Global Inverter Market Growth 2023-2029

Global Inverter Market Growth 2023-2029

A power inverter, or inverter, is an electronic device or circuitry that changes direct current (DC) to alternating current (AC). The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source.

LPI (LP Information)' newest research report, the “Inverter Industry Forecast” looks at past sales and reviews total world Inverter sales in 2022, providing a comprehensive analysis by region and market sector of projected Inverter sales for 2023 through 2029. With Inverter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Inverter industry.

This Insight Report provides a comprehensive analysis of the global Inverter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Inverter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Inverter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Inverter and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Inverter.

The global Inverter market size is projected to grow from US$ 14700 million in 2022 to US$ 37140 million in 2029; it is expected to grow at a CAGR of 37140 from 2023 to 2029.

An inverter can produce a square wave, modified sine wave, pulsed sine wave, pulse width modulated wave (PWM) or sine wave depending on circuit design. The two dominant commercialized waveform types of inverters are modified sine wave and square wave.

This report presents a comprehensive overview, market shares, and growth opportunities of Inverter market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Small Power Inverter
Medium Power Inverter
High Power Inverter

Segmentation by application
Residential
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
SMA Solar Technology
Mitsubishi Electric
Danfoss
Siemens (KACO)
Delta Electronics
Schneider Electric
Eaton
OMRON
Tabuchi Electric
Sungrow Power
Power Electronics
TBEA
SiNENG
GoodWe
FIMER
Fronius
Powerone Micro System
Enphase Energy
Bonfiglioli

Key Questions Addressed in this Report

What is the 10-year outlook for the global Inverter market?

What factors are driving Inverter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Inverter market opportunities vary by end market size?

How does Inverter break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.