North America Power Inverter Market Report by Type (<5KW, 5KW to 95KW, 100KW to 495KW, Above 500KW), Application (Motor Drives, UPS, Rail Traction, Wind Turbines, EVs/HEVs, Solar PVs, and Others), End-Use Sector (Utility, Residential, Commercial and Industrial), and Country 2024-2032
The North America power inverter market size reached US$ 13.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
Power inverter, commonly known as inverter, is an electric device that converts direct current (DC) into alternating current (AC) while changing respective voltages. They provide an uninterrupted power supply and act as an alternate backup power solution in case of emergencies and are generally connected to batteries, solar panels, high-voltage transmission lines in order to efficiently convert and store the alternating current to direct current. In comparison to an electric generator, inverter is noise-free, eco-friendly, easy to install and operate, cost-effective, and convenient. Owing to this, it is employed for rail traction, wind turbines, motor drives, etc.
North America represents one of the largest markets for power inverters accounting to several initiatives for energy conservation by switching to sustainable energy sources. In addition to this, various regulatory measures, in order to reduce the carbon footprints have boosted the sales of power inverters in the region. Increasing infrastructural advancements across the region will continue to spur the demand in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America power inverter market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type, application and end-use sector.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Type
<5KW
5KW to 95KW
100KW to 495KW
Above 500KW
Market by Application
Motor Drives
UPS
Rail Traction
Wind Turbines
EVs/HEVs
Solar PVs
Others
Market by End-Use Sector
Utility
Residential
Commercial and Industrial
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America power inverter market performed so far and how will it perform in the coming years?
What are the key regions in the North America power inverter market?
What has been the impact of COVID-19 on the North America power inverter market?
What is the breakup of the North America power inverter market on the basis of type?
What is the breakup of the North America power inverter market on the basis of application?
What is the breakup of the North America power inverter market on the basis of end-use sector?
What are the various stages in the value chain of the North America power inverter industry?
What are the key driving factors and challenges in the North America power inverter industry?
What is the structure of the North America power inverter industry and who are the key players?
What is the degree of competition in the North America power inverter industry?
What are the profit margins in the North America power inverter industry?
Power inverter, commonly known as inverter, is an electric device that converts direct current (DC) into alternating current (AC) while changing respective voltages. They provide an uninterrupted power supply and act as an alternate backup power solution in case of emergencies and are generally connected to batteries, solar panels, high-voltage transmission lines in order to efficiently convert and store the alternating current to direct current. In comparison to an electric generator, inverter is noise-free, eco-friendly, easy to install and operate, cost-effective, and convenient. Owing to this, it is employed for rail traction, wind turbines, motor drives, etc.
North America represents one of the largest markets for power inverters accounting to several initiatives for energy conservation by switching to sustainable energy sources. In addition to this, various regulatory measures, in order to reduce the carbon footprints have boosted the sales of power inverters in the region. Increasing infrastructural advancements across the region will continue to spur the demand in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America power inverter market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type, application and end-use sector.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Type
<5KW
5KW to 95KW
100KW to 495KW
Above 500KW
Market by Application
Motor Drives
UPS
Rail Traction
Wind Turbines
EVs/HEVs
Solar PVs
Others
Market by End-Use Sector
Utility
Residential
Commercial and Industrial
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America power inverter market performed so far and how will it perform in the coming years?
What are the key regions in the North America power inverter market?
What has been the impact of COVID-19 on the North America power inverter market?
What is the breakup of the North America power inverter market on the basis of type?
What is the breakup of the North America power inverter market on the basis of application?
What is the breakup of the North America power inverter market on the basis of end-use sector?
What are the various stages in the value chain of the North America power inverter industry?
What are the key driving factors and challenges in the North America power inverter industry?
What is the structure of the North America power inverter industry and who are the key players?
What is the degree of competition in the North America power inverter industry?
What are the profit margins in the North America power inverter industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL POWER INVERTER MARKET
5.1 Market Performance
5.2 Market Breakup by Type
5.3 Market Breakup by Application
5.4 Market Breakup by End-Use Sector
5.5 Market Breakup by Region
5.6 Market Forecast
6 NORTH AMERICA POWER INVERTER MARKET
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 NORTH AMERICA POWER INVERTER MARKET: BREAKUP BY TYPE
7.1 <5KW
7.2 5KW to 95KW
7.3 100KW to 495KW
7.4 Above 500KW
8 NORTH AMERICA POWER INVERTER MARKET: BREAKUP BY APPLICATION
8.1 Motor Drives
8.2 UPS
8.3 Rail Traction
8.4 Wind Turbines
8.5 EVs/HEVs
8.6 Solar PVs
8.7 Others
9 NORTH AMERICA POWER INVERTER MARKET: BREAKUP BY END-USE SECTOR
9.1 Utility
9.2 Residential
9.3 Commercial and Industrial
10 NORTH AMERICA POWER INVERTER MARKET: BREAKUP BY COUNTRY
10.1 United States
10.1.1 Historical Market Trends
10.1.2 Market Breakup by Type
10.1.3 Market Breakup by Application
10.1.4 Market Breakup by End-Use Sector
10.1.5 Market Forecast
10.2 Canada
10.2.1 Historical Market Trends
10.2.2 Market Breakup by Type
10.2.3 Market Breakup by Application
10.2.4 Market Breakup by End-Use Sector
10.2.5 Market Forecast
10.3 Mexico
10.3.1 Historical Market Trends
10.3.2 Market Breakup by Type
10.3.3 Market Breakup by Application
10.3.4 Market Breakup by End-Use Sector
10.3.5 Market Forecast
11 SWOT ANALYSIS
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 VALUE CHAIN ANALYSIS
12.1 Overview
12.2 Research and Development
12.3 Raw Material Procurement
12.4 Manufacturing
12.5 Marketing
12.6 Distribution
12.7 End-Use
13 PORTER’S FIVE FORCES ANALYSIS
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Rivalry
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL POWER INVERTER MARKET
5.1 Market Performance
5.2 Market Breakup by Type
5.3 Market Breakup by Application
5.4 Market Breakup by End-Use Sector
5.5 Market Breakup by Region
5.6 Market Forecast
6 NORTH AMERICA POWER INVERTER MARKET
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 NORTH AMERICA POWER INVERTER MARKET: BREAKUP BY TYPE
7.1 <5KW
7.2 5KW to 95KW
7.3 100KW to 495KW
7.4 Above 500KW
8 NORTH AMERICA POWER INVERTER MARKET: BREAKUP BY APPLICATION
8.1 Motor Drives
8.2 UPS
8.3 Rail Traction
8.4 Wind Turbines
8.5 EVs/HEVs
8.6 Solar PVs
8.7 Others
9 NORTH AMERICA POWER INVERTER MARKET: BREAKUP BY END-USE SECTOR
9.1 Utility
9.2 Residential
9.3 Commercial and Industrial
10 NORTH AMERICA POWER INVERTER MARKET: BREAKUP BY COUNTRY
10.1 United States
10.1.1 Historical Market Trends
10.1.2 Market Breakup by Type
10.1.3 Market Breakup by Application
10.1.4 Market Breakup by End-Use Sector
10.1.5 Market Forecast
10.2 Canada
10.2.1 Historical Market Trends
10.2.2 Market Breakup by Type
10.2.3 Market Breakup by Application
10.2.4 Market Breakup by End-Use Sector
10.2.5 Market Forecast
10.3 Mexico
10.3.1 Historical Market Trends
10.3.2 Market Breakup by Type
10.3.3 Market Breakup by Application
10.3.4 Market Breakup by End-Use Sector
10.3.5 Market Forecast
11 SWOT ANALYSIS
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 VALUE CHAIN ANALYSIS
12.1 Overview
12.2 Research and Development
12.3 Raw Material Procurement
12.4 Manufacturing
12.5 Marketing
12.6 Distribution
12.7 End-Use
13 PORTER’S FIVE FORCES ANALYSIS
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Rivalry
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
LIST OF TABLES
Table 1: North America: Power Inverter Market: Key Industry Highlights, 2023 and 2032
Table 2: North America: Power Inverter Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: North America: Power Inverter Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: North America: Power Inverter Market Forecast: Breakup by End-Use Sector (in Million US$), 2024-2032
Table 5: North America: Power Inverter Market Forecast: Breakup by Country (in Million US$), 2024-2032
Table 6: North America: Power Inverter Market: Competitive Structure
Table 7: North America: Power Inverter Market: Key Players
Table 1: North America: Power Inverter Market: Key Industry Highlights, 2023 and 2032
Table 2: North America: Power Inverter Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: North America: Power Inverter Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: North America: Power Inverter Market Forecast: Breakup by End-Use Sector (in Million US$), 2024-2032
Table 5: North America: Power Inverter Market Forecast: Breakup by Country (in Million US$), 2024-2032
Table 6: North America: Power Inverter Market: Competitive Structure
Table 7: North America: Power Inverter Market: Key Players
LIST OF FIGURES
Figure 1: North America: Power Inverter Market: Major Drivers and Challenges
Figure 2: Global: Power Inverter Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Power Inverter Market: Breakup by Type (in %), 2023
Figure 4: Global: Power Inverter Market: Breakup by Application (in %), 2023
Figure 5: Global: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 6: Global: Power Inverter Market: Breakup by Region (in %), 2023
Figure 7: Global: Power Inverter Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 8: North America: Power Inverter Market: Sales Value (in Billion US$), 2018-2023
Figure 9: North America: Power Inverter Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 10: North America: Power Inverter Market: Breakup by Type (in %), 2023
Figure 11: North America: Power Inverter (<5KW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: North America: Power Inverter (<5KW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: North America: Power Inverter (5KW to 95KW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: North America: Power Inverter (5KW to 95KW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: North America: Power Inverter (100KW to 495KW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: North America: Power Inverter (100KW to 495KW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: North America: Power Inverter (Above 500KW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: North America: Power Inverter (Above 500KW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: North America: Power Inverter Market: Breakup by Application (in %), 2023
Figure 20: North America: Power Inverter (Motor Drives) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: North America: Power Inverter (Motor Drives) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: North America: Power Inverter (UPS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: North America: Power Inverter (UPS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: North America: Power Inverter (Rail Traction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: North America: Power Inverter (Rail Traction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: North America: Power Inverter (Wind Turbines) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: North America: Power Inverter (Wind Turbines) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: North America: Power Inverter (EVs/HEVs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: North America: Power Inverter (EVs/HEVs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: North America: Power Inverter (Solar PVs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: North America: Power Inverter (Solar PVs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Power Inverter (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Power Inverter (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: North America: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 35: North America: Power Inverter (Utility) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Power Inverter (Utility) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: North America: Power Inverter (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: North America: Power Inverter (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: North America: Power Inverter (Commercial and Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: North America: Power Inverter (Commercial and Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: North America: Power Inverter Market: Breakup by Country (in %), 2023
