Power Inverter Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine
The global power inverter market is expected to grow at a CAGR of around 5.4% during 2025-2034. This report on global 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 global power inverter market by segmenting the market based on 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
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 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. Global Power Inverter Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global 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. Global 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. Global 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. Global 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. Global Power Inverter Market by Region
- 8.1. Introduction
- 8.2. Europe
- 8.2.1. Germany
- 8.2.2. United Kingdom
- 8.2.3. France
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Russia
- 8.2.7. Netherlands
- 8.2.8. Rest of the Europe
- 8.3. North America
- 8.3.1. United States
- 8.3.2. Canada
- 8.4. Asia Pacific
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. South Korea
- 8.4.5. Australia
- 8.4.6. Indonesia
- 8.4.7. Rest of the Asia Pacific
- 8.5. Latin America
- 8.5.1. Mexico
- 8.5.2. Brazil
- 8.5.3. Argentina
- 8.5.4. Rest of Latin America
- 8.6. Middle East & Africa
- 8.6.1. Saudi Arabia
- 8.6.2. Turkey
- 8.6.3. Iran
- 8.6.4. United Arab Emirates
- 8.6.5. Rest of Middle East & Africa
- 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. Aquion
- 12.2.5. BASF SE
- 12.2.6. Delta Electronics, Inc.
- 12.2.7. EnergyNest AS
- 12.2.8. Enphase Energy, Inc.
- 12.2.9. Genus Power Infrastructures Ltd
- 12.2.10. Huawei Technologies Co., Ltd.
- 12.2.11. NGK Insulators, Ltd.
- 12.2.12. SMA Solar India Private Limited
- 12.2.13. SolarEdge Technologies Inc.
- 12.2.14. SolarReserve, LLC
- 12.2.15. Sumitomo Corporation
- List of Figures
- Figure 1: Global Power Inverter Market (in US$ Million), 2020-2024
- Figure 2: Global Power Inverter Market by Rating, 2024
- Figure 3: Global Power Inverter Market by Application, 2024
- Figure 4: Global Power Inverter Market by End-Use, 2024
- Figure 5: Global Power Inverter Market by Region, 2024
- Figure 6: Global Power Inverter Market (in US$ Million), 2025-2034
- Figure 7: Global Power Inverter Market by Rating (in %), 2024 & 2034
- Figure 8: Global <5KW Plant Power Inverter Market (in US$ Million), 2020-2024
- Figure 9: Global <5KW Plant Power Inverter Market (in US$ Million), 2025-2034
- Figure 10: Global 5KW to 95KW Power Inverter Market (in US$ Million), 2020-2024
- Figure 11: Global 5KW to 95KW Power Inverter (in US$ Million), 2025-2034
- Figure 12: Global 100KW to 495KW Power Inverter Market (in US$ Million), 2020-2024
- Figure 13: Global 100KW to 495KW Power Inverter Market (in US$ Million), 2025-2034
- Figure 14: Global Above 500KW Power Inverter Market (in US$ Million), 2020-2024
- Figure 15: Global Above 500KW Power Inverter Market (in US$ Million), 2025-2034
- Figure 16: Global Power Inverter Market by Application (in %), 2024 & 2034
- Figure 17: Global Motor Drives Power Inverter Market (in US$ Million), 2020-2024
- Figure 18: Global Motor Drives Power Inverter Market (in US$ Million), 2025-2034
- Figure 19: Global UPS Power Inverter Market (in US$ Million), 2020-2024
- Figure 20: Global UPS Power Inverter Market (in US$ Million), 2025-2034
- Figure 21: Global Rail Traction Power Inverter Market (in US$ Million), 2020-2024
- Figure 22: Global Rail Traction Power Inverter Market (in US$ Million), 2025-2034
- Figure 23: Global Wind Turbines Power Inverter Market (in US$ Million), 2020-2024
- Figure 24: Global Wind Turbines Power Inverter Market (in US$ Million), 2025-2034
- Figure 25: Global Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs) Power Inverter Market (in US$ Million), 2020-2024
- Figure 26: Global Electric Vehicles/Hybrid Electric Vehicles (EVs/HEVs) Power Inverter Market (in US$ Million), 2025-2034
- Figure 27: Global Solar PVs Power Inverter Market (in US$ Million), 2020-2024
- Figure 28: Global Solar PVs Power Inverter Market (in US$ Million), 2025-2034
- Figure 29: Global Other Applications Power Inverter Market (in US$ Million), 2020-2024
- Figure 30: Global Other Applications Power Inverter Market (in US$ Million), 2025-2034
- Figure 31: Global Power Inverter Market by End-Use (in %), 2024 & 2034
- Figure 32: Global Utilities Power Inverter Market (in US$ Million), 2020-2024
- Figure 33: Global Utilities Power Inverter Market (in US$ Million), 2025-2034
- Figure 34: Global Residential Power Inverter Market (in US$ Million), 2020-2024
- Figure 35: Global Residential Power Inverter Market (in US$ Million), 2025-2034
- Figure 36: Global Commercial and Industrial Power Inverter Market (in US$ Million), 2020-2024
- Figure 37: Global Commercial and Industrial Power Inverter Market (in US$ Million), 2025-2034
- Figure 38: Global Automotive and Transportation Power Inverter Market (in US$ Million), 2020-2024
- Figure 39: Global Automotive and Transportation Power Inverter Market (in US$ Million), 2025-2034
- Figure 40: Global Power Inverter Market by Region (in %), 2024 & 2034
- Figure 41: Europe Power Inverter Market (in US$ Million), 2020-2024
- Figure 42: Europe Power Inverter Market (in US$ Million), 2025-2034
- Figure 43: Europe Power Inverter Market by Country (in %), 2024 & 2034
- Figure 44: Germany Power Inverter Market (in US$ Million), 2020-2034
- Figure 45: United Kingdom Power Inverter Market (in US$ Million), 2020-2034
- Figure 46: France Power Inverter Market (in US$ Million), 2020-2034
- Figure 47: Italy Power Inverter Market (in US$ Million), 2020-2034
- Figure 48: Spain Power Inverter Market (in US$ Million), 2020-2034
- Figure 49: Russia Power Inverter Market (in US$ Million), 2020-2034
- Figure 50: Netherlands Power Inverter Market (in US$ Million), 2020-2034
- Figure 51: North America Power Inverter Market (in US$ Million), 2020-2024
- Figure 52: North America Power Inverter Market (in US$ Million), 2025-2034
- Figure 53: North America Power Inverter Market by Country (in %), 2024 & 2034
- Figure 54: United States Power Inverter Market (in US$ Million), 2020-2034
- Figure 55: Canada Power Inverter Market (in US$ Million), 2020-2034
- Figure 56: Asia Pacific Power Inverter Market (in US$ Million), 2020-2024
- Figure 57: Asia Pacific Power Inverter Market (in US$ Million), 2025-2034
- Figure 58: Asia Pacific Power Inverter Market by Country (in %), 2024 & 2034
- Figure 59: China Power Inverter Market (in US$ Million), 2020-2034
- Figure 60: Japan Power Inverter Market (in US$ Million), 2020-2034
- Figure 61: India Power Inverter Market (in US$ Million), 2020-2034
- Figure 62: South Korea Power Inverter Market (in US$ Million), 2020-2034
- Figure 63: Australia Power Inverter Market (in US$ Million), 2020-2034
- Figure 64: Indonesia Power Inverter Market (in US$ Million), 2020-2034
- Figure 65: Latin America Power Inverter Market (in US$ Million), 2020-2024
- Figure 66: Latin America Power Inverter Market (in US$ Million), 2025-2034
- Figure 67: Latin America Power Inverter Market by Country (in %), 2024 & 2034
- Figure 68: Mexico Power Inverter Market (in US$ Million), 2020-2034
- Figure 69: Brazil Power Inverter Market (in US$ Million), 2020-2034
- Figure 70: Argentina Power Inverter Market (in US$ Million), 2020-2034
- Figure 71: Middle East & Africa Power Inverter Market (in US$ Million), 2020-2024
- Figure 72: Middle East & Africa Power Inverter Market (in US$ Million), 2025-2034
- Figure 73: Middle East & Africa Power Inverter Market by Country (in %), 2024 & 2034
- Figure 74: Saudi Arabia Power Inverter Market (in US$ Million), 2020-2034
- Figure 75: Turkey Power Inverter Market (in US$ Million), 2020-2034
- Figure 76: Iran Power Inverter Market (in US$ Million), 2020-2034
- Figure 77: UAE Power Inverter Market (in US$ Million), 2020-2034
- Figure 78: Market Value Chain
- List of Tables
- Table 1: Global Power Inverter Market Portraiture
- Table 2: Global Power Inverter Market by Rating (in US$ Million), 2024 & 2034
- Table 3: Global Power Inverter Market by Application (in US$ Million), 2024 & 2034
- Table 4: Global Power Inverter Market by End-Use (in US$ Million), 2024 & 2034
- Table 5: Global Power Inverter Market by Region (in US$ Million), 2024 & 2034
- Table 6: Europe Power Inverter Market by Country (in US$ Million), 2024 & 2034
- Table 7: North America Power Inverter Market by Country (in US$ Million), 2024 & 2034
- Table 8: Asia Pacific Power Inverter Market by Country (in US$ Million), 2024 & 2034
- Table 9: Latin America Power Inverter Market by Country (in US$ Million), 2024 & 2034
- Table 10: Middle East & Africa Power Inverter Market by Country (in US$ Million),
- 2024 & 2034
- Table 11: List of Key Players
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