North America Power Inverter Market: Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine
The North America power inverter market is expected to grow at a CAGR of around 5.5% during 2025-2034. This report on North America power inverter market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the North America power inverter market by segmenting the market based on battery rating, application, end-use and region. Also, detailed profiles of companies operating in the power inverter market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Growing Investments in Renewable Energy
• Growing Technological Advancements
Market Challenges
• High Initial Investments
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Rating
• <5KW
• 5KW to 95KW
• 100KW to 495KW
• Above 500KW
Market by Application
• UPS
• Rail Traction
• Wind Turbines
• Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs)
• Solar PVs
• Other Applications
Market by End-Use
• Utilities
• Residential
• Commercial and Industrial
• Automotive and Transportation
Market by Region
• United States
• Canada
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. North America Power Inverter Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. North America Power Inverter Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Product
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. North America Power Inverter Market by Rating
- 5.1. Introduction
- 5.2. <5KW
- 5.3. 5KW to 95KW
- 5.4. 100KW to 495KW
- 5.5. Above 500KW
- 6. North America Power Inverter Market by Application
- 6.1. Introduction
- 6.2. Motor Drives
- 6.3. UPS
- 6.4. Rail Traction
- 6.5. Wind Turbines
- 6.6. Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs)
- 6.7. Solar PVs
- 6.8. Other Applications
- 7. North America Power Inverter Market by End-Use
- 7.1. Introduction
- 7.2. Utilities
- 7.3. Residential
- 7.4. Commercial and Industrial
- 7.5. Automotive and Transportation
- 8. North America Power Inverter Market by Region
- 8.1. Introduction
- 8.2. United States
- 8.3. Canada
- 9. SWOT Analysis
- 10. Porter’s Five Forces
- 11. Market Value Chain Analysis
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Company Profiles
- 12.2.1. ABB Ltd.
- 12.2.2. Alfa Laval Corporate AB
- 12.2.3. Ambri Incorporated
- 12.2.4. BASF SE
- 12.2.5. Delta Electronics, Inc.
- 12.2.6. EnergyNest AS
- 12.2.7. Genus Power Infrastructures Ltd
- 12.2.8. Huawei Technologies Co., Ltd.
- 12.2.9. Sumitomo Corporation
- List of Figures
- Figure 1: North America Power Inverter Market (in US$ Million), 2020-2024
- Figure 2: North America Power Inverter Market by Rating, 2024
- Figure 3: North America Power Inverter Market by Application, 2024
- Figure 4: North America Power Inverter Market by End-Use, 2024
- Figure 5: North America Power Inverter Market by Region, 2024
- Figure 6: North America Power Inverter Market (in US$ Million), 2025-2034
- Figure 7: North America Power Inverter Market by Rating (in %), 2024 & 2034
- Figure 8: North America <5KW Plant Power Inverter Market (in US$ Million), 2020-2024
- Figure 9: North America <5KW Plant Power Inverter Market (in US$ Million), 2025-2034
- Figure 10: North America 5KW to 95KW Power Inverter Market (in US$ Million), 2020-2024
- Figure 11: North America 5KW to 95KW Power Inverter (in US$ Million), 2025-2034
- Figure 12: North America 100KW to 495KW Power Inverter Market (in US$ Million), 2020-2024
- Figure 13: North America 100KW to 495KW Power Inverter Market (in US$ Million), 2025-2034
- Figure 14: North America Above 500KW Power Inverter Market (in US$ Million), 2020-2024
- Figure 15: North America Above 500KW Power Inverter Market (in US$ Million), 2025-2034
- Figure 16: North America Power Inverter Market by Application (in %), 2024 & 2034
- Figure 17: North America Motor Drives Power Inverter Market (in US$ Million), 2020-2024
- Figure 18: North America Motor Drives Power Inverter Market (in US$ Million), 2025-2034
- Figure 19: North America UPS Power Inverter Market (in US$ Million), 2020-2024
- Figure 20: North America UPS Power Inverter Market (in US$ Million), 2025-2034
- Figure 21: North America Rail Traction Power Inverter Market (in US$ Million), 2020-2024
- Figure 22: North America Rail Traction Power Inverter Market (in US$ Million), 2025-2034
- Figure 23: North America Wind Turbines Power Inverter Market (in US$ Million), 2020-2024
- Figure 24: North America Wind Turbines Power Inverter Market (in US$ Million), 2025-2034
- Figure 25: North America Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs) Power Inverter Market (in US$ Million), 2020-2024
- Figure 26: North America Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs) Power Inverter Market (in US$ Million), 2025-2034
- Figure 27: North America Solar PVs Power Inverter Market (in US$ Million), 2020-2024
- Figure 28: North America Solar PVs Power Inverter Market (in US$ Million), 2025-2034
- Figure 29: North America Other Applications Power Inverter Market (in US$ Million), 2020-2024
- Figure 30: North America Other Applications Power Inverter Market (in US$ Million), 2025-2034
- Figure 31: North America Power Inverter Market by End-Use (in %), 2024 & 2034
- Figure 32: North America Utilities Power Inverter Market (in US$ Million), 2020-2024
- Figure 33: North America Utilities Power Inverter Market (in US$ Million), 2025-2034
- Figure 34: North America Residential Power Inverter Market (in US$ Million), 2020-2024
- Figure 35: North America Residential Power Inverter Market (in US$ Million), 2025-2034
- Figure 36: North America Commercial and Industrial Power Inverter Market (in US$ Million), 2020-2024
- Figure 37: North America Commercial and Industrial Power Inverter Market (in US$ Million), 2025-2034
- Figure 38: North America Automotive and Transportation Power Inverter Market (in US$ Million), 2020-2024
- Figure 39: North America Automotive and Transportation Power Inverter Market (in US$ Million), 2025-2034
- Figure 40: North America Power Inverter Market by Region (in %), 2024 & 2034
- Figure 41: United States Power Inverter Market (in US$ Million), 2020-2024
- Figure 42: United States Power Inverter Market (in US$ Million), 2025-2034
- Figure 43: Canada Power Inverter Market (in US$ Million), 2020-2024
- Figure 44: Canada Power Inverter Market (in US$ Million), 2025-2034
- Figure 45: Market Value Chain
- List of Tables
- Table 1: North America Power Inverter Market Portraiture
- Table 2: North America Power Inverter Market by Rating (in US$ Million), 2024 & 2034
- Table 3: North America Power Inverter Market by Application (in US$ Million), 2024 & 2034
- Table 4: North America Power Inverter Market by End-Use (in US$ Million), 2024 & 2034
- Table 5: North America Power Inverter Market by Region (in US$ Million), 2024 & 2034
- Table 6: List of Key Players
Research Assistance
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