Press release
Power Converter/Inverter Market 2021 Size, Status and Global Outlook – Bestek, NFA, Cobra, Kisae Technology, Rally, Energizer
The “Power Converter/Inverter Market” report 2021-2027 is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Power Converter/Inverter market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.
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In 2020, the global Power Converter/Inverter market size was US$ 207.3 million and it is expected to reach US$ 309.7 million by the end of 2027, with a CAGR of 5.9% during 2021-2027.
Top Companies in the Global Power Converter/Inverter Market: Bestek, NFA, Cobra, Kisae Technology, Rally, Energizer, Duracell, Meind, Stanley, Exeltech, Cotek, Samlex, Power Bright, Go Power, Wagan Tech, Magnum Energy, WEHO, Erayak, and Other.
Market Overview:
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). China is the largest Power Converter/Inverter market with about 43% market share. North America is follower, accounting for about 27% market share.
Industry News:
Mitsubishi Electric Corporation announced that it has completed the construction of its new eight plant building at Himeji Works, Hirohata plant, by investing around USD 63.6 million. The new plant boasts of the production of motors, generators, as well as inverters for hybrid and electric vehicles.
Nidec Corporation and France’s Groupe PSA have completed the establishment of a joint venture to develop, manufacture, and sell automotive traction motors and inverters. The new company, Nidec PSA motors, has invested around USD 177.7 million and both the companies hold a share of 50% each.
This report segments the global Power Converter/Inverter market on the basis of Types are:
12V
24V
48V and Above
On the basis of Application, the Global Power Converter/Inverter market is segmented into:
Car Appliances
Outdoor Application
Others
Regional Analysis For Power Converter/Inverter Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Power Converter/Inverter market report:
-Comprehensive assessment of all opportunities and risks in the Power Converter/Inverter market.
–Power Converter/Inverter market recent innovations and major events.
-Detailed study of business strategies for growth of the Power Converter/Inverter market-leading players.
-Conclusive study about the growth plot of Power Converter/Inverter market for forthcoming years.
-In-depth understanding of Power Converter/Inverter market-particular drivers, constraints, and major micro markets.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Power Converter/Inverter Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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The research includes historic data from 2015 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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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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