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Global Inverter Market Report 2024

Inverter Global Market Report 2024 – By Inverter Type (Solar Inverter, Vehicle Inverter, Other Types), By Connection Type (On-Grid, Off-Grid), By Phase (Single Phase, Three Phase), By Sales Channel (Direct, Indirect), By End-User (Residential, Industrial, Commercial) – Market Size, Trends, And Global Forecast 2024-2033

Inverter Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : October 2024 | Delivery Time: 2-3 business days | Format : pdf

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Inverter Market Definition

Inverters refer to a circuit that converts DC current from sources such as batteries or fuel cells into AC current and is also responsible for controlling speed and torque for electric motors.

The main types of inverters include solar inverters, vehicle inverters, and others, including UPS. A solar inverter refers to a device that converts direct current (DC) electricity, which is what a solar panel generates, to alternating current (AC) electricity. The connections are on-grid and off-grid, and the phases include single, and three phases distributed by direct and indirect use by various end-users such as residential, industrial, and commercial.

Inverter Market Segmentation

The inverter market covered in this report is segmented –

1) By Inverter Type: Solar Inverter, Vehicle Inverter, Other Types

2) By Connection Type: On-Grid, Off-Grid

3) By Phase: Single Phase, Three Phase

4) By Sales Channel: Direct, Indirect

5) By End-User: Residential, Industrial, Commercial

Global Inverter Market Size 2023 to 2028: Graph

Inverter Market Size 2024 And Growth Rate

The inverter market size has grown rapidly in recent years. It will grow from $17.32 billion in 2023 to $20.43 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to increasing adoption of renewable energy sources, government incentives, rising energy consumption, consumer electronics boom, automotive electrification.

Inverter Market Growth Forecast

The inverter market size is expected to see rapid growth in the next few years. It will grow to $38.12 billion in 2028 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to increasing deployment of smart grid systems, 5G technology deployment, increasing emphasis on resilient power solutions, climate change mitigation, expanding electrification initiatives. Major trends in the forecast period include hybrid inverter systems, digitalization and IoT integration, energy management platforms, advanced cooling technologies, customized solutions for industries.

Inverter Market Driver: The Inverter Market Surge In Tandem With Global Electric Vehicle Adoption

The growing demand for electric vehicles (EVs) is expected to propel the growth of the inverter market going forward. Electric vehicles are vehicles that consist of a motor that is powered by electricity stored in batteries and that operates on electric motors and charges its batteries with electricity rather than utilizing fossil fuels. An inverter is used in an EV that changes the speed at which the motor rotates by adjusting the frequency of the alternating current. For instance, in 2023, according to the International Energy Agency, a France-based intergovernmental organization for the global energy system, in the year 2022, the global sales of electric cars surpassed the remarkable milestone of 10 million units. Notably, electric vehicles accounted for a notable 14% share of all new car purchases, indicating a substantial increase from the approximately 9% recorded in the previous year, 2021.Therefore, increased demand for electric vehicles is driving the inverter market.

Inverter Market Driver: Inverter Market Dynamics In The Era Of Renewable Energy Dominance

The increasing focus on renewable energy is expected to propel the growth of the inverter market going forward. Renewable energy refers to energy that is collected from resources that are naturally replenished on a human timescale. Inverters are essential for integrating renewable energy sources into existing electrical systems, enabling the efficient use and distribution of clean energy generated from sources like solar and wind. For instance, in December 2023, according to gov.uk, a UK-based government agency, renewable energy production in the UK has been on the rise, constituting 44.5% of the electricity generation in the third quarter of 2023. This marks an increase of 8.2 percent compared to the same period in the previous year. Therefore, the increasing focus on renewable energy is driving the inverter market.

Global Inverter Market Major Players

Major companies operating in the inverter market report are Mitsubishi Electric Corporation, Huawei Technologies Co. Ltd., General Electric Company, Schneider Electric SE, Eaton Corporation, Delta Electronics Inc., OMRON Corporation, Chint Group Co. Ltd., Sungrow Power Supply Co. Ltd., Yaskawa Electric Corporation, KOSTAL Solar Electric GmbH, SolarEdge Technologies Inc., Enphase Energy Inc., Advanced Energy Industries Inc., TMEIC Corporation, Fronius International GmbH, Ingeteam India Pvt. Ltd., Ginlong Technologies Co. Ltd., KSTAR New Energy Co. Ltd., Satcon Technology Corporation, Sineng Electric Co. Ltd., Growatt New Energy Technology Co. Ltd., Hitachi Hi-Rel Power Electronics Pvt. Ltd., Tabuchi Electric Co. Ltd., GoodWe Power Supply Technology Co. Ltd., KACO new energy GmbH, Xantrex Technology Inc., FIMER S.p.A, SMA Solar Technology AG, Power Electronics S.L.

