Inverter - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Inverter Market is accounted for $9.26 billion in 2018 and is expected to reach $39.82 billion by 2027 growing at a CAGR of 17.6% during the forecast period. Large inflow of investments in renewable energy sector and rise in the consumption of wind energy are the major factors driving the market growth. However, strain caused by inverters on batteries present in the vehicles to supply power to the secondary devices and systems installed in them is restraining the market growth.
Inverter is an electronic device that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source. It is a combination of mechanical effects (such as a rotary apparatus) and electronic circuitry.
Based on sales channel, the indirect sales channel segment is likely to have a huge demand as they are widely adopted by manufacturers to provide their solutions to various end users. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to growing investments for the deployment of industrial automation solutions, importance on rules that demand workforce safety and operational costs of power plants due to innovations in technologies.
Some of the key players profiled in the Inverter Market include ABB, Altenergy Power System, Bestek, Darfon Electronics, Delphi Technologies, Enphase Energy, Fronius International, General Electric, Goodwe, Huawei Technologies, Power Electronics, Schneider Electric, Sensata Technologies, SMA Solar Technology, Solaredge Technologies and Sungrow Power Supply.
Sales Channels Covered:
• Indirect Sales Channel
• Direct Sales Channel
Phase-Based Classification of Inverters Covered:
• Single Phase
• Three Phase
Output Voltages Covered:
• Above 500 V
• 300–500 V
• 100–300 V
Output Power Ratings Covered:
• 10–50 kW
• 50–100 kW
• Above 100 kW
• Below 10 kW
Waveform-Based Classification of Inverters Covered:
• Square Wave Inverters
• Pure Sine Wave Inverters
• Modified Sine Wave Inverters
• Non-Solar Inverters
• Solar Inverters
End Users Covered:
• PV Plants
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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