Inverter Global 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

Name: Inverter Global Market Report 2024
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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.

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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 Attribute	Details
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 Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

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?

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.