South and Central America Portable Power Inverter Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Phase, Output Voltage, Application, and Power

The SAM portable power inverter market is expected to grow from US$ 60.05 million in 2021 to US$ 74.12 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028.

Automobile sales are skyrocketing with the growing popularity of trucks and SUVs, and the rising demand for compact sedans in North America. Moreover, a few OEMs aim to reconfigure their product lines to launch only electric vehicle (EV) manufacturing lines. In the first trimester of 2021, Volvo declared that it would start selling only electric cars from 2030. General Motors plans to provide only electric LDVs by 2035. Truck manufacturers such as MAN, Daimler, Scania, Volvo, and Renault are also seeking the all-electric future. Inverters are required for channeling power from battery packs to motors and onboard systems in all forms of electric cars. Vehicle inverters are used in both electric and internal combustion engine (ICE) vehicles. The growing trend of using in-wheel microinverter systems and increased incorporation of AC power inverters in EVs are boosting the portable power inverter market growth. Delphi Technologies PLC introduced the first combined inverter and DC/DC converter in February 2018. With ongoing product developments, automobile manufacturers can now deliver more efficient products with high power density in smaller and lighter packaging. Delphi Technologies PLC invested in PolyCharge America, Inc. in January 2018 to market a revolutionary capacitor technology. This technology can assist in the construction of smaller and lighter high-power inverters, with high-temperature resistance.

Vendors in the SAM portable power inverter market can attract new customers and expand their footprints in emerging markets by offering innovative features and technologies. This factor is likely to drive the market at a promising CAGR during the forecast period.

SAM Portable Power Inverter Market Segmentation

The SAM portable power inverter market is segmented into phase, output, application, and power. Based on phase the SAM portable power inverter market has been bifurcated as single phase and three phase. The single phase segment accounted for the largest market share whereas, the three phase segment accounted for the highest CAGR in 2020. Based on Output voltage the SAM portable power inverter market has be segmented as up to 240w and above 240w. In 2020 the up to 240w segment accounted for largest market share. Based on application the SAM portable power inverter market has been categorised by residential, commercial, and industrial, in 2020 the residential segment accounted for highest share of application. Also, based on Power SAM portable power inverter market has been categorized as 1000w to 2500w and 2500w to 5000w. 1000w to 2500w segment accounted for largest market share in 2020. Based on country, the SAM portable power inverter market is segmented into the Brazil, Argentina, and Rest of SAM, Brazil held the largest market share in 2020.

ENERGIZER HOLDINGS, INC., Kisae Technology Inc., Rally Manufacturing, EXELTEC, Eaton are among the leading companies in the SAM portable power inverter market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.