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The inverter market is forecasted to grow by USD 32.38 billion during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the inverter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in wind energy consumption, increasing solar energy installation, and growing support from governments for solar energy projects.
The inverter market is segmented as below:
By Application
- Motor drive
- Renewable energy
- UPS
By Type
- On-grid
- Off-grid
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the inverter market covers the following areas:
- Inverter market sizing
- Inverter market forecast
- Inverter market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global inverter market: ABB Ltd., Altenergy Power System Inc., Danfoss AS, DARFON ELECTRONICS CORP., Delta Electronics Inc., Eaton Corp. Plc, Enphase Energy Inc., Fronius International GmbH, General Electric Co., Huawei Technologies Co. Ltd., Mitsubishi Electric Corp., OMRON Corp., Powerone Micro Systems Pvt. Ltd., Schneider Electric SE, Shenzen Growatt New Energy Technology Co. Ltd., Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd., and Vertiv Holdings Co..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increase in demand for clean power."
According to the report, one of the major drivers for this market is the rise in wind energy consumption.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Altenergy Power System Inc.
- Danfoss AS
- DARFON ELECTRONICS CORP.
- Delta Electronics Inc.
- Eaton Corp. Plc
- Enphase Energy Inc.
- Fronius International GmbH
- General Electric Co.
- Huawei Technologies Co. Ltd.
- Mitsubishi Electric Corp.
- OMRON Corp.
- Powerone Micro Systems Pvt. Ltd.
- Schneider Electric SE
- Shenzen Growatt New Energy Technology Co. Ltd.
- Siemens AG
- SMA Solar Technology AG
- SolarEdge Technologies Inc.
- Sungrow Power Supply Co. Ltd.
- Vertiv Holdings Co.
