Industry Overview
The Power Inverter is at 10.0Billion in 2019 and is expected to reach 20.0Billion by 2030. The Power Inverter is driven by factors such as increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and increasing global trade. SMA Solar, ABB, Fronius, Sungrow, KACO New Energy, Huawei, Delta Electronics, Enphase, Solis, Schneider Electric, TMEIC, Ingeteam, Power-One, Tabuchi Electric, and others are some of the key players in the market.Power Inverter Market Size in (USD Billion) CAGR Growth Rate 6.50%
| Study Period | 2024-2030 |
| Market Size (2019): | 10.0Billion |
| Market Size (2030): | 20.0Billion |
| CAGR (2019 - 2030): | 6.50% |
| Fastest Growing Region | Asia-Pacific |
| Dominating Region | Europe |
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The Power Inverter Market focuses on the development and sale of devices that convert DC (direct current) electricity into AC (alternating current) electricity for use in household appliances, industrial equipment, and renewable energy systems. Power inverters are essential for solar power systems, as they allow solar energy to be used in homes and businesses by converting DC energy from solar panels into usable AC electricity. The market is growing due to the increasing adoption of renewable energy solutions and the rising demand for energy storage systems. Technological advancements in inverter efficiency, size, and cost are driving the expansion of this market. The integration of smart grid technology and energy management systems is also contributing to the market's growth. Additionally, government incentives for solar energy adoption and the push for energy independence are fueling demand for power inverters.
Key Players
Several key players in the Power Inverter market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 7.00%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.- SMA Solar
- ABB
- Fronius
- Sungrow
- KACO New Energy
- Huawei
- Delta Electronics
- Enphase
- Solis
- Schneider Electric
- TMEIC
- Ingeteam
- Power-One
- Tabuchi Electric
Power Inverter Market Segmentation by Players
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Market Dynamics
Market Driver- Converting DC Power To AC Power
- Integrating Renewable Energy Sources To The Grid
Market Trends
- Increasing adoption of renewable energy
- Advancements in power electronics
- Growing demand for energy storage
Opportunity
- Connecting Solar And Wind Power To The Grid
Challenges
- Cost
- Efficiency
- Reliability
Key Highlights
- The Power Inverter is growing at a 6.50% during the forecasted period of 2024 to 2030
- Based on type, the market is bifurcated into Grid-tie inverters, Off-grid inverters, Micro-inverters, Central inverters
- Based on application, the market is segmented into Solar power systems, Wind power systems, Backup power systems, Electric vehicles, Industrial applications
- Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Overview
- Type Segmentation: categorizes products by their specific variants, helping businesses identify demand drivers and innovate effectively.
- Application Segmentation: Divides the market based on product usage across industries, enabling targeted marketing and growth identification.
- Geographic Segmentation: Segments the market by location, allowing for tailored strategies based on regional preferences and economic factors.
- Customer Segmentation: Focuses on demographics like age, gender, and income, enabling personalized marketing and improved customer targeting.
- Distribution Channel Segmentation: categorizes by how products reach customers, optimizing supply chain and sales strategies.
Market Segmentation
Segmentation by Type
- Grid-tie inverters
- Off-grid inverters
- Micro-inverters
- Central inverters
Power Inverter Market Segmentation by Type
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Segmentation by Application
- Solar power systems
- Wind power systems
- Backup power systems
- Electric vehicles
- Industrial applications
Power Inverter Market Segmentation by Application
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This report also splits the market by region:
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Asia-Pacific
![Asia-Pacific dominates Power Inverter Market [2024 to 2019]](https://www.htfmarketinsights.com/assets_n/img/region/continent/asia_pacific_wn.png)
Dominating Region
Europe
![Europe dominates Power Inverter Market [2024 to 2019]](https://www.htfmarketinsights.com/assets_n/img/region/continent/europe_wn.png)
Primary & Secondary Approach
The Power Inverter is analyzed by both primary and secondary research sources. There are numerous methodologies available to navigate and utilize these resources effectively:Surveys and Questionnaires: Getting feedback from healthcare professionals, patients, or any other stakeholders on a particular topic. It is a great method to collect quantitative data on behaviors, preferences, and/or experiences.
One on Ones: Interviews with key stakeholders, including physicians, nurses, and administrators can yield rich qualitative data. The interviews can be divided into structured, semi-structured, or unstructured.
Focus Groups: Pull together small numbers of people who share a common characteristic, trait, or behavior to discuss particular topics. Focus Groups: This offers qualitative data and points of view that are often overlooked, such as attitudes, perceptions, or other statements relating to a specific platform.
Observational Studies: Understanding healthcare practices and patient interactions in the way we do it can say a lot more than what people formally report doing.
Field Studies: This method allows researchers to collect data firsthand from healthcare settings, including hospitals, clinics, and even home. It is a way to touch and feel the context that drives service delivery in healthcare.
Secondary Research in Power Inverter
Secondary research is a kind of revising, restructuring, and rethinking what has already been collected by primary sources. Such research is beneficial as long as it comes at a low cost and gives an overarching view of the market. Some of the important methods include:
Literature Review: To go through the research papers, articles, and studies published in medical journals, industry reports, and academic publications. This is crucial for understanding the study landscape and identifying knowledge deficits.
Reports From the Industry: It aims in examining reports published by Market Research firms, Healthcare Associations, and Government bodies. This report can also be used by all stakeholders including service providers and delivery chains across the world to identify market opportunities in an undetermined depth.
Public Health Records: Data collected by governments and public health authorities in different countries of the world from organizations with global reach like CDC, WHO, or national departments. These are important because they provide us with epidemiological data and numbers.
Company Reports: Read the annual reports, financial statements, and press releases of healthcare companies. It includes company performance reports, market strategies, and competitive positioning for this domain.
Online Databases: You understand the access to databases like PubMed, MEDLINE, and even Google Scholar for scientific articles and study materials. Some of these databases are treasure troves for peer-reviewed data.
Media Sources: Analyzing news articles, press releases, and media coverage related to the healthcare industry. This helps in staying updated on recent developments and emerging trends.
A blended approach of primary and secondary research methods allows researchers to collect well-rounded, solid data that informs the best decisions and strategies.
Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.Report Infographics:
| Report Features | Details |
| Base Year | 2019 |
| Based Year Market Size (2019) | 10.0Billion |
| Historical Period Market Size (2024) | 7.0Billion |
| CAGR (2019 to 2030) | 6.50% |
| Forecast Period | 2025 to 2030 |
| Forecasted Period Market Size (2030) | 20.0Billion |
| Scope of the Report | Grid-tie inverters, Off-grid inverters, Micro-inverters, Central inverters, Solar power systems, Wind power systems, Backup power systems, Electric vehicles, Industrial applications |
| Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
| Year on Year Growth | 7.00% |
| Companies Covered | SMA Solar, ABB, Fronius, Sungrow, KACO New Energy, Huawei, Delta Electronics, Enphase, Solis, Schneider Electric, TMEIC, Ingeteam, Power-One, Tabuchi Electric |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Power Inverter - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Power Inverter Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Power Inverter Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Power Inverter Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Converting DC power to AC power
- 3.1.2 Integrating renewable energy sources to the grid
-
3.2 Available Opportunities
- 3.2.1 Connecting solar and wind power
-
3.3 Influencing Trends
- 3.3.1 Increasing adoption of renewabl
-
3.4 Challenges
- 3.4.1 Cost
- 3.4.2 Efficiency
- 3.4.3 Reliability
- 3.4.4
- 3.5 Regional Dynamics
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Chapter 4 : Global Power Inverter Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Power Inverter Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Power Inverter : Competition Benchmarking & Performance Evaluation
- 5.1 Global Power Inverter Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Power Inverter Revenue 2019
- 5.3 Global Power Inverter Sales Volume by Manufacturers (2019)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 FPNV Positioning Matrix
- 5.6 Heat Map Analysis
Chapter 6: Global Power Inverter Market: Company Profiles
- 6.1 SMA Solar
- 6.1.1 SMA Solar Company Overview
- 6.1.2 SMA Solar Product/Service Portfolio & Specifications
- 6.1.3 SMA Solar Key Financial Metrics
- 6.1.4 SMA Solar SWOT Analysis
- 6.1.5 SMA Solar Development Activities
- 6.2 ABB
- 6.3 Fronius
- 6.4 Sungrow
- 6.5 KACO New Energy
- 6.6 Huawei
- 6.7 Delta Electronics
- 6.8 Enphase
- 6.9 Solis
- 6.10 Schneider Electric
- 6.11 TMEIC
- 6.12 Ingeteam
- 6.13 Power-One
- 6.14 Tabuchi Electric
- 6.15 Growatt
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Chapter 7 : Global Power Inverter by Type & Application (2024-2030)
-
7.1 Global Power Inverter Market Revenue Analysis (USD Million) by Type (2024-2019)
- 7.1.1 Grid-tie Inverters
- 7.1.2 Off-grid Inverters
- 7.1.3 Micro-inverters
- 7.1.4 Central Inverters
- 7.1.5 String Inverters
-
7.2 Global Power Inverter Market Revenue Analysis (USD Million) by Application (2024-2019)
- 7.2.1 Solar Power Systems
- 7.2.2 Wind Power Systems
- 7.2.3 Backup Power Systems
- 7.2.4 Electric Vehicles
- 7.2.5 Industrial Applications
- 7.3 Global Power Inverter Market Revenue Analysis (USD Million) by Type (2019-2030)
- 7.4 Global Power Inverter Market Revenue Analysis (USD Million) by Application (2019-2030)
Chapter 8 : North America Power Inverter Market Breakdown by Country, Type & Application
- 8.1 North America Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 8.2.1 Grid-tie Inverters
- 8.2.2 Off-grid Inverters
- 8.2.3 Micro-inverters
- 8.2.4 Central Inverters
- 8.2.5 String Inverters
-
8.3 North America Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 8.3.1 Solar Power Systems
- 8.3.2 Wind Power Systems
- 8.3.3 Backup Power Systems
- 8.3.4 Electric Vehicles
- 8.3.5 Industrial Applications
- 8.4 North America Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 8.5 North America Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 8.6 North America Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
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Chapter 9 : LATAM Power Inverter Market Breakdown by Country, Type & Application
- 9.1 LATAM Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 9.2.1 Grid-tie Inverters
- 9.2.2 Off-grid Inverters
- 9.2.3 Micro-inverters
- 9.2.4 Central Inverters
- 9.2.5 String Inverters
-
9.3 LATAM Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 9.3.1 Solar Power Systems
- 9.3.2 Wind Power Systems
- 9.3.3 Backup Power Systems
- 9.3.4 Electric Vehicles
- 9.3.5 Industrial Applications
- 9.4 LATAM Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 9.5 LATAM Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 9.6 LATAM Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 10 : West Europe Power Inverter Market Breakdown by Country, Type & Application
- 10.1 West Europe Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 10.2.1 Grid-tie Inverters
- 10.2.2 Off-grid Inverters
- 10.2.3 Micro-inverters
- 10.2.4 Central Inverters
- 10.2.5 String Inverters
-
10.3 West Europe Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 10.3.1 Solar Power Systems
- 10.3.2 Wind Power Systems
- 10.3.3 Backup Power Systems
- 10.3.4 Electric Vehicles
- 10.3.5 Industrial Applications
- 10.4 West Europe Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 10.5 West Europe Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 10.6 West Europe Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 11 : Central & Eastern Europe Power Inverter Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 11.2.1 Grid-tie Inverters
- 11.2.2 Off-grid Inverters
- 11.2.3 Micro-inverters
- 11.2.4 Central Inverters
- 11.2.5 String Inverters
-
11.3 Central & Eastern Europe Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 11.3.1 Solar Power Systems
- 11.3.2 Wind Power Systems
- 11.3.3 Backup Power Systems