Global Inverter Market Trend: The Role Of Advanced Technologies In Shaping The Inverter Market

Technological advancements have emerged as a key trend gaining popularity in the inverter market. Major companies operating in the inverter market are developing new products with advanced technologies to strengthen their position. For instance, in May 2021, Infineon Technologies AG, a Germany-based semiconductor manufacturer, introduced a new automotive power module with CoolSiC MOSFET technology. A full-bridge module with 1200 Volts blocking voltage optimized for traction inverters in electric vehicles (EV). The power module is based on automotive CoolSiC trench MOSFET technology for high-performance applications and high power density. It offers higher efficiency in inverters with more extended ranges and lower battery prices, particularly for vehicles with larger battery capacities and 800 V battery systems.

Global Inverter Market Trend: Exploring Havells’ Latest Innovation In Solar Inverters

Major companies operating in the inverter market are launching new products such as micro inverter to increase their profitability in the market. A micro inverter, installed at or near individual solar PV modules, operates independently for each panel, distinguishing it from traditional string inverters connected to multiple panels in series. For instance, in October 2023, Havells, an India-based electrical equipment manufacturer launched Dual Mode Micro Inverter (DMMI), featuring an innovative MPPT-based solar charge controller for efficient DC to AC conversion. The product is offered in two models DMMI-800 and DMMI-1600, it seamlessly transits between ON-Grid and Off-Grid modes, addressing diverse grid scenarios. Notably, the DMMI's integration beneath solar modules eliminates extensive DC wiring, offering a breakthrough in solar energy solutions. Serving as both ON-Grid and Off-Grid inverter, it overcomes limitations of traditional counterparts, backed by four US patents, showcasing Havells India's commitment to eco-friendly energy.

Inverter Market Merger And Acquisition:

Generac's Acquisition Of Chilicon Power Reshapes Clean Energy Portfolio

In July 2021, Generac Holdings Inc., a US-based energy technology provider acquired Chilicon Power LLC for an undisclosed amount. Through the acquisition, Generac aims to penetrate the microinverter market, fortifying its position in residential clean energy with an expanded product portfolio that includes Chilicon's innovative solutions alongside Generac's PWRcell solar and storage products. Chilicon Power LLC is a US-based microinverter technology manufacturer.

Regional Insights For The Global Inverter Market

Asia-Pacific was the largest region in the inverter market in 2023. The regions covered in the inverter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the inverter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The inverter market consists of sales of voltage source inverters, current source inverters, microcontrollers, transistors, filters, H-bridges, central inverters, string inverters, micro-inverters, on-grid inverters, off-grid inverters, single-phase and three-phase inverters, and other types. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The inverter market research report is one of a series of new reports from The Business Research Company that provides inverter market statistics, including inverter industry global market size, regional shares, competitors with an inverter market share, detailed inverter market segments, market trends and opportunities, and any further data you may need to thrive in the inverter industry. This inverter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Inverter Market Report Forecast And Analysis
Report AttributeDetails
Market Size Value In 2024 $20.43 billion
Revenue Forecast In 2033 $38.12 billion
Growth Rate CAGR of 16.9% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Inverter Type: Solar Inverter, Vehicle Inverter, Other Types
2) By Connection Type: On-Grid, Off-Grid
3) By Phase: Single Phase, Three Phase
4) By Sales Channel: Direct, Indirect
5) By End-User: Residential, Industrial, Commercial
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Mitsubishi Electric Corporation; Huawei Technologies Co. Ltd.; General Electric Company; Schneider Electric SE; Eaton Corporation; Delta Electronics Inc.; OMRON Corporation; Chint Group Co. Ltd.; Sungrow Power Supply Co. Ltd.; Yaskawa Electric Corporation; KOSTAL Solar Electric GmbH; SolarEdge Technologies Inc.; Enphase Energy Inc.; Advanced Energy Industries Inc.; TMEIC Corporation; Fronius International GmbH; Ingeteam India Pvt. Ltd.; Ginlong Technologies Co. Ltd.; KSTAR New Energy Co. Ltd.; Satcon Technology Corporation; Sineng Electric Co. Ltd.; Growatt New Energy Technology Co. Ltd.; Hitachi Hi-Rel Power Electronics Pvt. Ltd.; Tabuchi Electric Co. Ltd.; GoodWe Power Supply Technology Co. Ltd.; KACO new energy GmbH; Xantrex Technology Inc.; FIMER S.p.A; SMA Solar Technology AG; Power Electronics S.L.
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Inverter Market Characteristics

