Power Converter and Inverter Industry Research Report 2024

Power Converter and Inverter Industry Research Report 2024


Converters and inverters are electrical devices that convert current. Converters convert the voltage of an electric device, usually alternating current (AC) to direct current (DC). On the other hand, inverters convert direct current (DC) to alternating current (AC).

Highlights

The global Power Converter and Inverter market is projected to reach US$ million by 2030 from an estimated US$ million in 2024, at a CAGR of % during 2025 and 2030.
China is the largest Power Converter and Inverter market with about 43% market share. North America is follower, accounting for about 27% market share.
The key players are Bestek, NFA, Cobra, Kisae Technology, Rally, Energizer, Duracell, Meind, Stanley, Exeltech, Cotek, Samlex, Power Bright, Go Power, Wagan Tech, Magnum Energy, WEHO, Erayak etc. Top 3 companies occupied about 29% market share.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Power Converter and Inverter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Converter and Inverter.
The Power Converter and Inverter market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Converter and Inverter market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Converter and Inverter manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Bestek
NFA
Cobra
Kisae Technology
Rally
Energizer
Duracell
Meind
Stanley
Exeltech
Cotek
Samlex
Power Bright
Go Power
Wagan Tech
Magnum Energy
WEHO
Erayak

Product Type Insights

Global markets are presented by Power Converter and Inverter type, along with growth forecasts through 2030. Estimates on production and value are based on the price in the supply chain at which the Power Converter and Inverter are procured by the manufacturers.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and during the historical period (2019-2024) and forecast period (2025-2030).
Power Converter and Inverter segment by Type

12V Power Converter
24V Power Converter
48V and Above

Application Insights

This report has provided the market size (production and revenue data) by application, during the historical period (2019-2024) and forecast period (2025-2030).
This report also outlines the market trends of each segment and consumer behaviors impacting the Power Converter and Inverter market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Power Converter and Inverter market.
Power Converter and Inverter segment by Application

Car Appliances
Outdoor Application
Others

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2019-2030.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2023 because of the base year, with estimates for 2024 and forecast value for 2030.
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Power Converter and Inverter market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Power Converter and Inverter market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Power Converter and Inverter and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Power Converter and Inverter industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Power Converter and Inverter.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Power Converter and Inverter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Power Converter and Inverter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Power Converter and Inverter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Power Converter and Inverter by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030) & (US$ Million)
1.2.2 12V Power Converter
1.2.3 24V Power Converter
1.2.4 48V and Above
2.3 Power Converter and Inverter by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030) & (US$ Million)
2.3.2 Car Appliances
2.3.3 Outdoor Application
2.3.4 Others
2.4 Global Market Growth Prospects
2.4.1 Global Power Converter and Inverter Production Value Estimates and Forecasts (2019-2030)
2.4.2 Global Power Converter and Inverter Production Capacity Estimates and Forecasts (2019-2030)
2.4.3 Global Power Converter and Inverter Production Estimates and Forecasts (2019-2030)
2.4.4 Global Power Converter and Inverter Market Average Price (2019-2030)
3 Market Competitive Landscape by Manufacturers
3.1 Global Power Converter and Inverter Production by Manufacturers (2019-2024)
3.2 Global Power Converter and Inverter Production Value by Manufacturers (2019-2024)
3.3 Global Power Converter and Inverter Average Price by Manufacturers (2019-2024)
3.4 Global Power Converter and Inverter Industry Manufacturers Ranking, 2022 VS 2023 VS 2024
3.5 Global Power Converter and Inverter Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Power Converter and Inverter Manufacturers, Product Type & Application
3.7 Global Power Converter and Inverter Manufacturers, Date of Enter into This Industry
3.8 Global Power Converter and Inverter Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Bestek
4.1.1 Bestek Power Converter and Inverter Company Information
4.1.2 Bestek Power Converter and Inverter Business Overview
4.1.3 Bestek Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.1.4 Bestek Product Portfolio
4.1.5 Bestek Recent Developments
4.2 NFA
4.2.1 NFA Power Converter and Inverter Company Information
4.2.2 NFA Power Converter and Inverter Business Overview
4.2.3 NFA Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.2.4 NFA Product Portfolio
4.2.5 NFA Recent Developments
4.3 Cobra
4.3.1 Cobra Power Converter and Inverter Company Information
4.3.2 Cobra Power Converter and Inverter Business Overview
4.3.3 Cobra Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.3.4 Cobra Product Portfolio
4.3.5 Cobra Recent Developments
4.4 Kisae Technology
4.4.1 Kisae Technology Power Converter and Inverter Company Information
4.4.2 Kisae Technology Power Converter and Inverter Business Overview
4.4.3 Kisae Technology Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.4.4 Kisae Technology Product Portfolio
4.4.5 Kisae Technology Recent Developments
4.5 Rally
4.5.1 Rally Power Converter and Inverter Company Information
4.5.2 Rally Power Converter and Inverter Business Overview
4.5.3 Rally Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.5.4 Rally Product Portfolio
4.5.5 Rally Recent Developments
4.6 Energizer
4.6.1 Energizer Power Converter and Inverter Company Information
4.6.2 Energizer Power Converter and Inverter Business Overview
4.6.3 Energizer Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.6.4 Energizer Product Portfolio
4.6.5 Energizer Recent Developments
4.7 Duracell
4.7.1 Duracell Power Converter and Inverter Company Information
4.7.2 Duracell Power Converter and Inverter Business Overview
4.7.3 Duracell Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.7.4 Duracell Product Portfolio
4.7.5 Duracell Recent Developments
4.8 Meind
4.8.1 Meind Power Converter and Inverter Company Information
4.8.2 Meind Power Converter and Inverter Business Overview
4.8.3 Meind Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.8.4 Meind Product Portfolio
4.8.5 Meind Recent Developments
4.9 Stanley
4.9.1 Stanley Power Converter and Inverter Company Information
4.9.2 Stanley Power Converter and Inverter Business Overview
4.9.3 Stanley Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.9.4 Stanley Product Portfolio
4.9.5 Stanley Recent Developments
4.10 Exeltech
4.10.1 Exeltech Power Converter and Inverter Company Information
4.10.2 Exeltech Power Converter and Inverter Business Overview
4.10.3 Exeltech Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
4.10.4 Exeltech Product Portfolio
4.10.5 Exeltech Recent Developments
7.11 Cotek
7.11.1 Cotek Power Converter and Inverter Company Information
7.11.2 Cotek Power Converter and Inverter Business Overview
4.11.3 Cotek Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
7.11.4 Cotek Product Portfolio
7.11.5 Cotek Recent Developments
7.12 Samlex
7.12.1 Samlex Power Converter and Inverter Company Information
7.12.2 Samlex Power Converter and Inverter Business Overview
7.12.3 Samlex Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
7.12.4 Samlex Product Portfolio
7.12.5 Samlex Recent Developments
7.13 Power Bright
7.13.1 Power Bright Power Converter and Inverter Company Information
7.13.2 Power Bright Power Converter and Inverter Business Overview
7.13.3 Power Bright Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
7.13.4 Power Bright Product Portfolio
7.13.5 Power Bright Recent Developments
7.14 Go Power
7.14.1 Go Power Power Converter and Inverter Company Information
7.14.2 Go Power Power Converter and Inverter Business Overview
7.14.3 Go Power Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
7.14.4 Go Power Product Portfolio
7.14.5 Go Power Recent Developments
7.15 Wagan Tech
7.15.1 Wagan Tech Power Converter and Inverter Company Information
7.15.2 Wagan Tech Power Converter and Inverter Business Overview
7.15.3 Wagan Tech Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
7.15.4 Wagan Tech Product Portfolio
7.15.5 Wagan Tech Recent Developments
7.16 Magnum Energy
7.16.1 Magnum Energy Power Converter and Inverter Company Information
7.16.2 Magnum Energy Power Converter and Inverter Business Overview
7.16.3 Magnum Energy Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
7.16.4 Magnum Energy Product Portfolio
7.16.5 Magnum Energy Recent Developments
7.17 WEHO
7.17.1 WEHO Power Converter and Inverter Company Information
7.17.2 WEHO Power Converter and Inverter Business Overview
7.17.3 WEHO Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
7.17.4 WEHO Product Portfolio
7.17.5 WEHO Recent Developments
7.18 Erayak
7.18.1 Erayak Power Converter and Inverter Company Information
7.18.2 Erayak Power Converter and Inverter Business Overview
7.18.3 Erayak Power Converter and Inverter Production, Value and Gross Margin (2019-2024)
7.18.4 Erayak Product Portfolio
7.18.5 Erayak Recent Developments
5 Global Power Converter and Inverter Production by Region
5.1 Global Power Converter and Inverter Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.2 Global Power Converter and Inverter Production by Region: 2019-2030
5.2.1 Global Power Converter and Inverter Production by Region: 2019-2024
5.2.2 Global Power Converter and Inverter Production Forecast by Region (2025-2030)
5.3 Global Power Converter and Inverter Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.4 Global Power Converter and Inverter Production Value by Region: 2019-2030
5.4.1 Global Power Converter and Inverter Production Value by Region: 2019-2024
5.4.2 Global Power Converter and Inverter Production Value Forecast by Region (2025-2030)
5.5 Global Power Converter and Inverter Market Price Analysis by Region (2019-2024)
5.6 Global Power Converter and Inverter Production and Value, YOY Growth
5.6.1 North America Power Converter and Inverter Production Value Estimates and Forecasts (2019-2030)
5.6.2 Europe Power Converter and Inverter Production Value Estimates and Forecasts (2019-2030)
5.6.3 China Power Converter and Inverter Production Value Estimates and Forecasts (2019-2030)
5.6.4 Japan Power Converter and Inverter Production Value Estimates and Forecasts (2019-2030)
5.6.5 China Taiwan Power Converter and Inverter Production Value Estimates and Forecasts (2019-2030)
6 Global Power Converter and Inverter Consumption by Region
6.1 Global Power Converter and Inverter Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
6.2 Global Power Converter and Inverter Consumption by Region (2019-2030)
6.2.1 Global Power Converter and Inverter Consumption by Region: 2019-2030
6.2.2 Global Power Converter and Inverter Forecasted Consumption by Region (2025-2030)
6.3 North America
6.3.1 North America Power Converter and Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.3.2 North America Power Converter and Inverter Consumption by Country (2019-2030)
6.3.3 U.S.
6.3.4 Canada
6.4 Europe
6.4.1 Europe Power Converter and Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.4.2 Europe Power Converter and Inverter Consumption by Country (2019-2030)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific
6.5.1 Asia Pacific Power Converter and Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.5.2 Asia Pacific Power Converter and Inverter Consumption by Country (2019-2030)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 China Taiwan
6.5.7 Southeast Asia
6.5.8 India
6.5.9 Australia
6.6 Latin America, Middle East & Africa
6.6.1 Latin America, Middle East & Africa Power Converter and Inverter Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.6.2 Latin America, Middle East & Africa Power Converter and Inverter Consumption by Country (2019-2030)
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Turkey
6.6.5 GCC Countries
7 Segment by Type
7.1 Global Power Converter and Inverter Production by Type (2019-2030)
7.1.1 Global Power Converter and Inverter Production by Type (2019-2030) & (K Units)
7.1.2 Global Power Converter and Inverter Production Market Share by Type (2019-2030)
7.2 Global Power Converter and Inverter Production Value by Type (2019-2030)
7.2.1 Global Power Converter and Inverter Production Value by Type (2019-2030) & (US$ Million)
7.2.2 Global Power Converter and Inverter Production Value Market Share by Type (2019-2030)
7.3 Global Power Converter and Inverter Price by Type (2019-2030)
8 Segment by Application
8.1 Global Power Converter and Inverter Production by Application (2019-2030)
8.1.1 Global Power Converter and Inverter Production by Application (2019-2030) & (K Units)
8.1.2 Global Power Converter and Inverter Production by Application (2019-2030) & (K Units)
8.2 Global Power Converter and Inverter Production Value by Application (2019-2030)
8.2.1 Global Power Converter and Inverter Production Value by Application (2019-2030) & (US$ Million)
8.2.2 Global Power Converter and Inverter Production Value Market Share by Application (2019-2030)
8.3 Global Power Converter and Inverter Price by Application (2019-2030)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Power Converter and Inverter Value Chain Analysis
9.1.1 Power Converter and Inverter Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Power Converter and Inverter Production Mode & Process
9.2 Power Converter and Inverter Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Power Converter and Inverter Distributors
9.2.3 Power Converter and Inverter Customers
10 Global Power Converter and Inverter Analyzing Market Dynamics
10.1 Power Converter and Inverter Industry Trends
10.2 Power Converter and Inverter Industry Drivers
10.3 Power Converter and Inverter Industry Opportunities and Challenges
10.4 Power Converter and Inverter Industry Restraints
11 Report Conclusion
12 Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings