Press release
Power Inverter Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2026
The Power Inverter Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Power Inverter market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Power Inverter market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Power Inverter market.The global power inverter market reached a value of US$ 68.7 Billion in 2020. Looking forward, the market value is projected to reach US$ 95.8 Billion by 2026, growing at a CAGR of 5.8% during 2021-2026.
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Top Leading Companies of Power Inverter Market are - SMA Solar Technology AG, Omron Corporation, ABB Ltd, Tabuchi Electric Co., Ltd, Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), Advanced Energy Industries, Inc., Enphase Energy, Inc., Schneider Electric SE, Huawei Technologies Co., Ltd. and SolarEdge Technologies Inc. and others.
Market Overview:
Power inverters are electric devices that transform direct current (DC) into alternating current (AC). Unlike generators, power inverters offer low operating cost and eliminate the inconvenience of using change-over switches. Owing to these characteristics, they are used to operate several tools, household appliances and other electrical products. Power inverters are available in a variety of sizes, types and power ranges as per the varied consumer needs and preferences. Some of these variants include modified sine wave power inverters, plug-in grid tie power inverters, and solar power inverters.
Key Market Trends:
The rapid economic growth and rising disposable incomes of individuals across the globe have enabled them to spend more on products like power inverters, which enhance their lifestyles and provide comfort. Along with this, with rapid urbanization and growing electrification rates, most people nowadays rely on electronic appliances and gadgets. This has resulted in a significant need for an uninterrupted power supply, in turn increasing the sales of power inverters as an alternate backup solution in case of outages. Besides this, they are noise-free and environment-friendly in nature as they do not emit carbon emissions and eliminate the need for gasoline, which is required for running generators. Moreover, manufacturers are investing in research and development (R&D) activities to introduce new technologies and enhance their operational characteristics. For instance, they have recently invented a new class of power inverters, which use a single switching transistor and generate infinite levels of voltage, as compared to inverters that use multiple transistors and provide only one voltage level.
The Latest Industry Data Included in this Report:
- Power Inverter Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Power Inverter Market (%),2016 - 2026
- Power Inverter Market Share, By Brand
- Power Inverter Market Share, By Company
- Power Inverter Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Power Inverter Market Value Analysis & Forecast
- Promising Power Inverter Development by Major Companies
- Detailed Power Inverter Portfolio of the Major Companies
- Major Deals in the Power Inverter Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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