Global Inverter Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Inverter market size was valued at US$ 19000 million in 2024 and is forecast to a readjusted size of USD 43170 million by 2031 with a CAGR of 12.4% during review period.
A power inverter, or inverter, is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.
Market Trends and Growth
Global Demand: The global demand for inverters is driven by several factors, including the increasing adoption of renewable energy sources, the need for reliable backup power in critical infrastructure, and advancements in battery storage technologies.
Technological Innovations: The market is witnessing ongoing technological innovations, such as the development of more efficient and compact inverters, improved power quality, and integration with smart grid technologies.
Market Segmentation: The general inverter market can be segmented by power rating, application, and end-user industry. Different segments have unique growth drivers and challenges.
Key Players and Competitive Landscape
Leading Manufacturers: The market is dominated by several leading manufacturers, such as Schneider Electric, Emerson Electric, Eaton Corporation, ABB Ltd., Siemens AG, and General Electric (GE). These companies offer a wide range of inverter products tailored to different applications and industries.
Competitive Dynamics: The competitive landscape is characterized by ongoing product innovation, strategic partnerships, and mergers and acquisitions to expand geographical reach and product portfolios.
Regional Market Trends
Asia-Pacific: The Asia-Pacific region is a significant market for inverters, driven by rapid industrialization, urbanization, and the growing adoption of renewable energy sources. China and India are key markets in this region.
Europe and North America: These regions have mature markets with stable growth rates. The focus is on improving energy efficiency, integrating renewable energy sources into the grid, and ensuring grid reliability and resilience.
Latin America and the Middle East & Africa: These regions offer growth potential due to increasing infrastructure development, urbanization, and the need for reliable power sources.
Market Challenges and Opportunities
Challenges: The market faces challenges such as the high cost of inverters, particularly for high-power applications, and the need for ongoing maintenance and repair services. Additionally, regulatory and safety standards can vary by region, requiring manufacturers to adapt their products to meet local requirements.
Opportunities: The increasing adoption of renewable energy sources, the need for reliable backup power in critical infrastructure, and advancements in battery storage technologies present significant opportunities for growth in the inverter market.
Conclusion
The inverter market is a dynamic and growing industry, driven by the increasing adoption of renewable energy sources, the need for reliable backup power, and advancements in technology. Leading manufacturers are continuously innovating to meet the changing needs of their customers, while regional markets offer diverse growth opportunities. However, challenges such as high costs and regulatory requirements must be navigated to capitalize on these opportunities.
This report is a detailed and comprehensive analysis for global Inverter market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Inverter market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Inverter market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Inverter market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Inverter market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Inverter
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Inverter market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Siemens, Yaskawa Electric, Danfoss, Mitsubishi Electric, Schneider Electric, Fuji Electric, Rockwell Automation, Inovance Technology, Delta Electronics, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Inverter market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Low Voltage Inverter
Medium Voltage Inverter
High Voltage Inverter
Market segment by Application
Oil & Gas Industry
Chemical Industry
Power and Energy Industry
Mining Industry
Cement Industry
Metallurgical Industry
Other
Major players covered
ABB
Siemens
Yaskawa Electric
Danfoss
Mitsubishi Electric
Schneider Electric
Fuji Electric
Rockwell Automation
Inovance Technology
Delta Electronics
INVT
VEICHI
Hiconics
Toshiba
TECO
Slanvert
Hitachi
Nidec
Wolong Holding
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Inverter product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Inverter, with price, sales quantity, revenue, and global market share of Inverter from 2020 to 2025.
Chapter 3, the Inverter competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Inverter breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Inverter market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Inverter.
Chapter 14 and 15, to describe Inverter sales channel, distributors, customers, research findings and conclusion.
A power inverter, or inverter, is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.
Market Trends and Growth
Global Demand: The global demand for inverters is driven by several factors, including the increasing adoption of renewable energy sources, the need for reliable backup power in critical infrastructure, and advancements in battery storage technologies.
Technological Innovations: The market is witnessing ongoing technological innovations, such as the development of more efficient and compact inverters, improved power quality, and integration with smart grid technologies.
Market Segmentation: The general inverter market can be segmented by power rating, application, and end-user industry. Different segments have unique growth drivers and challenges.
Key Players and Competitive Landscape
Leading Manufacturers: The market is dominated by several leading manufacturers, such as Schneider Electric, Emerson Electric, Eaton Corporation, ABB Ltd., Siemens AG, and General Electric (GE). These companies offer a wide range of inverter products tailored to different applications and industries.
Competitive Dynamics: The competitive landscape is characterized by ongoing product innovation, strategic partnerships, and mergers and acquisitions to expand geographical reach and product portfolios.
Regional Market Trends
Asia-Pacific: The Asia-Pacific region is a significant market for inverters, driven by rapid industrialization, urbanization, and the growing adoption of renewable energy sources. China and India are key markets in this region.
Europe and North America: These regions have mature markets with stable growth rates. The focus is on improving energy efficiency, integrating renewable energy sources into the grid, and ensuring grid reliability and resilience.
Latin America and the Middle East & Africa: These regions offer growth potential due to increasing infrastructure development, urbanization, and the need for reliable power sources.
Market Challenges and Opportunities
Challenges: The market faces challenges such as the high cost of inverters, particularly for high-power applications, and the need for ongoing maintenance and repair services. Additionally, regulatory and safety standards can vary by region, requiring manufacturers to adapt their products to meet local requirements.
Opportunities: The increasing adoption of renewable energy sources, the need for reliable backup power in critical infrastructure, and advancements in battery storage technologies present significant opportunities for growth in the inverter market.
Conclusion
The inverter market is a dynamic and growing industry, driven by the increasing adoption of renewable energy sources, the need for reliable backup power, and advancements in technology. Leading manufacturers are continuously innovating to meet the changing needs of their customers, while regional markets offer diverse growth opportunities. However, challenges such as high costs and regulatory requirements must be navigated to capitalize on these opportunities.
This report is a detailed and comprehensive analysis for global Inverter market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Inverter market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Inverter market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Inverter market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Inverter market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Inverter
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Inverter market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Siemens, Yaskawa Electric, Danfoss, Mitsubishi Electric, Schneider Electric, Fuji Electric, Rockwell Automation, Inovance Technology, Delta Electronics, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Inverter market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Low Voltage Inverter
Medium Voltage Inverter
High Voltage Inverter
Market segment by Application
Oil & Gas Industry
Chemical Industry
Power and Energy Industry
Mining Industry
Cement Industry
Metallurgical Industry
Other
Major players covered
ABB
Siemens
Yaskawa Electric
Danfoss
Mitsubishi Electric
Schneider Electric
Fuji Electric
Rockwell Automation
Inovance Technology
Delta Electronics
INVT
VEICHI
Hiconics
Toshiba
TECO
Slanvert
Hitachi
Nidec
Wolong Holding
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Inverter product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Inverter, with price, sales quantity, revenue, and global market share of Inverter from 2020 to 2025.
Chapter 3, the Inverter competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Inverter breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Inverter market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Inverter.
Chapter 14 and 15, to describe Inverter sales channel, distributors, customers, research findings and conclusion.
Table of Contents
133 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Inverter by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
