Global Inverter Market size was valued at US$ 17.10 Bn in 2022 and the total revenue is expected to grow at 15.6 % through 2022 to 2029, reaching nearly US$ 47.17 Bn.Global Inverter Market Overview:
Inverters also referred as AC Drives. It is an electronic devices which can convert DC (Direct Current) to AC (Alternating Current). These devices regulating the speed and torque for automotive car engine. Inverter are construct as a standalone devices mainly for the applications including such as solar power as well as it work as backup power supply from batteries that will be charged separately. Global Inverter Market Characteristics: ABB is among the largest power and automation engineering firm in Switzerland. It focuses to delivering of goods and services like energy-efficient transmission and distribution of electricity that will assist to enhance output of the industrial, commercial and utility divisions. ABB had revenue of USD 26.134 Billion in 2020.To know about the Research Methodology :- Request Free Sample Report
Global Inverter Market Dynamics:
The growth of the inverter market is driven by a large investments in the renewable energy sector & increasing number of residential solar rooftop installations. New and renewed policies & initiatives at the local, state, and federal level will boost renewable energy sector growth during 2023-2029. The power supplied by renewable energy sources like solar & wind deals with problems related to supply and demand discrepancy. Solar energy is extremely dependent on external conditions, but with the use of solar inverters, the issues of insufficient energy supply can be reduced. Inverters used by automotive & residential end users are easy to use and install. The inverters procured are mostly installed by end users themselves. Moreover, factors like increasing global electric vehicle production & rise in the adoption of micro inverters & hybrid inverters that are integrated with small or medium-sized rooftop solar installations by the residential and commercial end users contribute to the growth of the direct sales channel segment of the inverter market during the forecast period. On other hand the inverter manufacturing market is always competitive, the last year was even more challenging for Key players. Last year the total revenue for the Top 5 global inverter key manufactures declined by 10% owing to price pressure & fierce competition. These issues caused many acquisitions and exits in 2020: ABB paid Fimer to take over its inverter business, Schneider Electric exited the utility-scale inverter business and KACO sold its string and central inverter businesses to Siemens and OCI Power, respectively. Additionally, So far uses of inverters to power the various devices and systems installed in automotive car may be create a pressure on the batteries of car and may leads to be failure. So, this factor may hamper the growth of inverter market during the forecast period.Global Inverter Market Segment Analysis:
The global Inverter Market is segmented by Type, Sales Channel, and End-User. Based on the Type, the global Inverter market is segmented into Solar Inverters and Non-solar Inverters. The solar invertors segment held the largest market share of xx% in 2020. A micro inverters are plug-and-play compressed solar inverter systems, which are fitted below all solar panel in a solar array. The application of these inverters is to transform DC power produced by a solar panels into AC at the level of every panel and convey it further for direct use or may be to a grid.Based on the Sales Channel, the global Inverter market is segmented into Direct and Indirect Sales Channel. The indirect sales channel segment held the largest market share of 34.2% in 2022 and is expected to remain of its leading position during the forecast period. The inverter manufacturers utilizing indirect sales channel to offer their inverter solutions to many of the end-users. Many major players in the market have better sales networks and they offer their products globally. Solar inverters are acquired by residential and industrial end-users, also by PV plants. The industrial and residential as well as the PV plants are mostly acquired the uses of solar inverters. The skill employee is require by such inverters for their integration with the solar panels and consequently it involve system integrators to implement and maintain them.
Global Inverter Market Regional Insights:
Asia Pacific dominates the global Inverter market during the forecast period 2023-2029. Asia Pacific held the largest market share xx% in 2022. The growth of the inverter market in Asia Pacific can be attributed to the increased demand for inverters from Main countries such as China, India, Japan, and South Korea of the region. These countries have a major potential for the growth of the heavy-duty industries. The inverter market in Asia Pacific is growing due to the increased adoption of connector solutions in the commercial & residential sectors. The Increasing demand for inverters from the residential, automotive, and PV plants in India, China, and Japan is fueling the market growth in Asia pacific. The objective of the report is to present a comprehensive analysis of the global Inverter Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Inverter Market dynamic, structure by analyzing the market segments and project the global Inverter Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Inverter Market make the report investor’s guide.Global Inverter Market Scope: Inquire before buying
Global Inverter Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 17.10 Bn. Forecast Period 2023 to 2029 CAGR: 15.6% Market Size in 2029: US $ 47.17 Bn. Segments Covered: by Type Solar Inverters Non-solar Inverters by Sales Channel Direct Indirect by End User PV Plants Residential Commercial Automotive Global Inverter Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Inverter Market Key Players
1. Huawei Technologies 2. Sungrow Power Supply 3. SMA Solar Technology 4. Power Electronic 5. ABB 6. Sineng 7. Goodwe 8. Solar Edge Technologies 9. Ingeteam 10. TBEA Sunoasis 11. OMRON Corporation 12. Tabuchi Electric Co., Ltd 13. FIMER 14. KSTAR 15. Ginlong Solis 16. Enphase 17. Chint Power SystemsFrequently Asked Questions:
1] What segments are covered in Inverter Market report? Ans. The segments covered in Inverter Market report are based on Type, Sales Channel, and End-User. 2] Which region is expected to hold the highest share in the global Inverter Market? Ans. Asia Pacific is expected to hold the highest share in the global Inverter Market. 3] What is the market size of global Inverter Market by 2029? Ans. The market size of global Inverter Market by 2029 is US $ 47.17 Bn. 4] Who are the top key players in the global Inverter Market? Ans. Huawei Technologies, Sungrow Power Supply, SMA Solar Technology, Power Electronic, ABB, Sineng, Goodwe are the top key players in the global Inverter Market. 5] What was the market size of global Inverter Market in 2022? Ans. The market size of global Inverter Market in 2022 was US $ 17.10 Bn. 6] By Sales Channel, What segments are covered in Inverter Market report? Ans. The segments covered in Inverter Market report by Component are Direct and Indirect.
1. Inverter Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Inverter Market: Dynamics 2.1. Inverter Market Trends by Region 2.1.1. North America Inverter Market Trends 2.1.2. Europe Inverter Market Trends 2.1.3. Asia Pacific Inverter Market Trends 2.1.4. Middle East and Africa Inverter Market Trends 2.1.5. South America Inverter Market Trends 2.2. Inverter Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Inverter Market Drivers 2.2.1.2. North America Inverter Market Restraints 2.2.1.3. North America Inverter Market Opportunities 2.2.1.4. North America Inverter Market Challenges 2.2.2. Europe 2.2.2.1. Europe Inverter Market Drivers 2.2.2.2. Europe Inverter Market Restraints 2.2.2.3. Europe Inverter Market Opportunities 2.2.2.4. Europe Inverter Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Inverter Market Drivers 2.2.3.2. Asia Pacific Inverter Market Restraints 2.2.3.3. Asia Pacific Inverter Market Opportunities 2.2.3.4. Asia Pacific Inverter Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Inverter Market Drivers 2.2.4.2. Middle East and Africa Inverter Market Restraints 2.2.4.3. Middle East and Africa Inverter Market Opportunities 2.2.4.4. Middle East and Africa Inverter Market Challenges 2.2.5. South America 2.2.5.1. South America Inverter Market Drivers 2.2.5.2. South America Inverter Market Restraints 2.2.5.3. South America Inverter Market Opportunities 2.2.5.4. South America Inverter Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Inverter Industry 2.8. Analysis of Government Schemes and Initiatives For Inverter Industry 2.9. Inverter Market Trade Analysis 2.10. The Global Pandemic Impact on Inverter Market 3. Inverter Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Inverter Market Size and Forecast, by Type (2022-2029) 3.1.1. Solar Inverters 3.1.2. Non-solar Inverters 3.2. Inverter Market Size and Forecast, by Sales Channel (2022-2029) 3.2.1. Direct 3.2.2. Indirect 3.3. Inverter Market Size and Forecast, by End User (2022-2029) 3.3.1. PV Plants 3.3.2. Residential 3.3.3. Commercial 3.3.4. Automotive 3.4. Inverter