    3. Inverter Market Trends And Strategies

    4. Inverter Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Inverter Market Size and Growth

    5.1. Global Inverter Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Inverter Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Inverter Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Inverter Market Segmentation

    6.1. Global Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Solar Inverter

    Vehicle Inverter

    Other Types

    6.2. Global Inverter Market, Segmentation By Connection Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    On-Grid

    Off-Grid

    6.3. Global Inverter Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Single Phase

    Three Phase

    6.4. Global Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Direct

    Indirect

    6.5. Global Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Residential

    Industrial

    Commercial

    7. Inverter Market Regional And Country Analysis

    7.1. Global Inverter Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Inverter Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Inverter Market

    8.1. Asia-Pacific Inverter Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Inverter Market

    9.1. China Inverter Market Overview

    9.2. China Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Inverter Market

    10.1. India Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Inverter Market

    11.1. Japan Inverter Market Overview

    11.2. Japan Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Inverter Market

    12.1. Australia Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Inverter Market

    13.1. Indonesia Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Inverter Market

    14.1. South Korea Inverter Market Overview

    14.2. South Korea Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Inverter Market

    15.1. Western Europe Inverter Market Overview

    15.2. Western Europe Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Inverter Market

    16.1. UK Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Inverter Market

    17.1. Germany Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Inverter Market

    18.1. France Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Inverter Market

    19.1. Italy Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Inverter Market

    20.1. Spain Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Inverter Market

    21.1. Eastern Europe Inverter Market Overview

    21.2. Eastern Europe Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Inverter Market

    22.1. Russia Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Inverter Market

    23.1. North America Inverter Market Overview

    23.2. North America Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Inverter Market

    24.1. USA Inverter Market Overview

    24.2. USA Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Inverter Market

    25.1. Canada Inverter Market Overview

    25.2. Canada Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Inverter Market

    26.1. South America Inverter Market Overview

    26.2. South America Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Inverter Market

    27.1. Brazil Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Inverter Market

    28.1. Middle East Inverter Market Overview

    28.2. Middle East Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Inverter Market

    29.1. Africa Inverter Market Overview

    29.2. Africa Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Inverter Market Competitive Landscape And Company Profiles

    30.1. Inverter Market Competitive Landscape

    30.2. Inverter Market Company Profiles

    30.2.1. Mitsubishi Electric Corporation

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Huawei Technologies Co. Ltd.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. General Electric Company

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Schneider Electric SE

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Eaton Corporation

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Inverter Market Other Major And Innovative Companies

