MARKET INTRODUCTION
An inverter is used in a huge number of power applications. The function of an inverter is to convert DC to AC; these are signified as voltage source inverters. The growing investments for the deployment of automation solutions in various industries, growth of power generation capacities of plants, electrification of the transportation industry, and decrease in the production and operational costs of power plants due to development in technologies are driving the growth of the inverter market.
MARKET DYNAMICS
The growing residential solar rooftop installations are driving the global inverter market. However, pressure caused by inverters on batteries of vehicles might hinder the growth of the global market. Furthermore, technological innovations in inverters to improve their capabilities are anticipated to create opportunities for the computer on the module market during the forecast period.
MARKET SCOPE
The "Global Inverter Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the global inverter market with detailed market segmentation by inverters, type, power rating, end-user, and geography. The global inverter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading inverter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global inverter market is segmented on by inverters, type, power rating, and end-user. On the basis of inverters, the inverter market is segmented into Single Phase, Three Phase, Others. On the basis of type, the inverter market is segmented into solar inverters, non-solar inverters and residential inverters. On the basis of power rating, the inverter market is segmented into below 10 kw, 10-50 kw, 50-100 kw, and above 100 kw. On the basis of end-user, the inverter market is segmented into below residential, commercial, and industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global inverter market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The inverter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the inverter market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces Analysis on a global scenario.
MARKET PLAYERS
The reports cover key developments in the inverter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from inverter market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace bearings in the global market. Below mentioned is the list of few companies engaged in the inverter market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the inverter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- ABB Ltd.
- Altenergy Power System
- Continental AG
- Darfon Electronics
- Delphi Technologies
- Enphase Energy
- Huawei Technologies
- SMA Solar Technology AG
- SolarEdge Technologies Inc.
- Sungrow
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.