Global Power Converter/Inverter Market Growth 2023-2029

Global Power Converter/Inverter Market Growth 2023-2029

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).

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

This Insight Report provides a comprehensive analysis of the global Power Converter/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 Power Converter/Inverter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Power Converter/Inverter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Converter/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 Power Converter/Inverter.

The global Power Converter/Inverter market size is projected to grow from US$ 214.7 million in 2022 to US$ 325.4 million in 2029; it is expected to grow at a CAGR of 325.4 from 2023 to 2029.

China is the largest Power Converter/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.

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

Market Segmentation:

Segmentation by type
12V
24V
48V and Above

Segmentation by application
Car Appliances
Outdoor Application
Others

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

Key Questions Addressed in this Report

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

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

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

How do Power Converter/Inverter market opportunities vary by end market size?

How does Power Converter/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.