Figure 42: United States: Power Inverter Market: Sales Value (in Million US$), 2018-2023
Figure 43: United States: Power Inverter Market: Breakup by Type (in %), 2023
Figure 44: United States: Power Inverter Market: Breakup by Application (in %), 2023
Figure 45: United States: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 46: United States: Power Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Canada: Power Inverter Market: Sales Value (in Million US$), 2018-2023
Figure 48: Canada: Power Inverter Market: Breakup by Type (in %), 2023
Figure 49: Canada: Power Inverter Market: Breakup by Application (in %), 2023
Figure 50: Canada: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 51: Canada: Power Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Mexico: Power Inverter Market: Sales Value (in Million US$), 2018-2023
Figure 53: Mexico: Power Inverter Market: Breakup by Type (in %), 2023
Figure 54: Mexico: Power Inverter Market: Breakup by Application (in %), 2023
Figure 55: Mexico: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 56: Mexico: Power Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: North America: Power Inverter Industry: SWOT Analysis
Figure 58: North America: Power Inverter Industry: Value Chain Analysis
Figure 59: North America: Power Inverter Industry: Porter’s Five Forces Analysis
Figure 1: North America: Power Inverter Market: Major Drivers and Challenges
Figure 2: Global: Power Inverter Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Power Inverter Market: Breakup by Type (in %), 2023
Figure 4: Global: Power Inverter Market: Breakup by Application (in %), 2023
Figure 5: Global: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 6: Global: Power Inverter Market: Breakup by Region (in %), 2023
Figure 7: Global: Power Inverter Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 8: North America: Power Inverter Market: Sales Value (in Billion US$), 2018-2023
Figure 9: North America: Power Inverter Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 10: North America: Power Inverter Market: Breakup by Type (in %), 2023
Figure 11: North America: Power Inverter (<5KW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: North America: Power Inverter (<5KW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: North America: Power Inverter (5KW to 95KW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: North America: Power Inverter (5KW to 95KW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: North America: Power Inverter (100KW to 495KW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: North America: Power Inverter (100KW to 495KW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: North America: Power Inverter (Above 500KW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: North America: Power Inverter (Above 500KW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: North America: Power Inverter Market: Breakup by Application (in %), 2023
Figure 20: North America: Power Inverter (Motor Drives) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: North America: Power Inverter (Motor Drives) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: North America: Power Inverter (UPS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: North America: Power Inverter (UPS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: North America: Power Inverter (Rail Traction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: North America: Power Inverter (Rail Traction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: North America: Power Inverter (Wind Turbines) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: North America: Power Inverter (Wind Turbines) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: North America: Power Inverter (EVs/HEVs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: North America: Power Inverter (EVs/HEVs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: North America: Power Inverter (Solar PVs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: North America: Power Inverter (Solar PVs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Power Inverter (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Power Inverter (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: North America: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 35: North America: Power Inverter (Utility) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Power Inverter (Utility) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: North America: Power Inverter (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: North America: Power Inverter (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: North America: Power Inverter (Commercial and Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: North America: Power Inverter (Commercial and Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: North America: Power Inverter Market: Breakup by Country (in %), 2023
Figure 42: United States: Power Inverter Market: Sales Value (in Million US$), 2018-2023
Figure 43: United States: Power Inverter Market: Breakup by Type (in %), 2023
Figure 44: United States: Power Inverter Market: Breakup by Application (in %), 2023
Figure 45: United States: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 46: United States: Power Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Canada: Power Inverter Market: Sales Value (in Million US$), 2018-2023
Figure 48: Canada: Power Inverter Market: Breakup by Type (in %), 2023
Figure 49: Canada: Power Inverter Market: Breakup by Application (in %), 2023
Figure 50: Canada: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 51: Canada: Power Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Mexico: Power Inverter Market: Sales Value (in Million US$), 2018-2023
Figure 53: Mexico: Power Inverter Market: Breakup by Type (in %), 2023
Figure 54: Mexico: Power Inverter Market: Breakup by Application (in %), 2023
Figure 55: Mexico: Power Inverter Market: Breakup by End-Use Sector (in %), 2023
Figure 56: Mexico: Power Inverter Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: North America: Power Inverter Industry: SWOT Analysis
Figure 58: North America: Power Inverter Industry: Value Chain Analysis
Figure 59: North America: Power Inverter Industry: Porter’s Five Forces Analysis
