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Power Inverter Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 227 Pages
SKU # FOB19260717

Description

Power Inverter Market



Growth Factors of Power Inverter Market

The Power Inverter Market size was valued at USD 46.57 billion in 2023. The market is projected to grow from USD 53.49 billion in 2024 to USD 209.74 billion by 2032, exhibiting a CAGR of 18.62% during the forecast period of 2024-2032.

The COVID-19 pandemic triggered disruptions inside the power inverter marketplace, specifically because of delays in manufacturing and supply chains. Lockdowns and regulations halted the production of important additives, main to assignment delays and cancellations. However, the marketplace noticed a restoration as economies reopened, with an elevated consciousness on renewable electricity assets like solar energy. Government projects supporting inexperienced energy post-pandemic also are boosting the call for for electricity inverters. Additionally, the upward push in work-from-home setups and digitalization accelerated the need for uninterrupted electricity supply, reaping benefits the power inverter market.

One of the today's developments inside the strength inverter marketplace is the increasing integration of clever inverters. These inverters come equipped with advanced technologies like real-time monitoring, grid connectivity, and far flung operation via smart gadgets. They are particularly precious in sun energy structures, wherein they can optimize power usage and decorate system performance. The developing adoption of smart grids and the want for electricity efficiency in strength distribution are riding this fashion, as clients are trying to find smarter, more reliable, and extra value-effective electricity solutions.

A key riding element within the energy inverter marketplace is the growing adoption of renewable strength assets, specially solar power. Governments worldwide are imposing policies and incentives to promote easy electricity, that's fueling the demand for solar power structures and, in flip, power inverters. With the global attention on decreasing carbon emissions and dependency on fossil fuels, the demand for inverters is developing, as they're essential for converting renewable electricity into usable strength. The shift toward greener strength solutions is anticipated to noticeably raise the power inverter marketplace.

Comprehensive Analysis of Power Inverter Market

The Power Inverter Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by . By Product include String Inverter, Micro Inverter, Central Inverter, Others. By Output Voltage include Low, Medium ,High. By End-user include Residential ,Commercial ,Utility, Automotive, Others.

The Asia Pacific region lead the Power Inverter Market share by benefitting a market size of USD 46.57 billion due to demand for products used in machinery, equipment, control systems, and power distribution networks, contributing to market expansion .

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.

In April 2022, SMA Solar Technology AG launched a new line of four inverters with rated outputs of 12kW, 15kW, 20kW, and 25kW for use in PV rooftop systems up to 135kW. The inverter guarantees grid-compliant power control for the entire system, allowing up to 150% larger PV generators. This product launch has reinforced its product portfolio.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 18.62% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Product

String Inverter

Micro Inverter

Central Inverter

Others

By Output Voltage

Low

Medium

High

By End-user

Residential

Commercial

Utility

Automotive

Others

By Geography

North America (By Product, By Output Voltage, By Country)
  • U.S. (By End-user)
  • Canada (By End-user)
Europe (By Product, By Output Voltage, By Country)
  • U.K. (By End-user)
  • Germany (By End-user)
  • France (By End-user)
  • Spain (By End-user)
  • Italy (By End-user)
  • Russia (By End-user)
  • Rest of Europe (By End-user)
Asia Pacific (By Product, By Output Voltage, By Country) By Output Voltage
  • China (By End-user)
  • India (By End-user)
  • Japan (By End-user)
  • Australia (By End-user)
  • Southeast Asia (By End-user)
  • Rest of Asia Pacific (By End-user)
Latin America (By Product, By Output Voltage, By Country)
  • Brazil (By End-user)
  • Mexico (By End-user)
  • Rest of Latin America (By End-user)
Middle East & Africa (By Product, By Output Voltage, By Country)
  • GCC (By End-user)
  • South Africa (By End-user)
  • Rest of Middle East & Africa(By End-user)


