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Global Power Inverter Market Size Study & Forecast, by Product (String Inverter, Micro Inverter, Central Inverter, Others), By Output Voltage (Low, Medium, High), By End-user (Residential, Commercial, Utility, Automotive, Others), and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G0ED5D80DA94EN
Bizwit Research & Consulting LLP

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Global Power Inverter Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. A power inverter is an electronic device that converts direct current (DC) electricity from a power source, such as a battery or solar panel, into alternating current (AC) electricity, which is used to power appliances, devices, and equipment that operate on AC power. Moreover, the rising electricity demand, growing renewable energy installations, and increasing electrification of transportation, including electric vehicles (EVs) and hybrid vehicles are anticipated to create a lucrative demand for the market during the forecast period 2023-2030.

With increasing urbanization, industrialization, and population growth, the electricity demand is on the rise globally. Power inverters play a crucial role in meeting this demand by enabling the use of alternative power sources such as solar panels and batteries, thereby contributing to the growth of the market. According to Statista, in 2020, the electricity demand worldwide was 23,995 terawatt hours and it is anticipated to reach 29463 terawatt hours by 2030. As a result, the growing electricity demand globally is anticipated to support the market growth. Moreover, the increasing adoption in off-grid and remote areas and supportive government initiatives and incentives are anticipated to create a lucrative opportunity for the market. However, the high installation and maintenance costs, and competition from alternative technologies, such as uninterrupted power supply (UPS) systems, grid-tied inverters with battery backup, and direct use of DC-powered appliances stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Power Inverter Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising demand for renewable energy systems, increasing adoption of electric vehicles, expansion of off-grid and remote power systems, growing demand for energy storage systems, and presence of key market players. The Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the growing rapid urbanization, growing renewable energy adoption, rising demand for off-grid solutions, increasing adoption of electric vehicles, and supportive government initiatives and incentives.

Major market players included in this report are:

Schneider Electric

Enphase Energy, Inc.

SolarEdge Technologies

SMA Solar Technology AG

ABB Ltd.

Toshiba Mitsubishi Electric Industrial Systems Corporation

Sungrow Power Supply Co., Ltd.

Huawei Technologies Co., Ltd.

Advanced Energy Industries, Inc.

Omron Corporation

Recent Developments in the Market:
  • In April 2022, SMA Solar Technology AG introduced a new series of inverters, offering rated outputs of 12kW, 15kW, 20kW, and 25kW. These inverters are specifically designed for utilization in photovoltaic (PV) rooftop systems with capacities of up to 135kW. Notably, these inverters ensure grid-compliant power management across the entire system, enabling the integration of PV generators that are up to 150% larger. Through these company expand its product portfolio.
Global Power Inverter Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Product, Output Voltage, End-user, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

String Inverter

Micro Inverter

Central Inverter

Others

By Output Voltage:

Low

Medium

High

By End-user:

Residential

Commercial

Utility

Automotive

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Power Inverter Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Power Inverter Market, by Product, 2020-2030 (USD Billion)
  1.2.3. Power Inverter Market, by Output Voltage, 2020-2030 (USD Billion)
  1.2.4. Power Inverter Market, by End-user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL POWER INVERTER MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL POWER INVERTER MARKET DYNAMICS

3.1. Power Inverter Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising demand for electricity
    3.1.1.2. Growing renewable energy installations
    3.1.1.3. Increasing electrification of transportation
  3.1.2. Market Challenges
    3.1.2.1. High installation and maintenance costs
    3.1.2.2. Competition from alternative technologies
  3.1.3. Market Opportunities
    3.1.3.1. Increasing adoption in off-grid and remote areas
    3.1.3.2. Supportive government initiatives and incentives

CHAPTER 4. GLOBAL POWER INVERTER MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL POWER INVERTER MARKET, BY PRODUCT

5.1. Market Snapshot
5.2. Global Power Inverter Market by Product, Performance - Potential Analysis
5.3. Global Power Inverter Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Power Inverter Market, Sub Segment Analysis
  5.4.1. String Inverter
  5.4.2. Micro Inverter
  5.4.3. Central Inverter
  5.4.4. Others