Market Size and Forecast, by Region (2022-2029) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Inverter Market Size and Forecast, by Type (2022-2029) 4.1.1. Solar Inverters 4.1.2. Non-solar Inverters 4.2. North America Inverter Market Size and Forecast, by Sales Channel (2022-2029) 4.2.1. Direct 4.2.2. Indirect 4.3. North America Inverter Market Size and Forecast, by End User (2022-2029) 4.3.1. PV Plants 4.3.2. Residential 4.3.3. Commercial 4.3.4. Automotive 4.4. North America Inverter Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Inverter Market Size and Forecast, by Type (2022-2029) 4.4.1.1.1. Solar Inverters 4.4.1.1.2. Non-solar Inverters 4.4.1.2. United States Inverter Market Size and Forecast, by Sales Channel (2022-2029) 4.4.1.2.1. Direct 4.4.1.2.2. Indirect 4.4.1.3. United States Inverter Market Size and Forecast, by End User (2022-2029) 4.4.1.3.1. PV Plants 4.4.1.3.2. Residential 4.4.1.3.3. Commercial 4.4.1.3.4. Automotive 4.4.2. Canada 4.4.2.1. Canada Inverter Market Size and Forecast, by Type (2022-2029) 4.4.2.1.1. Solar Inverters 4.4.2.1.2. Non-solar Inverters 4.4.2.2. Canada Inverter Market Size and Forecast, by Sales Channel (2022-2029) 4.4.2.2.1. Direct 4.4.2.2.2. Indirect 4.4.2.3. Canada Inverter Market Size and Forecast, by End User (2022-2029) 4.4.2.3.1. PV Plants 4.4.2.3.2. Residential 4.4.2.3.3. Commercial 4.4.2.3.4. Automotive 4.4.3. Mexico 4.4.3.1. Mexico Inverter Market Size and Forecast, by Type (2022-2029) 4.4.3.1.1. Solar Inverters 4.4.3.1.2. Non-solar Inverters 4.4.3.2. Mexico Inverter Market Size and Forecast, by Sales Channel (2022-2029) 4.4.3.2.1. Direct 4.4.3.2.2. Indirect 4.4.3.3. Mexico Inverter Market Size and Forecast, by End User (2022-2029) 4.4.3.3.1. PV Plants 4.4.3.3.2. Residential 4.4.3.3.3. Commercial 4.4.3.3.4. Automotive 5. Europe Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Inverter Market Size and Forecast, by Type (2022-2029) 5.2. Europe Inverter Market Size and Forecast, by Sales Channel (2022-2029) 5.3. Europe Inverter Market Size and Forecast, by End User (2022-2029) 5.4. Europe Inverter Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Inverter Market Size and Forecast, by Type (2022-2029) 5.4.1.2. United Kingdom Inverter Market Size and Forecast, by Sales Channel (2022-2029) 5.4.1.3. United Kingdom Inverter Market Size and Forecast, by End User(2022-2029) 5.4.2. France 5.4.2.1. France Inverter Market Size and Forecast, by Type (2022-2029) 5.4.2.2. France Inverter Market Size and Forecast, by Sales Channel (2022-2029) 5.4.2.3. France Inverter Market Size and Forecast, by End User(2022-2029) 5.4.3. Germany 5.4.3.1. Germany Inverter Market Size and Forecast, by Type (2022-2029) 5.4.3.2. Germany Inverter Market Size and Forecast, by Sales Channel (2022-2029) 5.4.3.3. Germany Inverter Market Size and Forecast, by End User (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Inverter Market Size and Forecast, by Type (2022-2029) 5.4.4.2. Italy Inverter Market Size and Forecast, by Sales Channel (2022-2029) 5.4.4.3. Italy Inverter Market Size and Forecast, by End User(2022-2029) 5.4.5. Spain 5.4.5.1. Spain Inverter Market Size and Forecast, by Type (2022-2029) 5.4.5.2. Spain Inverter Market Size and Forecast, by Sales Channel (2022-2029) 5.4.5.3. Spain Inverter Market Size and Forecast, by End User (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Inverter Market Size and Forecast, by Type (2022-2029) 5.4.6.2. Sweden Inverter Market Size and Forecast, by Sales Channel (2022-2029) 5.4.6.3. Sweden Inverter Market Size and Forecast, by End User (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Inverter Market Size and Forecast, by Type (2022-2029) 5.4.7.2. Austria Inverter Market Size and Forecast, by Sales Channel (2022-2029) 5.4.7.3. Austria Inverter Market Size and Forecast, by End User (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Inverter Market Size and Forecast, by Type (2022-2029) 5.4.8.2. Rest of Europe Inverter Market Size and Forecast, by Sales Channel (2022-2029) 5.4.8.3. Rest of Europe Inverter Market Size and Forecast, by End User (2022-2029) 6. Asia Pacific Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Inverter Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.3. Asia Pacific Inverter Market Size and Forecast, by End User (2022-2029) 6.4. Asia Pacific Inverter Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Inverter Market Size and Forecast, by Type (2022-2029) 6.4.1.2. China Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.1.3. China Inverter Market Size and Forecast, by End User (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Inverter Market Size and Forecast, by Type (2022-2029) 6.4.2.2. S Korea Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.2.3. S Korea Inverter Market Size and Forecast, by End User (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Inverter Market Size and Forecast, by Type (2022-2029) 