    31.1. Delta Electronics Inc.

    31.2. OMRON Corporation

    31.3. Chint Group Co. Ltd.

    31.4. Sungrow Power Supply Co. Ltd.

    31.5. Yaskawa Electric Corporation

    31.6. KOSTAL Solar Electric GmbH

    31.7. SolarEdge Technologies Inc.

    31.8. Enphase Energy Inc.

    31.9. Advanced Energy Industries Inc.

    31.10. TMEIC Corporation

    31.11. Fronius International GmbH

    31.12. Ingeteam India Pvt. Ltd.

    31.13. Ginlong Technologies Co. Ltd.

    31.14. KSTAR New Energy Co. Ltd.

    31.15. Satcon Technology Corporation

    32. Global Inverter Market Competitive Benchmarking

    33. Global Inverter Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Inverter Market

    35. Inverter Market Future Outlook and Potential Analysis

    35.1 Inverter Market In 2028 - Countries Offering Most New Opportunities

    35.2 Inverter Market In 2028 - Segments Offering Most New Opportunities

    35.3 Inverter Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Inverter Market, Segmentation By Connection Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Inverter Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Inverter Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Global Inverter Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: Asia-Pacific, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: China, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: India, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Japan, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Australia, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: Indonesia, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: South Korea, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Western Europe, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: UK, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: Germany, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: France, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Italy, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Spain, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Eastern Europe, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: Russia, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: North America, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: USA, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: Canada, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: South America, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Brazil, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Middle East, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Africa, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 76: Mitsubishi Electric Corporation Financial Performance
  • Table 77: Huawei Technologies Co. Ltd. Financial Performance
  • Table 78: General Electric Company Financial Performance
  • Table 79: Schneider Electric SE Financial Performance
  • Table 80: Eaton Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Inverter Market, Segmentation By Connection Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Inverter Market, Segmentation By Phase, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Inverter Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Global Inverter Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: Asia-Pacific, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: China, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: India, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Japan, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Australia, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: Indonesia, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: South Korea, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Western Europe, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: UK, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: Germany, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: France, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Italy, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Spain, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Eastern Europe, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: Russia, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: North America, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: USA, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: Canada, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: South America, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Brazil, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Middle East, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Inverter Market, Segmentation By Inverter Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Inverter Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Africa, Inverter Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 76: Mitsubishi Electric Corporation Financial Performance
  • Figure 77: Huawei Technologies Co. Ltd. Financial Performance
  • Figure 78: General Electric Company Financial Performance
  • Figure 79: Schneider Electric SE Financial Performance
  • Figure 80: Eaton Corporation Financial Performance
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Frequently Asked Questions

What is the definition of the inverter market?

Inverters refer to a circuit that converts DC current from sources such as batteries or fuel cells into AC current and is also responsible for controlling speed and torque for electric motors. For further insights on the inverter market, request a sample here

How will the inverter market drivers and restraints affect the inverter market dynamics? What forces will shape the inverter industry going forward?

The inverter market major growth driver - the inverter market surge in tandem with global electric vehicle adoption. For further insights on the inverter market, request a sample here

What is the forecast market size or the forecast market value of the inverter market ?

The inverter market size has grown rapidly in recent years. It will grow from $17.32 billion in 2023 to $20.43 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to increasing adoption of renewable energy sources, government incentives, rising energy consumption, consumer electronics boom, automotive electrification. The inverter market size is expected to see rapid growth in the next few years. It will grow to $38.12 billion in 2028 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to increasing deployment of smart grid systems, 5G technology deployment, increasing emphasis on resilient power solutions, climate change mitigation, expanding electrification initiatives. Major trends in the forecast period include hybrid inverter systems, digitalization and IoT integration, energy management platforms, advanced cooling technologies, customized solutions for industries. For further insights on the inverter market, request a sample here

How is the inverter market segmented?

The inverter market is segmented
1) By Inverter Type: Solar Inverter, Vehicle Inverter, Other Types
2) By Connection Type: On-Grid, Off-Grid
3) By Phase: Single Phase, Three Phase
4) By Sales Channel: Direct, Indirect
5) By End-User: Residential, Industrial, CommercialFor further insights on the inverter market,
request a sample here

Which region has the largest share of the inverter market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the inverter market in 2023. The regions covered in the inverter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the inverter market, request a sample here.

Who are the major players in the inverter market?

Major companies operating in the inverter market report are Mitsubishi Electric Corporation, Huawei Technologies Co. Ltd., General Electric Company, Schneider Electric SE, Eaton Corporation, Delta Electronics Inc., OMRON Corporation, Chint Group Co. Ltd., Sungrow Power Supply Co. Ltd., Yaskawa Electric Corporation, KOSTAL Solar Electric GmbH, SolarEdge Technologies Inc., Enphase Energy Inc., Advanced Energy Industries Inc., TMEIC Corporation, Fronius International GmbH, Ingeteam India Pvt. Ltd., Ginlong Technologies Co. Ltd., KSTAR New Energy Co. Ltd., Satcon Technology Corporation, Sineng Electric Co. Ltd., Growatt New Energy Technology Co. Ltd., Hitachi Hi-Rel Power Electronics Pvt. Ltd., Tabuchi Electric Co. Ltd., GoodWe Power Supply Technology Co. Ltd., KACO new energy GmbH, Xantrex Technology Inc., FIMER S.p.A, SMA Solar Technology AG, Power Electronics S.L. For further insights on the inverter market, request a sample here.

What are the key trends in the inverter market?

Major trend in the inverter market - exploring havells’ latest innovation in solar inverters. For further insights on the inverter market, request a sample here.

What are the major opportunities in the inverter market? What are the strategies for the inverter market?

For detailed insights on the major opportunities and strategies in the inverter market, request a sample here.

How does the inverter market relate to the overall economy and other similar markets?

For detailed insights on inverter market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the inverter industry?

For detailed insights on the mergers and acquisitions in the inverter industry, request a sample here.

What are the key dynamics influencing the inverter market growth? SWOT analysis of the inverter market.

For detailed insights on the key dynamics influencing the inverter market growth and SWOT analysis of the inverter industry, request a sample here.