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Global Inverter Market 2017-2021

Global Inverter Market 2017-2021

About Inverter

An inverter system is a device that converts direct current (DC) into alternate current (AC). From this process, alternating current is produced and this form of electricity can be used to power appliances and electrical machines.

Technavio’s analysts forecast the global inverter market to grow at a CAGR of 6% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global inverter market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of inverters in different end-user industries.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Inverter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Bonfiglioli
  • GE
  • Schneider Electric
  • SMA Solar Technology
Other prominent vendors
  • Mitsubishi Electric
  • Danfoss
  • Delta Electronics
  • Eaton
  • Vertiv
  • Enphase Energy
  • Fronius International
  • Advanced Energy Industries
  • Sungrow
  • Siemens
  • ALSTOM
  • KACO new energy
  • Power One Micro Systems
  • OMRON
  • TABUCHI ELECTRIC
  • Huawei Technologies
Market driver
  • Increasing solar energy installation
  • For a full, detailed list, view our report
Market challenge
  • Weak global economic outlook
  • For a full, detailed list, view our report
Market trend
  • Increase in demand for clean power
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Inverter Market 2017-2021

Technavio recognizes the following companies as the key players in the global inverter market: ABB, Bonfiglioli, GE, Schneider Electric, and SMA Solar Technology.

Other Prominent Vendors in the market are: Mitsubishi Electric, Danfoss, ALSTOM, Siemens, Delta Electronics, KACO new energy, Eaton, Power One Micro Systems, Vertiv, OMRON, Enphase Energy, TABUCHI ELECTRIC, Fronius International, Huawei Technologies, Advanced Energy Industries, and Sungrow.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in demand for clean power. The demand for power is constantly increasing across the globe. This growth in population and the global economy is expected to drive this trend in the future as well. According to the World Bank, the global population is expected to increase from 7.3 billion in 2015 to 9 billion by 2035 and the global demand for power is expected to increase to 34,454 TWh by 2035. Thus, to sustain this economic growth in the face of population rise and the increase in development will require a substantial amount of power.”

According to the report, one of the major drivers for this market is increasing solar energy installation. In the recent years, the solar energy industry has gained momentum and grown drastically. This is mainly due to the initiatives undertaken by governments worldwide that encourage the use of renewable resources. Many industrialized or developed nations have integrated significant quantity of solar power into their electrical grids to provide an alternative to the conventional energy sources.

Further, the report states that one of the major factors hindering the growth of this market is weak global economic outlook. The global inverter market is dependent on the manufacturing and industrial business for its sustenance, and these industries rely on the global economy for its existence. A strong macro economy increases the global appetite for goods, thereby fueling the demand for manufactured products.

Companies Mentioned

ABB, Bonfiglioli, GE, Schneider Electric, SMA Solar Technology, Mitsubishi Electric, Danfoss, ALSTOM, Siemens, Delta Electronics, KACO new energy, Eaton, Power One Micro Systems, Vertiv, OMRON, Enphase Energy, TABUCHI ELECTRIC, Fronius International, Huawei Technologies, Advanced Energy Industries, Sungrow.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Inverter technology overview
    • Global solar PV market: Overview
      • Table Integrated inverter with solar power plant
    • Global wind market: Overview
      • Table Integrated inverter with wind power plant
    • Global EV market: Overview
      • Table Global EV sales 2012-2016 (thousands)
    • Global UPS market: Overview
    • Global railroad market: Overview
  • Market landscape
    • Market overview
      • Table Global inverter market
    • Market size and forecast by revenue
      • Table Global inverter market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global inverter market by application
      • Table Global inverter market by application 2016 and 2021
      • Table Global inverter market by application 2016-2021 ($ billions)
    • Global motor drive inverter market
      • Table Global motor drive inverter market 2016-2021 ($ billions)
      • Table Components of variable frequency drive system
    • Global renewable energy inverter market
      • Table Global renewable energy inverter market 2016-2021 ($ billions)
      • Table Cumulative wind installed capacity 2015-2020 (GW)
      • Table Global HEV sales 2004-2015 (units in millions)
      • Table Global EV sales of top 10 countries 2015 (units)
    • Global UPS inverter market
      • Table Global UPS inverter market 2016-2021 ($ billions)
  • Geographical segmentation
    • Global inverter market by geography
      • Table Global inverter market by geography 2016 and 2021
      • Table Global inverter market by geography 2016-2021 ($ billions)
    • Inverter market in APAC
      • Table Inverter market in APAC 2016-2021 ($ billions)
    • Inverter market in EMEA
      • Table Inverter market in EMEA 2016-2021 ($ billions)
      • Table Cumulative solar installed capacity 2015
    • Inverter market in the Americas
      • Table Inverter market in the Americas 2016-2021 ($ billions)
      • Table Labor wages in Asia by city 2000 to 2014
  • Market drivers
    • Rise in wind energy consumption
      • Table Global wind energy capacity addition 2010-2015 (GW)
      • Table Wind power installation country wise for 2015 (MW)
    • Increasing solar energy installation
      • Table Global PV year-over-year growth 2001-2015
    • Increase in demand for EVs and HEVs
      • Table Global EV stock in 2015
    • Energy-saving technology for railroad traction systems
      • Table Use of inverters in railroad traction for energy storage
      • Table Japanese railroad storage system for energy recovered from braking
    • Rise in process automation
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Weak global economic outlook
      • Table Major countries based on manufacturing value-added
      • Table Manufacturing purchase manager's index for China February 2015 to January 2016
    • Intermittent nature of renewable energy
      • Table Solar output in summer and wind output in winter
      • Table Intermittency and its impact on the power systems
    • Changing market dynamics
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in demand for clean power
      • Table Countries with renewable targets and policies 2005
      • Table Countries with renewable targets and policies 2015
      • Table New wind installation targets by 2020 (GW)
    • Rise in deployment of microgrids
      • Table Global microgrid installed capacity 2015-2020 (GW)
    • Growing high-speed rail networks in developing nations
      • Table Major high-speed train projects
    • Emphasis on green inverter technology
    • Decreasing price of inverter systems
  • Vendor landscape
    • Competitive landscape
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Business segmentation by revenue 2015
      • Table ABB: Product portfolio
    • Bonfiglioli
      • Table Bonfiglioli: Product portfolio
    • GE
      • Table GE: Product portfolio
    • Schneider Electric
      • Table Schneider Electric: Segmentation by industry 2015
      • Table Schneider Electric: Product portfolio
    • SMA Solar Technology
      • Table SMA Solar Technology: Business segmentation
      • Table SMA Solar Technology: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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