CHAPTER 6. GLOBAL POWER INVERTER MARKET, BY OUTPUT VOLTAGE

6.1. Market Snapshot
6.2. Global Power Inverter Market by Output Voltage, Performance - Potential Analysis
6.3. Global Power Inverter Market Estimates & Forecasts by Output Voltage 2020-2030 (USD Billion)
6.4. Power Inverter Market, Sub Segment Analysis
  6.4.1. Low
  6.4.2. Medium
  6.4.3. High

CHAPTER 7. GLOBAL POWER INVERTER MARKET, BY END-USER

7.1. Market Snapshot
7.2. Global Power Inverter Market by End-user, Performance - Potential Analysis
7.3. Global Power Inverter Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
7.4. Power Inverter Market, Sub Segment Analysis
  7.4.1. Residential
  7.4.2. Commercial
  7.4.3. Utility
  7.4.4. Automotive
  7.4.5. Others

CHAPTER 8. GLOBAL POWER INVERTER MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Power Inverter Market, Regional Market Snapshot
8.4. North America Power Inverter Market
  8.4.1. U.S. Power Inverter Market
    8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Output Voltage breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End-user breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Power Inverter Market
8.5. Europe Power Inverter Market Snapshot
  8.5.1. U.K. Power Inverter Market
  8.5.2. Germany Power Inverter Market
  8.5.3. France Power Inverter Market
  8.5.4. Spain Power Inverter Market
  8.5.5. Italy Power Inverter Market
  8.5.6. Rest of Europe Power Inverter Market
8.6. Asia-Pacific Power Inverter Market Snapshot
  8.6.1. China Power Inverter Market
  8.6.2. India Power Inverter Market
  8.6.3. Japan Power Inverter Market
  8.6.4. Australia Power Inverter Market
  8.6.5. South Korea Power Inverter Market
  8.6.6. Rest of Asia Pacific Power Inverter Market
8.7. Latin America Power Inverter Market Snapshot
  8.7.1. Brazil Power Inverter Market
  8.7.2. Mexico Power Inverter Market
8.8. Middle East & Africa Power Inverter Market
  8.8.1. Saudi Arabia Power Inverter Market
  8.8.2. South Africa Power Inverter Market
  8.8.3. Rest of Middle East & Africa Power Inverter Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Schneider Electric
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Enphase Energy, Inc.
  9.3.3. SolarEdge Technologies
  9.3.4. SMA Solar Technology AG
  9.3.5. ABB Ltd.
  9.3.6. Toshiba Mitsubishi Electric Industrial Systems Corporation
  9.3.7. Sungrow Power Supply Co., Ltd
  9.3.8. Huawei Technologies Co., Ltd.
  9.3.9. Advanced Energy Industries, Inc.
  9.3.10. Omron Corporation

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

12 .LIST OF TABLES

TABLE 1. Global Power Inverter Market, report scope
TABLE 2. Global Power Inverter Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Power Inverter Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Power Inverter Market estimates & forecasts by Output Voltage 2020-2030 (USD Billion)
TABLE 5. Global Power Inverter Market estimates & forecasts by End-user 2020-2030 (USD Billion)
TABLE 6. Global Power Inverter Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Power Inverter Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Power Inverter Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Power Inverter Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Power Inverter Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Power Inverter Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Power Inverter Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Power Inverter Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Power Inverter Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Power Inverter Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Power Inverter Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Power Inverter Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Power Inverter Market
TABLE 71. List of primary sources, used in the study of global Power Inverter Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Power Inverter Market, research methodology
FIG 2. Global Power Inverter Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Power Inverter Market, key trends 2022
FIG 5. Global Power Inverter Market, growth prospects 2023-2030
FIG 6. Global Power Inverter Market, porters 5 force model
FIG 7. Global Power Inverter Market, pest analysis
FIG 8. Global Power Inverter Market, value chain analysis
FIG 9. Global Power Inverter Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Power Inverter Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Power Inverter Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Power Inverter Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Power Inverter Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Power Inverter Market, regional snapshot 2020 & 2030
FIG 15. North America Power Inverter Market 2020 & 2030 (USD Billion)
FIG 16. Europe Power Inverter Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Power Inverter Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Power Inverter Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Power Inverter Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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