Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Power Inverter Market is Expected To Display Steady Growth by 2027

Urja Daily by Urja Daily
August 30, 2022
in Market Research
Reading Time: 5 mins read
0
Power Inverter
Share on FacebookShare on TwitterShare on Linkedin

NOIDA, India : According to a new report published by UnivDatos Markets Insights the Power Inverter Market is expected to grow at a CAGR of over 5% from 2021-2027. The analysis has been segmented into Type (<5KW, 5KW to 95KW, 100kw TO 495KW, Above 500KW); Application (Motor Drivers, UPS, Rail Traction, Wind Turbines, Electric vehicles & Hybrid Electric Vehicles, Solar PV’s, Others); End-Use (Residential, Commercial); Region/Country.

The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Power Inverter Market in the Global context. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Global Power Inverter Market at the regional & country levels.

RELATED POSTS

Can Electric Buses Fully Replace Diesel by 2030?

Key Trends Driving the Future of the Global Actuator Sensor Interface Market

Market Overview

The power inverter market is expected to register significant growth throughout 2021-2027. Some of the factors that drive the demand for power inverters in the market are the primary elements that enhance the adoption of the power inverters throughout the residential and the economic sectors the low value of operation and the removal of the inconveniences related to the change-over switches, unlike the energy generators. Power inverters are applied for operating diverse appliances and electric products. Moreover, with the consistent growth in electrification rate and urbanization, people rely more on electronic gadgets which enhance their lifestyle and provide them comfort. Thus, the rising need for continuous power backup has been driving the market for power inverters, especially in developing countries like China, India, Brazil, and Mexico.

COVID-19 Impact

COVID-19 is a global pandemic that has accelerated the demand for Power Inverters for aged people and patients with critical conditions. As the coronavirus cases increase, many countries face a critical shortage of beds in the hospitals. In addition, In the healthcare industry, the pandemic directly disturbed the manufacturing, demand, and supply chain worldwide. However, as governments across increase spending on healthcare infrastructure to fight the COVID-19 pandemic, the demand for Power Inverters rose substantially in the last two quarters of 2020 and is further expected to steady growth during the forecast period.

The global Power Inverter Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

  • Based on type, the market is classified into <5KW, 5KW to 95KW, 100kw TO 495KW, and Above 500KW. Amongst these, 5KW to 95KW held a significant share of the market owing to high efficiency and long operating life, fast and easy installation, especially in residential buildings. Further, the growth of the market can be mainly attributed to the increase in the number of solar rooftop installations in various countries
  • Based on application, the market is categorized into motor drivers, ups, rail traction, wind turbines, electric vehicles/ hybrid electric vehicles, solar PVs, and others. Motor Drivers held a prominent share in the market in 2020. This can be linked to the growing popularity and adoption of motor drivers over the world. Motor drivers are responsible for 45% of total electric energy use across all the appliances. The rise of the power inverter market is aided by the greater efficiency of motor drivers.
  • Based on end-use, the market is classified into residential and commercial. The residential sector captured a significant share of the market in 2020. It is mainly owing to the growing number of residential structures and urbanization coupled with the rapid increase of power backup systems in the residential sector.

Power Inverter Market Geographical Segmentation Includes:

  • North America (United States, Canada, and Rest of North America)
  • Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
  • Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
  • Rest of the World

For a better understanding of the market adoption of power inverter market, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, and rest of North America); Europe (Germany, UK, France Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. The Asia Pacific dominates the market due to increasing investments in the photovoltaic (PV) plants, the rise of installations in the residential sector along with the shift towards electrical vehicles in countries in developing countries, coupled with growing rapid economic growth and rising disposable incomes of individuals across the globe have enabled them to spend more on products like power inverter and these are some of the major factors that drive the growth of power inverter market.

The major players targeting the market include

  • Samlex America Inc.
  • Solar Edge Technology Inc.
  • Power Bright
  • SMA Solar Technology
  • Magnum Dimensions
  • Calsonic Kansei
  • Tabuchi Electric Co.
  • ABB Ltd
  • Omron Automation Pvt. Ltd
  • Enphase Energy, Inc

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the global context. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Power Inverter Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and advancements in the Power Inverter Market?
  • Which factors are influencing the Power Inverter Market over the forecast period?
  • What are the challenges, threats, and risks in the Power Inverter Market?
  • Which factors are propelling and restraining the Power Inverter Market?
  • What are the demanding regions of the Power Inverter Market globally?
  • What will be the market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by the companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.

Tags: electric vehiclesHybrid Electric VehiclesMotor DriversPower InverterRail TractionSolar PV'sUnivDatos Markets InsightsUPSWind Turbines
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Electric Buses

Can Electric Buses Fully Replace Diesel by 2030?

by Palak
June 4, 2025
0

As the world accelerates its efforts to decarbonize transportation, electric buses are rapidly becoming the backbone of urban transit strategies....

Persistence Market Research

Key Trends Driving the Future of the Global Actuator Sensor Interface Market

by Palak
June 4, 2025
0

As industries transition toward smart factories and digital manufacturing, the Actuator Sensor Interface Market has emerged as a critical enabler of...

Low Carbon Building

Massive Growth Ahead: Low Carbon Building Market Eyes $1.3 Trillion by 2033

by Palak
May 9, 2025
0

According to a new report published by Allied Market Research, the low carbon building market size was valued at $0.6...

Physical Security Market

Top 5 Breakthroughs Reshaping the Physical Security Market

by Palak
May 7, 2025
0

In an increasingly volatile and unpredictable world, the demand for robust and advanced physical security solutions has never been greater....

Well Intervention Market

Well Intervention Market 2031: Growth Driven by Tech and Subsea Demand

by Palak
May 7, 2025
0

The well intervention market is undergoing a significant transformation driven by the interplay of technological innovation, increasing energy demands, and...

Next Post
Sinclair Digital LG ESS

Sinclair Digital Becomes Reseller for LG Electronics' Commercial Energy Storage Systems

Saera

Saera Awarded in The Category “OEM with Highest Number of Li-ion Based e-rickshaw/e-cart Sales ”

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

LNG Market

Leading LNG Exporters Driving the Global Market

June 9, 2025
Orb Energy

Bergen Pipe Supports Goes Solar with 700 kW Rooftop System from Orb Energy

June 9, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Leading LNG Exporters Driving the Global Market

Bergen Pipe Supports Goes Solar with 700 kW Rooftop System from Orb Energy

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

HyperloopTT’s Italian Project Begins Operations

World Environment Day 2025

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved