5 kVA. They have less number of windings and hence produce lower voltage than the three-phase variants.
The single phase variant has only one switch which controls the entire switching frequency.
Three Phase Inverter:
A three-phase inverter is a type of electric power Inverter which uses three conductors to generate an electrical signal. The inverters are used in various types of equipment such as wind turbines, UPS systems, and industrial applications. A Three Phase Inverter consists of a mainframe, controls & sensors and multiple output terminals connected by insulated cables.
Application Insights:
The commercial use segment dominated the global wind inverters market, accounting for more than 45% of the revenue share in 2017. The growth can be attributed to growing investments by companies in order to meet rising demand from industrial and commercial sectors. For instance, Siemens Energy has announced plans to invest USD 250 million over the next four years in order expand its presence across Africa through new projects and initiatives such as Power Africa initiative of ¢â‚¬Å“Obama Foundation¢â‚¬ which is a part of their vision for 2030 where they have stated their target to bring electricity access to nearly 50 million homes that are currently without power across sub-Saharan Africa.
The residential use segment is expected register a CAGR exceeding 10% from 2018 to 2030 owingto increasing government support towards installation of energy efficient products such as air conditioners.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing government support for promoting renewable energy sources, such as wind power, across the globe. For instance, China has set a target of installing at least 20 GW capacity of offshore and land-based wind power by 2020. Moreover, growing awareness regarding environmental protection is anticipated to drive demand over the next eight years.
Europe was another major contributor in terms of revenue share in 2017 owing to high penetration rates across several countries such as Germany (20%+), U.K.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources
- Reduction in the cost of wind turbines and inverters, making them more affordable for consumers
- Technological advancements that improve the efficiency and performance of wind inverters
- Growing awareness about the benefits of using renewable energy sources, such as wind power
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Inverters Market Research Report
By Type
Single Phase Inverter, Three Phase Inverter, Others
By Application
Residential Use, Commercial Use, Others
By Companies
ABB, Schneider, Advanced Energy Industries, Growatt, Sungrow, Huawei
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 Wind Inverters Market Report Segments:
The global Wind Inverters market is segmented on the basis of:
Types
Single Phase Inverter, Three Phase Inverter, 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
Residential Use, Commercial Use, 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:
- ABB
- Schneider
- Advanced Energy Industries
- Growatt
- Sungrow
- Huawei
Highlights of The Wind 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:
- Single Phase Inverter
- Three Phase Inverter
- Others
- By Application:
- Residential Use
- Commercial Use
- 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 Wind 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?
Wind inverters are a type of power inverter that convert wind energy into usable electricity. They can be used to power small devices like lights or radios, or to provide backup power when the grid goes down.
Some of the major companies in the wind inverters market are ABB, Schneider, Advanced Energy Industries, Growatt, Sungrow, Huawei.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wind Inverters 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. Wind Inverters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wind Inverters Market - Supply Chain
4.5. Global Wind Inverters Market Forecast
4.5.1. Wind Inverters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wind Inverters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wind Inverters Market Absolute $ Opportunity
5. Global Wind Inverters 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. Wind Inverters Market Size and Volume Forecast by Type
5.3.1. Single Phase Inverter
5.3.2. Three Phase Inverter
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wind Inverters 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. Wind Inverters Market Size and Volume Forecast by Application
6.3.1. Residential Use
6.3.2. Commercial Use
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wind Inverters 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. Wind Inverters 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 Wind Inverters 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. Wind Inverters 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 Wind Inverters Demand Share Forecast, 2019-2026
9. North America Wind Inverters 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 Wind Inverters 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 Wind Inverters Market Size and Volume Forecast by Application
9.4.1. Residential Use
9.4.2. Commercial Use
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wind Inverters Market Size and Volume Forecast by Type
9.7.1. Single Phase Inverter
9.7.2. Three Phase Inverter
9.7.3. Others
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 Wind Inverters Demand Share Forecast, 2019-2026
10. Latin America Wind Inverters 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 Wind Inverters 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 Wind Inverters Market Size and Volume Forecast by Application
10.4.1. Residential Use
10.4.2. Commercial Use
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wind Inverters Market Size and Volume Forecast by Type
10.7.1. Single Phase Inverter
10.7.2. Three Phase Inverter
10.7.3. Others
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 Wind Inverters Demand Share Forecast, 2019-2026
11. Europe Wind Inverters 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 Wind Inverters 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 Wind Inverters Market Size and Volume Forecast by Application
11.4.1. Residential Use
11.4.2. Commercial Use
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wind Inverters Market Size and Volume Forecast by Type
11.7.1. Single Phase Inverter
11.7.2. Three Phase Inverter
11.7.3. Others
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 Wind Inverters Demand Share, 2019-2026
12. Asia Pacific Wind Inverters 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 Wind Inverters 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 Wind Inverters Market Size and Volume Forecast by Application
12.4.1. Residential Use
12.4.2. Commercial Use
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wind Inverters Market Size and Volume Forecast by Type
12.7.1. Single Phase Inverter
12.7.2. Three Phase Inverter
12.7.3. Others
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 Wind Inverters Demand Share, 2019-2026
13. Middle East & Africa Wind Inverters 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 Wind Inverters 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 Wind Inverters Market Size and Volume Forecast by Application
13.4.1. Residential Use
13.4.2. Commercial Use
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wind Inverters Market Size and Volume Forecast by Type
13.7.1. Single Phase Inverter
13.7.2. Three Phase Inverter
13.7.3. Others
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 Wind Inverters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wind Inverters Market: Market Share Analysis
14.2. Wind Inverters Distributors and Customers
14.3. Wind Inverters 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. Schneider
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Advanced Energy Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Growatt
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sungrow
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Huawei
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
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