6.4.3.2. Japan Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.3.3. Japan Inverter Market Size and Forecast, by End User (2022-2029) 6.4.4. India 6.4.4.1. India Inverter Market Size and Forecast, by Type (2022-2029) 6.4.4.2. India Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.4.3. India Inverter Market Size and Forecast, by End User (2022-2029) 6.4.5. Australia 6.4.5.1. Australia Inverter Market Size and Forecast, by Type (2022-2029) 6.4.5.2. Australia Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.5.3. Australia Inverter Market Size and Forecast, by End User (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Inverter Market Size and Forecast, by Type (2022-2029) 6.4.6.2. Indonesia Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.6.3. Indonesia Inverter Market Size and Forecast, by End User (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Inverter Market Size and Forecast, by Type (2022-2029) 6.4.7.2. Malaysia Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.7.3. Malaysia Inverter Market Size and Forecast, by End User (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Inverter Market Size and Forecast, by Type (2022-2029) 6.4.8.2. Vietnam Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.8.3. Vietnam Inverter Market Size and Forecast, by End User(2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Inverter Market Size and Forecast, by Type (2022-2029) 6.4.9.2. Taiwan Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.9.3. Taiwan Inverter Market Size and Forecast, by End User (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Inverter Market Size and Forecast, by Type (2022-2029) 6.4.10.2. Rest of Asia Pacific Inverter Market Size and Forecast, by Sales Channel (2022-2029) 6.4.10.3. Rest of Asia Pacific Inverter Market Size and Forecast, by End User (2022-2029) 7. Middle East and Africa Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Inverter Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Inverter Market Size and Forecast, by Sales Channel (2022-2029) 7.3. Middle East and Africa Inverter Market Size and Forecast, by End User (2022-2029) 7.4. Middle East and Africa Inverter Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Inverter Market Size and Forecast, by Type (2022-2029) 7.4.1.2. South Africa Inverter Market Size and Forecast, by Sales Channel (2022-2029) 7.4.1.3. South Africa Inverter Market Size and Forecast, by End User (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Inverter Market Size and Forecast, by Type (2022-2029) 7.4.2.2. GCC Inverter Market Size and Forecast, by Sales Channel (2022-2029) 7.4.2.3. GCC Inverter Market Size and Forecast, by End User (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Inverter Market Size and Forecast, by Type (2022-2029) 7.4.3.2. Nigeria Inverter Market Size and Forecast, by Sales Channel (2022-2029) 7.4.3.3. Nigeria Inverter Market Size and Forecast, by End User (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Inverter Market Size and Forecast, by Type (2022-2029) 7.4.4.2. Rest of ME&A Inverter Market Size and Forecast, by Sales Channel (2022-2029) 7.4.4.3. Rest of ME&A Inverter Market Size and Forecast, by End User (2022-2029) 8. South America Inverter Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Inverter Market Size and Forecast, by Type (2022-2029) 8.2. South America Inverter Market Size and Forecast, by Sales Channel (2022-2029) 8.3. South America Inverter Market Size and Forecast, by End User(2022-2029) 8.4. South America Inverter Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Inverter Market Size and Forecast, by Type (2022-2029) 8.4.1.2. Brazil Inverter Market Size and Forecast, by Sales Channel (2022-2029) 8.4.1.3. Brazil Inverter Market Size and Forecast, by End User (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Inverter Market Size and Forecast, by Type (2022-2029) 8.4.2.2. Argentina Inverter Market Size and Forecast, by Sales Channel (2022-2029) 8.4.2.3. Argentina Inverter Market Size and Forecast, by End User (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Inverter Market Size and Forecast, by Type (2022-2029) 8.4.3.2. Rest Of South America Inverter Market Size and Forecast, by Sales Channel (2022-2029) 8.4.3.3. Rest Of South America Inverter Market Size and Forecast, by End User (2022-2029) 9. Global Inverter Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Inverter Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Huawei Technologies 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Sungrow Power Supply 10.3. SMA Solar Technology 10.4. Power Electronic 10.5. ABB 10.6. Sineng 10.7. Goodwe 10.8. Solar Edge Technologies 10.9. Ingeteam 10.10. TBEA Sunoasis 10.11. OMRON Corporation 10.12. Tabuchi Electric Co., Ltd 10.13. FIMER 10.14. KSTAR 10.15. Ginlong Solis 10.16. Enphase 10.17. Chint Power Systems 11. Key Findings 12. Industry Recommendations 13. Inverter Market: Research Methodology 14. Terms and Glossary