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Global Power Inverter Market: By Rating; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Loans and Financial Assistance; Project Economics; Competitive Landscape; Industry Events and Developments
Global Power Inverter Market Outlook
The global power inverter market size reached a value of about USD 70.5 billion in 2020. The market is further expected to increase at a CAGR of about 6% between 2021 and 2026 to reach a value of approximately USD 99.6 billion by 2026.
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The global power inverter market is being dominated by the Asia Pacific region owing to the increased establishment of multinational companies in the region, due to low manufacturing costs and readily available cheap labour.
There are currently a variety of favourable factors driving the power inverter market. The industry growth is also boosted by technological innovations that have led to portable inverters that could be used to charge cell phones and tablets while commuting. Based on rating, 100KW to 495KW accounts for the largest share of the global power inverter market. On the basis of the application, the EMR report finds that motor drives account for the highest profit margins. Due to the high reliance on electronic devices, the market for motor drives is on the rise throughout the globe. The utilities sector, meanwhile, dominates the end-use sector.
Properties and Applications
Power inverter refers to an electronic system that converts direct current (DC) from solar panels, batteries, or high voltage DC transmission lines to alternating current (AC). It is used to run machines, equipment, as well as other residential and commercial electrical appliances. Unlike traditional generators, the inverter is usually smaller, lighter, and more energy-saving. Throughout the years, they have gained popularity by providing a highly efficient and reliable power source, offering low operating costs and reducing the inconvenience of switching.
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On the basis of rating, the power inverter market can be divided into:
- <5KW
- 5KW to 95KW
- 100KW to 495KW
- Above 500KW
It finds wide application in the following sectors:
- Motor Drives
- UPS
- Rail Traction
- Wind Turbines
- Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs)
- Solar PVs
- Others
It finds its end-uses in the following sectors:
- Utilities
- Residential
- Commercial and Industrial
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
With growing electrification as well as rapid urbanisation, most of the population is now dependent on electronic appliances and devices, including air conditioners, televisions, computers, and refrigerators, among others. It has resulted in a major demand for power inverters to provide an uninterrupted electricity source and an effective backup solution in the case of emergencies. In addition, inverters generate zero emissions while generating energy and are also substantially quieter in operation than standard generators. The manufacturers in the industry are making investments in R&D activities to develop new technologies that will improve the characteristics associated with the use of these inverters.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global power inverter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ABB Ltd
- OMRON Corporation
- SMA Solar Technology AG
- Tabuchi Electric Co., Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Rating, Application, End Use, Region |
| Breakup by Rating | <5KW, 5KW to 95KW, 100KW to 495KW, Above 500KW |
| Breakup by Application | Motor Drives, UPS, Rail Traction, Wind Turbines, EVs/HEVs, Solar PVs, Others |
| Breakup by End Use | Utilities, Residential, Commercial and Industrial, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ABB Ltd, OMRON Corporation, SMA Solar Technology AG, Tabuchi Electric Co.,Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Power Inverter Market Analysis
8.1 Key Industry Highlights
8.2 Global Power Inverter Historical Market (2016-2020)
8.3 Global Power Inverter Market Forecast (2021-2026)
8.4 Global Power Inverter Market by Rating
8.4.1 <5KW
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 5KW to 95KW
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 100KW to 495KW
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Above 500KW
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.5 Global Power Inverter Market by Application
8.5.1 Motor Drives
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 UPS
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Rail Traction
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Wind Turbines
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 EVs/HEVs
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2016-2020)
8.5.5.3 Forecast Trend (2021-2026)
8.5.6 Solar PVs
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2016-2020)
8.5.6.3 Forecast Trend (2021-2026)
8.5.7 Others
8.6 Global Power Inverter Market by End Use
8.6.1 Utilities
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Residential
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Commercial and Industrial
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Others
8.7 Global Power Inverter Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Market (2016-2020)
9.3.2 Market Forecast (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Loans and Financial Assistance
13 Project Economics
13.1 Capital Cost of Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players' Market Share
14.3 Company Profiles
14.3.1 ABB Ltd
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Financial Summary
14.3.1.5 Certifications
14.3.2 OMRON Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Financial Summary
14.3.2.5 Certifications
14.3.3 SMA Solar Technology AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Financial Summary
14.3.3.5 Certifications
14.3.4 Tabuchi Electric Co.,Ltd
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Financial Summary
14.3.4.5 Certifications
14.3.5 Others
15 Industry Events and Developments
List of Figures and Tables
1. Global Power Inverter Market: Key Industry Highlights, 2016 and 2026
2. Global Power Inverter Historical Market: Breakup by Rating (USD Billion), 2016-2020
3. Global Power Inverter Market Forecast: Breakup by Rating (USD Billion), 2021-2026
4. Global Power Inverter Historical Market: Breakup by Application (USD Billion), 2016-2020
5. Global Power Inverter Market Forecast: Breakup by Application (USD Billion), 2021-2026
6. Global Power Inverter Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Power Inverter Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Power Inverter Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Power Inverter Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Power Inverter Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Power Inverter Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Power Inverter Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Power Inverter Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Power Inverter Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Power Inverter Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Power Inverter Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Power Inverter Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Global Power Inverter Market Structure
Key Questions Answered in the Report
In 2020, the global power inverter market attained a value of nearly USD 70.5 billion.
In the forecast period of 2021-2026, the market is projected to grow at a CAGR of almost 6%.
By 2026, the market is estimated to reach a value of about USD 99.6 billion.
The major drivers of the industry such as rising disposable incomes, increasing urbanisation, growing electrification, and rising need for uninterrupted electricity supply are expected to aid the market growth.
The development of portable inverter that could be utilised to charge cell phones while commuting and the rising R&D activities to improve the characteristics of the product are the major trends guiding the growth of the industry.
The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market.
The leading rating type in the industry is 100KW to 495KW.
The motor drives segment accounted for the largest market share among other application segments.
The utilities sector is the most significant end-use sector in the market.
The leading players in the market are ABB Ltd, OMRON Corporation, SMA Solar Technology AG, and Tabuchi Electric Co., Ltd, among others.
Analyst Review
The global power inverter market attained a value of USD 70.5 billion in 2020 driven by the growing electrification and rising need for uninterrupted power. Aided by rising R&D activities and growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6%. The market is projected to reach USD 99.6 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on rating, the market can be segmented into <5KW, 5KW to 95KW, 100KW to 495KW, and above 500KW, with 100KW to 495KW accounting for the largest market share. On the basis of application, the motor drives sector accounts for the global market. Utilities, residential, and commercial and industrial sectors are the major end-use sectors in the market, with the utilities sector accounting for the largest share in the market. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include ABB Ltd, OMRON Corporation, SMA Solar Technology AG, and Tabuchi Electric Co., Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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