Inverter Market
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
Types Covered:
• Non-Solar Inverters
• Solar Inverters
End Users Covered:
• Automotive
• Commercial
• PV Plants
• Residential
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Inverter Market, By Sales Channel
5.1 Introduction
5.2 Indirect Sales Channel
5.3 Direct Sales Channel
6 Global Inverter Market, By Phase-Based Classification of Inverters
6.1 Introduction
6.2 Single Phase
6.3 Three Phase
7 Global Inverter Market, By Output Voltage
7.1 Introduction
7.2 Above 500 V
7.3 300–500 V
7.4 100–300 V
8 Global Inverter Market, By Output Power Rating
8.1 Introduction
8.2 10–50 kW
8.3 50–100 kW
8.4 Above 100 kW
8.5 Below 10 kW
9 Global Inverter Market, By Waveform-Based Classification of Inverters
9.1 Introduction
9.2 Square Wave Inverters
9.3 Pure Sine Wave Inverters
9.4 Modified Sine Wave Inverters
10 Global Inverter Market, By Type
10.1 Introduction
10.2 Non-Solar Inverters
10.2.1 Residential Inverters
10.2.2 Vehicle Inverters
10.2.2.1 Vehicle Type
10.2.2.1.1 Plug-In Hybrid Electric Vehicles (PHEVS)
10.2.2.1.2 Hybrid Electric Vehicles (HEVS)
10.2.2.1.3 Battery Electric Vehicles(BEVS)
10.3 Solar Inverters
10.3.1 Connection Type
10.3.1.1 Grid-Tied
10.3.1.2 Stand-Alone
10.3.2 Inverter Type
10.3.2.1 Central Inverters
10.3.2.2 Hybrid Inverters
10.3.2.3 Micro Inverters
10.3.2.4 String Inverters
11 Global Inverter Market, By End User
11.1 Introduction
11.2 Automotive
11.3 Commercial
11.4 PV Plants
11.5 Residential
12 Global Inverter Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 ABB
14.2 Altenergy Power System
14.3 Bestek
14.4 Darfon Electronics
14.5 Delphi Technologies
14.6 Enphase Energy
14.7 Fronius International
14.8 General Electric
14.9 Goodwe
14.10 Huawei Technologies
14.11 Power Electronics
14.12 Schneider Electric
14.13 Sensata Technologies
14.14 SMA Solar Technology
14.15 Solaredge Technologies
14.16 Sungrow Power Supply
List of Tables
1 Global Inverter Market Outlook, By Region (2017-2027) ($MN)
2 Global Inverter Market Outlook, By Sales Channel (2017-2027) ($MN)
3 Global Inverter Market Outlook, By Indirect Sales Channel (2017-2027) ($MN)
4 Global Inverter Market Outlook, By Direct Sales Channel (2017-2027) ($MN)
5 Global Inverter Market Outlook, By Phase-Based Classification of Inverters (2017-2027) ($MN)
6 Global Inverter Market Outlook, By Single Phase (2017-2027) ($MN)
7 Global Inverter Market Outlook, By Three Phase (2017-2027) ($MN)
8 Global Inverter Market Outlook, By Output Voltage (2017-2027) ($MN)
9 Global Inverter Market Outlook, By Above 500 V (2017-2027) ($MN)
10 Global Inverter Market Outlook, By 300–500 V (2017-2027) ($MN)
11 Global Inverter Market Outlook, By 100–300 V (2017-2027) ($MN)
12 Global Inverter Market Outlook, By Output Power Rating (2017-2027) ($MN)
13 Global Inverter Market Outlook, By 10–50 Kw (2017-2027) ($MN)
14 Global Inverter Market Outlook, By 50–100 kW (2017-2027) ($MN)
15 Global Inverter Market Outlook, By Above 100 kW (2017-2027) ($MN)
16 Global Inverter Market Outlook, By Below 10 kW (2017-2027) ($MN)
17 Global Inverter Market Outlook, By Waveform-Based Classification of Inverters (2017-2027) ($MN)
18 Global Inverter Market Outlook, By Square Wave Inverters (2017-2027) ($MN)
19 Global Inverter Market Outlook, By Pure Sine Wave Inverters (2017-2027) ($MN)
20 Global Inverter Market Outlook, By Modified Sine Wave Inverters (2017-2027) ($MN)
21 Global Inverter Market Outlook, By Type (2017-2027) ($MN)
22 Global Inverter Market Outlook, By Non-Solar Inverters (2017-2027) ($MN)
23 Global Inverter Market Outlook, By Residential Inverters (2017-2027) ($MN)
24 Global Inverter Market Outlook, By Vehicle Inverters (2017-2027) ($MN)
25 Global Inverter Market Outlook, By Solar Inverters (2017-2027) ($MN)
26 Global Inverter Market Outlook, By Connection Type (2017-2027) ($MN)
27 Global Inverter Market Outlook, By Inverter Type (2017-2027) ($MN)
28 Global Inverter Market Outlook, By End User (2017-2027) ($MN)
29 Global Inverter Market Outlook, By Automotive (2017-2027) ($MN)
30 Global Inverter Market Outlook, By Commercial (2017-2027) ($MN)
31 Global Inverter Market Outlook, By PV Plants (2017-2027) ($MN)
32 Global Inverter Market Outlook, By Residential (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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