Press release
Global Inverter Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Inverter
What Is the Projected Growth of the Inverter Market?
In recent times, there has been a swift expansion in the inverter market size. The market, currently valued at $20.11 billion in 2024, is set to rise to $23.56 billion in 2025, recording a CAGR of 17.1%. The significant growth during the past period is due to several factors such as increased usage of renewable energy sources, government subsidies, the spike in energy consumption, the surge in consumer electronics, and an upswing in automotive electrification.
In the coming years, the inverter market size is predicted to experience a considerable surge. It is projected to reach a size of $43.26 billion by 2029, with a compound annual growth rate (CAGR) of 16.4%. The anticipated growth during this forecast period can be ascribed to the rising implementation of smart grid systems, the deployment of 5G technology, an increasing focus on robust power solutions, efforts toward mitigating climate change, and the expansion of electrification initiatives. The major trends expected in this forecast period encompass hybrid inverter systems, digitalization and integration with the Internet of Things (IoT), energy management platforms, innovative cooling technologies, and tailored solutions for various industries.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8045
What Are the Different Inverter Market Segments?
The inverter market covered in this report is segmented -
1) By Inverter Type: Solar Inverter, Vehicle Inverter, Other Types
2) By Connection Type: On-Grid, Off-Grid
3) By Phase: Single Phase, Three Phase
4) By Sales Channel: Direct, Indirect
5) By End-User: Residential, Industrial, Commercial
Subsegments:
1) By Solar Inverter: String Inverter, Central Inverter, Micro Inverter, Hybrid Inverter
2) By Vehicle Inverter: Modified Sine Wave Inverter, Pure Sine Wave Inverter, Inverter Chargers
3) By Other Types: Grid-Tie Inverter, Off-Grid Inverter, UPS Inverter (Uninterruptible Power Supply), Battery Inverter
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8045&type=smp
What Are the Primary Drivers Shaping the Inverter Market?
The surge in electric vehicle (EV) demand is predicted to boost the advancement of the inverter market in the future. Electric vehicles are defined as vehicles with motors powered by electricity kept in batteries, functioning on electric motors and charging their batteries with electricity instead of resorting to fossil fuels. An inverter, an essential component of an EV, alters the speed of motor rotation by modifying the frequency of the alternating current. For example, the International Energy Agency, a France-based intergovernmental organization, reported that electric vehicle sales stood at 10 million in 2022 and projected a rise to 14 million sales in 2023. Consequently, increased electric vehicle demand is a key driver in the expansion of the inverter market.
Which Companies Are Leading in the Inverter Market?
Major companies operating in the inverter market include Mitsubishi Electric Corporation, Huawei Technologies Co. Ltd., General Electric Company, Schneider Electric SE, Eaton Corporation, Delta Electronics Inc., OMRON Corporation, Chint Group Co. Ltd., Sungrow Power Supply Co. Ltd., Yaskawa Electric Corporation, KOSTAL Solar Electric GmbH, SolarEdge Technologies Inc., Enphase Energy Inc., Advanced Energy Industries Inc., TMEIC Corporation, Fronius International GmbH, Ingeteam India Pvt. Ltd., Ginlong Technologies Co. Ltd., KSTAR New Energy Co. Ltd., Sineng Electric Co. Ltd., Growatt New Energy Technology Co. Ltd., Hitachi Hi-Rel Power Electronics Pvt. Ltd., Tabuchi Electric Co. Ltd., GoodWe Power Supply Technology Co. Ltd., KACO new energy GmbH, Xantrex Technology Inc., FIMER S.p.A, SMA Solar Technology AG, Power Electronics S.L.
What Are the Major Trends Shaping the Inverter Market?
