Power Inverter Market Size 2022 Industry Share, Strategies, Growth Analysis, Regional Demand, Revenue, Key Players and 2030 Forecast Research Report

In this report a comprehensive analysis of current global Power Inverter market in terms of demand and supply environment is provided, as well as price trend currently and in the next few years. Global leading players are profiled with their revenue, market share, profit margin, major product portfolio and SWOT analysis. From industry perspective this report analyses supply chain, including process chart introduction, upstream key raw material and cost analysis, distributor and downstream buyer analysis. This report also includes global and regional market size and forecast, major product development trend and typical downstream segment scenario, under the context of market drivers and inhibitors analysis.

Global Power Inverter Market: Overview The global power inverter market reached a value of US$ 75.25 Billion in 2022 and the market is expected to reach US$ 115.84 Billion by 2030, exhibiting a CAGR of 5.54%. The heightening demand for power inverters from the residential sector, owing to the effortless installation, increasing standards of living, rising rates of electrification, and growing investments in the preparedness in case of power cuts, is thriving the market growth.

The functional cost of inverter is low, require concentrated maintenance, and are environment friendly, which are likely to be the stimulating factors of the market. The rising commonness of high-end electrical equipment and appliances in the household will robust the demand for the product in the forecast period. Meanwhile, the increasing employment of solar power systems in the commercial and industrial sector is projected to propel the demand for power inverters in the coming years.

Segmental Analysis of Global Power Inverter Market: Based on Type Solar Inverters Inverter Type Central Inverters String Inverters Micro Inverters Hybrid Inverters

Connection Type Grid-Tied Stand-alone Non Solar Types Vehicle Inverters Battery Electric Vehicles Hybrid Electric Vehicles Plug-in Hybrid Vehicles Residential Inverters Solar inverters are prime elements of solar electric power systems. The DC power, which is generated by solar power plants, is not suitable for common household appliances. Hence, it is necessary to convert this DC power to AC power. Solar inverters transform the variable DC output of PV solar panels into usable AC.

Based on Output Power Rating • Below 10 kw • 10-50 kw • 50-100 kw • Above 100 kw Inverters with power rating below 10 kW are suitable for use in the residential and commercial sectors. Residential solar PV systems are mostly used in rooftop installations, which offer benefits of feed-in tariffs and net metering

Based on Output Voltage • 100-300 V • 300-500 V • Above 500 V

Based on Sales Channel • Indirect • Direct Indirect sales channels or third parties hold a notable share of the inverter market as these channels are adopted by inverter manufacturers to provide their inverter solutions to different end users. Most key players in the market have well-established sales networks and provide their products globally.

Based on End-User • Automotive • Residential • Commercial • PV Plants

Based on Application • Motor Drives • Uninterruptible Power Supply (UPS) • Rail Traction • Wind Turbines • Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs) • Solar PVs

Geographical Analysis of Global Power Inverter Market: The market for global power inverter is segmented into major region- North America, Europe, Asia-Pacific and Middle East and Africa. Increased investments for the deployment of industrial automation solutions, emphasis on regulations that demand operational and workforce safety, expansion of power generation capacities of plants, electrification of the transportation sector, and reduction in the production and operational costs of power plants owing to advancements in technologies in emerging economies of APAC are driving the growth of the solar inverter market in APAC.

Competitive Landscape: SMA Solar Technology AG, Omron Corporation, ABB Ltd, Tabuchi Electric Co., Ltd., Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), Advanced Energy Industries, Inc., Enphase Energy, Inc., Schneider Electric, SEHuawei Technologies Co., Ltd., SolarEdge Technologies Inc., Sungrow Power Supply, Power Electronics, Fronius International, Altenergy Power System, Darfon Electronics, Delphi Technology, Schneider Electric, Delta Electronics, Yaskawa Solectria Solar and Kaco New Energy.

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Some Point from Table of Content:

Market Overview: It includes six chapters, research scope, major manufacturers covered, market segments by type, Power Inverter market segments by application, study objectives, and years considered.

Market Landscape: Here, the competition in the Worldwide Power Inverter Market is analysed, by price, revenue, sales, and market share by company, market rate, competitive situations Landscape, and latest trends, merger, expansion, acquisition, and market shares of top companies.

Profiles of Manufacturers: Here, leading players of the global Power Inverter market are studied based on sales area, key products, gross margin, revenue, price, and production.

Market Status and Outlook by Region: In this section, the report discusses about gross margin, sales, revenue, production, market share, CAGR, and market size by region. Here, the global Power Inverter Market is deeply analysed on the basis of regions and countries such as North America, Europe, China, India, Japan, and the MEA.

Application or End User: This section of the research study shows how different end-user/application segments contribute to the global Power Inverter Market.

Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

Research Findings and Conclusion: This is one of the last sections of the report where the findings of the analysts and the conclusion of the research study are provided.

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