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Table of Contents

227 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends
4.2. Latest Technological Advancement
4.3. Insight on Regulatory Landscape
4.4. Porters Five Forces Analysis
4.5. Impact of COVID-19 on the Power Inverter Market
5. Global Power Inverter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product
5.2.1. String Inverter
5.2.2. Micro Inverter
5.2.3. Central Inverter
5.2.4. Others
5.3. Market Analysis, Insights and Forecast – By Output Voltage
5.3.1. Low
5.3.2. Medium
5.3.3. High
5.4. Market Analysis, Insights and Forecast – By End-User
5.4.1. Residential
5.4.2. Commercial
5.4.3. Utility
5.4.4. Automotive
5.4.5. Other
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Power Inverter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Product
6.2.1. String Inverter
6.2.2. Micro Inverter
6.2.3. Central Inverter
6.2.4. Others
6.3. Market Analysis, Insights and Forecast – By Output Voltage
6.3.1. Low
6.3.2. Medium
6.3.3. High
6.4. Market Analysis, Insights and Forecast – By End-User
6.4.1. Residential
6.4.2. Commercial
6.4.3. Utility
6.4.4. Automotive
6.4.5. Other
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S. Market Analysis, Insights and Forecast – By End-User
6.5.1.1. Residential
6.5.1.2. Commercial
6.5.1.3. Utility
6.5.1.4. Automotive
6.5.1.5. Other
6.5.2. Canada Market Analysis, Insights and Forecast – By End-User
6.5.2.1. Residential
6.5.2.2. Commercial
6.5.2.3. Utility
6.5.2.4. Automotive
6.5.2.5. Other
7. Europe Power Inverter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Product
7.2.1. String Inverter
7.2.2. Micro Inverter
7.2.3. Central Inverter
7.2.4. Others
7.3. Market Analysis, Insights and Forecast – By Output Voltage
7.3.1. Low
7.3.2. Medium
7.3.3. High
7.4. Market Analysis, Insights and Forecast – By End-User
7.4.1. Residential
7.4.2. Commercial
7.4.3. Utility
7.4.4. Automotive
7.4.5. Other
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. UK Market Analysis, Insights and Forecast – By End-User
7.5.1.1. Residential
7.5.1.2. Commercial
7.5.1.3. Utility
7.5.1.4. Automotive
7.5.1.5. Other
7.5.2. Germany Market Analysis, Insights and Forecast – By End-User
7.5.2.1. Residential
7.5.2.2. Commercial
7.5.2.3. Utility
7.5.2.4. Automotive
7.5.2.5. Other
7.5.3. France Market Analysis, Insights and Forecast – By End-User
7.5.3.1. Residential
7.5.3.2. Commercial
7.5.3.3. Utility
7.5.3.4. Automotive
7.5.3.5. Other
7.5.4. Spain Market Analysis, Insights and Forecast – By End-User
7.5.4.1. Residential
7.5.4.2. Commercial
7.5.4.3. Utility
7.5.4.4. Automotive
7.5.4.5. Other
7.5.5. Italy Market Analysis, Insights and Forecast – By End-User
7.5.5.1. Residential
7.5.5.2. Commercial
7.5.5.3. Utility
7.5.5.4. Automotive
7.5.5.5. Other
7.5.6. Russia Market Analysis, Insights and Forecast – By End-User
7.5.6.1. Residential
7.5.6.2. Commercial
7.5.6.3. Utility
7.5.6.4. Automotive
7.5.6.5. Other
7.5.7. Rest of Europe Market Analysis, Insights and Forecast – By End-User
7.5.7.1. Residential
7.5.7.2. Commercial
7.5.7.3. Utility
7.5.7.4. Automotive
7.5.7.5. Other
8. Asia Pacific Power Inverter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Product
8.2.1. String Inverter
8.2.2. Micro Inverter
8.2.3. Central Inverter
8.2.4. Others
8.3. Market Analysis, Insights and Forecast – By Output Voltage
8.3.1. Low
8.3.2. Medium
8.3.3. High
8.4. Market Analysis, Insights and Forecast – By End-User
8.4.1. Residential
8.4.2. Commercial
8.4.3. Utility
8.4.4. Automotive
8.4.5. Other
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China Market Analysis, Insights and Forecast – By End-User
8.5.1.1. Residential
8.5.1.2. Commercial
8.5.1.3. Utility
8.5.1.4. Automotive
8.5.1.5. Other
8.5.2. India Market Analysis, Insights and Forecast – By End-User
8.5.2.1. Residential
8.5.2.2. Commercial
8.5.2.3. Utility
8.5.2.4. Automotive
8.5.2.5. Other
8.5.3. Japan Market Analysis, Insights and Forecast – By End-User
8.5.3.1. Residential
8.5.3.2. Commercial