Key businesses in the inverters market are focusing their efforts on developing new inventions like microinverters to deliver trustworthy services to their customers. Microinverters are compact devices utilized in solar photovoltaic (PV) systems, responsible for transforming the direct current (DC) produced by each individual solar panel into alternating current (AC). For example, Enphase Energy Inc., an energy technology company based in the US, introduced IQ8 Microinverters including IQ8HC and IQ8P, in August 2024. The IQ8HC and IQ8P are microinverters engineered to enhance energy production and they can handle a persistent Direct current (DC) of 14 amperes, accommodating higher-powered solar modules through heightened energy collection. These models claim inverter efficiencies of up to 97.7%, guaranteeing the best energy transformation. These models are specifically tailored for high-powered solar modules, making them perfectly suitable for the newest high-yield solar technologies.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/inverter-global-market-report
What Are the Top Revenue-Generating Geographies in the Inverter Market?
Asia-Pacific was the largest region in the inverter market in 2024. The regions covered in the inverter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Inverter Market?
2. What is the CAGR expected in the Inverter Market?
3. What Are the Key Innovations Transforming the Inverter Industry?
4. Which Region Is Leading the Inverter Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Inverter Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities here
News-ID: 4012134 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Inverter
Four Major Functions Of Solar Inverter. Do Users Need An Inverter For Every Sola …
Solar Inverters [https://www.solar3s.com/48v-on-off-grid-solar-inverter-4-2kw-6-2kw-hybrid-solar-inverter-product/]play a key coordinating role in smart photovoltaic systems, and as solar technology advances, their responsibilities increase, including optimizing performance and supervising photovoltaic equipment. But what exactly does an inverter do? Let's introduce its four key functions.
01
Dc/Ac Conversion
At its core, an On Grid Solar Inverter [https://www.solar3s.com/48v-on-off-grid-solar-inverter-4-2kw-6-2kw-hybrid-solar-inverter-product/] converts the electrical output of solar panels, converting direct current into the more widely used alternating current. Ensuring that solar energy can…
Grid-Forming Inverter Market Grid Management Revolution: The Potential of the Gr …
Grid-Forming Inverter Market
Grid-Forming Inverter Market to reach over USD 1,284.40 billion by the year 2031 - Exclusive Report by InsightAce Analytic
"Grid-Forming Inverter Market" in terms of revenue was estimated to be worth USD 676.01 Million in 2023 and is poised to reach USD 1,284.40 Million by 2031, growing at a CAGR of 8.48% from 2023 to 2031 according to a new report by InsightAce Analytic.
Get a free sample copy…
Inverter Market: Empowering Efficiency: Exploring the Inverter Market | 2023-202 …
Inverter Market Overview:
Maximize Market Research is a research firm that has published a detailed analysis of the "Inverter Market". MMR in-depth market assessments in research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Inverter market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.
Growth Potential of…
Inverter Market Forecast 2024-2030: Power Electronics, Renewable Integration, an …
Inverter Revolution: Global Market, Driven by Renewable Energy Boom
Global Inverter Market:
Inverters, also known as AC Drives, have become pivotal electronic devices in the energy landscape, converting Direct Current (DC) to Alternating Current (AC). These devices play a crucial role in regulating the speed and torque for automotive car engines. Moreover, they find applications in solar power systems and serve as backup power supplies from separately charged batteries.
Inverter Market Overview:
The Inverter…
Railway Traction Inverter Market
Railway traction inverter works on a wide component for transforming an electric energy in a way that it gets converted into power and then eventually in motion. This inverter helps to minimize switching and conduction losses at low and high currents, which allow maximization of rail acceleration and driving range. It is used to convert kinetic energy into electric to charge the battery of the vehicle, which helps to replace…
Electric Vehicle Power Inverter Market : Integrated Inverter System, Separate In …
Electric Vehicle Power Inverter Market by Propulsion (Hybrid Vehicle, Plug in Hybrid Vehicle, Battery Electric Vehicle), by Inverter Type (Traction Inverter, Soft Switching Inverter), by Vehicle Type (Passenger Vehicle, Commercial Vehicle), by Level of Integration (Integrated Inverter System, Separate Inverter System, Mechatronic Integration System), by Distribution Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031. The electric vehicle power inverter market size was valued at $8.67 billion in 2021,…