- 11.3.4 Electric Vehicles
- 11.3.5 Industrial Applications
- 11.4 Central & Eastern Europe Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 11.5 Central & Eastern Europe Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 11.6 Central & Eastern Europe Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 12 : Northern Europe Power Inverter Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 12.2.1 Grid-tie Inverters
- 12.2.2 Off-grid Inverters
- 12.2.3 Micro-inverters
- 12.2.4 Central Inverters
- 12.2.5 String Inverters
-
12.3 Northern Europe Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 12.3.1 Solar Power Systems
- 12.3.2 Wind Power Systems
- 12.3.3 Backup Power Systems
- 12.3.4 Electric Vehicles
- 12.3.5 Industrial Applications
- 12.4 Northern Europe Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 12.5 Northern Europe Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 12.6 Northern Europe Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 13 : Southern Europe Power Inverter Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 13.2.1 Grid-tie Inverters
- 13.2.2 Off-grid Inverters
- 13.2.3 Micro-inverters
- 13.2.4 Central Inverters
- 13.2.5 String Inverters
-
13.3 Southern Europe Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 13.3.1 Solar Power Systems
- 13.3.2 Wind Power Systems
- 13.3.3 Backup Power Systems
- 13.3.4 Electric Vehicles
- 13.3.5 Industrial Applications
- 13.4 Southern Europe Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 13.5 Southern Europe Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 13.6 Southern Europe Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 14 : East Asia Power Inverter Market Breakdown by Country, Type & Application
- 14.1 East Asia Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 14.2.1 Grid-tie Inverters
- 14.2.2 Off-grid Inverters
- 14.2.3 Micro-inverters
- 14.2.4 Central Inverters
- 14.2.5 String Inverters
-
14.3 East Asia Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 14.3.1 Solar Power Systems
- 14.3.2 Wind Power Systems
- 14.3.3 Backup Power Systems
- 14.3.4 Electric Vehicles
- 14.3.5 Industrial Applications
- 14.4 East Asia Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 14.5 East Asia Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 14.6 East Asia Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 15 : Southeast Asia Power Inverter Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 15.2.1 Grid-tie Inverters
- 15.2.2 Off-grid Inverters
- 15.2.3 Micro-inverters
- 15.2.4 Central Inverters
- 15.2.5 String Inverters
-
15.3 Southeast Asia Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 15.3.1 Solar Power Systems
- 15.3.2 Wind Power Systems
- 15.3.3 Backup Power Systems
- 15.3.4 Electric Vehicles
- 15.3.5 Industrial Applications
- 15.4 Southeast Asia Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 15.5 Southeast Asia Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 15.6 Southeast Asia Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 16 : South Asia Power Inverter Market Breakdown by Country, Type & Application
- 16.1 South Asia Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 16.2.1 Grid-tie Inverters
- 16.2.2 Off-grid Inverters
- 16.2.3 Micro-inverters
- 16.2.4 Central Inverters
- 16.2.5 String Inverters
-
16.3 South Asia Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 16.3.1 Solar Power Systems
- 16.3.2 Wind Power Systems
- 16.3.3 Backup Power Systems
- 16.3.4 Electric Vehicles
- 16.3.5 Industrial Applications
- 16.4 South Asia Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 16.5 South Asia Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 16.6 South Asia Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 17 : Central Asia Power Inverter Market Breakdown by Country, Type & Application
- 17.1 Central Asia Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 17.2.1 Grid-tie Inverters
- 17.2.2 Off-grid Inverters
- 17.2.3 Micro-inverters
- 17.2.4 Central Inverters
- 17.2.5 String Inverters
-
17.3 Central Asia Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 17.3.1 Solar Power Systems
- 17.3.2 Wind Power Systems
- 17.3.3 Backup Power Systems
- 17.3.4 Electric Vehicles
- 17.3.5 Industrial Applications
