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%.
Electric devices that convert direct current (DC) to alternating current (AC) are known as power inverters (AC). Power inverters, unlike generators, have a low running cost and do not require the use of change-over switches. They are used to run a variety of tools, household appliances, and other electrical devices because of these qualities. Power inverters come in a variety of sizes, styles, and power levels to meet the demands and preferences of different consumers. Modified sine wave power inverters, plug-in grid tie power inverters, and solar power inverters are examples of these variations.
Electric devices that convert direct current (DC) to alternating current (AC) are known as power inverters (AC). Power inverters, unlike generators, have a low running cost and do not require the use of change-over switches. They are used to run a variety of tools, household appliances, and other electrical devices because of these qualities. Power inverters come in a variety of sizes, styles, and power levels to meet the demands and preferences of different consumers. Modified sine wave power inverters, plug-in grid tie power inverters, and solar power inverters are examples of these variations.
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A power inverter is an electric circuit that transforms direct current (DC) to alternating current (AC). The design of the electric circuit determines the frequency, power, input, and output. In comparison to a generator, the power inverter is less expensive to operate and allows for the use of change-over switches. Power inverters are employed in a variety of tools, electrical items, and household appliances because of their properties. Power inverters come in a variety of styles, sizes, and power levels to meet the needs of consumers; some of these are plug-in-grid tie power inverters, sine wave power inverters, and solar power inverters. Power inverters are utilised in a variety of settings, including residential, commercial, and industrial. Power inverters are used in motor drives, rail traction, wind turbines, and electric vehicles.
Global Power Inverter Market- Segment Analysis
Major Key Players
Omron Corporation
ABB Ltd
Tabuchi Electric Co., Ltd
Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
Advanced Energy Industries, Inc
Enphase Energy, Inc
Schneider Electric SE
Huawei Technologies Co., Ltd
SolarEdge Technologies Inc
Sungrow Power Supply
Power Electronics
Fronius International
Altenergy Power System
Darfon Electronics
Delphi Technologies
Schneider Electric
Delta Electronics
Yaskawa Solectria Solar
Kaco New Energy
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
Based on Output Power Rating
- Below 10 kw
- 10-50 kw
- 50-100 kw
- Above 100 kw
Based on Output Voltage
- 100-300 V
- 300-500 V
- Above 500 V
Based on Sales Channel
- Indirect
- Direct
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
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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.
Key Questions Answered in This Report
- What is the size of this market?
- What is the expected growth rate of this market?
- What are the key factors driving this market?
- What has been the impact of COVID-19 on this market?
- What is the breakup of the global power inverter market based on the type?
- What is the breakup of the global power inverter market based on the application?
- What is the breakup of the global power inverter market based on the end-use sector?
- What are the key regions in the global power inverter market?
- Who are the key players/companies in the global power inverter market?
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