8.5.3.3. Utility
8.5.3.4. Automotive
8.5.3.5. Other
8.5.4. Australia Market Analysis, Insights and Forecast – By End-User
8.5.4.1. Residential
8.5.4.2. Commercial
8.5.4.3. Utility
8.5.4.4. Automotive
8.5.4.5. Other
8.5.5. Southeast Asia Market Analysis, Insights and Forecast – By End-User
8.5.5.1. Residential
8.5.5.2. Commercial
8.5.5.3. Utility
8.5.5.4. Automotive
8.5.5.5. Other
8.6. Rest of Asia Pacific Market Analysis, Insights and Forecast – By End-User
8.6.1.
8.6.1.1. Residential
8.6.1.2. Commercial
8.6.1.3. Utility
8.6.1.4. Automotive
8.6.1.5. Other
9. Latin America Power Inverter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Product
9.2.1. String Inverter
9.2.2. Micro Inverter
9.2.3. Central Inverter
9.2.4. Others
9.3. Market Analysis, Insights and Forecast – By Output Voltage
9.3.1. Low
9.3.2. Medium
9.3.3. High
9.4. Market Analysis, Insights and Forecast – By End-User
9.4.1. Residential
9.4.2. Commercial
9.4.3. Utility
9.4.4. Automotive
9.4.5. Other
9.5. Market Analysis, Insights and Forecast – By Country
9.6. Brazil Market Analysis, Insights and Forecast – By End-User
9.6.1. Residential
9.6.2. Commercial
9.6.3. Utility
9.6.4. Automotive
9.6.5. Other
9.7. Mexico Market Analysis, Insights and Forecast – By End-User
9.7.1. Residential
9.7.2. Commercial
9.7.3. Utility
9.7.4. Automotive
9.7.5. Other
9.8. Rest of Latin America Market Analysis, Insights and Forecast – By End-User
9.8.1. Residential
9.8.2. Commercial
9.8.3. Utility
9.8.4. Automotive
9.8.5. Other
10. Middle East & Africa Power Inverter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Product
10.2.1. String Inverter
10.2.2. Micro Inverter
10.2.3. Central Inverter
10.2.4. Others
10.3. Market Analysis, Insights and Forecast – By Output Voltage
10.3.1. Low
10.3.2. Medium
10.3.3. High
10.4. Market Analysis, Insights and Forecast – By End-User
10.4.1. Residential
10.4.2. Commercial
10.4.3. Utility
10.4.4. Automotive
10.4.5. Other
10.5. Market Analysis, Insights and Forecast – By Country
10.5.1. GCC Market Analysis, Insights and Forecast – By End-User
10.5.1.1. Residential
10.5.1.2. Commercial
10.5.1.3. Utility
10.5.1.4. Automotive
10.5.1.5. Other
10.6. South Africa Market Analysis, Insights and Forecast – By End-User
10.6.1. Residential
10.6.2. Commercial
10.6.3. Utility
10.6.4. Automotive
10.6.5. Other
10.7. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By End-User
10.7.1. Residential
10.7.2. Commercial
10.7.3. Utility
10.7.4. Automotive
10.7.5. Other
11. Competitive Analysis
11.1. Company Market Share Analysis, 2023
11.2. Company Profile
11.2.1. SMA Solar Technology AG
11.2.1.1. Business Overview
11.2.1.2. Product & Service Offering
11.2.1.3. Overall Revenue
11.2.1.4. Recent Development
11.2.2. Sungrow Business Overview
11.2.2.1. Product & Service Offering
11.2.2.2. Overall Revenue
11.2.2.3. Recent Development
11.2.3. Enphase Energy Business Overview
11.2.3.1. Product & Service Offering
11.2.3.2. Overall Revenue
11.2.3.3. Recent Development
11.2.4. Fimer Group Business Overview
11.2.4.1. Product & Service Offering
11.2.4.2. Overall Revenue
11.2.4.3. Recent Development
11.2.5. Goodwe Business Overview
11.2.5.1. Product & Service Offering
11.2.5.2. Overall Revenue
11.2.5.3. Recent Development
11.2.6. Huawei Technologies Co., Ltd Business Overview
11.2.6.1. Product & Service Offering
11.2.6.2. Overall Revenue
11.2.6.3. Recent Development
11.2.7. General Electric
11.2.7.1. Business Overview
11.2.7.2. Product & Service Offering
11.2.7.3. Overall Revenue
11.2.7.4. Recent Development
11.2.8. Growatt New Energy Business Overview
11.2.8.1. Product & Service Offering
11.2.8.2. Overall Revenue
11.2.8.3. Recent Development
11.2.9. Luminous India Business Overview
11.2.9.1. Product & Service Offering
11.2.9.2. Overall Revenue
11.2.9.3. Recent Development
11.2.10. KACO New Energy Business Overview
11.2.10.1. Product & Service Offering
11.2.10.2. Overall Revenue
11.2.10.3. Recent Development

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