- 17.4 Central Asia Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 17.5 Central Asia Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 17.6 Central Asia Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 18 : Oceania Power Inverter Market Breakdown by Country, Type & Application
- 18.1 Oceania Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 18.2.1 Grid-tie Inverters
- 18.2.2 Off-grid Inverters
- 18.2.3 Micro-inverters
- 18.2.4 Central Inverters
- 18.2.5 String Inverters
-
18.3 Oceania Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 18.3.1 Solar Power Systems
- 18.3.2 Wind Power Systems
- 18.3.3 Backup Power Systems
- 18.3.4 Electric Vehicles
- 18.3.5 Industrial Applications
- 18.4 Oceania Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 18.5 Oceania Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 18.6 Oceania Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 19 : MEA Power Inverter Market Breakdown by Country, Type & Application
- 19.1 MEA Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 19.2.1 Grid-tie Inverters
- 19.2.2 Off-grid Inverters
- 19.2.3 Micro-inverters
- 19.2.4 Central Inverters
- 19.2.5 String Inverters
-
19.3 MEA Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 19.3.1 Solar Power Systems
- 19.3.2 Wind Power Systems
- 19.3.3 Backup Power Systems
- 19.3.4 Electric Vehicles
- 19.3.5 Industrial Applications
- 19.4 MEA Power Inverter Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 19.5 MEA Power Inverter Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 19.6 MEA Power Inverter Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Power Inverter market may reach an estimated size of 20.0 Billion by 2030.
The Power Inverter Market is estimated to grow at a CAGR of 6.50%, currently pegged at 10.0 Billion.
Increasing Adoption Of Renewable Energy, Advancements In Power Electronics, Growing Demand For Energy Storage, Development Of Smart Inverters are seen to make big Impact on Power Inverter Market Growth.
The leaders in the Global Power Inverter Market such as SMA Solar, ABB, Fronius, Sungrow, KACO New Energy, Huawei, Delta Electronics, Enphase, Solis, Schneider Electric, TMEIC, Ingeteam, Power-One, Tabuchi Electric, Growatt are targeting innovative and differentiated growth drivers some of them are Converting DC Power To AC Power, Integrating Renewable Energy Sources To The Grid, Providing Backup Power
Business transformation in Power Inverter Market has taken hold due to the confluence of several important triggers, some of them are Cost, Efficiency, Reliability, Grid Connection Requirements.
The market opportunity is clear from the flow of investment into Global Power Inverter Market, some of them are Connecting Solar And Wind Power To The Grid, Providing Backup Power During Outages.
SMA Solar, ABB, Fronius, Sungrow, KACO New Energy, Huawei, Delta Electronics, Enphase, Solis, Schneider Electric, TMEIC, Ingeteam, Power-One, Tabuchi Electric, Growatt are the major operating companies profiled in Power Inverter market study.
The Global Power Inverter Market Study is Broken down by applications such as Solar power systems, Wind power systems, Backup power systems, Electric vehicles, Industrial applications.
The Global Power Inverter Market Study is segmented by Grid-tie inverters, Off-grid inverters, Micro-inverters, Central inverters, String inverters.
The Global Power Inverter Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2024 - Base year: 2019. Forecast period**: 2025 to 2030 [** unless otherwise stated]
The Power Inverter Market focuses on the development and sale of devices that convert DC (direct current) electricity into AC (alternating current) electricity for use in household appliances, industrial equipment, and renewable energy systems. Power inverters are essential for solar power systems, as they allow solar energy to be used in homes and businesses by converting DC energy from solar panels into usable AC electricity. The market is growing due to the increasing adoption of renewable energy solutions and the rising demand for energy storage systems. Technological advancements in inverter efficiency, size, and cost are driving the expansion of this market. The integration of smart grid technology and energy management systems is also contributing to the market's growth. Additionally, government incentives for solar energy adoption and the push for energy independence are fueling demand for power inverters.
