Global Inverter Market Growth 2025-2031

The global Inverter market size is predicted to grow from US$ 20410 million in 2025 to US$ 42760 million in 2031; it is expected to grow at a CAGR of 13.1% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Inverter Industry Forecast” looks at past sales and reviews total world Inverter sales in 2024, providing a comprehensive analysis by region and market sector of projected Inverter sales for 2025 through 2031. With Inverter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Inverter industry.

This Insight Report provides a comprehensive analysis of the global Inverter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Inverter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Inverter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Inverter and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Inverter.

This report presents a comprehensive overview, market shares, and growth opportunities of Inverter market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Low Voltage Inverter
Medium Voltage Inverter
High Voltage Inverter

Segmentation by Application:
Oil & Gas Industry
Chemical Industry
Power and Energy Industry
Mining Industry
Cement Industry
Metallurgical Industry
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Inverter market?

What factors are driving Inverter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Inverter market opportunities vary by end market size?

How does Inverter break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.